IMMOFRAM: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMOFRAM
Largest movements
- Receivables within one year +€4,328
up €4,328 (+5.6%), from €77,701 to €82,029
- Other debts +€4,200
up €4,200 (+6.2%), from €68,030 to €72,230
- Gross operating margin +€556
up €556 (+20.2%), from -€2,752 to -€2,196
- Financial income -€243
down €243 (-5.3%), from €4,571 to €4,328
- Financial charges -€138
down €138 (-66.4%), from €208 to €70
- Other operating charges +€55
up €55 (+3.2%), from €1,760 to €1,816
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,582 | €100,052 | +€4,469 | +4.7% |
| Fixed assets | 21/28 | €17,253 | €17,253 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,253 | €17,253 | = | 0.0% |
| Land and buildings | 22 | €17,253 | €17,253 | = | 0.0% |
| Current assets | 29/58 | €78,329 | €82,798 | +€4,469 | +5.7% |
| Amounts receivable within one year | 40/41 | €77,701 | €82,029 | +€4,328 | +5.6% |
| Other amounts receivable | 41 | €77,701 | €82,029 | +€4,328 | +5.6% |
| Cash at bank and in hand | 54/58 | €108 | €225 | +€116 | +107.3% |
| Deferred charges and accrued income | 490/1 | €520 | €545 | +€25 | +4.8% |
| Total equity and liabilities | 10/49 | €95,582 | €100,052 | +€4,469 | +4.7% |
| Equity | 10/15 | €27,165 | €27,412 | +€247 | +0.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,821 | -€3,574 | +€247 | +6.5% |
| Amounts payable | 17/49 | €68,417 | €72,639 | +€4,222 | +6.2% |
| Amounts payable within one year | 42/48 | €68,417 | €72,639 | +€4,222 | +6.2% |
| Trade debts | 44 | €387 | €410 | +€22 | +5.7% |
| Suppliers | 440/4 | €387 | €410 | +€22 | +5.7% |
| Other amounts payable | 47/48 | €68,030 | €72,230 | +€4,200 | +6.2% |
| Other operating charges | 640/8 | €1,760 | €1,816 | +€55 | +3.2% |
| Gross operating margin | 9900 | -€2,752 | -€2,196 | +€556 | +20.2% |
| Operating profit (loss) | 9901 | -€4,512 | -€4,011 | +€501 | +11.1% |
| Financial income | 75/76B | €4,571 | €4,328 | -€243 | -5.3% |
| Recurring financial income | 75 | €4,571 | €4,328 | -€243 | -5.3% |
| Financial charges | 65/66B | €208 | €70 | -€138 | -66.4% |
| Recurring financial charges | 65 | €208 | €70 | -€138 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | -€149 | €247 | +€396 | |
| Profit (loss) for the period | 9904 | -€149 | €247 | +€396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€149 | €247 | +€396 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.