IMMOFRANS: 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.
IMMOFRANS
Largest movements
- Tangible fixed assets +€431,190
up €431,190 (+8.1%), from €5.3m to €5.7m
- Debts after one year +€319,956
up €319,956 (+9.4%), from €3.4m to €3.7m
- Reserves +€67,526
up €67,526 (+17.5%), from €385,988 to €453,514
of which Distributable reserves: +€64,026
- Gross operating margin +€24,373
up €24,373 (+6.2%), from €392,856 to €417,230
- Depreciation -€10,723
down €10,723 (-5.0%), from €214,503 to €203,780
- Taxes -€6,733
down €6,733 (-68.1%), from €9,884 to €3,151
- Financial charges +€4,205
up €4,205 (+4.2%), from €98,961 to €103,166
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 | €5,361,404 | €5,813,822 | +€452,418 | +8.4% |
| Fixed assets | 21/28 | €5,300,595 | €5,731,785 | +€431,190 | +8.1% |
| Tangible fixed assets | 22/27 | €5,300,595 | €5,731,785 | +€431,190 | +8.1% |
| Land and buildings | 22 | €5,300,595 | €5,731,785 | +€431,190 | +8.1% |
| Current assets | 29/58 | €60,809 | €82,037 | +€21,228 | +34.9% |
| Amounts receivable within one year | 40/41 | €416 | €36,849 | +€36,433 | +8756.5% |
| Trade receivables | 40 | €300 | €10,000 | +€9,700 | +3233.3% |
| Other amounts receivable | 41 | €116 | €26,849 | +€26,733 | +23031.8% |
| Cash at bank and in hand | 54/58 | €60,393 | €45,188 | -€15,205 | -25.2% |
| Total equity and liabilities | 10/49 | €5,361,404 | €5,813,822 | +€452,418 | +8.4% |
| Equity | 10/15 | €1,204,988 | €1,272,514 | +€67,526 | +5.6% |
| Contributions | 10/11 | €819,000 | €819,000 | = | 0.0% |
| Capital | 10 | €819,000 | €819,000 | = | 0.0% |
| Issued capital | 100 | €819,000 | €819,000 | = | 0.0% |
| Reserves | 13 | €385,988 | €453,514 | +€67,526 | +17.5% |
| Non-distributable reserves | 130/1 | €73,581 | €77,081 | +€3,500 | +4.8% |
| Legal reserve | 130 | €73,581 | €77,081 | +€3,500 | +4.8% |
| Distributable reserves | 133 | €312,407 | €376,433 | +€64,026 | +20.5% |
| Amounts payable | 17/49 | €4,156,416 | €4,541,308 | +€384,892 | +9.3% |
| Amounts payable after more than one year | 17 | €3,399,523 | €3,719,479 | +€319,956 | +9.4% |
| Financial debts | 170/4 | €3,399,523 | €3,719,479 | +€319,956 | +9.4% |
| Amounts payable within one year | 42/48 | €755,925 | €820,830 | +€64,905 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €269,547 | €319,189 | +€49,642 | +18.4% |
| Trade debts | 44 | €36,917 | €38,604 | +€1,687 | +4.6% |
| Suppliers | 440/4 | €36,917 | €38,604 | +€1,687 | +4.6% |
| Taxes, remuneration and social security | 45 | €8,222 | €9,928 | +€1,706 | +20.7% |
| Taxes | 450/3 | €8,222 | €9,928 | +€1,706 | +20.7% |
| Other amounts payable | 47/48 | €441,239 | €453,110 | +€11,871 | +2.7% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,503 | €203,780 | -€10,723 | -5.0% |
| Other operating charges | 640/8 | €39,857 | €39,607 | -€250 | -0.6% |
| Gross operating margin | 9900 | €392,856 | €417,230 | +€24,373 | +6.2% |
| Operating profit (loss) | 9901 | €138,496 | €173,843 | +€35,347 | +25.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €98,961 | €103,166 | +€4,205 | +4.2% |
| Recurring financial charges | 65 | €98,961 | €103,166 | +€4,205 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €39,536 | €70,677 | +€31,142 | +78.8% |
| Income taxes | 67/77 | €9,884 | €3,151 | -€6,733 | -68.1% |
| Profit (loss) for the period | 9904 | €29,652 | €67,526 | +€37,875 | +127.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,652 | €67,526 | +€37,875 | +127.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.