IMMOFREE: 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.
IMMOFREE
Largest movements
- Receivables after one year -€44,599
down €44,599 (-58.6%), from €76,063 to €31,464
- Cash -€36,943
down €36,943 (-88.9%), from €41,539 to €4,597
mainly Net result for the year (-€75,835) and Receivables within one year (-€8,971)
- Receivables within one year +€8,971
up €8,971 (+2.0%), from €447,757 to €456,728
of which Other amounts receivable: +€7,679
- Profit (loss) carried forward -€75,835
down €75,835, from €0 to -€75,835
- Gross operating margin -€15,962
down €15,962 (-26.2%), from -€60,840 to -€76,802
- Financial income -€3,831
down €3,831 (-59.5%), from €6,443 to €2,612
- Depreciation -€1,518
down €1,518 (-61.4%), from €2,472 to €954
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 | €574,032 | €498,876 | -€75,156 | -13.1% |
| Fixed assets | 21/28 | €4,378 | €3,424 | -€954 | -21.8% |
| Tangible fixed assets | 22/27 | €4,378 | €3,424 | -€954 | -21.8% |
| Land and buildings | 22 | €2,713 | €2,348 | -€365 | -13.5% |
| Plant, machinery and equipment | 23 | €51 | €0 | -€51 | -100.0% |
| Other tangible fixed assets | 26 | €1,613 | €1,076 | -€538 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €569,654 | €495,452 | -€74,202 | -13.0% |
| Amounts receivable after more than one year | 29 | €76,063 | €31,464 | -€44,599 | -58.6% |
| Other amounts receivable | 291 | €76,063 | €31,464 | -€44,599 | -58.6% |
| Amounts receivable within one year | 40/41 | €447,757 | €456,728 | +€8,971 | +2.0% |
| Trade receivables | 40 | €248 | €1,541 | +€1,293 | +521.1% |
| Other amounts receivable | 41 | €447,509 | €455,187 | +€7,679 | +1.7% |
| Cash at bank and in hand | 54/58 | €41,539 | €4,597 | -€36,943 | -88.9% |
| Deferred charges and accrued income | 490/1 | €4,295 | €2,664 | -€1,631 | -38.0% |
| Total equity and liabilities | 10/49 | €574,032 | €498,876 | -€75,156 | -13.1% |
| Equity | 10/15 | €566,789 | €490,954 | -€75,835 | -13.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €501,789 | €501,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €495,289 | €495,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€75,835 | -€75,835 | |
| Amounts payable | 17/49 | €7,243 | €7,922 | +€679 | +9.4% |
| Amounts payable within one year | 42/48 | €7,243 | €7,922 | +€679 | +9.4% |
| Trade debts | 44 | €7,243 | €7,922 | +€679 | +9.4% |
| Suppliers | 440/4 | €7,243 | €7,922 | +€679 | +9.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €954 | -€1,518 | -61.4% |
| Other operating charges | 640/8 | €655 | €520 | -€136 | -20.7% |
| Gross operating margin | 9900 | -€60,840 | -€76,802 | -€15,962 | -26.2% |
| Operating profit (loss) | 9901 | -€63,967 | -€78,276 | -€14,308 | -22.4% |
| Financial income | 75/76B | €6,443 | €2,612 | -€3,831 | -59.5% |
| Recurring financial income | 75 | €6,443 | €2,612 | -€3,831 | -59.5% |
| Financial charges | 65/66B | €166 | €172 | +€5 | +3.3% |
| Recurring financial charges | 65 | €166 | €172 | +€5 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€57,690 | -€75,835 | -€18,145 | -31.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€57,690 | -€75,835 | -€18,145 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,690 | -€75,835 | -€18,145 | -31.5% |
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 6 October 2026 via checked.be.