IMMOFUNE: 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.
IMMOFUNE
Largest movements
- Tangible fixed assets +€7,538
up €7,538 (+10.4%), from €72,575 to €80,113
of which Furniture and vehicles: +€22,156
- Debts after one year +€17,683
up €17,683 (+6338.0%), from €279 to €17,962
- Profit (loss) carried forward -€9,329
down €9,329 (-624.9%), from -€1,493 to -€10,822
- Short-term financial debts -€1,509
down €1,509 (-59.8%), from €2,524 to €1,015
- Depreciation +€3,355
up €3,355 (+22.1%), from €15,189 to €18,544
- Provisions +€3,310
no longer reported in 2025 (was -€3,310)
- Gross operating margin -€832
down €832 (-6.1%), from €13,552 to €12,720
- Financial charges +€404
up €404 (+49.0%), from €825 to €1,229
- Other operating charges -€185
down €185 (-7.5%), from €2,462 to €2,277
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 | €111,629 | €119,973 | +€8,344 | +7.5% |
| Fixed assets | 21/28 | €72,575 | €80,113 | +€7,538 | +10.4% |
| Tangible fixed assets | 22/27 | €72,575 | €80,113 | +€7,538 | +10.4% |
| Land and buildings | 22 | €72,526 | €57,055 | -€15,471 | -21.3% |
| Plant, machinery and equipment | 23 | - | €852 | +€852 | |
| Furniture and vehicles | 24 | €49 | €22,205 | +€22,156 | +45217.3% |
| Current assets | 29/58 | €39,054 | €39,860 | +€806 | +2.1% |
| Amounts receivable within one year | 40/41 | €34,448 | €35,087 | +€639 | +1.9% |
| Trade receivables | 40 | €529 | €1,525 | +€996 | +188.2% |
| Other amounts receivable | 41 | €33,919 | €33,563 | -€356 | -1.1% |
| Current investments | 50/53 | €558 | €558 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €3,475 | €3,988 | +€513 | +14.8% |
| Deferred charges and accrued income | 490/1 | €573 | €227 | -€346 | -60.4% |
| Total equity and liabilities | 10/49 | €111,629 | €119,973 | +€8,344 | +7.5% |
| Equity | 10/15 | €102,422 | €93,093 | -€9,329 | -9.1% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €72,915 | €72,915 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €45,335 | €45,335 | -€0 | 0.0% |
| Distributable reserves | 133 | €27,580 | €27,580 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,493 | -€10,822 | -€9,329 | -624.9% |
| Amounts payable | 17/49 | €9,207 | €26,880 | +€17,673 | +192.0% |
| Amounts payable after more than one year | 17 | €279 | €17,962 | +€17,683 | +6338.0% |
| Financial debts | 170/4 | €279 | €17,962 | +€17,683 | +6338.0% |
| Amounts payable within one year | 42/48 | €8,756 | €8,918 | +€162 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,143 | €5,013 | +€870 | +21.0% |
| Financial debts | 43 | €2,524 | €1,015 | -€1,509 | -59.8% |
| Other loans | 439 | €2,524 | €1,015 | -€1,509 | -59.8% |
| Trade debts | 44 | €482 | €1,063 | +€581 | +120.6% |
| Suppliers | 440/4 | €482 | €1,063 | +€581 | +120.6% |
| Taxes, remuneration and social security | 45 | €1,106 | €1,000 | -€106 | -9.6% |
| Taxes | 450/3 | €1,106 | €1,000 | -€106 | -9.6% |
| Other amounts payable | 47/48 | €501 | €828 | +€327 | +65.2% |
| Accrued charges and deferred income | 492/3 | €172 | - | -€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,189 | €18,544 | +€3,355 | +22.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,310 | - | +€3,310 | |
| Other operating charges | 640/8 | €2,462 | €2,277 | -€185 | -7.5% |
| Gross operating margin | 9900 | €13,552 | €12,720 | -€832 | -6.1% |
| Operating profit (loss) | 9901 | -€789 | -€8,101 | -€7,312 | -926.7% |
| Financial income | 75/76B | €129 | - | -€129 | |
| Recurring financial income | 75 | €129 | - | -€129 | |
| Financial charges | 65/66B | €825 | €1,229 | +€404 | +49.0% |
| Recurring financial charges | 65 | €825 | €1,229 | +€404 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,485 | -€9,330 | -€7,845 | -528.3% |
| Income taxes | 67/77 | €8 | - | -€8 | |
| Profit (loss) for the period | 9904 | -€1,493 | -€9,330 | -€7,837 | -524.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,493 | -€9,330 | -€7,837 | -524.9% |
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 3 October 2026 via checked.be.