IMMOGENSTAR: 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.
IMMOGENSTAR
Largest movements
- Receivables after one year +€26,969
up €26,969 (+21.7%), from €124,433 to €151,402
- Tangible fixed assets -€12,095
down €12,095 (-6.8%), from €178,331 to €166,236
- Other debts +€8,957
up €8,957 (+4.8%), from €187,510 to €196,467
- Profit (loss) carried forward +€8,180
up €8,180 (+18.0%), from €45,478 to €53,658
- Taxes -€9,729
down €9,729 (-76.6%), from €12,707 to €2,978
- Financial income +€3,040
new in 2025: €3,040
- Gross operating margin +€655
up €655 (+2.9%), from €22,945 to €23,600
- Financial charges -€387
down €387 (-54.0%), from €717 to €330
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 | €303,107 | €323,222 | +€20,115 | +6.6% |
| Fixed assets | 21/28 | €178,331 | €166,236 | -€12,095 | -6.8% |
| Tangible fixed assets | 22/27 | €178,331 | €166,236 | -€12,095 | -6.8% |
| Land and buildings | 22 | €178,331 | €166,236 | -€12,095 | -6.8% |
| Current assets | 29/58 | €124,776 | €156,986 | +€32,210 | +25.8% |
| Amounts receivable after more than one year | 29 | €124,433 | €151,402 | +€26,969 | +21.7% |
| Other amounts receivable | 291 | €124,433 | €151,402 | +€26,969 | +21.7% |
| Amounts receivable within one year | 40/41 | - | €2,630 | +€2,630 | |
| Other amounts receivable | 41 | - | €2,630 | +€2,630 | |
| Cash at bank and in hand | 54/58 | €343 | €2,954 | +€2,611 | +762.2% |
| Total equity and liabilities | 10/49 | €303,107 | €323,222 | +€20,115 | +6.6% |
| Equity | 10/15 | €113,649 | €121,829 | +€8,180 | +7.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,478 | €53,658 | +€8,180 | +18.0% |
| Amounts payable | 17/49 | €189,458 | €201,393 | +€11,935 | +6.3% |
| Amounts payable within one year | 42/48 | €189,458 | €201,393 | +€11,935 | +6.3% |
| Taxes, remuneration and social security | 45 | €1,948 | €4,926 | +€2,978 | +152.9% |
| Taxes | 450/3 | €1,948 | €4,926 | +€2,978 | +152.9% |
| Other amounts payable | 47/48 | €187,510 | €196,467 | +€8,957 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,095 | €12,095 | = | 0.0% |
| Other operating charges | 640/8 | €2,984 | €3,057 | +€73 | +2.5% |
| Gross operating margin | 9900 | €22,945 | €23,600 | +€655 | +2.9% |
| Operating profit (loss) | 9901 | €7,866 | €8,448 | +€582 | +7.4% |
| Financial income | 75/76B | - | €3,040 | +€3,040 | |
| Recurring financial income | 75 | - | €3,040 | +€3,040 | |
| Financial charges | 65/66B | €717 | €330 | -€387 | -54.0% |
| Recurring financial charges | 65 | €717 | €330 | -€387 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €7,149 | €11,157 | +€4,009 | +56.1% |
| Income taxes | 67/77 | €12,707 | €2,978 | -€9,729 | -76.6% |
| Profit (loss) for the period | 9904 | -€5,558 | €8,180 | +€13,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,558 | €8,180 | +€13,738 |
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 7 October 2026 via checked.be.