IMMOJECO: what changed
Two financial 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.
IMMOJECO
Largest movements
- Receivables within one year +€2.3m
up €2.3m (+166.5%), from €1.4m to €3.7m
of which Other amounts receivable: +€2.3m
- Tangible fixed assets -€320,193
down €320,193 (-69.0%), from €464,365 to €144,172
- Reserves +€1.8m
up €1.8m (+255.4%), from €713,486 to €2.5m
of which Tax-exempt reserves: +€1.8m
- Provisions +€607,499
up €607,499 (+612.5%), from €99,191 to €706,690
- Debts after one year -€409,194
down €409,194 (-100.0%), from €409,194 to €0
- Profit (loss) carried forward +€104,123
up €104,123 (+51.4%), from €202,437 to €306,560
- Current portion of long-term debt -€88,834
down €88,834 (-100.0%), from €88,834 to €0
- Gross operating margin +€2.0m
up €2.0m (+363.3%), from €547,846 to €2.5m
- Financial income +€69,220
up €69,220 (+135.7%), from €51,007 to €120,227
- Depreciation -€27,247
down €27,247 (-41.1%), from €66,288 to €39,042
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 | €1,929,121 | €3,965,424 | +€2.0m | +105.6% |
| Fixed assets | 21/28 | €464,365 | €144,172 | -€320,193 | -69.0% |
| Tangible fixed assets | 22/27 | €464,365 | €144,172 | -€320,193 | -69.0% |
| Land and buildings | 22 | €464,365 | €144,172 | -€320,193 | -69.0% |
| Current assets | 29/58 | €1,464,756 | €3,821,252 | +€2.4m | +160.9% |
| Amounts receivable within one year | 40/41 | €1,399,132 | €3,728,452 | +€2.3m | +166.5% |
| Trade receivables | 40 | - | €1,781 | +€1,781 | |
| Other amounts receivable | 41 | €1,399,132 | €3,726,671 | +€2.3m | +166.4% |
| Cash at bank and in hand | 54/58 | €52,380 | €76,571 | +€24,191 | +46.2% |
| Deferred charges and accrued income | 490/1 | €13,243 | €16,229 | +€2,986 | +22.5% |
| Total equity and liabilities | 10/49 | €1,929,121 | €3,965,424 | +€2.0m | +105.6% |
| Equity | 10/15 | €1,292,969 | €3,219,589 | +€1.9m | +149.0% |
| Contributions | 10/11 | €377,046 | €377,046 | = | 0.0% |
| Capital | 10 | €377,046 | €377,046 | = | 0.0% |
| Issued capital | 100 | €377,046 | €377,046 | = | 0.0% |
| Reserves | 13 | €713,486 | €2,535,983 | +€1.8m | +255.4% |
| Non-distributable reserves | 130/1 | €96,322 | €96,322 | = | 0.0% |
| Legal reserve | 130 | €96,322 | €96,322 | = | 0.0% |
| Tax-exempt reserves | 132 | €297,573 | €2,120,070 | +€1.8m | +612.5% |
| Distributable reserves | 133 | €319,592 | €319,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,437 | €306,560 | +€104,123 | +51.4% |
| Provisions and deferred taxes | 16 | €99,191 | €706,690 | +€607,499 | +612.5% |
| Deferred taxes | 168 | €99,191 | €706,690 | +€607,499 | +612.5% |
| Amounts payable | 17/49 | €536,961 | €39,144 | -€497,816 | -92.7% |
| Amounts payable after more than one year | 17 | €409,194 | €0 | -€409,194 | -100.0% |
| Financial debts | 170/4 | €409,194 | €0 | -€409,194 | -100.0% |
| Amounts payable within one year | 42/48 | €122,774 | €34,034 | -€88,740 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €88,834 | €0 | -€88,834 | -100.0% |
| Trade debts | 44 | €12,871 | €17,705 | +€4,835 | +37.6% |
| Suppliers | 440/4 | €12,871 | €17,705 | +€4,835 | +37.6% |
| Taxes, remuneration and social security | 45 | €0 | €9,709 | +€9,709 | |
| Taxes | 450/3 | €0 | €9,709 | +€9,709 | |
| Other amounts payable | 47/48 | €21,070 | €6,620 | -€14,450 | -68.6% |
| Accrued charges and deferred income | 492/3 | €4,992 | €5,110 | +€118 | +2.4% |
| Non-recurring operating income | 76A | €396,764 | €2,451,509 | +€2.1m | +517.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,288 | €39,042 | -€27,247 | -41.1% |
| Other operating charges | 640/8 | €20,421 | €17,647 | -€2,773 | -13.6% |
| Non-recurring operating charges | 66A | - | €12,000 | +€12,000 | |
| Gross operating margin | 9900 | €547,846 | €2,538,121 | +€2.0m | +363.3% |
| Operating profit (loss) | 9901 | €461,137 | €2,469,432 | +€2.0m | +435.5% |
| Financial income | 75/76B | €51,007 | €120,227 | +€69,220 | +135.7% |
| Recurring financial income | 75 | €51,007 | €120,227 | +€69,220 | +135.7% |
| Financial charges | 65/66B | €9,100 | €20,830 | +€11,730 | +128.9% |
| Recurring financial charges | 65 | €9,100 | €20,830 | +€11,730 | +128.9% |
| Profit (loss) for the period before taxes | 9903 | €503,044 | €2,568,829 | +€2.1m | +410.7% |
| Transfer to deferred taxes | 680 | €99,191 | €607,499 | +€508,308 | +512.5% |
| Income taxes | 67/77 | €24,082 | €34,709 | +€10,627 | +44.1% |
| Profit (loss) for the period | 9904 | €379,771 | €1,926,620 | +€1.5m | +407.3% |
| Transfer to tax-exempt reserves | 689 | €297,573 | €1,822,497 | +€1.5m | +512.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,198 | €104,123 | +€21,925 | +26.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.