IMMOKA: 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.
IMMOKA
Largest movements
- Tangible fixed assets -€17,032
down €17,032 (-5.1%), from €334,093 to €317,060
of which Land and buildings: -€15,679
- Cash +€4,935
up €4,935 (+89.6%), from €5,511 to €10,447
mainly Other debts (+€41,456) and Net result for the year (+€38,444)
- Other debts +€41,456
up €41,456 (+176%), from €23,539 to €64,995
- Reserves -€30,890
down €30,890 (-100%), from €30,890 to €0
- Debts after one year -€18,920
down €18,920 (-7.4%), from €257,220 to €238,300
- Gross operating margin +€23,530
up €23,530 (+43.3%), from €54,359 to €77,889
- Taxes +€6,290
up €6,290 (+81.9%), from €7,682 to €13,972
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.
Derived cash bridge
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 | €349,461 | €340,795 | -€8,667 | -2.5% |
| Fixed assets | 21/28 | €334,093 | €317,060 | -€17,032 | -5.1% |
| Tangible fixed assets | 22/27 | €334,093 | €317,060 | -€17,032 | -5.1% |
| Land and buildings | 22 | €332,436 | €316,757 | -€15,679 | -4.7% |
| Plant, machinery and equipment | 23 | €1,656 | €303 | -€1,353 | -81.7% |
| Current assets | 29/58 | €15,369 | €23,734 | +€8,366 | +54.4% |
| Amounts receivable within one year | 40/41 | €9,857 | €13,288 | +€3,430 | +34.8% |
| Trade receivables | 40 | €9,857 | €13,288 | +€3,430 | +34.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,511 | €10,447 | +€4,935 | +89.6% |
| Total equity and liabilities | 10/49 | €349,461 | €340,795 | -€8,667 | -2.5% |
| Equity | 10/15 | €45,890 | €15,000 | -€30,890 | -67.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €30,890 | €0 | -€30,890 | -100% |
| Distributable reserves | 133 | €30,890 | €0 | -€30,890 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,571 | €325,795 | +€22,224 | +7.3% |
| Amounts payable after more than one year | 17 | €257,220 | €238,300 | -€18,920 | -7.4% |
| Financial debts | 170/4 | €257,220 | €238,300 | -€18,920 | -7.4% |
| Amounts payable within one year | 42/48 | €46,351 | €87,495 | +€41,144 | +88.8% |
| Current portion of amounts payable after more than one year | 42 | €18,709 | €18,920 | +€211 | +1.1% |
| Financial debts | 43 | €2,367 | €2,355 | -€11 | -0.5% |
| Other loans | 439 | €2,367 | €2,355 | -€11 | -0.5% |
| Trade debts | 44 | €1,055 | €753 | -€302 | -28.6% |
| Suppliers | 440/4 | €1,055 | €753 | -€302 | -28.6% |
| Taxes, remuneration and social security | 45 | €682 | €472 | -€210 | -30.8% |
| Taxes | 450/3 | €682 | €472 | -€210 | -30.8% |
| Other amounts payable | 47/48 | €23,539 | €64,995 | +€41,456 | +176% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,321 | €17,032 | -€288 | -1.7% |
| Other operating charges | 640/8 | €4,902 | €5,048 | +€146 | +3.0% |
| Gross operating margin | 9900 | €54,359 | €77,889 | +€23,530 | +43.3% |
| Operating profit (loss) | 9901 | €32,136 | €55,809 | +€23,672 | +73.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,566 | €3,393 | -€173 | -4.8% |
| Recurring financial charges | 65 | €3,566 | €3,393 | -€173 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €28,570 | €52,416 | +€23,845 | +83.5% |
| Income taxes | 67/77 | €7,682 | €13,972 | +€6,290 | +81.9% |
| Profit (loss) for the period | 9904 | €20,888 | €38,444 | +€17,556 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,888 | €38,444 | +€17,556 | +84.0% |
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 15 October 2026 via checked.be.