IMMOKAPI: 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.
IMMOKAPI
Largest movements
- Tangible fixed assets -€22,673
down €22,673 (-6.7%), from €339,402 to €316,729
of which Land and buildings: -€27,901
- Cash -€15,827
down €15,827 (-55.1%), from €28,732 to €12,904
mainly Investment in fixed assets (net) (-€26,829) and Other debts (-€21,609)
- Receivables within one year +€12,537
up €12,537 (+99.8%), from €12,568 to €25,106
of which Trade receivables: +€11,672
- Deferred charges and accrued income +€4,468
up €4,468 (+4733.4%), from €94 to €4,563
- Other debts -€21,609
down €21,609 (-12.6%), from €170,969 to €149,360
- Trade debts -€17,948
down €17,948 (-66.5%), from €26,995 to €9,047
- Debts after one year +€14,477
up €14,477 (+9.9%), from €145,509 to €159,985
of which Other amounts payable: +€25,000
- Profit (loss) carried forward +€5,214
up €5,214 (+2.8%), from -€187,291 to -€182,077
- Gross operating margin +€19,989
up €19,989 (+52.0%), from €38,425 to €58,414
- Depreciation +€11,122
up €11,122 (+29.0%), from €38,380 to €49,502
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 | €380,796 | €359,451 | -€21,345 | -5.6% |
| Fixed assets | 21/28 | €339,402 | €316,729 | -€22,673 | -6.7% |
| Tangible fixed assets | 22/27 | €339,402 | €316,729 | -€22,673 | -6.7% |
| Land and buildings | 22 | €337,959 | €310,058 | -€27,901 | -8.3% |
| Plant, machinery and equipment | 23 | €1,443 | €1,399 | -€44 | -3.0% |
| Furniture and vehicles | 24 | - | €443 | +€443 | |
| Assets under construction and advance payments | 27 | - | €4,829 | +€4,829 | |
| Current assets | 29/58 | €41,394 | €42,723 | +€1,328 | +3.2% |
| Amounts receivable within one year | 40/41 | €12,568 | €25,106 | +€12,537 | +99.8% |
| Trade receivables | 40 | - | €11,672 | +€11,672 | |
| Other amounts receivable | 41 | €12,568 | €13,434 | +€866 | +6.9% |
| Current investments | 50/53 | - | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €28,732 | €12,904 | -€15,827 | -55.1% |
| Deferred charges and accrued income | 490/1 | €94 | €4,563 | +€4,468 | +4733.4% |
| Total equity and liabilities | 10/49 | €380,796 | €359,451 | -€21,345 | -5.6% |
| Equity | 10/15 | €24,022 | €28,216 | +€4,194 | +17.5% |
| Contributions | 10/11 | €5,228 | €5,228 | = | 0.0% |
| Reserves | 13 | €206,085 | €205,065 | -€1,021 | -0.5% |
| Non-distributable reserves | 130/1 | €1,568 | €1,568 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,568 | €1,568 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,085 | €9,064 | -€1,021 | -10.1% |
| Distributable reserves | 133 | €194,432 | €194,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,291 | -€182,077 | +€5,214 | +2.8% |
| Provisions and deferred taxes | 16 | €2,434 | €2,178 | -€255 | -10.5% |
| Deferred taxes | 168 | €2,434 | €2,178 | -€255 | -10.5% |
| Amounts payable | 17/49 | €354,341 | €329,057 | -€25,284 | -7.1% |
| Amounts payable after more than one year | 17 | €145,509 | €159,985 | +€14,477 | +9.9% |
| Financial debts | 170/4 | €45,509 | €34,985 | -€10,524 | -23.1% |
| Other amounts payable | 178/9 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Amounts payable within one year | 42/48 | €208,245 | €168,930 | -€39,315 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €10,282 | €10,524 | +€242 | +2.4% |
| Trade debts | 44 | €26,995 | €9,047 | -€17,948 | -66.5% |
| Suppliers | 440/4 | €26,995 | €9,047 | -€17,948 | -66.5% |
| Other amounts payable | 47/48 | €170,969 | €149,360 | -€21,609 | -12.6% |
| Accrued charges and deferred income | 492/3 | €587 | €142 | -€445 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,380 | €49,502 | +€11,122 | +29.0% |
| Other operating charges | 640/8 | €2,769 | €2,847 | +€78 | +2.8% |
| Gross operating margin | 9900 | €38,425 | €58,414 | +€19,989 | +52.0% |
| Operating profit (loss) | 9901 | -€2,724 | €6,064 | +€8,788 | |
| Financial income | 75/76B | €192 | €89 | -€103 | -53.6% |
| Recurring financial income | 75 | €192 | €89 | -€103 | -53.6% |
| Financial charges | 65/66B | €1,986 | €1,648 | -€338 | -17.0% |
| Recurring financial charges | 65 | €1,986 | €1,648 | -€338 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,518 | €4,505 | +€9,023 | |
| Transfer from deferred taxes | 780 | €255 | €255 | = | 0.0% |
| Income taxes | 67/77 | €36 | €566 | +€531 | +1482.4% |
| Profit (loss) for the period | 9904 | -€4,299 | €4,194 | +€8,493 | |
| Transfer from tax-exempt reserves | 789 | €1,021 | €1,021 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,278 | €5,214 | +€8,493 |
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.