Immokasi: 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.
Immokasi
Largest movements
- Current investments -€291,910
down €291,910 (-57.7%), from €505,841 to €213,931
- Tangible fixed assets -€213,192
down €213,192 (-5.5%), from €3.9m to €3.7m
of which Land and buildings: -€212,505
- Cash -€87,843
down €87,843 (-77.9%), from €112,713 to €24,871
mainly Contributions, distributions and other (-€500,000) and Debts after one year (-€151,309)
- Receivables within one year -€78,095
down €78,095 (-79.4%), from €98,394 to €20,299
- Profit (loss) carried forward -€480,471
down €480,471 (-58.6%), from €820,348 to €339,877
- Debts after one year -€151,309
down €151,309 (-7.3%), from €2.1m to €1.9m
- Taxes -€404,786
down €404,786 (-98.4%), from €411,295 to €6,510
- Gross operating margin -€105,782
down €105,782 (-33.0%), from €320,416 to €214,634
- Financial income -€89,379
down €89,379 (-93.7%), from €95,412 to €6,034
- Depreciation +€64,773
up €64,773 (+76.4%), from €84,811 to €149,584
- Other operating charges -€8,302
down €8,302 (-50.2%), from €16,523 to €8,221
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 | €4,613,610 | €3,942,571 | -€671,039 | -14.5% |
| Fixed assets | 21/28 | €3,896,663 | €3,683,471 | -€213,192 | -5.5% |
| Tangible fixed assets | 22/27 | €3,896,663 | €3,683,471 | -€213,192 | -5.5% |
| Land and buildings | 22 | €3,893,259 | €3,680,753 | -€212,505 | -5.5% |
| Plant, machinery and equipment | 23 | €3,404 | €2,717 | -€687 | -20.2% |
| Current assets | 29/58 | €716,948 | €259,100 | -€457,847 | -63.9% |
| Amounts receivable within one year | 40/41 | €98,394 | €20,299 | -€78,095 | -79.4% |
| Other amounts receivable | 41 | €98,394 | €20,299 | -€78,095 | -79.4% |
| Current investments | 50/53 | €505,841 | €213,931 | -€291,910 | -57.7% |
| Cash at bank and in hand | 54/58 | €112,713 | €24,871 | -€87,843 | -77.9% |
| Total equity and liabilities | 10/49 | €4,613,610 | €3,942,571 | -€671,039 | -14.5% |
| Equity | 10/15 | €1,606,668 | €1,102,270 | -€504,398 | -31.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €767,770 | €743,844 | -€23,927 | -3.1% |
| Tax-exempt reserves | 132 | €765,915 | €741,989 | -€23,927 | -3.1% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820,348 | €339,877 | -€480,471 | -58.6% |
| Provisions and deferred taxes | 16 | €255,305 | €247,330 | -€7,976 | -3.1% |
| Deferred taxes | 168 | €255,305 | €247,330 | -€7,976 | -3.1% |
| Amounts payable | 17/49 | €2,751,637 | €2,592,971 | -€158,666 | -5.8% |
| Amounts payable after more than one year | 17 | €2,069,506 | €1,918,197 | -€151,309 | -7.3% |
| Financial debts | 170/4 | €2,069,506 | €1,918,197 | -€151,309 | -7.3% |
| Amounts payable within one year | 42/48 | €682,131 | €674,774 | -€7,357 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €147,162 | €151,309 | +€4,148 | +2.8% |
| Trade debts | 44 | €3,434 | - | -€3,434 | |
| Suppliers | 440/4 | €3,434 | - | -€3,434 | |
| Other amounts payable | 47/48 | €531,535 | €523,465 | -€8,070 | -1.5% |
| Non-recurring operating income | 76A | €71,822 | - | -€71,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,811 | €149,584 | +€64,773 | +76.4% |
| Other operating charges | 640/8 | €16,523 | €8,221 | -€8,302 | -50.2% |
| Non-recurring operating charges | 66A | €19,900 | €8,510 | -€11,391 | -57.2% |
| Gross operating margin | 9900 | €320,416 | €214,634 | -€105,782 | -33.0% |
| Operating profit (loss) | 9901 | €199,182 | €48,320 | -€150,862 | -75.7% |
| Financial income | 75/76B | €95,412 | €6,034 | -€89,379 | -93.7% |
| Recurring financial income | 75 | €95,412 | €6,034 | -€89,379 | -93.7% |
| Financial charges | 65/66B | €65,234 | €60,218 | -€5,017 | -7.7% |
| Recurring financial charges | 65 | €65,234 | €60,218 | -€5,017 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €229,360 | -€5,864 | -€235,224 | |
| Transfer from deferred taxes | 780 | €357,185 | €7,976 | -€349,209 | -97.8% |
| Income taxes | 67/77 | €411,295 | €6,510 | -€404,786 | -98.4% |
| Profit (loss) for the period | 9904 | €175,250 | -€4,398 | -€179,648 | |
| Transfer from tax-exempt reserves | 789 | €1,071,555 | €23,927 | -€1.0m | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,246,805 | €19,529 | -€1.2m | -98.4% |
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 24 October 2026 via checked.be.