IMMOKÉ: 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.
IMMOKÉ
Largest movements
- Receivables within one year +€213,974
up €213,974 (+23.8%), from €899,334 to €1.1m
of which Other amounts receivable: +€225,000
- Cash -€161,865
down €161,865 (-67.3%), from €240,612 to €78,747
mainly Receivables within one year (-€213,974) and Current portion of long-term debt (-€30,578)
- Reserves +€103,538
up €103,538 (+10.9%), from €953,258 to €1.1m
of which Distributable reserves: +€103,538
- Current portion of long-term debt -€30,578
down €30,578 (-75.2%), from €40,646 to €10,069
- Gross operating margin -€57,881
down €57,881 (-26.8%), from €215,631 to €157,750
- Taxes -€20,535
down €20,535 (-34.4%), from €59,756 to €39,222
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 | €1,185,790 | €1,226,574 | +€40,784 | +3.4% |
| Fixed assets | 21/28 | €44,402 | €33,040 | -€11,361 | -25.6% |
| Tangible fixed assets | 22/27 | €44,402 | €33,040 | -€11,361 | -25.6% |
| Plant, machinery and equipment | 23 | €660 | €440 | -€220 | -33.3% |
| Furniture and vehicles | 24 | €43,741 | €32,600 | -€11,141 | -25.5% |
| Current assets | 29/58 | €1,141,389 | €1,193,534 | +€52,146 | +4.6% |
| Amounts receivable within one year | 40/41 | €899,334 | €1,113,309 | +€213,974 | +23.8% |
| Trade receivables | 40 | €63,883 | €52,858 | -€11,026 | -17.3% |
| Other amounts receivable | 41 | €835,451 | €1,060,451 | +€225,000 | +26.9% |
| Cash at bank and in hand | 54/58 | €240,612 | €78,747 | -€161,865 | -67.3% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,479 | +€37 | +2.5% |
| Total equity and liabilities | 10/49 | €1,185,790 | €1,226,574 | +€40,784 | +3.4% |
| Equity | 10/15 | €1,015,801 | €1,119,339 | +€103,538 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €953,258 | €1,056,796 | +€103,538 | +10.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €951,398 | €1,054,936 | +€103,538 | +10.9% |
| Profit (loss) carried forward | 14 | €43,943 | €43,943 | = | 0.0% |
| Amounts payable | 17/49 | €169,990 | €107,235 | -€62,754 | -36.9% |
| Amounts payable after more than one year | 17 | €31,419 | €21,351 | -€10,069 | -32.0% |
| Financial debts | 170/4 | €31,419 | €21,351 | -€10,069 | -32.0% |
| Amounts payable within one year | 42/48 | €138,570 | €85,885 | -€52,686 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €40,646 | €10,069 | -€30,578 | -75.2% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €8,370 | €6,214 | -€2,156 | -25.8% |
| Suppliers | 440/4 | €8,370 | €6,214 | -€2,156 | -25.8% |
| Advances received on contracts in progress | 46 | €45,306 | €45,306 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €25,062 | €14,911 | -€10,151 | -40.5% |
| Taxes | 450/3 | €25,062 | €14,911 | -€10,151 | -40.5% |
| Other amounts payable | 47/48 | €9,186 | €9,385 | +€200 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,476 | €11,361 | -€115 | -1.0% |
| Other operating charges | 640/8 | €1,319 | €1,339 | +€21 | +1.6% |
| Gross operating margin | 9900 | €215,631 | €157,750 | -€57,881 | -26.8% |
| Operating profit (loss) | 9901 | €202,836 | €145,050 | -€57,787 | -28.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +175.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +175.0% |
| Financial charges | 65/66B | €1,814 | €2,291 | +€477 | +26.3% |
| Recurring financial charges | 65 | €1,814 | €2,291 | +€477 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €201,023 | €142,760 | -€58,263 | -29.0% |
| Income taxes | 67/77 | €59,756 | €39,222 | -€20,535 | -34.4% |
| Profit (loss) for the period | 9904 | €141,266 | €103,538 | -€37,728 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €141,266 | €103,538 | -€37,728 | -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.