IMMOKEP: what changed
Two fiscal 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.
IMMOKEP
Largest movements
- Tangible fixed assets -€48,170
down €48,170 (-9.5%), from €505,204 to €457,033
- Cash +€40,488
up €40,488 (+10.6%), from €382,354 to €422,842
mainly Depreciation (+€60,721) and Net result for the year (+€50,877)
- Other debts -€10,921
down €10,921 (-3.9%), from €278,712 to €267,791
- Gross operating margin -€15,960
down €15,960 (-8.2%), from €194,404 to €178,444
- Taxes -€4,520
down €4,520 (-16.0%), from €28,244 to €23,724
- Financial charges -€2,812
down €2,812 (-12.7%), from €22,167 to €19,355
- Depreciation +€2,088
up €2,088 (+3.6%), from €58,633 to €60,721
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 | €897,677 | €889,406 | -€8,271 | -0.9% |
| Fixed assets | 21/28 | €506,369 | €458,199 | -€48,170 | -9.5% |
| Tangible fixed assets | 22/27 | €505,204 | €457,033 | -€48,170 | -9.5% |
| Land and buildings | 22 | €505,204 | €457,033 | -€48,170 | -9.5% |
| Financial fixed assets | 28 | €1,165 | €1,165 | = | 0.0% |
| Current assets | 29/58 | €391,308 | €431,207 | +€39,899 | +10.2% |
| Amounts receivable within one year | 40/41 | €8,954 | €3,776 | -€5,177 | -57.8% |
| Other amounts receivable | 41 | €8,954 | €3,776 | -€5,177 | -57.8% |
| Cash at bank and in hand | 54/58 | €382,354 | €422,842 | +€40,488 | +10.6% |
| Deferred charges and accrued income | 490/1 | - | €4,588 | +€4,588 | |
| Total equity and liabilities | 10/49 | €897,677 | €889,406 | -€8,271 | -0.9% |
| Equity | 10/15 | €611,624 | €616,606 | +€4,983 | +0.8% |
| Contributions | 10/11 | €67,576 | €67,576 | = | 0.0% |
| Capital | 10 | €67,576 | €67,576 | = | 0.0% |
| Issued capital | 100 | €67,576 | €67,576 | = | 0.0% |
| Reserves | 13 | €543,920 | €548,903 | +€4,983 | +0.9% |
| Non-distributable reserves | 130/1 | €6,758 | €6,758 | = | 0.0% |
| Legal reserve | 130 | €6,758 | €6,758 | = | 0.0% |
| Distributable reserves | 133 | €537,162 | €542,145 | +€4,983 | +0.9% |
| Profit (loss) carried forward | 14 | €127 | €127 | = | 0.0% |
| Amounts payable | 17/49 | €286,053 | €272,799 | -€13,254 | -4.6% |
| Amounts payable within one year | 42/48 | €286,053 | €272,799 | -€13,254 | -4.6% |
| Trade debts | 44 | - | €48 | +€48 | |
| Suppliers | 440/4 | - | €48 | +€48 | |
| Taxes, remuneration and social security | 45 | €7,341 | €4,961 | -€2,381 | -32.4% |
| Taxes | 450/3 | €7,341 | €4,961 | -€2,381 | -32.4% |
| Other amounts payable | 47/48 | €278,712 | €267,791 | -€10,921 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,633 | €60,721 | +€2,088 | +3.6% |
| Other operating charges | 640/8 | €23,046 | €23,769 | +€723 | +3.1% |
| Gross operating margin | 9900 | €194,404 | €178,444 | -€15,960 | -8.2% |
| Operating profit (loss) | 9901 | €112,725 | €93,954 | -€18,771 | -16.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €22,167 | €19,355 | -€2,812 | -12.7% |
| Recurring financial charges | 65 | €22,167 | €19,355 | -€2,812 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €90,558 | €74,601 | -€15,957 | -17.6% |
| Income taxes | 67/77 | €28,244 | €23,724 | -€4,520 | -16.0% |
| Profit (loss) for the period | 9904 | €62,314 | €50,877 | -€11,437 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,314 | €50,877 | -€11,437 | -18.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.