IMMOKO: 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.
What changed
IMMOKO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,949
2024 · -€26,745+€15,796
Equity
€1.3m
2024 · €1.3m-€10,949
Cash
€891
2024 · €969-€78
Balance sheet total
€1.5m
2024 · €1.5m+€35,207
Largest movements
Assets
- Tangible fixed assets +€18,381
up €18,381 (+1.2%), from €1.5m to €1.5m
of which Other tangible fixed assets: +€24,619
- Receivables within one year +€15,993
up €15,993 (+775%), from €2,062 to €18,055
of which Trade receivables: +€17,361
Equity and liabilities
- Debts after one year +€23,895
up €23,895 (+22.2%), from €107,450 to €131,345
Income statement
- Gross operating margin +€16,315
up €16,315 (+1,161%), from €1,406 to €17,721
- Financial charges +€585
up €585 (+9.9%), from €5,902 to €6,487
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.
Result 2024
-€26,745
Gross operating margin
+€16,315
Depreciation
+€166
Other operating charges
-€88
Financial income
-€12
Financial charges
-€585
Taxes
-€0
Result 2025
-€10,949
raises the resultlowers the result
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.
From operations
+€7,776
Investment
-€37,652
Financing
+€29,798
Cash 2024
€969
From operations (derived)
+€7,776
Net result for the year
-€10,949
Depreciation
+€19,271
Receivables within one year
-€15,993
Deferred charges and accrued income
-€911
Trade debts
+€735
Tax, wage and social debts
+€3,206
Other debts
+€12,393
Accrued charges and deferred income
+€24
Investment (derived)
-€37,652
Investment in fixed assets (net)
-€37,652
Financing
+€29,798
Debts after one year
+€23,895
Current portion of long-term debt
+€5,914
Short-term financial debts
-€11
Cash 2025
€891
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,491,728 | €1,526,935 | +€35,207 | +2.4% |
| Fixed assets | 21/28 | €1,488,037 | €1,506,417 | +€18,381 | +1.2% |
| Tangible fixed assets | 22/27 | €1,488,037 | €1,506,417 | +€18,381 | +1.2% |
| Land and buildings | 22 | €1,387,523 | €1,381,285 | -€6,238 | -0.4% |
| Other tangible fixed assets | 26 | €100,513 | €125,133 | +€24,619 | +24.5% |
| Current assets | 29/58 | €3,692 | €20,517 | +€16,826 | +456% |
| Amounts receivable within one year | 40/41 | €2,062 | €18,055 | +€15,993 | +775% |
| Trade receivables | 40 | - | €17,361 | +€17,361 | |
| Other amounts receivable | 41 | €2,062 | €694 | -€1,368 | -66.4% |
| Cash at bank and in hand | 54/58 | €969 | €891 | -€78 | -8.1% |
| Deferred charges and accrued income | 490/1 | €660 | €1,572 | +€911 | +138% |
| Total equity and liabilities | 10/49 | €1,491,728 | €1,526,935 | +€35,207 | +2.4% |
| Equity | 10/15 | €1,332,063 | €1,321,114 | -€10,949 | -0.8% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Capital | 10 | €81,000 | €81,000 | = | 0.0% |
| Issued capital | 100 | €81,000 | €81,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,308,680 | €1,308,680 | = | 0.0% |
| Reserves | 13 | €8,100 | €8,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Legal reserve | 130 | €8,100 | €8,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,717 | -€76,665 | -€10,949 | -16.7% |
| Amounts payable | 17/49 | €159,665 | €205,821 | +€46,156 | +28.9% |
| Amounts payable after more than one year | 17 | €107,450 | €131,345 | +€23,895 | +22.2% |
| Financial debts | 170/4 | €107,450 | €131,345 | +€23,895 | +22.2% |
| Amounts payable within one year | 42/48 | €52,092 | €74,329 | +€22,237 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €11,240 | €17,154 | +€5,914 | +52.6% |
| Financial debts | 43 | €11 | - | -€11 | |
| Credit institutions | 430/8 | €11 | - | -€11 | |
| Trade debts | 44 | €9,743 | €10,478 | +€735 | +7.5% |
| Suppliers | 440/4 | €9,743 | €10,478 | +€735 | +7.5% |
| Taxes, remuneration and social security | 45 | - | €3,206 | +€3,206 | |
| Taxes | 450/3 | - | €3,206 | +€3,206 | |
| Other amounts payable | 47/48 | €31,097 | €43,491 | +€12,393 | +39.9% |
| Accrued charges and deferred income | 492/3 | €123 | €146 | +€24 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,437 | €19,271 | -€166 | -0.9% |
| Other operating charges | 640/8 | €2,825 | €2,913 | +€88 | +3.1% |
| Gross operating margin | 9900 | €1,406 | €17,721 | +€16,315 | +1,161% |
| Operating profit (loss) | 9901 | -€20,856 | -€4,463 | +€16,393 | +78.6% |
| Financial income | 75/76B | €13 | €2 | -€12 | -87.5% |
| Recurring financial income | 75 | €13 | €2 | -€12 | -87.5% |
| Financial charges | 65/66B | €5,902 | €6,487 | +€585 | +9.9% |
| Recurring financial charges | 65 | €5,902 | €6,487 | +€585 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,745 | -€10,949 | +€15,796 | +59.1% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€26,745 | -€10,949 | +€15,796 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,745 | -€10,949 | +€15,796 | +59.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.