IMMOMAPI: 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.
What changed
IMMOMAPI
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€55,416
2023 · -€25,452-€29,964
Equity
€323,206
2023 · €378,622-€55,416
Cash
€7,067
2023 · €28,738-€21,671
Balance sheet total
€2.8m
2023 · €2.8m-€29,997
Largest movements
Assets
- Tangible fixed assets -€59,845
down €59,845 (-3.0%), from €2.0m to €1.9m
of which Land and buildings: -€69,761
- Stocks and contracts +€48,576
up €48,576 (+6.6%), from €734,174 to €782,750
Equity and liabilities
- Debts after one year +€218,965
up €218,965 (+17.2%), from €1.3m to €1.5m
- Other debts -€157,409
down €157,409 (-25.6%), from €615,616 to €458,208
- Current portion of long-term debt +€38,100
up €38,100 (+33.1%), from €115,076 to €153,176
- Profit (loss) carried forward -€29,867
down €29,867 (-81.7%), from €36,558 to €6,691
Income statement
- Gross operating margin -€26,039
down €26,039 (-6.5%), from €400,484 to €374,444
- Staff costs +€15,314
up €15,314 (+10.5%), from €145,798 to €161,112
- Depreciation -€9,135
down €9,135 (-5.0%), from €183,444 to €174,309
From the 2023 result to the 2024 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 2023
-€25,452
Gross operating margin
-€26,039
Staff costs
-€15,314
Depreciation
+€9,135
Other operating charges
+€2,980
Financial income
-€66
Financial charges
+€3,274
Taxes
-€3,817
Deferred taxes and other
-€116
Result 2024
-€55,416
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€139,272
Investment
-€114,464
Financing
+€232,065
Cash 2023
€28,738
From operations (derived)
-€139,272
Net result for the year
-€55,416
Depreciation
+€174,309
Stocks and contracts
-€48,576
Receivables within one year
-€2,131
Deferred charges and accrued income
-€812
Provisions
-€8,506
Trade debts
-€24,696
Tax, wage and social debts
+€2,153
Other debts
-€157,409
Accrued charges and deferred income
-€18,188
Investment (derived)
-€114,464
Investment in fixed assets (net)
-€114,464
Financing
+€232,065
Debts after one year
+€218,965
Current portion of long-term debt
+€38,100
Short-term financial debts
-€25,000
Cash 2024
€7,067
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,791,075 | €2,761,078 | -€29,997 | -1.1% |
| Fixed assets | 21/28 | €1,992,842 | €1,932,997 | -€59,845 | -3.0% |
| Tangible fixed assets | 22/27 | €1,992,095 | €1,932,250 | -€59,845 | -3.0% |
| Land and buildings | 22 | €1,970,471 | €1,900,709 | -€69,761 | -3.5% |
| Plant, machinery and equipment | 23 | €5,315 | €12,203 | +€6,888 | +129.6% |
| Furniture and vehicles | 24 | €16,310 | €19,338 | +€3,028 | +18.6% |
| Financial fixed assets | 28 | €746 | €746 | = | 0.0% |
| Current assets | 29/58 | €798,233 | €828,081 | +€29,848 | +3.7% |
| Stocks and contracts in progress | 3 | €734,174 | €782,750 | +€48,576 | +6.6% |
| Stocks | 30/36 | €734,174 | €782,750 | +€48,576 | +6.6% |
| Amounts receivable within one year | 40/41 | €26,427 | €28,558 | +€2,131 | +8.1% |
| Trade receivables | 40 | €21,878 | €28,058 | +€6,180 | +28.2% |
| Other amounts receivable | 41 | €4,549 | €500 | -€4,049 | -89.0% |
| Cash at bank and in hand | 54/58 | €28,738 | €7,067 | -€21,671 | -75.4% |
| Deferred charges and accrued income | 490/1 | €8,894 | €9,706 | +€812 | +9.1% |
| Total equity and liabilities | 10/49 | €2,791,075 | €2,761,078 | -€29,997 | -1.1% |
| Equity | 10/15 | €378,622 | €323,206 | -€55,416 | -14.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €323,514 | €297,965 | -€25,549 | -7.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €321,659 | €296,110 | -€25,549 | -7.9% |
| Profit (loss) carried forward | 14 | €36,558 | €6,691 | -€29,867 | -81.7% |
| Provisions and deferred taxes | 16 | €107,087 | €98,581 | -€8,506 | -7.9% |
| Deferred taxes | 168 | €107,087 | €98,581 | -€8,506 | -7.9% |
| Amounts payable | 17/49 | €2,305,365 | €2,339,291 | +€33,926 | +1.5% |
| Amounts payable after more than one year | 17 | €1,272,053 | €1,491,018 | +€218,965 | +17.2% |
| Financial debts | 170/4 | €1,272,053 | €1,491,018 | +€218,965 | +17.2% |
| Amounts payable within one year | 42/48 | €979,125 | €812,273 | -€166,852 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €115,076 | €153,176 | +€38,100 | +33.1% |
| Financial debts | 43 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Credit institutions | 430/8 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Trade debts | 44 | €121,282 | €96,585 | -€24,696 | -20.4% |
| Suppliers | 440/4 | €121,282 | €96,585 | -€24,696 | -20.4% |
| Taxes, remuneration and social security | 45 | €2,151 | €4,304 | +€2,153 | +100.1% |
| Taxes | 450/3 | €273 | €8 | -€265 | -97.2% |
| Remuneration and social security | 454/9 | €1,879 | €4,297 | +€2,418 | +128.7% |
| Other amounts payable | 47/48 | €615,616 | €458,208 | -€157,409 | -25.6% |
| Accrued charges and deferred income | 492/3 | €54,188 | €36,000 | -€18,188 | -33.6% |
| Remuneration, social security and pensions | 62 | €145,798 | €161,112 | +€15,314 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,444 | €174,309 | -€9,135 | -5.0% |
| Other operating charges | 640/8 | €44,653 | €41,673 | -€2,980 | -6.7% |
| Gross operating margin | 9900 | €400,484 | €374,444 | -€26,039 | -6.5% |
| Operating profit (loss) | 9901 | €26,590 | -€2,650 | -€29,239 | |
| Financial income | 75/76B | €107 | €41 | -€66 | -62.0% |
| Recurring financial income | 75 | €107 | €41 | -€66 | -62.0% |
| Financial charges | 65/66B | €64,588 | €61,314 | -€3,274 | -5.1% |
| Recurring financial charges | 65 | €64,588 | €61,314 | -€3,274 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,891 | -€63,922 | -€26,031 | -68.7% |
| Transfer from deferred taxes | 780 | €8,622 | €8,506 | -€116 | -1.3% |
| Income taxes | 67/77 | -€3,817 | - | +€3,817 | |
| Profit (loss) for the period | 9904 | -€25,452 | -€55,416 | -€29,964 | -117.7% |
| Transfer from tax-exempt reserves | 789 | €25,899 | €25,549 | -€349 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €447 | -€29,867 | -€30,314 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.