IMMOMAR: 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.
IMMOMAR
Largest movements
- Current investments +€250,000
up €250,000 (+100%), from €250,000 to €500,000
- Cash -€104,206
down €104,206 (-59.6%), from €174,957 to €70,751
mainly Current investments (-€250,000) and Debts after one year (-€49,080)
- Tangible fixed assets -€29,768
down €29,768 (-3.0%), from €1.0m to €975,468
- Trade debts +€129,003
new in 2025: €129,003
- Reserves +€66,967
up €66,967 (+4.6%), from €1.5m to €1.5m
of which Distributable reserves: +€66,967
- Debts after one year -€49,080
down €49,080 (-17.4%), from €282,210 to €233,130
- Other operating charges +€131,912
up €131,912 (+1,873%), from €7,042 to €138,954
- Taxes -€29,894
down €29,894 (-60.2%), from €49,661 to €19,768
- Gross operating margin +€12,202
up €12,202 (+5.1%), from €237,909 to €250,111
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 | €2,167,028 | €2,304,257 | +€137,229 | +6.3% |
| Fixed assets | 21/28 | €1,741,436 | €1,711,668 | -€29,768 | -1.7% |
| Tangible fixed assets | 22/27 | €1,005,236 | €975,468 | -€29,768 | -3.0% |
| Land and buildings | 22 | €1,005,236 | €975,468 | -€29,768 | -3.0% |
| Financial fixed assets | 28 | €736,200 | €736,200 | = | 0.0% |
| Current assets | 29/58 | €425,592 | €592,588 | +€166,997 | +39.2% |
| Amounts receivable within one year | 40/41 | - | €20,232 | +€20,232 | |
| Other amounts receivable | 41 | - | €20,232 | +€20,232 | |
| Current investments | 50/53 | €250,000 | €500,000 | +€250,000 | +100% |
| Cash at bank and in hand | 54/58 | €174,957 | €70,751 | -€104,206 | -59.6% |
| Deferred charges and accrued income | 490/1 | €634 | €1,605 | +€971 | +153% |
| Total equity and liabilities | 10/49 | €2,167,028 | €2,304,257 | +€137,229 | +6.3% |
| Equity | 10/15 | €1,790,685 | €1,857,652 | +€66,967 | +3.7% |
| Contributions | 10/11 | €339,716 | €339,716 | = | 0.0% |
| Capital | 10 | €339,716 | €339,716 | = | 0.0% |
| Issued capital | 100 | €339,716 | €339,716 | = | 0.0% |
| Reserves | 13 | €1,450,969 | €1,517,936 | +€66,967 | +4.6% |
| Non-distributable reserves | 130/1 | €34,137 | €34,137 | = | 0.0% |
| Legal reserve | 130 | €33,972 | €33,972 | = | 0.0% |
| Reserves not available under the articles | 1311 | €166 | €166 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,574 | €93,574 | = | 0.0% |
| Distributable reserves | 133 | €1,323,258 | €1,390,225 | +€66,967 | +5.1% |
| Provisions and deferred taxes | 16 | €31,191 | €31,191 | = | 0.0% |
| Deferred taxes | 168 | €31,191 | €31,191 | = | 0.0% |
| Amounts payable | 17/49 | €345,151 | €415,413 | +€70,262 | +20.4% |
| Amounts payable after more than one year | 17 | €282,210 | €233,130 | -€49,080 | -17.4% |
| Financial debts | 170/4 | €282,210 | €233,130 | -€49,080 | -17.4% |
| Amounts payable within one year | 42/48 | €62,941 | €182,283 | +€119,342 | +190% |
| Current portion of amounts payable after more than one year | 42 | €49,080 | €49,080 | = | 0.0% |
| Trade debts | 44 | - | €129,003 | +€129,003 | |
| Suppliers | 440/4 | - | €129,003 | +€129,003 | |
| Taxes, remuneration and social security | 45 | €9,661 | - | -€9,661 | |
| Taxes | 450/3 | €9,661 | - | -€9,661 | |
| Other amounts payable | 47/48 | €4,200 | €4,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,768 | €29,768 | = | 0.0% |
| Other operating charges | 640/8 | €7,042 | €138,954 | +€131,912 | +1,873% |
| Gross operating margin | 9900 | €237,909 | €250,111 | +€12,202 | +5.1% |
| Operating profit (loss) | 9901 | €201,099 | €81,389 | -€119,710 | -59.5% |
| Financial income | 75/76B | €6,538 | €5,961 | -€577 | -8.8% |
| Recurring financial income | 75 | €6,538 | €5,961 | -€577 | -8.8% |
| Financial charges | 65/66B | €585 | €615 | +€30 | +5.1% |
| Recurring financial charges | 65 | €585 | €615 | +€30 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €207,052 | €86,734 | -€120,317 | -58.1% |
| Income taxes | 67/77 | €49,661 | €19,768 | -€29,894 | -60.2% |
| Profit (loss) for the period | 9904 | €157,390 | €66,967 | -€90,424 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €157,390 | €66,967 | -€90,424 | -57.5% |
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 13 October 2026 via checked.be.