IMMOMART: 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.
IMMOMART
Largest movements
- Receivables within one year +€28,283
new in 2025: €28,283
- Tangible fixed assets -€20,725
down €20,725 (-2.4%), from €871,197 to €850,472
of which Land and buildings: -€18,916
- Other debts +€333,102
up €333,102 (+177%), from €187,792 to €520,895
- Reserves -€281,551
down €281,551 (-45.1%), from €624,625 to €343,073
of which Distributable reserves: -€281,607
- Tax, wage and social debts -€37,554
down €37,554 (-71.1%), from €52,847 to €15,293
- Current portion of long-term debt -€15,808
down €15,808 (-100%), from €15,808 to €0
- Short-term financial debts +€10,094
new in 2025: €10,094
- Other operating charges -€29,005
down €29,005 (-91.9%), from €31,547 to €2,542
- Gross operating margin +€19,427
up €19,427 (+12.0%), from €162,510 to €181,938
- Financial income -€18,901
down €18,901 (-100.0%), from €18,909 to €8
- Taxes +€8,070
up €8,070 (+21.7%), from €37,222 to €45,293
- Depreciation +€3,830
up €3,830 (+11.6%), from €32,988 to €36,818
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 | €951,956 | €965,593 | +€13,636 | +1.4% |
| Fixed assets | 21/28 | €876,664 | €855,939 | -€20,725 | -2.4% |
| Tangible fixed assets | 22/27 | €871,197 | €850,472 | -€20,725 | -2.4% |
| Land and buildings | 22 | €849,002 | €830,086 | -€18,916 | -2.2% |
| Plant, machinery and equipment | 23 | €4,188 | €1,993 | -€2,195 | -52.4% |
| Furniture and vehicles | 24 | €18,006 | €18,392 | +€386 | +2.1% |
| Financial fixed assets | 28 | €5,467 | €5,467 | = | 0.0% |
| Current assets | 29/58 | €75,292 | €109,654 | +€34,362 | +45.6% |
| Amounts receivable within one year | 40/41 | - | €28,283 | +€28,283 | |
| Other amounts receivable | 41 | - | €28,283 | +€28,283 | |
| Current investments | 50/53 | €67,970 | €67,970 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,322 | €11,282 | +€3,960 | +54.1% |
| Deferred charges and accrued income | 490/1 | - | €2,118 | +€2,118 | |
| Total equity and liabilities | 10/49 | €951,956 | €965,593 | +€13,636 | +1.4% |
| Equity | 10/15 | €694,644 | €413,073 | -€281,571 | -40.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €624,625 | €343,073 | -€281,551 | -45.1% |
| Non-distributable reserves | 130/1 | €6,945 | €7,000 | +€55 | +0.8% |
| Legal reserve | 130 | €6,945 | €7,000 | +€55 | +0.8% |
| Distributable reserves | 133 | €617,680 | €336,073 | -€281,607 | -45.6% |
| Profit (loss) carried forward | 14 | €20 | €0 | -€20 | -100% |
| Amounts payable | 17/49 | €257,312 | €552,520 | +€295,208 | +115% |
| Amounts payable after more than one year | 17 | €599 | €150 | -€449 | -74.9% |
| Financial debts | 170/4 | €599 | €0 | -€599 | -100% |
| Other amounts payable | 178/9 | - | €150 | +€150 | |
| Amounts payable within one year | 42/48 | €256,713 | €552,370 | +€295,656 | +115% |
| Current portion of amounts payable after more than one year | 42 | €15,808 | €0 | -€15,808 | -100% |
| Financial debts | 43 | - | €10,094 | +€10,094 | |
| Credit institutions | 430/8 | - | €10,094 | +€10,094 | |
| Trade debts | 44 | €266 | €6,088 | +€5,823 | +2,189% |
| Suppliers | 440/4 | €266 | €6,088 | +€5,823 | +2,189% |
| Taxes, remuneration and social security | 45 | €52,847 | €15,293 | -€37,554 | -71.1% |
| Taxes | 450/3 | €52,847 | €15,293 | -€37,554 | -71.1% |
| Other amounts payable | 47/48 | €187,792 | €520,895 | +€333,102 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,988 | €36,818 | +€3,830 | +11.6% |
| Other operating charges | 640/8 | €31,547 | €2,542 | -€29,005 | -91.9% |
| Gross operating margin | 9900 | €162,510 | €181,938 | +€19,427 | +12.0% |
| Operating profit (loss) | 9901 | €97,976 | €142,578 | +€44,602 | +45.5% |
| Financial income | 75/76B | €18,909 | €8 | -€18,901 | -100.0% |
| Recurring financial income | 75 | €18,909 | €8 | -€18,901 | -100.0% |
| Financial charges | 65/66B | €2,054 | €608 | -€1,445 | -70.4% |
| Recurring financial charges | 65 | €2,054 | €608 | -€1,445 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €114,831 | €141,977 | +€27,146 | +23.6% |
| Income taxes | 67/77 | €37,222 | €45,293 | +€8,070 | +21.7% |
| Profit (loss) for the period | 9904 | €77,608 | €96,684 | +€19,076 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,608 | €96,684 | +€19,076 | +24.6% |
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 28 October 2026 via checked.be.