IMMOMAT: 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
IMMOMAT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€754,617
2024 · €6.7m-€6.0m
Equity
€8.3m
2024 · €8.4m-€145,383
Cash
€80,415
2024 · €81,696-€1,281
Balance sheet total
€14.3m
2024 · €17.4m-€3.1m
Largest movements
Assets
- Receivables within one year -€3.5m
down €3.5m (-47.2%), from €7.4m to €3.9m
of which Other amounts receivable: -€3.2m
- Receivables after one year +€299,313
up €299,313 (+12.0%), from €2.5m to €2.8m
Equity and liabilities
- Other debts -€2.5m
down €2.5m (-73.4%), from €3.4m to €900,000
- Debts after one year -€386,290
down €386,290 (-9.1%), from €4.2m to €3.8m
Income statement
- Financial income -€6.4m
down €6.4m (-92.8%), from €6.9m to €501,600
of which Non-recurring financial income: -€6.7m
- Financial charges -€436,457
down €436,457 (-74.5%), from €585,648 to €149,191
- Gross operating margin +€19,633
up €19,633 (+2.8%), from €702,273 to €721,906
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
€6.7m
Gross operating margin
+€19,633
Depreciation
-€1,035
Other operating charges
-€8
Financial income
-€6.4m
Financial charges
+€436,457
Taxes
-€1,071
Result 2025
€754,617
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
+€1.6m
Investment
-€278,441
Financing
-€1.3m
Cash 2024
€81,696
From operations (derived)
+€1.6m
Net result for the year
+€754,617
Depreciation
+€339,302
Receivables after one year
-€299,313
Receivables within one year
+€3.5m
Deferred charges and accrued income
-€142,583
Provisions
-€56,463
Trade debts
+€18,955
Tax, wage and social debts
+€8,617
Other debts
-€2.5m
Investment (derived)
-€278,441
Investment in fixed assets (net)
-€280,000
Current investments
+€1,559
Financing
-€1.3m
Debts after one year
-€386,290
Short-term financial debts
-€60,126
Contributions, distributions and other
-€900,000
Cash 2025
€80,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,432,115 | €14,331,427 | -€3.1m | -17.8% |
| Fixed assets | 21/28 | €6,786,567 | €6,727,266 | -€59,302 | -0.9% |
| Tangible fixed assets | 22/27 | €6,786,567 | €6,727,266 | -€59,302 | -0.9% |
| Land and buildings | 22 | €6,786,567 | €6,727,266 | -€59,302 | -0.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €10,645,548 | €7,604,162 | -€3.0m | -28.6% |
| Amounts receivable after more than one year | 29 | €2,500,000 | €2,799,313 | +€299,313 | +12.0% |
| Other amounts receivable | 291 | €2,500,000 | €2,799,313 | +€299,313 | +12.0% |
| Amounts receivable within one year | 40/41 | €7,368,561 | €3,888,119 | -€3.5m | -47.2% |
| Trade receivables | 40 | €377,933 | €113,227 | -€264,706 | -70.0% |
| Other amounts receivable | 41 | €6,990,629 | €3,774,892 | -€3.2m | -46.0% |
| Current investments | 50/53 | €1,559 | - | -€1,559 | |
| Cash at bank and in hand | 54/58 | €81,696 | €80,415 | -€1,281 | -1.6% |
| Deferred charges and accrued income | 490/1 | €693,732 | €836,315 | +€142,583 | +20.6% |
| Total equity and liabilities | 10/49 | €17,432,115 | €14,331,427 | -€3.1m | -17.8% |
| Equity | 10/15 | €8,437,377 | €8,291,995 | -€145,383 | -1.7% |
| Contributions | 10/11 | €4,420,198 | €4,420,198 | = | 0.0% |
| Capital | 10 | €4,420,198 | €4,420,198 | = | 0.0% |
| Issued capital | 100 | €4,420,198 | €4,420,198 | = | 0.0% |
| Revaluation surpluses | 12 | €1,247,243 | €1,247,243 | = | 0.0% |
| Reserves | 13 | €2,745,472 | €2,622,284 | -€123,188 | -4.5% |
| Non-distributable reserves | 130/1 | €157,616 | €203,817 | +€46,200 | +29.3% |
| Legal reserve | 130 | €157,616 | €203,817 | +€46,200 | +29.3% |
| Tax-exempt reserves | 132 | €2,587,856 | €2,418,468 | -€169,388 | -6.5% |
| Profit (loss) carried forward | 14 | €24,464 | €2,269 | -€22,194 | -90.7% |
| Provisions and deferred taxes | 16 | €862,619 | €806,156 | -€56,463 | -6.5% |
| Deferred taxes | 168 | €862,619 | €806,156 | -€56,463 | -6.5% |
| Amounts payable | 17/49 | €8,132,119 | €5,233,277 | -€2.9m | -35.6% |
| Amounts payable after more than one year | 17 | €4,230,576 | €3,844,287 | -€386,290 | -9.1% |
| Financial debts | 170/4 | €4,230,576 | €3,844,287 | -€386,290 | -9.1% |
| Amounts payable within one year | 42/48 | €3,901,543 | €1,388,990 | -€2.5m | -64.4% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €446,415 | €386,290 | -€60,126 | -13.5% |
| Credit institutions | 430/8 | €446,415 | €386,290 | -€60,126 | -13.5% |
| Trade debts | 44 | €39,560 | €58,515 | +€18,955 | +47.9% |
| Suppliers | 440/4 | €39,560 | €58,515 | +€18,955 | +47.9% |
| Taxes, remuneration and social security | 45 | €35,568 | €44,185 | +€8,617 | +24.2% |
| Taxes | 450/3 | €35,568 | €44,185 | +€8,617 | +24.2% |
| Other amounts payable | 47/48 | €3,380,000 | €900,000 | -€2.5m | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,267 | €339,302 | +€1,035 | +0.3% |
| Other operating charges | 640/8 | €35,780 | €35,788 | +€8 | 0.0% |
| Gross operating margin | 9900 | €702,273 | €721,906 | +€19,633 | +2.8% |
| Operating profit (loss) | 9901 | €328,226 | €346,816 | +€18,591 | +5.7% |
| Financial income | 75/76B | €6,946,017 | €501,600 | -€6.4m | -92.8% |
| Recurring financial income | 75 | €278,394 | €501,600 | +€223,206 | +80.2% |
| Non-recurring financial income | 76B | €6,667,623 | - | -€6.7m | |
| Financial charges | 65/66B | €585,648 | €149,191 | -€436,457 | -74.5% |
| Recurring financial charges | 65 | €585,648 | €149,191 | -€436,457 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €6,688,595 | €699,226 | -€6.0m | -89.5% |
| Transfer from deferred taxes | 780 | €56,463 | €56,463 | = | 0.0% |
| Income taxes | 67/77 | - | €1,071 | +€1,071 | |
| Profit (loss) for the period | 9904 | €6,745,058 | €754,617 | -€6.0m | -88.8% |
| Transfer from tax-exempt reserves | 789 | €169,388 | €169,388 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,914,446 | €924,006 | -€6.0m | -86.6% |
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 18 October 2026 via checked.be.