IMMONESCO: 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.
IMMONESCO
Largest movements
- Tangible fixed assets -€18,530
down €18,530 (-2.9%), from €633,378 to €614,848
- Debts after one year -€20,912
down €20,912 (-21.6%), from €97,020 to €76,108
of which Financial debts: -€20,912
- Reserves +€7,786
up €7,786 (+2.6%), from €298,596 to €306,382
of which Distributable reserves: +€9,325
- Gross operating margin +€892
up €892 (+2.3%), from €39,017 to €39,909
- Depreciation -€888
down €888 (-4.6%), from €19,418 to €18,530
- Other operating charges +€872
up €872 (+25.9%), from €3,362 to €4,235
- Financial charges -€736
down €736 (-12.1%), from €6,100 to €5,365
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 | €650,616 | €638,815 | -€11,801 | -1.8% |
| Fixed assets | 21/28 | €633,378 | €614,848 | -€18,530 | -2.9% |
| Tangible fixed assets | 22/27 | €633,378 | €614,848 | -€18,530 | -2.9% |
| Land and buildings | 22 | €633,378 | €614,848 | -€18,530 | -2.9% |
| Current assets | 29/58 | €17,238 | €23,966 | +€6,729 | +39.0% |
| Amounts receivable within one year | 40/41 | - | €14 | +€14 | |
| Trade receivables | 40 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €15,605 | €20,948 | +€5,342 | +34.2% |
| Deferred charges and accrued income | 490/1 | €1,632 | €3,005 | +€1,372 | +84.1% |
| Total equity and liabilities | 10/49 | €650,616 | €638,815 | -€11,801 | -1.8% |
| Equity | 10/15 | €502,053 | €509,839 | +€7,786 | +1.6% |
| Contributions | 10/11 | €203,457 | €203,457 | = | 0.0% |
| Reserves | 13 | €298,596 | €306,382 | +€7,786 | +2.6% |
| Tax-exempt reserves | 132 | €12,990 | €11,450 | -€1,540 | -11.9% |
| Distributable reserves | 133 | €285,606 | €294,932 | +€9,325 | +3.3% |
| Provisions and deferred taxes | 16 | €4,330 | €3,817 | -€513 | -11.9% |
| Deferred taxes | 168 | €4,330 | €3,817 | -€513 | -11.9% |
| Amounts payable | 17/49 | €144,233 | €125,159 | -€19,074 | -13.2% |
| Amounts payable after more than one year | 17 | €97,020 | €76,108 | -€20,912 | -21.6% |
| Financial debts | 170/4 | €95,235 | €74,323 | -€20,912 | -22.0% |
| Other amounts payable | 178/9 | €1,785 | €1,785 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,624 | €47,299 | +€2,675 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €20,134 | €20,912 | +€777 | +3.9% |
| Trade debts | 44 | €908 | - | -€908 | |
| Suppliers | 440/4 | €908 | - | -€908 | |
| Taxes, remuneration and social security | 45 | €3,208 | €2,880 | -€328 | -10.2% |
| Taxes | 450/3 | €3,208 | €2,880 | -€328 | -10.2% |
| Other amounts payable | 47/48 | €20,374 | €23,508 | +€3,133 | +15.4% |
| Accrued charges and deferred income | 492/3 | €2,589 | €1,752 | -€837 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,418 | €18,530 | -€888 | -4.6% |
| Other operating charges | 640/8 | €3,362 | €4,235 | +€872 | +25.9% |
| Gross operating margin | 9900 | €39,017 | €39,909 | +€892 | +2.3% |
| Operating profit (loss) | 9901 | €16,237 | €17,144 | +€908 | +5.6% |
| Financial charges | 65/66B | €6,100 | €5,365 | -€736 | -12.1% |
| Recurring financial charges | 65 | €6,100 | €5,365 | -€736 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €10,136 | €11,779 | +€1,643 | +16.2% |
| Transfer from deferred taxes | 780 | €717 | €513 | -€203 | -28.4% |
| Income taxes | 67/77 | €4,373 | €4,507 | +€134 | +3.1% |
| Profit (loss) for the period | 9904 | €6,480 | €7,786 | +€1,306 | +20.2% |
| Transfer from tax-exempt reserves | 789 | €2,150 | €1,540 | -€610 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,630 | €9,325 | +€696 | +8.1% |
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 17 October 2026 via checked.be.