IMMOortgat: 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.
IMMOortgat
Largest movements
- Current investments -€1.9m
down €1.9m (-73.6%), from €2.5m to €670,992
- Tangible fixed assets -€100,825
down €100,825 (-10.6%), from €948,349 to €847,524
- Cash -€50,283
down €50,283 (-25.8%), from €195,018 to €144,735
mainly Other debts (-€2.2m) and Receivables within one year (-€6,919)
- Other debts -€2.2m
down €2.2m (-64.0%), from €3.4m to €1.2m
- Profit (loss) carried forward +€103,371
up €103,371, from -€69,310 to €34,062
- Gross operating margin +€170,610
up €170,610, from -€9,203 to €161,407
- Financial charges +€54,981
up €54,981, from -€49,730 to €5,251
- Financial income -€48,828
down €48,828 (-79.3%), from €61,607 to €12,779
- Taxes +€18,687
new in 2025: €18,687
- Depreciation -€3,367
down €3,367 (-10.9%), from €30,842 to €27,475
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.
Cash bridge derived
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 | €3,727,990 | €1,711,904 | -€2.0m | -54.1% |
| Fixed assets | 21/28 | €948,349 | €847,524 | -€100,825 | -10.6% |
| Tangible fixed assets | 22/27 | €948,349 | €847,524 | -€100,825 | -10.6% |
| Land and buildings | 22 | €948,349 | €847,524 | -€100,825 | -10.6% |
| Current assets | 29/58 | €2,779,641 | €864,380 | -€1.9m | -68.9% |
| Amounts receivable within one year | 40/41 | €32,648 | €39,567 | +€6,919 | +21.2% |
| Trade receivables | 40 | €7,426 | €21,085 | +€13,659 | +183.9% |
| Other amounts receivable | 41 | €25,222 | €18,482 | -€6,740 | -26.7% |
| Current investments | 50/53 | €2,542,228 | €670,992 | -€1.9m | -73.6% |
| Cash at bank and in hand | 54/58 | €195,018 | €144,735 | -€50,283 | -25.8% |
| Deferred charges and accrued income | 490/1 | €9,747 | €9,086 | -€661 | -6.8% |
| Total equity and liabilities | 10/49 | €3,727,990 | €1,711,904 | -€2.0m | -54.1% |
| Equity | 10/15 | €335,690 | €439,062 | +€103,371 | +30.8% |
| Contributions | 10/11 | €405,000 | €405,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,310 | €34,062 | +€103,371 | |
| Amounts payable | 17/49 | €3,392,300 | €1,272,843 | -€2.1m | -62.5% |
| Amounts payable within one year | 42/48 | €3,389,303 | €1,247,449 | -€2.1m | -63.2% |
| Trade debts | 44 | €9,266 | €13,561 | +€4,296 | +46.4% |
| Suppliers | 440/4 | €9,266 | €13,561 | +€4,296 | +46.4% |
| Taxes, remuneration and social security | 45 | - | €15,431 | +€15,431 | |
| Taxes | 450/3 | - | €15,431 | +€15,431 | |
| Other amounts payable | 47/48 | €3,380,038 | €1,218,457 | -€2.2m | -64.0% |
| Accrued charges and deferred income | 492/3 | €2,997 | €25,394 | +€22,397 | +747.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,842 | €27,475 | -€3,367 | -10.9% |
| Other operating charges | 640/8 | €22,311 | €19,403 | -€2,909 | -13.0% |
| Gross operating margin | 9900 | -€9,203 | €161,407 | +€170,610 | |
| Operating profit (loss) | 9901 | -€62,356 | €114,529 | +€176,885 | |
| Financial income | 75/76B | €61,607 | €12,779 | -€48,828 | -79.3% |
| Recurring financial income | 75 | €61,607 | €12,779 | -€48,828 | -79.3% |
| Financial charges | 65/66B | -€49,730 | €5,251 | +€54,981 | |
| Recurring financial charges | 65 | -€49,730 | €5,251 | +€54,981 | |
| Profit (loss) for the period before taxes | 9903 | €48,982 | €122,058 | +€73,077 | +149.2% |
| Income taxes | 67/77 | - | €18,687 | +€18,687 | |
| Profit (loss) for the period | 9904 | €48,982 | €103,371 | +€54,390 | +111.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,982 | €103,371 | +€54,390 | +111.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.