IMMOP: 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.
IMMOP
Largest movements
- Cash +€42,281
up €42,281 (+2,059%), from €2,053 to €44,334
mainly Net result for the year (+€25,852) and Depreciation (+€19,595)
- Tangible fixed assets -€19,595
down €19,595 (-3.8%), from €518,932 to €499,337
of which Land and buildings: -€19,206
- Reserves +€25,852
up €25,852 (+1.5%), from €1.7m to €1.7m
of which Distributable reserves: +€25,852
- Gross operating margin -€21,589
down €21,589 (-24.0%), from €89,858 to €68,269
- Depreciation -€17,000
down €17,000 (-46.5%), from €36,595 to €19,595
- Taxes -€6,314
down €6,314 (-36.6%), from €17,260 to €10,946
- Financial income -€1,051
down €1,051 (-99.3%), from €1,058 to €7
of which Financial income: -€1,051
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 | €1,809,328 | €1,834,917 | +€25,589 | +1.4% |
| Fixed assets | 21/28 | €518,932 | €499,337 | -€19,595 | -3.8% |
| Tangible fixed assets | 22/27 | €518,932 | €499,337 | -€19,595 | -3.8% |
| Land and buildings | 22 | €518,218 | €499,012 | -€19,206 | -3.7% |
| Other tangible fixed assets | 26 | €714 | €325 | -€389 | -54.5% |
| Current assets | 29/58 | €1,290,396 | €1,335,580 | +€45,184 | +3.5% |
| Amounts receivable within one year | 40/41 | €1,252,149 | €1,255,052 | +€2,903 | +0.2% |
| Trade receivables | 40 | €2,149 | €5,052 | +€2,903 | +135% |
| Other amounts receivable | 41 | €1,250,000 | €1,250,000 | = | 0.0% |
| Current investments | 50/53 | €36,194 | €36,194 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,053 | €44,334 | +€42,281 | +2,059% |
| Total equity and liabilities | 10/49 | €1,809,328 | €1,834,917 | +€25,589 | +1.4% |
| Equity | 10/15 | €1,747,515 | €1,773,367 | +€25,852 | +1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,686,015 | €1,711,867 | +€25,852 | +1.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,901 | €4,901 | = | 0.0% |
| Distributable reserves | 133 | €1,656,114 | €1,681,966 | +€25,852 | +1.6% |
| Provisions and deferred taxes | 16 | €20,925 | €20,925 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,000 | €20,000 | = | 0.0% |
| Deferred taxes | 168 | €925 | €925 | = | 0.0% |
| Amounts payable | 17/49 | €40,888 | €40,625 | -€263 | -0.6% |
| Amounts payable after more than one year | 17 | €21,555 | €21,745 | +€190 | +0.9% |
| Other amounts payable | 178/9 | €21,555 | €21,745 | +€190 | +0.9% |
| Amounts payable within one year | 42/48 | €19,333 | €18,880 | -€453 | -2.3% |
| Trade debts | 44 | €14,488 | €12,384 | -€2,104 | -14.5% |
| Suppliers | 440/4 | €14,488 | €12,384 | -€2,104 | -14.5% |
| Advances received on contracts in progress | 46 | €4,030 | €3,221 | -€809 | -20.1% |
| Taxes, remuneration and social security | 45 | €815 | €3,275 | +€2,460 | +302% |
| Taxes | 450/3 | €815 | €3,275 | +€2,460 | +302% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,595 | €19,595 | -€17,000 | -46.5% |
| Other operating charges | 640/8 | €11,527 | €11,883 | +€356 | +3.1% |
| Gross operating margin | 9900 | €89,858 | €68,269 | -€21,589 | -24.0% |
| Operating profit (loss) | 9901 | €41,736 | €36,791 | -€4,945 | -11.8% |
| Financial income | 75/76B | €1,058 | €7 | -€1,051 | -99.3% |
| Recurring financial income | 75 | €1,058 | €7 | -€1,051 | -99.3% |
| Non-recurring financial income | 76B | €1,058 | €7 | -€1,051 | -99.3% |
| Financial charges | 65/66B | €82 | - | -€82 | |
| Recurring financial charges | 65 | €82 | - | -€82 | |
| Non-recurring financial charges | 66B | €82 | - | -€82 | |
| Profit (loss) for the period before taxes | 9903 | €42,712 | €36,798 | -€5,914 | -13.8% |
| Transfer from deferred taxes | 780 | €7,099 | - | -€7,099 | |
| Income taxes | 67/77 | €17,260 | €10,946 | -€6,314 | -36.6% |
| Profit (loss) for the period | 9904 | €32,551 | €25,852 | -€6,699 | -20.6% |
| Transfer from tax-exempt reserves | 789 | €16,901 | - | -€16,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,452 | €25,852 | -€23,600 | -47.7% |
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 15 October 2026 via checked.be.