IMMOPA-BIS: 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.
IMMOPA-BIS
Largest movements
- Stocks and contracts -€478,954
down €478,954 (-40.1%), from €1.2m to €715,906
- Receivables within one year -€104,755
down €104,755 (-11.5%), from €909,218 to €804,464
of which Other amounts receivable: -€213,614
- Cash +€38,304
up €38,304 (+13.5%), from €283,512 to €321,816
mainly Stocks and contracts (+€478,954) and Net result for the year (+€185,966)
- Short-term financial debts -€826,985
down €826,985 (-100.0%), from €826,985 to €0
- Reserves +€185,966
up €185,966 (+151.4%), from €122,800 to €308,766
- Other debts +€166,681
up €166,681 (+13.0%), from €1.3m to €1.5m
- Trade debts -€62,451
down €62,451 (-33.6%), from €185,720 to €123,269
- Gross operating margin +€273,552
up €273,552 (+188.6%), from €145,007 to €418,559
- Taxes +€48,064
up €48,064 (+10962.3%), from €438 to €48,502
- Financial charges -€15,355
down €15,355 (-16.1%), from €95,479 to €80,124
- Financial income +€8,517
up €8,517 (+35.9%), from €23,727 to €32,244
- Other operating charges -€8,258
down €8,258 (-25.5%), from €32,398 to €24,139
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 | €2,525,337 | €1,974,511 | -€550,826 | -21.8% |
| Fixed assets | 21/28 | €116,776 | €114,813 | -€1,963 | -1.7% |
| Intangible fixed assets | 21 | €2,603 | €1,828 | -€775 | -29.8% |
| Tangible fixed assets | 22/27 | €112,283 | €111,095 | -€1,188 | -1.1% |
| Land and buildings | 22 | €64,051 | €64,051 | = | 0.0% |
| Plant, machinery and equipment | 23 | €40,000 | €40,000 | = | 0.0% |
| Furniture and vehicles | 24 | €8,232 | €5,816 | -€2,416 | -29.3% |
| Other tangible fixed assets | 26 | - | €1,228 | +€1,228 | |
| Financial fixed assets | 28 | €1,890 | €1,890 | = | 0.0% |
| Current assets | 29/58 | €2,408,561 | €1,859,698 | -€548,863 | -22.8% |
| Stocks and contracts in progress | 3 | €1,194,860 | €715,906 | -€478,954 | -40.1% |
| Stocks | 30/36 | €1,194,860 | €715,906 | -€478,954 | -40.1% |
| Amounts receivable within one year | 40/41 | €909,218 | €804,464 | -€104,755 | -11.5% |
| Trade receivables | 40 | €262,688 | €371,547 | +€108,859 | +41.4% |
| Other amounts receivable | 41 | €646,530 | €432,917 | -€213,614 | -33.0% |
| Cash at bank and in hand | 54/58 | €283,512 | €321,816 | +€38,304 | +13.5% |
| Deferred charges and accrued income | 490/1 | €20,971 | €17,512 | -€3,458 | -16.5% |
| Total equity and liabilities | 10/49 | €2,525,337 | €1,974,511 | -€550,826 | -21.8% |
| Equity | 10/15 | €131,928 | €317,894 | +€185,966 | +141.0% |
| Contributions | 10/11 | €9,128 | €9,128 | = | 0.0% |
| Reserves | 13 | €122,800 | €308,766 | +€185,966 | +151.4% |
| Distributable reserves | 133 | €122,800 | €308,766 | +€185,966 | +151.4% |
| Amounts payable | 17/49 | €2,393,409 | €1,656,618 | -€736,792 | -30.8% |
| Amounts payable within one year | 42/48 | €2,373,660 | €1,646,618 | -€727,043 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €16,458 | €0 | -€16,458 | -100.0% |
| Financial debts | 43 | €826,985 | €0 | -€826,985 | -100.0% |
| Credit institutions | 430/8 | €826,985 | €0 | -€826,985 | -100.0% |
| Trade debts | 44 | €185,720 | €123,269 | -€62,451 | -33.6% |
| Suppliers | 440/4 | €185,720 | €123,269 | -€62,451 | -33.6% |
| Advances received on contracts in progress | 46 | €12,500 | €25,000 | +€12,500 | +100.0% |
| Taxes, remuneration and social security | 45 | €45,999 | €45,670 | -€329 | -0.7% |
| Taxes | 450/3 | €39,738 | €34,896 | -€4,841 | -12.2% |
| Remuneration and social security | 454/9 | €6,261 | €10,773 | +€4,512 | +72.1% |
| Other amounts payable | 47/48 | €1,285,998 | €1,452,679 | +€166,681 | +13.0% |
| Accrued charges and deferred income | 492/3 | €19,749 | €10,000 | -€9,749 | -49.4% |
| Non-recurring operating income | 76A | €8,062 | €0 | -€8,062 | -100.0% |
| Remuneration, social security and pensions | 62 | €94,689 | €99,980 | +€5,291 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,329 | €5,842 | -€1,487 | -20.3% |
| Other operating charges | 640/8 | €32,398 | €24,139 | -€8,258 | -25.5% |
| Non-recurring operating charges | 66A | - | €6,250 | +€6,250 | |
| Gross operating margin | 9900 | €145,007 | €418,559 | +€273,552 | +188.6% |
| Operating profit (loss) | 9901 | €10,591 | €282,348 | +€271,757 | +2565.8% |
| Financial income | 75/76B | €23,727 | €32,244 | +€8,517 | +35.9% |
| Recurring financial income | 75 | €23,727 | €32,244 | +€8,517 | +35.9% |
| Financial charges | 65/66B | €95,479 | €80,124 | -€15,355 | -16.1% |
| Recurring financial charges | 65 | €95,479 | €80,124 | -€15,355 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,161 | €234,468 | +€295,629 | |
| Income taxes | 67/77 | €438 | €48,502 | +€48,064 | +10962.3% |
| Profit (loss) for the period | 9904 | -€61,599 | €185,966 | +€247,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,599 | €185,966 | +€247,565 |
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 12 October 2026 via checked.be.