Immopac: 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.
Immopac
Largest movements
- Receivables within one year +€154,903
up €154,903 (+336.0%), from €46,097 to €201,000
- Cash -€60,538
down €60,538 (-95.0%), from €63,738 to €3,200
mainly Receivables within one year (-€154,903) and Tax, wage and social debts (-€27,597)
- Tangible fixed assets -€50,844
down €50,844 (-8.9%), from €570,035 to €519,191
- Reserves +€72,766
up €72,766 (+16.7%), from €435,369 to €508,134
of which Distributable reserves: +€72,766
- Tax, wage and social debts -€27,597
down €27,597 (-82.0%), from €33,657 to €6,061
- Gross operating margin -€20,296
down €20,296 (-10.5%), from €193,906 to €173,611
- Taxes -€3,702
down €3,702 (-11.0%), from €33,657 to €29,956
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 | €682,286 | €725,955 | +€43,669 | +6.4% |
| Fixed assets | 21/28 | €570,035 | €519,191 | -€50,844 | -8.9% |
| Tangible fixed assets | 22/27 | €570,035 | €519,191 | -€50,844 | -8.9% |
| Land and buildings | 22 | €570,035 | €519,191 | -€50,844 | -8.9% |
| Current assets | 29/58 | €112,251 | €206,764 | +€94,514 | +84.2% |
| Amounts receivable within one year | 40/41 | €46,097 | €201,000 | +€154,903 | +336.0% |
| Other amounts receivable | 41 | €46,097 | €201,000 | +€154,903 | +336.0% |
| Cash at bank and in hand | 54/58 | €63,738 | €3,200 | -€60,538 | -95.0% |
| Deferred charges and accrued income | 490/1 | €2,416 | €2,564 | +€148 | +6.1% |
| Total equity and liabilities | 10/49 | €682,286 | €725,955 | +€43,669 | +6.4% |
| Equity | 10/15 | €641,369 | €714,134 | +€72,766 | +11.3% |
| Contributions | 10/11 | €206,000 | €206,000 | = | 0.0% |
| Capital | 10 | €206,000 | €206,000 | = | 0.0% |
| Issued capital | 100 | €206,000 | €206,000 | = | 0.0% |
| Reserves | 13 | €435,369 | €508,134 | +€72,766 | +16.7% |
| Non-distributable reserves | 130/1 | €20,600 | €20,600 | = | 0.0% |
| Legal reserve | 130 | €20,600 | €20,600 | = | 0.0% |
| Distributable reserves | 133 | €414,769 | €487,534 | +€72,766 | +17.5% |
| Amounts payable | 17/49 | €40,917 | €11,820 | -€29,097 | -71.1% |
| Amounts payable within one year | 42/48 | €40,917 | €11,820 | -€29,097 | -71.1% |
| Trade debts | 44 | €1,730 | €230 | -€1,500 | -86.7% |
| Suppliers | 440/4 | €1,730 | €230 | -€1,500 | -86.7% |
| Taxes, remuneration and social security | 45 | €33,657 | €6,061 | -€27,597 | -82.0% |
| Taxes | 450/3 | €33,657 | €6,061 | -€27,597 | -82.0% |
| Other amounts payable | 47/48 | €5,529 | €5,529 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,844 | €50,844 | -€0 | 0.0% |
| Other operating charges | 640/8 | €19,483 | €20,003 | +€520 | +2.7% |
| Gross operating margin | 9900 | €193,906 | €173,611 | -€20,296 | -10.5% |
| Operating profit (loss) | 9901 | €123,579 | €102,763 | -€20,815 | -16.8% |
| Financial charges | 65/66B | €66 | €42 | -€24 | -36.0% |
| Recurring financial charges | 65 | €66 | €42 | -€24 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €123,513 | €102,721 | -€20,792 | -16.8% |
| Income taxes | 67/77 | €33,657 | €29,956 | -€3,702 | -11.0% |
| Profit (loss) for the period | 9904 | €89,856 | €72,766 | -€17,090 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,856 | €72,766 | -€17,090 | -19.0% |
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 1 October 2026 via checked.be.