IMMOPACA: 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.
IMMOPACA
Largest movements
- Cash -€332,336
down €332,336 (-54.6%), from €608,419 to €276,083
mainly Other debts (-€280,000) and Tax, wage and social debts (-€133,710)
- Receivables within one year +€24,947
up €24,947 (+161.9%), from €15,407 to €40,354
- Other debts -€280,000
no longer reported in 2025 (was €280,000)
- Tax, wage and social debts -€133,710
down €133,710 (-95.5%), from €139,940 to €6,230
- Profit (loss) carried forward +€101,882
up €101,882 (+44.5%), from €228,840 to €330,722
- Other operating charges +€4,797
up €4,797 (+190.4%), from €2,520 to €7,317
- Financial income +€4,467
up €4,467 (+241.0%), from €1,853 to €6,321
- Gross operating margin -€2,366
down €2,366 (-1.6%), from €143,658 to €141,291
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 | €718,287 | €406,483 | -€311,804 | -43.4% |
| Fixed assets | 21/28 | €94,461 | €90,046 | -€4,414 | -4.7% |
| Tangible fixed assets | 22/27 | €92,541 | €88,127 | -€4,414 | -4.8% |
| Land and buildings | 22 | €92,541 | €88,127 | -€4,414 | -4.8% |
| Financial fixed assets | 28 | €1,919 | €1,919 | = | 0.0% |
| Current assets | 29/58 | €623,827 | €316,437 | -€307,389 | -49.3% |
| Amounts receivable within one year | 40/41 | €15,407 | €40,354 | +€24,947 | +161.9% |
| Other amounts receivable | 41 | €15,407 | €40,354 | +€24,947 | +161.9% |
| Cash at bank and in hand | 54/58 | €608,419 | €276,083 | -€332,336 | -54.6% |
| Total equity and liabilities | 10/49 | €718,287 | €406,483 | -€311,804 | -43.4% |
| Equity | 10/15 | €297,040 | €398,922 | +€101,882 | +34.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,840 | €330,722 | +€101,882 | +44.5% |
| Amounts payable | 17/49 | €421,247 | €7,561 | -€413,686 | -98.2% |
| Amounts payable within one year | 42/48 | €421,247 | €7,561 | -€413,686 | -98.2% |
| Trade debts | 44 | €1,307 | €1,331 | +€24 | +1.9% |
| Suppliers | 440/4 | €1,307 | €1,331 | +€24 | +1.9% |
| Taxes, remuneration and social security | 45 | €139,940 | €6,230 | -€133,710 | -95.5% |
| Taxes | 450/3 | €139,940 | €6,230 | -€133,710 | -95.5% |
| Other amounts payable | 47/48 | €280,000 | - | -€280,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,414 | €4,414 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,520 | €7,317 | +€4,797 | +190.4% |
| Gross operating margin | 9900 | €143,658 | €141,291 | -€2,366 | -1.6% |
| Operating profit (loss) | 9901 | €136,724 | €129,560 | -€7,163 | -5.2% |
| Financial income | 75/76B | €1,853 | €6,321 | +€4,467 | +241.0% |
| Recurring financial income | 75 | €1,853 | €6,321 | +€4,467 | +241.0% |
| Financial charges | 65/66B | €56 | €33 | -€24 | -42.4% |
| Recurring financial charges | 65 | €56 | €33 | -€24 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €138,521 | €135,849 | -€2,672 | -1.9% |
| Income taxes | 67/77 | €35,403 | €33,967 | -€1,436 | -4.1% |
| Profit (loss) for the period | 9904 | €103,118 | €101,882 | -€1,236 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,118 | €101,882 | -€1,236 | -1.2% |
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.