IMMOPAR: 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.
IMMOPAR
Largest movements
- Current investments +€36,000
up €36,000 (+8.2%), from €436,800 to €472,800
- Cash +€10,777
up €10,777 (+8.0%), from €135,388 to €146,166
mainly Net result for the year (+€31,530) and Receivables within one year (+€8,000)
- Receivables within one year -€8,000
down €8,000 (-44.4%), from €18,000 to €10,000
- Reserves +€31,530
up €31,530 (+7.7%), from €407,083 to €438,612
of which Distributable reserves: +€31,530
- Taxes +€10,435
up €10,435 (+2612.8%), from €399 to €10,834
- Gross operating margin -€2,652
down €2,652 (-7.1%), from €37,165 to €34,513
- Financial income -€1,060
down €1,060 (-7.3%), from €14,573 to €13,512
- Other operating charges +€1,012
up €1,012 (+367.1%), from €276 to €1,288
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 | €634,743 | €669,986 | +€35,244 | +5.6% |
| Fixed assets | 21/28 | €44,554 | €41,021 | -€3,534 | -7.9% |
| Tangible fixed assets | 22/27 | €44,554 | €41,021 | -€3,534 | -7.9% |
| Land and buildings | 22 | €36,787 | €34,974 | -€1,813 | -4.9% |
| Plant, machinery and equipment | 23 | €1,863 | €1,490 | -€373 | -20.0% |
| Furniture and vehicles | 24 | €1,756 | €1,452 | -€304 | -17.3% |
| Other tangible fixed assets | 26 | €4,148 | €3,105 | -€1,044 | -25.2% |
| Current assets | 29/58 | €590,188 | €628,966 | +€38,777 | +6.6% |
| Amounts receivable within one year | 40/41 | €18,000 | €10,000 | -€8,000 | -44.4% |
| Other amounts receivable | 41 | €18,000 | €10,000 | -€8,000 | -44.4% |
| Current investments | 50/53 | €436,800 | €472,800 | +€36,000 | +8.2% |
| Cash at bank and in hand | 54/58 | €135,388 | €146,166 | +€10,777 | +8.0% |
| Total equity and liabilities | 10/49 | €634,743 | €669,986 | +€35,244 | +5.6% |
| Equity | 10/15 | €631,083 | €662,612 | +€31,530 | +5.0% |
| Contributions | 10/11 | €224,000 | €224,000 | = | 0.0% |
| Capital | 10 | €224,000 | €224,000 | = | 0.0% |
| Issued capital | 100 | €224,000 | €224,000 | = | 0.0% |
| Reserves | 13 | €407,083 | €438,612 | +€31,530 | +7.7% |
| Non-distributable reserves | 130/1 | €22,400 | €22,400 | = | 0.0% |
| Legal reserve | 130 | €22,400 | €22,400 | = | 0.0% |
| Distributable reserves | 133 | €384,683 | €416,212 | +€31,530 | +8.2% |
| Amounts payable | 17/49 | €3,660 | €7,374 | +€3,714 | +101.5% |
| Amounts payable within one year | 42/48 | €3,660 | €7,374 | +€3,714 | +101.5% |
| Advances received on contracts in progress | 46 | €704 | €704 | = | 0.0% |
| Other amounts payable | 47/48 | €2,956 | €6,671 | +€3,714 | +125.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,733 | €3,933 | +€200 | +5.4% |
| Other operating charges | 640/8 | €276 | €1,288 | +€1,012 | +367.1% |
| Gross operating margin | 9900 | €37,165 | €34,513 | -€2,652 | -7.1% |
| Operating profit (loss) | 9901 | €33,156 | €29,292 | -€3,864 | -11.7% |
| Financial income | 75/76B | €14,573 | €13,512 | -€1,060 | -7.3% |
| Recurring financial income | 75 | €14,573 | €13,512 | -€1,060 | -7.3% |
| Financial charges | 65/66B | €415 | €441 | +€25 | +6.1% |
| Recurring financial charges | 65 | €415 | €441 | +€25 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €47,314 | €42,364 | -€4,950 | -10.5% |
| Income taxes | 67/77 | €399 | €10,834 | +€10,435 | +2612.8% |
| Profit (loss) for the period | 9904 | €46,914 | €31,530 | -€15,385 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,914 | €31,530 | -€15,385 | -32.8% |
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 9 October 2026 via checked.be.