IMMOPAR: 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.
IMMOPAR
Largest movements
- Tangible fixed assets -€93,812
down €93,812 (-8.0%), from €1.2m to €1.1m
- Receivables within one year +€71,029
up €71,029 (+38.5%), from €184,668 to €255,697
of which Other amounts receivable: +€106,232
- Cash -€46,547
down €46,547 (-87.1%), from €53,430 to €6,883
mainly Debts after one year (-€103,642) and Receivables within one year (-€71,029)
- Deferred charges and accrued income -€29,428
down €29,428 (-75.6%), from €38,910 to €9,481
- Debts after one year -€103,642
down €103,642 (-15.2%), from €682,768 to €579,126
of which Financial debts: -€113,792
- Profit (loss) carried forward +€69,824
up €69,824 (+20.7%), from €336,642 to €406,466
- Trade debts -€60,177
down €60,177 (-86.5%), from €69,552 to €9,375
- Gross operating margin -€32,018
down €32,018 (-11.0%), from €291,687 to €259,669
- Taxes -€29,591
down €29,591 (-55.9%), from €52,891 to €23,300
- Financial charges -€17,389
down €17,389 (-41.5%), from €41,904 to €24,515
- Financial income -€14,555
down €14,555 (-68.6%), from €21,232 to €6,677
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 | €1,442,719 | €1,343,961 | -€98,758 | -6.8% |
| Fixed assets | 21/28 | €1,165,711 | €1,071,900 | -€93,812 | -8.0% |
| Tangible fixed assets | 22/27 | €1,165,711 | €1,071,900 | -€93,812 | -8.0% |
| Land and buildings | 22 | €1,165,711 | €1,071,900 | -€93,812 | -8.0% |
| Current assets | 29/58 | €277,007 | €272,061 | -€4,946 | -1.8% |
| Amounts receivable within one year | 40/41 | €184,668 | €255,697 | +€71,029 | +38.5% |
| Trade receivables | 40 | €84,668 | €49,465 | -€35,203 | -41.6% |
| Other amounts receivable | 41 | €100,000 | €206,232 | +€106,232 | +106.2% |
| Cash at bank and in hand | 54/58 | €53,430 | €6,883 | -€46,547 | -87.1% |
| Deferred charges and accrued income | 490/1 | €38,910 | €9,481 | -€29,428 | -75.6% |
| Total equity and liabilities | 10/49 | €1,442,719 | €1,343,961 | -€98,758 | -6.8% |
| Equity | 10/15 | €519,042 | €588,866 | +€69,824 | +13.5% |
| Contributions | 10/11 | €51,000 | €51,000 | = | 0.0% |
| Reserves | 13 | €131,400 | €131,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,100 | €5,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,100 | €5,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,642 | €406,466 | +€69,824 | +20.7% |
| Amounts payable | 17/49 | €923,677 | €755,095 | -€168,582 | -18.3% |
| Amounts payable after more than one year | 17 | €682,768 | €579,126 | -€103,642 | -15.2% |
| Financial debts | 170/4 | €682,768 | €568,976 | -€113,792 | -16.7% |
| Other amounts payable | 178/9 | - | €10,150 | +€10,150 | |
| Amounts payable within one year | 42/48 | €237,719 | €174,245 | -€63,474 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €113,792 | €113,792 | = | 0.0% |
| Trade debts | 44 | €69,552 | €9,375 | -€60,177 | -86.5% |
| Suppliers | 440/4 | €69,552 | €9,375 | -€60,177 | -86.5% |
| Taxes, remuneration and social security | 45 | €54,375 | €51,078 | -€3,297 | -6.1% |
| Taxes | 450/3 | €54,375 | €51,078 | -€3,297 | -6.1% |
| Accrued charges and deferred income | 492/3 | €3,190 | €1,724 | -€1,466 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,120 | €113,140 | +€1,020 | +0.9% |
| Other operating charges | 640/8 | €34,181 | €35,568 | +€1,386 | +4.1% |
| Gross operating margin | 9900 | €291,687 | €259,669 | -€32,018 | -11.0% |
| Operating profit (loss) | 9901 | €145,386 | €110,962 | -€34,424 | -23.7% |
| Financial income | 75/76B | €21,232 | €6,677 | -€14,555 | -68.6% |
| Recurring financial income | 75 | €21,232 | €6,677 | -€14,555 | -68.6% |
| Financial charges | 65/66B | €41,904 | €24,515 | -€17,389 | -41.5% |
| Recurring financial charges | 65 | €41,904 | €24,515 | -€17,389 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €124,714 | €93,124 | -€31,590 | -25.3% |
| Income taxes | 67/77 | €52,891 | €23,300 | -€29,591 | -55.9% |
| Profit (loss) for the period | 9904 | €71,823 | €69,824 | -€1,999 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,823 | €69,824 | -€1,999 | -2.8% |
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 6 October 2026 via checked.be.