IMMOPAR 3: 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.
What changed
IMMOPAR 3
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,742
2024 · -€92,493+€106,235
Equity
-
not filed
Cash
€261,150
2024 · €279,926-€18,776
Balance sheet total
€10.1m
2024 · €8.4m+€1.8m
Largest movements
Assets
- Stocks and contracts +€2.1m
up €2.1m (+27.5%), from €7.7m to €9.8m
of which Stocks: +€1.7m
- Receivables within one year -€314,701
down €314,701 (-82.5%), from €381,301 to €66,600
of which Trade receivables: -€348,079
Equity and liabilities
- Short-term financial debts +€6.2m
new in 2025: €6.2m
- Debts after one year -€5.8m
no longer reported in 2025 (was €5.8m)
- Trade debts +€1.4m
up €1.4m (+84.3%), from €1.6m to €3.0m
- Other debts +€110,618
up €110,618 (+12.1%), from €915,776 to €1.0m
- Tax, wage and social debts -€109,056
no longer reported in 2025 (was €109,056)
Income statement
- Turnover -€787,091
down €787,091 (-29.8%), from €2.6m to €1.9m
- Goods and materials -€471,480
down €471,480 (-17.5%), from €2.7m to €2.2m
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.
Result 2024
-€92,493
Turnover
-€787,091
Other operating income
+€18
Goods and materials
+€471,480
Services and other goods
+€8,287
Other operating items
+€413,153
Financial charges
+€388
Result 2025
€13,742
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€391,664
Investment
+€1,100
Financing
+€371,784
Cash 2024
€279,926
From operations (derived)
-€391,664
Net result for the year
+€13,742
Stocks and contracts
-€2.1m
Receivables within one year
+€314,701
Trade debts
+€1.4m
Tax, wage and social debts
-€109,056
Other debts
+€110,618
Accrued charges and deferred income
+€125
Investment (derived)
+€1,100
Investment in fixed assets (net)
+€1,100
Financing
+€371,784
Debts after one year
-€5.8m
Short-term financial debts
+€6.2m
Contributions, distributions and other
-€1
Not broken down
+€4
Cash 2025
€261,150
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,353,234 | €10,130,004 | +€1.8m | +21.3% |
| Fixed assets | 21/28 | €1,100 | - | -€1,100 | |
| Financial fixed assets | 28 | €1,100 | - | -€1,100 | |
| Other financial fixed assets | 284/8 | €1,100 | - | -€1,100 | |
| Amounts receivable and cash guarantees | 285/8 | €1,100 | - | -€1,100 | |
| Current assets | 29/58 | €8,352,134 | €10,130,004 | +€1.8m | +21.3% |
| Stocks and contracts in progress | 3 | €7,690,906 | €9,802,255 | +€2.1m | +27.5% |
| Stocks | 30/36 | €7,370,935 | €9,070,617 | +€1.7m | +23.1% |
| Property held for sale | 35 | €7,370,935 | €9,070,617 | +€1.7m | +23.1% |
| Contracts in progress | 37 | €319,971 | €731,637 | +€411,666 | +129% |
| Amounts receivable within one year | 40/41 | €381,301 | €66,600 | -€314,701 | -82.5% |
| Trade receivables | 40 | €381,301 | €33,222 | -€348,079 | -91.3% |
| Other amounts receivable | 41 | - | €33,378 | +€33,378 | |
| Cash at bank and in hand | 54/58 | €279,926 | €261,150 | -€18,776 | -6.7% |
| Total equity and liabilities | 10/49 | €8,353,234 | €10,130,004 | +€1.8m | +21.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,918 | -€109,177 | +€13,741 | +11.2% |
| Amounts payable | 17/49 | €8,456,152 | €10,219,181 | +€1.8m | +20.8% |
| Amounts payable after more than one year | 17 | €5,782,849 | - | -€5.8m | |
| Financial debts | 170/4 | €5,782,849 | - | -€5.8m | |
| Credit institutions | 173 | €5,782,849 | - | -€5.8m | |
| Amounts payable within one year | 42/48 | €2,673,303 | €10,219,056 | +€7.5m | +282% |
| Financial debts | 43 | - | €6,154,634 | +€6.2m | |
| Credit institutions | 430/8 | - | €6,154,634 | +€6.2m | |
| Trade debts | 44 | €1,648,472 | €3,038,027 | +€1.4m | +84.3% |
| Suppliers | 440/4 | €1,648,472 | €3,038,027 | +€1.4m | +84.3% |
| Taxes, remuneration and social security | 45 | €109,056 | - | -€109,056 | |
| Taxes | 450/3 | €109,056 | - | -€109,056 | |
| Other amounts payable | 47/48 | €915,776 | €1,026,394 | +€110,618 | +12.1% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Operating income | 70/76A | €2,642,919 | €2,268,999 | -€373,920 | -14.1% |
| Turnover | 70 | €2,643,665 | €1,856,574 | -€787,091 | -29.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,487 | €411,666 | +€413,153 | |
| Other operating income | 74 | €742 | €760 | +€18 | +2.4% |
| Operating charges | 60/66A | €2,734,037 | €2,254,270 | -€479,767 | -17.5% |
| Goods for resale, raw materials and consumables | 60 | €2,686,602 | €2,215,122 | -€471,480 | -17.5% |
| Change in stocks: decrease (increase) | 609 | -€1,850,749 | -€1,699,682 | +€151,067 | +8.2% |
| Services and other goods | 61 | €47,435 | €39,148 | -€8,287 | -17.5% |
| Operating profit (loss) | 9901 | -€91,118 | €14,729 | +€105,847 | |
| Financial charges | 65/66B | €1,375 | €987 | -€388 | -28.2% |
| Recurring financial charges | 65 | €1,375 | €987 | -€388 | -28.2% |
| Other financial charges | 652/9 | €1,375 | €987 | -€388 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€92,493 | €13,742 | +€106,235 | |
| Profit (loss) for the period | 9904 | -€92,493 | €13,742 | +€106,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,493 | €13,742 | +€106,235 |
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 19 October 2026 via checked.be.