Immopart: 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.
Immopart
Largest movements
- Receivables within one year +€20,872
up €20,872 (+51.8%), from €40,274 to €61,146
of which Other amounts receivable: +€14,192
- Cash +€19,327
up €19,327 (+89.7%), from €21,545 to €40,872
mainly Depreciation (+€65,112) and Current portion of long-term debt (+€22,100)
- Tangible fixed assets -€17,413
down €17,413 (-2.9%), from €600,155 to €582,742
of which Land and buildings: -€15,811
- Current portion of long-term debt +€22,100
up €22,100 (+67.2%), from €32,898 to €54,998
- Trade debts -€17,965
down €17,965 (-84.0%), from €21,398 to €3,433
- Revaluation surpluses -€14,607
down €14,607 (-7.9%), from €185,649 to €171,041
- Reserves +€14,607
up €14,607 (+9.9%), from €147,139 to €161,747
of which Distributable reserves: +€14,607
- Profit (loss) carried forward +€8,741
up €8,741 (+77.9%), from €11,227 to €19,968
- Depreciation +€7,762
up €7,762 (+13.5%), from €57,350 to €65,112
- Gross operating margin +€3,720
up €3,720 (+3.9%), from €95,489 to €99,210
- Financial income +€1,451
up €1,451 (+16122.3%), from €9 to €1,460
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 | €684,568 | €702,079 | +€17,511 | +2.6% |
| Fixed assets | 21/28 | €619,824 | €597,490 | -€22,334 | -3.6% |
| Intangible fixed assets | 21 | €19,669 | €14,748 | -€4,922 | -25.0% |
| Tangible fixed assets | 22/27 | €600,155 | €582,742 | -€17,413 | -2.9% |
| Land and buildings | 22 | €594,686 | €578,875 | -€15,811 | -2.7% |
| Plant, machinery and equipment | 23 | €5,469 | €3,868 | -€1,601 | -29.3% |
| Current assets | 29/58 | €64,743 | €104,589 | +€39,846 | +61.5% |
| Amounts receivable within one year | 40/41 | €40,274 | €61,146 | +€20,872 | +51.8% |
| Trade receivables | 40 | €165 | €6,844 | +€6,680 | +4050.7% |
| Other amounts receivable | 41 | €40,109 | €54,301 | +€14,192 | +35.4% |
| Cash at bank and in hand | 54/58 | €21,545 | €40,872 | +€19,327 | +89.7% |
| Deferred charges and accrued income | 490/1 | €2,924 | €2,571 | -€353 | -12.1% |
| Total equity and liabilities | 10/49 | €684,568 | €702,079 | +€17,511 | +2.6% |
| Equity | 10/15 | €419,015 | €427,756 | +€8,741 | +2.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €185,649 | €171,041 | -€14,607 | -7.9% |
| Reserves | 13 | €147,139 | €161,747 | +€14,607 | +9.9% |
| Non-distributable reserves | 130/1 | €26,613 | €26,613 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Other | 1319 | €19,113 | €19,113 | = | 0.0% |
| Distributable reserves | 133 | €120,526 | €135,133 | +€14,607 | +12.1% |
| Profit (loss) carried forward | 14 | €11,227 | €19,968 | +€8,741 | +77.9% |
| Amounts payable | 17/49 | €265,553 | €274,323 | +€8,770 | +3.3% |
| Amounts payable after more than one year | 17 | €207,155 | €203,213 | -€3,942 | -1.9% |
| Financial debts | 170/4 | €205,355 | €203,213 | -€2,142 | -1.0% |
| Other amounts payable | 178/9 | €1,800 | - | -€1,800 | |
| Amounts payable within one year | 42/48 | €55,046 | €62,664 | +€7,618 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €32,898 | €54,998 | +€22,100 | +67.2% |
| Trade debts | 44 | €21,398 | €3,433 | -€17,965 | -84.0% |
| Suppliers | 440/4 | €21,398 | €3,433 | -€17,965 | -84.0% |
| Taxes, remuneration and social security | 45 | €750 | €4,234 | +€3,484 | +464.5% |
| Taxes | 450/3 | €750 | €4,234 | +€3,484 | +464.5% |
| Accrued charges and deferred income | 492/3 | €3,352 | €8,445 | +€5,094 | +152.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,350 | €65,112 | +€7,762 | +13.5% |
| Other operating charges | 640/8 | €6,716 | €6,770 | +€54 | +0.8% |
| Gross operating margin | 9900 | €95,489 | €99,210 | +€3,720 | +3.9% |
| Operating profit (loss) | 9901 | €31,424 | €27,328 | -€4,096 | -13.0% |
| Financial income | 75/76B | €9 | €1,460 | +€1,451 | +16122.3% |
| Recurring financial income | 75 | €9 | €1,460 | +€1,451 | +16122.3% |
| Financial charges | 65/66B | €11,495 | €11,449 | -€46 | -0.4% |
| Recurring financial charges | 65 | €11,495 | €11,449 | -€46 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €19,938 | €17,340 | -€2,598 | -13.0% |
| Income taxes | 67/77 | €8,750 | €8,598 | -€152 | -1.7% |
| Profit (loss) for the period | 9904 | €11,188 | €8,741 | -€2,447 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,188 | €8,741 | -€2,447 | -21.9% |
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 11 October 2026 via checked.be.