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
- Tangible fixed assets +€568,824
up €568,824 (+253%), from €224,586 to €793,410
of which Land and buildings: +€568,824
- Current investments +€448,759
new in 2025: €448,759
- Cash -€13,606
down €13,606 (-15.2%), from €89,359 to €75,753
mainly Investment in fixed assets (net) (-€607,000) and Current investments (-€448,759)
- Reserves +€779,747
up €779,747 (+1,352%), from €57,668 to €837,414
of which Tax-exempt reserves: +€800,444
- Provisions +€266,815
up €266,815 (+36,171%), from €738 to €267,552
- Debts after one year -€40,801
down €40,801 (-100%), from €40,801 to €0
- Gross operating margin +€1.1m
up €1.1m (+10,806%), from €9,881 to €1.1m
- Depreciation +€24,102
up €24,102 (+171%), from €14,074 to €38,176
- Financial income +€13,433
up €13,433 (+16,189%), from €83 to €13,516
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,877 | €1,321,977 | +€1.0m | +319% |
| Fixed assets | 21/28 | €224,586 | €793,410 | +€568,824 | +253% |
| Tangible fixed assets | 22/27 | €224,586 | €793,410 | +€568,824 | +253% |
| Land and buildings | 22 | €224,586 | €793,410 | +€568,824 | +253% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €91,291 | €528,567 | +€437,276 | +479% |
| Amounts receivable within one year | 40/41 | €1,525 | €4,055 | +€2,530 | +166% |
| Other amounts receivable | 41 | €1,525 | €4,055 | +€2,530 | +166% |
| Current investments | 50/53 | - | €448,759 | +€448,759 | |
| Cash at bank and in hand | 54/58 | €89,359 | €75,753 | -€13,606 | -15.2% |
| Deferred charges and accrued income | 490/1 | €407 | €0 | -€407 | -100% |
| Total equity and liabilities | 10/49 | €315,877 | €1,321,977 | +€1.0m | +319% |
| Equity | 10/15 | €249,868 | €1,029,614 | +€779,747 | +312% |
| Contributions | 10/11 | €192,200 | €192,200 | = | 0.0% |
| Capital | 10 | €192,200 | €192,200 | = | 0.0% |
| Issued capital | 100 | €192,200 | €192,200 | = | 0.0% |
| Reserves | 13 | €57,668 | €837,414 | +€779,747 | +1,352% |
| Non-distributable reserves | 130/1 | €19,220 | €19,220 | = | 0.0% |
| Legal reserve | 130 | €19,220 | €19,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,206 | €802,651 | +€800,444 | +36,279% |
| Distributable reserves | 133 | €36,241 | €15,544 | -€20,698 | -57.1% |
| Provisions and deferred taxes | 16 | €738 | €267,552 | +€266,815 | +36,171% |
| Deferred taxes | 168 | €738 | €267,552 | +€266,815 | +36,171% |
| Amounts payable | 17/49 | €65,272 | €24,810 | -€40,462 | -62.0% |
| Amounts payable after more than one year | 17 | €40,801 | €0 | -€40,801 | -100% |
| Financial debts | 170/4 | €40,801 | €0 | -€40,801 | -100% |
| Amounts payable within one year | 42/48 | €21,914 | €22,128 | +€214 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €178 | +€178 | |
| Suppliers | 440/4 | - | €178 | +€178 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,914 | €21,950 | +€36 | +0.2% |
| Accrued charges and deferred income | 492/3 | €2,557 | €2,682 | +€125 | +4.9% |
| Non-recurring operating income | 76A | - | €1,073,629 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,074 | €38,176 | +€24,102 | +171% |
| Other operating charges | 640/8 | €2,755 | €3,464 | +€709 | +25.7% |
| Gross operating margin | 9900 | €9,881 | €1,077,610 | +€1.1m | +10,806% |
| Operating profit (loss) | 9901 | -€6,948 | €1,035,969 | +€1.0m | |
| Financial income | 75/76B | €83 | €13,516 | +€13,433 | +16,189% |
| Recurring financial income | 75 | €83 | €13,516 | +€13,433 | +16,189% |
| Financial charges | 65/66B | €1,783 | €2,925 | +€1,141 | +64.0% |
| Recurring financial charges | 65 | €1,783 | €2,925 | +€1,141 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,648 | €1,046,561 | +€1.1m | |
| Transfer from deferred taxes | 780 | €345 | €1,593 | +€1,248 | +362% |
| Transfer to deferred taxes | 680 | - | €268,407 | +€268,407 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,303 | €779,747 | +€788,050 | |
| Transfer from tax-exempt reserves | 789 | €1,035 | €4,778 | +€3,743 | +362% |
| Transfer to tax-exempt reserves | 689 | - | €805,222 | +€805,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,268 | -€20,698 | -€13,430 | -185% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.