IMMOPASS: 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.
IMMOPASS
Largest movements
- Current investments -€295,197
down €295,197 (-74.1%), from €398,466 to €103,270
- Receivables within one year -€203,721
down €203,721 (-37.2%), from €547,852 to €344,130
of which Trade receivables: -€206,344
- Intangible fixed assets +€77,997
up €77,997 (+2228471.4%), from €4 to €78,000
- Tangible fixed assets +€20,792
up €20,792 (+71.1%), from €29,238 to €50,030
of which Plant, machinery and equipment: +€27,863
- Deferred charges and accrued income +€17,440
up €17,440 (+99.5%), from €17,535 to €34,975
- Profit (loss) carried forward -€233,223
down €233,223 (-26.4%), from -€884,578 to -€1.1m
- Trade debts -€144,673
down €144,673 (-36.8%), from €392,844 to €248,171
- Current portion of long-term debt +€12,390
up €12,390 (+153.0%), from €8,095 to €20,485
- Gross operating margin -€149,838
down €149,838 (-22.5%), from €665,270 to €515,432
- Staff costs +€144,888
up €144,888 (+26.3%), from €550,306 to €695,193
- Depreciation +€13,165
up €13,165 (+416.5%), from €3,161 to €16,326
- Write-downs -€8,931
down €8,931 (-35.7%), from €25,000 to €16,069
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 | €1,024,840 | €657,253 | -€367,587 | -35.9% |
| Fixed assets | 21/28 | €29,711 | €129,235 | +€99,523 | +335.0% |
| Intangible fixed assets | 21 | €4 | €78,000 | +€77,997 | +2228471.4% |
| Tangible fixed assets | 22/27 | €29,238 | €50,030 | +€20,792 | +71.1% |
| Plant, machinery and equipment | 23 | €2,429 | €30,292 | +€27,863 | +1147.1% |
| Furniture and vehicles | 24 | €26,809 | €19,738 | -€7,071 | -26.4% |
| Financial fixed assets | 28 | €470 | €1,205 | +€735 | +156.4% |
| Current assets | 29/58 | €995,128 | €528,018 | -€467,110 | -46.9% |
| Amounts receivable within one year | 40/41 | €547,852 | €344,130 | -€203,721 | -37.2% |
| Trade receivables | 40 | €545,062 | €338,719 | -€206,344 | -37.9% |
| Other amounts receivable | 41 | €2,789 | €5,412 | +€2,622 | +94.0% |
| Current investments | 50/53 | €398,466 | €103,270 | -€295,197 | -74.1% |
| Cash at bank and in hand | 54/58 | €31,275 | €45,643 | +€14,368 | +45.9% |
| Deferred charges and accrued income | 490/1 | €17,535 | €34,975 | +€17,440 | +99.5% |
| Total equity and liabilities | 10/49 | €1,024,840 | €657,253 | -€367,587 | -35.9% |
| Equity | 10/15 | €247,640 | €14,417 | -€233,223 | -94.2% |
| Contributions | 10/11 | €1,132,218 | €1,132,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€884,578 | -€1,117,801 | -€233,223 | -26.4% |
| Amounts payable | 17/49 | €777,199 | €642,836 | -€134,363 | -17.3% |
| Amounts payable after more than one year | 17 | €266,241 | €274,823 | +€8,581 | +3.2% |
| Financial debts | 170/4 | €266,241 | €274,823 | +€8,581 | +3.2% |
| Amounts payable within one year | 42/48 | €508,366 | €365,422 | -€142,945 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €8,095 | €20,485 | +€12,390 | +153.0% |
| Financial debts | 43 | €5,341 | €2,656 | -€2,685 | -50.3% |
| Credit institutions | 430/8 | €5,341 | €2,656 | -€2,685 | -50.3% |
| Trade debts | 44 | €392,844 | €248,171 | -€144,673 | -36.8% |
| Suppliers | 440/4 | €392,844 | €248,171 | -€144,673 | -36.8% |
| Taxes, remuneration and social security | 45 | €101,482 | €93,960 | -€7,522 | -7.4% |
| Taxes | 450/3 | €41,516 | €42,790 | +€1,274 | +3.1% |
| Remuneration and social security | 454/9 | €59,966 | €51,169 | -€8,796 | -14.7% |
| Other amounts payable | 47/48 | €604 | €150 | -€455 | -75.2% |
| Accrued charges and deferred income | 492/3 | €2,592 | €2,592 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €550,306 | €695,193 | +€144,888 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €16,326 | +€13,165 | +416.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,000 | €16,069 | -€8,931 | -35.7% |
| Other operating charges | 640/8 | €1,251 | €4,164 | +€2,913 | +232.9% |
| Gross operating margin | 9900 | €665,270 | €515,432 | -€149,838 | -22.5% |
| Operating profit (loss) | 9901 | €85,553 | -€216,321 | -€301,874 | |
| Financial income | 75/76B | €758 | €2,918 | +€2,160 | +284.9% |
| Recurring financial income | 75 | €758 | €2,918 | +€2,160 | +284.9% |
| Financial charges | 65/66B | €17,414 | €18,190 | +€776 | +4.5% |
| Recurring financial charges | 65 | €17,414 | €18,190 | +€776 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €68,897 | -€231,592 | -€300,489 | |
| Income taxes | 67/77 | €1,342 | €1,631 | +€290 | +21.6% |
| Profit (loss) for the period | 9904 | €67,555 | -€233,223 | -€300,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,555 | -€233,223 | -€300,779 |
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 3 October 2026 via checked.be.