IMMOPAT: 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.
IMMOPAT
Largest movements
- Cash +€667,837
up €667,837 (+1,542%), from €43,298 to €711,135
mainly Debts after one year (+€656,128) and Depreciation (+€483,703)
- Tangible fixed assets +€319,200
up €319,200 (+4.2%), from €7.7m to €8.0m
of which Land and buildings: +€319,549
- Receivables within one year -€206,603
down €206,603 (-73.8%), from €280,001 to €73,398
of which Trade receivables: -€171,383
- Debts after one year +€656,128
up €656,128 (+10.5%), from €6.3m to €6.9m
- Depreciation +€30,200
up €30,200 (+6.7%), from €453,502 to €483,703
- Financial income -€7,906
down €7,906 (-55.8%), from €14,175 to €6,269
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 | €7,993,503 | €8,772,448 | +€778,945 | +9.7% |
| Fixed assets | 21/28 | €7,663,301 | €7,982,501 | +€319,200 | +4.2% |
| Tangible fixed assets | 22/27 | €7,659,551 | €7,978,751 | +€319,200 | +4.2% |
| Land and buildings | 22 | €7,655,501 | €7,975,050 | +€319,549 | +4.2% |
| Furniture and vehicles | 24 | €4,050 | €3,701 | -€349 | -8.6% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €330,202 | €789,947 | +€459,745 | +139% |
| Amounts receivable within one year | 40/41 | €280,001 | €73,398 | -€206,603 | -73.8% |
| Trade receivables | 40 | €240,282 | €68,899 | -€171,383 | -71.3% |
| Other amounts receivable | 41 | €39,719 | €4,499 | -€35,220 | -88.7% |
| Cash at bank and in hand | 54/58 | €43,298 | €711,135 | +€667,837 | +1,542% |
| Deferred charges and accrued income | 490/1 | €6,903 | €5,414 | -€1,489 | -21.6% |
| Total equity and liabilities | 10/49 | €7,993,503 | €8,772,448 | +€778,945 | +9.7% |
| Equity | 10/15 | €905,392 | €970,666 | +€65,273 | +7.2% |
| Contributions | 10/11 | €131,500 | €131,500 | = | 0.0% |
| Capital | 10 | €131,500 | €131,500 | = | 0.0% |
| Issued capital | 100 | €131,500 | €131,500 | = | 0.0% |
| Reserves | 13 | €773,892 | €839,166 | +€65,273 | +8.4% |
| Non-distributable reserves | 130/1 | €13,150 | €13,150 | = | 0.0% |
| Legal reserve | 130 | €13,150 | €13,150 | = | 0.0% |
| Distributable reserves | 133 | €760,742 | €826,016 | +€65,273 | +8.6% |
| Amounts payable | 17/49 | €7,088,111 | €7,801,783 | +€713,672 | +10.1% |
| Amounts payable after more than one year | 17 | €6,253,057 | €6,909,185 | +€656,128 | +10.5% |
| Financial debts | 170/4 | €6,253,057 | €6,909,185 | +€656,128 | +10.5% |
| Amounts payable within one year | 42/48 | €807,308 | €873,498 | +€66,190 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €685,540 | €693,872 | +€8,331 | +1.2% |
| Trade debts | 44 | €5,583 | €85,800 | +€80,216 | +1,437% |
| Suppliers | 440/4 | €5,583 | €85,800 | +€80,216 | +1,437% |
| Taxes, remuneration and social security | 45 | €7,149 | €21,791 | +€14,642 | +205% |
| Taxes | 450/3 | €7,149 | €21,791 | +€14,642 | +205% |
| Other amounts payable | 47/48 | €109,035 | €72,035 | -€37,000 | -33.9% |
| Accrued charges and deferred income | 492/3 | €27,746 | €19,100 | -€8,646 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453,502 | €483,703 | +€30,200 | +6.7% |
| Other operating charges | 640/8 | €47,714 | €49,645 | +€1,931 | +4.0% |
| Gross operating margin | 9900 | €769,919 | €772,664 | +€2,745 | +0.4% |
| Operating profit (loss) | 9901 | €268,702 | €239,317 | -€29,385 | -10.9% |
| Financial income | 75/76B | €14,175 | €6,269 | -€7,906 | -55.8% |
| Recurring financial income | 75 | €14,175 | €6,269 | -€7,906 | -55.8% |
| Financial charges | 65/66B | €154,162 | €157,673 | +€3,511 | +2.3% |
| Recurring financial charges | 65 | €154,162 | €157,673 | +€3,511 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €128,714 | €87,913 | -€40,802 | -31.7% |
| Income taxes | 67/77 | €26,582 | €22,639 | -€3,942 | -14.8% |
| Profit (loss) for the period | 9904 | €102,133 | €65,273 | -€36,860 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,133 | €65,273 | -€36,860 | -36.1% |
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 13 October 2026 via checked.be.