IMMOPEN: 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.
IMMOPEN
Largest movements
- Tangible fixed assets -€29,046
down €29,046 (-15.3%), from €189,354 to €160,308
- Current investments +€11,045
up €11,045 (+22.3%), from €49,468 to €60,512
- Cash +€6,789
up €6,789 (+517.8%), from €1,311 to €8,101
mainly Depreciation (+€29,046) and Debts after one year (+€1,977)
- Profit (loss) carried forward -€9,799
down €9,799 (-9.0%), from €108,639 to €98,840
- Depreciation +€12,209
up €12,209 (+72.5%), from €16,837 to €29,046
- Gross operating margin +€3,457
up €3,457 (+15.0%), from €23,030 to €26,487
- Financial income -€631
down €631 (-99.6%), from €633 to €2
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 | €246,048 | €235,756 | -€10,292 | -4.2% |
| Fixed assets | 21/28 | €189,354 | €160,308 | -€29,046 | -15.3% |
| Tangible fixed assets | 22/27 | €189,354 | €160,308 | -€29,046 | -15.3% |
| Land and buildings | 22 | €123,397 | €108,908 | -€14,489 | -11.7% |
| Plant, machinery and equipment | 23 | €2,365 | €1,858 | -€507 | -21.5% |
| Furniture and vehicles | 24 | €63,592 | €49,542 | -€14,050 | -22.1% |
| Current assets | 29/58 | €56,694 | €75,448 | +€18,754 | +33.1% |
| Amounts receivable within one year | 40/41 | €2,422 | €2,927 | +€505 | +20.8% |
| Other amounts receivable | 41 | €2,422 | €2,927 | +€505 | +20.8% |
| Current investments | 50/53 | €49,468 | €60,512 | +€11,045 | +22.3% |
| Cash at bank and in hand | 54/58 | €1,311 | €8,101 | +€6,789 | +517.8% |
| Deferred charges and accrued income | 490/1 | €3,493 | €3,908 | +€415 | +11.9% |
| Total equity and liabilities | 10/49 | €246,048 | €235,756 | -€10,292 | -4.2% |
| Equity | 10/15 | €223,953 | €214,154 | -€9,799 | -4.4% |
| Contributions | 10/11 | €101,000 | €101,000 | = | 0.0% |
| Capital | 10 | €101,000 | €101,000 | = | 0.0% |
| Issued capital | 100 | €101,000 | €101,000 | = | 0.0% |
| Reserves | 13 | €14,314 | €14,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,100 | €10,100 | = | 0.0% |
| Legal reserve | 130 | €10,100 | €10,100 | = | 0.0% |
| Distributable reserves | 133 | €4,214 | €4,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,639 | €98,840 | -€9,799 | -9.0% |
| Amounts payable | 17/49 | €22,095 | €21,602 | -€493 | -2.2% |
| Amounts payable after more than one year | 17 | €11,253 | €13,230 | +€1,977 | +17.6% |
| Other amounts payable | 178/9 | €11,253 | €13,230 | +€1,977 | +17.6% |
| Amounts payable within one year | 42/48 | €9,497 | €7,781 | -€1,716 | -18.1% |
| Trade debts | 44 | €5,798 | €4,196 | -€1,601 | -27.6% |
| Suppliers | 440/4 | €5,798 | €4,196 | -€1,601 | -27.6% |
| Other amounts payable | 47/48 | €3,699 | €3,585 | -€115 | -3.1% |
| Accrued charges and deferred income | 492/3 | €1,345 | €591 | -€754 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,837 | €29,046 | +€12,209 | +72.5% |
| Other operating charges | 640/8 | €6,577 | €6,706 | +€129 | +2.0% |
| Gross operating margin | 9900 | €23,030 | €26,487 | +€3,457 | +15.0% |
| Operating profit (loss) | 9901 | -€384 | -€9,265 | -€8,881 | -2315.6% |
| Financial income | 75/76B | €633 | €2 | -€631 | -99.6% |
| Recurring financial income | 75 | €633 | €2 | -€631 | -99.6% |
| Financial charges | 65/66B | €79 | €78 | -€1 | -1.3% |
| Recurring financial charges | 65 | €79 | €78 | -€1 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €170 | -€9,340 | -€9,511 | |
| Income taxes | 67/77 | €303 | €458 | +€155 | +51.3% |
| Profit (loss) for the period | 9904 | -€132 | -€9,799 | -€9,666 | -7302.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€132 | -€9,799 | -€9,666 | -7302.5% |
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 5 October 2026 via checked.be.