IMMOPHAR: 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.
IMMOPHAR
Largest movements
- Tangible fixed assets -€34,689
down €34,689 (-4.1%), from €854,395 to €819,706
- Other debts +€48,565
up €48,565 (+18.5%), from €262,494 to €311,059
- Debts after one year -€30,499
down €30,499 (-26.3%), from €115,901 to €85,402
- Profit (loss) carried forward -€30,413
down €30,413 (-81.5%), from €37,310 to €6,897
- Reserves -€19,309
down €19,309 (-5.8%), from €333,369 to €314,060
of which Tax-exempt reserves: -€19,309
- Depreciation +€7,230
up €7,230 (+17.8%), from €40,531 to €47,761
- Gross operating margin -€6,824
down €6,824 (-50.6%), from €13,479 to €6,655
- Taxes -€1,645
down €1,645 (-100.0%), from €1,645 to €0
- Other operating charges +€650
up €650 (+10.1%), from €6,432 to €7,082
- Financial charges -€191
down €191 (-11.1%), from €1,726 to €1,535
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 | €855,363 | €819,773 | -€35,590 | -4.2% |
| Fixed assets | 21/28 | €854,395 | €819,706 | -€34,689 | -4.1% |
| Tangible fixed assets | 22/27 | €854,395 | €819,706 | -€34,689 | -4.1% |
| Land and buildings | 22 | €854,395 | €819,706 | -€34,689 | -4.1% |
| Current assets | 29/58 | €968 | €67 | -€901 | -93.1% |
| Amounts receivable within one year | 40/41 | €0 | €55 | +€55 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €55 | +€55 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €968 | €12 | -€956 | -98.8% |
| Total equity and liabilities | 10/49 | €855,363 | €819,773 | -€35,590 | -4.2% |
| Equity | 10/15 | €432,652 | €382,930 | -€49,723 | -11.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €333,369 | €314,060 | -€19,309 | -5.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €327,172 | €307,863 | -€19,309 | -5.9% |
| Profit (loss) carried forward | 14 | €37,310 | €6,897 | -€30,413 | -81.5% |
| Amounts payable | 17/49 | €422,711 | €436,843 | +€14,132 | +3.3% |
| Amounts payable after more than one year | 17 | €115,901 | €85,402 | -€30,499 | -26.3% |
| Financial debts | 170/4 | €115,901 | €85,402 | -€30,499 | -26.3% |
| Amounts payable within one year | 42/48 | €306,808 | €351,345 | +€44,537 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €34,594 | €34,886 | +€292 | +0.8% |
| Financial debts | 43 | €89 | €4,224 | +€4,135 | +4642.5% |
| Credit institutions | 430/8 | €89 | €4,224 | +€4,135 | +4642.5% |
| Trade debts | 44 | €9,573 | €1,176 | -€8,397 | -87.7% |
| Suppliers | 440/4 | €9,573 | €1,176 | -€8,397 | -87.7% |
| Taxes, remuneration and social security | 45 | €58 | €0 | -€58 | -100.0% |
| Taxes | 450/3 | €58 | €0 | -€58 | -100.0% |
| Other amounts payable | 47/48 | €262,494 | €311,059 | +€48,565 | +18.5% |
| Accrued charges and deferred income | 492/3 | €1 | €96 | +€95 | +6534.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,531 | €47,761 | +€7,230 | +17.8% |
| Other operating charges | 640/8 | €6,432 | €7,082 | +€650 | +10.1% |
| Gross operating margin | 9900 | €13,479 | €6,655 | -€6,824 | -50.6% |
| Operating profit (loss) | 9901 | -€33,484 | -€48,187 | -€14,703 | -43.9% |
| Financial charges | 65/66B | €1,726 | €1,535 | -€191 | -11.1% |
| Recurring financial charges | 65 | €1,726 | €1,535 | -€191 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,210 | -€49,723 | -€14,512 | -41.2% |
| Income taxes | 67/77 | €1,645 | €0 | -€1,645 | -100.0% |
| Profit (loss) for the period | 9904 | -€36,855 | -€49,723 | -€12,867 | -34.9% |
| Transfer from tax-exempt reserves | 789 | €20,932 | €19,309 | -€1,623 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,924 | -€30,413 | -€14,490 | -91.0% |
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.