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 -€16,629
down €16,629 (-2.8%), from €584,275 to €567,647
of which Land and buildings: -€16,762
- Receivables within one year -€14,840
down €14,840 (-3.9%), from €376,645 to €361,805
of which Other amounts receivable: -€12,740
- Cash +€10,389
up €10,389 (+3613.7%), from €287 to €10,677
mainly Depreciation (+€43,663) and Accrued charges and deferred income (+€17,034)
- Debts after one year -€17,193
down €17,193 (-10.5%), from €163,971 to €146,778
- Accrued charges and deferred income +€17,034
new in 2025: €17,034
- Trade debts -€14,996
down €14,996 (-57.3%), from €26,184 to €11,188
- Provisions -€12,382
down €12,382 (-26.5%), from €46,653 to €34,271
of which Provisions for liabilities and charges: -€11,089
- Gross operating margin +€31,806
up €31,806 (+122.0%), from €26,081 to €57,887
- Provisions +€22,500
no longer reported in 2025 (was -€22,500)
- Financial income -€2,725
down €2,725 (-100.0%), from €2,725 to €0
- Other operating charges +€2,108
up €2,108 (+34.2%), from €6,160 to €8,268
- Depreciation +€1,159
up €1,159 (+2.7%), from €42,504 to €43,663
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 | €1,033,704 | €1,012,341 | -€21,363 | -2.1% |
| Fixed assets | 21/28 | €584,275 | €567,647 | -€16,629 | -2.8% |
| Tangible fixed assets | 22/27 | €584,275 | €567,647 | -€16,629 | -2.8% |
| Land and buildings | 22 | €508,018 | €491,256 | -€16,762 | -3.3% |
| Plant, machinery and equipment | 23 | €1,924 | €2,639 | +€715 | +37.1% |
| Furniture and vehicles | 24 | €74,333 | €73,752 | -€581 | -0.8% |
| Current assets | 29/58 | €449,428 | €444,694 | -€4,734 | -1.1% |
| Amounts receivable after more than one year | 29 | €63,145 | €63,145 | = | 0.0% |
| Other amounts receivable | 291 | €63,145 | €63,145 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €376,645 | €361,805 | -€14,840 | -3.9% |
| Trade receivables | 40 | €2,100 | - | -€2,100 | |
| Other amounts receivable | 41 | €374,545 | €361,805 | -€12,740 | -3.4% |
| Cash at bank and in hand | 54/58 | €287 | €10,677 | +€10,389 | +3613.7% |
| Deferred charges and accrued income | 490/1 | €9,350 | €9,067 | -€283 | -3.0% |
| Total equity and liabilities | 10/49 | €1,033,704 | €1,012,341 | -€21,363 | -2.1% |
| Equity | 10/15 | €447,723 | €449,152 | +€1,429 | +0.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €347,723 | €349,152 | +€1,429 | +0.4% |
| Non-distributable reserves | 130/1 | €11,400 | €11,400 | = | 0.0% |
| Legal reserve | 130 | €11,400 | €11,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,985 | €77,107 | -€3,878 | -4.8% |
| Distributable reserves | 133 | €255,338 | €260,645 | +€5,307 | +2.1% |
| Provisions and deferred taxes | 16 | €46,653 | €34,271 | -€12,382 | -26.5% |
| Provisions for liabilities and charges | 160/5 | €22,500 | €11,411 | -€11,089 | -49.3% |
| Major repairs and maintenance | 162 | €22,500 | €11,411 | -€11,089 | -49.3% |
| Deferred taxes | 168 | €24,153 | €22,860 | -€1,293 | -5.4% |
| Amounts payable | 17/49 | €539,327 | €528,918 | -€10,409 | -1.9% |
| Amounts payable after more than one year | 17 | €163,971 | €146,778 | -€17,193 | -10.5% |
| Financial debts | 170/4 | €163,971 | €146,778 | -€17,193 | -10.5% |
| Amounts payable within one year | 42/48 | €375,357 | €365,106 | -€10,250 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €31,702 | €40,873 | +€9,171 | +28.9% |
| Trade debts | 44 | €26,184 | €11,188 | -€14,996 | -57.3% |
| Suppliers | 440/4 | €26,184 | €11,188 | -€14,996 | -57.3% |
| Taxes, remuneration and social security | 45 | €844 | €854 | +€10 | +1.2% |
| Taxes | 450/3 | €844 | €854 | +€10 | +1.2% |
| Other amounts payable | 47/48 | €316,627 | €312,192 | -€4,435 | -1.4% |
| Accrued charges and deferred income | 492/3 | - | €17,034 | +€17,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,504 | €43,663 | +€1,159 | +2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,500 | - | +€22,500 | |
| Other operating charges | 640/8 | €6,160 | €8,268 | +€2,108 | +34.2% |
| Gross operating margin | 9900 | €26,081 | €57,887 | +€31,806 | +122.0% |
| Operating profit (loss) | 9901 | -€83 | €5,956 | +€6,039 | |
| Financial income | 75/76B | €2,725 | €0 | -€2,725 | -100.0% |
| Recurring financial income | 75 | €2,725 | €0 | -€2,725 | -100.0% |
| Financial charges | 65/66B | €6,004 | €4,967 | -€1,037 | -17.3% |
| Recurring financial charges | 65 | €6,004 | €4,967 | -€1,037 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,362 | €990 | +€4,351 | |
| Transfer from deferred taxes | 780 | €1,293 | €1,293 | = | 0.0% |
| Income taxes | 67/77 | €844 | €854 | +€10 | +1.1% |
| Profit (loss) for the period | 9904 | -€2,913 | €1,429 | +€4,342 | |
| Transfer from tax-exempt reserves | 789 | €3,878 | €3,878 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €965 | €5,307 | +€4,342 | +450.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.