IMMOPHI: 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.
IMMOPHI
Largest movements
- Tangible fixed assets -€114,048
down €114,048 (-8.1%), from €1.4m to €1.3m
of which Land and buildings: -€113,074
- Receivables within one year -€90,663
down €90,663 (-65.9%), from €137,500 to €46,837
- Profit (loss) carried forward -€164,175
down €164,175 (-31.0%), from -€529,846 to -€694,021
- Debts after one year -€51,699
down €51,699 (-62.9%), from €82,192 to €30,493
- Gross operating margin -€128,967
down €128,967, from €86,690 to -€42,277
- Purchases and services +€100,179
up €100,179 (+112%), from €89,255 to €189,434
- Turnover +€36,717
up €36,717 (+37.7%), from €97,419 to €134,136
- Taxes -€13,575
down €13,575 (-98.7%), from €13,750 to €176
- Depreciation -€6,434
down €6,434 (-5.3%), from €120,482 to €114,048
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 | €1,573,899 | €1,366,745 | -€207,155 | -13.2% |
| Fixed assets | 21/28 | €1,416,491 | €1,302,443 | -€114,048 | -8.1% |
| Tangible fixed assets | 22/27 | €1,416,491 | €1,302,443 | -€114,048 | -8.1% |
| Land and buildings | 22 | €1,415,184 | €1,302,110 | -€113,074 | -8.0% |
| Plant, machinery and equipment | 23 | €44 | €0 | -€44 | -100% |
| Furniture and vehicles | 24 | €1,263 | €333 | -€930 | -73.6% |
| Current assets | 29/58 | €157,408 | €64,302 | -€93,106 | -59.1% |
| Amounts receivable within one year | 40/41 | €137,500 | €46,837 | -€90,663 | -65.9% |
| Other amounts receivable | 41 | €137,500 | €46,837 | -€90,663 | -65.9% |
| Current investments | 50/53 | €1,200 | €1,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,687 | €5,000 | -€1,687 | -25.2% |
| Deferred charges and accrued income | 490/1 | €12,021 | €11,265 | -€756 | -6.3% |
| Total equity and liabilities | 10/49 | €1,573,899 | €1,366,745 | -€207,155 | -13.2% |
| Equity | 10/15 | €1,315,054 | €1,150,879 | -€164,175 | -12.5% |
| Contributions | 10/11 | €1,840,000 | €1,840,000 | = | 0.0% |
| Capital | 10 | €1,840,000 | €1,840,000 | = | 0.0% |
| Issued capital | 100 | €1,840,000 | €1,840,000 | = | 0.0% |
| Reserves | 13 | €4,901 | €4,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,893 | €4,893 | = | 0.0% |
| Legal reserve | 130 | €103 | €103 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,790 | €4,790 | = | 0.0% |
| Distributable reserves | 133 | €8 | €8 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€529,846 | -€694,021 | -€164,175 | -31.0% |
| Amounts payable | 17/49 | €258,845 | €215,866 | -€42,980 | -16.6% |
| Amounts payable after more than one year | 17 | €82,192 | €30,493 | -€51,699 | -62.9% |
| Financial debts | 170/4 | €82,192 | €30,493 | -€51,699 | -62.9% |
| Amounts payable within one year | 42/48 | €176,653 | €185,372 | +€8,719 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €50,981 | €51,699 | +€718 | +1.4% |
| Trade debts | 44 | €979 | €7,650 | +€6,671 | +681% |
| Suppliers | 440/4 | €979 | €7,650 | +€6,671 | +681% |
| Taxes, remuneration and social security | 45 | €494 | €505 | +€11 | +2.2% |
| Taxes | 450/3 | €494 | €505 | +€11 | +2.2% |
| Other amounts payable | 47/48 | €124,199 | €125,519 | +€1,320 | +1.1% |
| Turnover | 70 | €97,419 | €134,136 | +€36,717 | +37.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €89,255 | €189,434 | +€100,179 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,482 | €114,048 | -€6,434 | -5.3% |
| Other operating charges | 640/8 | €1,048 | €968 | -€81 | -7.7% |
| Gross operating margin | 9900 | €86,690 | -€42,277 | -€128,967 | |
| Operating profit (loss) | 9901 | -€34,841 | -€157,293 | -€122,453 | -351% |
| Financial income | 75/76B | €295 | €2 | -€293 | -99.3% |
| Recurring financial income | 75 | €295 | €2 | -€293 | -99.3% |
| Financial charges | 65/66B | €6,844 | €6,708 | -€136 | -2.0% |
| Recurring financial charges | 65 | €6,844 | €6,708 | -€136 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,390 | -€163,999 | -€122,609 | -296% |
| Income taxes | 67/77 | €13,750 | €176 | -€13,575 | -98.7% |
| Profit (loss) for the period | 9904 | -€55,140 | -€164,175 | -€109,035 | -198% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,140 | -€164,175 | -€109,035 | -198% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.