IMMOPHTANES: 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.
IMMOPHTANES
Largest movements
- Tangible fixed assets -€19,684
down €19,684 (-1.5%), from €1.3m to €1.3m
- Other debts +€45,955
up €45,955 (+51.2%), from €89,832 to €135,787
- Current portion of long-term debt -€38,938
down €38,938 (-64.8%), from €60,094 to €21,156
- Debts after one year -€21,156
down €21,156 (-8.4%), from €251,120 to €229,964
- Gross operating margin -€11,769
down €11,769 (-20.5%), from €57,475 to €45,706
- Depreciation -€5,771
down €5,771 (-11.4%), from €50,600 to €44,829
- Taxes -€1,140
down €1,140, from €1,000 to -€140
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 | €1,327,118 | €1,302,050 | -€25,068 | -1.9% |
| Fixed assets | 21/28 | €1,275,455 | €1,255,771 | -€19,684 | -1.5% |
| Tangible fixed assets | 22/27 | €1,275,455 | €1,255,771 | -€19,684 | -1.5% |
| Land and buildings | 22 | €1,275,455 | €1,255,771 | -€19,684 | -1.5% |
| Current assets | 29/58 | €51,663 | €46,279 | -€5,384 | -10.4% |
| Amounts receivable within one year | 40/41 | €0 | €5,000 | +€5,000 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €51,663 | €41,279 | -€10,384 | -20.1% |
| Total equity and liabilities | 10/49 | €1,327,118 | €1,302,050 | -€25,068 | -1.9% |
| Equity | 10/15 | €926,072 | €914,123 | -€11,949 | -1.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €93,000 | €93,000 | = | 0.0% |
| Distributable reserves | 133 | €93,000 | €93,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €825,012 | €813,063 | -€11,949 | -1.4% |
| Amounts payable | 17/49 | €401,045 | €387,927 | -€13,119 | -3.3% |
| Amounts payable after more than one year | 17 | €251,120 | €229,964 | -€21,156 | -8.4% |
| Financial debts | 170/4 | €251,120 | €229,964 | -€21,156 | -8.4% |
| Amounts payable within one year | 42/48 | €149,925 | €157,963 | +€8,037 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €60,094 | €21,156 | -€38,938 | -64.8% |
| Trade debts | 44 | €0 | €1,020 | +€1,020 | |
| Suppliers | 440/4 | €0 | €1,020 | +€1,020 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €89,832 | €135,787 | +€45,955 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,600 | €44,829 | -€5,771 | -11.4% |
| Other operating charges | 640/8 | €4,096 | €4,206 | +€109 | +2.7% |
| Gross operating margin | 9900 | €57,475 | €45,706 | -€11,769 | -20.5% |
| Operating profit (loss) | 9901 | €2,779 | -€3,329 | -€6,107 | |
| Financial income | 75/76B | €730 | €262 | -€467 | -64.0% |
| Recurring financial income | 75 | €730 | €262 | -€467 | -64.0% |
| Financial charges | 65/66B | €9,127 | €9,023 | -€104 | -1.1% |
| Recurring financial charges | 65 | €9,127 | €9,023 | -€104 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,619 | -€12,089 | -€6,471 | -115% |
| Income taxes | 67/77 | €1,000 | -€140 | -€1,140 | |
| Profit (loss) for the period | 9904 | -€6,619 | -€11,949 | -€5,330 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,619 | -€11,949 | -€5,330 | -80.5% |
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 28 October 2026 via checked.be.