IMMOPIC: 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.
IMMOPIC
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€291,123
down €291,123 (-93.9%), from €310,038 to €18,915
mainly Current investments (-€300,000) and Provisions (-€52,579)
- Tangible fixed assets -€58,915
down €58,915 (-10.5%), from €560,550 to €501,634
of which Land and buildings: -€58,523
- Provisions -€52,579
down €52,579 (-35.6%), from €147,517 to €94,938
- Financial income -€10,277
down €10,277 (-97.9%), from €10,502 to €225
- Financial charges -€4,336
down €4,336 (-49.9%), from €8,687 to €4,351
- Other operating charges -€2,811
down €2,811 (-30.7%), from €9,145 to €6,334
- Taxes +€2,213
up €2,213, from -€558 to €1,655
- Gross operating margin +€1,866
up €1,866 (+9.5%), from €19,663 to €21,530
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 | €1,372,216 | €1,319,257 | -€52,959 | -3.9% |
| Fixed assets | 21/28 | €1,033,050 | €974,134 | -€58,915 | -5.7% |
| Tangible fixed assets | 22/27 | €560,550 | €501,634 | -€58,915 | -10.5% |
| Land and buildings | 22 | €558,825 | €500,301 | -€58,523 | -10.5% |
| Plant, machinery and equipment | 23 | €1,725 | €1,333 | -€392 | -22.7% |
| Financial fixed assets | 28 | €472,500 | €472,500 | = | 0.0% |
| Current assets | 29/58 | €339,166 | €345,122 | +€5,957 | +1.8% |
| Amounts receivable within one year | 40/41 | €27,628 | €24,707 | -€2,921 | -10.6% |
| Other amounts receivable | 41 | €27,628 | €24,707 | -€2,921 | -10.6% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €310,038 | €18,915 | -€291,123 | -93.9% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,372,216 | €1,319,257 | -€52,959 | -3.9% |
| Equity | 10/15 | €1,114,383 | €1,117,462 | +€3,078 | +0.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €548,754 | €547,083 | -€1,671 | -0.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €286,483 | €284,813 | -€1,671 | -0.6% |
| Distributable reserves | 133 | €247,271 | €247,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €415,629 | €420,378 | +€4,749 | +1.1% |
| Provisions and deferred taxes | 16 | €147,517 | €94,938 | -€52,579 | -35.6% |
| Deferred taxes | 168 | €147,517 | €94,938 | -€52,579 | -35.6% |
| Amounts payable | 17/49 | €110,316 | €106,858 | -€3,458 | -3.1% |
| Amounts payable within one year | 42/48 | €108,816 | €106,858 | -€1,958 | -1.8% |
| Trade debts | 44 | €1,437 | €1,500 | +€63 | +4.4% |
| Suppliers | 440/4 | €1,437 | €1,500 | +€63 | +4.4% |
| Taxes, remuneration and social security | 45 | €2,455 | €4,082 | +€1,627 | +66.3% |
| Taxes | 450/3 | €1,584 | €2,846 | +€1,262 | +79.6% |
| Remuneration and social security | 454/9 | €871 | €1,236 | +€366 | +42.0% |
| Other amounts payable | 47/48 | €104,924 | €101,276 | -€3,648 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,740 | €58,915 | +€175 | +0.3% |
| Other operating charges | 640/8 | €9,145 | €6,334 | -€2,811 | -30.7% |
| Gross operating margin | 9900 | €19,663 | €21,530 | +€1,866 | +9.5% |
| Operating profit (loss) | 9901 | -€48,222 | -€43,720 | +€4,502 | +9.3% |
| Financial income | 75/76B | €10,502 | €225 | -€10,277 | -97.9% |
| Recurring financial income | 75 | €10,502 | €225 | -€10,277 | -97.9% |
| Financial charges | 65/66B | €8,687 | €4,351 | -€4,336 | -49.9% |
| Recurring financial charges | 65 | €8,687 | €4,351 | -€4,336 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,407 | -€47,846 | -€1,439 | -3.1% |
| Transfer from deferred taxes | 780 | €18,440 | €13,563 | -€4,877 | -26.4% |
| Income taxes | 67/77 | -€558 | €1,655 | +€2,213 | |
| Profit (loss) for the period | 9904 | -€27,409 | -€35,938 | -€8,529 | -31.1% |
| Transfer from tax-exempt reserves | 789 | €35,810 | €40,688 | +€4,877 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,401 | €4,749 | -€3,652 | -43.5% |
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 1 October 2026 via checked.be.