IMMOPLAST: 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.
IMMOPLAST
Largest movements
- Current investments +€12.9m
new in 2025: €12.9m
- Tangible fixed assets -€8.1m
down €8.1m (-100%), from €8.1m to €0
- Receivables within one year +€582,274
up €582,274 (+80,925%), from €720 to €582,994
of which Other amounts receivable: +€581,040
- Reserves +€5.8m
up €5.8m (+188%), from €3.1m to €8.9m
of which Distributable reserves: +€8.4m
- Profit (loss) carried forward +€4.9m
up €4.9m, from -€4.9m to €0
- Debts after one year -€3.1m
down €3.1m (-100%), from €3.1m to €0
- Investment grants -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Provisions -€940,736
down €940,736 (-100%), from €940,736 to €0
- Gross operating margin +€11.8m
up €11.8m (+3,074%), from €383,497 to €12.2m
- Taxes +€3.1m
new in 2025: €3.1m
- Financial income +€1.4m
up €1.4m (+1,203%), from €113,041 to €1.5m
- Depreciation -€437,578
down €437,578 (-100%), from €437,578 to €0
- Write-downs -€414,530
down €414,530 (-100%), from €414,530 to €0
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,115,152 | €13,489,535 | +€5.4m | +66.2% |
| Fixed assets | 21/28 | €8,092,901 | €0 | -€8.1m | -100% |
| Tangible fixed assets | 22/27 | €8,092,901 | €0 | -€8.1m | -100% |
| Land and buildings | 22 | €8,092,901 | €0 | -€8.1m | -100% |
| Current assets | 29/58 | €22,251 | €13,489,535 | +€13.5m | +60,524% |
| Amounts receivable within one year | 40/41 | €720 | €582,994 | +€582,274 | +80,925% |
| Trade receivables | 40 | €185 | €1,419 | +€1,234 | +668% |
| Other amounts receivable | 41 | €535 | €581,575 | +€581,040 | +108,632% |
| Current investments | 50/53 | - | €12,892,400 | +€12.9m | |
| Cash at bank and in hand | 54/58 | €21,532 | €2,395 | -€19,137 | -88.9% |
| Deferred charges and accrued income | 490/1 | - | €11,746 | +€11,746 | |
| Total equity and liabilities | 10/49 | €8,115,152 | €13,489,535 | +€5.4m | +66.2% |
| Equity | 10/15 | €1,829,623 | €11,177,908 | +€9.3m | +511% |
| Contributions | 10/11 | €2,263,000 | €2,263,000 | = | 0.0% |
| Capital | 10 | €2,263,000 | €2,263,000 | = | 0.0% |
| Issued capital | 100 | €2,263,000 | €2,263,000 | = | 0.0% |
| Reserves | 13 | €3,100,730 | €8,914,908 | +€5.8m | +188% |
| Non-distributable reserves | 130/1 | €23,847 | €226,300 | +€202,453 | +849% |
| Legal reserve | 130 | €23,847 | €226,300 | +€202,453 | +849% |
| Tax-exempt reserves | 132 | €2,822,208 | €0 | -€2.8m | -100% |
| Distributable reserves | 133 | €254,675 | €8,688,608 | +€8.4m | +3,312% |
| Profit (loss) carried forward | 14 | -€4,937,358 | €0 | +€4.9m | |
| Investment grants | 15 | €1,403,251 | €0 | -€1.4m | -100% |
| Provisions and deferred taxes | 16 | €940,736 | €0 | -€940,736 | -100% |
| Deferred taxes | 168 | €940,736 | €0 | -€940,736 | -100% |
| Amounts payable | 17/49 | €5,344,793 | €2,311,627 | -€3.0m | -56.7% |
| Amounts payable after more than one year | 17 | €3,067,388 | €0 | -€3.1m | -100% |
| Financial debts | 170/4 | €3,067,388 | €0 | -€3.1m | -100% |
| Amounts payable within one year | 42/48 | €2,277,405 | €2,308,103 | +€30,697 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €236,211 | €0 | -€236,211 | -100% |
| Trade debts | 44 | - | €17 | +€17 | |
| Suppliers | 440/4 | - | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | €23,538 | €60,953 | +€37,415 | +159% |
| Taxes | 450/3 | €23,538 | €60,953 | +€37,415 | +159% |
| Other amounts payable | 47/48 | €2,017,657 | €2,247,133 | +€229,476 | +11.4% |
| Accrued charges and deferred income | 492/3 | - | €3,524 | +€3,524 | |
| Non-recurring operating income | 76A | - | €12,907,099 | +€12.9m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437,578 | €0 | -€437,578 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €414,530 | €0 | -€414,530 | -100% |
| Other operating charges | 640/8 | €78,989 | €253,597 | +€174,608 | +221% |
| Non-recurring operating charges | 66A | €1,023,403 | €0 | -€1.0m | -100% |
| Gross operating margin | 9900 | €383,497 | €12,171,405 | +€11.8m | +3,074% |
| Operating profit (loss) | 9901 | -€1,571,002 | €11,917,808 | +€13.5m | |
| Financial income | 75/76B | €113,041 | €1,472,584 | +€1.4m | +1,203% |
| Recurring financial income | 75 | €113,041 | €1,472,584 | +€1.4m | +1,203% |
| Financial charges | 65/66B | €153,178 | €527,156 | +€373,978 | +244% |
| Recurring financial charges | 65 | €153,178 | €527,156 | +€373,978 | +244% |
| Profit (loss) for the period before taxes | 9903 | -€1,611,139 | €12,863,236 | +€14.5m | |
| Transfer from deferred taxes | 780 | €75,782 | €940,736 | +€864,954 | +1,141% |
| Income taxes | 67/77 | - | €3,052,436 | +€3.1m | |
| Profit (loss) for the period | 9904 | -€1,535,357 | €10,751,536 | +€12.3m | |
| Transfer from tax-exempt reserves | 789 | €227,346 | €2,822,208 | +€2.6m | +1,141% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,308,011 | €13,573,745 | +€14.9m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.