IMMOPOEL: 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.
IMMOPOEL
Largest movements
- Receivables within one year +€115,151
up €115,151 (+8,729%), from €1,319 to €116,471
of which Trade receivables: +€116,471
- Cash +€39,942
up €39,942 (+212%), from €18,878 to €58,819
mainly Net result for the year (+€101,771) and Other debts (+€97,708)
- Tangible fixed assets -€30,097
down €30,097 (-3.6%), from €844,574 to €814,477
- Other debts +€97,708
up €97,708 (+4,262%), from €2,292 to €100,000
- Trade debts +€75,716
up €75,716 (+966%), from €7,842 to €83,557
- Debts after one year -€66,904
no longer reported in 2025 (was €66,904)
- Tax, wage and social debts +€38,046
new in 2025: €38,046
- Current portion of long-term debt -€19,277
down €19,277 (-22.4%), from €86,182 to €66,904
- Gross operating margin +€138,298
up €138,298 (+91.1%), from €151,743 to €290,041
- Taxes +€28,777
up €28,777 (+317%), from €9,071 to €37,848
- Other operating charges +€27,381
up €27,381 (+31.1%), from €88,133 to €115,514
- Depreciation +€7,524
up €7,524 (+33.3%), from €22,573 to €30,097
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €864,770 | €991,829 | +€127,058 | +14.7% |
| Fixed assets | 21/28 | €844,574 | €814,477 | -€30,097 | -3.6% |
| Tangible fixed assets | 22/27 | €844,574 | €814,477 | -€30,097 | -3.6% |
| Land and buildings | 22 | €844,574 | €814,477 | -€30,097 | -3.6% |
| Current assets | 29/58 | €20,197 | €177,352 | +€157,155 | +778% |
| Amounts receivable within one year | 40/41 | €1,319 | €116,471 | +€115,151 | +8,729% |
| Trade receivables | 40 | - | €116,471 | +€116,471 | |
| Other amounts receivable | 41 | €1,319 | - | -€1,319 | |
| Cash at bank and in hand | 54/58 | €18,878 | €58,819 | +€39,942 | +212% |
| Deferred charges and accrued income | 490/1 | - | €2,062 | +€2,062 | |
| Total equity and liabilities | 10/49 | €864,770 | €991,829 | +€127,058 | +14.7% |
| Equity | 10/15 | €701,551 | €703,321 | +€1,771 | +0.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €31,771 | +€1,771 | +5.9% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | - | €1,771 | +€1,771 | |
| Profit (loss) carried forward | 14 | €371,551 | €371,551 | = | 0.0% |
| Amounts payable | 17/49 | €163,220 | €288,508 | +€125,288 | +76.8% |
| Amounts payable after more than one year | 17 | €66,904 | - | -€66,904 | |
| Financial debts | 170/4 | €66,904 | - | -€66,904 | |
| Amounts payable within one year | 42/48 | €96,316 | €288,508 | +€192,192 | +200% |
| Current portion of amounts payable after more than one year | 42 | €86,182 | €66,904 | -€19,277 | -22.4% |
| Trade debts | 44 | €7,842 | €83,557 | +€75,716 | +966% |
| Suppliers | 440/4 | €7,842 | €83,557 | +€75,716 | +966% |
| Taxes, remuneration and social security | 45 | - | €38,046 | +€38,046 | |
| Taxes | 450/3 | - | €38,046 | +€38,046 | |
| Other amounts payable | 47/48 | €2,292 | €100,000 | +€97,708 | +4,262% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,573 | €30,097 | +€7,524 | +33.3% |
| Other operating charges | 640/8 | €88,133 | €115,514 | +€27,381 | +31.1% |
| Gross operating margin | 9900 | €151,743 | €290,041 | +€138,298 | +91.1% |
| Operating profit (loss) | 9901 | €41,037 | €144,430 | +€103,393 | +252% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €5,649 | €4,812 | -€837 | -14.8% |
| Recurring financial charges | 65 | €5,649 | €4,812 | -€837 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €35,488 | €139,618 | +€104,130 | +293% |
| Income taxes | 67/77 | €9,071 | €37,848 | +€28,777 | +317% |
| Profit (loss) for the period | 9904 | €26,418 | €101,771 | +€75,353 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €26,418 | €101,771 | +€75,353 | +285% |
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 27 October 2026 via checked.be.