IMMOPRO: 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.
IMMOPRO
Largest movements
- Current investments +€140,000
up €140,000 (+13.2%), from €1.1m to €1.2m
- Cash -€54,906
down €54,906 (-45.2%), from €121,506 to €66,600
mainly Current investments (-€140,000) and Investment in fixed assets (net) (-€33,915)
- Tangible fixed assets -€17,365
down €17,365 (-12.8%), from €135,566 to €118,201
- Reserves +€62,773
up €62,773 (+17.1%), from €366,227 to €429,001
of which Distributable reserves: +€62,773
- Gross operating margin +€22,793
up €22,793 (+15.9%), from €143,395 to €166,188
- Taxes +€6,516
up €6,516 (+28.3%), from €22,991 to €29,506
- Depreciation +€4,885
up €4,885 (+10.5%), from €46,395 to €51,280
- Financial income +€4,471
up €4,471 (+23.8%), from €18,811 to €23,281
- Other operating charges +€2,349
up €2,349 (+5.5%), from €42,597 to €44,946
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 | €1,336,484 | €1,398,263 | +€61,779 | +4.6% |
| Fixed assets | 21/28 | €136,550 | €119,185 | -€17,365 | -12.7% |
| Tangible fixed assets | 22/27 | €135,566 | €118,201 | -€17,365 | -12.8% |
| Land and buildings | 22 | €135,566 | €118,201 | -€17,365 | -12.8% |
| Financial fixed assets | 28 | €984 | €984 | = | 0.0% |
| Current assets | 29/58 | €1,199,934 | €1,279,078 | +€79,144 | +6.6% |
| Amounts receivable within one year | 40/41 | €18,428 | €12,478 | -€5,950 | -32.3% |
| Trade receivables | 40 | €978 | - | -€978 | |
| Other amounts receivable | 41 | €17,450 | €12,478 | -€4,972 | -28.5% |
| Current investments | 50/53 | €1,060,000 | €1,200,000 | +€140,000 | +13.2% |
| Cash at bank and in hand | 54/58 | €121,506 | €66,600 | -€54,906 | -45.2% |
| Total equity and liabilities | 10/49 | €1,336,484 | €1,398,263 | +€61,779 | +4.6% |
| Equity | 10/15 | €1,258,868 | €1,321,641 | +€62,773 | +5.0% |
| Contributions | 10/11 | €377,135 | €377,135 | = | 0.0% |
| Reserves | 13 | €366,227 | €429,001 | +€62,773 | +17.1% |
| Non-distributable reserves | 130/1 | €37,714 | €37,714 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,714 | €37,714 | = | 0.0% |
| Distributable reserves | 133 | €328,514 | €391,287 | +€62,773 | +19.1% |
| Profit (loss) carried forward | 14 | €515,506 | €515,506 | = | 0.0% |
| Amounts payable | 17/49 | €77,616 | €76,622 | -€995 | -1.3% |
| Amounts payable after more than one year | 17 | €49,877 | €44,757 | -€5,120 | -10.3% |
| Financial debts | 170/4 | €49,877 | €44,757 | -€5,120 | -10.3% |
| Amounts payable within one year | 42/48 | €14,539 | €20,804 | +€6,265 | +43.1% |
| Trade debts | 44 | €12,795 | €18,652 | +€5,856 | +45.8% |
| Suppliers | 440/4 | €12,795 | €18,652 | +€5,856 | +45.8% |
| Taxes, remuneration and social security | 45 | €1,498 | €1,906 | +€408 | +27.3% |
| Taxes | 450/3 | - | €406 | +€406 | |
| Remuneration and social security | 454/9 | €1,498 | €1,500 | +€2 | +0.1% |
| Other amounts payable | 47/48 | €246 | €246 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,199 | €11,061 | -€2,139 | -16.2% |
| Remuneration, social security and pensions | 62 | €1,393 | €872 | -€521 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,395 | €51,280 | +€4,885 | +10.5% |
| Other operating charges | 640/8 | €42,597 | €44,946 | +€2,349 | +5.5% |
| Gross operating margin | 9900 | €143,395 | €166,188 | +€22,793 | +15.9% |
| Operating profit (loss) | 9901 | €53,011 | €69,090 | +€16,079 | +30.3% |
| Financial income | 75/76B | €18,811 | €23,281 | +€4,471 | +23.8% |
| Recurring financial income | 75 | €18,811 | €23,281 | +€4,471 | +23.8% |
| Financial charges | 65/66B | €257 | €92 | -€166 | -64.4% |
| Recurring financial charges | 65 | €257 | €92 | -€166 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €71,564 | €92,279 | +€20,716 | +28.9% |
| Income taxes | 67/77 | €22,991 | €29,506 | +€6,516 | +28.3% |
| Profit (loss) for the period | 9904 | €48,573 | €62,773 | +€14,200 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,573 | €62,773 | +€14,200 | +29.2% |
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 2 October 2026 via checked.be.