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.
What changed
IMMOPRO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13.9m
2024 · €1.3m+€12.6m
Equity
€43.5m
2024 · €39.6m+€3.9m
Cash
€2.0m
2024 · €605,865+€1.4m
Balance sheet total
€49.6m
2024 · €48.6m+€1.0m
Largest movements
Assets
- Receivables within one year -€3.0m
down €3.0m (-45.0%), from €6.8m to €3.7m
of which Other amounts receivable: -€3.0m
- Receivables after one year +€2.5m
up €2.5m (+33333.3%), from €7,500 to €2.5m
- Cash +€1.4m
up €1.4m (+237.6%), from €605,865 to €2.0m
mainly Net result for the year (+€13.9m) and Receivables within one year (+€3.0m)
Equity and liabilities
- Reserves +€3.9m
up €3.9m (+11.5%), from €34.3m to €38.2m
of which Distributable reserves: +€3.9m
- Other debts -€2.7m
down €2.7m (-30.5%), from €8.7m to €6.1m
Income statement
- Financial income +€13.3m
up €13.3m (+588.0%), from €2.3m to €15.5m
of which Non-recurring financial income: +€13.5m
- Financial charges +€638,051
up €638,051 (+307.6%), from €207,406 to €845,458
of which Financial charges: +€574,934
- Services and other goods +€262,316
up €262,316 (+36.5%), from €718,492 to €980,808
- Taxes -€111,156
down €111,156 (-62.4%), from €178,102 to €66,947
- Turnover +€69,229
up €69,229 (+28.9%), from €239,938 to €309,167
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.
Result 2024
€1.3m
Turnover
+€69,229
Other operating income
-€870
Goods and materials
-€2,317
Services and other goods
-€262,316
Other operating charges
-€1,157
Other operating items
+€45,790
Financial income
+€13.3m
Financial charges
-€638,051
Taxes
+€111,156
Result 2025
€13.9m
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.
From operations
+€11.6m
Investment
-€132,364
Financing
-€10.0m
Cash 2024
€605,865
From operations (derived)
+€11.6m
Net result for the year
+€13.9m
Receivables after one year
-€2.5m
Stocks and contracts
-€182,173
Receivables within one year
+€3.0m
Deferred charges and accrued income
+€207,741
Trade debts
-€19,587
Tax, wage and social debts
-€169,669
Other debts
-€2.7m
Accrued charges and deferred income
-€79,291
Investment (derived)
-€132,364
Investment in fixed assets (net)
-€132,364
Financing
-€10.0m
Short-term financial debts
+€36
Contributions, distributions and other
-€10.0m
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,571,263 | €49,573,740 | +€1.0m | +2.1% |
| Fixed assets | 21/28 | €40,991,647 | €41,124,011 | +€132,364 | +0.3% |
| Financial fixed assets | 28 | €40,991,647 | €41,124,011 | +€132,364 | +0.3% |
| Affiliated companies | 280/1 | €8,037,983 | €5,261,006 | -€2.8m | -34.5% |
| Participating interests | 280 | €8,037,983 | €5,261,006 | -€2.8m | -34.5% |
| Companies linked by participating interests | 282/3 | €32,953,664 | €35,863,004 | +€2.9m | +8.8% |
| Participating interests | 282 | €12,827,339 | €17,111,409 | +€4.3m | +33.4% |
| Amounts receivable | 283 | €20,126,325 | €18,751,596 | -€1.4m | -6.8% |
| Current assets | 29/58 | €7,579,616 | €8,449,729 | +€870,113 | +11.5% |
| Amounts receivable after more than one year | 29 | €7,500 | €2,507,500 | +€2.5m | +33333.3% |
| Other amounts receivable | 291 | €7,500 | €2,507,500 | +€2.5m | +33333.3% |
| Stocks and contracts in progress | 3 | - | €182,173 | +€182,173 | |
| Stocks | 30/36 | - | €182,173 | +€182,173 | |
| Property held for sale | 35 | - | €182,173 | +€182,173 | |
| Amounts receivable within one year | 40/41 | €6,758,509 | €3,714,609 | -€3.0m | -45.0% |
| Trade receivables | 40 | €249,962 | €182,934 | -€67,028 | -26.8% |
| Other amounts receivable | 41 | €6,508,547 | €3,531,675 | -€3.0m | -45.7% |
| Cash at bank and in hand | 54/58 | €605,865 | €2,045,447 | +€1.4m | +237.6% |
| Deferred charges and accrued income | 490/1 | €207,741 | €0 | -€207,741 | -100.0% |
| Total equity and liabilities | 10/49 | €48,571,263 | €49,573,740 | +€1.0m | +2.1% |
| Equity | 10/15 | €39,562,272 | €43,498,943 | +€3.9m | +10.0% |
| Contributions | 10/11 | €5,250,000 | €5,250,000 | = | 0.0% |
| Capital | 10 | €5,250,000 | €5,250,000 | = | 0.0% |
| Issued capital | 100 | €5,250,000 | €5,250,000 | = | 0.0% |
| Reserves | 13 | €34,312,272 | €38,248,943 | +€3.9m | +11.5% |
| Non-distributable reserves | 130/1 | €525,000 | €525,000 | = | 0.0% |
| Legal reserve | 130 | €525,000 | €525,000 | = | 0.0% |
| Distributable reserves | 133 | €33,787,272 | €37,723,943 | +€3.9m | +11.7% |
| Amounts payable | 17/49 | €9,008,990 | €6,074,797 | -€2.9m | -32.6% |
| Amounts payable within one year | 42/48 | €8,929,699 | €6,074,797 | -€2.9m | -32.0% |
| Financial debts | 43 | - | €36 | +€36 | |
| Credit institutions | 430/8 | - | €36 | +€36 | |
| Trade debts | 44 | €25,240 | €5,654 | -€19,587 | -77.6% |
| Suppliers | 440/4 | €25,240 | €5,654 | -€19,587 | -77.6% |
| Taxes, remuneration and social security | 45 | €170,447 | €778 | -€169,669 | -99.5% |
| Taxes | 450/3 | €170,447 | €778 | -€169,669 | -99.5% |
| Other amounts payable | 47/48 | €8,734,012 | €6,068,330 | -€2.7m | -30.5% |
| Accrued charges and deferred income | 492/3 | €79,291 | €0 | -€79,291 | -100.0% |
| Operating income | 70/76A | €241,472 | €309,831 | +€68,359 | +28.3% |
| Turnover | 70 | €239,938 | €309,167 | +€69,229 | +28.9% |
| Other operating income | 74 | €1,534 | €665 | -€870 | -56.7% |
| Operating charges | 60/66A | €766,324 | €986,323 | +€219,999 | +28.7% |
| Goods for resale, raw materials and consumables | 60 | - | €2,317 | +€2,317 | |
| Purchases | 600/8 | - | €2,317 | +€2,317 | |
| Services and other goods | 61 | €718,492 | €980,808 | +€262,316 | +36.5% |
| Other operating charges | 640/8 | €2,042 | €3,199 | +€1,157 | +56.6% |
| Non-recurring operating charges | 66A | €45,790 | €0 | -€45,790 | -100.0% |
| Operating profit (loss) | 9901 | -€524,852 | -€676,492 | -€151,640 | -28.9% |
| Financial income | 75/76B | €2,256,595 | €15,525,567 | +€13.3m | +588.0% |
| Recurring financial income | 75 | €1,939,928 | €1,686,772 | -€253,155 | -13.0% |
| Income from financial fixed assets | 750 | €1,732,187 | €455,024 | -€1.3m | -73.7% |
| Income from current assets | 751 | €207,741 | €1,228,422 | +€1.0m | +491.3% |
| Other financial income | 752/9 | - | €3,326 | +€3,326 | |
| Non-recurring financial income | 76B | €316,667 | €13,838,795 | +€13.5m | +4270.1% |
| Financial charges | 65/66B | €207,406 | €845,458 | +€638,051 | +307.6% |
| Recurring financial charges | 65 | €207,406 | €782,340 | +€574,934 | +277.2% |
| Debt charges | 650 | €203,406 | €179,143 | -€24,263 | -11.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €599,481 | +€599,481 | |
| Other financial charges | 652/9 | €4,001 | €3,716 | -€285 | -7.1% |
| Non-recurring financial charges | 66B | - | €63,118 | +€63,118 | |
| Profit (loss) for the period before taxes | 9903 | €1,524,336 | €14,003,617 | +€12.5m | +818.7% |
| Income taxes | 67/77 | €178,102 | €66,947 | -€111,156 | -62.4% |
| Taxes | 670/3 | €178,102 | €237,393 | +€59,291 | +33.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €170,447 | +€170,447 | |
| Profit (loss) for the period | 9904 | €1,346,234 | €13,936,671 | +€12.6m | +935.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,346,234 | €13,936,671 | +€12.6m | +935.2% |
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.