IMMOREG: 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.
IMMOREG
Largest movements
- Tangible fixed assets -€36,050
down €36,050 (-4.6%), from €775,292 to €739,242
- Debts after one year -€51,873
down €51,873 (-14.8%), from €350,593 to €298,720
- Reserves +€42,049
up €42,049 (+42.6%), from €98,782 to €140,830
- Current portion of long-term debt -€28,758
down €28,758 (-35.7%), from €80,630 to €51,873
- Other debts -€22,400
down €22,400 (-12.0%), from €187,068 to €164,668
- Tax, wage and social debts +€16,518
up €16,518 (+166.5%), from €9,919 to €26,437
- Gross operating margin -€36,294
down €36,294 (-22.6%), from €160,774 to €124,480
- Taxes +€11,847
up €11,847 (+180.7%), from €6,555 to €18,402
- Financial charges -€2,870
down €2,870 (-14.7%), from €19,550 to €16,681
- Other operating charges +€1,691
up €1,691 (+23.8%), from €7,102 to €8,793
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 | €795,699 | €758,039 | -€37,660 | -4.7% |
| Fixed assets | 21/28 | €775,292 | €739,242 | -€36,050 | -4.6% |
| Tangible fixed assets | 22/27 | €775,292 | €739,242 | -€36,050 | -4.6% |
| Land and buildings | 22 | €775,292 | €739,242 | -€36,050 | -4.6% |
| Current assets | 29/58 | €20,407 | €18,797 | -€1,610 | -7.9% |
| Amounts receivable within one year | 40/41 | €3,630 | €4,772 | +€1,142 | +31.5% |
| Trade receivables | 40 | €3,630 | €4,772 | +€1,142 | +31.5% |
| Cash at bank and in hand | 54/58 | €16,777 | €14,025 | -€2,753 | -16.4% |
| Total equity and liabilities | 10/49 | €795,699 | €758,039 | -€37,660 | -4.7% |
| Equity | 10/15 | €159,528 | €198,820 | +€39,293 | +24.6% |
| Contributions | 10/11 | €22,335 | €22,335 | = | 0.0% |
| Reserves | 13 | €98,782 | €140,830 | +€42,049 | +42.6% |
| Distributable reserves | 133 | €98,782 | €140,830 | +€42,049 | +42.6% |
| Investment grants | 15 | €38,411 | €35,655 | -€2,756 | -7.2% |
| Amounts payable | 17/49 | €636,171 | €559,218 | -€76,953 | -12.1% |
| Amounts payable after more than one year | 17 | €350,593 | €298,720 | -€51,873 | -14.8% |
| Financial debts | 170/4 | €350,593 | €298,720 | -€51,873 | -14.8% |
| Amounts payable within one year | 42/48 | €281,717 | €256,687 | -€25,030 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €80,630 | €51,873 | -€28,758 | -35.7% |
| Financial debts | 43 | €1,631 | €1,681 | +€50 | +3.1% |
| Credit institutions | 430/8 | €1,631 | €1,681 | +€50 | +3.1% |
| Trade debts | 44 | €2,469 | €12,029 | +€9,560 | +387.1% |
| Suppliers | 440/4 | €2,469 | €12,029 | +€9,560 | +387.1% |
| Taxes, remuneration and social security | 45 | €9,919 | €26,437 | +€16,518 | +166.5% |
| Taxes | 450/3 | €9,919 | €26,437 | +€16,518 | +166.5% |
| Other amounts payable | 47/48 | €187,068 | €164,668 | -€22,400 | -12.0% |
| Accrued charges and deferred income | 492/3 | €3,861 | €3,811 | -€50 | -1.3% |
| Non-recurring operating income | 76A | €62,717 | - | -€62,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,363 | €41,312 | -€51 | -0.1% |
| Other operating charges | 640/8 | €7,102 | €8,793 | +€1,691 | +23.8% |
| Gross operating margin | 9900 | €160,774 | €124,480 | -€36,294 | -22.6% |
| Operating profit (loss) | 9901 | €112,309 | €74,375 | -€37,934 | -33.8% |
| Financial income | 75/76B | €2,756 | €2,756 | = | 0.0% |
| Recurring financial income | 75 | €2,756 | €2,756 | = | 0.0% |
| Financial charges | 65/66B | €19,550 | €16,681 | -€2,870 | -14.7% |
| Recurring financial charges | 65 | €19,550 | €16,681 | -€2,870 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €95,515 | €60,451 | -€35,064 | -36.7% |
| Income taxes | 67/77 | €6,555 | €18,402 | +€11,847 | +180.7% |
| Profit (loss) for the period | 9904 | €88,960 | €42,049 | -€46,911 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,960 | €42,049 | -€46,911 | -52.7% |
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 5 October 2026 via checked.be.