IMMOROC: 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.
IMMOROC
Largest movements
- Current investments +€800,000
new in 2024: €800,000
- Cash -€188,532
down €188,532 (-75.4%), from €250,204 to €61,672
mainly Contributions, distributions and other (-€1.0m) and Current investments (-€800,000)
- Receivables within one year -€132,750
down €132,750 (-26.8%), from €495,310 to €362,559
of which Trade receivables: -€144,421
- Tangible fixed assets -€100,883
down €100,883 (-4.1%), from €2.5m to €2.4m
- Other debts +€1.0m
new in 2024: €1.0m
- Profit (loss) carried forward -€392,203
down €392,203 (-18.9%), from €2.1m to €1.7m
- Debts after one year -€181,178
down €181,178 (-23.7%), from €764,273 to €583,095
of which Financial debts: -€194,678
- Gross operating margin +€100,096
up €100,096 (+10.6%), from €943,304 to €1.0m
- Taxes +€26,741
up €26,741 (+15.2%), from €175,858 to €202,599
- Depreciation -€20,525
down €20,525 (-16.9%), from €121,408 to €100,883
- Financial income +€11,966
up €11,966 (+97.3%), from €12,301 to €24,266
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,214,349 | €3,598,703 | +€384,354 | +12.0% |
| Fixed assets | 21/28 | €2,468,835 | €2,367,952 | -€100,883 | -4.1% |
| Tangible fixed assets | 22/27 | €2,468,835 | €2,367,952 | -€100,883 | -4.1% |
| Land and buildings | 22 | €2,468,835 | €2,367,952 | -€100,883 | -4.1% |
| Current assets | 29/58 | €745,513 | €1,230,751 | +€485,237 | +65.1% |
| Amounts receivable within one year | 40/41 | €495,310 | €362,559 | -€132,750 | -26.8% |
| Trade receivables | 40 | €186,557 | €42,137 | -€144,421 | -77.4% |
| Other amounts receivable | 41 | €308,753 | €320,423 | +€11,670 | +3.8% |
| Current investments | 50/53 | - | €800,000 | +€800,000 | |
| Cash at bank and in hand | 54/58 | €250,204 | €61,672 | -€188,532 | -75.4% |
| Deferred charges and accrued income | 490/1 | - | €6,519 | +€6,519 | |
| Total equity and liabilities | 10/49 | €3,214,349 | €3,598,703 | +€384,354 | +12.0% |
| Equity | 10/15 | €2,142,096 | €1,749,893 | -€392,203 | -18.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,073,925 | €1,681,722 | -€392,203 | -18.9% |
| Amounts payable | 17/49 | €1,072,253 | €1,848,810 | +€776,557 | +72.4% |
| Amounts payable after more than one year | 17 | €764,273 | €583,095 | -€181,178 | -23.7% |
| Financial debts | 170/4 | €745,515 | €550,837 | -€194,678 | -26.1% |
| Other amounts payable | 178/9 | €18,758 | €32,258 | +€13,500 | +72.0% |
| Amounts payable within one year | 42/48 | €257,526 | €1,219,114 | +€961,588 | +373.4% |
| Current portion of amounts payable after more than one year | 42 | €219,233 | €197,070 | -€22,163 | -10.1% |
| Trade debts | 44 | €20,434 | €16,682 | -€3,753 | -18.4% |
| Suppliers | 440/4 | €20,434 | €16,682 | -€3,753 | -18.4% |
| Taxes, remuneration and social security | 45 | €17,858 | €5,362 | -€12,496 | -70.0% |
| Taxes | 450/3 | €17,858 | €5,362 | -€12,496 | -70.0% |
| Other amounts payable | 47/48 | - | €1,000,000 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | €50,454 | €46,601 | -€3,853 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,408 | €100,883 | -€20,525 | -16.9% |
| Other operating charges | 640/8 | €125,322 | €128,854 | +€3,532 | +2.8% |
| Gross operating margin | 9900 | €943,304 | €1,043,400 | +€100,096 | +10.6% |
| Operating profit (loss) | 9901 | €696,573 | €813,662 | +€117,089 | +16.8% |
| Financial income | 75/76B | €12,301 | €24,266 | +€11,966 | +97.3% |
| Recurring financial income | 75 | €12,301 | €24,266 | +€11,966 | +97.3% |
| Financial charges | 65/66B | €37,441 | €27,533 | -€9,909 | -26.5% |
| Recurring financial charges | 65 | €37,441 | €27,533 | -€9,909 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €671,433 | €810,396 | +€138,963 | +20.7% |
| Income taxes | 67/77 | €175,858 | €202,599 | +€26,741 | +15.2% |
| Profit (loss) for the period | 9904 | €495,575 | €607,797 | +€112,222 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €495,575 | €607,797 | +€112,222 | +22.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.