IMMOS: 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.
IMMOS
Largest movements
- Cash +€201,966
up €201,966 (+350.5%), from €57,628 to €259,593
mainly Net result for the year (+€112,793) and Depreciation (+€96,401)
- Tangible fixed assets -€64,336
down €64,336 (-2.5%), from €2.6m to €2.5m
of which Land and buildings: -€95,447
- Profit (loss) carried forward +€112,793
up €112,793 (+46.6%), from €242,081 to €354,874
- Tax, wage and social debts +€38,131
up €38,131 (+804.5%), from €4,740 to €42,871
- Gross operating margin +€190,711
up €190,711 (+186.1%), from €102,464 to €293,176
- Taxes +€38,131
new in 2025: €38,131
- Financial charges +€15,505
up €15,505 (+2135.6%), from €726 to €16,231
- Depreciation +€5,953
up €5,953 (+6.6%), from €90,448 to €96,401
- Other operating charges +€3,189
up €3,189 (+12.1%), from €26,431 to €29,620
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 | €2,640,490 | €2,776,951 | +€136,462 | +5.2% |
| Fixed assets | 21/28 | €2,576,463 | €2,512,127 | -€64,336 | -2.5% |
| Tangible fixed assets | 22/27 | €2,576,251 | €2,511,916 | -€64,336 | -2.5% |
| Land and buildings | 22 | €2,566,550 | €2,471,103 | -€95,447 | -3.7% |
| Plant, machinery and equipment | 23 | €9,701 | €40,812 | +€31,111 | +320.7% |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €64,027 | €264,824 | +€200,797 | +313.6% |
| Amounts receivable within one year | 40/41 | - | €5,005 | +€5,005 | |
| Trade receivables | 40 | - | €5,005 | +€5,005 | |
| Cash at bank and in hand | 54/58 | €57,628 | €259,593 | +€201,966 | +350.5% |
| Deferred charges and accrued income | 490/1 | €6,399 | €226 | -€6,173 | -96.5% |
| Total equity and liabilities | 10/49 | €2,640,490 | €2,776,951 | +€136,462 | +5.2% |
| Equity | 10/15 | €691,129 | €803,921 | +€112,793 | +16.3% |
| Contributions | 10/11 | €433,814 | €433,814 | = | 0.0% |
| Capital | 10 | €433,814 | €433,814 | = | 0.0% |
| Issued capital | 100 | €433,814 | €433,814 | = | 0.0% |
| Reserves | 13 | €15,234 | €15,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,234 | €15,234 | = | 0.0% |
| Legal reserve | 130 | €15,234 | €15,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,081 | €354,874 | +€112,793 | +46.6% |
| Amounts payable | 17/49 | €1,949,361 | €1,973,030 | +€23,669 | +1.2% |
| Amounts payable after more than one year | 17 | €1,930,000 | €1,930,000 | = | 0.0% |
| Financial debts | 170/4 | €1,930,000 | €1,930,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,361 | €43,030 | +€23,669 | +122.3% |
| Trade debts | 44 | €14,621 | €159 | -€14,462 | -98.9% |
| Suppliers | 440/4 | €14,621 | €159 | -€14,462 | -98.9% |
| Taxes, remuneration and social security | 45 | €4,740 | €42,871 | +€38,131 | +804.5% |
| Taxes | 450/3 | €4,740 | €42,871 | +€38,131 | +804.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,448 | €96,401 | +€5,953 | +6.6% |
| Other operating charges | 640/8 | €26,431 | €29,620 | +€3,189 | +12.1% |
| Gross operating margin | 9900 | €102,464 | €293,176 | +€190,711 | +186.1% |
| Operating profit (loss) | 9901 | -€14,415 | €167,155 | +€181,570 | |
| Financial charges | 65/66B | €726 | €16,231 | +€15,505 | +2135.6% |
| Recurring financial charges | 65 | €726 | €16,231 | +€15,505 | +2135.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,141 | €150,924 | +€166,065 | |
| Income taxes | 67/77 | - | €38,131 | +€38,131 | |
| Profit (loss) for the period | 9904 | -€15,141 | €112,793 | +€127,934 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,141 | €112,793 | +€127,934 |
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 30 September 2026 via checked.be.