IMMOSA: 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.
IMMOSA
Largest movements
- Tangible fixed assets -€20,962
down €20,962 (-6.1%), from €342,810 to €321,848
of which Land and buildings: -€14,448
- Debts after one year -€15,140
down €15,140 (-14.8%), from €101,983 to €86,843
- Gross operating margin +€1,617
up €1,617 (+6.1%), from €26,316 to €27,933
- Financial charges -€697
down €697 (-31.0%), from €2,246 to €1,549
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 | €476,481 | €457,861 | -€18,620 | -3.9% |
| Fixed assets | 21/28 | €456,320 | €435,358 | -€20,962 | -4.6% |
| Tangible fixed assets | 22/27 | €342,810 | €321,848 | -€20,962 | -6.1% |
| Land and buildings | 22 | €252,909 | €238,462 | -€14,448 | -5.7% |
| Other tangible fixed assets | 26 | €89,901 | €83,386 | -€6,514 | -7.2% |
| Financial fixed assets | 28 | €113,510 | €113,510 | = | 0.0% |
| Current assets | 29/58 | €20,161 | €22,503 | +€2,342 | +11.6% |
| Cash at bank and in hand | 54/58 | €2,861 | €3,703 | +€842 | +29.4% |
| Deferred charges and accrued income | 490/1 | €17,300 | €18,800 | +€1,500 | +8.7% |
| Total equity and liabilities | 10/49 | €476,481 | €457,861 | -€18,620 | -3.9% |
| Equity | 10/15 | €133,652 | €133,271 | -€381 | -0.3% |
| Contributions | 10/11 | €128,000 | €128,000 | = | 0.0% |
| Reserves | 13 | €56,997 | €56,997 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,800 | €12,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,800 | €12,800 | = | 0.0% |
| Distributable reserves | 133 | €44,197 | €44,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,345 | -€51,726 | -€381 | -0.7% |
| Amounts payable | 17/49 | €342,829 | €324,590 | -€18,239 | -5.3% |
| Amounts payable after more than one year | 17 | €101,983 | €86,843 | -€15,140 | -14.8% |
| Financial debts | 170/4 | €101,983 | €86,843 | -€15,140 | -14.8% |
| Amounts payable within one year | 42/48 | €240,845 | €237,747 | -€3,099 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €14,453 | €15,140 | +€687 | +4.8% |
| Trade debts | 44 | €36,392 | €32,606 | -€3,786 | -10.4% |
| Suppliers | 440/4 | €36,392 | €32,606 | -€3,786 | -10.4% |
| Other amounts payable | 47/48 | €190,000 | €190,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,941 | €20,962 | +€21 | +0.1% |
| Other operating charges | 640/8 | €5,657 | €5,813 | +€156 | +2.8% |
| Gross operating margin | 9900 | €26,316 | €27,933 | +€1,617 | +6.1% |
| Operating profit (loss) | 9901 | -€281 | €1,158 | +€1,439 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €2,246 | €1,549 | -€697 | -31.0% |
| Recurring financial charges | 65 | €2,246 | €1,549 | -€697 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,528 | -€377 | +€2,151 | +85.1% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€2,528 | -€381 | +€2,146 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,528 | -€381 | +€2,146 | +84.9% |
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 6 October 2026 via checked.be.