IMMOSAVE: 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.
IMMOSAVE
Largest movements
- Deferred charges and accrued income +€15,000
up €15,000 (+69.8%), from €21,500 to €36,500
- Tangible fixed assets -€14,033
down €14,033 (-3.3%), from €425,480 to €411,448
- Debts after one year -€27,483
down €27,483 (-8.2%), from €335,740 to €308,257
of which Financial debts: -€27,483
- Profit (loss) carried forward +€19,904
up €19,904 (+50.5%), from €39,445 to €59,349
- Tax, wage and social debts +€8,234
up €8,234 (+166.4%), from €4,949 to €13,182
- Taxes +€3,655
up €3,655 (+101.8%), from €3,591 to €7,246
- Financial charges -€2,265
down €2,265 (-21.2%), from €10,704 to €8,439
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 | €557,948 | €561,615 | +€3,668 | +0.7% |
| Fixed assets | 21/28 | €425,480 | €411,448 | -€14,033 | -3.3% |
| Tangible fixed assets | 22/27 | €425,480 | €411,448 | -€14,033 | -3.3% |
| Land and buildings | 22 | €425,480 | €411,448 | -€14,033 | -3.3% |
| Current assets | 29/58 | €132,467 | €150,168 | +€17,701 | +13.4% |
| Amounts receivable within one year | 40/41 | €110,967 | €110,967 | = | 0.0% |
| Other amounts receivable | 41 | €110,967 | €110,967 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €2,701 | +€2,701 | |
| Deferred charges and accrued income | 490/1 | €21,500 | €36,500 | +€15,000 | +69.8% |
| Total equity and liabilities | 10/49 | €557,948 | €561,615 | +€3,668 | +0.7% |
| Equity | 10/15 | €114,663 | €134,567 | +€19,904 | +17.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €15,218 | €15,218 | = | 0.0% |
| Distributable reserves | 133 | €15,218 | €15,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,445 | €59,349 | +€19,904 | +50.5% |
| Amounts payable | 17/49 | €443,284 | €427,048 | -€16,236 | -3.7% |
| Amounts payable after more than one year | 17 | €335,740 | €308,257 | -€27,483 | -8.2% |
| Financial debts | 170/4 | €188,896 | €161,413 | -€27,483 | -14.5% |
| Other amounts payable | 178/9 | €146,844 | €146,844 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,544 | €118,791 | +€11,247 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €26,657 | €27,483 | +€826 | +3.1% |
| Financial debts | 43 | €1,677 | - | -€1,677 | |
| Credit institutions | 430/8 | €1,677 | - | -€1,677 | |
| Trade debts | 44 | €21,128 | €25,125 | +€3,996 | +18.9% |
| Suppliers | 440/4 | €21,128 | €25,125 | +€3,996 | +18.9% |
| Taxes, remuneration and social security | 45 | €4,949 | €13,182 | +€8,234 | +166.4% |
| Taxes | 450/3 | €4,949 | €13,182 | +€8,234 | +166.4% |
| Other amounts payable | 47/48 | €53,133 | €53,001 | -€132 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,757 | €14,033 | +€276 | +2.0% |
| Other operating charges | 640/8 | €7,185 | €7,432 | +€248 | +3.4% |
| Gross operating margin | 9900 | €56,616 | €57,054 | +€437 | +0.8% |
| Operating profit (loss) | 9901 | €35,675 | €35,588 | -€86 | -0.2% |
| Financial charges | 65/66B | €10,704 | €8,439 | -€2,265 | -21.2% |
| Recurring financial charges | 65 | €10,704 | €8,439 | -€2,265 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €24,970 | €27,149 | +€2,179 | +8.7% |
| Income taxes | 67/77 | €3,591 | €7,246 | +€3,655 | +101.8% |
| Profit (loss) for the period | 9904 | €21,380 | €19,904 | -€1,476 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,380 | €19,904 | -€1,476 | -6.9% |
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 3 October 2026 via checked.be.