IMMOSAVI: 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.
IMMOSAVI
Largest movements
- Receivables within one year +€76,475
up €76,475 (+244.7%), from €31,246 to €107,721
of which Other amounts receivable: +€38,734
- Tangible fixed assets -€60,639
down €60,639 (-5.3%), from €1.1m to €1.1m
of which Land and buildings: -€60,392
- Cash +€34,253
up €34,253 (+120.6%), from €28,408 to €62,661
mainly Net result for the year (+€81,992) and Depreciation (+€62,603)
- Reserves +€80,000
up €80,000 (+4000.0%), from €2,000 to €82,000
of which Distributable reserves: +€80,000
- Debts after one year -€40,763
down €40,763 (-7.1%), from €570,894 to €530,130
- Current portion of long-term debt -€40,701
down €40,701 (-48.0%), from €84,832 to €44,131
- Tax, wage and social debts +€32,221
up €32,221 (+75.1%), from €42,916 to €75,137
- Trade debts +€18,293
up €18,293 (+146.5%), from €12,485 to €30,778
- Gross operating margin +€47,610
up €47,610 (+26.3%), from €180,761 to €228,371
- Other operating charges +€31,029
up €31,029 (+1716.0%), from €1,808 to €32,838
- Taxes +€14,826
up €14,826 (+52.2%), from €28,395 to €43,221
- Financial charges -€3,985
down €3,985 (-27.7%), from €14,394 to €10,408
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 | €1,196,816 | €1,247,616 | +€50,800 | +4.2% |
| Fixed assets | 21/28 | €1,136,065 | €1,075,426 | -€60,639 | -5.3% |
| Tangible fixed assets | 22/27 | €1,135,265 | €1,074,626 | -€60,639 | -5.3% |
| Land and buildings | 22 | €1,121,846 | €1,061,454 | -€60,392 | -5.4% |
| Plant, machinery and equipment | 23 | €11,958 | €12,404 | +€447 | +3.7% |
| Furniture and vehicles | 24 | €1,461 | €768 | -€693 | -47.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €60,751 | €172,190 | +€111,439 | +183.4% |
| Amounts receivable within one year | 40/41 | €31,246 | €107,721 | +€76,475 | +244.7% |
| Trade receivables | 40 | - | €37,741 | +€37,741 | |
| Other amounts receivable | 41 | €31,246 | €69,980 | +€38,734 | +124.0% |
| Cash at bank and in hand | 54/58 | €28,408 | €62,661 | +€34,253 | +120.6% |
| Deferred charges and accrued income | 490/1 | €1,097 | €1,808 | +€711 | +64.8% |
| Total equity and liabilities | 10/49 | €1,196,816 | €1,247,616 | +€50,800 | +4.2% |
| Equity | 10/15 | €471,537 | €553,529 | +€81,992 | +17.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €82,000 | +€80,000 | +4000.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | €449,537 | €451,529 | +€1,992 | +0.4% |
| Amounts payable | 17/49 | €725,279 | €694,087 | -€31,192 | -4.3% |
| Amounts payable after more than one year | 17 | €570,894 | €530,130 | -€40,763 | -7.1% |
| Financial debts | 170/4 | €570,894 | €530,130 | -€40,763 | -7.1% |
| Amounts payable within one year | 42/48 | €142,603 | €152,416 | +€9,813 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €84,832 | €44,131 | -€40,701 | -48.0% |
| Trade debts | 44 | €12,485 | €30,778 | +€18,293 | +146.5% |
| Suppliers | 440/4 | €12,485 | €30,778 | +€18,293 | +146.5% |
| Taxes, remuneration and social security | 45 | €42,916 | €75,137 | +€32,221 | +75.1% |
| Taxes | 450/3 | €42,916 | €75,137 | +€32,221 | +75.1% |
| Other amounts payable | 47/48 | €2,370 | €2,370 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,782 | €11,541 | -€241 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,378 | €62,603 | +€225 | +0.4% |
| Other operating charges | 640/8 | €1,808 | €32,838 | +€31,029 | +1716.0% |
| Gross operating margin | 9900 | €180,761 | €228,371 | +€47,610 | +26.3% |
| Operating profit (loss) | 9901 | €116,574 | €132,931 | +€16,356 | +14.0% |
| Financial income | 75/76B | €795 | €2,691 | +€1,896 | +238.6% |
| Recurring financial income | 75 | €795 | €2,691 | +€1,896 | +238.6% |
| Financial charges | 65/66B | €14,394 | €10,408 | -€3,985 | -27.7% |
| Recurring financial charges | 65 | €14,394 | €10,408 | -€3,985 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €102,975 | €125,213 | +€22,238 | +21.6% |
| Income taxes | 67/77 | €28,395 | €43,221 | +€14,826 | +52.2% |
| Profit (loss) for the period | 9904 | €74,580 | €81,992 | +€7,412 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,580 | €81,992 | +€7,412 | +9.9% |
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 8 October 2026 via checked.be.