IMMOSCA: 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.
IMMOSCA
Largest movements
- Tangible fixed assets +€480,079
up €480,079 (+35.2%), from €1.4m to €1.8m
of which Land and buildings: +€481,667
- Receivables within one year +€46,134
up €46,134 (+119.5%), from €38,606 to €84,739
of which Trade receivables: +€36,616
- Cash -€43,117
down €43,117 (-36.5%), from €118,266 to €75,149
mainly Investment in fixed assets (net) (-€551,590) and Receivables within one year (-€46,134)
- Debts after one year +€261,120
up €261,120 (+34.4%), from €758,029 to €1.0m
- Other debts +€149,744
up €149,744 (+787.0%), from €19,028 to €168,772
- Current portion of long-term debt +€53,681
up €53,681 (+81.2%), from €66,090 to €119,771
- Reserves +€22,462
up €22,462 (+4.7%), from €475,791 to €498,253
of which Distributable reserves: +€22,462
- Gross operating margin -€78,575
down €78,575 (-32.8%), from €239,368 to €160,793
- Taxes -€29,826
down €29,826 (-74.0%), from €40,308 to €10,482
- Depreciation +€9,652
up €9,652 (+15.6%), from €61,860 to €71,511
- Financial charges +€4,842
up €4,842 (+22.3%), from €21,678 to €26,521
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 | €1,521,134 | €2,005,275 | +€484,141 | +31.8% |
| Fixed assets | 21/28 | €1,362,269 | €1,842,348 | +€480,079 | +35.2% |
| Tangible fixed assets | 22/27 | €1,362,269 | €1,842,348 | +€480,079 | +35.2% |
| Land and buildings | 22 | €1,354,329 | €1,835,996 | +€481,667 | +35.6% |
| Plant, machinery and equipment | 23 | €7,940 | €6,352 | -€1,588 | -20.0% |
| Current assets | 29/58 | €158,865 | €162,927 | +€4,062 | +2.6% |
| Amounts receivable within one year | 40/41 | €38,606 | €84,739 | +€46,134 | +119.5% |
| Trade receivables | 40 | €38,606 | €75,222 | +€36,616 | +94.8% |
| Other amounts receivable | 41 | - | €9,518 | +€9,518 | |
| Cash at bank and in hand | 54/58 | €118,266 | €75,149 | -€43,117 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,993 | €3,039 | +€1,046 | +52.5% |
| Total equity and liabilities | 10/49 | €1,521,134 | €2,005,275 | +€484,141 | +31.8% |
| Equity | 10/15 | €599,791 | €622,253 | +€22,462 | +3.7% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €475,791 | €498,253 | +€22,462 | +4.7% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €463,391 | €485,853 | +€22,462 | +4.8% |
| Amounts payable | 17/49 | €921,343 | €1,383,022 | +€461,679 | +50.1% |
| Amounts payable after more than one year | 17 | €758,029 | €1,019,148 | +€261,120 | +34.4% |
| Financial debts | 170/4 | €758,029 | €1,019,148 | +€261,120 | +34.4% |
| Amounts payable within one year | 42/48 | €163,314 | €363,874 | +€200,559 | +122.8% |
| Current portion of amounts payable after more than one year | 42 | €66,090 | €119,771 | +€53,681 | +81.2% |
| Trade debts | 44 | €30,438 | €21,173 | -€9,265 | -30.4% |
| Suppliers | 440/4 | €30,438 | €21,173 | -€9,265 | -30.4% |
| Advances received on contracts in progress | 46 | €27,450 | €33,850 | +€6,400 | +23.3% |
| Taxes, remuneration and social security | 45 | €20,308 | €20,308 | = | 0.0% |
| Taxes | 450/3 | €20,308 | €20,308 | = | 0.0% |
| Other amounts payable | 47/48 | €19,028 | €168,772 | +€149,744 | +787.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,860 | €71,511 | +€9,652 | +15.6% |
| Other operating charges | 640/8 | €31,089 | €29,816 | -€1,272 | -4.1% |
| Gross operating margin | 9900 | €239,368 | €160,793 | -€78,575 | -32.8% |
| Operating profit (loss) | 9901 | €146,419 | €59,465 | -€86,954 | -59.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €21,678 | €26,521 | +€4,842 | +22.3% |
| Recurring financial charges | 65 | €21,678 | €26,521 | +€4,842 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €124,741 | €32,945 | -€91,796 | -73.6% |
| Income taxes | 67/77 | €40,308 | €10,482 | -€29,826 | -74.0% |
| Profit (loss) for the period | 9904 | €84,432 | €22,462 | -€61,970 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,432 | €22,462 | -€61,970 | -73.4% |
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 28 September 2026 via checked.be.