IMMOSEBA: 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.
IMMOSEBA
Largest movements
- Tangible fixed assets -€12,995
down €12,995 (-6.2%), from €208,212 to €195,217
of which Land and buildings: -€11,926
- Other debts -€13,583
down €13,583 (-31.3%), from €43,406 to €29,822
- Debts after one year -€5,782
down €5,782 (-7.0%), from €82,938 to €77,156
of which Financial debts: -€4,932
- Current portion of long-term debt +€3,228
up €3,228 (+10.5%), from €30,720 to €33,948
- Profit (loss) carried forward +€2,232
up €2,232 (+11.2%), from -€19,918 to -€17,685
- Gross operating margin -€6,297
down €6,297 (-21.2%), from €29,745 to €23,448
- Depreciation -€727
down €727 (-5.3%), from €13,722 to €12,995
- Other operating charges +€472
up €472 (+10.3%), from €4,567 to €5,040
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 | €209,201 | €195,587 | -€13,614 | -6.5% |
| Fixed assets | 21/28 | €208,212 | €195,217 | -€12,995 | -6.2% |
| Tangible fixed assets | 22/27 | €208,212 | €195,217 | -€12,995 | -6.2% |
| Land and buildings | 22 | €203,470 | €191,544 | -€11,926 | -5.9% |
| Plant, machinery and equipment | 23 | €4,741 | €3,672 | -€1,069 | -22.5% |
| Current assets | 29/58 | €989 | €370 | -€619 | -62.6% |
| Cash at bank and in hand | 54/58 | €989 | €370 | -€619 | -62.6% |
| Total equity and liabilities | 10/49 | €209,201 | €195,587 | -€13,614 | -6.5% |
| Equity | 10/15 | €47,814 | €50,047 | +€2,232 | +4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,732 | €5,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,732 | €5,732 | = | 0.0% |
| Legal reserve | 130 | €5,732 | €5,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,918 | -€17,685 | +€2,232 | +11.2% |
| Amounts payable | 17/49 | €161,387 | €145,540 | -€15,847 | -9.8% |
| Amounts payable after more than one year | 17 | €82,938 | €77,156 | -€5,782 | -7.0% |
| Financial debts | 170/4 | €73,391 | €68,459 | -€4,932 | -6.7% |
| Other amounts payable | 178/9 | €9,548 | €8,698 | -€850 | -8.9% |
| Amounts payable within one year | 42/48 | €78,449 | €68,384 | -€10,065 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €30,720 | €33,948 | +€3,228 | +10.5% |
| Trade debts | 44 | €4,324 | €4,615 | +€291 | +6.7% |
| Suppliers | 440/4 | €4,324 | €4,615 | +€291 | +6.7% |
| Other amounts payable | 47/48 | €43,406 | €29,822 | -€13,583 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,722 | €12,995 | -€727 | -5.3% |
| Other operating charges | 640/8 | €4,567 | €5,040 | +€472 | +10.3% |
| Gross operating margin | 9900 | €29,745 | €23,448 | -€6,297 | -21.2% |
| Operating profit (loss) | 9901 | €11,455 | €5,414 | -€6,042 | -52.7% |
| Financial charges | 65/66B | €2,899 | €3,181 | +€282 | +9.7% |
| Recurring financial charges | 65 | €2,899 | €3,181 | +€282 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €8,556 | €2,232 | -€6,324 | -73.9% |
| Profit (loss) for the period | 9904 | €8,556 | €2,232 | -€6,324 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,556 | €2,232 | -€6,324 | -73.9% |
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.