IMMOSERR S.A.: what changed
Two financial 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.
IMMOSERR S.A.
Largest movements
- Cash -€27,952
down €27,952 (-22.4%), from €124,929 to €96,977
mainly Other debts (-€29,500) and Net result for the year (-€605)
- Other debts -€29,500
down €29,500 (-64.1%), from €46,058 to €16,558
- Financial income -€15,097
down €15,097 (-99.5%), from €15,167 to €70
- Other operating charges -€6,003
down €6,003 (-93.8%), from €6,402 to €400
- Taxes +€4,685
up €4,685 (+123%), from €3,804 to €8,489
- Gross operating margin +€1,736
up €1,736 (+26.2%), from €6,615 to €8,351
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.
Derived cash bridge
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 | €477,675 | €449,723 | -€27,952 | -5.9% |
| Fixed assets | 21/28 | €351,390 | €351,390 | = | 0.0% |
| Tangible fixed assets | 22/27 | €351,322 | €351,322 | = | 0.0% |
| Land and buildings | 22 | €351,322 | €351,322 | = | 0.0% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €126,285 | €98,333 | -€27,952 | -22.1% |
| Amounts receivable within one year | 40/41 | €1,355 | €1,355 | = | 0.0% |
| Other amounts receivable | 41 | €1,355 | €1,355 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,929 | €96,977 | -€27,952 | -22.4% |
| Total equity and liabilities | 10/49 | €477,675 | €449,723 | -€27,952 | -5.9% |
| Equity | 10/15 | €431,601 | €430,997 | -€605 | -0.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €263,480 | €263,480 | = | 0.0% |
| Reserves | 13 | €66,250 | €66,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,371 | €38,767 | -€605 | -1.5% |
| Amounts payable | 17/49 | €46,074 | €18,726 | -€27,347 | -59.4% |
| Amounts payable within one year | 42/48 | €46,074 | €18,726 | -€27,347 | -59.4% |
| Trade debts | 44 | €16 | €44 | +€28 | +175% |
| Suppliers | 440/4 | €16 | €44 | +€28 | +175% |
| Taxes, remuneration and social security | 45 | - | €2,125 | +€2,125 | |
| Taxes | 450/3 | - | €2,125 | +€2,125 | |
| Other amounts payable | 47/48 | €46,058 | €16,558 | -€29,500 | -64.1% |
| Other operating charges | 640/8 | €6,402 | €400 | -€6,003 | -93.8% |
| Gross operating margin | 9900 | €6,615 | €8,351 | +€1,736 | +26.2% |
| Operating profit (loss) | 9901 | €212 | €7,951 | +€7,739 | +3,646% |
| Financial income | 75/76B | €15,167 | €70 | -€15,097 | -99.5% |
| Recurring financial income | 75 | €15,167 | €70 | -€15,097 | -99.5% |
| Financial charges | 65/66B | €140 | €137 | -€2 | -1.7% |
| Recurring financial charges | 65 | €140 | €137 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €15,240 | €7,884 | -€7,356 | -48.3% |
| Income taxes | 67/77 | €3,804 | €8,489 | +€4,685 | +123% |
| Profit (loss) for the period | 9904 | €11,436 | -€605 | -€12,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,436 | -€605 | -€12,041 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.