IMMOSOF: 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.
IMMOSOF
Largest movements
- Tangible fixed assets +€88,737
up €88,737 (+14.3%), from €618,861 to €707,598
- Cash -€60,611
down €60,611 (-85.4%), from €70,965 to €10,354
mainly Investment in fixed assets (net) (-€125,000) and Receivables within one year (-€39,741)
- Receivables within one year +€39,741
up €39,741 (+906%), from €4,388 to €44,129
- Current portion of long-term debt +€52,021
up €52,021 (+1,228%), from €4,235 to €56,256
- Debts after one year +€14,532
up €14,532 (+2.5%), from €584,941 to €599,473
- Gross operating margin -€16,277
down €16,277 (-22.5%), from €72,330 to €56,052
- Depreciation +€5,020
up €5,020 (+16.1%), from €31,243 to €36,263
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 | €694,215 | €762,081 | +€67,866 | +9.8% |
| Fixed assets | 21/28 | €618,861 | €707,598 | +€88,737 | +14.3% |
| Tangible fixed assets | 22/27 | €618,861 | €707,598 | +€88,737 | +14.3% |
| Land and buildings | 22 | €618,861 | €707,598 | +€88,737 | +14.3% |
| Current assets | 29/58 | €75,353 | €54,483 | -€20,870 | -27.7% |
| Amounts receivable within one year | 40/41 | €4,388 | €44,129 | +€39,741 | +906% |
| Other amounts receivable | 41 | €4,388 | €44,129 | +€39,741 | +906% |
| Cash at bank and in hand | 54/58 | €70,965 | €10,354 | -€60,611 | -85.4% |
| Total equity and liabilities | 10/49 | €694,215 | €762,081 | +€67,866 | +9.8% |
| Equity | 10/15 | €97,803 | €100,897 | +€3,094 | +3.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,197 | €897 | +€3,094 | |
| Amounts payable | 17/49 | €596,411 | €661,183 | +€64,772 | +10.9% |
| Amounts payable after more than one year | 17 | €584,941 | €599,473 | +€14,532 | +2.5% |
| Financial debts | 170/4 | €584,941 | €599,473 | +€14,532 | +2.5% |
| Amounts payable within one year | 42/48 | €4,689 | €61,710 | +€57,021 | +1,216% |
| Current portion of amounts payable after more than one year | 42 | €4,235 | €56,256 | +€52,021 | +1,228% |
| Trade debts | 44 | €454 | €454 | = | 0.0% |
| Suppliers | 440/4 | €454 | €454 | = | 0.0% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €6,781 | - | -€6,781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,243 | €36,263 | +€5,020 | +16.1% |
| Other operating charges | 640/8 | €2,647 | €2,730 | +€83 | +3.1% |
| Gross operating margin | 9900 | €72,330 | €56,052 | -€16,277 | -22.5% |
| Operating profit (loss) | 9901 | €38,439 | €17,059 | -€21,380 | -55.6% |
| Financial charges | 65/66B | €13,043 | €13,565 | +€522 | +4.0% |
| Recurring financial charges | 65 | €13,043 | €13,565 | +€522 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €25,396 | €3,494 | -€21,902 | -86.2% |
| Income taxes | 67/77 | - | €400 | +€400 | |
| Profit (loss) for the period | 9904 | €25,396 | €3,094 | -€22,302 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,396 | €3,094 | -€22,302 | -87.8% |
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 26 October 2026 via checked.be.