IMMOSPAUTE: 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.
IMMOSPAUTE
Largest movements
- Cash -€159,786
down €159,786 (-54.1%), from €295,398 to €135,612
mainly Debts after one year (-€91,120) and Current portion of long-term debt (-€40,768)
- Tangible fixed assets -€20,474
down €20,474 (-10.3%), from €198,899 to €178,424
of which Furniture and vehicles: -€11,999
- Receivables within one year +€19,575
up €19,575 (+37.7%), from €51,977 to €71,552
- Debts after one year -€91,120
down €91,120 (-75.3%), from €120,933 to €29,813
- Current portion of long-term debt -€40,768
down €40,768 (-82.8%), from €49,236 to €8,468
- Trade debts -€19,200
down €19,200 (-67.2%), from €28,580 to €9,381
- Short-term financial debts -€13,456
no longer reported in 2025 (was €13,456)
- Gross operating margin +€27,092
up €27,092, from -€7,117 to €19,975
- Other operating charges -€2,534
down €2,534 (-26.9%), from €9,435 to €6,901
- Financial charges -€1,134
down €1,134 (-12.7%), from €8,911 to €7,777
- Financial income +€895
up €895 (+4.6%), from €19,368 to €20,263
of which Financial income: +€1,455
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 | €548,330 | €387,028 | -€161,303 | -29.4% |
| Fixed assets | 21/28 | €198,899 | €178,424 | -€20,474 | -10.3% |
| Tangible fixed assets | 22/27 | €198,899 | €178,424 | -€20,474 | -10.3% |
| Land and buildings | 22 | €176,406 | €167,930 | -€8,476 | -4.8% |
| Furniture and vehicles | 24 | €22,493 | €10,494 | -€11,999 | -53.3% |
| Current assets | 29/58 | €349,431 | €208,603 | -€140,828 | -40.3% |
| Amounts receivable within one year | 40/41 | €51,977 | €71,552 | +€19,575 | +37.7% |
| Other amounts receivable | 41 | €51,977 | €71,552 | +€19,575 | +37.7% |
| Cash at bank and in hand | 54/58 | €295,398 | €135,612 | -€159,786 | -54.1% |
| Deferred charges and accrued income | 490/1 | €2,056 | €1,438 | -€617 | -30.0% |
| Total equity and liabilities | 10/49 | €548,330 | €387,028 | -€161,303 | -29.4% |
| Equity | 10/15 | €328,606 | €333,692 | +€5,086 | +1.5% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €74,989 | €74,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,989 | €74,989 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €74,369 | €74,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€446,383 | -€441,297 | +€5,086 | +1.1% |
| Amounts payable | 17/49 | €219,724 | €53,336 | -€166,389 | -75.7% |
| Amounts payable after more than one year | 17 | €120,933 | €29,813 | -€91,120 | -75.3% |
| Financial debts | 170/4 | €120,933 | €29,813 | -€91,120 | -75.3% |
| Amounts payable within one year | 42/48 | €96,895 | €23,523 | -€73,372 | -75.7% |
| Current portion of amounts payable after more than one year | 42 | €49,236 | €8,468 | -€40,768 | -82.8% |
| Financial debts | 43 | €13,456 | - | -€13,456 | |
| Credit institutions | 430/8 | €13,456 | - | -€13,456 | |
| Trade debts | 44 | €28,580 | €9,381 | -€19,200 | -67.2% |
| Suppliers | 440/4 | €28,580 | €9,381 | -€19,200 | -67.2% |
| Other amounts payable | 47/48 | €5,622 | €5,674 | +€52 | +0.9% |
| Accrued charges and deferred income | 492/3 | €1,896 | - | -€1,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,474 | €20,474 | +€0 | 0.0% |
| Other operating charges | 640/8 | €9,435 | €6,901 | -€2,534 | -26.9% |
| Gross operating margin | 9900 | -€7,117 | €19,975 | +€27,092 | |
| Operating profit (loss) | 9901 | -€37,026 | -€7,400 | +€29,626 | +80.0% |
| Financial income | 75/76B | €19,368 | €20,263 | +€895 | +4.6% |
| Recurring financial income | 75 | €6,477 | €7,932 | +€1,455 | +22.5% |
| Non-recurring financial income | 76B | €12,891 | €12,331 | -€560 | -4.3% |
| Financial charges | 65/66B | €8,911 | €7,777 | -€1,134 | -12.7% |
| Recurring financial charges | 65 | €8,911 | €7,777 | -€1,134 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,569 | €5,086 | +€31,655 | |
| Profit (loss) for the period | 9904 | -€26,569 | €5,086 | +€31,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,569 | €5,086 | +€31,655 |
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 5 October 2026 via checked.be.