IMMOSTAD: 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.
IMMOSTAD
Largest movements
- Cash +€55,220
up €55,220 (+7.2%), from €768,852 to €824,072
mainly Net result for the year (+€89,843) and Depreciation (+€75,235)
- Receivables within one year +€51,879
up €51,879 (+4.1%), from €1.3m to €1.3m
of which Other amounts receivable: +€67,301
- Tangible fixed assets -€50,591
down €50,591 (-12.8%), from €396,004 to €345,412
of which Leasing and similar rights: -€48,953
- Profit (loss) carried forward +€89,843
up €89,843 (+37.2%), from -€241,684 to -€151,842
- Debts after one year -€27,653
down €27,653 (-20.7%), from €133,752 to €106,100
- Gross operating margin +€288,892
up €288,892 (+177.3%), from €162,938 to €451,830
- Staff costs +€10,924
up €10,924 (+3.9%), from €277,536 to €288,460
- Other operating charges -€6,397
down €6,397 (-31.2%), from €20,520 to €14,123
- Depreciation -€5,372
down €5,372 (-6.7%), from €80,607 to €75,235
- Financial income +€5,266
up €5,266 (+24.3%), from €21,712 to €26,978
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 | €2,435,387 | €2,496,538 | +€61,151 | +2.5% |
| Fixed assets | 21/28 | €396,004 | €345,412 | -€50,591 | -12.8% |
| Tangible fixed assets | 22/27 | €396,004 | €345,412 | -€50,591 | -12.8% |
| Land and buildings | 22 | €32,964 | €36,947 | +€3,983 | +12.1% |
| Plant, machinery and equipment | 23 | €3,016 | €2,278 | -€738 | -24.5% |
| Furniture and vehicles | 24 | €52,311 | €47,428 | -€4,883 | -9.3% |
| Leasing and similar rights | 25 | €307,713 | €258,760 | -€48,953 | -15.9% |
| Current assets | 29/58 | €2,039,383 | €2,151,125 | +€111,742 | +5.5% |
| Amounts receivable within one year | 40/41 | €1,260,301 | €1,312,180 | +€51,879 | +4.1% |
| Trade receivables | 40 | €328,066 | €312,644 | -€15,422 | -4.7% |
| Other amounts receivable | 41 | €932,235 | €999,536 | +€67,301 | +7.2% |
| Cash at bank and in hand | 54/58 | €768,852 | €824,072 | +€55,220 | +7.2% |
| Deferred charges and accrued income | 490/1 | €10,230 | €14,873 | +€4,643 | +45.4% |
| Total equity and liabilities | 10/49 | €2,435,387 | €2,496,538 | +€61,151 | +2.5% |
| Equity | 10/15 | €2,141,965 | €2,231,808 | +€89,843 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,365,050 | €2,365,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,363,190 | €2,363,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€241,684 | -€151,842 | +€89,843 | +37.2% |
| Amounts payable | 17/49 | €293,422 | €264,730 | -€28,692 | -9.8% |
| Amounts payable after more than one year | 17 | €133,752 | €106,100 | -€27,653 | -20.7% |
| Financial debts | 170/4 | €133,752 | €106,100 | -€27,653 | -20.7% |
| Amounts payable within one year | 42/48 | €156,995 | €158,554 | +€1,559 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €27,122 | €27,653 | +€530 | +2.0% |
| Trade debts | 44 | €68,885 | €59,405 | -€9,480 | -13.8% |
| Suppliers | 440/4 | €68,885 | €59,405 | -€9,480 | -13.8% |
| Taxes, remuneration and social security | 45 | €60,988 | €71,496 | +€10,508 | +17.2% |
| Taxes | 450/3 | €14,559 | €27,246 | +€12,688 | +87.2% |
| Remuneration and social security | 454/9 | €46,430 | €44,250 | -€2,180 | -4.7% |
| Accrued charges and deferred income | 492/3 | €2,674 | €76 | -€2,598 | -97.1% |
| Non-recurring operating income | 76A | €8,110 | €13,418 | +€5,308 | +65.4% |
| Remuneration, social security and pensions | 62 | €277,536 | €288,460 | +€10,924 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,607 | €75,235 | -€5,372 | -6.7% |
| Other operating charges | 640/8 | €20,520 | €14,123 | -€6,397 | -31.2% |
| Gross operating margin | 9900 | €162,938 | €451,830 | +€288,892 | +177.3% |
| Operating profit (loss) | 9901 | -€215,725 | €74,012 | +€289,737 | |
| Financial income | 75/76B | €21,712 | €26,978 | +€5,266 | +24.3% |
| Recurring financial income | 75 | €21,712 | €26,978 | +€5,266 | +24.3% |
| Financial charges | 65/66B | €11,046 | €9,909 | -€1,136 | -10.3% |
| Recurring financial charges | 65 | €11,046 | €9,909 | -€1,136 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€205,058 | €91,081 | +€296,139 | |
| Income taxes | 67/77 | €1,855 | €1,239 | -€616 | -33.2% |
| Profit (loss) for the period | 9904 | -€206,913 | €89,843 | +€296,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€206,913 | €89,843 | +€296,755 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.