IMMOSTASSART: 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.
IMMOSTASSART
Largest movements
- Current investments -€1.8m
down €1.8m (-100%), from €1.8m to €0
- Tangible fixed assets +€613,968
up €613,968 (+9.6%), from €6.4m to €7.0m
of which Assets under construction and advance payments: +€777,968
- Cash -€246,942
down €246,942 (-47.9%), from €515,662 to €268,720
mainly Contributions, distributions and other (-€1.8m) and Investment in fixed assets (net) (-€777,968)
- Receivables within one year +€120,338
up €120,338 (+171%), from €70,564 to €190,902
of which Other amounts receivable: +€122,663
- Contributions -€2.7m
down €2.7m (-50.3%), from €5.4m to €2.7m
- Debts after one year +€727,049
up €727,049 (+20.8%), from €3.5m to €4.2m
- Profit (loss) carried forward +€725,507
up €725,507 (+80.4%), from -€902,272 to -€176,765
- Accrued charges and deferred income -€122,587
down €122,587 (-100%), from €122,587 to €0
- Financial income +€98,268
up €98,268 (+1,457%), from €6,744 to €105,012
- Financial charges -€54,005
down €54,005 (-67.3%), from €80,201 to €26,196
- Gross operating margin +€8,468
up €8,468 (+30.1%), from -€28,107 to -€19,639
- Depreciation -€2,450
down €2,450 (-1.3%), from €186,851 to €184,400
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 | €8,835,922 | €7,488,548 | -€1.3m | -15.2% |
| Formation expenses | 20 | €217 | €0 | -€217 | -100% |
| Fixed assets | 21/28 | €6,433,844 | €7,027,628 | +€593,784 | +9.2% |
| Intangible fixed assets | 21 | €45,324 | €25,140 | -€20,183 | -44.5% |
| Tangible fixed assets | 22/27 | €6,388,520 | €7,002,488 | +€613,968 | +9.6% |
| Land and buildings | 22 | €4,932,712 | €4,768,712 | -€164,000 | -3.3% |
| Assets under construction and advance payments | 27 | €1,455,808 | €2,233,775 | +€777,968 | +53.4% |
| Current assets | 29/58 | €2,401,862 | €460,920 | -€1.9m | -80.8% |
| Amounts receivable within one year | 40/41 | €70,564 | €190,902 | +€120,338 | +171% |
| Trade receivables | 40 | €7,252 | €4,928 | -€2,325 | -32.1% |
| Other amounts receivable | 41 | €63,312 | €185,975 | +€122,663 | +194% |
| Current investments | 50/53 | €1,814,400 | €0 | -€1.8m | -100% |
| Cash at bank and in hand | 54/58 | €515,662 | €268,720 | -€246,942 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,235 | €1,298 | +€63 | +5.1% |
| Total equity and liabilities | 10/49 | €8,835,922 | €7,488,548 | -€1.3m | -15.2% |
| Equity | 10/15 | €4,679,782 | €2,681,873 | -€2.0m | -42.7% |
| Contributions | 10/11 | €5,400,000 | €2,683,328 | -€2.7m | -50.3% |
| Capital | 10 | €5,400,000 | €2,683,328 | -€2.7m | -50.3% |
| Issued capital | 100 | €5,400,000 | €2,683,328 | -€2.7m | -50.3% |
| Profit (loss) carried forward | 14 | -€902,272 | -€176,765 | +€725,507 | +80.4% |
| Investment grants | 15 | €182,055 | €175,311 | -€6,744 | -3.7% |
| Amounts payable | 17/49 | €4,156,140 | €4,806,675 | +€650,535 | +15.7% |
| Amounts payable after more than one year | 17 | €3,500,000 | €4,227,049 | +€727,049 | +20.8% |
| Financial debts | 170/4 | €3,500,000 | €4,227,049 | +€727,049 | +20.8% |
| Amounts payable within one year | 42/48 | €533,552 | €579,626 | +€46,074 | +8.6% |
| Trade debts | 44 | €533,015 | €579,088 | +€46,074 | +8.6% |
| Suppliers | 440/4 | €533,015 | €579,088 | +€46,074 | +8.6% |
| Taxes, remuneration and social security | 45 | €538 | €538 | = | 0.0% |
| Taxes | 450/3 | €538 | €538 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €122,587 | €0 | -€122,587 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,851 | €184,400 | -€2,450 | -1.3% |
| Other operating charges | 640/8 | €51,510 | €51,541 | +€31 | +0.1% |
| Gross operating margin | 9900 | -€28,107 | -€19,639 | +€8,468 | +30.1% |
| Operating profit (loss) | 9901 | -€266,468 | -€255,580 | +€10,887 | +4.1% |
| Financial income | 75/76B | €6,744 | €105,012 | +€98,268 | +1,457% |
| Recurring financial income | 75 | €6,744 | €105,012 | +€98,268 | +1,457% |
| Financial charges | 65/66B | €80,201 | €26,196 | -€54,005 | -67.3% |
| Recurring financial charges | 65 | €80,201 | €26,196 | -€54,005 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | -€339,924 | -€176,765 | +€163,159 | +48.0% |
| Profit (loss) for the period | 9904 | -€339,924 | -€176,765 | +€163,159 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€339,924 | -€176,765 | +€163,159 | +48.0% |
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 16 October 2026 via checked.be.