IMMOSTE: 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.
IMMOSTE
Largest movements
- Tangible fixed assets +€63,298
up €63,298 (+17.4%), from €363,296 to €426,595
of which Other tangible fixed assets: +€78,040
- Cash +€14,033
up €14,033 (+42.5%), from €32,998 to €47,031
mainly Other debts (+€81,311) and Depreciation (+€22,069)
- Other debts +€81,311
up €81,311 (+184%), from €44,112 to €125,424
- Current portion of long-term debt -€18,526
down €18,526 (-51.1%), from €36,278 to €17,752
- Reserves +€16,239
up €16,239 (+12.2%), from €132,724 to €148,963
of which Distributable reserves: +€16,239
- Debts after one year -€15,696
down €15,696 (-13.0%), from €120,804 to €105,107
- Accrued charges and deferred income +€10,000
up €10,000 (+232%), from €4,305 to €14,305
- Gross operating margin -€13,199
down €13,199 (-19.1%), from €69,211 to €56,011
- Taxes -€7,052
down €7,052 (-48.2%), from €14,630 to €7,578
- Other operating charges +€5,313
up €5,313 (+584%), from €909 to €6,222
- Depreciation +€3,749
up €3,749 (+20.5%), from €18,320 to €22,069
- Financial charges -€1,281
down €1,281 (-24.7%), from €5,184 to €3,903
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 | €405,396 | €481,399 | +€76,003 | +18.7% |
| Fixed assets | 21/28 | €363,296 | €426,595 | +€63,298 | +17.4% |
| Tangible fixed assets | 22/27 | €363,296 | €426,595 | +€63,298 | +17.4% |
| Land and buildings | 22 | €333,092 | €320,590 | -€12,502 | -3.8% |
| Plant, machinery and equipment | 23 | €10,242 | €8,959 | -€1,284 | -12.5% |
| Furniture and vehicles | 24 | €1,154 | €199 | -€955 | -82.8% |
| Other tangible fixed assets | 26 | €18,807 | €96,847 | +€78,040 | +415% |
| Current assets | 29/58 | €42,100 | €54,805 | +€12,705 | +30.2% |
| Amounts receivable within one year | 40/41 | €7,774 | €7,774 | = | 0.0% |
| Trade receivables | 40 | €7,774 | €7,774 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,998 | €47,031 | +€14,033 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,328 | - | -€1,328 | |
| Total equity and liabilities | 10/49 | €405,396 | €481,399 | +€76,003 | +18.7% |
| Equity | 10/15 | €190,267 | €206,505 | +€16,239 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,724 | €148,963 | +€16,239 | +12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €127,464 | €143,703 | +€16,239 | +12.7% |
| Profit (loss) carried forward | 14 | €51,343 | €51,343 | = | 0.0% |
| Amounts payable | 17/49 | €215,130 | €274,894 | +€59,764 | +27.8% |
| Amounts payable after more than one year | 17 | €120,804 | €105,107 | -€15,696 | -13.0% |
| Financial debts | 170/4 | €120,804 | €105,107 | -€15,696 | -13.0% |
| Amounts payable within one year | 42/48 | €90,021 | €155,481 | +€65,461 | +72.7% |
| Current portion of amounts payable after more than one year | 42 | €36,278 | €17,752 | -€18,526 | -51.1% |
| Trade debts | 44 | - | €9,728 | +€9,728 | |
| Suppliers | 440/4 | - | €9,728 | +€9,728 | |
| Taxes, remuneration and social security | 45 | €9,630 | €2,578 | -€7,052 | -73.2% |
| Taxes | 450/3 | €9,630 | €2,578 | -€7,052 | -73.2% |
| Other amounts payable | 47/48 | €44,112 | €125,424 | +€81,311 | +184% |
| Accrued charges and deferred income | 492/3 | €4,305 | €14,305 | +€10,000 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,320 | €22,069 | +€3,749 | +20.5% |
| Other operating charges | 640/8 | €909 | €6,222 | +€5,313 | +584% |
| Gross operating margin | 9900 | €69,211 | €56,011 | -€13,199 | -19.1% |
| Operating profit (loss) | 9901 | €49,981 | €27,720 | -€22,261 | -44.5% |
| Financial charges | 65/66B | €5,184 | €3,903 | -€1,281 | -24.7% |
| Recurring financial charges | 65 | €5,184 | €3,903 | -€1,281 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €44,797 | €23,817 | -€20,981 | -46.8% |
| Income taxes | 67/77 | €14,630 | €7,578 | -€7,052 | -48.2% |
| Profit (loss) for the period | 9904 | €30,167 | €16,239 | -€13,928 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,167 | €16,239 | -€13,928 | -46.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.