IMMOSU: 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.
IMMOSU
Largest movements
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Cash +€289,209
up €289,209 (+124.9%), from €231,619 to €520,828
mainly Current investments (+€400,000) and Depreciation (+€188,685)
- Tangible fixed assets -€188,685
down €188,685 (-8.4%), from €2.3m to €2.1m
of which Other tangible fixed assets: -€2.3m
- Reserves -€204,993
down €204,993 (-33.7%), from €609,035 to €404,042
of which Distributable reserves: -€204,993
- Other debts -€93,516
down €93,516 (-2.9%), from €3.2m to €3.1m
- Gross operating margin +€28,405
up €28,405 (+68.6%), from -€41,421 to -€13,016
- Financial income +€1,247
up €1,247 (+18.4%), from €6,782 to €8,028
- Financial charges -€623
down €623 (-33.2%), from €1,877 to €1,255
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 | €4,218,534 | €3,921,851 | -€296,683 | -7.0% |
| Fixed assets | 21/28 | €2,368,148 | €2,179,464 | -€188,685 | -8.0% |
| Tangible fixed assets | 22/27 | €2,252,601 | €2,063,916 | -€188,685 | -8.4% |
| Land and buildings | 22 | - | €2,063,916 | +€2.1m | |
| Other tangible fixed assets | 26 | €2,252,601 | €0 | -€2.3m | -100.0% |
| Financial fixed assets | 28 | €115,548 | €115,548 | = | 0.0% |
| Current assets | 29/58 | €1,850,386 | €1,742,388 | -€107,998 | -5.8% |
| Amounts receivable after more than one year | 29 | €1,209,073 | €1,209,073 | = | 0.0% |
| Other amounts receivable | 291 | €1,209,073 | €1,209,073 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,972 | €9,106 | +€3,134 | +52.5% |
| Trade receivables | 40 | €3,972 | €4,663 | +€691 | +17.4% |
| Other amounts receivable | 41 | €2,000 | €4,443 | +€2,443 | +122.1% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €231,619 | €520,828 | +€289,209 | +124.9% |
| Deferred charges and accrued income | 490/1 | €3,722 | €3,380 | -€341 | -9.2% |
| Total equity and liabilities | 10/49 | €4,218,534 | €3,921,851 | -€296,683 | -7.0% |
| Equity | 10/15 | €1,024,035 | €819,042 | -€204,993 | -20.0% |
| Contributions | 10/11 | €415,000 | €415,000 | = | 0.0% |
| Reserves | 13 | €609,035 | €404,042 | -€204,993 | -33.7% |
| Tax-exempt reserves | 132 | €92,805 | €92,805 | = | 0.0% |
| Distributable reserves | 133 | €516,229 | €311,236 | -€204,993 | -39.7% |
| Amounts payable | 17/49 | €3,194,500 | €3,102,810 | -€91,690 | -2.9% |
| Amounts payable within one year | 42/48 | €3,190,556 | €3,100,179 | -€90,377 | -2.8% |
| Trade debts | 44 | €196 | €3,335 | +€3,140 | +1602.8% |
| Suppliers | 440/4 | €196 | €3,335 | +€3,140 | +1602.8% |
| Other amounts payable | 47/48 | €3,190,360 | €3,096,843 | -€93,516 | -2.9% |
| Accrued charges and deferred income | 492/3 | €3,944 | €2,631 | -€1,313 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,738 | €188,685 | -€53 | 0.0% |
| Other operating charges | 640/8 | €10,398 | €10,100 | -€298 | -2.9% |
| Gross operating margin | 9900 | -€41,421 | -€13,016 | +€28,405 | +68.6% |
| Operating profit (loss) | 9901 | -€240,557 | -€211,801 | +€28,756 | +12.0% |
| Financial income | 75/76B | €6,782 | €8,028 | +€1,247 | +18.4% |
| Recurring financial income | 75 | €6,782 | €8,028 | +€1,247 | +18.4% |
| Financial charges | 65/66B | €1,877 | €1,255 | -€623 | -33.2% |
| Recurring financial charges | 65 | €1,877 | €1,255 | -€623 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€235,653 | -€205,027 | +€30,626 | +13.0% |
| Income taxes | 67/77 | €59 | -€34 | -€93 | |
| Profit (loss) for the period | 9904 | -€235,712 | -€204,993 | +€30,719 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€235,712 | -€204,993 | +€30,719 | +13.0% |
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.