IMMOTEP: 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.
IMMOTEP
Largest movements
- Cash +€63,103
up €63,103 (+2,657%), from €2,375 to €65,478
mainly Depreciation (+€45,825) and Other debts (+€20,383)
- Tangible fixed assets -€27,097
down €27,097 (-5.8%), from €468,642 to €441,545
of which Land and buildings: -€30,743
- Receivables within one year +€5,466
up €5,466 (+72.6%), from €7,525 to €12,991
of which Trade receivables: +€12,410
- Other debts +€20,383
up €20,383 (+5.6%), from €363,568 to €383,951
- Profit (loss) carried forward +€7,047
up €7,047 (+87.5%), from -€8,049 to -€1,002
- Tax, wage and social debts +€6,665
up €6,665, from €0 to €6,665
of which Remuneration and social security: +€3,634
- Gross operating margin +€26,567
up €26,567 (+69.1%), from €38,473 to €65,039
- Depreciation +€3,177
up €3,177 (+7.5%), from €42,647 to €45,825
- Financial charges +€2,521
up €2,521 (+54.2%), from €4,652 to €7,173
- Taxes -€2,263
down €2,263 (-67.3%), from €3,363 to €1,100
- Other operating charges -€842
down €842 (-17.8%), from €4,737 to €3,895
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 | €481,368 | €521,162 | +€39,794 | +8.3% |
| Fixed assets | 21/28 | €468,642 | €441,545 | -€27,097 | -5.8% |
| Tangible fixed assets | 22/27 | €468,642 | €441,545 | -€27,097 | -5.8% |
| Land and buildings | 22 | €407,703 | €376,959 | -€30,743 | -7.5% |
| Furniture and vehicles | 24 | €7,789 | €16,898 | +€9,108 | +117% |
| Other tangible fixed assets | 26 | €53,149 | €47,687 | -€5,462 | -10.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €12,727 | €79,617 | +€66,890 | +526% |
| Amounts receivable within one year | 40/41 | €7,525 | €12,991 | +€5,466 | +72.6% |
| Trade receivables | 40 | €581 | €12,991 | +€12,410 | +2,137% |
| Other amounts receivable | 41 | €6,944 | - | -€6,944 | |
| Cash at bank and in hand | 54/58 | €2,375 | €65,478 | +€63,103 | +2,657% |
| Deferred charges and accrued income | 490/1 | €2,827 | €1,148 | -€1,678 | -59.4% |
| Total equity and liabilities | 10/49 | €481,368 | €521,162 | +€39,794 | +8.3% |
| Equity | 10/15 | €107,794 | €114,841 | +€7,047 | +6.5% |
| Contributions | 10/11 | €56,600 | €56,600 | = | 0.0% |
| Reserves | 13 | €59,243 | €59,243 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,043 | €5,043 | = | 0.0% |
| Distributable reserves | 133 | €54,200 | €54,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,049 | -€1,002 | +€7,047 | +87.5% |
| Amounts payable | 17/49 | €373,574 | €406,321 | +€32,747 | +8.8% |
| Amounts payable within one year | 42/48 | €369,083 | €399,241 | +€30,158 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,515 | €8,625 | +€3,110 | +56.4% |
| Suppliers | 440/4 | €5,515 | €8,625 | +€3,110 | +56.4% |
| Taxes, remuneration and social security | 45 | €0 | €6,665 | +€6,665 | |
| Taxes | 450/3 | €0 | €3,031 | +€3,031 | |
| Remuneration and social security | 454/9 | - | €3,634 | +€3,634 | |
| Other amounts payable | 47/48 | €363,568 | €383,951 | +€20,383 | +5.6% |
| Accrued charges and deferred income | 492/3 | €4,491 | €7,080 | +€2,589 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,647 | €45,825 | +€3,177 | +7.5% |
| Other operating charges | 640/8 | €4,737 | €3,895 | -€842 | -17.8% |
| Gross operating margin | 9900 | €38,473 | €65,039 | +€26,567 | +69.1% |
| Operating profit (loss) | 9901 | -€8,911 | €15,320 | +€24,231 | |
| Financial charges | 65/66B | €4,652 | €7,173 | +€2,521 | +54.2% |
| Recurring financial charges | 65 | €4,652 | €7,173 | +€2,521 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,563 | €8,147 | +€21,710 | |
| Income taxes | 67/77 | €3,363 | €1,100 | -€2,263 | -67.3% |
| Profit (loss) for the period | 9904 | -€16,926 | €7,047 | +€23,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,926 | €7,047 | +€23,973 |
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 22 October 2026 via checked.be.