IMMOTEP5: 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.
IMMOTEP5
Largest movements
- Tangible fixed assets +€280,801
up €280,801 (+61.6%), from €455,663 to €736,463
of which Land and buildings: +€260,262
- Cash -€137,883
down €137,883 (-99.9%), from €138,048 to €165
mainly Investment in fixed assets (net) (-€340,861) and Net result for the year (-€45,137)
- Receivables within one year -€27,750
no longer reported in 2025 (was €27,750)
- Other debts +€158,408
up €158,408 (+23.4%), from €675,737 to €834,146
- Profit (loss) carried forward -€45,137
down €45,137 (-74.2%), from -€60,857 to -€105,994
- Depreciation +€39,164
up €39,164 (+187.4%), from €20,896 to €60,060
- Gross operating margin +€2,280
up €2,280 (+13.6%), from €16,708 to €18,988
- Other operating charges +€1,781
up €1,781 (+87.7%), from €2,030 to €3,811
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 | €621,461 | €736,957 | +€115,496 | +18.6% |
| Fixed assets | 21/28 | €455,663 | €736,463 | +€280,801 | +61.6% |
| Tangible fixed assets | 22/27 | €455,663 | €736,463 | +€280,801 | +61.6% |
| Land and buildings | 22 | €424,396 | €684,658 | +€260,262 | +61.3% |
| Other tangible fixed assets | 26 | €31,267 | €51,805 | +€20,538 | +65.7% |
| Current assets | 29/58 | €165,798 | €494 | -€165,304 | -99.7% |
| Amounts receivable within one year | 40/41 | €27,750 | - | -€27,750 | |
| Trade receivables | 40 | €27,750 | - | -€27,750 | |
| Cash at bank and in hand | 54/58 | €138,048 | €165 | -€137,883 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €329 | +€329 | |
| Total equity and liabilities | 10/49 | €621,461 | €736,957 | +€115,496 | +18.6% |
| Equity | 10/15 | -€54,657 | -€99,794 | -€45,137 | -82.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,857 | -€105,994 | -€45,137 | -74.2% |
| Amounts payable | 17/49 | €676,118 | €836,751 | +€160,633 | +23.8% |
| Amounts payable within one year | 42/48 | €676,118 | €835,441 | +€159,323 | +23.6% |
| Financial debts | 43 | €9 | €24 | +€15 | +169.4% |
| Credit institutions | 430/8 | €9 | €24 | +€15 | +169.4% |
| Trade debts | 44 | €372 | €1,272 | +€900 | +241.9% |
| Suppliers | 440/4 | €372 | €1,272 | +€900 | +241.9% |
| Other amounts payable | 47/48 | €675,737 | €834,146 | +€158,408 | +23.4% |
| Accrued charges and deferred income | 492/3 | - | €1,310 | +€1,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,896 | €60,060 | +€39,164 | +187.4% |
| Other operating charges | 640/8 | €2,030 | €3,811 | +€1,781 | +87.7% |
| Gross operating margin | 9900 | €16,708 | €18,988 | +€2,280 | +13.6% |
| Operating profit (loss) | 9901 | -€6,218 | -€44,883 | -€38,665 | -621.8% |
| Financial charges | 65/66B | €214 | €253 | +€39 | +18.4% |
| Recurring financial charges | 65 | €214 | €253 | +€39 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,432 | -€45,137 | -€38,705 | -601.7% |
| Profit (loss) for the period | 9904 | -€6,432 | -€45,137 | -€38,705 | -601.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,432 | -€45,137 | -€38,705 | -601.7% |
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 12 October 2026 via checked.be.