IMMOTERRE: 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.
IMMOTERRE
Largest movements
- Tangible fixed assets +€305,720
up €305,720 (+138.9%), from €220,131 to €525,851
of which Land and buildings: +€216,340
- Receivables within one year -€64,315
down €64,315 (-99.0%), from €64,953 to €638
of which Other amounts receivable: -€64,953
- Cash +€6,713
up €6,713 (+473.6%), from €1,417 to €8,131
mainly Debts after one year (+€206,000) and Receivables within one year (+€64,315)
- Debts after one year +€206,000
new in 2025: €206,000
- Other debts +€42,184
up €42,184 (+22.9%), from €184,314 to €226,498
- Gross operating margin +€4,021
up €4,021 (+19.2%), from €20,992 to €25,013
- Financial charges -€1,504
down €1,504 (-16.7%), from €8,982 to €7,478
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 | €287,406 | €536,797 | +€249,391 | +86.8% |
| Fixed assets | 21/28 | €220,131 | €525,851 | +€305,720 | +138.9% |
| Tangible fixed assets | 22/27 | €220,131 | €525,851 | +€305,720 | +138.9% |
| Land and buildings | 22 | €219,994 | €436,333 | +€216,340 | +98.3% |
| Plant, machinery and equipment | 23 | €137 | - | -€137 | |
| Assets under construction and advance payments | 27 | - | €89,517 | +€89,517 | |
| Current assets | 29/58 | €67,275 | €10,947 | -€56,329 | -83.7% |
| Amounts receivable within one year | 40/41 | €64,953 | €638 | -€64,315 | -99.0% |
| Trade receivables | 40 | - | €638 | +€638 | |
| Other amounts receivable | 41 | €64,953 | - | -€64,953 | |
| Cash at bank and in hand | 54/58 | €1,417 | €8,131 | +€6,713 | +473.6% |
| Deferred charges and accrued income | 490/1 | €905 | €2,178 | +€1,273 | +140.7% |
| Total equity and liabilities | 10/49 | €287,406 | €536,797 | +€249,391 | +86.8% |
| Equity | 10/15 | €102,834 | €101,296 | -€1,538 | -1.5% |
| Contributions | 10/11 | €111,750 | €111,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,916 | -€10,454 | -€1,538 | -17.3% |
| Amounts payable | 17/49 | €184,572 | €435,501 | +€250,929 | +136.0% |
| Amounts payable after more than one year | 17 | - | €206,000 | +€206,000 | |
| Financial debts | 170/4 | - | €206,000 | +€206,000 | |
| Amounts payable within one year | 42/48 | €184,572 | €229,501 | +€44,929 | +24.3% |
| Trade debts | 44 | €258 | €3,004 | +€2,746 | +1064.3% |
| Suppliers | 440/4 | €258 | €3,004 | +€2,746 | +1064.3% |
| Other amounts payable | 47/48 | €184,314 | €226,498 | +€42,184 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,869 | €15,833 | -€36 | -0.2% |
| Other operating charges | 640/8 | €3,298 | €3,241 | -€57 | -1.7% |
| Gross operating margin | 9900 | €20,992 | €25,013 | +€4,021 | +19.2% |
| Operating profit (loss) | 9901 | €1,825 | €5,940 | +€4,115 | +225.4% |
| Financial charges | 65/66B | €8,982 | €7,478 | -€1,504 | -16.7% |
| Recurring financial charges | 65 | €8,982 | €7,478 | -€1,504 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,157 | -€1,538 | +€5,619 | +78.5% |
| Profit (loss) for the period | 9904 | -€7,157 | -€1,538 | +€5,619 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,157 | -€1,538 | +€5,619 | +78.5% |
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 4 October 2026 via checked.be.