IMMOTHEB: 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.
IMMOTHEB
Largest movements
- Receivables within one year +€37,409
up €37,409 (+10.0%), from €374,017 to €411,427
- Other debts +€49,770
up €49,770 (+20.5%), from €243,022 to €292,792
- Accrued charges and deferred income -€6,824
down €6,824 (-6.4%), from €106,613 to €99,789
- Profit (loss) carried forward -€5,499
down €5,499 (-27.0%), from -€20,392 to -€25,891
- Financial income -€8,391
down €8,391 (-78.0%), from €10,752 to €2,362
- Gross operating margin -€1,734
down €1,734 (-31.6%), from -€5,492 to -€7,226
- Taxes -€969
no longer reported in 2025 (was €969)
- Other operating charges -€408
down €408 (-42.1%), from €968 to €560
- Financial charges -€209
down €209 (-73.6%), from €284 to €75
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 | €384,985 | €421,788 | +€36,804 | +9.6% |
| Fixed assets | 21/28 | €10,210 | €10,210 | = | 0.0% |
| Financial fixed assets | 28 | €10,210 | €10,210 | = | 0.0% |
| Current assets | 29/58 | €374,775 | €411,578 | +€36,804 | +9.8% |
| Amounts receivable within one year | 40/41 | €374,017 | €411,427 | +€37,409 | +10.0% |
| Other amounts receivable | 41 | €374,017 | €411,427 | +€37,409 | +10.0% |
| Cash at bank and in hand | 54/58 | €757 | €151 | -€606 | -80.0% |
| Total equity and liabilities | 10/49 | €384,985 | €421,788 | +€36,804 | +9.6% |
| Equity | 10/15 | €32,443 | €26,944 | -€5,499 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,235 | €34,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,235 | €1,235 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,235 | €1,235 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,392 | -€25,891 | -€5,499 | -27.0% |
| Amounts payable | 17/49 | €352,541 | €394,844 | +€42,302 | +12.0% |
| Amounts payable within one year | 42/48 | €245,928 | €295,055 | +€49,127 | +20.0% |
| Trade debts | 44 | €1,855 | €1,211 | -€644 | -34.7% |
| Suppliers | 440/4 | €1,855 | €1,211 | -€644 | -34.7% |
| Taxes, remuneration and social security | 45 | €1,051 | €1,051 | = | 0.0% |
| Taxes | 450/3 | €1,051 | €1,051 | = | 0.0% |
| Other amounts payable | 47/48 | €243,022 | €292,792 | +€49,770 | +20.5% |
| Accrued charges and deferred income | 492/3 | €106,613 | €99,789 | -€6,824 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59 | - | -€59 | |
| Other operating charges | 640/8 | €968 | €560 | -€408 | -42.1% |
| Gross operating margin | 9900 | -€5,492 | -€7,226 | -€1,734 | -31.6% |
| Operating profit (loss) | 9901 | -€6,519 | -€7,786 | -€1,267 | -19.4% |
| Financial income | 75/76B | €10,752 | €2,362 | -€8,391 | -78.0% |
| Recurring financial income | 75 | €10,752 | €2,362 | -€8,391 | -78.0% |
| Financial charges | 65/66B | €284 | €75 | -€209 | -73.6% |
| Recurring financial charges | 65 | €284 | €75 | -€209 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €3,950 | -€5,499 | -€9,448 | |
| Income taxes | 67/77 | €969 | - | -€969 | |
| Profit (loss) for the period | 9904 | €2,981 | -€5,499 | -€8,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,981 | -€5,499 | -€8,480 |
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 16 October 2026 via checked.be.