IMMOTHEP: 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.
IMMOTHEP
Largest movements
- Tangible fixed assets -€354,843
down €354,843 (-7.2%), from €4.9m to €4.6m
of which Land and buildings: -€352,212
- Profit (loss) carried forward -€286,425
down €286,425 (-10.2%), from -€2.8m to -€3.1m
- Debts after one year -€182,705
down €182,705 (-12.7%), from €1.4m to €1.3m
- Other debts +€137,525
up €137,525 (+3.0%), from €4.6m to €4.8m
- Financial charges -€9,790
down €9,790 (-12.3%), from €79,290 to €69,501
- Gross operating margin +€5,930
up €5,930 (+3.9%), from €150,385 to €156,314
- Other operating charges +€1,629
up €1,629 (+9.7%), from €16,767 to €18,396
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 | €4,967,137 | €4,628,956 | -€338,182 | -6.8% |
| Fixed assets | 21/28 | €4,957,956 | €4,603,114 | -€354,843 | -7.2% |
| Tangible fixed assets | 22/27 | €4,939,135 | €4,584,292 | -€354,843 | -7.2% |
| Land and buildings | 22 | €4,936,504 | €4,584,292 | -€352,212 | -7.1% |
| Furniture and vehicles | 24 | €2,631 | - | -€2,631 | |
| Financial fixed assets | 28 | €18,822 | €18,822 | = | 0.0% |
| Current assets | 29/58 | €9,181 | €25,842 | +€16,661 | +181% |
| Amounts receivable within one year | 40/41 | €3,097 | €17,312 | +€14,215 | +459% |
| Trade receivables | 40 | €3,097 | €17,312 | +€14,215 | +459% |
| Cash at bank and in hand | 54/58 | €1,888 | €4,223 | +€2,335 | +124% |
| Deferred charges and accrued income | 490/1 | €4,196 | €4,307 | +€111 | +2.6% |
| Total equity and liabilities | 10/49 | €4,967,137 | €4,628,956 | -€338,182 | -6.8% |
| Equity | 10/15 | -€1,815,992 | -€2,102,416 | -€286,425 | -15.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,815,992 | -€3,102,416 | -€286,425 | -10.2% |
| Amounts payable | 17/49 | €6,783,129 | €6,731,372 | -€51,757 | -0.8% |
| Amounts payable after more than one year | 17 | €1,440,056 | €1,257,352 | -€182,705 | -12.7% |
| Financial debts | 170/4 | €1,440,056 | €1,257,352 | -€182,705 | -12.7% |
| Amounts payable within one year | 42/48 | €5,338,840 | €5,472,362 | +€133,523 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €187,607 | €182,705 | -€4,903 | -2.6% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €5,130 | €4,017 | -€1,113 | -21.7% |
| Suppliers | 440/4 | €5,130 | €4,017 | -€1,113 | -21.7% |
| Taxes, remuneration and social security | 45 | €4,302 | €6,315 | +€2,014 | +46.8% |
| Taxes | 450/3 | €4,302 | €6,315 | +€2,014 | +46.8% |
| Other amounts payable | 47/48 | €4,641,801 | €4,779,325 | +€137,525 | +3.0% |
| Accrued charges and deferred income | 492/3 | €4,234 | €1,658 | -€2,575 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,219 | €354,843 | -€376 | -0.1% |
| Other operating charges | 640/8 | €16,767 | €18,396 | +€1,629 | +9.7% |
| Gross operating margin | 9900 | €150,385 | €156,314 | +€5,930 | +3.9% |
| Operating profit (loss) | 9901 | -€221,601 | -€216,924 | +€4,677 | +2.1% |
| Financial income | 75/76B | €85 | €0 | -€85 | -99.7% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -99.7% |
| Financial charges | 65/66B | €79,290 | €69,501 | -€9,790 | -12.3% |
| Recurring financial charges | 65 | €79,290 | €69,501 | -€9,790 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€300,806 | -€286,425 | +€14,382 | +4.8% |
| Profit (loss) for the period | 9904 | -€300,806 | -€286,425 | +€14,382 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€300,806 | -€286,425 | +€14,382 | +4.8% |
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 28 October 2026 via checked.be.