IMMOTICON: 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.
IMMOTICON
Largest movements
- Stocks and contracts +€445,245
up €445,245 (+40.4%), from €1.1m to €1.5m
- Receivables within one year -€57,131
down €57,131 (-20.9%), from €273,532 to €216,401
of which Other amounts receivable: -€65,040
- Cash -€18,942
down €18,942 (-43.7%), from €43,311 to €24,369
mainly Stocks and contracts (-€445,245) and Net result for the year (-€59,515)
- Current portion of long-term debt +€521,799
up €521,799 (+64.3%), from €811,019 to €1.3m
- Profit (loss) carried forward -€59,203
down €59,203, from €81 to -€59,123
- Other debts -€50,790
down €50,790 (-51.7%), from €98,187 to €47,397
- Tax, wage and social debts -€20,543
down €20,543 (-100.0%), from €20,543 to €0
- Financial charges +€37,467
up €37,467 (+191.6%), from €19,553 to €57,020
- Gross operating margin +€4,806
up €4,806 (+31.8%), from -€15,106 to -€10,300
- Financial income -€580
down €580 (-6.0%), from €9,628 to €9,048
- Other operating charges +€465
up €465 (+59.7%), from €778 to €1,243
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 | €1,437,269 | €1,813,223 | +€375,954 | +26.2% |
| Current assets | 29/58 | €1,437,269 | €1,813,223 | +€375,954 | +26.2% |
| Stocks and contracts in progress | 3 | €1,100,916 | €1,546,161 | +€445,245 | +40.4% |
| Stocks | 30/36 | €1,100,916 | €1,546,161 | +€445,245 | +40.4% |
| Amounts receivable within one year | 40/41 | €273,532 | €216,401 | -€57,131 | -20.9% |
| Trade receivables | 40 | - | €7,909 | +€7,909 | |
| Other amounts receivable | 41 | €273,532 | €208,493 | -€65,040 | -23.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,311 | €24,369 | -€18,942 | -43.7% |
| Deferred charges and accrued income | 490/1 | €19,510 | €26,292 | +€6,782 | +34.8% |
| Total equity and liabilities | 10/49 | €1,437,269 | €1,813,223 | +€375,954 | +26.2% |
| Equity | 10/15 | €6,592 | -€52,923 | -€59,515 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311 | €0 | -€311 | -100.0% |
| Distributable reserves | 133 | €311 | €0 | -€311 | -100.0% |
| Profit (loss) carried forward | 14 | €81 | -€59,123 | -€59,203 | |
| Amounts payable | 17/49 | €1,430,677 | €1,866,146 | +€435,469 | +30.4% |
| Amounts payable after more than one year | 17 | €427,300 | €427,300 | = | 0.0% |
| Financial debts | 170/4 | €427,300 | €427,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,003,377 | €1,438,846 | +€435,469 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €811,019 | €1,332,818 | +€521,799 | +64.3% |
| Trade debts | 44 | €73,628 | €58,631 | -€14,998 | -20.4% |
| Suppliers | 440/4 | €73,628 | €58,631 | -€14,998 | -20.4% |
| Taxes, remuneration and social security | 45 | €20,543 | €0 | -€20,543 | -100.0% |
| Taxes | 450/3 | €20,543 | €0 | -€20,543 | -100.0% |
| Other amounts payable | 47/48 | €98,187 | €47,397 | -€50,790 | -51.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €778 | €1,243 | +€465 | +59.7% |
| Gross operating margin | 9900 | -€15,106 | -€10,300 | +€4,806 | +31.8% |
| Operating profit (loss) | 9901 | -€15,884 | -€11,542 | +€4,342 | +27.3% |
| Financial income | 75/76B | €9,628 | €9,048 | -€580 | -6.0% |
| Recurring financial income | 75 | €9,628 | €9,048 | -€580 | -6.0% |
| Financial charges | 65/66B | €19,553 | €57,020 | +€37,467 | +191.6% |
| Recurring financial charges | 65 | €19,553 | €57,020 | +€37,467 | +191.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,809 | -€59,515 | -€33,705 | -130.6% |
| Income taxes | 67/77 | €116 | €0 | -€116 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,925 | -€59,515 | -€33,589 | -129.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,925 | -€59,515 | -€33,589 | -129.6% |
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 11 October 2026 via checked.be.