IMMOTIM: 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.
What changed
IMMOTIM
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,823
2024 · -€210-€2,613
Equity
€974,894
2024 · €977,716-€2,823
Cash
€25,409
2024 · €39,176-€13,767
Balance sheet total
€1.3m
2024 · €1.4m-€54,315
Largest movements
Assets
- Tangible fixed assets -€39,571
down €39,571 (-3.2%), from €1.3m to €1.2m
of which Land and buildings: -€42,593
Equity and liabilities
- Debts after one year -€47,650
down €47,650 (-15.0%), from €318,014 to €270,364
Income statement
- Financial income -€1,084
down €1,084 (-48.5%), from €2,236 to €1,152
- Other operating charges +€1,035
up €1,035 (+12.4%), from €8,371 to €9,406
- Gross operating margin -€1,014
down €1,014 (-1.8%), from €56,285 to €55,271
- Financial charges -€788
down €788 (-12.5%), from €6,295 to €5,507
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.
Result 2024
-€210
Gross operating margin
-€1,014
Depreciation
-€228
Other operating charges
-€1,035
Financial income
-€1,084
Financial charges
+€788
Taxes
-€40
Result 2025
-€2,823
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.
From operations
+€37,379
Investment
-€4,177
Financing
-€46,969
Cash 2024
€39,176
From operations (derived)
+€37,379
Net result for the year
-€2,823
Depreciation
+€43,747
Receivables within one year
+€124
Deferred charges and accrued income
+€853
Trade debts
+€657
Tax, wage and social debts
+€240
Other debts
-€5,565
Accrued charges and deferred income
+€146
Investment (derived)
-€4,177
Investment in fixed assets (net)
-€4,177
Financing
-€46,969
Debts after one year
-€47,650
Current portion of long-term debt
+€681
Cash 2025
€25,409
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,398,044 | €1,343,729 | -€54,315 | -3.9% |
| Fixed assets | 21/28 | €1,252,432 | €1,212,862 | -€39,571 | -3.2% |
| Tangible fixed assets | 22/27 | €1,252,432 | €1,212,862 | -€39,571 | -3.2% |
| Land and buildings | 22 | €1,249,603 | €1,207,010 | -€42,593 | -3.4% |
| Plant, machinery and equipment | 23 | - | €4,012 | +€4,012 | |
| Furniture and vehicles | 24 | €2,830 | €1,840 | -€989 | -35.0% |
| Current assets | 29/58 | €145,612 | €130,868 | -€14,744 | -10.1% |
| Amounts receivable within one year | 40/41 | €124 | €0 | -€124 | -100.0% |
| Other amounts receivable | 41 | €124 | €0 | -€124 | -100.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,176 | €25,409 | -€13,767 | -35.1% |
| Deferred charges and accrued income | 490/1 | €6,312 | €5,459 | -€853 | -13.5% |
| Total equity and liabilities | 10/49 | €1,398,044 | €1,343,729 | -€54,315 | -3.9% |
| Equity | 10/15 | €977,716 | €974,894 | -€2,823 | -0.3% |
| Contributions | 10/11 | €1,322,820 | €1,322,820 | = | 0.0% |
| Capital | 10 | €1,322,820 | €1,322,820 | = | 0.0% |
| Issued capital | 100 | €1,322,820 | €1,322,820 | = | 0.0% |
| Reserves | 13 | €66,855 | €66,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Distributable reserves | 133 | €48,263 | €48,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€411,959 | -€414,781 | -€2,823 | -0.7% |
| Amounts payable | 17/49 | €420,328 | €368,836 | -€51,492 | -12.3% |
| Amounts payable after more than one year | 17 | €318,014 | €270,364 | -€47,650 | -15.0% |
| Financial debts | 170/4 | €318,014 | €270,364 | -€47,650 | -15.0% |
| Amounts payable within one year | 42/48 | €101,762 | €97,774 | -€3,989 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €46,969 | €47,650 | +€681 | +1.4% |
| Trade debts | 44 | €885 | €1,542 | +€657 | +74.2% |
| Suppliers | 440/4 | €885 | €1,542 | +€657 | +74.2% |
| Taxes, remuneration and social security | 45 | €0 | €240 | +€240 | |
| Taxes | 450/3 | €0 | €240 | +€240 | |
| Other amounts payable | 47/48 | €53,908 | €48,343 | -€5,565 | -10.3% |
| Accrued charges and deferred income | 492/3 | €552 | €698 | +€146 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,519 | €43,747 | +€228 | +0.5% |
| Other operating charges | 640/8 | €8,371 | €9,406 | +€1,035 | +12.4% |
| Gross operating margin | 9900 | €56,285 | €55,271 | -€1,014 | -1.8% |
| Operating profit (loss) | 9901 | €4,394 | €2,118 | -€2,277 | -51.8% |
| Financial income | 75/76B | €2,236 | €1,152 | -€1,084 | -48.5% |
| Recurring financial income | 75 | €2,236 | €1,152 | -€1,084 | -48.5% |
| Financial charges | 65/66B | €6,295 | €5,507 | -€788 | -12.5% |
| Recurring financial charges | 65 | €6,295 | €5,507 | -€788 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €336 | -€2,237 | -€2,573 | |
| Income taxes | 67/77 | €546 | €585 | +€40 | +7.3% |
| Profit (loss) for the period | 9904 | -€210 | -€2,823 | -€2,613 | -1246.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€210 | -€2,823 | -€2,613 | -1246.8% |
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 29 September 2026 via checked.be.