IMMOTIMA: 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.
IMMOTIMA
Largest movements
- Tangible fixed assets -€5,738
down €5,738 (-4.5%), from €128,450 to €122,712
of which Plant, machinery and equipment: -€7,613
- Cash -€2,965
down €2,965 (-20.9%), from €14,182 to €11,216
mainly Debts after one year (-€5,848) and Other debts (-€4,242)
- Debts after one year -€5,848
down €5,848 (-6.7%), from €86,703 to €80,855
- Other debts -€4,242
down €4,242 (-3.9%), from €109,809 to €105,567
- Trade debts +€1,572
new in 2025: €1,572
- Gross operating margin -€3,536
down €3,536 (-21.3%), from €16,615 to €13,080
- Depreciation +€835
up €835 (+11.3%), from €7,403 to €8,238
- Other operating charges +€585
up €585 (+30.5%), from €1,914 to €2,498
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 | €144,275 | €135,745 | -€8,531 | -5.9% |
| Fixed assets | 21/28 | €128,450 | €122,712 | -€5,738 | -4.5% |
| Tangible fixed assets | 22/27 | €128,450 | €122,712 | -€5,738 | -4.5% |
| Land and buildings | 22 | €120,206 | €120,486 | +€280 | +0.2% |
| Plant, machinery and equipment | 23 | €7,613 | €0 | -€7,613 | -100.0% |
| Furniture and vehicles | 24 | €631 | €2,226 | +€1,595 | +253.0% |
| Current assets | 29/58 | €15,825 | €13,032 | -€2,792 | -17.6% |
| Cash at bank and in hand | 54/58 | €14,182 | €11,216 | -€2,965 | -20.9% |
| Deferred charges and accrued income | 490/1 | €1,643 | €1,816 | +€173 | +10.5% |
| Total equity and liabilities | 10/49 | €144,275 | €135,745 | -€8,531 | -5.9% |
| Equity | 10/15 | -€57,940 | -€58,097 | -€157 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €6,200 | +€6,200 | |
| Reserves not available under the articles | 1311 | - | €6,200 | +€6,200 | |
| Distributable reserves | 133 | €6,200 | €0 | -€6,200 | -100.0% |
| Profit (loss) carried forward | 14 | -€126,140 | -€126,297 | -€157 | -0.1% |
| Amounts payable | 17/49 | €202,215 | €193,842 | -€8,373 | -4.1% |
| Amounts payable after more than one year | 17 | €86,703 | €80,855 | -€5,848 | -6.7% |
| Financial debts | 170/4 | €86,703 | €80,855 | -€5,848 | -6.7% |
| Amounts payable within one year | 42/48 | €115,512 | €112,987 | -€2,526 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €5,703 | €5,848 | +€144 | +2.5% |
| Trade debts | 44 | - | €1,572 | +€1,572 | |
| Suppliers | 440/4 | - | €1,572 | +€1,572 | |
| Other amounts payable | 47/48 | €109,809 | €105,567 | -€4,242 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,403 | €8,238 | +€835 | +11.3% |
| Other operating charges | 640/8 | €1,914 | €2,498 | +€585 | +30.5% |
| Gross operating margin | 9900 | €16,615 | €13,080 | -€3,536 | -21.3% |
| Operating profit (loss) | 9901 | €7,299 | €2,343 | -€4,955 | -67.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,631 | €2,502 | -€129 | -4.9% |
| Recurring financial charges | 65 | €2,631 | €2,502 | -€129 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €4,668 | -€157 | -€4,826 | |
| Profit (loss) for the period | 9904 | €4,668 | -€157 | -€4,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,668 | -€157 | -€4,826 |
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 30 September 2026 via checked.be.