Immotop: 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.
Immotop
Largest movements
- Cash -€60,657
down €60,657 (-31.4%), from €193,093 to €132,436
mainly Other debts (-€42,909) and Receivables after one year (-€29,081)
- Receivables after one year +€29,081
up €29,081, from €0 to €29,081
- Tangible fixed assets -€18,853
down €18,853 (-7.3%), from €258,564 to €239,711
of which Furniture and vehicles: -€14,150
- Other debts -€42,909
down €42,909 (-60.1%), from €71,452 to €28,543
- Debts after one year -€16,283
down €16,283 (-10.0%), from €162,440 to €146,157
- Reserves +€5,205
up €5,205 (+3.1%), from €168,037 to €173,242
- Gross operating margin -€22,294
down €22,294 (-44.1%), from €50,567 to €28,273
- Taxes -€5,678
down €5,678 (-73.2%), from €7,758 to €2,080
- Financial income +€1,980
up €1,980 (+380%), from €521 to €2,501
- Depreciation +€1,492
up €1,492 (+8.6%), from €17,361 to €18,853
- Financial charges -€672
down €672 (-18.9%), from €3,549 to €2,877
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 | €478,603 | €423,727 | -€54,876 | -11.5% |
| Fixed assets | 21/28 | €258,564 | €239,711 | -€18,853 | -7.3% |
| Tangible fixed assets | 22/27 | €258,564 | €239,711 | -€18,853 | -7.3% |
| Land and buildings | 22 | €203,815 | €199,111 | -€4,704 | -2.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €54,750 | €40,600 | -€14,150 | -25.8% |
| Current assets | 29/58 | €220,039 | €184,016 | -€36,023 | -16.4% |
| Amounts receivable after more than one year | 29 | €0 | €29,081 | +€29,081 | |
| Other amounts receivable | 291 | €0 | €29,081 | +€29,081 | |
| Amounts receivable within one year | 40/41 | €26,740 | €22,297 | -€4,444 | -16.6% |
| Trade receivables | 40 | €8,683 | €8,683 | = | 0.0% |
| Other amounts receivable | 41 | €18,057 | €13,614 | -€4,444 | -24.6% |
| Cash at bank and in hand | 54/58 | €193,093 | €132,436 | -€60,657 | -31.4% |
| Deferred charges and accrued income | 490/1 | €205 | €202 | -€3 | -1.7% |
| Total equity and liabilities | 10/49 | €478,603 | €423,727 | -€54,876 | -11.5% |
| Equity | 10/15 | €208,585 | €213,790 | +€5,205 | +2.5% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €168,037 | €173,242 | +€5,205 | +3.1% |
| Distributable reserves | 133 | €168,037 | €173,242 | +€5,205 | +3.1% |
| Profit (loss) carried forward | 14 | €31,548 | €31,548 | = | 0.0% |
| Amounts payable | 17/49 | €270,019 | €209,938 | -€60,081 | -22.3% |
| Amounts payable after more than one year | 17 | €162,440 | €146,157 | -€16,283 | -10.0% |
| Financial debts | 170/4 | €162,440 | €146,157 | -€16,283 | -10.0% |
| Amounts payable within one year | 42/48 | €107,379 | €63,580 | -€43,798 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €16,027 | €16,283 | +€256 | +1.6% |
| Trade debts | 44 | €13,575 | €13,720 | +€145 | +1.1% |
| Suppliers | 440/4 | €13,575 | €13,720 | +€145 | +1.1% |
| Taxes, remuneration and social security | 45 | €6,325 | €5,035 | -€1,290 | -20.4% |
| Taxes | 450/3 | €6,325 | €5,035 | -€1,290 | -20.4% |
| Other amounts payable | 47/48 | €71,452 | €28,543 | -€42,909 | -60.1% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,361 | €18,853 | +€1,492 | +8.6% |
| Other operating charges | 640/8 | €2,279 | €1,759 | -€519 | -22.8% |
| Gross operating margin | 9900 | €50,567 | €28,273 | -€22,294 | -44.1% |
| Operating profit (loss) | 9901 | €30,927 | €7,661 | -€23,267 | -75.2% |
| Financial income | 75/76B | €521 | €2,501 | +€1,980 | +380% |
| Recurring financial income | 75 | €521 | €2,501 | +€1,980 | +380% |
| Financial charges | 65/66B | €3,549 | €2,877 | -€672 | -18.9% |
| Recurring financial charges | 65 | €3,549 | €2,877 | -€672 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €27,899 | €7,285 | -€20,614 | -73.9% |
| Income taxes | 67/77 | €7,758 | €2,080 | -€5,678 | -73.2% |
| Profit (loss) for the period | 9904 | €20,142 | €5,205 | -€14,936 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,142 | €5,205 | -€14,936 | -74.2% |
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 21 October 2026 via checked.be.