IMMOTOV: 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.
IMMOTOV
Largest movements
- Tangible fixed assets -€422,877
down €422,877 (-49.8%), from €849,512 to €426,635
- Receivables within one year +€48,755
up €48,755 (+23.4%), from €208,261 to €257,016
- Cash -€40,463
down €40,463 (-15.5%), from €260,989 to €220,525
mainly Contributions, distributions and other (-€410,938) and Receivables within one year (-€48,755)
- Profit (loss) carried forward -€177,152
down €177,152 (-33.7%), from €525,475 to €348,323
- Reserves -€170,996
down €170,996 (-31.8%), from €537,215 to €366,219
of which Distributable reserves: -€163,706
- Contributions -€72,891
down €72,891 (-31.8%), from €229,000 to €156,109
- Depreciation -€20,198
down €20,198 (-62.8%), from €32,138 to €11,939
- Gross operating margin +€3,932
up €3,932 (+23.8%), from €16,492 to €20,424
- Other operating charges +€1,028
up €1,028 (+3.4%), from €29,922 to €30,950
- Financial income -€294
down €294 (-2.0%), from €15,021 to €14,727
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 | €1,318,934 | €904,352 | -€414,582 | -31.4% |
| Fixed assets | 21/28 | €849,512 | €426,635 | -€422,877 | -49.8% |
| Tangible fixed assets | 22/27 | €849,512 | €426,635 | -€422,877 | -49.8% |
| Land and buildings | 22 | €849,512 | €426,635 | -€422,877 | -49.8% |
| Current assets | 29/58 | €469,422 | €477,717 | +€8,295 | +1.8% |
| Amounts receivable within one year | 40/41 | €208,261 | €257,016 | +€48,755 | +23.4% |
| Other amounts receivable | 41 | €208,261 | €257,016 | +€48,755 | +23.4% |
| Cash at bank and in hand | 54/58 | €260,989 | €220,525 | -€40,463 | -15.5% |
| Deferred charges and accrued income | 490/1 | €172 | €176 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €1,318,934 | €904,352 | -€414,582 | -31.4% |
| Equity | 10/15 | €1,291,690 | €870,652 | -€421,039 | -32.6% |
| Contributions | 10/11 | €229,000 | €156,109 | -€72,891 | -31.8% |
| Capital | 10 | €229,000 | €156,109 | -€72,891 | -31.8% |
| Issued capital | 100 | €229,000 | €156,109 | -€72,891 | -31.8% |
| Reserves | 13 | €537,215 | €366,219 | -€170,996 | -31.8% |
| Non-distributable reserves | 130/1 | €22,900 | €15,611 | -€7,289 | -31.8% |
| Legal reserve | 130 | €22,900 | €15,611 | -€7,289 | -31.8% |
| Distributable reserves | 133 | €514,315 | €350,608 | -€163,706 | -31.8% |
| Profit (loss) carried forward | 14 | €525,475 | €348,323 | -€177,152 | -33.7% |
| Amounts payable | 17/49 | €27,244 | €33,700 | +€6,456 | +23.7% |
| Amounts payable after more than one year | 17 | €15,000 | €20,400 | +€5,400 | +36.0% |
| Other amounts payable | 178/9 | €15,000 | €20,400 | +€5,400 | +36.0% |
| Amounts payable within one year | 42/48 | €12,244 | €13,300 | +€1,056 | +8.6% |
| Trade debts | 44 | €1,006 | €3,590 | +€2,584 | +256.8% |
| Suppliers | 440/4 | €1,006 | €3,590 | +€2,584 | +256.8% |
| Taxes, remuneration and social security | 45 | €6,321 | €5,628 | -€693 | -11.0% |
| Taxes | 450/3 | €717 | €0 | -€717 | -100.0% |
| Remuneration and social security | 454/9 | €5,604 | €5,628 | +€24 | +0.4% |
| Other amounts payable | 47/48 | €4,917 | €4,082 | -€835 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,138 | €11,939 | -€20,198 | -62.8% |
| Other operating charges | 640/8 | €29,922 | €30,950 | +€1,028 | +3.4% |
| Gross operating margin | 9900 | €16,492 | €20,424 | +€3,932 | +23.8% |
| Operating profit (loss) | 9901 | -€45,568 | -€22,465 | +€23,102 | +50.7% |
| Financial income | 75/76B | €15,021 | €14,727 | -€294 | -2.0% |
| Recurring financial income | 75 | €15,021 | €14,727 | -€294 | -2.0% |
| Financial charges | 65/66B | €1,550 | €1,703 | +€153 | +9.9% |
| Recurring financial charges | 65 | €1,550 | €1,703 | +€153 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,096 | -€9,441 | +€22,655 | +70.6% |
| Income taxes | 67/77 | €745 | €659 | -€86 | -11.5% |
| Profit (loss) for the period | 9904 | -€32,841 | -€10,101 | +€22,741 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,841 | -€10,101 | +€22,741 | +69.2% |
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 10 October 2026 via checked.be.