IMMOTSINA: 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.
IMMOTSINA
Largest movements
- Tangible fixed assets -€39,744
down €39,744 (-3.1%), from €1.3m to €1.2m
of which Land and buildings: -€48,303
- Receivables within one year -€17,372
down €17,372 (-49.9%), from €34,833 to €17,461
of which Other amounts receivable: -€15,372
- Debts after one year -€89,324
down €89,324 (-19.8%), from €451,434 to €362,110
- Reserves +€60,213
up €60,213 (+17.6%), from €341,933 to €402,147
- Other debts -€23,348
down €23,348 (-15.1%), from €155,024 to €131,676
- Gross operating margin +€55,449
up €55,449 (+43.4%), from €127,735 to €183,184
- Taxes +€21,129
up €21,129 (+279.9%), from €7,548 to €28,677
- Depreciation -€6,842
down €6,842 (-9.0%), from €75,910 to €69,068
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 | €1,306,576 | €1,260,997 | -€45,579 | -3.5% |
| Fixed assets | 21/28 | €1,262,790 | €1,223,045 | -€39,744 | -3.1% |
| Tangible fixed assets | 22/27 | €1,262,790 | €1,223,045 | -€39,744 | -3.1% |
| Land and buildings | 22 | €1,222,605 | €1,174,302 | -€48,303 | -4.0% |
| Furniture and vehicles | 24 | €40,185 | €48,743 | +€8,558 | +21.3% |
| Current assets | 29/58 | €43,786 | €37,951 | -€5,835 | -13.3% |
| Amounts receivable within one year | 40/41 | €34,833 | €17,461 | -€17,372 | -49.9% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €32,833 | €17,461 | -€15,372 | -46.8% |
| Cash at bank and in hand | 54/58 | €8,244 | €17,281 | +€9,037 | +109.6% |
| Deferred charges and accrued income | 490/1 | €709 | €3,209 | +€2,500 | +352.9% |
| Total equity and liabilities | 10/49 | €1,306,576 | €1,260,997 | -€45,579 | -3.5% |
| Equity | 10/15 | €586,067 | €646,281 | +€60,213 | +10.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €341,933 | €402,147 | +€60,213 | +17.6% |
| Distributable reserves | 133 | €341,933 | €402,147 | +€60,213 | +17.6% |
| Profit (loss) carried forward | 14 | €223,674 | €223,674 | = | 0.0% |
| Amounts payable | 17/49 | €720,509 | €614,716 | -€105,793 | -14.7% |
| Amounts payable after more than one year | 17 | €451,434 | €362,110 | -€89,324 | -19.8% |
| Financial debts | 170/4 | €451,434 | €362,110 | -€89,324 | -19.8% |
| Amounts payable within one year | 42/48 | €268,267 | €251,826 | -€16,441 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €106,682 | €107,926 | +€1,244 | +1.2% |
| Trade debts | 44 | €6,561 | €8,539 | +€1,978 | +30.1% |
| Suppliers | 440/4 | €6,561 | €8,539 | +€1,978 | +30.1% |
| Taxes, remuneration and social security | 45 | - | €3,686 | +€3,686 | |
| Taxes | 450/3 | - | €3,686 | +€3,686 | |
| Other amounts payable | 47/48 | €155,024 | €131,676 | -€23,348 | -15.1% |
| Accrued charges and deferred income | 492/3 | €808 | €780 | -€28 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,910 | €69,068 | -€6,842 | -9.0% |
| Other operating charges | 640/8 | €16,283 | €16,469 | +€187 | +1.1% |
| Gross operating margin | 9900 | €127,735 | €183,184 | +€55,449 | +43.4% |
| Operating profit (loss) | 9901 | €35,542 | €97,647 | +€62,105 | +174.7% |
| Financial income | 75/76B | €29 | €14 | -€15 | -51.5% |
| Recurring financial income | 75 | €29 | €14 | -€15 | -51.5% |
| Financial charges | 65/66B | €10,589 | €8,770 | -€1,819 | -17.2% |
| Recurring financial charges | 65 | €10,589 | €8,770 | -€1,819 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €24,982 | €88,891 | +€63,909 | +255.8% |
| Income taxes | 67/77 | €7,548 | €28,677 | +€21,129 | +279.9% |
| Profit (loss) for the period | 9904 | €17,433 | €60,213 | +€42,780 | +245.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,433 | €60,213 | +€42,780 | +245.4% |
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 8 October 2026 via checked.be.