IMMOVELP: 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.
IMMOVELP
Largest movements
- Tangible fixed assets -€28,487
down €28,487 (-4.1%), from €696,962 to €668,475
of which Land and buildings: -€17,955
- Receivables within one year -€17,091
down €17,091 (-11.2%), from €152,919 to €135,828
of which Other amounts receivable: -€27,065
- Debts after one year -€59,291
down €59,291 (-12.4%), from €479,304 to €420,013
- Tax, wage and social debts -€34,050
down €34,050 (-88.1%), from €38,649 to €4,600
of which Taxes: -€34,010
- Reserves +€28,594
up €28,594 (+12.0%), from €238,926 to €267,520
of which Distributable reserves: +€31,995
- Current portion of long-term debt +€12,510
up €12,510 (+21.8%), from €57,499 to €70,010
- Gross operating margin -€22,161
down €22,161 (-16.7%), from €132,638 to €110,476
- Taxes -€8,582
down €8,582 (-36.5%), from €23,513 to €14,931
- Staff costs +€1,416
up €1,416 (+5.9%), from €23,842 to €25,258
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 | €871,602 | €816,182 | -€55,420 | -6.4% |
| Fixed assets | 21/28 | €696,962 | €668,475 | -€28,487 | -4.1% |
| Tangible fixed assets | 22/27 | €696,962 | €668,475 | -€28,487 | -4.1% |
| Land and buildings | 22 | €651,171 | €633,216 | -€17,955 | -2.8% |
| Plant, machinery and equipment | 23 | €45,253 | €34,901 | -€10,352 | -22.9% |
| Furniture and vehicles | 24 | €537 | €358 | -€179 | -33.3% |
| Current assets | 29/58 | €174,640 | €147,706 | -€26,933 | -15.4% |
| Amounts receivable after more than one year | 29 | €10,542 | €3,858 | -€6,684 | -63.4% |
| Other amounts receivable | 291 | €10,542 | €3,858 | -€6,684 | -63.4% |
| Amounts receivable within one year | 40/41 | €152,919 | €135,828 | -€17,091 | -11.2% |
| Trade receivables | 40 | €102,411 | €112,384 | +€9,973 | +9.7% |
| Other amounts receivable | 41 | €50,508 | €23,444 | -€27,065 | -53.6% |
| Cash at bank and in hand | 54/58 | €11,099 | €8,021 | -€3,078 | -27.7% |
| Deferred charges and accrued income | 490/1 | €80 | - | -€80 | |
| Total equity and liabilities | 10/49 | €871,602 | €816,182 | -€55,420 | -6.4% |
| Equity | 10/15 | €272,526 | €301,120 | +€28,594 | +10.5% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €238,926 | €267,520 | +€28,594 | +12.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €58,955 | €55,553 | -€3,401 | -5.8% |
| Distributable reserves | 133 | €179,971 | €211,967 | +€31,995 | +17.8% |
| Provisions and deferred taxes | 16 | €18,140 | €17,006 | -€1,134 | -6.2% |
| Deferred taxes | 168 | €18,140 | €17,006 | -€1,134 | -6.2% |
| Amounts payable | 17/49 | €580,936 | €498,055 | -€82,880 | -14.3% |
| Amounts payable after more than one year | 17 | €479,304 | €420,013 | -€59,291 | -12.4% |
| Financial debts | 170/4 | €479,304 | €420,013 | -€59,291 | -12.4% |
| Amounts payable within one year | 42/48 | €101,632 | €78,042 | -€23,590 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €57,499 | €70,010 | +€12,510 | +21.8% |
| Trade debts | 44 | €5,483 | €3,433 | -€2,050 | -37.4% |
| Suppliers | 440/4 | €5,483 | €3,433 | -€2,050 | -37.4% |
| Taxes, remuneration and social security | 45 | €38,649 | €4,600 | -€34,050 | -88.1% |
| Taxes | 450/3 | €38,610 | €4,600 | -€34,010 | -88.1% |
| Remuneration and social security | 454/9 | €40 | - | -€40 | |
| Remuneration, social security and pensions | 62 | €23,842 | €25,258 | +€1,416 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,487 | €28,487 | = | 0.0% |
| Other operating charges | 640/8 | €616 | €635 | +€19 | +3.1% |
| Gross operating margin | 9900 | €132,638 | €110,476 | -€22,161 | -16.7% |
| Operating profit (loss) | 9901 | €79,693 | €56,097 | -€23,596 | -29.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,728 | €13,706 | -€23 | -0.2% |
| Recurring financial charges | 65 | €13,728 | €13,706 | -€23 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €65,965 | €42,391 | -€23,574 | -35.7% |
| Transfer from deferred taxes | 780 | €1,134 | €1,134 | = | 0.0% |
| Income taxes | 67/77 | €23,513 | €14,931 | -€8,582 | -36.5% |
| Profit (loss) for the period | 9904 | €43,585 | €28,594 | -€14,991 | -34.4% |
| Transfer from tax-exempt reserves | 789 | €3,401 | €3,401 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,987 | €31,995 | -€14,991 | -31.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.