IMMOVEST: 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.
IMMOVEST
Largest movements
- Receivables within one year +€9,925
new in 2025: €9,925
- Tangible fixed assets -€8,667
down €8,667 (-3.7%), from €233,278 to €224,611
- Other debts +€32,838
up €32,838 (+20.7%), from €158,436 to €191,274
- Debts after one year -€30,590
down €30,590 (-47.2%), from €64,757 to €34,167
of which Other amounts payable: -€20,000
- Trade debts -€4,429
no longer reported in 2025 (was €4,429)
- Profit (loss) carried forward +€3,692
up €3,692 (+14.4%), from -€25,682 to -€21,990
- Gross operating margin +€6,874
up €6,874 (+70.7%), from €9,726 to €16,600
- Depreciation -€1,354
down €1,354 (-13.5%), from €10,021 to €8,667
- Financial charges +€635
up €635 (+20.9%), from €3,031 to €3,666
- Other operating charges +€220
up €220 (+61.7%), from €356 to €575
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 | €235,078 | €236,713 | +€1,635 | +0.7% |
| Fixed assets | 21/28 | €233,278 | €224,611 | -€8,667 | -3.7% |
| Tangible fixed assets | 22/27 | €233,278 | €224,611 | -€8,667 | -3.7% |
| Land and buildings | 22 | €233,278 | €224,611 | -€8,667 | -3.7% |
| Current assets | 29/58 | €1,800 | €12,102 | +€10,302 | +572% |
| Amounts receivable within one year | 40/41 | - | €9,925 | +€9,925 | |
| Other amounts receivable | 41 | - | €9,925 | +€9,925 | |
| Cash at bank and in hand | 54/58 | €1,800 | €2,177 | +€377 | +20.9% |
| Total equity and liabilities | 10/49 | €235,078 | €236,713 | +€1,635 | +0.7% |
| Equity | 10/15 | -€4,059 | -€367 | +€3,692 | +91.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,023 | €3,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,163 | €1,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,682 | -€21,990 | +€3,692 | +14.4% |
| Amounts payable | 17/49 | €239,137 | €237,081 | -€2,056 | -0.9% |
| Amounts payable after more than one year | 17 | €64,757 | €34,167 | -€30,590 | -47.2% |
| Financial debts | 170/4 | €44,757 | €34,167 | -€10,590 | -23.7% |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €174,380 | €202,914 | +€28,534 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €11,514 | €11,640 | +€126 | +1.1% |
| Trade debts | 44 | €4,429 | - | -€4,429 | |
| Suppliers | 440/4 | €4,429 | - | -€4,429 | |
| Other amounts payable | 47/48 | €158,436 | €191,274 | +€32,838 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,021 | €8,667 | -€1,354 | -13.5% |
| Other operating charges | 640/8 | €356 | €575 | +€220 | +61.7% |
| Gross operating margin | 9900 | €9,726 | €16,600 | +€6,874 | +70.7% |
| Operating profit (loss) | 9901 | -€651 | €7,358 | +€8,009 | |
| Financial charges | 65/66B | €3,031 | €3,666 | +€635 | +20.9% |
| Recurring financial charges | 65 | €3,031 | €3,666 | +€635 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,682 | €3,692 | +€7,374 | |
| Profit (loss) for the period | 9904 | -€3,682 | €3,692 | +€7,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,682 | €3,692 | +€7,374 |
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 19 October 2026 via checked.be.