IMMOVET: 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.
IMMOVET
Largest movements
- Tangible fixed assets -€24,026
down €24,026 (-4.1%), from €592,799 to €568,774
- Debts after one year -€46,377
down €46,377 (-12.1%), from €383,460 to €337,083
- Profit (loss) carried forward +€38,907
up €38,907 (+40.5%), from -€95,979 to -€57,072
- Other debts -€8,777
down €8,777 (-3.5%), from €250,849 to €242,073
- Financial charges -€9,259
down €9,259 (-74.8%), from €12,383 to €3,124
- Gross operating margin -€6,783
down €6,783 (-7.8%), from €87,314 to €80,532
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 | €603,328 | €584,256 | -€19,072 | -3.2% |
| Fixed assets | 21/28 | €594,618 | €570,593 | -€24,026 | -4.0% |
| Tangible fixed assets | 22/27 | €592,799 | €568,774 | -€24,026 | -4.1% |
| Land and buildings | 22 | €592,799 | €568,774 | -€24,026 | -4.1% |
| Financial fixed assets | 28 | €1,819 | €1,819 | = | 0.0% |
| Current assets | 29/58 | €8,710 | €13,663 | +€4,953 | +56.9% |
| Amounts receivable within one year | 40/41 | €1,110 | €1,110 | = | 0.0% |
| Trade receivables | 40 | €1,110 | €1,110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,021 | €12,553 | +€5,532 | +78.8% |
| Deferred charges and accrued income | 490/1 | €579 | - | -€579 | |
| Total equity and liabilities | 10/49 | €603,328 | €584,256 | -€19,072 | -3.2% |
| Equity | 10/15 | -€77,379 | -€38,472 | +€38,907 | +50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,979 | -€57,072 | +€38,907 | +40.5% |
| Amounts payable | 17/49 | €680,707 | €622,728 | -€57,979 | -8.5% |
| Amounts payable after more than one year | 17 | €383,460 | €337,083 | -€46,377 | -12.1% |
| Financial debts | 170/4 | €383,460 | €337,083 | -€46,377 | -12.1% |
| Amounts payable within one year | 42/48 | €297,247 | €285,645 | -€11,602 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €45,506 | €42,552 | -€2,954 | -6.5% |
| Trade debts | 44 | €892 | €1,020 | +€128 | +14.4% |
| Suppliers | 440/4 | €892 | €1,020 | +€128 | +14.4% |
| Other amounts payable | 47/48 | €250,849 | €242,073 | -€8,777 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,956 | €31,590 | +€633 | +2.0% |
| Other operating charges | 640/8 | €6,578 | €6,913 | +€335 | +5.1% |
| Gross operating margin | 9900 | €87,314 | €80,532 | -€6,783 | -7.8% |
| Operating profit (loss) | 9901 | €49,780 | €42,029 | -€7,751 | -15.6% |
| Financial income | 75/76B | €1 | €3 | +€2 | +278% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +278% |
| Financial charges | 65/66B | €12,383 | €3,124 | -€9,259 | -74.8% |
| Recurring financial charges | 65 | €12,383 | €3,124 | -€9,259 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €37,397 | €38,908 | +€1,511 | +4.0% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €37,397 | €38,907 | +€1,510 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,397 | €38,907 | +€1,510 | +4.0% |
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.