IMMOVIA: 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.
IMMOVIA
Largest movements
- Tangible fixed assets -€89,627
down €89,627 (-5.9%), from €1.5m to €1.4m
- Receivables within one year +€34,202
up €34,202 (+10.1%), from €339,587 to €373,790
of which Other amounts receivable: +€34,399
- Other debts +€107,794
up €107,794 (+167%), from €64,589 to €172,382
- Debts after one year -€83,946
down €83,946 (-14.7%), from €572,854 to €488,908
- Profit (loss) carried forward -€60,441
down €60,441 (-6.6%), from -€911,204 to -€971,645
- Trade debts -€26,911
down €26,911 (-27.6%), from €97,630 to €70,719
- Gross operating margin +€24,817
up €24,817 (+29.7%), from €83,426 to €108,244
- Staff costs +€7,759
up €7,759 (+28.5%), from €27,198 to €34,958
- Depreciation +€6,686
up €6,686 (+5.6%), from €120,019 to €126,705
- Financial charges -€2,806
down €2,806 (-11.4%), from €24,510 to €21,704
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 | €1,899,440 | €1,858,032 | -€41,408 | -2.2% |
| Fixed assets | 21/28 | €1,515,184 | €1,425,557 | -€89,627 | -5.9% |
| Tangible fixed assets | 22/27 | €1,515,184 | €1,425,557 | -€89,627 | -5.9% |
| Land and buildings | 22 | €1,515,184 | €1,425,557 | -€89,627 | -5.9% |
| Current assets | 29/58 | €384,256 | €432,475 | +€48,219 | +12.5% |
| Amounts receivable within one year | 40/41 | €339,587 | €373,790 | +€34,202 | +10.1% |
| Trade receivables | 40 | €4,984 | €4,787 | -€197 | -3.9% |
| Other amounts receivable | 41 | €334,603 | €369,002 | +€34,399 | +10.3% |
| Cash at bank and in hand | 54/58 | €4,093 | €2,277 | -€1,815 | -44.4% |
| Deferred charges and accrued income | 490/1 | €40,577 | €56,408 | +€15,832 | +39.0% |
| Total equity and liabilities | 10/49 | €1,899,440 | €1,858,032 | -€41,408 | -2.2% |
| Equity | 10/15 | €1,062,860 | €1,002,418 | -€60,441 | -5.7% |
| Contributions | 10/11 | €662,000 | €662,000 | = | 0.0% |
| Capital | 10 | €662,000 | €662,000 | = | 0.0% |
| Issued capital | 100 | €662,000 | €662,000 | = | 0.0% |
| Revaluation surpluses | 12 | €568,534 | €568,534 | = | 0.0% |
| Reserves | 13 | €743,529 | €743,529 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,176 | €37,176 | = | 0.0% |
| Legal reserve | 130 | €37,176 | €37,176 | = | 0.0% |
| Distributable reserves | 133 | €706,353 | €706,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€911,204 | -€971,645 | -€60,441 | -6.6% |
| Amounts payable | 17/49 | €836,580 | €855,613 | +€19,033 | +2.3% |
| Amounts payable after more than one year | 17 | €572,854 | €488,908 | -€83,946 | -14.7% |
| Financial debts | 170/4 | €572,854 | €488,908 | -€83,946 | -14.7% |
| Amounts payable within one year | 42/48 | €257,947 | €357,747 | +€99,799 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €81,235 | €90,818 | +€9,583 | +11.8% |
| Financial debts | 43 | €12,533 | €19,520 | +€6,986 | +55.7% |
| Credit institutions | 430/8 | €12,533 | €19,520 | +€6,986 | +55.7% |
| Trade debts | 44 | €97,630 | €70,719 | -€26,911 | -27.6% |
| Suppliers | 440/4 | €97,630 | €70,719 | -€26,911 | -27.6% |
| Taxes, remuneration and social security | 45 | €1,961 | €4,308 | +€2,347 | +120% |
| Remuneration and social security | 454/9 | €1,961 | €4,308 | +€2,347 | +120% |
| Other amounts payable | 47/48 | €64,589 | €172,382 | +€107,794 | +167% |
| Accrued charges and deferred income | 492/3 | €5,779 | €8,959 | +€3,180 | +55.0% |
| Non-recurring operating income | 76A | €21,000 | - | -€21,000 | |
| Remuneration, social security and pensions | 62 | €27,198 | €34,958 | +€7,759 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,019 | €126,705 | +€6,686 | +5.6% |
| Other operating charges | 640/8 | €1,078 | €1,088 | +€9 | +0.9% |
| Gross operating margin | 9900 | €83,426 | €108,244 | +€24,817 | +29.7% |
| Operating profit (loss) | 9901 | -€64,870 | -€54,507 | +€10,363 | +16.0% |
| Financial income | 75/76B | €15,750 | €15,769 | +€19 | +0.1% |
| Recurring financial income | 75 | €15,750 | €15,769 | +€19 | +0.1% |
| Financial charges | 65/66B | €24,510 | €21,704 | -€2,806 | -11.4% |
| Recurring financial charges | 65 | €24,510 | €21,704 | -€2,806 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€73,629 | -€60,441 | +€13,188 | +17.9% |
| Income taxes | 67/77 | €1,078 | - | -€1,078 | |
| Profit (loss) for the period | 9904 | -€74,708 | -€60,441 | +€14,266 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,708 | -€60,441 | +€14,266 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.