IMMOVRIÈRE: 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.
IMMOVRIÈRE
Largest movements
- Tangible fixed assets -€91,518
down €91,518 (-5.8%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€48,168
- Cash +€45,655
up €45,655 (+66.5%), from €68,692 to €114,348
mainly Depreciation (+€91,518) and Net result for the year (+€66,808)
- Other debts -€65,000
down €65,000 (-26.6%), from €244,620 to €179,620
- Debts after one year -€52,675
down €52,675 (-11.3%), from €464,557 to €411,882
- Profit (loss) carried forward +€42,128
up €42,128, from -€42,128 to €0
- Investment grants -€26,940
down €26,940 (-51.2%), from €52,616 to €25,676
- Tax, wage and social debts +€25,527
up €25,527 (+1182.7%), from €2,158 to €27,686
- Depreciation -€82,856
down €82,856 (-47.5%), from €174,373 to €91,518
- Taxes +€25,527
up €25,527 (+1182.7%), from €2,158 to €27,685
- Other operating charges -€5,673
down €5,673 (-85.0%), from €6,672 to €998
- Financial charges +€3,281
up €3,281 (+19.7%), from €16,636 to €19,917
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 | €1,636,009 | €1,590,147 | -€45,862 | -2.8% |
| Fixed assets | 21/28 | €1,567,317 | €1,475,799 | -€91,518 | -5.8% |
| Tangible fixed assets | 22/27 | €1,567,317 | €1,475,799 | -€91,518 | -5.8% |
| Land and buildings | 22 | €1,348,510 | €1,305,160 | -€43,350 | -3.2% |
| Plant, machinery and equipment | 23 | €218,806 | €170,639 | -€48,168 | -22.0% |
| Current assets | 29/58 | €68,692 | €114,348 | +€45,655 | +66.5% |
| Cash at bank and in hand | 54/58 | €68,692 | €114,348 | +€45,655 | +66.5% |
| Total equity and liabilities | 10/49 | €1,636,009 | €1,590,147 | -€45,862 | -2.8% |
| Equity | 10/15 | €878,023 | €917,891 | +€39,868 | +4.5% |
| Contributions | 10/11 | €68,228 | €68,228 | = | 0.0% |
| Reserves | 13 | €799,307 | €823,987 | +€24,680 | +3.1% |
| Distributable reserves | 133 | €799,307 | €823,987 | +€24,680 | +3.1% |
| Profit (loss) carried forward | 14 | -€42,128 | €0 | +€42,128 | |
| Investment grants | 15 | €52,616 | €25,676 | -€26,940 | -51.2% |
| Amounts payable | 17/49 | €757,986 | €672,256 | -€85,730 | -11.3% |
| Amounts payable after more than one year | 17 | €464,557 | €411,882 | -€52,675 | -11.3% |
| Financial debts | 170/4 | €464,557 | €411,882 | -€52,675 | -11.3% |
| Amounts payable within one year | 42/48 | €293,429 | €260,374 | -€33,055 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €46,651 | €52,675 | +€6,024 | +12.9% |
| Trade debts | 44 | - | €393 | +€393 | |
| Suppliers | 440/4 | - | €393 | +€393 | |
| Taxes, remuneration and social security | 45 | €2,158 | €27,686 | +€25,527 | +1182.7% |
| Taxes | 450/3 | €2,158 | €27,686 | +€25,527 | +1182.7% |
| Other amounts payable | 47/48 | €244,620 | €179,620 | -€65,000 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,373 | €91,518 | -€82,856 | -47.5% |
| Other operating charges | 640/8 | €6,672 | €998 | -€5,673 | -85.0% |
| Gross operating margin | 9900 | €178,654 | €179,987 | +€1,332 | +0.7% |
| Operating profit (loss) | 9901 | -€2,391 | €87,471 | +€89,862 | |
| Financial income | 75/76B | €26,940 | €26,940 | = | 0.0% |
| Recurring financial income | 75 | €26,940 | €26,940 | = | 0.0% |
| Financial charges | 65/66B | €16,636 | €19,917 | +€3,281 | +19.7% |
| Recurring financial charges | 65 | €16,636 | €19,917 | +€3,281 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €7,913 | €94,493 | +€86,581 | +1094.2% |
| Income taxes | 67/77 | €2,158 | €27,685 | +€25,527 | +1182.7% |
| Profit (loss) for the period | 9904 | €5,754 | €66,808 | +€61,054 | +1061.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,754 | €66,808 | +€61,054 | +1061.0% |
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 7 October 2026 via checked.be.