IMMOZERET: 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.
IMMOZERET
Largest movements
- Tangible fixed assets -€37,132
down €37,132 (-3.0%), from €1.2m to €1.2m
- Profit (loss) carried forward -€44,952
down €44,952 (-13.6%), from -€331,243 to -€376,195
- Financial charges +€4,641
up €4,641 (+87.4%), from €5,308 to €9,950
- Depreciation +€1,321
up €1,321 (+3.1%), from €42,724 to €44,045
- Gross operating margin +€948
up €948 (+7.9%), from €12,020 to €12,969
- Other operating charges +€325
up €325 (+9.0%), from €3,602 to €3,926
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 | €1,236,127 | €1,201,760 | -€34,367 | -2.8% |
| Fixed assets | 21/28 | €1,229,286 | €1,192,155 | -€37,132 | -3.0% |
| Tangible fixed assets | 22/27 | €1,229,286 | €1,192,155 | -€37,132 | -3.0% |
| Land and buildings | 22 | €1,229,286 | €1,192,155 | -€37,132 | -3.0% |
| Current assets | 29/58 | €6,841 | €9,606 | +€2,765 | +40.4% |
| Amounts receivable within one year | 40/41 | - | €4,102 | +€4,102 | |
| Trade receivables | 40 | - | €4,102 | +€4,102 | |
| Cash at bank and in hand | 54/58 | €6,841 | €5,504 | -€1,337 | -19.5% |
| Total equity and liabilities | 10/49 | €1,236,127 | €1,201,760 | -€34,367 | -2.8% |
| Equity | 10/15 | -€31,243 | -€76,195 | -€44,952 | -144% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,243 | -€376,195 | -€44,952 | -13.6% |
| Amounts payable | 17/49 | €1,267,370 | €1,277,955 | +€10,585 | +0.8% |
| Amounts payable after more than one year | 17 | €1,237,037 | €1,241,725 | +€4,688 | +0.4% |
| Financial debts | 170/4 | €436,063 | €412,351 | -€23,712 | -5.4% |
| Other amounts payable | 178/9 | €800,974 | €829,374 | +€28,400 | +3.5% |
| Amounts payable within one year | 42/48 | €30,333 | €36,230 | +€5,897 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €23,356 | €23,712 | +€356 | +1.5% |
| Trade debts | 44 | €3,566 | €2,533 | -€1,033 | -29.0% |
| Suppliers | 440/4 | €3,566 | €2,533 | -€1,033 | -29.0% |
| Other amounts payable | 47/48 | €3,411 | €9,985 | +€6,574 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,724 | €44,045 | +€1,321 | +3.1% |
| Other operating charges | 640/8 | €3,602 | €3,926 | +€325 | +9.0% |
| Gross operating margin | 9900 | €12,020 | €12,969 | +€948 | +7.9% |
| Operating profit (loss) | 9901 | -€34,305 | -€35,003 | -€697 | -2.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,308 | €9,950 | +€4,641 | +87.4% |
| Recurring financial charges | 65 | €5,308 | €9,950 | +€4,641 | +87.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,613 | -€44,952 | -€5,339 | -13.5% |
| Profit (loss) for the period | 9904 | -€39,613 | -€44,952 | -€5,339 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,613 | -€44,952 | -€5,339 | -13.5% |
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 24 October 2026 via checked.be.