IMOPLAN: 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.
What changed
IMOPLAN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.5m
2024 · €346,924-€3.8m
Equity
€2.3m
2024 · €5.7m-€3.5m
Cash
€7,443
2024 · €25,264-€17,821
Balance sheet total
€5.7m
2024 · €9.7m-€3.9m
Largest movements
Assets
- Financial fixed assets -€2.4m
no longer reported in 2025 (was €2.4m)
- Receivables within one year -€887,341
down €887,341 (-93.6%), from €947,697 to €60,356
- Receivables after one year -€604,197
down €604,197 (-11.7%), from €5.2m to €4.6m
Equity and liabilities
- Profit (loss) carried forward -€3.5m
down €3.5m, from €162,135 to -€3.3m
- Debts after one year -€327,552
down €327,552 (-10.9%), from €3.0m to €2.7m
- Provisions -€129,729
no longer reported in 2025 (was €129,729)
Income statement
- Financial charges +€3.9m
up €3.9m (+6,750%), from €57,485 to €3.9m
of which Non-recurring financial charges: +€3.8m
- Turnover +€492,103
new in 2025: €492,103
- Provisions -€129,729
new in 2025: -€129,729
- Financial income -€90,786
down €90,786 (-91.8%), from €98,856 to €8,070
of which Financial income: -€92,647
- Taxes -€40,435
down €40,435 (-36.4%), from €111,114 to €70,679
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.
Result 2024
€346,924
Gross operating margin
-€16,952
Depreciation
+€1,214
Provisions
+€129,729
Other operating charges
-€2,110
Financial income
-€90,786
Financial charges
-€3.9m
Taxes
+€40,435
Result 2025
-€3.5m
raises the resultlowers the result
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.
From operations
-€2.1m
Investment
+€2.4m
Financing
-€324,752
Cash 2024
€25,264
From operations (derived)
-€2.1m
Net result for the year
-€3.5m
Depreciation
+€650
Receivables after one year
+€604,197
Receivables within one year
+€887,341
Provisions
-€129,729
Trade debts
-€17,608
Tax, wage and social debts
+€64,807
Other debts
-€57,500
Investment (derived)
+€2.4m
Investment in fixed assets (net)
+€2.4m
Financing
-€324,752
Debts after one year
-€327,552
Current portion of long-term debt
+€2,800
Contributions, distributions and other
+€0
Cash 2025
€7,443
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,682,710 | €5,746,387 | -€3.9m | -40.7% |
| Fixed assets | 21/28 | €3,541,881 | €1,114,918 | -€2.4m | -68.5% |
| Tangible fixed assets | 22/27 | €1,115,568 | €1,114,918 | -€650 | -0.1% |
| Land and buildings | 22 | €1,115,568 | €1,114,918 | -€650 | -0.1% |
| Financial fixed assets | 28 | €2,426,313 | - | -€2.4m | |
| Current assets | 29/58 | €6,140,828 | €4,631,469 | -€1.5m | -24.6% |
| Amounts receivable after more than one year | 29 | €5,167,867 | €4,563,670 | -€604,197 | -11.7% |
| Trade receivables | 290 | €5,167,867 | €4,563,670 | -€604,197 | -11.7% |
| Amounts receivable within one year | 40/41 | €947,697 | €60,356 | -€887,341 | -93.6% |
| Trade receivables | 40 | €947,697 | €60,356 | -€887,341 | -93.6% |
| Cash at bank and in hand | 54/58 | €25,264 | €7,443 | -€17,821 | -70.5% |
| Total equity and liabilities | 10/49 | €9,682,710 | €5,746,387 | -€3.9m | -40.7% |
| Equity | 10/15 | €5,744,635 | €2,273,094 | -€3.5m | -60.4% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Share premium | 1100/10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,582,500 | €1,582,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €170,000 | €170,000 | = | 0.0% |
| Legal reserve | 130 | €170,000 | €170,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €841,500 | €631,000 | -€210,500 | -25.0% |
| Distributable reserves | 133 | €571,000 | €781,500 | +€210,500 | +36.9% |
| Profit (loss) carried forward | 14 | €162,135 | -€3,309,406 | -€3.5m | |
| Provisions and deferred taxes | 16 | €129,729 | - | -€129,729 | |
| Provisions for liabilities and charges | 160/5 | €129,729 | - | -€129,729 | |
| Major repairs and maintenance | 162 | €129,729 | - | -€129,729 | |
| Amounts payable | 17/49 | €3,808,346 | €3,473,293 | -€335,053 | -8.8% |
| Amounts payable after more than one year | 17 | €3,000,664 | €2,673,112 | -€327,552 | -10.9% |
| Financial debts | 170/4 | €3,000,664 | €2,673,112 | -€327,552 | -10.9% |
| Amounts payable within one year | 42/48 | €807,682 | €800,181 | -€7,501 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €364,711 | €367,511 | +€2,800 | +0.8% |
| Trade debts | 44 | €131,535 | €113,927 | -€17,608 | -13.4% |
| Suppliers | 440/4 | €131,535 | €113,927 | -€17,608 | -13.4% |
| Taxes, remuneration and social security | 45 | €136,436 | €201,243 | +€64,807 | +47.5% |
| Taxes | 450/3 | €136,436 | €201,243 | +€64,807 | +47.5% |
| Other amounts payable | 47/48 | €175,000 | €117,500 | -€57,500 | -32.9% |
| Turnover | 70 | - | €492,103 | +€492,103 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €30,880 | +€30,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,864 | €650 | -€1,214 | -65.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€129,729 | -€129,729 | |
| Other operating charges | 640/8 | €69,018 | €71,128 | +€2,110 | +3.1% |
| Gross operating margin | 9900 | €487,550 | €470,598 | -€16,952 | -3.5% |
| Operating profit (loss) | 9901 | €416,667 | €528,549 | +€111,882 | +26.9% |
| Financial income | 75/76B | €98,856 | €8,070 | -€90,786 | -91.8% |
| Recurring financial income | 75 | €98,856 | €6,209 | -€92,647 | -93.7% |
| Non-recurring financial income | 76B | - | €1,861 | +€1,861 | |
| Financial charges | 65/66B | €57,485 | €3,937,481 | +€3.9m | +6,750% |
| Recurring financial charges | 65 | €57,485 | €91,861 | +€34,376 | +59.8% |
| Non-recurring financial charges | 66B | - | €3,845,620 | +€3.8m | |
| Profit (loss) for the period before taxes | 9903 | €458,038 | -€3,400,862 | -€3.9m | |
| Income taxes | 67/77 | €111,114 | €70,679 | -€40,435 | -36.4% |
| Profit (loss) for the period | 9904 | €346,924 | -€3,471,541 | -€3.8m | |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Transfer to tax-exempt reserves | 689 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,424 | -€3,261,041 | -€3.4m |
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 13 October 2026 via checked.be.