NEW IMMOSAM: 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.
NEW IMMOSAM
Largest movements
- Receivables within one year +€41,698
up €41,698 (+10.5%), from €396,067 to €437,764
of which Other amounts receivable: +€40,000
- Tangible fixed assets -€14,700
down €14,700 (-1.7%), from €841,978 to €827,278
- Profit (loss) carried forward +€44,076
up €44,076 (+5.4%), from -€821,274 to -€777,198
- Revaluation surpluses -€14,700
down €14,700 (-1.9%), from €791,729 to €777,030
- Reserves +€14,700
up €14,700 (+6.8%), from €214,906 to €229,606
of which Distributable reserves: +€14,700
- Gross operating margin +€19,520
up €19,520 (+27.9%), from €69,856 to €89,376
- Other operating charges +€8,531
up €8,531 (+664%), from €1,286 to €9,816
- Financial income -€8,357
down €8,357 (-90.8%), from €9,207 to €850
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 | €1,303,345 | €1,328,508 | +€25,164 | +1.9% |
| Fixed assets | 21/28 | €841,978 | €827,278 | -€14,700 | -1.7% |
| Tangible fixed assets | 22/27 | €841,978 | €827,278 | -€14,700 | -1.7% |
| Land and buildings | 22 | €841,978 | €827,278 | -€14,700 | -1.7% |
| Current assets | 29/58 | €461,367 | €501,230 | +€39,864 | +8.6% |
| Amounts receivable within one year | 40/41 | €396,067 | €437,764 | +€41,698 | +10.5% |
| Trade receivables | 40 | €553 | €2,250 | +€1,698 | +307% |
| Other amounts receivable | 41 | €395,514 | €435,514 | +€40,000 | +10.1% |
| Cash at bank and in hand | 54/58 | €65,300 | €63,466 | -€1,834 | -2.8% |
| Total equity and liabilities | 10/49 | €1,303,345 | €1,328,508 | +€25,164 | +1.9% |
| Equity | 10/15 | €1,243,018 | €1,287,094 | +€44,076 | +3.5% |
| Contributions | 10/11 | €1,057,656 | €1,057,656 | = | 0.0% |
| Revaluation surpluses | 12 | €791,729 | €777,030 | -€14,700 | -1.9% |
| Reserves | 13 | €214,906 | €229,606 | +€14,700 | +6.8% |
| Tax-exempt reserves | 132 | €52,803 | €52,803 | = | 0.0% |
| Distributable reserves | 133 | €162,104 | €176,804 | +€14,700 | +9.1% |
| Profit (loss) carried forward | 14 | -€821,274 | -€777,198 | +€44,076 | +5.4% |
| Provisions and deferred taxes | 16 | €17,601 | €17,601 | = | 0.0% |
| Deferred taxes | 168 | €17,601 | €17,601 | = | 0.0% |
| Amounts payable | 17/49 | €42,726 | €23,813 | -€18,913 | -44.3% |
| Amounts payable within one year | 42/48 | €42,726 | €23,813 | -€18,913 | -44.3% |
| Trade debts | 44 | €8,614 | €1,735 | -€6,879 | -79.9% |
| Suppliers | 440/4 | €8,614 | €1,735 | -€6,879 | -79.9% |
| Taxes, remuneration and social security | 45 | €34,112 | €22,078 | -€12,034 | -35.3% |
| Taxes | 450/3 | €34,112 | €22,078 | -€12,034 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,700 | €14,700 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,286 | €9,816 | +€8,531 | +664% |
| Gross operating margin | 9900 | €69,856 | €89,376 | +€19,520 | +27.9% |
| Operating profit (loss) | 9901 | €53,870 | €64,860 | +€10,989 | +20.4% |
| Financial income | 75/76B | €9,207 | €850 | -€8,357 | -90.8% |
| Recurring financial income | 75 | €9,207 | €850 | -€8,357 | -90.8% |
| Financial charges | 65/66B | €336 | €237 | -€99 | -29.4% |
| Recurring financial charges | 65 | €336 | €237 | -€99 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €62,741 | €65,472 | +€2,731 | +4.4% |
| Income taxes | 67/77 | €21,103 | €21,396 | +€293 | +1.4% |
| Profit (loss) for the period | 9904 | €41,638 | €44,076 | +€2,438 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,638 | €44,076 | +€2,438 | +5.9% |
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 31 October 2026 via checked.be.