FINSERVE IMMORENT: 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.
FINSERVE IMMORENT
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Cash -€53,785
down €53,785 (-72.3%), from €74,351 to €20,565
mainly Contributions, distributions and other (-€155,575) and Receivables within one year (-€32,822)
- Receivables within one year +€32,822
up €32,822 (+65.2%), from €50,365 to €83,187
of which Other amounts receivable: +€16,835
- Tangible fixed assets -€13,254
down €13,254 (-9.8%), from €135,057 to €121,803
of which Land and buildings: -€11,871
- Reserves -€106,919
down €106,919 (-53.3%), from €200,605 to €93,687
- Tax, wage and social debts -€7,542
down €7,542 (-64.5%), from €11,688 to €4,145
- Trade debts +€5,244
up €5,244 (+156%), from €3,353 to €8,598
- Gross operating margin -€42,252
down €42,252 (-31.5%), from €133,940 to €91,688
- Taxes +€16,348
up €16,348 (+203%), from €8,059 to €24,407
- Depreciation -€2,949
down €2,949 (-18.2%), from €16,203 to €13,254
- Staff costs -€2,784
no longer reported in 2025 (was €2,784)
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 | €335,355 | €226,138 | -€109,217 | -32.6% |
| Fixed assets | 21/28 | €135,640 | €122,386 | -€13,254 | -9.8% |
| Tangible fixed assets | 22/27 | €135,057 | €121,803 | -€13,254 | -9.8% |
| Land and buildings | 22 | €130,095 | €118,224 | -€11,871 | -9.1% |
| Plant, machinery and equipment | 23 | €3,487 | €2,104 | -€1,383 | -39.6% |
| Furniture and vehicles | 24 | €1,475 | €1,475 | = | 0.0% |
| Financial fixed assets | 28 | €583 | €583 | = | 0.0% |
| Current assets | 29/58 | €199,715 | €103,752 | -€95,963 | -48.0% |
| Amounts receivable within one year | 40/41 | €50,365 | €83,187 | +€32,822 | +65.2% |
| Trade receivables | 40 | €50,365 | €66,352 | +€15,988 | +31.7% |
| Other amounts receivable | 41 | - | €16,835 | +€16,835 | |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €74,351 | €20,565 | -€53,785 | -72.3% |
| Total equity and liabilities | 10/49 | €335,355 | €226,138 | -€109,217 | -32.6% |
| Equity | 10/15 | €318,355 | €211,436 | -€106,919 | -33.6% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €200,605 | €93,687 | -€106,919 | -53.3% |
| Distributable reserves | 133 | €200,605 | €93,687 | -€106,919 | -53.3% |
| Amounts payable | 17/49 | €17,001 | €14,702 | -€2,298 | -13.5% |
| Amounts payable within one year | 42/48 | €17,001 | €14,702 | -€2,298 | -13.5% |
| Trade debts | 44 | €3,353 | €8,598 | +€5,244 | +156% |
| Suppliers | 440/4 | €3,353 | €8,598 | +€5,244 | +156% |
| Taxes, remuneration and social security | 45 | €11,688 | €4,145 | -€7,542 | -64.5% |
| Taxes | 450/3 | €11,688 | €4,145 | -€7,542 | -64.5% |
| Other amounts payable | 47/48 | €1,960 | €1,960 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,784 | - | -€2,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,203 | €13,254 | -€2,949 | -18.2% |
| Other operating charges | 640/8 | €6,469 | €6,060 | -€408 | -6.3% |
| Gross operating margin | 9900 | €133,940 | €91,688 | -€42,252 | -31.5% |
| Operating profit (loss) | 9901 | €108,485 | €72,374 | -€36,111 | -33.3% |
| Financial income | 75/76B | €723 | €1,074 | +€350 | +48.4% |
| Recurring financial income | 75 | €723 | €1,074 | +€350 | +48.4% |
| Financial charges | 65/66B | €359 | €384 | +€25 | +7.1% |
| Recurring financial charges | 65 | €359 | €384 | +€25 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €108,849 | €73,063 | -€35,786 | -32.9% |
| Income taxes | 67/77 | €8,059 | €24,407 | +€16,348 | +203% |
| Profit (loss) for the period | 9904 | €100,790 | €48,656 | -€52,134 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,790 | €48,656 | -€52,134 | -51.7% |
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 28 October 2026 via checked.be.