IMMABE: 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.
IMMABE
Largest movements
- Current investments +€295,559
up €295,559 (+308.4%), from €95,845 to €391,404
- Cash -€288,252
down €288,252 (-37.5%), from €768,611 to €480,359
mainly Current investments (-€295,559) and Receivables within one year (-€12,192)
- Tangible fixed assets -€14,140
down €14,140 (-6.7%), from €211,862 to €197,722
- Receivables within one year +€12,192
up €12,192 (+65.2%), from €18,686 to €30,878
of which Other amounts receivable: +€13,325
- Reserves +€14,507
up €14,507 (+2.1%), from €700,485 to €714,992
- Gross operating margin -€455,485
down €455,485 (-95.8%), from €475,399 to €19,914
- Taxes -€146,497
down €146,497 (-98.7%), from €148,481 to €1,984
- Financial income +€19,109
up €19,109 (+370.7%), from €5,155 to €24,263
- Other operating charges -€5,950
down €5,950 (-65.6%), from €9,069 to €3,119
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 | €1,096,479 | €1,101,385 | +€4,905 | +0.4% |
| Fixed assets | 21/28 | €211,862 | €197,722 | -€14,140 | -6.7% |
| Tangible fixed assets | 22/27 | €211,862 | €197,722 | -€14,140 | -6.7% |
| Land and buildings | 22 | €211,862 | €197,722 | -€14,140 | -6.7% |
| Current assets | 29/58 | €884,618 | €903,663 | +€19,045 | +2.2% |
| Amounts receivable within one year | 40/41 | €18,686 | €30,878 | +€12,192 | +65.2% |
| Trade receivables | 40 | €1,132 | €0 | -€1,132 | -100.0% |
| Other amounts receivable | 41 | €17,554 | €30,878 | +€13,325 | +75.9% |
| Current investments | 50/53 | €95,845 | €391,404 | +€295,559 | +308.4% |
| Cash at bank and in hand | 54/58 | €768,611 | €480,359 | -€288,252 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,476 | €1,022 | -€454 | -30.8% |
| Total equity and liabilities | 10/49 | €1,096,479 | €1,101,385 | +€4,905 | +0.4% |
| Equity | 10/15 | €719,085 | €733,592 | +€14,507 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €700,485 | €714,992 | +€14,507 | +2.1% |
| Distributable reserves | 133 | €700,485 | €714,992 | +€14,507 | +2.1% |
| Amounts payable | 17/49 | €377,394 | €367,792 | -€9,601 | -2.5% |
| Amounts payable after more than one year | 17 | €207,393 | €200,523 | -€6,870 | -3.3% |
| Financial debts | 170/4 | €207,393 | €200,523 | -€6,870 | -3.3% |
| Amounts payable within one year | 42/48 | €170,001 | €167,270 | -€2,731 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €6,734 | €6,870 | +€136 | +2.0% |
| Financial debts | 43 | €6,453 | €6,371 | -€83 | -1.3% |
| Credit institutions | 430/8 | €6,453 | €6,371 | -€83 | -1.3% |
| Trade debts | 44 | €4,099 | €884 | -€3,216 | -78.4% |
| Suppliers | 440/4 | €4,099 | €884 | -€3,216 | -78.4% |
| Taxes, remuneration and social security | 45 | €125,704 | €125,069 | -€635 | -0.5% |
| Taxes | 450/3 | €125,704 | €125,069 | -€635 | -0.5% |
| Other amounts payable | 47/48 | €27,010 | €28,076 | +€1,066 | +3.9% |
| Non-recurring operating income | 76A | €416,880 | €0 | -€416,880 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,140 | €14,140 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,069 | €3,119 | -€5,950 | -65.6% |
| Gross operating margin | 9900 | €475,399 | €19,914 | -€455,485 | -95.8% |
| Operating profit (loss) | 9901 | €452,191 | €2,655 | -€449,535 | -99.4% |
| Financial income | 75/76B | €5,155 | €24,263 | +€19,109 | +370.7% |
| Recurring financial income | 75 | €5,155 | €24,263 | +€19,109 | +370.7% |
| Financial charges | 65/66B | €10,452 | €10,428 | -€23 | -0.2% |
| Recurring financial charges | 65 | €10,452 | €10,428 | -€23 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €446,894 | €16,491 | -€430,403 | -96.3% |
| Income taxes | 67/77 | €148,481 | €1,984 | -€146,497 | -98.7% |
| Profit (loss) for the period | 9904 | €298,413 | €14,507 | -€283,906 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €298,413 | €14,507 | -€283,906 | -95.1% |
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 12 October 2026 via checked.be.