Immabel Beheer: 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.
Immabel Beheer
Largest movements
- Tangible fixed assets +€4.6m
up €4.6m (+210%), from €2.2m to €6.8m
of which Assets under construction and advance payments: +€4.6m
- Receivables within one year -€413,531
down €413,531 (-90.8%), from €455,552 to €42,021
of which Other amounts receivable: -€421,880
- Cash +€302,824
up €302,824 (+270%), from €112,116 to €414,940
mainly Debts after one year (+€4.0m) and Receivables within one year (+€413,531)
- Debts after one year +€4.0m
up €4.0m (+62.5%), from €6.4m to €10.5m
- Trade debts +€381,020
new in 2026: €381,020
- Turnover +€642,401
new in 2026: €642,401
- Purchases and services +€535,924
new in 2026: €535,924
- Gross operating margin -€29,114
down €29,114 (-21.2%), from €137,575 to €108,461
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,544,205 | €11,050,104 | +€4.5m | +68.9% |
| Fixed assets | 21/28 | €5,976,538 | €10,593,143 | +€4.6m | +77.2% |
| Tangible fixed assets | 22/27 | €2,202,337 | €6,818,942 | +€4.6m | +210% |
| Furniture and vehicles | 24 | €20,999 | €8,313 | -€12,686 | -60.4% |
| Assets under construction and advance payments | 27 | €2,181,339 | €6,810,629 | +€4.6m | +212% |
| Financial fixed assets | 28 | €3,774,201 | €3,774,201 | +€0 | 0.0% |
| Current assets | 29/58 | €567,667 | €456,961 | -€110,706 | -19.5% |
| Amounts receivable within one year | 40/41 | €455,552 | €42,021 | -€413,531 | -90.8% |
| Trade receivables | 40 | €4,598 | €12,947 | +€8,349 | +182% |
| Other amounts receivable | 41 | €450,954 | €29,074 | -€421,880 | -93.6% |
| Cash at bank and in hand | 54/58 | €112,116 | €414,940 | +€302,824 | +270% |
| Total equity and liabilities | 10/49 | €6,544,205 | €11,050,104 | +€4.5m | +68.9% |
| Equity | 10/15 | €89,637 | €97,293 | +€7,656 | +8.5% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €71,637 | €79,293 | +€7,656 | +10.7% |
| Distributable reserves | 133 | €71,637 | €79,293 | +€7,656 | +10.7% |
| Amounts payable | 17/49 | €6,454,568 | €10,952,811 | +€4.5m | +69.7% |
| Amounts payable after more than one year | 17 | €6,441,000 | €10,468,000 | +€4.0m | +62.5% |
| Other amounts payable | 178/9 | €6,441,000 | €10,468,000 | +€4.0m | +62.5% |
| Amounts payable within one year | 42/48 | €13,568 | €484,811 | +€471,243 | +3,473% |
| Trade debts | 44 | - | €381,020 | +€381,020 | |
| Suppliers | 440/4 | - | €381,020 | +€381,020 | |
| Taxes, remuneration and social security | 45 | €13,568 | €16,737 | +€3,169 | +23.4% |
| Taxes | 450/3 | €5,320 | €7,464 | +€2,144 | +40.3% |
| Remuneration and social security | 454/9 | €8,249 | €9,273 | +€1,024 | +12.4% |
| Other amounts payable | 47/48 | - | €87,054 | +€87,054 | |
| Turnover | 70 | - | €642,401 | +€642,401 | |
| Non-recurring operating income | 76A | €9,894 | - | -€9,894 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €535,924 | +€535,924 | |
| Remuneration, social security and pensions | 62 | €82,330 | €77,233 | -€5,097 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,685 | €12,685 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,054 | €1,079 | +€25 | +2.4% |
| Gross operating margin | 9900 | €137,575 | €108,461 | -€29,114 | -21.2% |
| Operating profit (loss) | 9901 | €41,506 | €17,464 | -€24,042 | -57.9% |
| Financial income | 75/76B | €30 | €7 | -€23 | -76.7% |
| Recurring financial income | 75 | €30 | €7 | -€23 | -76.7% |
| Non-recurring financial income | 76B | €30 | - | -€30 | |
| Financial charges | 65/66B | €646 | €505 | -€141 | -21.8% |
| Recurring financial charges | 65 | €646 | €505 | -€141 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €40,890 | €16,966 | -€23,924 | -58.5% |
| Income taxes | 67/77 | €12,995 | €9,310 | -€3,685 | -28.4% |
| Profit (loss) for the period | 9904 | €27,896 | €7,656 | -€20,240 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,896 | €7,656 | -€20,240 | -72.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.