IMMACRON: what changed
Two fiscal 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.
IMMACRON
Largest movements
- Tangible fixed assets -€27,778
down €27,778 (-5.5%), from €502,519 to €474,741
of which Land and buildings: -€26,314
- Reserves -€14,238
down €14,238 (-8.4%), from €169,475 to €155,237
of which Tax-exempt reserves: -€14,238
- Provisions -€7,331
down €7,331 (-8.6%), from €85,336 to €78,004
- Gross operating margin -€6,396
down €6,396 (-28.0%), from €22,824 to €16,428
- Depreciation +€621
up €621 (+2.3%), from €27,157 to €27,778
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 | €535,697 | €516,077 | -€19,620 | -3.7% |
| Fixed assets | 21/28 | €503,469 | €475,691 | -€27,778 | -5.5% |
| Tangible fixed assets | 22/27 | €502,519 | €474,741 | -€27,778 | -5.5% |
| Land and buildings | 22 | €491,356 | €465,042 | -€26,314 | -5.4% |
| Plant, machinery and equipment | 23 | €10,650 | €9,434 | -€1,217 | -11.4% |
| Furniture and vehicles | 24 | €512 | €265 | -€247 | -48.3% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €32,228 | €40,386 | +€8,158 | +25.3% |
| Cash at bank and in hand | 54/58 | €31,279 | €36,627 | +€5,348 | +17.1% |
| Deferred charges and accrued income | 490/1 | €950 | €3,759 | +€2,809 | +295.8% |
| Total equity and liabilities | 10/49 | €535,697 | €516,077 | -€19,620 | -3.7% |
| Equity | 10/15 | €222,819 | €208,978 | -€13,841 | -6.2% |
| Contributions | 10/11 | €209,010 | €209,010 | = | 0.0% |
| Reserves | 13 | €169,475 | €155,237 | -€14,238 | -8.4% |
| Tax-exempt reserves | 132 | €165,723 | €151,485 | -€14,238 | -8.6% |
| Distributable reserves | 133 | €3,752 | €3,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,666 | -€155,269 | +€397 | +0.3% |
| Provisions and deferred taxes | 16 | €85,336 | €78,004 | -€7,331 | -8.6% |
| Deferred taxes | 168 | €85,336 | €78,004 | -€7,331 | -8.6% |
| Amounts payable | 17/49 | €227,542 | €229,095 | +€1,552 | +0.7% |
| Amounts payable within one year | 42/48 | €227,542 | €229,095 | +€1,552 | +0.7% |
| Trade debts | 44 | €3,210 | €1,683 | -€1,527 | -47.6% |
| Suppliers | 440/4 | €3,210 | €1,683 | -€1,527 | -47.6% |
| Taxes, remuneration and social security | 45 | €1,179 | €1,211 | +€32 | +2.7% |
| Taxes | 450/3 | €1,179 | €1,211 | +€32 | +2.7% |
| Other amounts payable | 47/48 | €223,153 | €226,201 | +€3,047 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,157 | €27,778 | +€621 | +2.3% |
| Other operating charges | 640/8 | €5,542 | €5,715 | +€173 | +3.1% |
| Gross operating margin | 9900 | €22,824 | €16,428 | -€6,396 | -28.0% |
| Operating profit (loss) | 9901 | -€9,874 | -€17,065 | -€7,190 | -72.8% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €4,014 | €4,108 | +€93 | +2.3% |
| Recurring financial charges | 65 | €4,014 | €4,108 | +€93 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,888 | -€21,173 | -€7,284 | -52.4% |
| Transfer from deferred taxes | 780 | €7,331 | €7,331 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,557 | -€13,841 | -€7,284 | -111.1% |
| Transfer from tax-exempt reserves | 789 | €14,238 | €14,238 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,681 | €397 | -€7,284 | -94.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.