IMMADERE: 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.
IMMADERE
Largest movements
- Tangible fixed assets -€15,623
down €15,623 (-6.6%), from €236,761 to €221,138
- Cash +€7,793
up €7,793 (+60.4%), from €12,897 to €20,691
mainly Depreciation (+€15,623) and Net result for the year (+€2,102)
- Other debts -€9,090
down €9,090 (-28.9%), from €31,462 to €22,372
- Gross operating margin +€1,059
up €1,059 (+4.2%), from €25,499 to €26,559
- Financial charges -€698
down €698 (-32.2%), from €2,169 to €1,471
- Other operating charges +€586
up €586 (+10.1%), from €5,807 to €6,393
- Taxes +€364
up €364 (+60.3%), from €605 to €969
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 | €253,257 | €247,203 | -€6,054 | -2.4% |
| Fixed assets | 21/28 | €236,761 | €221,138 | -€15,623 | -6.6% |
| Tangible fixed assets | 22/27 | €236,761 | €221,138 | -€15,623 | -6.6% |
| Land and buildings | 22 | €236,761 | €221,138 | -€15,623 | -6.6% |
| Current assets | 29/58 | €16,496 | €26,065 | +€9,569 | +58.0% |
| Amounts receivable within one year | 40/41 | €2,395 | €4,427 | +€2,031 | +84.8% |
| Other amounts receivable | 41 | €2,395 | €4,427 | +€2,031 | +84.8% |
| Cash at bank and in hand | 54/58 | €12,897 | €20,691 | +€7,793 | +60.4% |
| Deferred charges and accrued income | 490/1 | €1,203 | €948 | -€255 | -21.2% |
| Total equity and liabilities | 10/49 | €253,257 | €247,203 | -€6,054 | -2.4% |
| Equity | 10/15 | €219,782 | €221,885 | +€2,102 | +1.0% |
| Contributions | 10/11 | €164,000 | €164,000 | = | 0.0% |
| Reserves | 13 | €49,878 | €51,980 | +€2,102 | +4.2% |
| Non-distributable reserves | 130/1 | €16,400 | €16,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,400 | €16,400 | = | 0.0% |
| Distributable reserves | 133 | €33,478 | €35,580 | +€2,102 | +6.3% |
| Profit (loss) carried forward | 14 | €5,905 | €5,905 | = | 0.0% |
| Amounts payable | 17/49 | €33,475 | €25,318 | -€8,156 | -24.4% |
| Amounts payable within one year | 42/48 | €32,211 | €23,017 | -€9,194 | -28.5% |
| Trade debts | 44 | €175 | €330 | +€155 | +88.6% |
| Suppliers | 440/4 | €175 | €330 | +€155 | +88.6% |
| Taxes, remuneration and social security | 45 | €575 | €315 | -€259 | -45.2% |
| Taxes | 450/3 | €575 | €315 | -€259 | -45.2% |
| Other amounts payable | 47/48 | €31,462 | €22,372 | -€9,090 | -28.9% |
| Accrued charges and deferred income | 492/3 | €1,263 | €2,301 | +€1,038 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,623 | €15,623 | = | 0.0% |
| Other operating charges | 640/8 | €5,807 | €6,393 | +€586 | +10.1% |
| Gross operating margin | 9900 | €25,499 | €26,559 | +€1,059 | +4.2% |
| Operating profit (loss) | 9901 | €4,069 | €4,542 | +€474 | +11.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,169 | €1,471 | -€698 | -32.2% |
| Recurring financial charges | 65 | €2,169 | €1,471 | -€698 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €1,900 | €3,071 | +€1,171 | +61.6% |
| Income taxes | 67/77 | €605 | €969 | +€364 | +60.3% |
| Profit (loss) for the period | 9904 | €1,295 | €2,102 | +€807 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,295 | €2,102 | +€807 | +62.3% |
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 8 October 2026 via checked.be.