IMMANENCE: 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.
IMMANENCE
Largest movements
- Receivables within one year -€12,358
down €12,358 (-22.1%), from €55,863 to €43,505
of which Trade receivables: -€14,217
- Cash +€11,566
up €11,566 (+98.5%), from €11,739 to €23,305
mainly Receivables within one year (+€12,358) and Depreciation (+€11,721)
- Tangible fixed assets -€4,525
down €4,525 (-15.2%), from €29,850 to €25,326
of which Leasing and similar rights: -€8,825
- Trade debts -€10,079
down €10,079 (-52.0%), from €19,388 to €9,309
- Reserves +€10,000
up €10,000 (+21.8%), from €45,875 to €55,875
of which Distributable reserves: +€10,000
- Debts after one year -€8,193
down €8,193 (-85.7%), from €9,558 to €1,365
- Tax, wage and social debts +€6,164
up €6,164 (+117.9%), from €5,231 to €11,395
- Other debts -€3,199
down €3,199 (-51.9%), from €6,165 to €2,966
- Gross operating margin +€12,946
up €12,946 (+86.0%), from €15,059 to €28,005
- Taxes +€3,599
up €3,599 (+242.4%), from €1,485 to €5,084
- Depreciation +€1,866
up €1,866 (+18.9%), from €9,855 to €11,721
- Write-downs -€1,368
no longer reported in 2025 (was €1,368)
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 | €101,131 | €95,951 | -€5,179 | -5.1% |
| Fixed assets | 21/28 | €32,175 | €27,651 | -€4,525 | -14.1% |
| Tangible fixed assets | 22/27 | €29,850 | €25,326 | -€4,525 | -15.2% |
| Furniture and vehicles | 24 | €692 | €3,808 | +€3,116 | +450.7% |
| Leasing and similar rights | 25 | €24,351 | €15,526 | -€8,825 | -36.2% |
| Other tangible fixed assets | 26 | €4,808 | €5,991 | +€1,184 | +24.6% |
| Financial fixed assets | 28 | €2,325 | €2,325 | = | 0.0% |
| Current assets | 29/58 | €68,955 | €68,301 | -€654 | -0.9% |
| Amounts receivable within one year | 40/41 | €55,863 | €43,505 | -€12,358 | -22.1% |
| Trade receivables | 40 | €55,863 | €41,646 | -€14,217 | -25.5% |
| Other amounts receivable | 41 | - | €1,860 | +€1,860 | |
| Cash at bank and in hand | 54/58 | €11,739 | €23,305 | +€11,566 | +98.5% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,491 | +€137 | +10.1% |
| Total equity and liabilities | 10/49 | €101,131 | €95,951 | -€5,179 | -5.1% |
| Equity | 10/15 | €52,581 | €62,723 | +€10,142 | +19.3% |
| Contributions | 10/11 | €6,275 | €6,275 | = | 0.0% |
| Reserves | 13 | €45,875 | €55,875 | +€10,000 | +21.8% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | €54,000 | +€10,000 | +22.7% |
| Profit (loss) carried forward | 14 | €431 | €573 | +€142 | +32.9% |
| Amounts payable | 17/49 | €48,549 | €33,228 | -€15,321 | -31.6% |
| Amounts payable after more than one year | 17 | €9,558 | €1,365 | -€8,193 | -85.7% |
| Financial debts | 170/4 | €9,558 | €1,365 | -€8,193 | -85.7% |
| Amounts payable within one year | 42/48 | €38,976 | €31,863 | -€7,113 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €8,193 | €8,193 | = | 0.0% |
| Trade debts | 44 | €19,388 | €9,309 | -€10,079 | -52.0% |
| Suppliers | 440/4 | €19,388 | €9,309 | -€10,079 | -52.0% |
| Taxes, remuneration and social security | 45 | €5,231 | €11,395 | +€6,164 | +117.9% |
| Taxes | 450/3 | €5,231 | €11,395 | +€6,164 | +117.9% |
| Other amounts payable | 47/48 | €6,165 | €2,966 | -€3,199 | -51.9% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,855 | €11,721 | +€1,866 | +18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,368 | - | -€1,368 | |
| Other operating charges | 640/8 | €802 | €816 | +€14 | +1.7% |
| Gross operating margin | 9900 | €15,059 | €28,005 | +€12,946 | +86.0% |
| Operating profit (loss) | 9901 | €3,034 | €15,468 | +€12,434 | +409.9% |
| Financial income | 75/76B | €60 | €123 | +€63 | +105.1% |
| Recurring financial income | 75 | €60 | €123 | +€63 | +105.1% |
| Financial charges | 65/66B | €445 | €365 | -€79 | -17.9% |
| Recurring financial charges | 65 | €445 | €365 | -€79 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €2,649 | €15,225 | +€12,577 | +474.8% |
| Income taxes | 67/77 | €1,485 | €5,084 | +€3,599 | +242.4% |
| Profit (loss) for the period | 9904 | €1,164 | €10,142 | +€8,977 | +771.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,164 | €10,142 | +€8,977 | +771.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.