Immasy: 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.
Immasy
Largest movements
- Financial fixed assets +€700,057
new in 2025: €700,057
- Receivables within one year +€70,776
up €70,776 (+197.5%), from €35,838 to €106,613
of which Trade receivables: +€70,776
- Tangible fixed assets +€19,834
up €19,834 (+6.8%), from €292,749 to €312,583
of which Land and buildings: +€69,456
- Debts after one year +€595,866
up €595,866 (+386.5%), from €154,157 to €750,023
of which Financial debts: +€595,116
- Current portion of long-term debt +€90,952
up €90,952 (+1408.1%), from €6,459 to €97,412
- Reserves +€50,000
up €50,000 (+83.3%), from €60,000 to €110,000
- Trade debts +€26,123
up €26,123 (+766.8%), from €3,407 to €29,530
- Other debts +€25,545
up €25,545 (+34.8%), from €73,309 to €98,853
- Gross operating margin +€10,715
up €10,715 (+14.5%), from €73,983 to €84,699
- Taxes +€2,596
up €2,596 (+25.2%), from €10,302 to €12,898
- Financial charges +€2,306
up €2,306 (+32.2%), from €7,168 to €9,475
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 | €331,024 | €1,126,938 | +€795,915 | +240.4% |
| Fixed assets | 21/28 | €292,749 | €1,012,640 | +€719,892 | +245.9% |
| Tangible fixed assets | 22/27 | €292,749 | €312,583 | +€19,834 | +6.8% |
| Land and buildings | 22 | €237,432 | €306,888 | +€69,456 | +29.3% |
| Assets under construction and advance payments | 27 | €55,316 | €5,695 | -€49,621 | -89.7% |
| Financial fixed assets | 28 | - | €700,057 | +€700,057 | |
| Current assets | 29/58 | €38,275 | €114,298 | +€76,023 | +198.6% |
| Amounts receivable within one year | 40/41 | €35,838 | €106,613 | +€70,776 | +197.5% |
| Trade receivables | 40 | €35,838 | €106,613 | +€70,776 | +197.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,000 | €7,218 | +€5,218 | +260.9% |
| Deferred charges and accrued income | 490/1 | €438 | €467 | +€30 | +6.7% |
| Total equity and liabilities | 10/49 | €331,024 | €1,126,938 | +€795,915 | +240.4% |
| Equity | 10/15 | €66,825 | €117,343 | +€50,519 | +75.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €110,000 | +€50,000 | +83.3% |
| Distributable reserves | 133 | €60,000 | €110,000 | +€50,000 | +83.3% |
| Profit (loss) carried forward | 14 | €1,825 | €2,343 | +€519 | +28.4% |
| Amounts payable | 17/49 | €264,199 | €1,009,595 | +€745,396 | +282.1% |
| Amounts payable after more than one year | 17 | €154,157 | €750,023 | +€595,866 | +386.5% |
| Financial debts | 170/4 | €154,157 | €749,273 | +€595,116 | +386.0% |
| Other amounts payable | 178/9 | - | €750 | +€750 | |
| Amounts payable within one year | 42/48 | €108,849 | €257,839 | +€148,990 | +136.9% |
| Current portion of amounts payable after more than one year | 42 | €6,459 | €97,412 | +€90,952 | +1408.1% |
| Trade debts | 44 | €3,407 | €29,530 | +€26,123 | +766.8% |
| Suppliers | 440/4 | €3,407 | €29,530 | +€26,123 | +766.8% |
| Taxes, remuneration and social security | 45 | €25,674 | €32,044 | +€6,370 | +24.8% |
| Taxes | 450/3 | €25,674 | €32,044 | +€6,370 | +24.8% |
| Other amounts payable | 47/48 | €73,309 | €98,853 | +€25,545 | +34.8% |
| Accrued charges and deferred income | 492/3 | €1,193 | €1,733 | +€540 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,813 | €10,228 | -€585 | -5.4% |
| Other operating charges | 640/8 | €2,115 | €1,579 | -€536 | -25.3% |
| Gross operating margin | 9900 | €73,983 | €84,699 | +€10,715 | +14.5% |
| Operating profit (loss) | 9901 | €61,055 | €72,891 | +€11,837 | +19.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,168 | €9,475 | +€2,306 | +32.2% |
| Recurring financial charges | 65 | €7,168 | €9,475 | +€2,306 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €53,886 | €63,417 | +€9,531 | +17.7% |
| Income taxes | 67/77 | €10,302 | €12,898 | +€2,596 | +25.2% |
| Profit (loss) for the period | 9904 | €43,584 | €50,519 | +€6,934 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,584 | €50,519 | +€6,934 | +15.9% |
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 30 September 2026 via checked.be.