Immaver: 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.
Immaver
Largest movements
- Current investments +€26,000
new in 2025: €26,000
- Cash -€9,665
down €9,665 (-5.5%), from €174,206 to €164,541
mainly Current investments (-€26,000) and Investment in fixed assets (net) (-€638)
- Tangible fixed assets -€6,525
down €6,525 (-4.9%), from €132,906 to €126,382
of which Land and buildings: -€5,890
- Reserves +€9,005
up €9,005 (+4.1%), from €220,971 to €229,976
of which Distributable reserves: +€9,005
- Gross operating margin -€7,601
down €7,601 (-23.0%), from €33,008 to €25,407
- Taxes -€3,751
down €3,751 (-46.5%), from €8,064 to €4,313
- Financial income -€2,109
down €2,109 (-65.5%), from €3,222 to €1,113
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 | €318,620 | €328,938 | +€10,319 | +3.2% |
| Fixed assets | 21/28 | €132,906 | €126,382 | -€6,525 | -4.9% |
| Tangible fixed assets | 22/27 | €132,906 | €126,382 | -€6,525 | -4.9% |
| Land and buildings | 22 | €129,646 | €123,756 | -€5,890 | -4.5% |
| Plant, machinery and equipment | 23 | €3,260 | €2,626 | -€635 | -19.5% |
| Current assets | 29/58 | €185,713 | €202,557 | +€16,843 | +9.1% |
| Amounts receivable within one year | 40/41 | €11,508 | €12,016 | +€508 | +4.4% |
| Other amounts receivable | 41 | €11,508 | €12,016 | +€508 | +4.4% |
| Current investments | 50/53 | - | €26,000 | +€26,000 | |
| Cash at bank and in hand | 54/58 | €174,206 | €164,541 | -€9,665 | -5.5% |
| Total equity and liabilities | 10/49 | €318,620 | €328,938 | +€10,319 | +3.2% |
| Equity | 10/15 | €310,197 | €319,202 | +€9,005 | +2.9% |
| Contributions | 10/11 | €89,000 | €89,000 | = | 0.0% |
| Reserves | 13 | €220,971 | €229,976 | +€9,005 | +4.1% |
| Tax-exempt reserves | 132 | €171,466 | €171,466 | = | 0.0% |
| Distributable reserves | 133 | €49,505 | €58,510 | +€9,005 | +18.2% |
| Profit (loss) carried forward | 14 | €226 | €226 | = | 0.0% |
| Amounts payable | 17/49 | €8,422 | €9,736 | +€1,314 | +15.6% |
| Amounts payable within one year | 42/48 | €6,038 | €7,241 | +€1,203 | +19.9% |
| Trade debts | 44 | €4,538 | €4,840 | +€303 | +6.7% |
| Suppliers | 440/4 | €4,538 | €4,840 | +€303 | +6.7% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,401 | +€900 | +60.0% |
| Taxes | 450/3 | €1,500 | €2,401 | +€900 | +60.0% |
| Accrued charges and deferred income | 492/3 | €2,385 | €2,496 | +€111 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,313 | €7,163 | -€150 | -2.1% |
| Other operating charges | 640/8 | €5,807 | €5,983 | +€176 | +3.0% |
| Gross operating margin | 9900 | €33,008 | €25,407 | -€7,601 | -23.0% |
| Operating profit (loss) | 9901 | €19,888 | €12,261 | -€7,627 | -38.3% |
| Financial income | 75/76B | €3,222 | €1,113 | -€2,109 | -65.5% |
| Recurring financial income | 75 | €3,222 | €1,113 | -€2,109 | -65.5% |
| Financial charges | 65/66B | €45 | €56 | +€11 | +23.9% |
| Recurring financial charges | 65 | €45 | €56 | +€11 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €23,065 | €13,318 | -€9,747 | -42.3% |
| Income taxes | 67/77 | €8,064 | €4,313 | -€3,751 | -46.5% |
| Profit (loss) for the period | 9904 | €15,001 | €9,005 | -€5,996 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,001 | €9,005 | -€5,996 | -40.0% |
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 5 October 2026 via checked.be.