IMMAWELLCON: what changed
Two financial 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.
IMMAWELLCON
Largest movements
- Tangible fixed assets -€34,396
down €34,396 (-14.8%), from €232,554 to €198,158
of which Land and buildings: -€23,830
- Cash +€11,147
up €11,147 (+38.7%), from €28,803 to €39,951
mainly Depreciation (+€36,462) and Net result for the year (+€9,196)
- Short-term financial debts -€26,667
down €26,667 (-66.7%), from €40,000 to €13,333
- Profit (loss) carried forward +€9,196
up €9,196 (+8.6%), from -€106,750 to -€97,554
- Debts after one year -€6,000
down €6,000 (-11.0%), from €54,500 to €48,500
- Other debts +€3,784
up €3,784 (+3.3%), from €113,424 to €117,208
- Tax, wage and social debts -€3,756
down €3,756 (-88.7%), from €4,235 to €479
- Gross operating margin -€3,251
down €3,251 (-6.0%), from €53,748 to €50,497
- Financial charges -€1,771
down €1,771 (-51.1%), from €3,468 to €1,697
- Depreciation +€1,217
up €1,217 (+3.5%), from €35,245 to €36,462
- Other operating charges -€1,159
down €1,159 (-25.9%), from €4,473 to €3,313
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.
Derived cash bridge
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 | €280,214 | €256,666 | -€23,548 | -8.4% |
| Fixed assets | 21/28 | €235,554 | €201,158 | -€34,396 | -14.6% |
| Tangible fixed assets | 22/27 | €232,554 | €198,158 | -€34,396 | -14.8% |
| Land and buildings | 22 | €156,026 | €132,196 | -€23,830 | -15.3% |
| Plant, machinery and equipment | 23 | €16,028 | €11,462 | -€4,566 | -28.5% |
| Leasing and similar rights | 25 | €60,500 | €54,500 | -€6,000 | -9.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €44,660 | €55,508 | +€10,847 | +24.3% |
| Stocks and contracts in progress | 3 | €830 | €550 | -€280 | -33.7% |
| Stocks | 30/36 | €830 | €550 | -€280 | -33.7% |
| Amounts receivable within one year | 40/41 | €14,868 | €15,007 | +€139 | +0.9% |
| Trade receivables | 40 | €14,858 | €14,927 | +€70 | +0.5% |
| Other amounts receivable | 41 | €11 | €80 | +€69 | +634% |
| Cash at bank and in hand | 54/58 | €28,803 | €39,951 | +€11,147 | +38.7% |
| Deferred charges and accrued income | 490/1 | €159 | - | -€159 | |
| Total equity and liabilities | 10/49 | €280,214 | €256,666 | -€23,548 | -8.4% |
| Equity | 10/15 | €61,950 | €71,146 | +€9,196 | +14.8% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,750 | -€97,554 | +€9,196 | +8.6% |
| Amounts payable | 17/49 | €218,264 | €185,520 | -€32,745 | -15.0% |
| Amounts payable after more than one year | 17 | €54,500 | €48,500 | -€6,000 | -11.0% |
| Financial debts | 170/4 | €54,500 | €48,500 | -€6,000 | -11.0% |
| Amounts payable within one year | 42/48 | €163,764 | €137,020 | -€26,745 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 43 | €40,000 | €13,333 | -€26,667 | -66.7% |
| Credit institutions | 430/8 | €40,000 | €13,333 | -€26,667 | -66.7% |
| Trade debts | 44 | €106 | €0 | -€106 | -99.9% |
| Suppliers | 440/4 | €106 | €0 | -€106 | -99.9% |
| Taxes, remuneration and social security | 45 | €4,235 | €479 | -€3,756 | -88.7% |
| Taxes | 450/3 | €4,235 | €479 | -€3,756 | -88.7% |
| Other amounts payable | 47/48 | €113,424 | €117,208 | +€3,784 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,245 | €36,462 | +€1,217 | +3.5% |
| Other operating charges | 640/8 | €4,473 | €3,313 | -€1,159 | -25.9% |
| Gross operating margin | 9900 | €53,748 | €50,497 | -€3,251 | -6.0% |
| Operating profit (loss) | 9901 | €14,031 | €10,722 | -€3,309 | -23.6% |
| Financial income | 75/76B | €37 | €171 | +€135 | +368% |
| Recurring financial income | 75 | €37 | €171 | +€135 | +368% |
| Financial charges | 65/66B | €3,468 | €1,697 | -€1,771 | -51.1% |
| Recurring financial charges | 65 | €3,468 | €1,697 | -€1,771 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €10,599 | €9,196 | -€1,403 | -13.2% |
| Profit (loss) for the period | 9904 | €10,599 | €9,196 | -€1,403 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,599 | €9,196 | -€1,403 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.