ImmCol: 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.
ImmCol
Largest movements
- Cash -€71,554
down €71,554 (-70.0%), from €102,233 to €30,679
mainly Investment in fixed assets (net) (-€45,562) and Debts after one year (-€29,873)
- Debts after one year -€29,873
down €29,873 (-8.0%), from €373,644 to €343,772
- Reserves -€27,074
down €27,074 (-5.7%), from €477,809 to €450,736
of which Distributable reserves: -€17,910
- Gross operating margin +€37,778
up €37,778, from -€8,419 to €29,359
- Financial charges +€2,602
up €2,602 (+34.0%), from €7,662 to €10,264
- Other operating charges +€911
up €911 (+10.9%), from €8,394 to €9,305
- Depreciation +€664
up €664 (+1.8%), from €37,680 to €38,344
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 | €1,004,930 | €942,942 | -€61,988 | -6.2% |
| Fixed assets | 21/28 | €902,037 | €909,254 | +€7,218 | +0.8% |
| Tangible fixed assets | 22/27 | €902,037 | €909,254 | +€7,218 | +0.8% |
| Land and buildings | 22 | €899,251 | €908,912 | +€9,662 | +1.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,786 | €342 | -€2,444 | -87.7% |
| Current assets | 29/58 | €102,893 | €33,687 | -€69,206 | -67.3% |
| Amounts receivable within one year | 40/41 | €0 | €937 | +€937 | |
| Other amounts receivable | 41 | €0 | €937 | +€937 | |
| Cash at bank and in hand | 54/58 | €102,233 | €30,679 | -€71,554 | -70.0% |
| Deferred charges and accrued income | 490/1 | €660 | €2,071 | +€1,411 | +213.7% |
| Total equity and liabilities | 10/49 | €1,004,930 | €942,942 | -€61,988 | -6.2% |
| Equity | 10/15 | €519,442 | €492,368 | -€27,074 | -5.2% |
| Contributions | 10/11 | €41,633 | €41,633 | = | 0.0% |
| Reserves | 13 | €477,809 | €450,736 | -€27,074 | -5.7% |
| Tax-exempt reserves | 132 | €303,470 | €294,307 | -€9,163 | -3.0% |
| Distributable reserves | 133 | €174,339 | €156,429 | -€17,910 | -10.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €75,868 | €73,577 | -€2,291 | -3.0% |
| Deferred taxes | 168 | €75,868 | €73,577 | -€2,291 | -3.0% |
| Amounts payable | 17/49 | €409,620 | €376,996 | -€32,624 | -8.0% |
| Amounts payable after more than one year | 17 | €373,644 | €343,772 | -€29,873 | -8.0% |
| Financial debts | 170/4 | €373,644 | €343,772 | -€29,873 | -8.0% |
| Amounts payable within one year | 42/48 | €34,576 | €32,450 | -€2,126 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €29,177 | €29,873 | +€696 | +2.4% |
| Trade debts | 44 | €1,287 | €1,512 | +€224 | +17.4% |
| Suppliers | 440/4 | €1,287 | €1,512 | +€224 | +17.4% |
| Taxes, remuneration and social security | 45 | €883 | €883 | = | 0.0% |
| Taxes | 450/3 | €883 | €883 | = | 0.0% |
| Other amounts payable | 47/48 | €3,229 | €182 | -€3,046 | -94.3% |
| Accrued charges and deferred income | 492/3 | €1,400 | €775 | -€625 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,680 | €38,344 | +€664 | +1.8% |
| Other operating charges | 640/8 | €8,394 | €9,305 | +€911 | +10.9% |
| Gross operating margin | 9900 | -€8,419 | €29,359 | +€37,778 | |
| Operating profit (loss) | 9901 | -€54,493 | -€18,290 | +€36,203 | +66.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €7,662 | €10,264 | +€2,602 | +34.0% |
| Recurring financial charges | 65 | €7,662 | €10,264 | +€2,602 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€62,155 | -€28,554 | +€33,600 | +54.1% |
| Transfer from deferred taxes | 780 | €2,291 | €2,291 | = | 0.0% |
| Income taxes | 67/77 | €883 | €810 | -€73 | -8.3% |
| Profit (loss) for the period | 9904 | -€60,747 | -€27,074 | +€33,673 | +55.4% |
| Transfer from tax-exempt reserves | 789 | €9,163 | €9,163 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,583 | -€17,910 | +€33,673 | +65.3% |
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 4 October 2026 via checked.be.