IMMEIR: 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.
IMMEIR
Largest movements
- Receivables within one year -€49,989
down €49,989 (-100.0%), from €50,004 to €14
of which Trade receivables: -€50,000
- Trade debts -€53,035
no longer reported in 2025 (was €53,035)
- Other debts +€52,506
up €52,506 (+80.8%), from €65,019 to €117,526
- Current portion of long-term debt -€46,933
no longer reported in 2025 (was €46,933)
- Gross operating margin +€34,789
up €34,789 (+46.1%), from €75,425 to €110,214
- Financial charges +€18,489
up €18,489 (+49.2%), from €37,550 to €56,039
- Depreciation -€11,964
down €11,964 (-17.1%), from €69,764 to €57,799
- Other operating charges +€3,061
up €3,061 (+97.0%), from €3,156 to €6,217
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 | €1,530,592 | €1,478,011 | -€52,581 | -3.4% |
| Fixed assets | 21/28 | €1,480,303 | €1,475,258 | -€5,044 | -0.3% |
| Tangible fixed assets | 22/27 | €1,480,303 | €1,475,258 | -€5,044 | -0.3% |
| Land and buildings | 22 | €1,480,303 | €1,475,258 | -€5,044 | -0.3% |
| Current assets | 29/58 | €50,290 | €2,753 | -€47,537 | -94.5% |
| Amounts receivable within one year | 40/41 | €50,004 | €14 | -€49,989 | -100.0% |
| Trade receivables | 40 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 41 | €4 | €14 | +€11 | +280.7% |
| Cash at bank and in hand | 54/58 | €286 | €2,738 | +€2,453 | +858.5% |
| Total equity and liabilities | 10/49 | €1,530,592 | €1,478,011 | -€52,581 | -3.4% |
| Equity | 10/15 | €87,283 | €78,660 | -€8,622 | -9.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €101,514 | €97,856 | -€3,658 | -3.6% |
| Tax-exempt reserves | 132 | €101,514 | €97,856 | -€3,658 | -3.6% |
| Profit (loss) carried forward | 14 | -€44,231 | -€49,195 | -€4,964 | -11.2% |
| Provisions and deferred taxes | 16 | €33,838 | €32,619 | -€1,219 | -3.6% |
| Deferred taxes | 168 | €33,838 | €32,619 | -€1,219 | -3.6% |
| Amounts payable | 17/49 | €1,409,472 | €1,366,732 | -€42,739 | -3.0% |
| Amounts payable after more than one year | 17 | €1,242,556 | €1,249,207 | +€6,651 | +0.5% |
| Financial debts | 170/4 | €1,242,556 | €1,249,207 | +€6,651 | +0.5% |
| Amounts payable within one year | 42/48 | €166,916 | €117,526 | -€49,390 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €46,933 | - | -€46,933 | |
| Trade debts | 44 | €53,035 | - | -€53,035 | |
| Suppliers | 440/4 | €53,035 | - | -€53,035 | |
| Taxes, remuneration and social security | 45 | €1,928 | - | -€1,928 | |
| Taxes | 450/3 | €1,928 | - | -€1,928 | |
| Other amounts payable | 47/48 | €65,019 | €117,526 | +€52,506 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,764 | €57,799 | -€11,964 | -17.1% |
| Other operating charges | 640/8 | €3,156 | €6,217 | +€3,061 | +97.0% |
| Gross operating margin | 9900 | €75,425 | €110,214 | +€34,789 | +46.1% |
| Operating profit (loss) | 9901 | €2,505 | €46,197 | +€43,692 | +1744.3% |
| Financial charges | 65/66B | €37,550 | €56,039 | +€18,489 | +49.2% |
| Recurring financial charges | 65 | €37,550 | €56,039 | +€18,489 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,045 | -€9,842 | +€25,204 | +71.9% |
| Transfer from deferred taxes | 780 | €1,219 | €1,219 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€33,826 | -€8,622 | +€25,204 | +74.5% |
| Transfer from tax-exempt reserves | 789 | €3,658 | €3,658 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,168 | -€4,964 | +€25,204 | +83.5% |
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 10 October 2026 via checked.be.