IMMENSA: 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.
IMMENSA
Largest movements
- Cash +€27,430
up €27,430 (+22.7%), from €120,997 to €148,427
mainly Other debts (+€794,425) and Net result for the year (+€187,995)
- Other debts +€794,425
new in 2025: €794,425
- Reserves -€658,444
down €658,444 (-35.0%), from €1.9m to €1.2m
- Current portion of long-term debt -€69,236
down €69,236 (-40.7%), from €169,972 to €100,735
- Debts after one year -€66,047
down €66,047 (-13.0%), from €509,843 to €443,796
- Staff costs -€17,817
down €17,817 (-38.0%), from €46,844 to €29,028
- Depreciation +€15,258
up €15,258 (+457.4%), from €3,336 to €18,594
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 | €2,629,028 | €2,633,368 | +€4,340 | +0.2% |
| Fixed assets | 21/28 | €2,501,778 | €2,483,184 | -€18,594 | -0.7% |
| Tangible fixed assets | 22/27 | €451,778 | €433,184 | -€18,594 | -4.1% |
| Land and buildings | 22 | €362,600 | €362,600 | = | 0.0% |
| Furniture and vehicles | 24 | €89,178 | €70,584 | -€18,594 | -20.9% |
| Financial fixed assets | 28 | €2,050,000 | €2,050,000 | = | 0.0% |
| Current assets | 29/58 | €127,250 | €150,184 | +€22,934 | +18.0% |
| Amounts receivable within one year | 40/41 | €4,710 | - | -€4,710 | |
| Other amounts receivable | 41 | €4,710 | - | -€4,710 | |
| Cash at bank and in hand | 54/58 | €120,997 | €148,427 | +€27,430 | +22.7% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,757 | +€214 | +13.9% |
| Total equity and liabilities | 10/49 | €2,629,028 | €2,633,368 | +€4,340 | +0.2% |
| Equity | 10/15 | €1,903,860 | €1,245,417 | -€658,444 | -34.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,878,860 | €1,220,417 | -€658,444 | -35.0% |
| Distributable reserves | 133 | €1,878,860 | €1,220,417 | -€658,444 | -35.0% |
| Amounts payable | 17/49 | €725,167 | €1,387,952 | +€662,784 | +91.4% |
| Amounts payable after more than one year | 17 | €509,843 | €443,796 | -€66,047 | -13.0% |
| Financial debts | 170/4 | €509,843 | €443,796 | -€66,047 | -13.0% |
| Amounts payable within one year | 42/48 | €215,325 | €944,156 | +€728,831 | +338.5% |
| Current portion of amounts payable after more than one year | 42 | €169,972 | €100,735 | -€69,236 | -40.7% |
| Trade debts | 44 | €4,074 | €1,401 | -€2,673 | -65.6% |
| Suppliers | 440/4 | €4,074 | €1,401 | -€2,673 | -65.6% |
| Taxes, remuneration and social security | 45 | €41,279 | €47,596 | +€6,316 | +15.3% |
| Taxes | 450/3 | €21,905 | €34,996 | +€13,090 | +59.8% |
| Remuneration and social security | 454/9 | €19,374 | €12,600 | -€6,774 | -35.0% |
| Other amounts payable | 47/48 | - | €794,425 | +€794,425 | |
| Remuneration, social security and pensions | 62 | €46,844 | €29,028 | -€17,817 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,336 | €18,594 | +€15,258 | +457.4% |
| Other operating charges | 640/8 | €1,021 | €998 | -€22 | -2.2% |
| Gross operating margin | 9900 | €327,850 | €325,116 | -€2,733 | -0.8% |
| Operating profit (loss) | 9901 | €276,649 | €276,496 | -€153 | -0.1% |
| Financial income | 75/76B | €254 | - | -€254 | |
| Recurring financial income | 75 | €254 | - | -€254 | |
| Financial charges | 65/66B | €33,230 | €31,032 | -€2,198 | -6.6% |
| Recurring financial charges | 65 | €33,230 | €31,032 | -€2,198 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €243,673 | €245,464 | +€1,791 | +0.7% |
| Income taxes | 67/77 | €56,854 | €57,469 | +€616 | +1.1% |
| Profit (loss) for the period | 9904 | €186,819 | €187,995 | +€1,175 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €186,819 | €187,995 | +€1,175 | +0.6% |
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 12 October 2026 via checked.be.