IMMERE: 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.
IMMERE
Largest movements
- Cash -€158,391
down €158,391 (-81.0%), from €195,600 to €37,209
mainly Other debts (-€164,503) and Contributions, distributions and other (-€72,000)
- Receivables within one year -€27,774
down €27,774 (-55.5%), from €50,057 to €22,282
of which Trade receivables: -€22,083
- Deferred charges and accrued income -€4,833
down €4,833 (-66.5%), from €7,274 to €2,440
- Other debts -€164,503
down €164,503 (-99.2%), from €165,750 to €1,247
- Tax, wage and social debts -€17,114
down €17,114 (-27.5%), from €62,273 to €45,159
of which Taxes: -€18,314
- Reserves -€14,796
down €14,796 (-66.8%), from €22,144 to €7,348
of which Distributable reserves: -€14,796
- Trade debts +€4,669
up €4,669 (+917.1%), from €509 to €5,178
- Gross operating margin -€17,599
down €17,599 (-19.2%), from €91,769 to €74,170
- Taxes -€2,799
down €2,799 (-15.2%), from €18,441 to €15,641
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 | €253,676 | €61,932 | -€191,744 | -75.6% |
| Fixed assets | 21/28 | €745 | - | -€745 | |
| Tangible fixed assets | 22/27 | €745 | - | -€745 | |
| Plant, machinery and equipment | 23 | €252 | - | -€252 | |
| Furniture and vehicles | 24 | €493 | - | -€493 | |
| Current assets | 29/58 | €252,930 | €61,932 | -€190,998 | -75.5% |
| Amounts receivable within one year | 40/41 | €50,057 | €22,282 | -€27,774 | -55.5% |
| Trade receivables | 40 | €44,165 | €22,083 | -€22,083 | -50.0% |
| Other amounts receivable | 41 | €5,892 | €200 | -€5,692 | -96.6% |
| Cash at bank and in hand | 54/58 | €195,600 | €37,209 | -€158,391 | -81.0% |
| Deferred charges and accrued income | 490/1 | €7,274 | €2,440 | -€4,833 | -66.5% |
| Total equity and liabilities | 10/49 | €253,676 | €61,932 | -€191,744 | -75.6% |
| Equity | 10/15 | €25,144 | €10,348 | -€14,796 | -58.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,144 | €7,348 | -€14,796 | -66.8% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €21,844 | €7,048 | -€14,796 | -67.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €228,532 | €51,584 | -€176,948 | -77.4% |
| Amounts payable within one year | 42/48 | €228,532 | €51,584 | -€176,948 | -77.4% |
| Trade debts | 44 | €509 | €5,178 | +€4,669 | +917.1% |
| Suppliers | 440/4 | €509 | €5,178 | +€4,669 | +917.1% |
| Taxes, remuneration and social security | 45 | €62,273 | €45,159 | -€17,114 | -27.5% |
| Taxes | 450/3 | €55,023 | €36,709 | -€18,314 | -33.3% |
| Remuneration and social security | 454/9 | €7,250 | €8,450 | +€1,200 | +16.6% |
| Other amounts payable | 47/48 | €165,750 | €1,247 | -€164,503 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €745 | -€486 | -39.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €91,769 | €74,170 | -€17,599 | -19.2% |
| Operating profit (loss) | 9901 | €90,151 | €73,025 | -€17,126 | -19.0% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €230 | €180 | -€50 | -21.6% |
| Recurring financial charges | 65 | €230 | €180 | -€50 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €90,006 | €72,845 | -€17,160 | -19.1% |
| Income taxes | 67/77 | €18,441 | €15,641 | -€2,799 | -15.2% |
| Profit (loss) for the period | 9904 | €71,565 | €57,204 | -€14,361 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,565 | €57,204 | -€14,361 | -20.1% |
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 6 October 2026 via checked.be.