Immersa: 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.
Immersa
Largest movements
- Cash +€18,959
up €18,959 (+205%), from €9,259 to €28,218
mainly Net result for the year (+€38,342) and Depreciation (+€14,503)
- Tangible fixed assets +€16,157
up €16,157 (+48.5%), from €33,341 to €49,498
of which Other tangible fixed assets: +€19,409
- Deferred charges and accrued income +€3,957
up €3,957 (+316%), from €1,251 to €5,208
- Receivables within one year +€2,033
up €2,033 (+21,315%), from €10 to €2,043
of which Trade receivables: +€1,404
- Profit (loss) carried forward +€38,342
up €38,342, from -€957 to €37,385
- Tax, wage and social debts +€11,440
up €11,440 (+199%), from €5,761 to €17,201
of which Taxes: +€16,095
- Debts after one year -€6,684
down €6,684 (-51.3%), from €13,031 to €6,347
- Accrued charges and deferred income -€2,800
no longer reported in 2025 (was €2,800)
- Gross operating margin +€63,713
up €63,713 (+1,086%), from €5,867 to €69,580
- Taxes +€14,650
up €14,650 (+3,516%), from €417 to €15,067
- Depreciation +€8,939
up €8,939 (+161%), from €5,564 to €14,503
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 | €45,151 | €86,257 | +€41,106 | +91.0% |
| Fixed assets | 21/28 | €34,632 | €50,788 | +€16,157 | +46.7% |
| Tangible fixed assets | 22/27 | €33,341 | €49,498 | +€16,157 | +48.5% |
| Furniture and vehicles | 24 | €30,342 | €27,089 | -€3,253 | -10.7% |
| Other tangible fixed assets | 26 | €2,999 | €22,409 | +€19,409 | +647% |
| Financial fixed assets | 28 | €1,291 | €1,291 | = | 0.0% |
| Current assets | 29/58 | €10,519 | €35,469 | +€24,950 | +237% |
| Amounts receivable within one year | 40/41 | €10 | €2,043 | +€2,033 | +21,315% |
| Trade receivables | 40 | - | €1,404 | +€1,404 | |
| Other amounts receivable | 41 | €10 | €639 | +€630 | +6,600% |
| Cash at bank and in hand | 54/58 | €9,259 | €28,218 | +€18,959 | +205% |
| Deferred charges and accrued income | 490/1 | €1,251 | €5,208 | +€3,957 | +316% |
| Total equity and liabilities | 10/49 | €45,151 | €86,257 | +€41,106 | +91.0% |
| Equity | 10/15 | €14,043 | €52,385 | +€38,342 | +273% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€957 | €37,385 | +€38,342 | |
| Amounts payable | 17/49 | €31,108 | €33,872 | +€2,764 | +8.9% |
| Amounts payable after more than one year | 17 | €13,031 | €6,347 | -€6,684 | -51.3% |
| Financial debts | 170/4 | €13,031 | €6,347 | -€6,684 | -51.3% |
| Amounts payable within one year | 42/48 | €15,277 | €27,525 | +€12,248 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €6,443 | €6,684 | +€241 | +3.7% |
| Trade debts | 44 | €3,073 | €3,640 | +€567 | +18.5% |
| Suppliers | 440/4 | €3,073 | €3,640 | +€567 | +18.5% |
| Taxes, remuneration and social security | 45 | €5,761 | €17,201 | +€11,440 | +199% |
| Taxes | 450/3 | €1,106 | €17,201 | +€16,095 | +1,455% |
| Remuneration and social security | 454/9 | €4,655 | - | -€4,655 | |
| Accrued charges and deferred income | 492/3 | €2,800 | - | -€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,564 | €14,503 | +€8,939 | +161% |
| Other operating charges | 640/8 | €543 | €810 | +€267 | +49.2% |
| Gross operating margin | 9900 | €5,867 | €69,580 | +€63,713 | +1,086% |
| Operating profit (loss) | 9901 | -€239 | €54,268 | +€54,507 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €301 | €863 | +€562 | +187% |
| Recurring financial charges | 65 | €301 | €863 | +€562 | +187% |
| Profit (loss) for the period before taxes | 9903 | -€540 | €53,409 | +€53,949 | |
| Income taxes | 67/77 | €417 | €15,067 | +€14,650 | +3,516% |
| Profit (loss) for the period | 9904 | -€957 | €38,342 | +€39,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€957 | €38,342 | +€39,298 |
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 13 October 2026 via checked.be.