IMMERSALE: 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.
IMMERSALE
Largest movements
- Receivables within one year +€12,288
up €12,288 (+4.8%), from €255,972 to €268,260
- Cash -€3,465
down €3,465 (-9.8%), from €35,379 to €31,914
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€12,288)
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€93,670
down €93,670 (-84.4%), from €110,979 to €17,310
No income-statement line moved by more than 1% of the activity.
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 | €291,351 | €300,174 | +€8,823 | +3.0% |
| Current assets | 29/58 | €291,351 | €300,174 | +€8,823 | +3.0% |
| Amounts receivable within one year | 40/41 | €255,972 | €268,260 | +€12,288 | +4.8% |
| Other amounts receivable | 41 | €255,972 | €268,260 | +€12,288 | +4.8% |
| Cash at bank and in hand | 54/58 | €35,379 | €31,914 | -€3,465 | -9.8% |
| Total equity and liabilities | 10/49 | €291,351 | €300,174 | +€8,823 | +3.0% |
| Equity | 10/15 | €290,979 | €197,310 | -€93,670 | -32.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Uncalled capital | 101 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,979 | €17,310 | -€93,670 | -84.4% |
| Amounts payable | 17/49 | €372 | €102,865 | +€102,493 | +27544.4% |
| Amounts payable within one year | 42/48 | €372 | €102,865 | +€102,493 | +27544.4% |
| Trade debts | 44 | €372 | €2,865 | +€2,493 | +669.9% |
| Suppliers | 440/4 | €372 | €2,865 | +€2,493 | +669.9% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Operating charges | 60/66A | €7,061 | €6,038 | -€1,023 | -14.5% |
| Services and other goods | 61 | €6,556 | €5,518 | -€1,037 | -15.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Operating profit (loss) | 9901 | -€7,061 | -€6,038 | +€1,023 | +14.5% |
| Financial income | 75/76B | €12,171 | €12,746 | +€575 | +4.7% |
| Recurring financial income | 75 | €12,171 | €12,746 | +€575 | +4.7% |
| Income from current assets | 751 | €12,171 | €12,746 | +€575 | +4.7% |
| Financial charges | 65/66B | €421 | €378 | -€43 | -10.2% |
| Recurring financial charges | 65 | €421 | €378 | -€43 | -10.2% |
| Other financial charges | 652/9 | €421 | €378 | -€43 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €4,689 | €6,330 | +€1,641 | +35.0% |
| Profit (loss) for the period | 9904 | €4,689 | €6,330 | +€1,641 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,689 | €6,330 | +€1,641 | +35.0% |
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.