IMMERSE: 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.
IMMERSE
Largest movements
- Cash -€30,821
down €30,821 (-82.4%), from €37,402 to €6,580
mainly Net result for the year (-€33,542) and Trade debts (-€4,978)
- Receivables after one year +€3,919
new in 2025: €3,919
of which Trade receivables: +€3,678
- Deferred charges and accrued income +€2,465
up €2,465 (+520.2%), from €474 to €2,938
- Tangible fixed assets -€1,556
down €1,556 (-42.1%), from €3,692 to €2,136
of which Plant, machinery and equipment: -€3,692
- Profit (loss) carried forward -€33,542
new in 2025: -€33,542
- Tax, wage and social debts +€11,329
up €11,329 (+314.0%), from €3,608 to €14,937
of which Remuneration and social security: +€14,566
- Trade debts -€4,978
down €4,978 (-63.1%), from €7,890 to €2,912
- Other debts +€1,194
up €1,194 (+4.5%), from €26,456 to €27,650
- Gross operating margin -€34,573
down €34,573, from €3,100 to -€31,473
- Depreciation +€580
up €580 (+59.4%), from €976 to €1,556
- Taxes -€488
no longer reported in 2025 (was €488)
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 | €41,571 | €15,574 | -€25,997 | -62.5% |
| Fixed assets | 21/28 | €3,692 | €2,136 | -€1,556 | -42.1% |
| Tangible fixed assets | 22/27 | €3,692 | €2,136 | -€1,556 | -42.1% |
| Plant, machinery and equipment | 23 | €3,692 | - | -€3,692 | |
| Furniture and vehicles | 24 | - | €2,136 | +€2,136 | |
| Current assets | 29/58 | €37,879 | €13,438 | -€24,441 | -64.5% |
| Amounts receivable after more than one year | 29 | - | €3,919 | +€3,919 | |
| Trade receivables | 290 | - | €3,678 | +€3,678 | |
| Other amounts receivable | 291 | - | €241 | +€241 | |
| Amounts receivable within one year | 40/41 | €4 | - | -€4 | |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €37,402 | €6,580 | -€30,821 | -82.4% |
| Deferred charges and accrued income | 490/1 | €474 | €2,938 | +€2,465 | +520.2% |
| Total equity and liabilities | 10/49 | €41,571 | €15,574 | -€25,997 | -62.5% |
| Equity | 10/15 | €3,617 | -€29,925 | -€33,542 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,117 | €1,117 | = | 0.0% |
| Distributable reserves | 133 | €1,117 | €1,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,542 | -€33,542 | |
| Amounts payable | 17/49 | €37,954 | €45,499 | +€7,545 | +19.9% |
| Amounts payable within one year | 42/48 | €37,954 | €45,499 | +€7,545 | +19.9% |
| Trade debts | 44 | €7,890 | €2,912 | -€4,978 | -63.1% |
| Suppliers | 440/4 | €7,890 | €2,912 | -€4,978 | -63.1% |
| Taxes, remuneration and social security | 45 | €3,608 | €14,937 | +€11,329 | +314.0% |
| Taxes | 450/3 | €3,608 | €370 | -€3,237 | -89.7% |
| Remuneration and social security | 454/9 | - | €14,566 | +€14,566 | |
| Other amounts payable | 47/48 | €26,456 | €27,650 | +€1,194 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €1,556 | +€580 | +59.4% |
| Other operating charges | 640/8 | €411 | €115 | -€295 | -71.9% |
| Gross operating margin | 9900 | €3,100 | -€31,473 | -€34,573 | |
| Operating profit (loss) | 9901 | €1,714 | -€33,144 | -€34,858 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €109 | €406 | +€298 | +273.6% |
| Recurring financial charges | 65 | €109 | €406 | +€298 | +273.6% |
| Profit (loss) for the period before taxes | 9903 | €1,605 | -€33,542 | -€35,147 | |
| Income taxes | 67/77 | €488 | - | -€488 | |
| Profit (loss) for the period | 9904 | €1,117 | -€33,542 | -€34,658 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,117 | -€33,542 | -€34,658 |
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 5 October 2026 via checked.be.