Immersive: 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.
Immersive
Largest movements
- Cash +€47,941
up €47,941 (+49.3%), from €97,149 to €145,090
mainly Net result for the year (+€29,994) and Depreciation (+€20,970)
- Tangible fixed assets -€15,013
down €15,013 (-43.3%), from €34,636 to €19,624
of which Furniture and vehicles: -€9,767
- Receivables within one year -€11,578
down €11,578 (-23.0%), from €50,393 to €38,815
of which Trade receivables: -€7,033
- Reserves +€29,994
up €29,994 (+24.1%), from €124,711 to €154,705
of which Distributable reserves: +€29,994
- Other debts -€6,950
down €6,950 (-21.6%), from €32,221 to €25,272
- Trade debts -€5,723
down €5,723 (-49.0%), from €11,669 to €5,946
- Tax, wage and social debts +€4,204
up €4,204 (+53.2%), from €7,902 to €12,106
of which Taxes: +€5,118
- Gross operating margin +€7,349
up €7,349 (+7.7%), from €94,902 to €102,251
- Taxes +€2,522
up €2,522 (+18.9%), from €13,351 to €15,873
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 | €182,704 | €204,229 | +€21,525 | +11.8% |
| Fixed assets | 21/28 | €34,636 | €19,624 | -€15,013 | -43.3% |
| Tangible fixed assets | 22/27 | €34,636 | €19,624 | -€15,013 | -43.3% |
| Land and buildings | 22 | €3,186 | €2,500 | -€686 | -21.5% |
| Plant, machinery and equipment | 23 | €10,807 | €6,553 | -€4,254 | -39.4% |
| Furniture and vehicles | 24 | €19,869 | €10,102 | -€9,767 | -49.2% |
| Other tangible fixed assets | 26 | €775 | €469 | -€306 | -39.4% |
| Current assets | 29/58 | €148,068 | €184,605 | +€36,538 | +24.7% |
| Amounts receivable within one year | 40/41 | €50,393 | €38,815 | -€11,578 | -23.0% |
| Trade receivables | 40 | €44,679 | €37,646 | -€7,033 | -15.7% |
| Other amounts receivable | 41 | €5,714 | €1,169 | -€4,544 | -79.5% |
| Cash at bank and in hand | 54/58 | €97,149 | €145,090 | +€47,941 | +49.3% |
| Deferred charges and accrued income | 490/1 | €526 | €700 | +€174 | +33.1% |
| Total equity and liabilities | 10/49 | €182,704 | €204,229 | +€21,525 | +11.8% |
| Equity | 10/15 | €130,911 | €160,905 | +€29,994 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,711 | €154,705 | +€29,994 | +24.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €124,711 | €154,705 | +€29,994 | +24.1% |
| Amounts payable | 17/49 | €51,793 | €43,324 | -€8,469 | -16.4% |
| Amounts payable within one year | 42/48 | €51,793 | €43,324 | -€8,469 | -16.4% |
| Trade debts | 44 | €11,669 | €5,946 | -€5,723 | -49.0% |
| Suppliers | 440/4 | €11,669 | €5,946 | -€5,723 | -49.0% |
| Taxes, remuneration and social security | 45 | €7,902 | €12,106 | +€4,204 | +53.2% |
| Taxes | 450/3 | - | €5,118 | +€5,118 | |
| Remuneration and social security | 454/9 | €7,902 | €6,989 | -€914 | -11.6% |
| Other amounts payable | 47/48 | €32,221 | €25,272 | -€6,950 | -21.6% |
| Remuneration, social security and pensions | 62 | €34,910 | €35,374 | +€464 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,987 | €20,970 | -€17 | -0.1% |
| Other operating charges | 640/8 | €789 | €698 | -€91 | -11.5% |
| Gross operating margin | 9900 | €94,902 | €102,251 | +€7,349 | +7.7% |
| Operating profit (loss) | 9901 | €38,216 | €45,209 | +€6,993 | +18.3% |
| Financial income | 75/76B | €273 | €970 | +€697 | +255% |
| Recurring financial income | 75 | €273 | €970 | +€697 | +255% |
| Financial charges | 65/66B | €234 | €313 | +€79 | +33.5% |
| Recurring financial charges | 65 | €234 | €313 | +€79 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €38,256 | €45,867 | +€7,611 | +19.9% |
| Income taxes | 67/77 | €13,351 | €15,873 | +€2,522 | +18.9% |
| Profit (loss) for the period | 9904 | €24,905 | €29,994 | +€5,089 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,905 | €29,994 | +€5,089 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.