Immesco: 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.
Immesco
Largest movements
- Tangible fixed assets -€105,590
down €105,590 (-4.9%), from €2.2m to €2.1m
of which Land and buildings: -€80,415
- Cash +€74,545
up €74,545 (+382.0%), from €19,513 to €94,057
mainly Depreciation (+€111,534) and Receivables after one year (+€68,205)
- Receivables after one year -€68,205
no longer reported in 2025 (was €68,205)
- Debts after one year -€98,626
down €98,626 (-7.8%), from €1.3m to €1.2m
of which Financial debts: -€98,626
- Profit (loss) carried forward +€57,425
up €57,425 (+14.3%), from €400,528 to €457,953
- Other debts -€35,609
down €35,609 (-46.9%), from €75,887 to €40,278
- Taxes +€21,821
up €21,821 (+7906.8%), from €276 to €22,097
- Gross operating margin -€5,557
down €5,557 (-2.2%), from €257,785 to €252,228
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 | €2,380,285 | €2,309,098 | -€71,187 | -3.0% |
| Fixed assets | 21/28 | €2,177,363 | €2,070,772 | -€106,590 | -4.9% |
| Tangible fixed assets | 22/27 | €2,176,113 | €2,070,522 | -€105,590 | -4.9% |
| Land and buildings | 22 | €2,087,163 | €2,006,748 | -€80,415 | -3.9% |
| Plant, machinery and equipment | 23 | €6,611 | €5,563 | -€1,048 | -15.8% |
| Furniture and vehicles | 24 | €73,340 | €49,212 | -€24,128 | -32.9% |
| Other tangible fixed assets | 26 | €9,000 | €9,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,250 | €250 | -€1,000 | -80.0% |
| Current assets | 29/58 | €202,923 | €238,326 | +€35,403 | +17.4% |
| Amounts receivable after more than one year | 29 | €68,205 | - | -€68,205 | |
| Other amounts receivable | 291 | €68,205 | - | -€68,205 | |
| Amounts receivable within one year | 40/41 | €73,063 | €87,971 | +€14,907 | +20.4% |
| Trade receivables | 40 | €36,440 | €23,327 | -€13,113 | -36.0% |
| Other amounts receivable | 41 | €36,623 | €64,644 | +€28,021 | +76.5% |
| Cash at bank and in hand | 54/58 | €19,513 | €94,057 | +€74,545 | +382.0% |
| Deferred charges and accrued income | 490/1 | €42,141 | €56,298 | +€14,157 | +33.6% |
| Total equity and liabilities | 10/49 | €2,380,285 | €2,309,098 | -€71,187 | -3.0% |
| Equity | 10/15 | €929,837 | €987,262 | +€57,425 | +6.2% |
| Contributions | 10/11 | €472,567 | €472,567 | = | 0.0% |
| Capital | 10 | €465,750 | €465,750 | = | 0.0% |
| Issued capital | 100 | €465,750 | €465,750 | = | 0.0% |
| Outside capital | 11 | €6,817 | €6,817 | = | 0.0% |
| Share premium | 1100/10 | €6,817 | €6,817 | = | 0.0% |
| Revaluation surpluses | 12 | €10,167 | €10,167 | = | 0.0% |
| Reserves | 13 | €46,575 | €46,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,575 | €46,575 | = | 0.0% |
| Legal reserve | 130 | €46,575 | €46,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400,528 | €457,953 | +€57,425 | +14.3% |
| Amounts payable | 17/49 | €1,450,448 | €1,321,836 | -€128,612 | -8.9% |
| Amounts payable after more than one year | 17 | €1,267,768 | €1,169,142 | -€98,626 | -7.8% |
| Financial debts | 170/4 | €1,259,368 | €1,160,742 | -€98,626 | -7.8% |
| Other amounts payable | 178/9 | €8,400 | €8,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,742 | €151,755 | -€29,986 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €96,854 | €98,626 | +€1,772 | +1.8% |
| Trade debts | 44 | €9,000 | €7,612 | -€1,388 | -15.4% |
| Suppliers | 440/4 | €9,000 | €7,612 | -€1,388 | -15.4% |
| Taxes, remuneration and social security | 45 | - | €5,239 | +€5,239 | |
| Taxes | 450/3 | - | €5,239 | +€5,239 | |
| Other amounts payable | 47/48 | €75,887 | €40,278 | -€35,609 | -46.9% |
| Accrued charges and deferred income | 492/3 | €938 | €938 | = | 0.0% |
| Non-recurring operating income | 76A | €7,178 | - | -€7,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,953 | €111,534 | +€581 | +0.5% |
| Other operating charges | 640/8 | €36,058 | €35,759 | -€299 | -0.8% |
| Gross operating margin | 9900 | €257,785 | €252,228 | -€5,557 | -2.2% |
| Operating profit (loss) | 9901 | €110,774 | €104,935 | -€5,839 | -5.3% |
| Financial income | 75/76B | €1,403 | - | -€1,403 | |
| Recurring financial income | 75 | €1,403 | - | -€1,403 | |
| Financial charges | 65/66B | €27,081 | €25,412 | -€1,669 | -6.2% |
| Recurring financial charges | 65 | €27,081 | €25,412 | -€1,669 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €85,096 | €79,522 | -€5,574 | -6.5% |
| Income taxes | 67/77 | €276 | €22,097 | +€21,821 | +7906.8% |
| Profit (loss) for the period | 9904 | €84,820 | €57,425 | -€27,395 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,820 | €57,425 | -€27,395 | -32.3% |
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 8 October 2026 via checked.be.