Immess: 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.
Immess
Largest movements
- Receivables within one year +€24,724
up €24,724 (+858.0%), from €2,882 to €27,606
of which Trade receivables: +€27,606
- Tangible fixed assets -€21,836
down €21,836 (-2.4%), from €894,360 to €872,524
- Cash +€17,303
up €17,303 (+345.3%), from €5,011 to €22,314
mainly Depreciation (+€52,503) and Net result for the year (+€39,360)
- Other debts -€41,171
no longer reported in 2025 (was €41,171)
- Reserves +€39,360
up €39,360 (+10.5%), from €376,031 to €415,391
- Accrued charges and deferred income +€13,025
up €13,025 (+16020.7%), from €81 to €13,106
- Gross operating margin -€30,384
down €30,384 (-21.9%), from €139,046 to €108,662
- Write-downs -€28,306
down €28,306, from €14,153 to -€14,153
- Financial income -€3,820
no longer reported in 2025 (was €3,820)
- Depreciation +€2,702
up €2,702 (+5.4%), from €49,801 to €52,503
- Financial charges -€2,212
down €2,212 (-70.9%), from €3,120 to €908
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 | €917,473 | €937,663 | +€20,191 | +2.2% |
| Fixed assets | 21/28 | €894,360 | €872,524 | -€21,836 | -2.4% |
| Tangible fixed assets | 22/27 | €894,360 | €872,524 | -€21,836 | -2.4% |
| Land and buildings | 22 | €894,360 | €872,524 | -€21,836 | -2.4% |
| Current assets | 29/58 | €23,113 | €65,139 | +€42,027 | +181.8% |
| Amounts receivable within one year | 40/41 | €2,882 | €27,606 | +€24,724 | +858.0% |
| Trade receivables | 40 | - | €27,606 | +€27,606 | |
| Other amounts receivable | 41 | €2,882 | - | -€2,882 | |
| Current investments | 50/53 | €15,220 | €15,220 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,011 | €22,314 | +€17,303 | +345.3% |
| Total equity and liabilities | 10/49 | €917,473 | €937,663 | +€20,191 | +2.2% |
| Equity | 10/15 | €876,031 | €915,391 | +€39,360 | +4.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €376,031 | €415,391 | +€39,360 | +10.5% |
| Distributable reserves | 133 | €376,031 | €415,391 | +€39,360 | +10.5% |
| Amounts payable | 17/49 | €41,441 | €22,272 | -€19,169 | -46.3% |
| Amounts payable within one year | 42/48 | €41,360 | €9,166 | -€32,194 | -77.8% |
| Trade debts | 44 | €126 | €145 | +€19 | +15.4% |
| Suppliers | 440/4 | €126 | €145 | +€19 | +15.4% |
| Taxes, remuneration and social security | 45 | €63 | €9,021 | +€8,958 | +14162.5% |
| Taxes | 450/3 | €63 | €9,021 | +€8,958 | +14162.5% |
| Other amounts payable | 47/48 | €41,171 | - | -€41,171 | |
| Accrued charges and deferred income | 492/3 | €81 | €13,106 | +€13,025 | +16020.7% |
| Non-recurring operating income | 76A | - | €14,985 | +€14,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,801 | €52,503 | +€2,702 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,153 | -€14,153 | -€28,306 | |
| Other operating charges | 640/8 | €15,539 | €16,023 | +€484 | +3.1% |
| Gross operating margin | 9900 | €139,046 | €108,662 | -€30,384 | -21.9% |
| Operating profit (loss) | 9901 | €59,553 | €54,289 | -€5,264 | -8.8% |
| Financial income | 75/76B | €3,820 | - | -€3,820 | |
| Recurring financial income | 75 | €3,820 | - | -€3,820 | |
| Financial charges | 65/66B | €3,120 | €908 | -€2,212 | -70.9% |
| Recurring financial charges | 65 | €3,120 | €908 | -€2,212 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €60,253 | €53,381 | -€6,872 | -11.4% |
| Income taxes | 67/77 | €15,063 | €14,021 | -€1,042 | -6.9% |
| Profit (loss) for the period | 9904 | €45,190 | €39,360 | -€5,830 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,190 | €39,360 | -€5,830 | -12.9% |
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 3 October 2026 via checked.be.