IMMEXTENSO: 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.
IMMEXTENSO
Largest movements
- Tangible fixed assets +€929,469
up €929,469 (+466.6%), from €199,190 to €1.1m
of which Land and buildings: +€947,792
- Cash +€324,499
up €324,499 (+121.4%), from €267,229 to €591,728
mainly Debts after one year (+€670,132) and Current investments (+€299,367)
- Current investments -€299,367
down €299,367 (-54.4%), from €550,740 to €251,373
- Receivables within one year -€23,541
down €23,541 (-14.9%), from €157,756 to €134,215
of which Trade receivables: -€12,100
- Debts after one year +€670,132
up €670,132 (+565.9%), from €118,411 to €788,544
- Reserves +€441,386
up €441,386 (+55.9%), from €789,646 to €1.2m
of which Distributable reserves: +€441,386
- Profit (loss) carried forward -€251,789
down €251,789 (-99.3%), from €253,577 to €1,788
- Tax, wage and social debts +€73,044
up €73,044 (+1545.9%), from €4,725 to €77,769
of which Taxes: +€71,231
- Taxes +€26,146
up €26,146 (+61.0%), from €42,874 to €69,020
- Financial income -€16,800
down €16,800 (-14.0%), from €119,842 to €103,042
- Gross operating margin +€4,620
up €4,620 (+2.2%), from €210,546 to €215,167
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 | €1,206,457 | €2,137,517 | +€931,060 | +77.2% |
| Fixed assets | 21/28 | €227,382 | €1,156,851 | +€929,469 | +408.8% |
| Tangible fixed assets | 22/27 | €199,190 | €1,128,658 | +€929,469 | +466.6% |
| Land and buildings | 22 | €0 | €947,792 | +€947,792 | +2369481125.0% |
| Plant, machinery and equipment | 23 | €7,731 | €9,259 | +€1,528 | +19.8% |
| Furniture and vehicles | 24 | €42,365 | €32,149 | -€10,217 | -24.1% |
| Other tangible fixed assets | 26 | €149,094 | €139,459 | -€9,635 | -6.5% |
| Financial fixed assets | 28 | €28,193 | €28,193 | = | 0.0% |
| Current assets | 29/58 | €979,075 | €980,666 | +€1,591 | +0.2% |
| Stocks and contracts in progress | 3 | €3,350 | €3,350 | = | 0.0% |
| Stocks | 30/36 | €3,350 | €3,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,756 | €134,215 | -€23,541 | -14.9% |
| Trade receivables | 40 | €141,552 | €129,452 | -€12,100 | -8.5% |
| Other amounts receivable | 41 | €16,204 | €4,763 | -€11,441 | -70.6% |
| Current investments | 50/53 | €550,740 | €251,373 | -€299,367 | -54.4% |
| Cash at bank and in hand | 54/58 | €267,229 | €591,728 | +€324,499 | +121.4% |
| Total equity and liabilities | 10/49 | €1,206,457 | €2,137,517 | +€931,060 | +77.2% |
| Equity | 10/15 | €1,055,623 | €1,245,220 | +€189,597 | +18.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €789,646 | €1,231,032 | +€441,386 | +55.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €787,786 | €1,229,172 | +€441,386 | +56.0% |
| Profit (loss) carried forward | 14 | €253,577 | €1,788 | -€251,789 | -99.3% |
| Amounts payable | 17/49 | €150,834 | €892,297 | +€741,463 | +491.6% |
| Amounts payable after more than one year | 17 | €118,411 | €788,544 | +€670,132 | +565.9% |
| Financial debts | 170/4 | €118,411 | €788,544 | +€670,132 | +565.9% |
| Amounts payable within one year | 42/48 | €32,423 | €103,754 | +€71,331 | +220.0% |
| Current portion of amounts payable after more than one year | 42 | €9,700 | €9,868 | +€168 | +1.7% |
| Financial debts | 43 | €746 | €204 | -€541 | -72.6% |
| Credit institutions | 430/8 | €746 | €204 | -€541 | -72.6% |
| Trade debts | 44 | €435 | €1,046 | +€611 | +140.6% |
| Suppliers | 440/4 | €435 | €1,046 | +€611 | +140.6% |
| Taxes, remuneration and social security | 45 | €4,725 | €77,769 | +€73,044 | +1545.9% |
| Taxes | 450/3 | €4,725 | €75,956 | +€71,231 | +1507.5% |
| Remuneration and social security | 454/9 | - | €1,813 | +€1,813 | |
| Other amounts payable | 47/48 | €16,817 | €14,866 | -€1,951 | -11.6% |
| Non-recurring operating income | 76A | €8,862 | €3,063 | -€5,799 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,837 | €27,338 | -€500 | -1.8% |
| Other operating charges | 640/8 | €4,403 | €5,583 | +€1,180 | +26.8% |
| Gross operating margin | 9900 | €210,546 | €215,167 | +€4,620 | +2.2% |
| Operating profit (loss) | 9901 | €178,306 | €182,246 | +€3,940 | +2.2% |
| Financial income | 75/76B | €119,842 | €103,042 | -€16,800 | -14.0% |
| Recurring financial income | 75 | €119,842 | €103,042 | -€16,800 | -14.0% |
| Financial charges | 65/66B | €3,485 | €3,781 | +€297 | +8.5% |
| Recurring financial charges | 65 | €3,485 | €3,781 | +€297 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €294,662 | €281,506 | -€13,156 | -4.5% |
| Income taxes | 67/77 | €42,874 | €69,020 | +€26,146 | +61.0% |
| Profit (loss) for the period | 9904 | €251,788 | €212,487 | -€39,302 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €251,788 | €212,487 | -€39,302 | -15.6% |
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.