IMMI-GRAND: what changed
IMMI-GRAND
Largest movements
- Receivables within one year +€19,581
up €19,581 (+137%), from €14,271 to €33,851
of which Other amounts receivable: +€33,851
- Tangible fixed assets -€15,936
down €15,936 (-30.4%), from €52,439 to €36,503
of which Furniture and vehicles: -€13,923
- Cash -€8,129
down €8,129 (-39.3%), from €20,675 to €12,546
mainly Receivables within one year (-€19,581) and Debts after one year (-€7,631)
- Debts after one year -€7,631
down €7,631 (-100%), from €7,631 to €0
- Other debts -€2,225
down €2,225 (-100%), from €2,225 to €0
- Trade debts +€1,887
up €1,887 (+312%), from €605 to €2,492
- Reserves +€1,836
up €1,836 (+3.2%), from €58,257 to €60,092
of which Distributable reserves: +€1,836
- Gross operating margin -€16,809
down €16,809 (-41.2%), from €40,808 to €23,999
- Staff costs -€16,366
down €16,366 (-97.8%), from €16,739 to €373
- Depreciation -€2,463
down €2,463 (-13.4%), from €18,399 to €15,936
- Financial income +€917
up €917 (+917,110%), from €0 to €917
- Taxes +€526
up €526 (+20.0%), from €2,630 to €3,156
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,855 | €95,607 | -€5,248 | -5.2% |
| Fixed assets | 21/28 | €55,439 | €39,503 | -€15,936 | -28.7% |
| Tangible fixed assets | 22/27 | €52,439 | €36,503 | -€15,936 | -30.4% |
| Plant, machinery and equipment | 23 | €16,210 | €14,197 | -€2,013 | -12.4% |
| Furniture and vehicles | 24 | €36,229 | €22,306 | -€13,923 | -38.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €45,416 | €56,104 | +€10,688 | +23.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €10,470 | €9,707 | -€763 | -7.3% |
| Stocks | 30/36 | €10,470 | €9,707 | -€763 | -7.3% |
| Amounts receivable within one year | 40/41 | €14,271 | €33,851 | +€19,581 | +137% |
| Trade receivables | 40 | €14,271 | €0 | -€14,271 | -100% |
| Other amounts receivable | 41 | €0 | €33,851 | +€33,851 | |
| Cash at bank and in hand | 54/58 | €20,675 | €12,546 | -€8,129 | -39.3% |
| Total equity and liabilities | 10/49 | €100,855 | €95,607 | -€5,248 | -5.2% |
| Equity | 10/15 | €76,857 | €78,692 | +€1,836 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,257 | €60,092 | +€1,836 | +3.2% |
| 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 | €56,397 | €58,232 | +€1,836 | +3.3% |
| Amounts payable | 17/49 | €23,998 | €16,915 | -€7,084 | -29.5% |
| Amounts payable after more than one year | 17 | €7,631 | €0 | -€7,631 | -100% |
| Financial debts | 170/4 | €7,631 | €0 | -€7,631 | -100% |
| Amounts payable within one year | 42/48 | €16,367 | €16,150 | -€218 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €8,332 | €8,464 | +€132 | +1.6% |
| Trade debts | 44 | €605 | €2,492 | +€1,887 | +312% |
| Suppliers | 440/4 | €605 | €2,492 | +€1,887 | +312% |
| Taxes, remuneration and social security | 45 | €5,205 | €5,193 | -€12 | -0.2% |
| Taxes | 450/3 | €4,012 | €5,120 | +€1,108 | +27.6% |
| Remuneration and social security | 454/9 | €1,193 | €73 | -€1,120 | -93.8% |
| Other amounts payable | 47/48 | €2,225 | €0 | -€2,225 | -100% |
| Accrued charges and deferred income | 492/3 | - | €765 | +€765 | |
| Remuneration, social security and pensions | 62 | €16,739 | €373 | -€16,366 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,399 | €15,936 | -€2,463 | -13.4% |
| Other operating charges | 640/8 | €2,615 | €2,882 | +€267 | +10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,808 | €23,999 | -€16,809 | -41.2% |
| Operating profit (loss) | 9901 | €3,055 | €4,808 | +€1,753 | +57.4% |
| Financial income | 75/76B | €0 | €917 | +€917 | +917,110% |
| Recurring financial income | 75 | €0 | €917 | +€917 | +917,110% |
| Financial charges | 65/66B | €399 | €734 | +€335 | +84.0% |
| Recurring financial charges | 65 | €399 | €734 | +€335 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €2,657 | €4,992 | +€2,335 | +87.9% |
| Income taxes | 67/77 | €2,630 | €3,156 | +€526 | +20.0% |
| Profit (loss) for the period | 9904 | €27 | €1,836 | +€1,808 | +6,646% |
| Profit (loss) for the period to be appropriated | 9905 | €27 | €1,836 | +€1,808 | +6,646% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.