IMMINVEST: 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.
IMMINVEST
Largest movements
- Receivables within one year +€220,631
up €220,631 (+1,044%), from €21,138 to €241,769
of which Other amounts receivable: +€230,346
- Tangible fixed assets -€26,316
down €26,316 (-10.2%), from €257,583 to €231,267
of which Plant, machinery and equipment: -€25,309
- Short-term financial debts +€406,880
up €406,880 (+431%), from €94,508 to €501,389
of which Other loans: +€408,326
- Other debts -€92,050
down €92,050 (-72.9%), from €126,232 to €34,183
- Debts after one year -€49,954
no longer reported in 2025 (was €49,954)
- Profit (loss) carried forward -€37,632
down €37,632 (-44.9%), from -€83,787 to -€121,419
- Current portion of long-term debt -€28,364
no longer reported in 2025 (was €28,364)
- Gross operating margin -€41,743
down €41,743, from €39,484 to -€2,259
- Depreciation -€13,952
down €13,952 (-31.4%), from €44,407 to €30,455
- Financial charges -€4,178
down €4,178 (-54.5%), from €7,663 to €3,485
- Other operating charges -€2,296
down €2,296 (-63.9%), from €3,591 to €1,295
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 | €487,198 | €682,533 | +€195,335 | +40.1% |
| Fixed assets | 21/28 | €463,419 | €437,103 | -€26,316 | -5.7% |
| Tangible fixed assets | 22/27 | €257,583 | €231,267 | -€26,316 | -10.2% |
| Plant, machinery and equipment | 23 | €254,235 | €228,925 | -€25,309 | -10.0% |
| Furniture and vehicles | 24 | €3,348 | €2,342 | -€1,007 | -30.1% |
| Financial fixed assets | 28 | €205,836 | €205,836 | = | 0.0% |
| Current assets | 29/58 | €23,779 | €245,430 | +€221,651 | +932% |
| Stocks and contracts in progress | 3 | €2,425 | €1,175 | -€1,250 | -51.5% |
| Stocks | 30/36 | €2,425 | €1,175 | -€1,250 | -51.5% |
| Amounts receivable within one year | 40/41 | €21,138 | €241,769 | +€220,631 | +1,044% |
| Trade receivables | 40 | €20,272 | €10,557 | -€9,715 | -47.9% |
| Other amounts receivable | 41 | €866 | €231,212 | +€230,346 | +26,601% |
| Cash at bank and in hand | 54/58 | €96 | €1,528 | +€1,432 | +1,489% |
| Deferred charges and accrued income | 490/1 | €120 | €958 | +€838 | +697% |
| Total equity and liabilities | 10/49 | €487,198 | €682,533 | +€195,335 | +40.1% |
| Equity | 10/15 | €176,933 | €139,301 | -€37,632 | -21.3% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Capital | 10 | €245,000 | €245,000 | = | 0.0% |
| Issued capital | 100 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €15,720 | €15,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,720 | €15,720 | = | 0.0% |
| Legal reserve | 130 | €15,720 | €15,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,787 | -€121,419 | -€37,632 | -44.9% |
| Amounts payable | 17/49 | €310,265 | €543,232 | +€232,967 | +75.1% |
| Amounts payable after more than one year | 17 | €49,954 | - | -€49,954 | |
| Financial debts | 170/4 | €49,954 | - | -€49,954 | |
| Amounts payable within one year | 42/48 | €260,310 | €543,232 | +€282,922 | +109% |
| Current portion of amounts payable after more than one year | 42 | €28,364 | - | -€28,364 | |
| Financial debts | 43 | €94,508 | €501,389 | +€406,880 | +431% |
| Credit institutions | 430/8 | €1,446 | - | -€1,446 | |
| Other loans | 439 | €93,062 | €501,389 | +€408,326 | +439% |
| Trade debts | 44 | €7,249 | €5,056 | -€2,193 | -30.3% |
| Suppliers | 440/4 | €7,249 | €5,056 | -€2,193 | -30.3% |
| Taxes, remuneration and social security | 45 | €3,956 | €2,605 | -€1,351 | -34.2% |
| Taxes | 450/3 | €3,956 | €2,605 | -€1,351 | -34.2% |
| Other amounts payable | 47/48 | €126,232 | €34,183 | -€92,050 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,407 | €30,455 | -€13,952 | -31.4% |
| Other operating charges | 640/8 | €3,591 | €1,295 | -€2,296 | -63.9% |
| Gross operating margin | 9900 | €39,484 | -€2,259 | -€41,743 | |
| Operating profit (loss) | 9901 | -€8,514 | -€34,009 | -€25,495 | -299% |
| Financial income | 75/76B | €79 | €109 | +€30 | +37.8% |
| Recurring financial income | 75 | €79 | €109 | +€30 | +37.8% |
| Financial charges | 65/66B | €7,663 | €3,485 | -€4,178 | -54.5% |
| Recurring financial charges | 65 | €7,663 | €3,485 | -€4,178 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,099 | -€37,386 | -€21,287 | -132% |
| Income taxes | 67/77 | €237 | €247 | +€9 | +3.9% |
| Profit (loss) for the period | 9904 | -€16,336 | -€37,632 | -€21,296 | -130% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,336 | -€37,632 | -€21,296 | -130% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.