IMMINVEST: 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.
IMMINVEST
Largest movements
- Stocks and contracts +€33,113
up €33,113 (+75.9%), from €43,610 to €76,723
- Receivables within one year -€31,709
down €31,709 (-82.5%), from €38,454 to €6,745
of which Trade receivables: -€31,593
- Deferred charges and accrued income +€13,401
up €13,401 (+141.0%), from €9,506 to €22,907
- Tangible fixed assets -€7,313
down €7,313 (-14.3%), from €51,118 to €43,805
of which Plant, machinery and equipment: -€5,402
- Cash +€5,552
up €5,552 (+1447.5%), from €384 to €5,936
mainly Trade debts (+€54,194) and Tax, wage and social debts (+€38,650)
- Trade debts +€54,194
up €54,194 (+23.9%), from €227,038 to €281,232
- Profit (loss) carried forward -€51,189
down €51,189 (-9.3%), from -€548,289 to -€599,479
- Tax, wage and social debts +€38,650
up €38,650 (+14.0%), from €276,583 to €315,232
of which Remuneration and social security: +€40,387
- Advances received -€24,940
no longer reported in 2025 (was €24,940)
- Staff costs +€66,524
up €66,524 (+5.3%), from €1.2m to €1.3m
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 | €149,992 | €165,156 | +€15,164 | +10.1% |
| Fixed assets | 21/28 | €52,031 | €44,718 | -€7,313 | -14.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €51,118 | €43,805 | -€7,313 | -14.3% |
| Plant, machinery and equipment | 23 | €43,562 | €38,160 | -€5,402 | -12.4% |
| Furniture and vehicles | 24 | €7,557 | €5,645 | -€1,912 | -25.3% |
| Financial fixed assets | 28 | €913 | €913 | = | 0.0% |
| Current assets | 29/58 | €97,961 | €120,438 | +€22,478 | +22.9% |
| Stocks and contracts in progress | 3 | €43,610 | €76,723 | +€33,113 | +75.9% |
| Stocks | 30/36 | €43,610 | €76,723 | +€33,113 | +75.9% |
| Amounts receivable within one year | 40/41 | €38,454 | €6,745 | -€31,709 | -82.5% |
| Trade receivables | 40 | €35,575 | €3,982 | -€31,593 | -88.8% |
| Other amounts receivable | 41 | €2,880 | €2,763 | -€116 | -4.0% |
| Current investments | 50/53 | €6,007 | €8,128 | +€2,121 | +35.3% |
| Cash at bank and in hand | 54/58 | €384 | €5,936 | +€5,552 | +1447.5% |
| Deferred charges and accrued income | 490/1 | €9,506 | €22,907 | +€13,401 | +141.0% |
| Total equity and liabilities | 10/49 | €149,992 | €165,156 | +€15,164 | +10.1% |
| Equity | 10/15 | -€380,119 | -€431,308 | -€51,189 | -13.5% |
| Contributions | 10/11 | €168,171 | €168,171 | = | 0.0% |
| Capital | 10 | €168,171 | €168,171 | = | 0.0% |
| Issued capital | 100 | €168,171 | €168,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€548,289 | -€599,479 | -€51,189 | -9.3% |
| Amounts payable | 17/49 | €530,111 | €596,464 | +€66,354 | +12.5% |
| Amounts payable within one year | 42/48 | €528,561 | €596,464 | +€67,904 | +12.8% |
| Trade debts | 44 | €227,038 | €281,232 | +€54,194 | +23.9% |
| Suppliers | 440/4 | €227,038 | €281,232 | +€54,194 | +23.9% |
| Advances received on contracts in progress | 46 | €24,940 | - | -€24,940 | |
| Taxes, remuneration and social security | 45 | €276,583 | €315,232 | +€38,650 | +14.0% |
| Taxes | 450/3 | €22,399 | €20,661 | -€1,738 | -7.8% |
| Remuneration and social security | 454/9 | €254,184 | €294,571 | +€40,387 | +15.9% |
| Accrued charges and deferred income | 492/3 | €1,550 | - | -€1,550 | |
| Remuneration, social security and pensions | 62 | €1,243,992 | €1,310,515 | +€66,524 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,785 | €22,953 | +€1,168 | +5.4% |
| Other operating charges | 640/8 | €16,889 | €10,045 | -€6,844 | -40.5% |
| Gross operating margin | 9900 | €1,307,889 | €1,302,522 | -€5,367 | -0.4% |
| Operating profit (loss) | 9901 | €25,223 | -€40,991 | -€66,215 | |
| Financial income | 75/76B | €4 | €28 | +€25 | +702.3% |
| Recurring financial income | 75 | €4 | €28 | +€25 | +702.3% |
| Financial charges | 65/66B | €12,857 | €9,476 | -€3,381 | -26.3% |
| Recurring financial charges | 65 | €12,857 | €9,476 | -€3,381 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €12,369 | -€50,439 | -€62,809 | |
| Income taxes | 67/77 | €875 | €750 | -€125 | -14.3% |
| Profit (loss) for the period | 9904 | €11,494 | -€51,189 | -€62,684 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,494 | -€51,189 | -€62,684 |
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 7 October 2026 via checked.be.