IMMIVOS: 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.
IMMIVOS
Largest movements
- Cash -€308,168
down €308,168 (-66.8%), from €461,128 to €152,960
mainly Current investments (-€200,002) and Debts after one year (-€49,342)
- Current investments +€200,002
up €200,002 (+64282.3%), from €311 to €200,313
- Tangible fixed assets +€77,104
up €77,104 (+3.2%), from €2.4m to €2.5m
of which Other tangible fixed assets: +€45,250
- Financial fixed assets -€38,500
no longer reported in 2025 (was €38,500)
- Debts after one year -€49,342
down €49,342 (-9.9%), from €499,682 to €450,340
- Gross operating margin -€92,095
down €92,095 (-77.5%), from €118,824 to €26,729
- Depreciation -€35,433
no longer reported in 2025 (was €35,433)
- Financial charges -€26,276
down €26,276 (-57.7%), from €45,559 to €19,283
- Financial income -€10,727
down €10,727 (-79.0%), from €13,582 to €2,855
- Other operating charges -€7,174
down €7,174 (-21.9%), from €32,734 to €25,560
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 | €3,576,443 | €3,514,768 | -€61,676 | -1.7% |
| Fixed assets | 21/28 | €2,421,941 | €2,460,545 | +€38,604 | +1.6% |
| Tangible fixed assets | 22/27 | €2,383,441 | €2,460,545 | +€77,104 | +3.2% |
| Land and buildings | 22 | €1,783,521 | €1,815,375 | +€31,854 | +1.8% |
| Plant, machinery and equipment | 23 | €15,042 | €15,042 | = | 0.0% |
| Furniture and vehicles | 24 | €4,219 | €4,219 | = | 0.0% |
| Leasing and similar rights | 25 | €4,322 | €4,322 | = | 0.0% |
| Other tangible fixed assets | 26 | €576,339 | €621,589 | +€45,250 | +7.9% |
| Financial fixed assets | 28 | €38,500 | - | -€38,500 | |
| Current assets | 29/58 | €1,154,502 | €1,054,222 | -€100,280 | -8.7% |
| Stocks and contracts in progress | 3 | €584,390 | €618,948 | +€34,558 | +5.9% |
| Stocks | 30/36 | €584,390 | €618,948 | +€34,558 | +5.9% |
| Amounts receivable within one year | 40/41 | €106,560 | €82,002 | -€24,558 | -23.0% |
| Other amounts receivable | 41 | €106,560 | €82,002 | -€24,558 | -23.0% |
| Current investments | 50/53 | €311 | €200,313 | +€200,002 | +64282.3% |
| Cash at bank and in hand | 54/58 | €461,128 | €152,960 | -€308,168 | -66.8% |
| Deferred charges and accrued income | 490/1 | €2,113 | - | -€2,113 | |
| Total equity and liabilities | 10/49 | €3,576,443 | €3,514,768 | -€61,676 | -1.7% |
| Equity | 10/15 | €3,023,720 | €2,999,891 | -€23,829 | -0.8% |
| Contributions | 10/11 | €1,140,854 | €1,140,854 | = | 0.0% |
| Capital | 10 | €1,140,854 | €1,140,854 | = | 0.0% |
| Issued capital | 100 | €1,140,854 | €1,140,854 | = | 0.0% |
| Reserves | 13 | €1,882,865 | €1,882,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €168,085 | €168,085 | = | 0.0% |
| Legal reserve | 130 | €168,085 | €168,085 | = | 0.0% |
| Distributable reserves | 133 | €1,714,780 | €1,714,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,829 | -€23,829 | |
| Amounts payable | 17/49 | €552,724 | €514,877 | -€37,847 | -6.8% |
| Amounts payable after more than one year | 17 | €499,682 | €450,340 | -€49,342 | -9.9% |
| Financial debts | 170/4 | €499,682 | €450,340 | -€49,342 | -9.9% |
| Amounts payable within one year | 42/48 | €52,409 | €63,962 | +€11,553 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €40,107 | €40,917 | +€810 | +2.0% |
| Trade debts | 44 | €7,873 | €13,718 | +€5,845 | +74.2% |
| Suppliers | 440/4 | €7,873 | €13,718 | +€5,845 | +74.2% |
| Taxes, remuneration and social security | 45 | €4,428 | €2,798 | -€1,631 | -36.8% |
| Taxes | 450/3 | €4,428 | €2,798 | -€1,631 | -36.8% |
| Other amounts payable | 47/48 | - | €6,528 | +€6,528 | |
| Accrued charges and deferred income | 492/3 | €633 | €575 | -€58 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,433 | - | -€35,433 | |
| Other operating charges | 640/8 | €32,734 | €25,560 | -€7,174 | -21.9% |
| Gross operating margin | 9900 | €118,824 | €26,729 | -€92,095 | -77.5% |
| Operating profit (loss) | 9901 | €50,656 | €1,168 | -€49,488 | -97.7% |
| Financial income | 75/76B | €13,582 | €2,855 | -€10,727 | -79.0% |
| Recurring financial income | 75 | €13,582 | €2,855 | -€10,727 | -79.0% |
| Financial charges | 65/66B | €45,559 | €19,283 | -€26,276 | -57.7% |
| Recurring financial charges | 65 | €45,559 | €19,283 | -€26,276 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €18,680 | -€15,259 | -€33,939 | |
| Income taxes | 67/77 | €11,224 | €8,569 | -€2,655 | -23.7% |
| Profit (loss) for the period | 9904 | €7,456 | -€23,829 | -€31,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,456 | -€23,829 | -€31,284 |
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 6 October 2026 via checked.be.