IMMO INARCO: 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.
IMMO INARCO
Largest movements
- Receivables within one year +€13,316
up €13,316 (+53.1%), from €25,080 to €38,396
- Cash +€12,458
up €12,458 (+75.3%), from €16,548 to €29,006
mainly Net result for the year (+€10,350) and Depreciation (+€7,540)
- Tangible fixed assets -€7,540
down €7,540 (-13.9%), from €54,308 to €46,768
- Profit (loss) carried forward +€9,832
up €9,832 (+78.1%), from €12,591 to €22,423
- Tax, wage and social debts +€4,445
up €4,445 (+196%), from €2,262 to €6,708
- Trade debts +€2,141
up €2,141 (+1,886%), from €113 to €2,254
- Gross operating margin +€7,151
up €7,151 (+36.0%), from €19,860 to €27,011
- Depreciation -€4,016
down €4,016 (-34.8%), from €11,557 to €7,540
- Taxes +€3,025
up €3,025 (+164%), from €1,841 to €4,866
- Financial income +€347
up €347 (+28.6%), from €1,213 to €1,560
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.
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 | €99,546 | €116,786 | +€17,240 | +17.3% |
| Fixed assets | 21/28 | €54,308 | €46,768 | -€7,540 | -13.9% |
| Tangible fixed assets | 22/27 | €54,308 | €46,768 | -€7,540 | -13.9% |
| Land and buildings | 22 | €54,308 | €46,768 | -€7,540 | -13.9% |
| Current assets | 29/58 | €45,238 | €70,019 | +€24,780 | +54.8% |
| Amounts receivable within one year | 40/41 | €25,080 | €38,396 | +€13,316 | +53.1% |
| Other amounts receivable | 41 | €25,080 | €38,396 | +€13,316 | +53.1% |
| Cash at bank and in hand | 54/58 | €16,548 | €29,006 | +€12,458 | +75.3% |
| Deferred charges and accrued income | 490/1 | €3,610 | €2,617 | -€993 | -27.5% |
| Total equity and liabilities | 10/49 | €99,546 | €116,786 | +€17,240 | +17.3% |
| Equity | 10/15 | €96,570 | €106,920 | +€10,350 | +10.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €22,479 | €22,997 | +€518 | +2.3% |
| Non-distributable reserves | 130/1 | €2,541 | €3,059 | +€518 | +20.4% |
| Legal reserve | 130 | - | €3,059 | +€3,059 | |
| Reserves not available under the articles | 1311 | €2,541 | - | -€2,541 | |
| Distributable reserves | 133 | €19,938 | €19,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,591 | €22,423 | +€9,832 | +78.1% |
| Amounts payable | 17/49 | €2,976 | €9,866 | +€6,890 | +232% |
| Amounts payable within one year | 42/48 | €2,376 | €8,961 | +€6,586 | +277% |
| Trade debts | 44 | €113 | €2,254 | +€2,141 | +1,886% |
| Suppliers | 440/4 | €113 | €2,254 | +€2,141 | +1,886% |
| Taxes, remuneration and social security | 45 | €2,262 | €6,708 | +€4,445 | +196% |
| Taxes | 450/3 | €2,262 | €6,708 | +€4,445 | +196% |
| Accrued charges and deferred income | 492/3 | €600 | €904 | +€304 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,557 | €7,540 | -€4,016 | -34.8% |
| Other operating charges | 640/8 | €5,723 | €5,594 | -€130 | -2.3% |
| Gross operating margin | 9900 | €19,860 | €27,011 | +€7,151 | +36.0% |
| Operating profit (loss) | 9901 | €2,580 | €13,877 | +€11,297 | +438% |
| Financial income | 75/76B | €1,213 | €1,560 | +€347 | +28.6% |
| Recurring financial income | 75 | €1,213 | €1,560 | +€347 | +28.6% |
| Financial charges | 65/66B | €381 | €221 | -€161 | -42.1% |
| Recurring financial charges | 65 | €381 | €221 | -€161 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €3,411 | €15,216 | +€11,805 | +346% |
| Income taxes | 67/77 | €1,841 | €4,866 | +€3,025 | +164% |
| Profit (loss) for the period | 9904 | €1,570 | €10,350 | +€8,780 | +559% |
| Profit (loss) for the period to be appropriated | 9905 | €1,570 | €10,350 | +€8,780 | +559% |
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 19 October 2026 via checked.be.