IMMO NOVA: 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 NOVA
Largest movements
- Current investments +€101,601
up €101,601 (+17.1%), from €594,845 to €696,446
- Cash -€74,965
down €74,965 (-42.7%), from €175,693 to €100,728
mainly Contributions, distributions and other (-€242,000) and Debts after one year (-€107,852)
- Receivables within one year +€55,000
new in 2025: €55,000
- Other debts +€148,728
up €148,728 (+125%), from €119,257 to €267,984
- Debts after one year -€107,852
down €107,852 (-10.5%), from €1.0m to €920,432
- Gross operating margin +€12,169
up €12,169 (+3.2%), from €376,388 to €388,557
- Depreciation +€8,989
up €8,989 (+16.9%), from €53,324 to €62,313
- Financial income -€8,000
down €8,000 (-12.7%), from €63,000 to €55,000
- Other operating charges -€4,511
down €4,511 (-68.3%), from €6,608 to €2,097
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 | €3,065,375 | €3,137,790 | +€72,415 | +2.4% |
| Fixed assets | 21/28 | €2,294,837 | €2,285,617 | -€9,220 | -0.4% |
| Tangible fixed assets | 22/27 | €1,780,277 | €1,771,057 | -€9,220 | -0.5% |
| Land and buildings | 22 | €1,703,921 | €1,705,603 | +€1,683 | +0.1% |
| Plant, machinery and equipment | 23 | €74,379 | €64,405 | -€9,974 | -13.4% |
| Furniture and vehicles | 24 | €1,978 | €1,049 | -€929 | -47.0% |
| Financial fixed assets | 28 | €514,560 | €514,560 | = | 0.0% |
| Current assets | 29/58 | €770,538 | €852,173 | +€81,635 | +10.6% |
| Amounts receivable within one year | 40/41 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 41 | - | €55,000 | +€55,000 | |
| Current investments | 50/53 | €594,845 | €696,446 | +€101,601 | +17.1% |
| Cash at bank and in hand | 54/58 | €175,693 | €100,728 | -€74,965 | -42.7% |
| Total equity and liabilities | 10/49 | €3,065,375 | €3,137,790 | +€72,415 | +2.4% |
| Equity | 10/15 | €1,783,902 | €1,801,619 | +€17,716 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,717,597 | €1,735,313 | +€17,716 | +1.0% |
| Non-distributable reserves | 130/1 | €601,045 | €601,045 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €594,845 | +€594,845 | |
| Own shares acquired | 1312 | €594,845 | - | -€594,845 | |
| Distributable reserves | 133 | €1,116,552 | €1,134,268 | +€17,716 | +1.6% |
| Profit (loss) carried forward | 14 | €4,305 | €4,305 | = | 0.0% |
| Amounts payable | 17/49 | €1,281,473 | €1,336,172 | +€54,699 | +4.3% |
| Amounts payable after more than one year | 17 | €1,028,284 | €920,432 | -€107,852 | -10.5% |
| Financial debts | 170/4 | €1,028,284 | €920,432 | -€107,852 | -10.5% |
| Amounts payable within one year | 42/48 | €253,189 | €415,740 | +€162,551 | +64.2% |
| Current portion of amounts payable after more than one year | 42 | €107,206 | €107,852 | +€646 | +0.6% |
| Trade debts | 44 | €780 | €49 | -€731 | -93.7% |
| Suppliers | 440/4 | €780 | €49 | -€731 | -93.7% |
| Taxes, remuneration and social security | 45 | €25,946 | €39,855 | +€13,908 | +53.6% |
| Taxes | 450/3 | €25,946 | €39,855 | +€13,908 | +53.6% |
| Other amounts payable | 47/48 | €119,257 | €267,984 | +€148,728 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,324 | €62,313 | +€8,989 | +16.9% |
| Other operating charges | 640/8 | €6,608 | €2,097 | -€4,511 | -68.3% |
| Gross operating margin | 9900 | €376,388 | €388,557 | +€12,169 | +3.2% |
| Operating profit (loss) | 9901 | €316,456 | €324,147 | +€7,691 | +2.4% |
| Financial income | 75/76B | €63,000 | €55,000 | -€8,000 | -12.7% |
| Recurring financial income | 75 | €63,000 | €55,000 | -€8,000 | -12.7% |
| Financial charges | 65/66B | €23,859 | €22,902 | -€958 | -4.0% |
| Recurring financial charges | 65 | €23,859 | €22,902 | -€958 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €355,597 | €356,245 | +€648 | +0.2% |
| Income taxes | 67/77 | €98,826 | €96,529 | -€2,297 | -2.3% |
| Profit (loss) for the period | 9904 | €256,770 | €259,716 | +€2,946 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €256,770 | €259,716 | +€2,946 | +1.1% |
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 25 October 2026 via checked.be.