IMMO NOVATION: 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 NOVATION
Largest movements
- Tangible fixed assets -€6,290
down €6,290 (-5.7%), from €110,703 to €104,413
- Debts after one year -€10,277
down €10,277 (-9.4%), from €109,786 to €99,509
- Profit (loss) carried forward +€3,389
up €3,389 (+5.0%), from -€68,250 to -€64,861
- Gross operating margin -€658
down €658 (-4.6%), from €14,309 to €13,651
- Depreciation -€531
down €531 (-7.8%), from €6,821 to €6,290
- Financial charges -€262
down €262 (-7.5%), from €3,471 to €3,209
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 | €114,206 | €107,389 | -€6,817 | -6.0% |
| Fixed assets | 21/28 | €110,703 | €104,413 | -€6,290 | -5.7% |
| Tangible fixed assets | 22/27 | €110,703 | €104,413 | -€6,290 | -5.7% |
| Land and buildings | 22 | €110,703 | €104,413 | -€6,290 | -5.7% |
| Current assets | 29/58 | €3,503 | €2,976 | -€527 | -15.0% |
| Cash at bank and in hand | 54/58 | €3,503 | €2,976 | -€527 | -15.0% |
| Total equity and liabilities | 10/49 | €114,206 | €107,389 | -€6,817 | -6.0% |
| Equity | 10/15 | -€49,650 | -€46,261 | +€3,389 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€68,250 | -€64,861 | +€3,389 | +5.0% |
| Amounts payable | 17/49 | €163,856 | €153,650 | -€10,206 | -6.2% |
| Amounts payable after more than one year | 17 | €109,786 | €99,509 | -€10,277 | -9.4% |
| Financial debts | 170/4 | €109,786 | €99,509 | -€10,277 | -9.4% |
| Amounts payable within one year | 42/48 | €52,977 | €53,048 | +€71 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €10,004 | €10,277 | +€273 | +2.7% |
| Trade debts | 44 | €381 | €381 | = | 0.0% |
| Suppliers | 440/4 | €381 | €381 | = | 0.0% |
| Other amounts payable | 47/48 | €42,592 | €42,390 | -€202 | -0.5% |
| Accrued charges and deferred income | 492/3 | €1,093 | €1,093 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,821 | €6,290 | -€531 | -7.8% |
| Other operating charges | 640/8 | €740 | €763 | +€23 | +3.1% |
| Gross operating margin | 9900 | €14,309 | €13,651 | -€658 | -4.6% |
| Operating profit (loss) | 9901 | €6,748 | €6,598 | -€150 | -2.2% |
| Financial charges | 65/66B | €3,471 | €3,209 | -€262 | -7.5% |
| Recurring financial charges | 65 | €3,471 | €3,209 | -€262 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €3,277 | €3,389 | +€112 | +3.4% |
| Profit (loss) for the period | 9904 | €3,277 | €3,389 | +€112 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,277 | €3,389 | +€112 | +3.4% |
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 14 October 2026 via checked.be.