IMMO SA: 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.
What changed
IMMO SA
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,082
2024 · €916-€2,998
Equity
€326,683
2024 · €328,765-€2,082
Cash
€49,678
2024 · €12,112+€37,567
Balance sheet total
€1.6m
2024 · €1.7m-€97,441
Largest movements
Assets
- Receivables after one year -€238,155
down €238,155 (-23.5%), from €1.0m to €776,815
- Stocks and contracts +€84,084
up €84,084 (+23.4%), from €358,692 to €442,775
of which Contracts in progress: +€84,084
- Cash +€37,567
up €37,567 (+310.2%), from €12,112 to €49,678
mainly Receivables after one year (+€238,155) and Depreciation (+€21,771)
Equity and liabilities
- Trade debts -€71,824
down €71,824 (-32.2%), from €223,303 to €151,479
- Debts after one year -€20,091
down €20,091 (-12.2%), from €164,201 to €144,109
of which Financial debts: -€20,091
Income statement
- Gross operating margin -€2,259
down €2,259 (-8.8%), from €25,531 to €23,272
- Financial income -€1,747
down €1,747 (-25.6%), from €6,815 to €5,068
- Taxes -€1,029
down €1,029 (-58.4%), from €1,762 to €733
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.
Result 2024
€916
Gross operating margin
-€2,259
Staff costs
+€228
Depreciation
-€60
Other operating charges
-€214
Financial income
-€1,747
Financial charges
+€24
Taxes
+€1,029
Result 2025
-€2,082
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.
From operations
+€83,306
Investment
-€25,992
Financing
-€19,748
Cash 2024
€12,112
From operations (derived)
+€83,306
Net result for the year
-€2,082
Depreciation
+€21,771
Receivables after one year
+€238,155
Stocks and contracts
-€84,084
Receivables within one year
-€16,590
Deferred charges and accrued income
+€1,747
Provisions
-€1,409
Trade debts
-€71,824
Tax, wage and social debts
-€478
Accrued charges and deferred income
-€1,900
Investment (derived)
-€25,992
Investment in fixed assets (net)
-€25,992
Financing
-€19,748
Debts after one year
-€20,091
Current portion of long-term debt
+€343
Cash 2025
€49,678
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,744,032 | €1,646,591 | -€97,441 | -5.6% |
| Fixed assets | 21/28 | €338,978 | €343,199 | +€4,221 | +1.2% |
| Tangible fixed assets | 22/27 | €338,978 | €343,199 | +€4,221 | +1.2% |
| Land and buildings | 22 | €335,874 | €316,253 | -€19,621 | -5.8% |
| Plant, machinery and equipment | 23 | €3,103 | €26,945 | +€23,842 | +768.3% |
| Current assets | 29/58 | €1,405,055 | €1,303,392 | -€101,662 | -7.2% |
| Amounts receivable after more than one year | 29 | €1,014,970 | €776,815 | -€238,155 | -23.5% |
| Other amounts receivable | 291 | €1,014,970 | €776,815 | -€238,155 | -23.5% |
| Stocks and contracts in progress | 3 | €358,692 | €442,775 | +€84,084 | +23.4% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Contracts in progress | 37 | €343,692 | €427,775 | +€84,084 | +24.5% |
| Amounts receivable within one year | 40/41 | €12,466 | €29,055 | +€16,590 | +133.1% |
| Trade receivables | 40 | €12,238 | €25,360 | +€13,121 | +107.2% |
| Other amounts receivable | 41 | €227 | €3,696 | +€3,468 | +1524.8% |
| Cash at bank and in hand | 54/58 | €12,112 | €49,678 | +€37,567 | +310.2% |
| Deferred charges and accrued income | 490/1 | €6,815 | €5,068 | -€1,747 | -25.6% |
| Total equity and liabilities | 10/49 | €1,744,032 | €1,646,591 | -€97,441 | -5.6% |
| Equity | 10/15 | €328,765 | €326,683 | -€2,082 | -0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €310,173 | €308,091 | -€2,082 | -0.7% |
| Non-distributable reserves | 130/1 | €207 | €207 | = | 0.0% |
| Reserves not available under the articles | 1311 | €207 | - | -€207 | |
| Own shares acquired | 1312 | €0 | €207 | +€207 | |
| Tax-exempt reserves | 132 | €25,913 | €21,685 | -€4,228 | -16.3% |
| Distributable reserves | 133 | €284,053 | €286,199 | +€2,146 | +0.8% |
| Provisions and deferred taxes | 16 | €5,638 | €4,228 | -€1,409 | -25.0% |
| Deferred taxes | 168 | €5,638 | €4,228 | -€1,409 | -25.0% |
| Amounts payable | 17/49 | €1,409,629 | €1,315,680 | -€93,950 | -6.7% |
| Amounts payable after more than one year | 17 | €164,201 | €144,109 | -€20,091 | -12.2% |
| Financial debts | 170/4 | €161,351 | €141,259 | -€20,091 | -12.5% |
| Other amounts payable | 178/9 | €2,850 | €2,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,243,529 | €1,171,570 | -€71,959 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €19,748 | €20,091 | +€343 | +1.7% |
| Trade debts | 44 | €223,303 | €151,479 | -€71,824 | -32.2% |
| Suppliers | 440/4 | €223,303 | €151,479 | -€71,824 | -32.2% |
| Advances received on contracts in progress | 46 | €1,000,000 | €1,000,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €478 | €0 | -€478 | -100.0% |
| Taxes | 450/3 | €262 | €0 | -€262 | -100.0% |
| Remuneration and social security | 454/9 | €216 | €0 | -€216 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,900 | €0 | -€1,900 | -100.0% |
| Non-recurring operating income | 76A | - | €1,250 | +€1,250 | |
| Remuneration, social security and pensions | 62 | €405 | €176 | -€228 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,711 | €21,771 | +€60 | +0.3% |
| Other operating charges | 640/8 | €5,757 | €5,971 | +€214 | +3.7% |
| Gross operating margin | 9900 | €25,531 | €23,272 | -€2,259 | -8.8% |
| Operating profit (loss) | 9901 | -€2,342 | -€4,646 | -€2,304 | -98.4% |
| Financial income | 75/76B | €6,815 | €5,068 | -€1,747 | -25.6% |
| Recurring financial income | 75 | €6,815 | €5,068 | -€1,747 | -25.6% |
| Financial charges | 65/66B | €3,205 | €3,180 | -€24 | -0.8% |
| Recurring financial charges | 65 | €3,205 | €3,180 | -€24 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €1,268 | -€2,758 | -€4,027 | |
| Transfer from deferred taxes | 780 | €1,409 | €1,409 | = | 0.0% |
| Income taxes | 67/77 | €1,762 | €733 | -€1,029 | -58.4% |
| Profit (loss) for the period | 9904 | €916 | -€2,082 | -€2,998 | |
| Transfer from tax-exempt reserves | 789 | €4,228 | €4,228 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,144 | €2,146 | -€2,998 | -58.3% |
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 2 October 2026 via checked.be.