Immoar: 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.
Immoar
Largest movements
- Receivables within one year +€82,536
up €82,536 (+75.0%), from €110,002 to €192,538
of which Other amounts receivable: +€81,873
- Tangible fixed assets -€54,550
down €54,550 (-6.9%), from €791,801 to €737,251
of which Land and buildings: -€35,566
- Trade debts +€69,140
up €69,140 (+189.5%), from €36,485 to €105,625
- Short-term financial debts -€14,757
down €14,757 (-100.0%), from €14,760 to €3
- Debts after one year -€14,752
down €14,752 (-28.9%), from €51,127 to €36,375
of which Financial debts: -€14,752
- Gross operating margin -€54,448
down €54,448 (-37.8%), from €144,053 to €89,604
- Depreciation -€38,783
down €38,783 (-37.1%), from €104,453 to €65,670
- Other operating charges -€2,503
down €2,503 (-10.9%), from €23,029 to €20,525
- Financial income +€2,373
up €2,373, from €0 to €2,373
- Financial charges -€1,651
down €1,651 (-41.0%), from €4,027 to €2,376
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €938,229 | €974,863 | +€36,634 | +3.9% |
| Formation expenses | 20 | €35,242 | €35,242 | = | 0.0% |
| Fixed assets | 21/28 | €792,029 | €737,251 | -€54,778 | -6.9% |
| Tangible fixed assets | 22/27 | €791,801 | €737,251 | -€54,550 | -6.9% |
| Land and buildings | 22 | €717,148 | €681,582 | -€35,566 | -5.0% |
| Plant, machinery and equipment | 23 | €11,640 | €7,360 | -€4,281 | -36.8% |
| Furniture and vehicles | 24 | €63,013 | €48,309 | -€14,703 | -23.3% |
| Financial fixed assets | 28 | €228 | €0 | -€228 | -100.0% |
| Current assets | 29/58 | €110,958 | €202,370 | +€91,412 | +82.4% |
| Amounts receivable within one year | 40/41 | €110,002 | €192,538 | +€82,536 | +75.0% |
| Trade receivables | 40 | - | €663 | +€663 | |
| Other amounts receivable | 41 | €110,002 | €191,875 | +€81,873 | +74.4% |
| Cash at bank and in hand | 54/58 | €248 | €4,777 | +€4,529 | +1828.4% |
| Deferred charges and accrued income | 490/1 | €709 | €5,056 | +€4,347 | +613.2% |
| Total equity and liabilities | 10/49 | €938,229 | €974,863 | +€36,634 | +3.9% |
| Equity | 10/15 | €740,574 | €743,980 | +€3,407 | +0.5% |
| Contributions | 10/11 | €656,918 | €656,918 | = | 0.0% |
| Capital | 10 | €656,918 | €656,918 | = | 0.0% |
| Issued capital | 100 | €656,918 | €656,918 | = | 0.0% |
| Reserves | 13 | €65,692 | €65,692 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,692 | €65,692 | = | 0.0% |
| Legal reserve | 130 | €65,692 | €65,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,964 | €21,371 | +€3,407 | +19.0% |
| Provisions and deferred taxes | 16 | €70,000 | €70,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €70,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable | 17/49 | €127,656 | €160,883 | +€33,227 | +26.0% |
| Amounts payable after more than one year | 17 | €51,127 | €36,375 | -€14,752 | -28.9% |
| Financial debts | 170/4 | €40,217 | €25,465 | -€14,752 | -36.7% |
| Other amounts payable | 178/9 | €10,910 | €10,910 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,078 | €120,380 | +€46,302 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €22,833 | €14,752 | -€8,082 | -35.4% |
| Financial debts | 43 | €14,760 | €3 | -€14,757 | -100.0% |
| Credit institutions | 430/8 | €14,760 | €3 | -€14,757 | -100.0% |
| Trade debts | 44 | €36,485 | €105,625 | +€69,140 | +189.5% |
| Suppliers | 440/4 | €36,485 | €105,625 | +€69,140 | +189.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,451 | €4,128 | +€1,677 | +68.4% |
| Non-recurring operating income | 76A | €1,750 | €0 | -€1,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,453 | €65,670 | -€38,783 | -37.1% |
| Other operating charges | 640/8 | €23,029 | €20,525 | -€2,503 | -10.9% |
| Gross operating margin | 9900 | €144,053 | €89,604 | -€54,448 | -37.8% |
| Operating profit (loss) | 9901 | €16,571 | €3,409 | -€13,162 | -79.4% |
| Financial income | 75/76B | €0 | €2,373 | +€2,373 | |
| Recurring financial income | 75 | €0 | €2,373 | +€2,373 | |
| Financial charges | 65/66B | €4,027 | €2,376 | -€1,651 | -41.0% |
| Recurring financial charges | 65 | €4,027 | €2,376 | -€1,651 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €12,544 | €3,407 | -€9,137 | -72.8% |
| Profit (loss) for the period | 9904 | €12,544 | €3,407 | -€9,137 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,544 | €3,407 | -€9,137 | -72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.