Immobra: 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
Immobra
NACE 10.410, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€145,684
2024 · €1.1m-€1.2m
Equity
€10.3m
2024 · €10.5m-€145,684
Cash
€458,348
2024 · €1.2m-€717,507
Balance sheet total
€26.0m
2024 · €24.0m+€2.0m
Largest movements
Assets
- Financial fixed assets +€1.4m
up €1.4m (+22.8%), from €6.0m to €7.3m
of which Affiliated companies: +€1.4m
- Stocks and contracts +€967,365
up €967,365 (+29.9%), from €3.2m to €4.2m
- Cash -€717,507
down €717,507 (-61.0%), from €1.2m to €458,348
mainly Investment in fixed assets (net) (-€1.4m) and Stocks and contracts (-€967,365)
- Receivables within one year +€279,648
up €279,648 (+2.5%), from €11.3m to €11.5m
of which Trade receivables: +€201,354
Equity and liabilities
- Trade debts +€2.1m
up €2.1m (+26.3%), from €7.9m to €9.9m
Income statement
- Goods and materials +€2.8m
up €2.8m (+12.3%), from €22.6m to €25.4m
- Turnover +€2.0m
up €2.0m (+8.0%), from €24.9m to €26.9m
- Services and other goods +€569,999
up €569,999 (+34.3%), from €1.7m to €2.2m
- Taxes -€350,662
down €350,662 (-100.0%), from €350,826 to €165
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
€1.1m
Turnover
+€2.0m
Other operating income
-€58,859
Goods and materials
-€2.8m
Services and other goods
-€569,999
Staff costs
-€25,260
Depreciation
-€20,506
Other operating charges
-€4,715
Other operating items
-€205,593
Financial income
+€108,926
Financial charges
+€5,935
Taxes
+€350,662
Result 2025
-€145,684
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
+€718,746
Investment
-€1.4m
Financing
€0
Cash 2024
€1.2m
From operations (derived)
+€718,746
Net result for the year
-€145,684
Depreciation
+€106,627
Stocks and contracts
-€967,365
Receivables within one year
-€279,648
Deferred charges and accrued income
-€123,134
Trade debts
+€2.1m
Smaller working-capital items
-€9,326
Other debts
+€65,673
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Cash 2025
€458,348
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,029,593 | €26,011,858 | +€2.0m | +8.2% |
| Fixed assets | 21/28 | €8,348,272 | €9,677,897 | +€1.3m | +15.9% |
| Tangible fixed assets | 22/27 | €2,388,024 | €2,357,897 | -€30,127 | -1.3% |
| Land and buildings | 22 | €1,860,596 | €1,825,567 | -€35,028 | -1.9% |
| Plant, machinery and equipment | 23 | €520,939 | €463,646 | -€57,294 | -11.0% |
| Furniture and vehicles | 24 | €6,489 | €68,684 | +€62,195 | +958.5% |
| Financial fixed assets | 28 | €5,960,248 | €7,320,000 | +€1.4m | +22.8% |
| Affiliated companies | 280/1 | €5,960,000 | €7,320,000 | +€1.4m | +22.8% |
| Participating interests | 280 | €5,960,000 | €7,320,000 | +€1.4m | +22.8% |
| Other financial fixed assets | 284/8 | €248 | €0 | -€248 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €248 | €0 | -€248 | -100.0% |
| Current assets | 29/58 | €15,681,321 | €16,333,961 | +€652,640 | +4.2% |
| Stocks and contracts in progress | 3 | €3,231,145 | €4,198,510 | +€967,365 | +29.9% |
| Stocks | 30/36 | €3,231,145 | €4,198,510 | +€967,365 | +29.9% |
| Finished goods | 33 | €3,231,145 | €4,198,510 | +€967,365 | +29.9% |
| Amounts receivable within one year | 40/41 | €11,262,701 | €11,542,350 | +€279,648 | +2.5% |
| Trade receivables | 40 | €4,869,321 | €5,070,674 | +€201,354 | +4.1% |
| Other amounts receivable | 41 | €6,393,381 | €6,471,675 | +€78,295 | +1.2% |
| Current investments | 50/53 | €1,633 | €1,633 | = | 0.0% |
| Other investments | 51/53 | €1,633 | €1,633 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,175,854 | €458,348 | -€717,507 | -61.0% |
| Deferred charges and accrued income | 490/1 | €9,988 | €133,122 | +€123,134 | +1232.8% |
| Total equity and liabilities | 10/49 | €24,029,593 | €26,011,858 | +€2.0m | +8.2% |
| Equity | 10/15 | €10,480,429 | €10,334,745 | -€145,684 | -1.4% |
| Contributions | 10/11 | €2,620,016 | €2,620,016 | = | 0.0% |
| Capital | 10 | €2,483,675 | €2,483,675 | = | 0.0% |
| Issued capital | 100 | €2,483,675 | €2,483,675 | = | 0.0% |
| Outside capital | 11 | €136,341 | €136,341 | = | 0.0% |
| Share premium | 1100/10 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €1,960,455 | €1,960,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €252,933 | €252,933 | = | 0.0% |
| Legal reserve | 130 | €248,368 | €248,368 | = | 0.0% |
| Own shares acquired | 1312 | €4,566 | €4,566 | = | 0.0% |
| Tax-exempt reserves | 132 | €230,943 | €230,943 | = | 0.0% |
| Distributable reserves | 133 | €1,476,579 | €1,476,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,899,958 | €5,754,274 | -€145,684 | -2.5% |
| Amounts payable | 17/49 | €13,549,164 | €15,677,113 | +€2.1m | +15.7% |
| Amounts payable within one year | 42/48 | €13,454,991 | €15,587,873 | +€2.1m | +15.9% |
| Trade debts | 44 | €7,877,655 | €9,949,257 | +€2.1m | +26.3% |
| Suppliers | 440/4 | €7,877,655 | €9,949,257 | +€2.1m | +26.3% |
| Taxes, remuneration and social security | 45 | €116,169 | €111,776 | -€4,392 | -3.8% |
| Taxes | 450/3 | €6,692 | €2,870 | -€3,822 | -57.1% |
| Remuneration and social security | 454/9 | €109,477 | €108,906 | -€570 | -0.5% |
| Other amounts payable | 47/48 | €5,461,167 | €5,526,840 | +€65,673 | +1.2% |
| Accrued charges and deferred income | 492/3 | €94,173 | €89,240 | -€4,934 | -5.2% |
| Operating income | 70/76A | €26,454,220 | €28,183,588 | +€1.7m | +6.5% |
| Turnover | 70 | €24,919,887 | €26,913,708 | +€2.0m | +8.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,172,958 | €967,365 | -€205,593 | -17.5% |
| Other operating income | 74 | €361,375 | €302,515 | -€58,859 | -16.3% |
| Operating charges | 60/66A | €24,975,723 | €28,366,948 | +€3.4m | +13.6% |
| Goods for resale, raw materials and consumables | 60 | €22,603,296 | €25,374,041 | +€2.8m | +12.3% |
| Purchases | 600/8 | €22,603,296 | €25,374,041 | +€2.8m | +12.3% |
| Services and other goods | 61 | €1,661,860 | €2,231,859 | +€569,999 | +34.3% |
| Remuneration, social security and pensions | 62 | €517,551 | €542,811 | +€25,260 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,121 | €106,627 | +€20,506 | +23.8% |
| Other operating charges | 640/8 | €106,895 | €111,610 | +€4,715 | +4.4% |
| Operating profit (loss) | 9901 | €1,478,496 | -€183,360 | -€1.7m | |
| Financial income | 75/76B | €18,510 | €127,436 | +€108,926 | +588.5% |
| Recurring financial income | 75 | €18,510 | €127,436 | +€108,926 | +588.5% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €17,798 | €127,436 | +€109,638 | +616.0% |
| Other financial income | 752/9 | €712 | €0 | -€711 | -99.9% |
| Financial charges | 65/66B | €95,531 | €89,596 | -€5,935 | -6.2% |
| Recurring financial charges | 65 | €95,531 | €89,596 | -€5,935 | -6.2% |
| Debt charges | 650 | €93,819 | €88,326 | -€5,493 | -5.9% |
| Other financial charges | 652/9 | €1,712 | €1,270 | -€442 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €1,401,476 | -€145,519 | -€1.5m | |
| Income taxes | 67/77 | €350,826 | €165 | -€350,662 | -100.0% |
| Taxes | 670/3 | €350,826 | €165 | -€350,662 | -100.0% |
| Profit (loss) for the period | 9904 | €1,050,650 | -€145,684 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,050,650 | -€145,684 | -€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.