IMMOBURG: 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
IMMOBURG
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€521,570
2024 · €408,689+€112,881
Equity
€6.6m
2024 · €6.1m+€521,570
Cash
€205,468
2024 · €206,363-€895
Balance sheet total
€7.7m
2024 · €7.2m+€498,554
Largest movements
Assets
- Receivables within one year +€263,120
up €263,120 (+23.8%), from €1.1m to €1.4m
of which Trade receivables: +€217,952
- Tangible fixed assets +€236,329
up €236,329 (+4.0%), from €5.9m to €6.2m
of which Plant, machinery and equipment: +€717,506
Equity and liabilities
- Profit (loss) carried forward +€521,570
up €521,570 (+8.9%), from €5.8m to €6.4m
Income statement
- Depreciation -€164,195
down €164,195 (-12.0%), from €1.4m to €1.2m
- Taxes +€37,982
up €37,982 (+27.9%), from €136,230 to €174,212
- Other operating income +€11,322
up €11,322 (+0.8%), from €1.4m to €1.4m
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
€408,689
Turnover
+€7,449
Other operating income
+€11,322
Services and other goods
+€6,831
Depreciation
+€164,195
Other operating charges
-€6,667
Other operating items
-€32,200
Financial charges
-€67
Taxes
-€37,982
Result 2025
€521,570
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
+€1.4m
Investment
-€1.4m
Financing
€0
Cash 2024
€206,363
From operations (derived)
+€1.4m
Net result for the year
+€521,570
Depreciation
+€1.2m
Receivables within one year
-€263,120
Trade debts
-€62,506
Tax, wage and social debts
+€39,212
Accrued charges and deferred income
+€278
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Cash 2025
€205,468
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,228,974 | €7,727,528 | +€498,554 | +6.9% |
| Fixed assets | 21/28 | €5,917,222 | €6,153,551 | +€236,329 | +4.0% |
| Tangible fixed assets | 22/27 | €5,917,222 | €6,153,551 | +€236,329 | +4.0% |
| Land and buildings | 22 | €3,084,237 | €3,000,813 | -€83,424 | -2.7% |
| Plant, machinery and equipment | 23 | €1,961,736 | €2,679,242 | +€717,506 | +36.6% |
| Furniture and vehicles | 24 | €213,788 | €166,200 | -€47,588 | -22.3% |
| Assets under construction and advance payments | 27 | €657,461 | €307,296 | -€350,164 | -53.3% |
| Current assets | 29/58 | €1,311,752 | €1,573,977 | +€262,225 | +20.0% |
| Amounts receivable within one year | 40/41 | €1,105,389 | €1,368,509 | +€263,120 | +23.8% |
| Trade receivables | 40 | €1,100,440 | €1,318,392 | +€217,952 | +19.8% |
| Other amounts receivable | 41 | €4,948 | €50,117 | +€45,168 | +912.8% |
| Cash at bank and in hand | 54/58 | €206,363 | €205,468 | -€895 | -0.4% |
| Total equity and liabilities | 10/49 | €7,228,974 | €7,727,528 | +€498,554 | +6.9% |
| Equity | 10/15 | €6,110,321 | €6,631,892 | +€521,570 | +8.5% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €24,800 | €24,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,837,521 | €6,359,092 | +€521,570 | +8.9% |
| Provisions and deferred taxes | 16 | €991,574 | €991,574 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €991,574 | €991,574 | = | 0.0% |
| Other liabilities and charges | 164/5 | €991,574 | €991,574 | = | 0.0% |
| Amounts payable | 17/49 | €127,078 | €104,062 | -€23,016 | -18.1% |
| Amounts payable within one year | 42/48 | €125,448 | €102,154 | -€23,294 | -18.6% |
| Trade debts | 44 | €109,218 | €46,712 | -€62,506 | -57.2% |
| Suppliers | 440/4 | €109,218 | €46,712 | -€62,506 | -57.2% |
| Taxes, remuneration and social security | 45 | €16,230 | €55,442 | +€39,212 | +241.6% |
| Taxes | 450/3 | €16,230 | €55,442 | +€39,212 | +241.6% |
| Accrued charges and deferred income | 492/3 | €1,630 | €1,908 | +€278 | +17.1% |
| Operating income | 70/76A | €2,275,682 | €2,262,252 | -€13,430 | -0.6% |
| Turnover | 70 | €859,303 | €866,752 | +€7,449 | +0.9% |
| Other operating income | 74 | €1,380,678 | €1,392,000 | +€11,322 | +0.8% |
| Non-recurring operating income | 76A | €35,700 | €3,500 | -€32,200 | -90.2% |
| Operating charges | 60/66A | €1,730,404 | €1,566,045 | -€164,360 | -9.5% |
| Services and other goods | 61 | €152,591 | €145,760 | -€6,831 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,368,832 | €1,204,636 | -€164,195 | -12.0% |
| Other operating charges | 640/8 | €208,982 | €215,648 | +€6,667 | +3.2% |
| Operating profit (loss) | 9901 | €545,277 | €696,207 | +€150,930 | +27.7% |
| Financial charges | 65/66B | €358 | €425 | +€67 | +18.7% |
| Recurring financial charges | 65 | €358 | €425 | +€67 | +18.7% |
| Other financial charges | 652/9 | €358 | €425 | +€67 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €544,919 | €695,782 | +€150,863 | +27.7% |
| Income taxes | 67/77 | €136,230 | €174,212 | +€37,982 | +27.9% |
| Taxes | 670/3 | €136,230 | €174,212 | +€37,982 | +27.9% |
| Profit (loss) for the period | 9904 | €408,689 | €521,570 | +€112,881 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €408,689 | €521,570 | +€112,881 | +27.6% |
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 8 October 2026 via checked.be.