Immofusion: 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.
Immofusion
Largest movements
- Stocks and contracts +€33,187
new in 2025: €33,187
- Receivables within one year +€18,006
up €18,006 (+3.4%), from €525,625 to €543,631
of which Other amounts receivable: +€40,991
- Tangible fixed assets -€13,416
down €13,416 (-25.3%), from €53,043 to €39,628
of which Plant, machinery and equipment: -€7,305
- Intangible fixed assets -€6,455
down €6,455 (-63.7%), from €10,129 to €3,675
- Reserves -€185,856
down €185,856 (-57.6%), from €322,670 to €136,814
of which Distributable reserves: -€185,856
- Trade debts +€105,187
up €105,187 (+90.8%), from €115,786 to €220,972
- Other debts +€76,461
new in 2025: €76,461
- Short-term financial debts +€42,668
up €42,668 (+145.8%), from €29,273 to €71,941
- Gross operating margin -€527,410
down €527,410 (-67.2%), from €784,842 to €257,432
- Staff costs -€415,582
down €415,582 (-52.8%), from €787,399 to €371,817
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,612 | €631,610 | +€32,997 | +5.5% |
| Fixed assets | 21/28 | €68,173 | €48,302 | -€19,870 | -29.1% |
| Intangible fixed assets | 21 | €10,129 | €3,675 | -€6,455 | -63.7% |
| Tangible fixed assets | 22/27 | €53,043 | €39,628 | -€13,416 | -25.3% |
| Land and buildings | 22 | €30,249 | €27,800 | -€2,449 | -8.1% |
| Plant, machinery and equipment | 23 | €15,998 | €8,693 | -€7,305 | -45.7% |
| Furniture and vehicles | 24 | €6,669 | €3,134 | -€3,534 | -53.0% |
| Other tangible fixed assets | 26 | €128 | €0 | -€128 | -100.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €530,440 | €583,307 | +€52,868 | +10.0% |
| Stocks and contracts in progress | 3 | - | €33,187 | +€33,187 | |
| Contracts in progress | 37 | - | €33,187 | +€33,187 | |
| Amounts receivable within one year | 40/41 | €525,625 | €543,631 | +€18,006 | +3.4% |
| Trade receivables | 40 | €77,067 | €54,082 | -€22,985 | -29.8% |
| Other amounts receivable | 41 | €448,558 | €489,548 | +€40,991 | +9.1% |
| Cash at bank and in hand | 54/58 | €352 | €712 | +€360 | +102.4% |
| Deferred charges and accrued income | 490/1 | €4,463 | €5,778 | +€1,315 | +29.5% |
| Total equity and liabilities | 10/49 | €598,612 | €631,610 | +€32,997 | +5.5% |
| Equity | 10/15 | €335,070 | €149,214 | -€185,856 | -55.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €322,670 | €136,814 | -€185,856 | -57.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €320,810 | €134,954 | -€185,856 | -57.9% |
| Amounts payable | 17/49 | €263,542 | €482,396 | +€218,853 | +83.0% |
| Amounts payable within one year | 42/48 | €263,542 | €482,396 | +€218,853 | +83.0% |
| Financial debts | 43 | €29,273 | €71,941 | +€42,668 | +145.8% |
| Credit institutions | 430/8 | €29,273 | €71,941 | +€42,668 | +145.8% |
| Trade debts | 44 | €115,786 | €220,972 | +€105,187 | +90.8% |
| Suppliers | 440/4 | €115,786 | €220,972 | +€105,187 | +90.8% |
| Taxes, remuneration and social security | 45 | €118,484 | €113,022 | -€5,462 | -4.6% |
| Taxes | 450/3 | €44,378 | €28,816 | -€15,562 | -35.1% |
| Remuneration and social security | 454/9 | €74,105 | €84,205 | +€10,100 | +13.6% |
| Other amounts payable | 47/48 | - | €76,461 | +€76,461 | |
| Remuneration, social security and pensions | 62 | €787,399 | €371,817 | -€415,582 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,642 | €22,024 | -€1,618 | -6.8% |
| Other operating charges | 640/8 | €27,507 | €32,050 | +€4,543 | +16.5% |
| Gross operating margin | 9900 | €784,842 | €257,432 | -€527,410 | -67.2% |
| Operating profit (loss) | 9901 | -€53,706 | -€168,459 | -€114,753 | -213.7% |
| Financial income | 75/76B | €42 | €22 | -€20 | -47.8% |
| Recurring financial income | 75 | €42 | €22 | -€20 | -47.8% |
| Financial charges | 65/66B | €8,744 | €13,063 | +€4,320 | +49.4% |
| Recurring financial charges | 65 | €8,744 | €13,063 | +€4,320 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | -€62,407 | -€181,501 | -€119,093 | -190.8% |
| Income taxes | 67/77 | €983 | €4,355 | +€3,372 | +343.0% |
| Profit (loss) for the period | 9904 | -€63,391 | -€185,856 | -€122,465 | -193.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,391 | -€185,856 | -€122,465 | -193.2% |
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 12 October 2026 via checked.be.