IMMOGEN: 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.
IMMOGEN
Largest movements
- Tangible fixed assets -€31,162
down €31,162 (-6.8%), from €458,893 to €427,731
of which Furniture and vehicles: -€19,689
- Other debts -€17,695
down €17,695 (-6.8%), from €259,003 to €241,308
- Reserves -€7,151
down €7,151 (-3.7%), from €193,288 to €186,138
of which Distributable reserves: -€7,151
- Gross operating margin -€10,857
down €10,857 (-47.6%), from €22,825 to €11,968
- Depreciation -€5,645
down €5,645 (-33.0%), from €17,119 to €11,474
- Other operating charges -€373
down €373 (-13.2%), from €2,826 to €2,453
- Financial charges -€352
down €352 (-6.3%), from €5,543 to €5,191
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 | €527,862 | €498,789 | -€29,073 | -5.5% |
| Fixed assets | 21/28 | €458,893 | €427,731 | -€31,162 | -6.8% |
| Tangible fixed assets | 22/27 | €458,893 | €427,731 | -€31,162 | -6.8% |
| Land and buildings | 22 | €439,204 | €427,731 | -€11,474 | -2.6% |
| Furniture and vehicles | 24 | €19,689 | €0 | -€19,689 | -100.0% |
| Current assets | 29/58 | €68,969 | €71,058 | +€2,089 | +3.0% |
| Amounts receivable within one year | 40/41 | - | €330 | +€330 | |
| Other amounts receivable | 41 | - | €330 | +€330 | |
| Cash at bank and in hand | 54/58 | €68,969 | €70,728 | +€1,759 | +2.6% |
| Total equity and liabilities | 10/49 | €527,862 | €498,789 | -€29,073 | -5.5% |
| Equity | 10/15 | €256,006 | €248,855 | -€7,151 | -2.8% |
| Contributions | 10/11 | €62,717 | €62,717 | = | 0.0% |
| Capital | 10 | €62,717 | €62,717 | = | 0.0% |
| Issued capital | 100 | €62,717 | €62,717 | = | 0.0% |
| Reserves | 13 | €193,288 | €186,138 | -€7,151 | -3.7% |
| Non-distributable reserves | 130/1 | €6,272 | €6,272 | = | 0.0% |
| Legal reserve | 130 | €6,272 | €6,272 | = | 0.0% |
| Distributable reserves | 133 | €187,017 | €179,866 | -€7,151 | -3.8% |
| Amounts payable | 17/49 | €271,857 | €249,934 | -€21,923 | -8.1% |
| Amounts payable within one year | 42/48 | €260,047 | €241,658 | -€18,389 | -7.1% |
| Trade debts | 44 | €377 | €350 | -€28 | -7.4% |
| Suppliers | 440/4 | €377 | €350 | -€28 | -7.4% |
| Taxes, remuneration and social security | 45 | €666 | €0 | -€666 | -100.0% |
| Taxes | 450/3 | €666 | €0 | -€666 | -100.0% |
| Other amounts payable | 47/48 | €259,003 | €241,308 | -€17,695 | -6.8% |
| Accrued charges and deferred income | 492/3 | €11,810 | €8,276 | -€3,534 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,119 | €11,474 | -€5,645 | -33.0% |
| Other operating charges | 640/8 | €2,826 | €2,453 | -€373 | -13.2% |
| Gross operating margin | 9900 | €22,825 | €11,968 | -€10,857 | -47.6% |
| Operating profit (loss) | 9901 | €2,880 | -€1,959 | -€4,839 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,543 | €5,191 | -€352 | -6.3% |
| Recurring financial charges | 65 | €5,543 | €5,191 | -€352 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,663 | -€7,151 | -€4,487 | -168.5% |
| Profit (loss) for the period | 9904 | -€2,663 | -€7,151 | -€4,487 | -168.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,663 | -€7,151 | -€4,487 | -168.5% |
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 29 September 2026 via checked.be.