IMMOJOR: 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.
IMMOJOR
Largest movements
- Tangible fixed assets -€25,556
down €25,556 (-12.1%), from €211,890 to €186,334
- Cash +€2,569
new in 2025: €2,569
- Debts after one year -€19,455
down €19,455 (-18.1%), from €107,422 to €87,967
- Other debts -€7,001
down €7,001 (-3.1%), from €222,352 to €215,351
- Profit (loss) carried forward +€2,652
up €2,652 (+1.8%), from -€147,872 to -€145,220
- Gross operating margin +€19,941
up €19,941 (+1126.6%), from €1,770 to €21,711
- Financial charges -€3,281
down €3,281 (-44.9%), from €7,300 to €4,019
- Depreciation -€351
down €351 (-2.7%), from €12,954 to €12,603
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,241 | €188,903 | -€23,338 | -11.0% |
| Fixed assets | 21/28 | €211,890 | €186,334 | -€25,556 | -12.1% |
| Tangible fixed assets | 22/27 | €211,890 | €186,334 | -€25,556 | -12.1% |
| Land and buildings | 22 | €211,890 | €186,334 | -€25,556 | -12.1% |
| Current assets | 29/58 | €351 | €2,569 | +€2,218 | +631.9% |
| Cash at bank and in hand | 54/58 | - | €2,569 | +€2,569 | |
| Deferred charges and accrued income | 490/1 | €351 | - | -€351 | |
| Total equity and liabilities | 10/49 | €212,241 | €188,903 | -€23,338 | -11.0% |
| Equity | 10/15 | -€129,272 | -€126,620 | +€2,652 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,872 | -€145,220 | +€2,652 | +1.8% |
| Amounts payable | 17/49 | €341,513 | €315,523 | -€25,990 | -7.6% |
| Amounts payable after more than one year | 17 | €107,422 | €87,967 | -€19,455 | -18.1% |
| Financial debts | 170/4 | €107,422 | €87,967 | -€19,455 | -18.1% |
| Amounts payable within one year | 42/48 | €234,091 | €227,556 | -€6,535 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,466 | €9,900 | +€1,434 | +16.9% |
| Financial debts | 43 | €812 | - | -€812 | |
| Credit institutions | 430/8 | €812 | - | -€812 | |
| Trade debts | 44 | €2,461 | €2,305 | -€156 | -6.3% |
| Suppliers | 440/4 | €2,461 | €2,305 | -€156 | -6.3% |
| Other amounts payable | 47/48 | €222,352 | €215,351 | -€7,001 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,954 | €12,603 | -€351 | -2.7% |
| Gross operating margin | 9900 | €1,770 | €21,711 | +€19,941 | +1126.6% |
| Operating profit (loss) | 9901 | -€11,184 | €9,108 | +€20,292 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €7,300 | €4,019 | -€3,281 | -44.9% |
| Recurring financial charges | 65 | €7,300 | €4,019 | -€3,281 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,471 | €5,089 | +€23,560 | |
| Profit (loss) for the period | 9904 | -€18,471 | €5,089 | +€23,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,471 | €5,089 | +€23,560 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.