IMMOMAX: 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.
IMMOMAX
Largest movements
- Tangible fixed assets +€189,272
up €189,272 (+185%), from €102,265 to €291,537
of which Land and buildings: +€192,552
- Cash +€17,816
up €17,816 (+63.2%), from €28,175 to €45,991
mainly Contributions, distributions and other (+€200,000) and Net result for the year (+€26,768)
- Receivables within one year -€11,538
down €11,538 (-86.2%), from €13,379 to €1,840
of which Trade receivables: -€13,379
- Contributions +€200,000
up €200,000 (+1,075%), from €18,600 to €218,600
- Other debts -€42,090
down €42,090 (-28.9%), from €145,891 to €103,801
- Reserves +€25,000
up €25,000 (+1,043%), from €2,396 to €27,396
- Tax, wage and social debts +€9,213
up €9,213 (+128%), from €7,200 to €16,413
of which Taxes: +€6,300
- Taxes +€13,516
new in 2025: €13,516
- Gross operating margin -€9,554
down €9,554 (-15.4%), from €61,900 to €52,346
- Depreciation +€1,325
up €1,325 (+14.1%), from €9,403 to €10,728
- Financial charges -€926
down €926 (-75.8%), from €1,221 to €295
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.
Derived cash bridge
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 | €143,879 | €339,428 | +€195,549 | +136% |
| Fixed assets | 21/28 | €102,325 | €291,597 | +€189,272 | +185% |
| Tangible fixed assets | 22/27 | €102,265 | €291,537 | +€189,272 | +185% |
| Land and buildings | 22 | €93,628 | €286,181 | +€192,552 | +206% |
| Plant, machinery and equipment | 23 | €1,843 | €1,228 | -€614 | -33.3% |
| Furniture and vehicles | 24 | €6,795 | €4,128 | -€2,667 | -39.2% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €41,554 | €47,831 | +€6,278 | +15.1% |
| Amounts receivable within one year | 40/41 | €13,379 | €1,840 | -€11,538 | -86.2% |
| Trade receivables | 40 | €13,379 | - | -€13,379 | |
| Other amounts receivable | 41 | - | €1,840 | +€1,840 | |
| Cash at bank and in hand | 54/58 | €28,175 | €45,991 | +€17,816 | +63.2% |
| Total equity and liabilities | 10/49 | €143,879 | €339,428 | +€195,549 | +136% |
| Equity | 10/15 | -€9,345 | €217,423 | +€226,768 | |
| Contributions | 10/11 | €18,600 | €218,600 | +€200,000 | +1,075% |
| Reserves | 13 | €2,396 | €27,396 | +€25,000 | +1,043% |
| Distributable reserves | 133 | €2,396 | €27,396 | +€25,000 | +1,043% |
| Profit (loss) carried forward | 14 | -€30,342 | -€28,573 | +€1,768 | +5.8% |
| Amounts payable | 17/49 | €153,224 | €122,005 | -€31,219 | -20.4% |
| Amounts payable within one year | 42/48 | €153,224 | €122,005 | -€31,219 | -20.4% |
| Trade debts | 44 | €134 | €1,791 | +€1,658 | +1,242% |
| Suppliers | 440/4 | €134 | €1,791 | +€1,658 | +1,242% |
| Taxes, remuneration and social security | 45 | €7,200 | €16,413 | +€9,213 | +128% |
| Taxes | 450/3 | €7,200 | €13,500 | +€6,300 | +87.5% |
| Remuneration and social security | 454/9 | - | €2,913 | +€2,913 | |
| Other amounts payable | 47/48 | €145,891 | €103,801 | -€42,090 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,403 | €10,728 | +€1,325 | +14.1% |
| Other operating charges | 640/8 | €1,103 | €1,090 | -€13 | -1.2% |
| Gross operating margin | 9900 | €61,900 | €52,346 | -€9,554 | -15.4% |
| Operating profit (loss) | 9901 | €51,393 | €40,527 | -€10,866 | -21.1% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €1,221 | €295 | -€926 | -75.8% |
| Recurring financial charges | 65 | €1,221 | €295 | -€926 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €50,172 | €40,284 | -€9,888 | -19.7% |
| Income taxes | 67/77 | - | €13,516 | +€13,516 | |
| Profit (loss) for the period | 9904 | €50,172 | €26,768 | -€23,404 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,172 | €26,768 | -€23,404 | -46.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.