IMMOMENCH: 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.
IMMOMENCH
Largest movements
- Tangible fixed assets +€7.5m
up €7.5m (+222.7%), from €3.4m to €10.8m
of which Assets under construction and advance payments: +€7.5m
- Cash -€446,096
down €446,096 (-89.0%), from €501,224 to €55,128
mainly Investment in fixed assets (net) (-€7.5m) and Net result for the year (-€97,640)
- Short-term financial debts +€5.4m
new in 2025: €5.4m
- Debts after one year +€867,493
up €867,493 (+25.9%), from €3.4m to €4.2m
- Trade debts +€767,703
up €767,703 (+171.6%), from €447,494 to €1.2m
- Other operating charges -€45,570
down €45,570 (-97.4%), from €46,770 to €1,201
- Financial charges +€11,938
up €11,938 (+96.2%), from €12,413 to €24,352
- Gross operating margin -€6,024
down €6,024 (-9.1%), from -€66,064 to -€72,088
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 | €3,915,484 | €10,905,613 | +€7.0m | +178.5% |
| Fixed assets | 21/28 | €3,357,714 | €10,836,665 | +€7.5m | +222.7% |
| Tangible fixed assets | 22/27 | €3,357,714 | €10,836,665 | +€7.5m | +222.7% |
| Land and buildings | 22 | €130,962 | €130,962 | = | 0.0% |
| Assets under construction and advance payments | 27 | €3,226,752 | €10,705,703 | +€7.5m | +231.8% |
| Current assets | 29/58 | €557,770 | €68,948 | -€488,822 | -87.6% |
| Amounts receivable within one year | 40/41 | €29,355 | €164 | -€29,191 | -99.4% |
| Trade receivables | 40 | €29,101 | €164 | -€28,938 | -99.4% |
| Other amounts receivable | 41 | €254 | €0 | -€254 | -100.0% |
| Cash at bank and in hand | 54/58 | €501,224 | €55,128 | -€446,096 | -89.0% |
| Deferred charges and accrued income | 490/1 | €27,190 | €13,656 | -€13,534 | -49.8% |
| Total equity and liabilities | 10/49 | €3,915,484 | €10,905,613 | +€7.0m | +178.5% |
| Equity | 10/15 | €71,824 | -€25,816 | -€97,640 | |
| Contributions | 10/11 | €99,258 | €99,258 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Outside capital | 11 | €101 | €101 | = | 0.0% |
| Share premium | 1100/10 | €101 | €101 | = | 0.0% |
| Reserves | 13 | €128,040 | €128,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,124 | €118,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,474 | -€253,114 | -€97,640 | -62.8% |
| Provisions and deferred taxes | 16 | €39,375 | €39,375 | = | 0.0% |
| Deferred taxes | 168 | €39,375 | €39,375 | = | 0.0% |
| Amounts payable | 17/49 | €3,804,285 | €10,892,054 | +€7.1m | +186.3% |
| Amounts payable after more than one year | 17 | €3,350,898 | €4,218,391 | +€867,493 | +25.9% |
| Financial debts | 170/4 | €3,350,898 | €4,218,391 | +€867,493 | +25.9% |
| Amounts payable within one year | 42/48 | €447,494 | €6,621,197 | +€6.2m | +1379.6% |
| Financial debts | 43 | - | €5,406,000 | +€5.4m | |
| Credit institutions | 430/8 | - | €5,406,000 | +€5.4m | |
| Trade debts | 44 | €447,494 | €1,215,197 | +€767,703 | +171.6% |
| Suppliers | 440/4 | €447,494 | €1,215,197 | +€767,703 | +171.6% |
| Accrued charges and deferred income | 492/3 | €5,892 | €52,467 | +€46,575 | +790.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €46,770 | €1,201 | -€45,570 | -97.4% |
| Non-recurring operating charges | 66A | €8,884 | €0 | -€8,884 | -100.0% |
| Gross operating margin | 9900 | -€66,064 | -€72,088 | -€6,024 | -9.1% |
| Operating profit (loss) | 9901 | -€121,718 | -€73,288 | +€48,430 | +39.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,413 | €24,352 | +€11,938 | +96.2% |
| Recurring financial charges | 65 | €12,413 | €24,352 | +€11,938 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | -€134,132 | -€97,640 | +€36,492 | +27.2% |
| Profit (loss) for the period | 9904 | -€134,132 | -€97,640 | +€36,492 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,132 | -€97,640 | +€36,492 | +27.2% |
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 2 October 2026 via checked.be.