IMMONAD: 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.
IMMONAD
Largest movements
- Cash +€113,661
up €113,661 (+59.7%), from €190,438 to €304,099
mainly Net result for the year (+€95,242) and Depreciation (+€16,068)
- Tangible fixed assets -€16,068
down €16,068 (-4.2%), from €378,927 to €362,859
- Profit (loss) carried forward +€95,242
up €95,242 (+14.3%), from €665,389 to €760,632
- Trade debts +€11,709
up €11,709 (+46.8%), from €25,007 to €36,716
- Gross operating margin -€3,971
down €3,971 (-2.5%), from €160,994 to €157,024
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 | €952,193 | €1,058,498 | +€106,305 | +11.2% |
| Fixed assets | 21/28 | €728,946 | €712,878 | -€16,068 | -2.2% |
| Tangible fixed assets | 22/27 | €378,927 | €362,859 | -€16,068 | -4.2% |
| Land and buildings | 22 | €378,927 | €362,859 | -€16,068 | -4.2% |
| Financial fixed assets | 28 | €350,018 | €350,018 | = | 0.0% |
| Current assets | 29/58 | €223,248 | €345,620 | +€122,373 | +54.8% |
| Amounts receivable within one year | 40/41 | €31,904 | €40,585 | +€8,681 | +27.2% |
| Trade receivables | 40 | €24,969 | €28,943 | +€3,974 | +15.9% |
| Other amounts receivable | 41 | €6,935 | €11,642 | +€4,707 | +67.9% |
| Cash at bank and in hand | 54/58 | €190,438 | €304,099 | +€113,661 | +59.7% |
| Deferred charges and accrued income | 490/1 | €905 | €936 | +€31 | +3.4% |
| Total equity and liabilities | 10/49 | €952,193 | €1,058,498 | +€106,305 | +11.2% |
| Equity | 10/15 | €869,902 | €965,144 | +€95,242 | +10.9% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €18,592 | €18,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €665,389 | €760,632 | +€95,242 | +14.3% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Environmental obligations | 163 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €32,292 | €43,354 | +€11,062 | +34.3% |
| Amounts payable within one year | 42/48 | €32,001 | €43,054 | +€11,053 | +34.5% |
| Trade debts | 44 | €25,007 | €36,716 | +€11,709 | +46.8% |
| Suppliers | 440/4 | €25,007 | €36,716 | +€11,709 | +46.8% |
| Taxes, remuneration and social security | 45 | €6,994 | €4,274 | -€2,721 | -38.9% |
| Taxes | 450/3 | €6,994 | €4,274 | -€2,721 | -38.9% |
| Other amounts payable | 47/48 | €0 | €2,064 | +€2,064 | |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Non-recurring operating income | 76A | €2 | €0 | -€2 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,089 | €16,068 | -€21 | -0.1% |
| Other operating charges | 640/8 | €29,074 | €29,832 | +€759 | +2.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €160,994 | €157,024 | -€3,971 | -2.5% |
| Operating profit (loss) | 9901 | €115,831 | €111,123 | -€4,708 | -4.1% |
| Financial income | 75/76B | €15,943 | €15,908 | -€35 | -0.2% |
| Recurring financial income | 75 | €15,943 | €15,908 | -€35 | -0.2% |
| Financial charges | 65/66B | €54 | €41 | -€13 | -24.8% |
| Recurring financial charges | 65 | €54 | €41 | -€13 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €131,719 | €126,990 | -€4,729 | -3.6% |
| Income taxes | 67/77 | €32,930 | €31,747 | -€1,182 | -3.6% |
| Profit (loss) for the period | 9904 | €98,789 | €95,242 | -€3,547 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,789 | €95,242 | -€3,547 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.