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IMMONATH: 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.

What changed

IMMONATH

BE 0478.086.373
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,731
2024 · €1,723+€5,009
Equity
€184,662
2024 · €177,930+€6,731
Cash
€14,079
2024 · €3,686+€10,394
Balance sheet total
€253,091
2024 · €251,303+€1,788

Largest movements

2024 to 2025
Assets
  • Cash +€10,394

    up €10,394 (+282.0%), from €3,686 to €14,079

    mainly Depreciation (+€8,820) and Net result for the year (+€6,731)

  • Tangible fixed assets -€8,820

    down €8,820 (-3.6%), from €247,125 to €238,306

Equity and liabilities
  • Debts after one year -€10,122

    down €10,122 (-22.2%), from €45,611 to €35,490

  • Reserves +€6,731

    up €6,731 (+3.9%), from €171,730 to €178,462

    of which Distributable reserves: +€6,731

  • Tax, wage and social debts +€2,858

    up €2,858 (+221.1%), from €1,293 to €4,150

Income statement
  • Other operating charges -€4,877

    down €4,877 (-71.3%), from €6,838 to €1,961

  • Gross operating margin +€2,861

    up €2,861 (+14.5%), from €19,771 to €22,632

  • Taxes +€2,858

    up €2,858 (+221.1%), from €1,293 to €4,150

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €1,723
Gross operating margin +€2,861
Depreciation +€16
Other operating charges +€4,877
Financial income +€0
Financial charges +€113
Taxes -€2,858
Result 2025 €6,731

Cash bridge derived

cash 2024 to 2025

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.

From operations +€20,388
Investment €0
Financing -€9,994
Cash 2024 €3,686
Net result for the year +€6,731
Depreciation +€8,820
Deferred charges and accrued income -€214
Trade debts +€567
Tax, wage and social debts +€2,858
Other debts +€1,627
Debts after one year -€10,122
Current portion of long-term debt +€127
Cash 2025 €14,079
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €251,303 €253,091 +€1,788 +0.7%
Fixed assets 21/28 €247,125 €238,306 -€8,820 -3.6%
Tangible fixed assets 22/27 €247,125 €238,306 -€8,820 -3.6%
Land and buildings 22 €247,125 €238,306 -€8,820 -3.6%
Current assets 29/58 €4,178 €14,786 +€10,608 +253.9%
Cash at bank and in hand 54/58 €3,686 €14,079 +€10,394 +282.0%
Deferred charges and accrued income 490/1 €492 €706 +€214 +43.5%
Total equity and liabilities 10/49 €251,303 €253,091 +€1,788 +0.7%
Equity 10/15 €177,930 €184,662 +€6,731 +3.8%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €171,730 €178,462 +€6,731 +3.9%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €169,870 €176,602 +€6,731 +4.0%
Amounts payable 17/49 €73,373 €68,430 -€4,943 -6.7%
Amounts payable after more than one year 17 €45,611 €35,490 -€10,122 -22.2%
Financial debts 170/4 €45,611 €35,490 -€10,122 -22.2%
Amounts payable within one year 42/48 €27,762 €32,940 +€5,179 +18.7%
Current portion of amounts payable after more than one year 42 €10,833 €10,960 +€127 +1.2%
Trade debts 44 €183 €750 +€567 +309.1%
Suppliers 440/4 €183 €750 +€567 +309.1%
Taxes, remuneration and social security 45 €1,293 €4,150 +€2,858 +221.1%
Taxes 450/3 €1,293 €4,150 +€2,858 +221.1%
Other amounts payable 47/48 €15,453 €17,080 +€1,627 +10.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €8,835 €8,820 -€16 -0.2%
Other operating charges 640/8 €6,838 €1,961 -€4,877 -71.3%
Gross operating margin 9900 €19,771 €22,632 +€2,861 +14.5%
Operating profit (loss) 9901 €4,097 €11,851 +€7,753 +189.2%
Financial income 75/76B €0 €0 +€0 +33.3%
Recurring financial income 75 €0 €0 +€0 +33.3%
Financial charges 65/66B €1,082 €969 -€113 -10.5%
Recurring financial charges 65 €1,082 €969 -€113 -10.5%
Profit (loss) for the period before taxes 9903 €3,015 €10,882 +€7,867 +260.9%
Income taxes 67/77 €1,293 €4,150 +€2,858 +221.1%
Profit (loss) for the period 9904 €1,723 €6,731 +€5,009 +290.8%
Profit (loss) for the period to be appropriated 9905 €1,723 €6,731 +€5,009 +290.8%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.