IMMONAUS: 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.
IMMONAUS
Largest movements
- Tangible fixed assets +€286,334
up €286,334 (+174%), from €164,094 to €450,428
of which Land and buildings: +€290,435
- Cash -€49,943
down €49,943 (-94.8%), from €52,675 to €2,732
mainly Investment in fixed assets (net) (-€294,328) and Tax, wage and social debts (-€3,084)
- Deferred charges and accrued income -€9,477
no longer reported in 2025 (was €9,477)
- Receivables within one year -€8,242
down €8,242 (-45.7%), from €18,037 to €9,795
of which Other amounts receivable: -€8,717
- Debts after one year +€195,627
new in 2025: €195,627
- Current portion of long-term debt +€10,845
new in 2025: €10,845
- Profit (loss) carried forward +€9,958
up €9,958 (+11.3%), from €88,493 to €98,451
- Other debts +€5,000
new in 2025: €5,000
- Gross operating margin -€11,232
down €11,232 (-23.9%), from €46,913 to €35,681
- Depreciation +€3,893
up €3,893 (+94.9%), from €4,101 to €7,994
- Financial charges +€3,407
up €3,407 (+897%), from €380 to €3,787
- Taxes -€3,084
down €3,084 (-45.5%), from €6,782 to €3,699
- Other operating charges +€488
up €488 (+5.0%), from €9,755 to €10,243
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 | €244,284 | €462,956 | +€218,672 | +89.5% |
| Fixed assets | 21/28 | €164,094 | €450,428 | +€286,334 | +174% |
| Tangible fixed assets | 22/27 | €164,094 | €450,428 | +€286,334 | +174% |
| Land and buildings | 22 | €148,478 | €438,913 | +€290,435 | +196% |
| Furniture and vehicles | 24 | €15,616 | €11,515 | -€4,101 | -26.3% |
| Current assets | 29/58 | €80,189 | €12,527 | -€67,662 | -84.4% |
| Amounts receivable within one year | 40/41 | €18,037 | €9,795 | -€8,242 | -45.7% |
| Trade receivables | 40 | - | €475 | +€475 | |
| Other amounts receivable | 41 | €18,037 | €9,320 | -€8,717 | -48.3% |
| Cash at bank and in hand | 54/58 | €52,675 | €2,732 | -€49,943 | -94.8% |
| Deferred charges and accrued income | 490/1 | €9,477 | - | -€9,477 | |
| Total equity and liabilities | 10/49 | €244,284 | €462,956 | +€218,672 | +89.5% |
| Equity | 10/15 | €237,001 | €246,959 | +€9,958 | +4.2% |
| Contributions | 10/11 | €35,489 | €35,489 | = | 0.0% |
| Reserves | 13 | €113,020 | €113,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,539 | €1,539 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,539 | €1,539 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,231 | €72,231 | = | 0.0% |
| Distributable reserves | 133 | €39,250 | €39,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,493 | €98,451 | +€9,958 | +11.3% |
| Amounts payable | 17/49 | €7,282 | €215,996 | +€208,714 | +2,866% |
| Amounts payable after more than one year | 17 | - | €195,627 | +€195,627 | |
| Financial debts | 170/4 | - | €195,627 | +€195,627 | |
| Amounts payable within one year | 42/48 | €7,282 | €20,369 | +€13,087 | +180% |
| Current portion of amounts payable after more than one year | 42 | - | €10,845 | +€10,845 | |
| Trade debts | 44 | €500 | €826 | +€326 | +65.1% |
| Suppliers | 440/4 | €500 | €826 | +€326 | +65.1% |
| Taxes, remuneration and social security | 45 | €6,782 | €3,699 | -€3,084 | -45.5% |
| Taxes | 450/3 | €6,782 | €3,699 | -€3,084 | -45.5% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,101 | €7,994 | +€3,893 | +94.9% |
| Other operating charges | 640/8 | €9,755 | €10,243 | +€488 | +5.0% |
| Gross operating margin | 9900 | €46,913 | €35,681 | -€11,232 | -23.9% |
| Operating profit (loss) | 9901 | €33,057 | €17,444 | -€15,613 | -47.2% |
| Financial charges | 65/66B | €380 | €3,787 | +€3,407 | +897% |
| Recurring financial charges | 65 | €380 | €3,787 | +€3,407 | +897% |
| Profit (loss) for the period before taxes | 9903 | €32,677 | €13,657 | -€19,020 | -58.2% |
| Income taxes | 67/77 | €6,782 | €3,699 | -€3,084 | -45.5% |
| Profit (loss) for the period | 9904 | €25,895 | €9,958 | -€15,937 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,895 | €9,958 | -€15,937 | -61.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.