IMMONEX: 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.
IMMONEX
Largest movements
- Current investments -€309,507
down €309,507 (-8.9%), from €3.5m to €3.2m
- Receivables within one year +€260,387
up €260,387 (+96.5%), from €269,697 to €530,084
of which Trade receivables: +€171,133
- Tangible fixed assets +€126,566
up €126,566 (+2.4%), from €5.2m to €5.4m
of which Assets under construction and advance payments: +€198,849
- Cash +€103,944
up €103,944 (+58.8%), from €176,626 to €280,570
mainly Depreciation (+€348,480) and Current investments (+€309,507)
- Trade debts +€146,211
up €146,211 (+425%), from €34,440 to €180,651
- Financial income +€104,077
up €104,077 (+314%), from €33,191 to €137,268
- Taxes +€23,491
up €23,491 (+42.9%), from €54,707 to €78,198
- Gross operating margin -€15,212
down €15,212 (-2.3%), from €672,672 to €657,461
- Depreciation -€7,632
down €7,632 (-2.1%), from €356,113 to €348,480
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 | €9,183,366 | €9,364,588 | +€181,223 | +2.0% |
| Fixed assets | 21/28 | €5,229,982 | €5,356,548 | +€126,566 | +2.4% |
| Tangible fixed assets | 22/27 | €5,229,982 | €5,356,548 | +€126,566 | +2.4% |
| Land and buildings | 22 | €5,013,610 | €4,818,057 | -€195,553 | -3.9% |
| Plant, machinery and equipment | 23 | €188,750 | €191,944 | +€3,193 | +1.7% |
| Furniture and vehicles | 24 | €27,622 | €147,700 | +€120,077 | +435% |
| Assets under construction and advance payments | 27 | - | €198,849 | +€198,849 | |
| Current assets | 29/58 | €3,953,383 | €4,008,040 | +€54,657 | +1.4% |
| Amounts receivable within one year | 40/41 | €269,697 | €530,084 | +€260,387 | +96.5% |
| Trade receivables | 40 | €36,244 | €207,377 | +€171,133 | +472% |
| Other amounts receivable | 41 | €233,453 | €322,707 | +€89,254 | +38.2% |
| Current investments | 50/53 | €3,492,769 | €3,183,262 | -€309,507 | -8.9% |
| Cash at bank and in hand | 54/58 | €176,626 | €280,570 | +€103,944 | +58.8% |
| Deferred charges and accrued income | 490/1 | €14,291 | €14,124 | -€167 | -1.2% |
| Total equity and liabilities | 10/49 | €9,183,366 | €9,364,588 | +€181,223 | +2.0% |
| Equity | 10/15 | €8,657,374 | €8,744,328 | +€86,954 | +1.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,122,636 | €3,205,299 | +€82,662 | +2.6% |
| Non-distributable reserves | 130/1 | €620,658 | €620,658 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Other | 1319 | €590,658 | €590,658 | = | 0.0% |
| Tax-exempt reserves | 132 | €851,979 | €775,641 | -€76,338 | -9.0% |
| Distributable reserves | 133 | €1,650,000 | €1,809,000 | +€159,000 | +9.6% |
| Profit (loss) carried forward | 14 | €5,234,738 | €5,239,029 | +€4,292 | +0.1% |
| Provisions and deferred taxes | 16 | €437,274 | €397,966 | -€39,308 | -9.0% |
| Deferred taxes | 168 | €437,274 | €397,966 | -€39,308 | -9.0% |
| Amounts payable | 17/49 | €88,718 | €222,295 | +€133,577 | +151% |
| Amounts payable within one year | 42/48 | €87,842 | €221,445 | +€133,603 | +152% |
| Financial debts | 43 | €148 | - | -€148 | |
| Other loans | 439 | €148 | - | -€148 | |
| Trade debts | 44 | €34,440 | €180,651 | +€146,211 | +425% |
| Suppliers | 440/4 | €34,440 | €180,651 | +€146,211 | +425% |
| Taxes, remuneration and social security | 45 | €53,254 | €40,794 | -€12,460 | -23.4% |
| Taxes | 450/3 | €38,830 | €26,420 | -€12,410 | -32.0% |
| Remuneration and social security | 454/9 | €14,425 | €14,374 | -€51 | -0.4% |
| Accrued charges and deferred income | 492/3 | €876 | €850 | -€26 | -3.0% |
| Remuneration, social security and pensions | 62 | €212,853 | €212,460 | -€392 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356,113 | €348,480 | -€7,632 | -2.1% |
| Other operating charges | 640/8 | €81,103 | €82,731 | +€1,628 | +2.0% |
| Gross operating margin | 9900 | €672,672 | €657,461 | -€15,212 | -2.3% |
| Operating profit (loss) | 9901 | €22,604 | €13,789 | -€8,815 | -39.0% |
| Financial income | 75/76B | €33,191 | €137,268 | +€104,077 | +314% |
| Recurring financial income | 75 | €33,191 | €137,268 | +€104,077 | +314% |
| Financial charges | 65/66B | €23,657 | €25,212 | +€1,555 | +6.6% |
| Recurring financial charges | 65 | €23,657 | €25,212 | +€1,555 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €32,137 | €125,844 | +€93,707 | +292% |
| Transfer from deferred taxes | 780 | €39,189 | €39,308 | +€119 | +0.3% |
| Income taxes | 67/77 | €54,707 | €78,198 | +€23,491 | +42.9% |
| Profit (loss) for the period | 9904 | €16,619 | €86,954 | +€70,335 | +423% |
| Transfer from tax-exempt reserves | 789 | €76,107 | €76,338 | +€231 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,726 | €163,292 | +€70,566 | +76.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.