IMMONIC: 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.
IMMONIC
Largest movements
- Financial fixed assets -€29,000
down €29,000 (-33.3%), from €87,170 to €58,170
- Tangible fixed assets -€27,964
down €27,964 (-4.6%), from €604,724 to €576,760
of which Land and buildings: -€22,950
- Cash +€17,117
up €17,117 (+464.3%), from €3,687 to €20,804
mainly Depreciation (+€33,619) and Investment in fixed assets (net) (+€23,345)
- Debts after one year -€39,169
no longer reported in 2025 (was €39,169)
- Tax, wage and social debts +€16,725
up €16,725 (+143.9%), from €11,620 to €28,345
- Short-term financial debts -€13,000
no longer reported in 2025 (was €13,000)
- Current portion of long-term debt -€11,287
down €11,287 (-22.4%), from €50,456 to €39,169
- Other debts +€7,132
up €7,132 (+6.0%), from €118,796 to €125,928
- Turnover -€163,570
down €163,570 (-99.9%), from €163,717 to €148
- Financial charges +€26,822
up €26,822 (+382.3%), from €7,017 to €33,838
of which Non-recurring financial charges: +€28,942
- Staff costs -€13,267
no longer reported in 2025 (was €13,267)
- Gross operating margin -€9,878
down €9,878 (-7.7%), from €128,293 to €118,415
- Purchases and services -€7,248
down €7,248 (-20.5%), from €35,424 to €28,176
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 | €695,580 | €656,233 | -€39,346 | -5.7% |
| Fixed assets | 21/28 | €691,893 | €634,930 | -€56,964 | -8.2% |
| Tangible fixed assets | 22/27 | €604,724 | €576,760 | -€27,964 | -4.6% |
| Land and buildings | 22 | €544,193 | €521,243 | -€22,950 | -4.2% |
| Other tangible fixed assets | 26 | €60,530 | €55,517 | -€5,014 | -8.3% |
| Financial fixed assets | 28 | €87,170 | €58,170 | -€29,000 | -33.3% |
| Current assets | 29/58 | €3,687 | €21,304 | +€17,617 | +477.9% |
| Cash at bank and in hand | 54/58 | €3,687 | €20,804 | +€17,117 | +464.3% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €695,580 | €656,233 | -€39,346 | -5.7% |
| Equity | 10/15 | €408,962 | €416,630 | +€7,668 | +1.9% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €91,630 | €98,416 | +€6,786 | +7.4% |
| Non-distributable reserves | 130/1 | €12,100 | €13,000 | +€900 | +7.4% |
| Legal reserve | 130 | €12,100 | €13,000 | +€900 | +7.4% |
| Tax-exempt reserves | 132 | €79,530 | €75,416 | -€4,114 | -5.2% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €168,596 | €169,477 | +€882 | +0.5% |
| Provisions and deferred taxes | 16 | €40,970 | €38,851 | -€2,119 | -5.2% |
| Deferred taxes | 168 | €40,970 | €38,851 | -€2,119 | -5.2% |
| Amounts payable | 17/49 | €245,648 | €200,753 | -€44,895 | -18.3% |
| Amounts payable after more than one year | 17 | €39,169 | - | -€39,169 | |
| Financial debts | 170/4 | €39,169 | - | -€39,169 | |
| Amounts payable within one year | 42/48 | €206,479 | €199,403 | -€7,076 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €50,456 | €39,169 | -€11,287 | -22.4% |
| Financial debts | 43 | €13,000 | - | -€13,000 | |
| Credit institutions | 430/8 | €13,000 | - | -€13,000 | |
| Trade debts | 44 | €12,606 | €5,961 | -€6,646 | -52.7% |
| Suppliers | 440/4 | €12,606 | €5,961 | -€6,646 | -52.7% |
| Taxes, remuneration and social security | 45 | €11,620 | €28,345 | +€16,725 | +143.9% |
| Taxes | 450/3 | €11,620 | €28,345 | +€16,725 | +143.9% |
| Other amounts payable | 47/48 | €118,796 | €125,928 | +€7,132 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Turnover | 70 | €163,717 | €148 | -€163,570 | -99.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,424 | €28,176 | -€7,248 | -20.5% |
| Remuneration, social security and pensions | 62 | €13,267 | - | -€13,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,081 | €33,619 | +€538 | +1.6% |
| Other operating charges | 640/8 | €27,969 | €28,684 | +€715 | +2.6% |
| Gross operating margin | 9900 | €128,293 | €118,415 | -€9,878 | -7.7% |
| Operating profit (loss) | 9901 | €53,976 | €56,112 | +€2,136 | +4.0% |
| Financial charges | 65/66B | €7,017 | €33,838 | +€26,822 | +382.3% |
| Recurring financial charges | 65 | €6,959 | €4,838 | -€2,120 | -30.5% |
| Non-recurring financial charges | 66B | €58 | €29,000 | +€28,942 | +49900.0% |
| Profit (loss) for the period before taxes | 9903 | €46,959 | €22,274 | -€24,686 | -52.6% |
| Transfer from deferred taxes | 780 | €2,119 | €2,119 | = | 0.0% |
| Income taxes | 67/77 | €11,620 | €16,725 | +€5,105 | +43.9% |
| Profit (loss) for the period | 9904 | €37,459 | €7,668 | -€29,791 | -79.5% |
| Transfer from tax-exempt reserves | 789 | €4,114 | €4,114 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,572 | €11,782 | -€29,791 | -71.7% |
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 28 September 2026 via checked.be.