IMMONIUM: 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.
IMMONIUM
Largest movements
- Deferred charges and accrued income +€363,538
up €363,538 (+125%), from €289,691 to €653,229
- Tangible fixed assets -€88,503
down €88,503 (-2.4%), from €3.7m to €3.7m
- Cash -€59,347
down €59,347 (-59.9%), from €99,134 to €39,787
mainly Deferred charges and accrued income (-€363,538) and Debts after one year (-€203,878)
- Other debts +€209,057
up €209,057 (+12.7%), from €1.6m to €1.9m
- Debts after one year -€203,878
down €203,878 (-7.9%), from €2.6m to €2.4m
of which Financial debts: -€179,878
- Profit (loss) carried forward +€168,447
up €168,447 (+20.9%), from -€806,068 to -€637,622
- Gross operating margin +€281,376
up €281,376 (+209%), from €134,413 to €415,789
- Financial charges -€43,821
down €43,821 (-24.4%), from €179,534 to €135,713
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 | €5,470,886 | €5,691,572 | +€220,686 | +4.0% |
| Fixed assets | 21/28 | €3,746,243 | €3,657,740 | -€88,503 | -2.4% |
| Tangible fixed assets | 22/27 | €3,746,243 | €3,657,740 | -€88,503 | -2.4% |
| Land and buildings | 22 | €3,746,243 | €3,657,740 | -€88,503 | -2.4% |
| Current assets | 29/58 | €1,724,643 | €2,033,832 | +€309,188 | +17.9% |
| Stocks and contracts in progress | 3 | €1,204,680 | €1,232,359 | +€27,679 | +2.3% |
| Stocks | 30/36 | €1,204,680 | €1,232,359 | +€27,679 | +2.3% |
| Amounts receivable within one year | 40/41 | €130,876 | €108,193 | -€22,683 | -17.3% |
| Trade receivables | 40 | €93,387 | €67,937 | -€25,449 | -27.3% |
| Other amounts receivable | 41 | €37,489 | €40,256 | +€2,766 | +7.4% |
| Current investments | 50/53 | €263 | €263 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,134 | €39,787 | -€59,347 | -59.9% |
| Deferred charges and accrued income | 490/1 | €289,691 | €653,229 | +€363,538 | +125% |
| Total equity and liabilities | 10/49 | €5,470,886 | €5,691,572 | +€220,686 | +4.0% |
| Equity | 10/15 | €983,354 | €1,151,801 | +€168,447 | +17.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €772,047 | €772,047 | = | 0.0% |
| Reserves | 13 | €17,375 | €17,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,175 | €11,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€806,068 | -€637,622 | +€168,447 | +20.9% |
| Amounts payable | 17/49 | €4,487,532 | €4,539,771 | +€52,239 | +1.2% |
| Amounts payable after more than one year | 17 | €2,589,560 | €2,385,682 | -€203,878 | -7.9% |
| Financial debts | 170/4 | €2,562,310 | €2,382,432 | -€179,878 | -7.0% |
| Other amounts payable | 178/9 | €27,250 | €3,250 | -€24,000 | -88.1% |
| Amounts payable within one year | 42/48 | €1,847,460 | €2,104,577 | +€257,117 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €136,562 | €151,014 | +€14,451 | +10.6% |
| Trade debts | 44 | €1,903 | €23,312 | +€21,409 | +1,125% |
| Suppliers | 440/4 | €1,903 | €23,312 | +€21,409 | +1,125% |
| Advances received on contracts in progress | 46 | €55,323 | €67,523 | +€12,200 | +22.1% |
| Taxes, remuneration and social security | 45 | €7,475 | €7,475 | = | 0.0% |
| Remuneration and social security | 454/9 | €7,475 | €7,475 | = | 0.0% |
| Other amounts payable | 47/48 | €1,646,197 | €1,855,254 | +€209,057 | +12.7% |
| Accrued charges and deferred income | 492/3 | €50,512 | €49,512 | -€1,000 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,503 | €88,503 | +€0 | 0.0% |
| Other operating charges | 640/8 | €23,256 | €23,127 | -€129 | -0.6% |
| Gross operating margin | 9900 | €134,413 | €415,789 | +€281,376 | +209% |
| Operating profit (loss) | 9901 | €22,655 | €304,160 | +€281,505 | +1,243% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €179,534 | €135,713 | -€43,821 | -24.4% |
| Recurring financial charges | 65 | €179,534 | €135,713 | -€43,821 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€156,879 | €168,447 | +€325,326 | |
| Profit (loss) for the period | 9904 | -€156,879 | €168,447 | +€325,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€156,879 | €168,447 | +€325,326 |
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 17 October 2026 via checked.be.