IMMONOEL: 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.
IMMONOEL
Largest movements
- Intangible fixed assets -€112,500
down €112,500 (-100.0%), from €112,500 to €0
- Cash +€49,602
up €49,602 (+31.2%), from €158,861 to €208,463
mainly Investment in fixed assets (net) (+€112,500) and Net result for the year (+€73,359)
- Tangible fixed assets -€39,178
down €39,178 (-8.0%), from €488,334 to €449,156
of which Land and buildings: -€29,847
- Receivables within one year -€9,295
down €9,295 (-66.6%), from €13,949 to €4,654
of which Trade receivables: -€12,329
- Debts after one year -€123,637
down €123,637 (-35.2%), from €351,637 to €228,000
of which Financial debts: -€351,637
- Profit (loss) carried forward +€73,359
up €73,359 (+59.9%), from €122,442 to €195,801
- Current portion of long-term debt -€38,505
down €38,505 (-100.0%), from €38,505 to €0
- Gross operating margin +€70,208
up €70,208 (+79.0%), from €88,897 to €159,105
- Depreciation -€38,031
down €38,031 (-49.3%), from €77,209 to €39,178
- Taxes +€21,226
up €21,226 (+13102.3%), from €162 to €21,388
- Staff costs +€3,007
new in 2025: €3,007
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 | €775,715 | €663,361 | -€112,354 | -14.5% |
| Fixed assets | 21/28 | €600,966 | €449,288 | -€151,678 | -25.2% |
| Intangible fixed assets | 21 | €112,500 | €0 | -€112,500 | -100.0% |
| Tangible fixed assets | 22/27 | €488,334 | €449,156 | -€39,178 | -8.0% |
| Land and buildings | 22 | €456,621 | €426,774 | -€29,847 | -6.5% |
| Furniture and vehicles | 24 | €31,713 | €22,382 | -€9,331 | -29.4% |
| Financial fixed assets | 28 | €132 | €132 | -€0 | -0.2% |
| Current assets | 29/58 | €174,749 | €214,073 | +€39,324 | +22.5% |
| Amounts receivable within one year | 40/41 | €13,949 | €4,654 | -€9,295 | -66.6% |
| Trade receivables | 40 | €12,529 | €200 | -€12,329 | -98.4% |
| Other amounts receivable | 41 | €1,420 | €4,454 | +€3,034 | +213.6% |
| Current investments | 50/53 | €966 | €957 | -€9 | -0.9% |
| Cash at bank and in hand | 54/58 | €158,861 | €208,463 | +€49,602 | +31.2% |
| Deferred charges and accrued income | 490/1 | €973 | €0 | -€973 | -100.0% |
| Total equity and liabilities | 10/49 | €775,715 | €663,361 | -€112,354 | -14.5% |
| Equity | 10/15 | €329,442 | €402,801 | +€73,359 | +22.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €57,000 | €57,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,442 | €195,801 | +€73,359 | +59.9% |
| Amounts payable | 17/49 | €446,273 | €260,560 | -€185,713 | -41.6% |
| Amounts payable after more than one year | 17 | €351,637 | €228,000 | -€123,637 | -35.2% |
| Financial debts | 170/4 | €351,637 | €0 | -€351,637 | -100.0% |
| Other amounts payable | 178/9 | - | €228,000 | +€228,000 | |
| Amounts payable within one year | 42/48 | €84,858 | €26,406 | -€58,452 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €38,505 | €0 | -€38,505 | -100.0% |
| Trade debts | 44 | €8,080 | €2,086 | -€5,994 | -74.2% |
| Suppliers | 440/4 | €8,080 | €2,086 | -€5,994 | -74.2% |
| Taxes, remuneration and social security | 45 | €7,200 | €0 | -€7,200 | -100.0% |
| Remuneration and social security | 454/9 | €7,200 | €0 | -€7,200 | -100.0% |
| Other amounts payable | 47/48 | €31,073 | €24,320 | -€6,753 | -21.7% |
| Accrued charges and deferred income | 492/3 | €9,778 | €6,154 | -€3,624 | -37.1% |
| Remuneration, social security and pensions | 62 | - | €3,007 | +€3,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,209 | €39,178 | -€38,031 | -49.3% |
| Other operating charges | 640/8 | €13,839 | €12,385 | -€1,454 | -10.5% |
| Gross operating margin | 9900 | €88,897 | €159,105 | +€70,208 | +79.0% |
| Operating profit (loss) | 9901 | -€2,151 | €104,534 | +€106,685 | |
| Financial income | 75/76B | €5 | €4 | -€1 | -11.4% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -11.4% |
| Financial charges | 65/66B | €8,220 | €9,792 | +€1,572 | +19.1% |
| Recurring financial charges | 65 | €8,220 | €9,792 | +€1,572 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,366 | €94,747 | +€105,113 | |
| Income taxes | 67/77 | €162 | €21,388 | +€21,226 | +13102.3% |
| Profit (loss) for the period | 9904 | -€10,528 | €73,359 | +€83,887 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,528 | €73,359 | +€83,887 |
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 10 October 2026 via checked.be.