IMMONOV: 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.
IMMONOV
Largest movements
- Receivables within one year +€119,614
up €119,614 (+87.4%), from €136,924 to €256,539
of which Trade receivables: +€71,051
- Intangible fixed assets -€65,879
down €65,879 (-12.7%), from €520,432 to €454,553
- Cash +€60,624
up €60,624 (+140%), from €43,253 to €103,878
mainly Debts after one year (+€111,030) and Trade debts (+€102,404)
- Profit (loss) carried forward -€114,420
down €114,420 (-83.8%), from €136,472 to €22,053
- Debts after one year +€111,030
new in 2025: €111,030
- Trade debts +€102,404
up €102,404 (+139%), from €73,624 to €176,028
- Other debts -€20,077
down €20,077 (-6.8%), from €293,817 to €273,741
- Tax, wage and social debts +€17,183
up €17,183 (+38.8%), from €44,281 to €61,463
of which Remuneration and social security: +€27,097
- Staff costs +€156,274
up €156,274 (+46,422%), from €337 to €156,610
- Gross operating margin -€54,035
down €54,035 (-29.0%), from €186,100 to €132,065
- Taxes -€38,449
down €38,449 (-97.7%), from €39,367 to €918
- Depreciation +€22,083
up €22,083 (+40.6%), from €54,375 to €76,457
- Other operating charges +€4,217
up €4,217 (+116%), from €3,621 to €7,838
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 | €721,672 | €839,086 | +€117,415 | +16.3% |
| Fixed assets | 21/28 | €535,998 | €475,521 | -€60,477 | -11.3% |
| Intangible fixed assets | 21 | €520,432 | €454,553 | -€65,879 | -12.7% |
| Tangible fixed assets | 22/27 | €14,766 | €19,668 | +€4,902 | +33.2% |
| Plant, machinery and equipment | 23 | €847 | €478 | -€369 | -43.6% |
| Furniture and vehicles | 24 | €13,919 | €19,190 | +€5,271 | +37.9% |
| Financial fixed assets | 28 | €800 | €1,300 | +€500 | +62.5% |
| Current assets | 29/58 | €185,674 | €363,565 | +€177,891 | +95.8% |
| Amounts receivable within one year | 40/41 | €136,924 | €256,539 | +€119,614 | +87.4% |
| Trade receivables | 40 | €68,627 | €139,678 | +€71,051 | +104% |
| Other amounts receivable | 41 | €68,298 | €116,861 | +€48,563 | +71.1% |
| Cash at bank and in hand | 54/58 | €43,253 | €103,878 | +€60,624 | +140% |
| Deferred charges and accrued income | 490/1 | €5,496 | €3,149 | -€2,347 | -42.7% |
| Total equity and liabilities | 10/49 | €721,672 | €839,086 | +€117,415 | +16.3% |
| Equity | 10/15 | €297,950 | €183,530 | -€114,420 | -38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,878 | €142,878 | = | 0.0% |
| Distributable reserves | 133 | €142,878 | €142,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,472 | €22,053 | -€114,420 | -83.8% |
| Amounts payable | 17/49 | €423,722 | €655,556 | +€231,834 | +54.7% |
| Amounts payable after more than one year | 17 | - | €111,030 | +€111,030 | |
| Financial debts | 170/4 | - | €111,030 | +€111,030 | |
| Amounts payable within one year | 42/48 | €423,722 | €544,526 | +€120,804 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,294 | +€8,294 | |
| Financial debts | 43 | €12,000 | €25,000 | +€13,000 | +108% |
| Credit institutions | 430/8 | €12,000 | €25,000 | +€13,000 | +108% |
| Trade debts | 44 | €73,624 | €176,028 | +€102,404 | +139% |
| Suppliers | 440/4 | €73,624 | €176,028 | +€102,404 | +139% |
| Taxes, remuneration and social security | 45 | €44,281 | €61,463 | +€17,183 | +38.8% |
| Taxes | 450/3 | €40,703 | €30,789 | -€9,914 | -24.4% |
| Remuneration and social security | 454/9 | €3,577 | €30,674 | +€27,097 | +757% |
| Other amounts payable | 47/48 | €293,817 | €273,741 | -€20,077 | -6.8% |
| Non-recurring operating income | 76A | €3,159 | - | -€3,159 | |
| Remuneration, social security and pensions | 62 | €337 | €156,610 | +€156,274 | +46,422% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,375 | €76,457 | +€22,083 | +40.6% |
| Other operating charges | 640/8 | €3,621 | €7,838 | +€4,217 | +116% |
| Gross operating margin | 9900 | €186,100 | €132,065 | -€54,035 | -29.0% |
| Operating profit (loss) | 9901 | €127,769 | -€108,840 | -€236,609 | |
| Financial income | 75/76B | €1,184 | €3,635 | +€2,452 | +207% |
| Recurring financial income | 75 | €1,184 | €3,635 | +€2,452 | +207% |
| Financial charges | 65/66B | €7,705 | €8,297 | +€592 | +7.7% |
| Recurring financial charges | 65 | €7,705 | €8,297 | +€592 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €121,248 | -€113,502 | -€234,749 | |
| Income taxes | 67/77 | €39,367 | €918 | -€38,449 | -97.7% |
| Profit (loss) for the period | 9904 | €81,881 | -€114,420 | -€196,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,881 | -€114,420 | -€196,300 |
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 30 October 2026 via checked.be.