IMMONTEIRO: 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.
What changed
IMMONTEIRO
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,637
2024 · €9,790-€6,153
Equity
€847,505
2024 · €843,869+€3,637
Cash
€2,109
2024 · €302+€1,807
Balance sheet total
€1.2m
2024 · €1.2m+€12,707
Largest movements
Assets
- Receivables within one year +€23,866
up €23,866 (+12.8%), from €186,087 to €209,953
of which Trade receivables: +€52,430
Equity and liabilities
- Trade debts +€38,644
up €38,644 (+59.3%), from €65,151 to €103,795
- Debts after one year -€14,494
down €14,494 (-6.1%), from €236,432 to €221,939
Income statement
- Financial charges +€3,787
up €3,787 (+13.3%), from €28,458 to €32,245
- Gross operating margin -€2,109
down €2,109 (-3.6%), from €58,948 to €56,839
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.
Result 2024
€9,790
Gross operating margin
-€2,109
Depreciation
-€48
Other operating charges
-€210
Financial charges
-€3,787
Result 2025
€3,637
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.
From operations
+€21,081
Investment
-€4,789
Financing
-€14,485
Cash 2024
€302
From operations (derived)
+€21,081
Net result for the year
+€3,637
Depreciation
+€14,068
Receivables within one year
-€23,866
Deferred charges and accrued income
+€3,687
Trade debts
+€38,644
Other debts
-€11,689
Accrued charges and deferred income
-€3,400
Investment (derived)
-€4,789
Investment in fixed assets (net)
-€4,789
Financing
-€14,485
Debts after one year
-€14,494
Current portion of long-term debt
+€8
Cash 2025
€2,109
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,231,684 | €1,244,391 | +€12,707 | +1.0% |
| Fixed assets | 21/28 | €1,004,386 | €995,107 | -€9,279 | -0.9% |
| Tangible fixed assets | 22/27 | €1,004,386 | €992,247 | -€12,139 | -1.2% |
| Land and buildings | 22 | €1,003,531 | €990,061 | -€13,469 | -1.3% |
| Plant, machinery and equipment | 23 | - | €1,881 | +€1,881 | |
| Furniture and vehicles | 24 | €856 | €305 | -€551 | -64.4% |
| Financial fixed assets | 28 | - | €2,860 | +€2,860 | |
| Current assets | 29/58 | €227,298 | €249,283 | +€21,986 | +9.7% |
| Amounts receivable within one year | 40/41 | €186,087 | €209,953 | +€23,866 | +12.8% |
| Trade receivables | 40 | €117,206 | €169,637 | +€52,430 | +44.7% |
| Other amounts receivable | 41 | €68,880 | €40,316 | -€28,565 | -41.5% |
| Cash at bank and in hand | 54/58 | €302 | €2,109 | +€1,807 | +598.4% |
| Deferred charges and accrued income | 490/1 | €40,909 | €37,222 | -€3,687 | -9.0% |
| Total equity and liabilities | 10/49 | €1,231,684 | €1,244,391 | +€12,707 | +1.0% |
| Equity | 10/15 | €843,869 | €847,505 | +€3,637 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €850,507 | €850,507 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,099 | -€23,462 | +€3,637 | +13.4% |
| Amounts payable | 17/49 | €387,815 | €396,885 | +€9,070 | +2.3% |
| Amounts payable after more than one year | 17 | €236,432 | €221,939 | -€14,494 | -6.1% |
| Financial debts | 170/4 | €236,432 | €221,939 | -€14,494 | -6.1% |
| Amounts payable within one year | 42/48 | €142,983 | €169,947 | +€26,964 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €14,485 | €14,494 | +€8 | +0.1% |
| Trade debts | 44 | €65,151 | €103,795 | +€38,644 | +59.3% |
| Suppliers | 440/4 | €65,151 | €103,795 | +€38,644 | +59.3% |
| Taxes, remuneration and social security | 45 | €26,660 | €26,660 | = | 0.0% |
| Taxes | 450/3 | €26,660 | €26,660 | = | 0.0% |
| Other amounts payable | 47/48 | €36,686 | €24,997 | -€11,689 | -31.9% |
| Accrued charges and deferred income | 492/3 | €8,400 | €5,000 | -€3,400 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,020 | €14,068 | +€48 | +0.3% |
| Other operating charges | 640/8 | €6,680 | €6,890 | +€210 | +3.1% |
| Gross operating margin | 9900 | €58,948 | €56,839 | -€2,109 | -3.6% |
| Operating profit (loss) | 9901 | €38,248 | €35,882 | -€2,366 | -6.2% |
| Financial charges | 65/66B | €28,458 | €32,245 | +€3,787 | +13.3% |
| Recurring financial charges | 65 | €28,458 | €32,245 | +€3,787 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €9,790 | €3,637 | -€6,153 | -62.9% |
| Profit (loss) for the period | 9904 | €9,790 | €3,637 | -€6,153 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,790 | €3,637 | -€6,153 | -62.9% |
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 2 October 2026 via checked.be.