IMMONTREAL: 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.
IMMONTREAL
Largest movements
- Receivables within one year +€7,004
up €7,004 (+17.5%), from €40,000 to €47,004
- Tangible fixed assets -€3,885
down €3,885 (-10.5%), from €37,105 to €33,220
- Reserves +€6,197
new in 2025: €6,197
- Other debts -€2,716
no longer reported in 2025 (was €2,716)
- Profit (loss) carried forward -€2,098
down €2,098 (-22.2%), from €9,453 to €7,355
- Tax, wage and social debts +€1,744
up €1,744 (+55.5%), from €3,145 to €4,889
- Taxes -€2,148
down €2,148 (-55.2%), from €3,892 to €1,743
- Gross operating margin +€852
up €852 (+7.6%), from €11,223 to €12,075
- Other operating charges +€444
up €444 (+24.6%), from €1,809 to €2,253
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 | €77,287 | €80,801 | +€3,514 | +4.5% |
| Fixed assets | 21/28 | €37,105 | €33,220 | -€3,885 | -10.5% |
| Tangible fixed assets | 22/27 | €37,105 | €33,220 | -€3,885 | -10.5% |
| Land and buildings | 22 | €37,105 | €33,220 | -€3,885 | -10.5% |
| Current assets | 29/58 | €40,182 | €47,582 | +€7,399 | +18.4% |
| Amounts receivable within one year | 40/41 | €40,000 | €47,004 | +€7,004 | +17.5% |
| Trade receivables | 40 | €40,000 | €47,004 | +€7,004 | +17.5% |
| Cash at bank and in hand | 54/58 | €182 | €578 | +€395 | +216.6% |
| Total equity and liabilities | 10/49 | €77,287 | €80,801 | +€3,514 | +4.5% |
| Equity | 10/15 | €71,426 | €75,525 | +€4,099 | +5.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | - | €6,197 | +€6,197 | |
| Non-distributable reserves | 130/1 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | - | €6,197 | +€6,197 | |
| Profit (loss) carried forward | 14 | €9,453 | €7,355 | -€2,098 | -22.2% |
| Amounts payable | 17/49 | €5,861 | €5,276 | -€585 | -10.0% |
| Amounts payable within one year | 42/48 | €5,861 | €5,276 | -€585 | -10.0% |
| Trade debts | 44 | - | €387 | +€387 | |
| Bills of exchange payable | 441 | - | €387 | +€387 | |
| Taxes, remuneration and social security | 45 | €3,145 | €4,889 | +€1,744 | +55.5% |
| Taxes | 450/3 | €3,145 | €4,889 | +€1,744 | +55.5% |
| Other amounts payable | 47/48 | €2,716 | - | -€2,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,885 | €3,885 | = | 0.0% |
| Other operating charges | 640/8 | €1,809 | €2,253 | +€444 | +24.6% |
| Gross operating margin | 9900 | €11,223 | €12,075 | +€852 | +7.6% |
| Operating profit (loss) | 9901 | €5,529 | €5,937 | +€408 | +7.4% |
| Financial charges | 65/66B | €79 | €95 | +€16 | +20.7% |
| Recurring financial charges | 65 | €79 | €95 | +€16 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €5,451 | €5,842 | +€391 | +7.2% |
| Income taxes | 67/77 | €3,892 | €1,743 | -€2,148 | -55.2% |
| Profit (loss) for the period | 9904 | €1,559 | €4,099 | +€2,540 | +162.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,559 | €4,099 | +€2,540 | +162.9% |
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 12 October 2026 via checked.be.