IMMOORE: 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.
IMMOORE
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+177%), from €1.3m to €3.5m
of which Land and buildings: +€2.2m
- Cash +€140,459
up €140,459 (+462%), from €30,425 to €170,885
mainly Debts after one year (+€1.1m) and Contributions, distributions and other (+€977,207)
- Reserves +€1.3m
up €1.3m (+4,328%), from €30,104 to €1.3m
of which Distributable reserves: +€1.3m
- Debts after one year +€1.1m
up €1.1m (+258%), from €445,000 to €1.6m
of which Financial debts: +€1.6m
- Profit (loss) carried forward -€540,061
down €540,061 (-100%), from €540,061 to €0
- Contributions +€285,116
up €285,116 (+102%), from €280,339 to €565,455
- Current portion of long-term debt +€214,050
new in 2025: €214,050
- Gross operating margin +€85,074
up €85,074 (+56.3%), from €151,224 to €236,298
- Depreciation +€77,256
up €77,256 (+246%), from €31,363 to €108,619
- Financial charges -€6,806
down €6,806 (-18.2%), from €37,391 to €30,584
- Other operating charges -€6,740
down €6,740 (-67.8%), from €9,939 to €3,199
- Taxes +€5,906
up €5,906 (+32.4%), from €18,235 to €24,140
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 | €1,312,766 | €3,760,144 | +€2.4m | +186% |
| Formation expenses | 20 | - | €33,084 | +€33,084 | |
| Fixed assets | 21/28 | €1,279,495 | €3,549,364 | +€2.3m | +177% |
| Tangible fixed assets | 22/27 | €1,279,495 | €3,549,364 | +€2.3m | +177% |
| Land and buildings | 22 | €1,279,495 | €3,526,919 | +€2.2m | +176% |
| Plant, machinery and equipment | 23 | - | €22,446 | +€22,446 | |
| Current assets | 29/58 | €33,271 | €177,696 | +€144,425 | +434% |
| Amounts receivable within one year | 40/41 | €2,838 | €3,443 | +€606 | +21.3% |
| Other amounts receivable | 41 | €2,838 | €3,443 | +€606 | +21.3% |
| Cash at bank and in hand | 54/58 | €30,425 | €170,885 | +€140,459 | +462% |
| Deferred charges and accrued income | 490/1 | €8 | €3,368 | +€3,360 | +40,822% |
| Total equity and liabilities | 10/49 | €1,312,766 | €3,760,144 | +€2.4m | +186% |
| Equity | 10/15 | €850,503 | €1,898,428 | +€1.0m | +123% |
| Contributions | 10/11 | €280,339 | €565,455 | +€285,116 | +102% |
| Reserves | 13 | €30,104 | €1,332,973 | +€1.3m | +4,328% |
| Tax-exempt reserves | 132 | - | €46,996 | +€46,996 | |
| Distributable reserves | 133 | €30,104 | €1,285,977 | +€1.3m | +4,172% |
| Profit (loss) carried forward | 14 | €540,061 | €0 | -€540,061 | -100% |
| Provisions and deferred taxes | 16 | - | €12,192 | +€12,192 | |
| Deferred taxes | 168 | - | €12,192 | +€12,192 | |
| Amounts payable | 17/49 | €462,262 | €1,849,523 | +€1.4m | +300% |
| Amounts payable after more than one year | 17 | €445,000 | €1,592,414 | +€1.1m | +258% |
| Financial debts | 170/4 | - | €1,575,154 | +€1.6m | |
| Other amounts payable | 178/9 | €445,000 | €17,260 | -€427,740 | -96.1% |
| Amounts payable within one year | 42/48 | €17,260 | €257,110 | +€239,850 | +1,390% |
| Current portion of amounts payable after more than one year | 42 | - | €214,050 | +€214,050 | |
| Trade debts | 44 | - | €2,668 | +€2,668 | |
| Suppliers | 440/4 | - | €2,668 | +€2,668 | |
| Taxes, remuneration and social security | 45 | - | €5,392 | +€5,392 | |
| Taxes | 450/3 | - | €5,392 | +€5,392 | |
| Other amounts payable | 47/48 | €17,260 | €35,000 | +€17,740 | +103% |
| Accrued charges and deferred income | 492/3 | €2 | €0 | -€2 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,363 | €108,619 | +€77,256 | +246% |
| Other operating charges | 640/8 | €9,939 | €3,199 | -€6,740 | -67.8% |
| Gross operating margin | 9900 | €151,224 | €236,298 | +€85,074 | +56.3% |
| Operating profit (loss) | 9901 | €109,921 | €124,480 | +€14,558 | +13.2% |
| Financial income | 75/76B | €8 | €83 | +€74 | +903% |
| Recurring financial income | 75 | €8 | €83 | +€74 | +903% |
| Non-recurring financial income | 76B | €8 | - | -€8 | |
| Financial charges | 65/66B | €37,391 | €30,584 | -€6,806 | -18.2% |
| Recurring financial charges | 65 | €37,391 | €30,584 | -€6,806 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €72,539 | €93,978 | +€21,439 | +29.6% |
| Transfer from deferred taxes | 780 | - | €880 | +€880 | |
| Income taxes | 67/77 | €18,235 | €24,140 | +€5,906 | +32.4% |
| Profit (loss) for the period | 9904 | €54,304 | €70,718 | +€16,413 | +30.2% |
| Transfer from tax-exempt reserves | 789 | - | €1,709 | +€1,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,304 | €72,427 | +€18,123 | +33.4% |
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 13 October 2026 via checked.be.