IMMOPTIMIZE: 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.
IMMOPTIMIZE
Largest movements
- Receivables within one year -€287,712
down €287,712 (-79.5%), from €361,749 to €74,037
of which Trade receivables: -€307,595
- Cash -€55,752
down €55,752 (-49.9%), from €111,776 to €56,024
mainly Accrued charges and deferred income (-€294,961) and Trade debts (-€57,537)
- Accrued charges and deferred income -€294,961
no longer reported in 2025 (was €294,961)
- Trade debts -€57,537
down €57,537 (-42.5%), from €135,442 to €77,905
- Profit (loss) carried forward +€24,847
up €24,847 (+110%), from €22,526 to €47,373
- Tax, wage and social debts -€15,596
no longer reported in 2025 (was €15,596)
- Taxes +€4,705
new in 2025: €4,705
- Gross operating margin +€4,621
up €4,621 (+18.5%), from €25,008 to €29,630
- Other operating charges -€2,564
no longer reported in 2025 (was €2,564)
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 | €473,526 | €130,279 | -€343,247 | -72.5% |
| Current assets | 29/58 | €473,526 | €130,279 | -€343,247 | -72.5% |
| Amounts receivable within one year | 40/41 | €361,749 | €74,037 | -€287,712 | -79.5% |
| Trade receivables | 40 | €359,806 | €52,211 | -€307,595 | -85.5% |
| Other amounts receivable | 41 | €1,943 | €21,826 | +€19,882 | +1,023% |
| Cash at bank and in hand | 54/58 | €111,776 | €56,024 | -€55,752 | -49.9% |
| Deferred charges and accrued income | 490/1 | - | €217 | +€217 | |
| Total equity and liabilities | 10/49 | €473,526 | €130,279 | -€343,247 | -72.5% |
| Equity | 10/15 | €27,526 | €52,373 | +€24,847 | +90.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,526 | €47,373 | +€24,847 | +110% |
| Amounts payable | 17/49 | €446,000 | €77,905 | -€368,094 | -82.5% |
| Amounts payable within one year | 42/48 | €151,038 | €77,905 | -€73,133 | -48.4% |
| Trade debts | 44 | €135,442 | €77,905 | -€57,537 | -42.5% |
| Suppliers | 440/4 | €135,442 | €77,905 | -€57,537 | -42.5% |
| Taxes, remuneration and social security | 45 | €15,596 | - | -€15,596 | |
| Taxes | 450/3 | €15,596 | - | -€15,596 | |
| Accrued charges and deferred income | 492/3 | €294,961 | - | -€294,961 | |
| Other operating charges | 640/8 | €2,564 | - | -€2,564 | |
| Gross operating margin | 9900 | €25,008 | €29,630 | +€4,621 | +18.5% |
| Operating profit (loss) | 9901 | €22,444 | €29,630 | +€7,186 | +32.0% |
| Financial income | 75/76B | €140 | €0 | -€140 | -100.0% |
| Recurring financial income | 75 | €140 | €0 | -€140 | -100.0% |
| Financial charges | 65/66B | €58 | €78 | +€20 | +34.9% |
| Recurring financial charges | 65 | €58 | €78 | +€20 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €22,526 | €29,552 | +€7,026 | +31.2% |
| Income taxes | 67/77 | - | €4,705 | +€4,705 | |
| Profit (loss) for the period | 9904 | €22,526 | €24,847 | +€2,321 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,526 | €24,847 | +€2,321 | +10.3% |
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 15 October 2026 via checked.be.