IMMOR: 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.
IMMOR
Largest movements
- Receivables after one year -€200,000
down €200,000 (-14.3%), from €1.4m to €1.2m
- Tangible fixed assets -€86,453
down €86,453 (-7.6%), from €1.1m to €1.1m
- Cash +€71,636
up €71,636 (+45.3%), from €158,218 to €229,854
mainly Receivables after one year (+€200,000) and Net result for the year (+€137,980)
- Debts after one year -€376,483
down €376,483 (-16.7%), from €2.3m to €1.9m
- Reserves +€137,980
up €137,980 (+17.3%), from €795,648 to €933,628
of which Distributable reserves: +€137,980
- Other debts +€43,475
up €43,475 (+18.6%), from €233,607 to €277,082
- Financial income -€8,000
down €8,000 (-11.8%), from €67,667 to €59,667
- Financial charges -€3,969
down €3,969 (-6.5%), from €61,085 to €57,116
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,101,590 | €3,886,773 | -€214,818 | -5.2% |
| Fixed assets | 21/28 | €2,343,372 | €2,256,919 | -€86,453 | -3.7% |
| Tangible fixed assets | 22/27 | €1,143,372 | €1,056,919 | -€86,453 | -7.6% |
| Land and buildings | 22 | €1,143,372 | €1,056,919 | -€86,453 | -7.6% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €1,758,218 | €1,629,854 | -€128,364 | -7.3% |
| Amounts receivable after more than one year | 29 | €1,400,000 | €1,200,000 | -€200,000 | -14.3% |
| Other amounts receivable | 291 | €1,400,000 | €1,200,000 | -€200,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €200,000 | €200,000 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,218 | €229,854 | +€71,636 | +45.3% |
| Total equity and liabilities | 10/49 | €4,101,590 | €3,886,773 | -€214,818 | -5.2% |
| Equity | 10/15 | €1,157,944 | €1,295,924 | +€137,980 | +11.9% |
| Contributions | 10/11 | €362,296 | €362,296 | = | 0.0% |
| Capital | 10 | €362,296 | €362,296 | = | 0.0% |
| Issued capital | 100 | €362,296 | €362,296 | = | 0.0% |
| Reserves | 13 | €795,648 | €933,628 | +€137,980 | +17.3% |
| Non-distributable reserves | 130/1 | €36,230 | €36,230 | = | 0.0% |
| Legal reserve | 130 | €36,230 | €36,230 | = | 0.0% |
| Distributable reserves | 133 | €759,418 | €897,398 | +€137,980 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,943,646 | €2,590,848 | -€352,798 | -12.0% |
| Amounts payable after more than one year | 17 | €2,256,454 | €1,879,972 | -€376,483 | -16.7% |
| Financial debts | 170/4 | €2,256,454 | €1,879,972 | -€376,483 | -16.7% |
| Amounts payable within one year | 42/48 | €686,421 | €710,877 | +€24,455 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €396,919 | €376,483 | -€20,436 | -5.1% |
| Trade debts | 44 | €3,038 | €5,629 | +€2,590 | +85.3% |
| Suppliers | 440/4 | €3,038 | €5,629 | +€2,590 | +85.3% |
| Taxes, remuneration and social security | 45 | €52,857 | €51,683 | -€1,174 | -2.2% |
| Taxes | 450/3 | €52,857 | €51,683 | -€1,174 | -2.2% |
| Other amounts payable | 47/48 | €233,607 | €277,082 | +€43,475 | +18.6% |
| Accrued charges and deferred income | 492/3 | €771 | €0 | -€771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,453 | €86,453 | = | 0.0% |
| Other operating charges | 640/8 | €17,109 | €18,680 | +€1,572 | +9.2% |
| Gross operating margin | 9900 | €295,039 | €292,246 | -€2,793 | -0.9% |
| Operating profit (loss) | 9901 | €191,477 | €187,112 | -€4,364 | -2.3% |
| Financial income | 75/76B | €67,667 | €59,667 | -€8,000 | -11.8% |
| Recurring financial income | 75 | €67,667 | €59,667 | -€8,000 | -11.8% |
| Financial charges | 65/66B | €61,085 | €57,116 | -€3,969 | -6.5% |
| Recurring financial charges | 65 | €61,085 | €57,116 | -€3,969 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €198,059 | €189,664 | -€8,395 | -4.2% |
| Income taxes | 67/77 | €52,857 | €51,683 | -€1,174 | -2.2% |
| Profit (loss) for the period | 9904 | €145,202 | €137,980 | -€7,221 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,202 | €137,980 | -€7,221 | -5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.