IMMOR: 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.
IMMOR
Largest movements
- Tangible fixed assets -€22,358
down €22,358 (-11.3%), from €197,664 to €175,306
of which Land and buildings: -€22,064
- Cash -€4,013
down €4,013 (-54.1%), from €7,418 to €3,405
mainly Debts after one year (-€12,607) and Other debts (-€8,488)
- Debts after one year -€12,607
down €12,607 (-12.3%), from €102,580 to €89,973
of which Financial debts: -€12,607
- Other debts -€8,488
down €8,488 (-39.5%), from €21,495 to €13,007
- Gross operating margin -€1,832
down €1,832 (-5.5%), from €33,527 to €31,695
- Other operating charges +€659
up €659 (+10.6%), from €6,203 to €6,861
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 | €242,442 | €218,455 | -€23,987 | -9.9% |
| Fixed assets | 21/28 | €197,664 | €175,306 | -€22,358 | -11.3% |
| Tangible fixed assets | 22/27 | €197,664 | €175,306 | -€22,358 | -11.3% |
| Land and buildings | 22 | €196,501 | €174,437 | -€22,064 | -11.2% |
| Furniture and vehicles | 24 | €1,163 | €869 | -€294 | -25.3% |
| Current assets | 29/58 | €44,778 | €43,149 | -€1,629 | -3.6% |
| Amounts receivable within one year | 40/41 | €37,360 | €37,487 | +€126 | +0.3% |
| Other amounts receivable | 41 | €37,360 | €37,487 | +€126 | +0.3% |
| Cash at bank and in hand | 54/58 | €7,418 | €3,405 | -€4,013 | -54.1% |
| Deferred charges and accrued income | 490/1 | - | €2,257 | +€2,257 | |
| Total equity and liabilities | 10/49 | €242,442 | €218,455 | -€23,987 | -9.9% |
| Equity | 10/15 | €102,788 | €101,313 | -€1,474 | -1.4% |
| Contributions | 10/11 | €339,644 | €339,644 | = | 0.0% |
| Capital | 10 | €339,644 | €339,644 | = | 0.0% |
| Issued capital | 100 | €339,644 | €339,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,856 | -€238,331 | -€1,474 | -0.6% |
| Amounts payable | 17/49 | €139,654 | €117,141 | -€22,513 | -16.1% |
| Amounts payable after more than one year | 17 | €102,580 | €89,973 | -€12,607 | -12.3% |
| Financial debts | 170/4 | €100,515 | €87,908 | -€12,607 | -12.5% |
| Other amounts payable | 178/9 | €2,065 | €2,065 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,789 | €27,168 | -€8,621 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €12,251 | €12,604 | +€353 | +2.9% |
| Trade debts | 44 | €1,893 | €1,558 | -€336 | -17.7% |
| Suppliers | 440/4 | €1,893 | €1,558 | -€336 | -17.7% |
| Taxes, remuneration and social security | 45 | €150 | - | -€150 | |
| Taxes | 450/3 | €150 | - | -€150 | |
| Other amounts payable | 47/48 | €21,495 | €13,007 | -€8,488 | -39.5% |
| Accrued charges and deferred income | 492/3 | €1,285 | - | -€1,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,358 | €22,358 | = | 0.0% |
| Other operating charges | 640/8 | €6,203 | €6,861 | +€659 | +10.6% |
| Gross operating margin | 9900 | €33,527 | €31,695 | -€1,832 | -5.5% |
| Operating profit (loss) | 9901 | €4,966 | €2,476 | -€2,491 | -50.2% |
| Financial income | 75/76B | €2 | €312 | +€310 | +14476.6% |
| Recurring financial income | 75 | €2 | €312 | +€310 | +14476.6% |
| Financial charges | 65/66B | €3,740 | €3,853 | +€113 | +3.0% |
| Recurring financial charges | 65 | €3,740 | €3,853 | +€113 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,228 | -€1,066 | -€2,294 | |
| Income taxes | 67/77 | €496 | €409 | -€87 | -17.5% |
| Profit (loss) for the period | 9904 | €733 | -€1,474 | -€2,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €733 | -€1,474 | -€2,207 |
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 9 October 2026 via checked.be.