IMMORAD: 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.
IMMORAD
Largest movements
- Tangible fixed assets -€30,353
down €30,353 (-2.9%), from €1.0m to €1.0m
of which Land and buildings: -€21,062
- Cash -€16,218
down €16,218 (-52.7%), from €30,761 to €14,543
mainly Debts after one year (-€53,138) and Other debts (-€21,344)
- Debts after one year -€53,138
down €53,138 (-5.2%), from €1.0m to €968,180
- Profit (loss) carried forward +€25,434
up €25,434 (+28.0%), from -€90,966 to -€65,531
- Other debts -€21,344
down €21,344 (-25.8%), from €82,876 to €61,533
- Gross operating margin +€86,031
up €86,031 (+818%), from €10,513 to €96,544
- Depreciation -€23,983
down €23,983 (-43.6%), from €54,977 to €30,994
- Financial charges -€6,328
down €6,328 (-13.8%), from €45,769 to €39,441
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 | €1,074,602 | €1,027,361 | -€47,240 | -4.4% |
| Formation expenses | 20 | €2,190 | €1,548 | -€642 | -29.3% |
| Fixed assets | 21/28 | €1,041,305 | €1,010,953 | -€30,353 | -2.9% |
| Tangible fixed assets | 22/27 | €1,041,305 | €1,010,953 | -€30,353 | -2.9% |
| Land and buildings | 22 | €880,957 | €859,895 | -€21,062 | -2.4% |
| Plant, machinery and equipment | 23 | €82,024 | €76,782 | -€5,242 | -6.4% |
| Furniture and vehicles | 24 | €78,324 | €74,276 | -€4,048 | -5.2% |
| Current assets | 29/58 | €31,106 | €14,860 | -€16,246 | -52.2% |
| Cash at bank and in hand | 54/58 | €30,761 | €14,543 | -€16,218 | -52.7% |
| Deferred charges and accrued income | 490/1 | €345 | €318 | -€28 | -8.0% |
| Total equity and liabilities | 10/49 | €1,074,602 | €1,027,361 | -€47,240 | -4.4% |
| Equity | 10/15 | -€88,966 | -€63,531 | +€25,434 | +28.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,966 | -€65,531 | +€25,434 | +28.0% |
| Amounts payable | 17/49 | €1,163,567 | €1,090,893 | -€72,675 | -6.2% |
| Amounts payable after more than one year | 17 | €1,021,318 | €968,180 | -€53,138 | -5.2% |
| Financial debts | 170/4 | €1,021,318 | €968,180 | -€53,138 | -5.2% |
| Amounts payable within one year | 42/48 | €142,250 | €122,649 | -€19,601 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €53,545 | €54,866 | +€1,321 | +2.5% |
| Trade debts | 44 | €132 | €768 | +€636 | +483% |
| Suppliers | 440/4 | €132 | €768 | +€636 | +483% |
| Taxes, remuneration and social security | 45 | €5,696 | €5,482 | -€214 | -3.8% |
| Taxes | 450/3 | €5,696 | €5,482 | -€214 | -3.8% |
| Other amounts payable | 47/48 | €82,876 | €61,533 | -€21,344 | -25.8% |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,977 | €30,994 | -€23,983 | -43.6% |
| Other operating charges | 640/8 | €732 | €674 | -€58 | -7.9% |
| Gross operating margin | 9900 | €10,513 | €96,544 | +€86,031 | +818% |
| Operating profit (loss) | 9901 | -€45,196 | €64,876 | +€110,072 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €45,769 | €39,441 | -€6,328 | -13.8% |
| Recurring financial charges | 65 | €45,769 | €39,441 | -€6,328 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€90,965 | €25,434 | +€116,400 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -50.0% |
| Profit (loss) for the period | 9904 | -€90,966 | €25,434 | +€116,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,966 | €25,434 | +€116,400 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.