IMMORAM: 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.
IMMORAM
Largest movements
- Cash -€22,789
down €22,789 (-33.6%), from €67,770 to €44,981
mainly Net result for the year (-€29,521) and Debts after one year (-€20,004)
- Receivables within one year -€17,156
down €17,156 (-73.1%), from €23,457 to €6,301
- Tangible fixed assets -€16,193
down €16,193 (-3.5%), from €462,301 to €446,108
of which Land and buildings: -€16,794
- Profit (loss) carried forward -€29,521
down €29,521 (-11.1%), from €266,899 to €237,378
- Debts after one year -€20,004
down €20,004 (-15.6%), from €128,303 to €108,299
- Current portion of long-term debt -€6,786
down €6,786 (-25.3%), from €26,790 to €20,004
- Gross operating margin +€11,584
up €11,584 (+222.2%), from €5,212 to €16,797
- Other operating charges +€9,145
up €9,145 (+101.2%), from €9,034 to €18,179
- Depreciation -€8,370
down €8,370 (-33.0%), from €25,376 to €17,006
- Taxes +€6,534
new in 2023: €6,534
- Financial income +€1,325
up €1,325 (+117279.6%), from €1 to €1,326
of which Non-recurring financial income: +€1,325
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,104 | €501,361 | -€61,742 | -11.0% |
| Fixed assets | 21/28 | €462,301 | €446,108 | -€16,193 | -3.5% |
| Tangible fixed assets | 22/27 | €462,301 | €446,108 | -€16,193 | -3.5% |
| Land and buildings | 22 | €462,301 | €445,507 | -€16,794 | -3.6% |
| Plant, machinery and equipment | 23 | - | €601 | +€601 | |
| Current assets | 29/58 | €100,803 | €55,253 | -€45,550 | -45.2% |
| Amounts receivable within one year | 40/41 | €23,457 | €6,301 | -€17,156 | -73.1% |
| Other amounts receivable | 41 | €23,457 | €6,301 | -€17,156 | -73.1% |
| Cash at bank and in hand | 54/58 | €67,770 | €44,981 | -€22,789 | -33.6% |
| Deferred charges and accrued income | 490/1 | €9,576 | €3,971 | -€5,605 | -58.5% |
| Total equity and liabilities | 10/49 | €563,104 | €501,361 | -€61,742 | -11.0% |
| Equity | 10/15 | €335,099 | €305,578 | -€29,521 | -8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,899 | €237,378 | -€29,521 | -11.1% |
| Amounts payable | 17/49 | €228,005 | €195,783 | -€32,222 | -14.1% |
| Amounts payable after more than one year | 17 | €128,303 | €108,299 | -€20,004 | -15.6% |
| Financial debts | 170/4 | €128,303 | €108,299 | -€20,004 | -15.6% |
| Amounts payable within one year | 42/48 | €50,447 | €39,539 | -€10,907 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €26,790 | €20,004 | -€6,786 | -25.3% |
| Trade debts | 44 | €8,141 | €3,155 | -€4,987 | -61.2% |
| Suppliers | 440/4 | €8,141 | €3,155 | -€4,987 | -61.2% |
| Taxes, remuneration and social security | 45 | €3,400 | €3,400 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 47/48 | €12,115 | €12,981 | +€866 | +7.1% |
| Accrued charges and deferred income | 492/3 | €49,255 | €47,945 | -€1,310 | -2.7% |
| Non-recurring operating income | 76A | €1,325 | - | -€1,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,376 | €17,006 | -€8,370 | -33.0% |
| Other operating charges | 640/8 | €9,034 | €18,179 | +€9,145 | +101.2% |
| Gross operating margin | 9900 | €5,212 | €16,797 | +€11,584 | +222.2% |
| Operating profit (loss) | 9901 | -€29,198 | -€18,388 | +€10,810 | +37.0% |
| Financial income | 75/76B | €1 | €1,326 | +€1,325 | +117279.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +31.0% |
| Non-recurring financial income | 76B | - | €1,325 | +€1,325 | |
| Financial charges | 65/66B | €6,098 | €5,925 | -€173 | -2.8% |
| Recurring financial charges | 65 | €6,098 | €5,925 | -€173 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,295 | -€22,987 | +€12,308 | +34.9% |
| Income taxes | 67/77 | - | €6,534 | +€6,534 | |
| Profit (loss) for the period | 9904 | -€35,295 | -€29,521 | +€5,774 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,295 | -€29,521 | +€5,774 | +16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.