IMMORANGE: 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.
IMMORANGE
Largest movements
- Tangible fixed assets -€134,505
down €134,505 (-6.9%), from €1.9m to €1.8m
- Receivables within one year -€121,122
down €121,122 (-75.3%), from €160,872 to €39,749
of which Other amounts receivable: -€126,694
- Cash -€46,810
down €46,810 (-97.7%), from €47,928 to €1,118
mainly Debts after one year (-€2.5m) and Net result for the year (-€1.0m)
- Debts after one year -€2.5m
down €2.5m (-100.0%), from €2.5m to €0
- Current portion of long-term debt +€2.5m
up €2.5m (+670.4%), from €368,634 to €2.8m
- Profit (loss) carried forward -€1.0m
down €1.0m (-20.1%), from -€5.0m to -€6.0m
- Accrued charges and deferred income +€744,771
up €744,771 (+215.8%), from €345,184 to €1.1m
- Other debts +€70,466
up €70,466 (+5.8%), from €1.2m to €1.3m
- Financial charges +€3.1m
up €3.1m (+2273.3%), from €134,477 to €3.2m
of which Non-recurring financial charges: +€2.3m
- Financial income +€2.3m
up €2.3m, from €0 to €2.3m
of which Non-recurring financial income: +€2.3m
- Other operating charges +€1.8m
up €1.8m (+3897.0%), from €45,535 to €1.8m
- Write-downs -€1.8m
new in 2025: -€1.8m
- Gross operating margin +€32,336
up €32,336, from -€2,583 to €29,753
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 | €2,177,675 | €1,869,545 | -€308,130 | -14.1% |
| Formation expenses | 20 | €20,041 | €18,437 | -€1,603 | -8.0% |
| Fixed assets | 21/28 | €1,944,745 | €1,810,240 | -€134,505 | -6.9% |
| Tangible fixed assets | 22/27 | €1,944,745 | €1,810,240 | -€134,505 | -6.9% |
| Land and buildings | 22 | €1,944,745 | €1,810,240 | -€134,505 | -6.9% |
| Current assets | 29/58 | €212,889 | €40,868 | -€172,022 | -80.8% |
| Amounts receivable within one year | 40/41 | €160,872 | €39,749 | -€121,122 | -75.3% |
| Trade receivables | 40 | €22,715 | €28,287 | +€5,572 | +24.5% |
| Other amounts receivable | 41 | €138,157 | €11,463 | -€126,694 | -91.7% |
| Cash at bank and in hand | 54/58 | €47,928 | €1,118 | -€46,810 | -97.7% |
| Deferred charges and accrued income | 490/1 | €4,089 | €0 | -€4,089 | -100.0% |
| Total equity and liabilities | 10/49 | €2,177,675 | €1,869,545 | -€308,130 | -14.1% |
| Equity | 10/15 | -€2,705,985 | -€3,713,176 | -€1.0m | -37.2% |
| Contributions | 10/11 | €2,295,122 | €2,295,122 | = | 0.0% |
| Capital | 10 | €2,295,122 | €2,295,122 | = | 0.0% |
| Issued capital | 100 | €2,295,122 | €2,295,122 | = | 0.0% |
| Reserves | 13 | €970 | €970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €970 | €970 | = | 0.0% |
| Legal reserve | 130 | €970 | €970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,002,078 | -€6,009,268 | -€1.0m | -20.1% |
| Amounts payable | 17/49 | €4,883,660 | €5,582,721 | +€699,061 | +14.3% |
| Amounts payable after more than one year | 17 | €2,547,244 | €0 | -€2.5m | -100.0% |
| Financial debts | 170/4 | €2,547,244 | €0 | -€2.5m | -100.0% |
| Amounts payable within one year | 42/48 | €1,991,232 | €4,492,765 | +€2.5m | +125.6% |
| Current portion of amounts payable after more than one year | 42 | €368,634 | €2,839,801 | +€2.5m | +670.4% |
| Financial debts | 43 | €13,308 | €0 | -€13,308 | -100.0% |
| Credit institutions | 430/8 | €13,308 | €0 | -€13,308 | -100.0% |
| Trade debts | 44 | €315,261 | €330,103 | +€14,842 | +4.7% |
| Suppliers | 440/4 | €315,261 | €330,103 | +€14,842 | +4.7% |
| Taxes, remuneration and social security | 45 | €76,734 | €35,100 | -€41,634 | -54.3% |
| Taxes | 450/3 | €76,734 | €35,100 | -€41,634 | -54.3% |
| Other amounts payable | 47/48 | €1,217,295 | €1,287,761 | +€70,466 | +5.8% |
| Accrued charges and deferred income | 492/3 | €345,184 | €1,089,956 | +€744,771 | +215.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,108 | €136,108 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,773,479 | -€1.8m | |
| Other operating charges | 640/8 | €45,535 | €1,820,053 | +€1.8m | +3897.0% |
| Gross operating margin | 9900 | -€2,583 | €29,753 | +€32,336 | |
| Operating profit (loss) | 9901 | -€184,226 | -€152,930 | +€31,296 | +17.0% |
| Financial income | 75/76B | €0 | €2,336,002 | +€2.3m | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Non-recurring financial income | 76B | - | €2,336,000 | +€2.3m | |
| Financial charges | 65/66B | €134,477 | €3,191,545 | +€3.1m | +2273.3% |
| Recurring financial charges | 65 | €134,477 | €855,545 | +€721,068 | +536.2% |
| Non-recurring financial charges | 66B | - | €2,336,000 | +€2.3m | |
| Profit (loss) for the period before taxes | 9903 | -€318,704 | -€1,008,474 | -€689,770 | -216.4% |
| Income taxes | 67/77 | - | -€1,283 | -€1,283 | |
| Profit (loss) for the period | 9904 | -€318,704 | -€1,007,191 | -€688,487 | -216.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€318,704 | -€1,007,191 | -€688,487 | -216.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.