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IMMORAY: 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.

What changed

IMMORAY

BE 0449.515.420
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€21,929
2024 · -€19,605-€2,324
Equity
-€272,593
2024 · -€250,664-€21,929
Cash
€752
2024 · €22,931-€22,179
Balance sheet total
€902
2024 · €23,081-€22,179

Largest movements

2024 to 2025
Assets
  • Cash -€22,179

    down €22,179 (-96.7%), from €22,931 to €752

    mainly Net result for the year (-€21,929) and Other debts (-€250)

Equity and liabilities
  • Profit (loss) carried forward -€21,929

    down €21,929 (-6.3%), from -€349,822 to -€371,751

  • Other debts -€250

    down €250 (-0.1%), from €273,745 to €273,495

Income statement
  • Gross operating margin -€20,353

    down €20,353 (-1291.8%), from -€1,576 to -€21,929

  • Staff costs -€17,562

    no longer reported in 2025 (was €17,562)

  • Purchases and services -€1,576

    no longer reported in 2025 (was €1,576)

  • Other operating charges -€467

    no longer reported in 2025 (was €467)

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€19,605
Gross operating margin -€20,353
Staff costs +€17,562
Other operating charges +€467
Result 2025 -€21,929

Cash bridge derived

cash 2024 to 2025

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.

From operations -€22,179
Investment €0
Financing €0
Cash 2024 €22,931
Net result for the year -€21,929
Other debts -€250
Cash 2025 €752
Every line side by side 22 lines
Line Code 2024 2025 Change %
Total assets 20/58 €23,081 €902 -€22,179 -96.1%
Fixed assets 21/28 €150 €150 = 0.0%
Financial fixed assets 28 €150 €150 = 0.0%
Current assets 29/58 €22,931 €752 -€22,179 -96.7%
Cash at bank and in hand 54/58 €22,931 €752 -€22,179 -96.7%
Total equity and liabilities 10/49 €23,081 €902 -€22,179 -96.1%
Equity 10/15 -€250,664 -€272,593 -€21,929 -8.7%
Contributions 10/11 €99,157 €99,157 = 0.0%
Capital 10 €99,157 €99,157 = 0.0%
Issued capital 100 €99,157 €99,157 = 0.0%
Profit (loss) carried forward 14 -€349,822 -€371,751 -€21,929 -6.3%
Amounts payable 17/49 €273,745 €273,495 -€250 -0.1%
Amounts payable within one year 42/48 €273,745 €273,495 -€250 -0.1%
Other amounts payable 47/48 €273,745 €273,495 -€250 -0.1%
Goods, raw materials, services and sundry goods 60/61 €1,576 - -€1,576
Remuneration, social security and pensions 62 €17,562 - -€17,562
Other operating charges 640/8 €467 - -€467
Gross operating margin 9900 -€1,576 -€21,929 -€20,353 -1291.8%
Operating profit (loss) 9901 -€19,605 -€21,929 -€2,324 -11.9%
Profit (loss) for the period before taxes 9903 -€19,605 -€21,929 -€2,324 -11.9%
Profit (loss) for the period 9904 -€19,605 -€21,929 -€2,324 -11.9%
Profit (loss) for the period to be appropriated 9905 -€19,605 -€21,929 -€2,324 -11.9%

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 28 September 2026 via checked.be.