IMMORENT: 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.
IMMORENT
Largest movements
- Current investments +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Cash -€71,906
down €71,906 (-68.8%), from €104,566 to €32,660
mainly Current investments (-€100,000) and Deferred charges and accrued income (-€7,245)
- Tangible fixed assets -€15,896
down €15,896 (-62.6%), from €25,390 to €9,494
of which Furniture and vehicles: -€14,533
- Deferred charges and accrued income +€7,245
up €7,245 (+369.4%), from €1,961 to €9,207
- Other debts +€12,419
up €12,419 (+5.6%), from €220,186 to €232,606
- Financial income -€9,591
down €9,591 (-58.1%), from €16,495 to €6,904
- Financial charges +€3,839
up €3,839 (+127.9%), from €3,001 to €6,840
- Gross operating margin +€3,258
up €3,258 (+12.8%), from €25,426 to €28,684
- Taxes -€2,726
down €2,726 (-61.8%), from €4,410 to €1,684
- Depreciation -€381
down €381 (-2.3%), from €16,277 to €15,896
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 | €514,699 | €532,004 | +€17,305 | +3.4% |
| Fixed assets | 21/28 | €25,390 | €9,494 | -€15,896 | -62.6% |
| Tangible fixed assets | 22/27 | €25,390 | €9,494 | -€15,896 | -62.6% |
| Land and buildings | 22 | €4,088 | €2,725 | -€1,363 | -33.3% |
| Furniture and vehicles | 24 | €21,302 | €6,768 | -€14,533 | -68.2% |
| Current assets | 29/58 | €489,309 | €522,510 | +€33,201 | +6.8% |
| Amounts receivable within one year | 40/41 | €332,782 | €330,643 | -€2,138 | -0.6% |
| Trade receivables | 40 | €1,472 | €0 | -€1,472 | -100.0% |
| Other amounts receivable | 41 | €331,310 | €330,643 | -€666 | -0.2% |
| Current investments | 50/53 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Cash at bank and in hand | 54/58 | €104,566 | €32,660 | -€71,906 | -68.8% |
| Deferred charges and accrued income | 490/1 | €1,961 | €9,207 | +€7,245 | +369.4% |
| Total equity and liabilities | 10/49 | €514,699 | €532,004 | +€17,305 | +3.4% |
| Equity | 10/15 | €292,223 | €295,798 | +€3,575 | +1.2% |
| Contributions | 10/11 | €21,492 | €21,492 | = | 0.0% |
| Reserves | 13 | €270,731 | €274,306 | +€3,575 | +1.3% |
| Distributable reserves | 133 | €270,731 | €274,306 | +€3,575 | +1.3% |
| Amounts payable | 17/49 | €222,476 | €236,206 | +€13,730 | +6.2% |
| Amounts payable within one year | 42/48 | €221,013 | €234,744 | +€13,730 | +6.2% |
| Trade debts | 44 | €727 | €938 | +€211 | +29.0% |
| Suppliers | 440/4 | €727 | €938 | +€211 | +29.0% |
| Taxes, remuneration and social security | 45 | €100 | €1,200 | +€1,100 | +1100.0% |
| Taxes | 450/3 | €100 | €1,200 | +€1,100 | +1100.0% |
| Other amounts payable | 47/48 | €220,186 | €232,606 | +€12,419 | +5.6% |
| Accrued charges and deferred income | 492/3 | €1,463 | €1,463 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,277 | €15,896 | -€381 | -2.3% |
| Other operating charges | 640/8 | €7,425 | €7,593 | +€169 | +2.3% |
| Gross operating margin | 9900 | €25,426 | €28,684 | +€3,258 | +12.8% |
| Operating profit (loss) | 9901 | €1,725 | €5,194 | +€3,470 | +201.1% |
| Financial income | 75/76B | €16,495 | €6,904 | -€9,591 | -58.1% |
| Recurring financial income | 75 | €16,495 | €6,904 | -€9,591 | -58.1% |
| Financial charges | 65/66B | €3,001 | €6,840 | +€3,839 | +127.9% |
| Recurring financial charges | 65 | €3,001 | €6,840 | +€3,839 | +127.9% |
| Profit (loss) for the period before taxes | 9903 | €15,219 | €5,258 | -€9,961 | -65.4% |
| Income taxes | 67/77 | €4,410 | €1,684 | -€2,726 | -61.8% |
| Profit (loss) for the period | 9904 | €10,809 | €3,575 | -€7,235 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,809 | €3,575 | -€7,235 | -66.9% |
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 2 October 2026 via checked.be.