IMMORENTECH: 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.
IMMORENTECH
Largest movements
- Cash -€20,200
down €20,200 (-91.7%), from €22,020 to €1,820
mainly Receivables within one year (-€19,460) and Tax, wage and social debts (-€6,028)
- Receivables within one year +€19,460
up €19,460 (+35.1%), from €55,370 to €74,830
of which Other amounts receivable: +€22,555
- Stocks and contracts +€5,800
new in 2025: €5,800
- Tangible fixed assets -€1,515
down €1,515 (-48.5%), from €3,121 to €1,606
- Tax, wage and social debts -€6,028
down €6,028 (-89.4%), from €6,743 to €715
of which Remuneration and social security: -€4,290
- Other debts +€4,644
up €4,644 (+68.9%), from €6,743 to €11,387
- Reserves +€3,067
up €3,067 (+18.8%), from €16,275 to €19,342
of which Distributable reserves: +€3,067
- Trade debts +€1,925
up €1,925 (+576.3%), from €334 to €2,259
- Taxes +€492
up €492 (+31.2%), from €1,577 to €2,069
- Gross operating margin -€364
down €364 (-4.7%), from €7,812 to €7,448
- Other operating charges -€242
down €242 (-23.4%), from €1,033 to €791
- Depreciation -€149
down €149 (-9.0%), from €1,664 to €1,515
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 | €80,811 | €84,356 | +€3,545 | +4.4% |
| Fixed assets | 21/28 | €3,421 | €1,906 | -€1,515 | -44.3% |
| Tangible fixed assets | 22/27 | €3,121 | €1,606 | -€1,515 | -48.5% |
| Furniture and vehicles | 24 | €3,121 | €1,606 | -€1,515 | -48.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €77,390 | €82,450 | +€5,060 | +6.5% |
| Stocks and contracts in progress | 3 | - | €5,800 | +€5,800 | |
| Contracts in progress | 37 | - | €5,800 | +€5,800 | |
| Amounts receivable within one year | 40/41 | €55,370 | €74,830 | +€19,460 | +35.1% |
| Trade receivables | 40 | €49,300 | €46,205 | -€3,095 | -6.3% |
| Other amounts receivable | 41 | €6,070 | €28,625 | +€22,555 | +371.6% |
| Cash at bank and in hand | 54/58 | €22,020 | €1,820 | -€20,200 | -91.7% |
| Total equity and liabilities | 10/49 | €80,811 | €84,356 | +€3,545 | +4.4% |
| Equity | 10/15 | €66,275 | €69,342 | +€3,067 | +4.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €16,275 | €19,342 | +€3,067 | +18.8% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €11,275 | €14,342 | +€3,067 | +27.2% |
| Amounts payable | 17/49 | €14,536 | €15,014 | +€478 | +3.3% |
| Amounts payable within one year | 42/48 | €14,536 | €15,014 | +€478 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €716 | €653 | -€63 | -8.8% |
| Trade debts | 44 | €334 | €2,259 | +€1,925 | +576.3% |
| Suppliers | 440/4 | €334 | €2,259 | +€1,925 | +576.3% |
| Taxes, remuneration and social security | 45 | €6,743 | €715 | -€6,028 | -89.4% |
| Taxes | 450/3 | €2,453 | €715 | -€1,738 | -70.9% |
| Remuneration and social security | 454/9 | €4,290 | - | -€4,290 | |
| Other amounts payable | 47/48 | €6,743 | €11,387 | +€4,644 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,664 | €1,515 | -€149 | -9.0% |
| Other operating charges | 640/8 | €1,033 | €791 | -€242 | -23.4% |
| Gross operating margin | 9900 | €7,812 | €7,448 | -€364 | -4.7% |
| Operating profit (loss) | 9901 | €5,115 | €5,142 | +€27 | +0.5% |
| Financial charges | 65/66B | €66 | €6 | -€60 | -90.9% |
| Recurring financial charges | 65 | €66 | €6 | -€60 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €5,049 | €5,136 | +€87 | +1.7% |
| Income taxes | 67/77 | €1,577 | €2,069 | +€492 | +31.2% |
| Profit (loss) for the period | 9904 | €3,472 | €3,067 | -€405 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,472 | €3,067 | -€405 | -11.7% |
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 3 October 2026 via checked.be.