IMMOREST: 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.
IMMOREST
Largest movements
- Cash +€43,378
up €43,378 (+797.0%), from €5,442 to €48,820
mainly Receivables within one year (+€21,000) and Net result for the year (+€18,683)
- Receivables within one year -€21,000
down €21,000 (-40.8%), from €51,450 to €30,450
- Tangible fixed assets -€17,580
down €17,580 (-4.9%), from €358,171 to €340,590
of which Other tangible fixed assets: -€17,006
- Debts after one year -€25,473
down €25,473 (-12.2%), from €209,134 to €183,662
- Reserves +€15,823
up €15,823 (+17.9%), from €88,286 to €104,110
of which Distributable reserves: +€18,683
- Tax, wage and social debts +€7,300
up €7,300 (+361.8%), from €2,018 to €9,317
of which Taxes: +€5,050
- Gross operating margin +€5,883
up €5,883 (+12.9%), from €45,519 to €51,402
- Taxes +€5,050
up €5,050 (+250.3%), from €2,018 to €7,067
- Other operating charges -€4,419
down €4,419 (-66.2%), from €6,678 to €2,260
- Financial charges +€3,086
up €3,086 (+43.7%), from €7,058 to €10,143
- Financial income -€1,625
no longer reported in 2025 (was €1,625)
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 | €415,063 | €419,860 | +€4,797 | +1.2% |
| Fixed assets | 21/28 | €358,171 | €340,590 | -€17,580 | -4.9% |
| Tangible fixed assets | 22/27 | €358,171 | €340,590 | -€17,580 | -4.9% |
| Land and buildings | 22 | €15,136 | €15,136 | = | 0.0% |
| Plant, machinery and equipment | 23 | €574 | - | -€574 | |
| Other tangible fixed assets | 26 | €342,461 | €325,455 | -€17,006 | -5.0% |
| Current assets | 29/58 | €56,892 | €79,270 | +€22,378 | +39.3% |
| Amounts receivable within one year | 40/41 | €51,450 | €30,450 | -€21,000 | -40.8% |
| Other amounts receivable | 41 | €51,450 | €30,450 | -€21,000 | -40.8% |
| Cash at bank and in hand | 54/58 | €5,442 | €48,820 | +€43,378 | +797.0% |
| Total equity and liabilities | 10/49 | €415,063 | €419,860 | +€4,797 | +1.2% |
| Equity | 10/15 | €149,786 | €165,610 | +€15,823 | +10.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €88,286 | €104,110 | +€15,823 | +17.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,329 | €51,470 | -€2,859 | -5.3% |
| Distributable reserves | 133 | €27,807 | €46,490 | +€18,683 | +67.2% |
| Provisions and deferred taxes | 16 | €27,975 | €26,503 | -€1,472 | -5.3% |
| Deferred taxes | 168 | €27,975 | €26,503 | -€1,472 | -5.3% |
| Amounts payable | 17/49 | €237,301 | €227,748 | -€9,554 | -4.0% |
| Amounts payable after more than one year | 17 | €209,134 | €183,662 | -€25,473 | -12.2% |
| Financial debts | 170/4 | €209,134 | €183,662 | -€25,473 | -12.2% |
| Amounts payable within one year | 42/48 | €28,167 | €44,086 | +€15,919 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €22,639 | €25,473 | +€2,834 | +12.5% |
| Trade debts | 44 | €3,511 | €5,520 | +€2,009 | +57.2% |
| Suppliers | 440/4 | €3,511 | €5,520 | +€2,009 | +57.2% |
| Taxes, remuneration and social security | 45 | €2,018 | €9,317 | +€7,300 | +361.8% |
| Taxes | 450/3 | €2,018 | €7,067 | +€5,050 | +250.3% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | - | €3,776 | +€3,776 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,154 | €17,580 | -€574 | -3.2% |
| Other operating charges | 640/8 | €6,678 | €2,260 | -€4,419 | -66.2% |
| Gross operating margin | 9900 | €45,519 | €51,402 | +€5,883 | +12.9% |
| Operating profit (loss) | 9901 | €20,686 | €31,562 | +€10,875 | +52.6% |
| Financial income | 75/76B | €1,625 | - | -€1,625 | |
| Recurring financial income | 75 | €1,625 | - | -€1,625 | |
| Financial charges | 65/66B | €7,058 | €10,143 | +€3,086 | +43.7% |
| Recurring financial charges | 65 | €7,058 | €10,143 | +€3,086 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €15,254 | €21,418 | +€6,165 | +40.4% |
| Transfer from deferred taxes | 780 | €4,332 | €4,332 | = | 0.0% |
| Income taxes | 67/77 | €2,018 | €7,067 | +€5,050 | +250.3% |
| Profit (loss) for the period | 9904 | €17,568 | €18,683 | +€1,115 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,568 | €18,683 | +€1,115 | +6.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.