IMMORESTAU: what changed
Two financial 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.
IMMORESTAU
Largest movements
- Stocks and contracts -€381,307
down €381,307 (-51.6%), from €738,662 to €357,355
- Receivables after one year -€57,419
no longer reported in 2025 (was €57,419)
- Cash +€11,276
up €11,276 (+126%), from €8,964 to €20,239
mainly Stocks and contracts (+€381,307) and Receivables after one year (+€57,419)
- Receivables within one year +€8,434
up €8,434 (+381%), from €2,211 to €10,646
of which Other amounts receivable: +€4,550
- Debts after one year -€404,087
down €404,087 (-49.3%), from €819,087 to €415,000
- Profit (loss) carried forward -€71,431
down €71,431 (-28.3%), from -€252,573 to -€324,004
- Other debts +€51,546
up €51,546 (+23.8%), from €216,145 to €267,691
- Other operating charges +€30,071
up €30,071 (+4,796%), from €627 to €30,697
- Gross operating margin -€24,300
down €24,300, from €21,155 to -€3,146
- Financial charges +€5,274
up €5,274 (+18.6%), from €28,348 to €33,621
- Depreciation -€2,040
down €2,040 (-33.5%), from €6,089 to €4,049
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.
Derived cash bridge
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 | €813,969 | €390,717 | -€423,253 | -52.0% |
| Fixed assets | 21/28 | €6,049 | €2,000 | -€4,049 | -66.9% |
| Tangible fixed assets | 22/27 | €4,049 | - | -€4,049 | |
| Furniture and vehicles | 24 | €4,049 | - | -€4,049 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €807,920 | €388,717 | -€419,204 | -51.9% |
| Amounts receivable after more than one year | 29 | €57,419 | - | -€57,419 | |
| Other amounts receivable | 291 | €57,419 | - | -€57,419 | |
| Stocks and contracts in progress | 3 | €738,662 | €357,355 | -€381,307 | -51.6% |
| Stocks | 30/36 | €738,662 | €357,355 | -€381,307 | -51.6% |
| Amounts receivable within one year | 40/41 | €2,211 | €10,646 | +€8,434 | +381% |
| Trade receivables | 40 | - | €3,884 | +€3,884 | |
| Other amounts receivable | 41 | €2,211 | €6,761 | +€4,550 | +206% |
| Cash at bank and in hand | 54/58 | €8,964 | €20,239 | +€11,276 | +126% |
| Deferred charges and accrued income | 490/1 | €665 | €476 | -€188 | -28.3% |
| Total equity and liabilities | 10/49 | €813,969 | €390,717 | -€423,253 | -52.0% |
| Equity | 10/15 | -€222,573 | -€294,004 | -€71,431 | -32.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,573 | -€324,004 | -€71,431 | -28.3% |
| Amounts payable | 17/49 | €1,036,542 | €684,720 | -€351,822 | -33.9% |
| Amounts payable after more than one year | 17 | €819,087 | €415,000 | -€404,087 | -49.3% |
| Financial debts | 170/4 | €819,087 | €415,000 | -€404,087 | -49.3% |
| Amounts payable within one year | 42/48 | €216,466 | €268,500 | +€52,034 | +24.0% |
| Trade debts | 44 | €221 | €485 | +€264 | +120% |
| Suppliers | 440/4 | €221 | €485 | +€264 | +120% |
| Taxes, remuneration and social security | 45 | €100 | €325 | +€224 | +224% |
| Taxes | 450/3 | €100 | €325 | +€224 | +224% |
| Other amounts payable | 47/48 | €216,145 | €267,691 | +€51,546 | +23.8% |
| Accrued charges and deferred income | 492/3 | €989 | €1,220 | +€232 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,089 | €4,049 | -€2,040 | -33.5% |
| Other operating charges | 640/8 | €627 | €30,697 | +€30,071 | +4,796% |
| Gross operating margin | 9900 | €21,155 | -€3,146 | -€24,300 | |
| Operating profit (loss) | 9901 | €14,438 | -€37,892 | -€52,331 | |
| Financial income | 75/76B | €2 | €157 | +€155 | +6,377% |
| Recurring financial income | 75 | €2 | €157 | +€155 | +6,377% |
| Financial charges | 65/66B | €28,348 | €33,621 | +€5,274 | +18.6% |
| Recurring financial charges | 65 | €28,348 | €33,621 | +€5,274 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,907 | -€71,356 | -€57,449 | -413% |
| Income taxes | 67/77 | €71 | €75 | +€4 | +5.5% |
| Profit (loss) for the period | 9904 | -€13,978 | -€71,431 | -€57,453 | -411% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,978 | -€71,431 | -€57,453 | -411% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.