IMMOREVE: 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.
IMMOREVE
Largest movements
- Cash -€28,790
down €28,790 (-99.5%), from €28,937 to €147
mainly Investment in fixed assets (net) (-€33,399) and Net result for the year (-€18,322)
- Tangible fixed assets +€18,686
up €18,686 (+8.9%), from €210,905 to €229,591
- Other debts +€17,290
up €17,290 (+10.9%), from €158,454 to €175,744
- Profit (loss) carried forward -€13,507
down €13,507 (-12.5%), from -€108,473 to -€121,980
- Debts after one year -€7,332
down €7,332 (-13.8%), from €53,182 to €45,850
- Reserves -€4,815
down €4,815 (-5.3%), from €91,561 to €86,746
of which Tax-exempt reserves: -€4,815
- Gross operating margin +€10,480
up €10,480 (+89.0%), from -€11,772 to -€1,292
- Financial charges +€3,094
up €3,094 (+1187.1%), from €261 to €3,354
- Depreciation +€3,075
up €3,075 (+26.4%), from €11,638 to €14,713
- Other operating charges +€233
up €233 (+60.6%), from €384 to €617
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 | €249,340 | €239,236 | -€10,104 | -4.1% |
| Fixed assets | 21/28 | €210,905 | €229,591 | +€18,686 | +8.9% |
| Tangible fixed assets | 22/27 | €210,905 | €229,591 | +€18,686 | +8.9% |
| Land and buildings | 22 | €210,905 | €229,591 | +€18,686 | +8.9% |
| Current assets | 29/58 | €38,435 | €9,645 | -€28,790 | -74.9% |
| Amounts receivable within one year | 40/41 | €7,933 | €7,948 | +€15 | +0.2% |
| Trade receivables | 40 | €7,933 | €7,933 | = | 0.0% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €28,937 | €147 | -€28,790 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,549 | -€15 | -1.0% |
| Total equity and liabilities | 10/49 | €249,340 | €239,236 | -€10,104 | -4.1% |
| Equity | 10/15 | -€10,711 | -€29,034 | -€18,322 | -171.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,561 | €86,746 | -€4,815 | -5.3% |
| Non-distributable reserves | 130/1 | €61 | €61 | = | 0.0% |
| Reserves not available under the articles | 1311 | €61 | €61 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,346 | €85,531 | -€4,815 | -5.3% |
| Distributable reserves | 133 | €1,154 | €1,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,473 | -€121,980 | -€13,507 | -12.5% |
| Provisions and deferred taxes | 16 | €30,115 | €28,510 | -€1,605 | -5.3% |
| Deferred taxes | 168 | €30,115 | €28,510 | -€1,605 | -5.3% |
| Amounts payable | 17/49 | €229,936 | €239,759 | +€9,823 | +4.3% |
| Amounts payable after more than one year | 17 | €53,182 | €45,850 | -€7,332 | -13.8% |
| Financial debts | 170/4 | €53,182 | €45,850 | -€7,332 | -13.8% |
| Amounts payable within one year | 42/48 | €176,754 | €193,909 | +€17,155 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €6,818 | €7,332 | +€515 | +7.6% |
| Trade debts | 44 | €11,483 | €10,833 | -€649 | -5.7% |
| Suppliers | 440/4 | €11,483 | €10,833 | -€649 | -5.7% |
| Other amounts payable | 47/48 | €158,454 | €175,744 | +€17,290 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,638 | €14,713 | +€3,075 | +26.4% |
| Other operating charges | 640/8 | €384 | €617 | +€233 | +60.6% |
| Gross operating margin | 9900 | -€11,772 | -€1,292 | +€10,480 | +89.0% |
| Operating profit (loss) | 9901 | -€23,794 | -€16,623 | +€7,171 | +30.1% |
| Financial income | 75/76B | €0 | €50 | +€50 | |
| Recurring financial income | 75 | €0 | €50 | +€50 | |
| Financial charges | 65/66B | €261 | €3,354 | +€3,094 | +1187.1% |
| Recurring financial charges | 65 | €261 | €3,354 | +€3,094 | +1187.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,055 | -€19,927 | +€4,127 | +17.2% |
| Transfer from deferred taxes | 780 | €1,154 | €1,605 | +€451 | +39.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€22,900 | -€18,322 | +€4,578 | +20.0% |
| Transfer from tax-exempt reserves | 789 | €3,462 | €4,815 | +€1,353 | +39.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,438 | -€13,507 | +€5,931 | +30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.