IMMOREX: 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.
IMMOREX
Largest movements
- Receivables within one year -€16,242
down €16,242 (-89.2%), from €18,215 to €1,973
of which Trade receivables: -€17,535
- Trade debts -€28,142
down €28,142 (-92.6%), from €30,386 to €2,244
- Other debts +€11,717
up €11,717 (+10.8%), from €108,828 to €120,545
- Gross operating margin +€8,289
up €8,289, from -€5,395 to €2,894
- Other operating charges -€330
down €330 (-14.8%), from €2,227 to €1,897
- Depreciation -€304
down €304 (-20.4%), from €1,489 to €1,184
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 | €180,283 | €163,628 | -€16,655 | -9.2% |
| Fixed assets | 21/28 | €154,522 | €153,338 | -€1,184 | -0.8% |
| Tangible fixed assets | 22/27 | €154,522 | €153,338 | -€1,184 | -0.8% |
| Land and buildings | 22 | €153,593 | €153,338 | -€255 | -0.2% |
| Furniture and vehicles | 24 | €929 | - | -€929 | |
| Current assets | 29/58 | €25,760 | €10,290 | -€15,471 | -60.1% |
| Amounts receivable within one year | 40/41 | €18,215 | €1,973 | -€16,242 | -89.2% |
| Trade receivables | 40 | €17,535 | - | -€17,535 | |
| Other amounts receivable | 41 | €680 | €1,973 | +€1,293 | +190.2% |
| Cash at bank and in hand | 54/58 | €7,545 | €8,316 | +€771 | +10.2% |
| Total equity and liabilities | 10/49 | €180,283 | €163,628 | -€16,655 | -9.2% |
| Equity | 10/15 | €41,069 | €40,839 | -€230 | -0.6% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€318,931 | -€319,161 | -€230 | -0.1% |
| Amounts payable | 17/49 | €139,214 | €122,788 | -€16,425 | -11.8% |
| Amounts payable within one year | 42/48 | €139,214 | €122,788 | -€16,425 | -11.8% |
| Trade debts | 44 | €30,386 | €2,244 | -€28,142 | -92.6% |
| Suppliers | 440/4 | €30,386 | €2,244 | -€28,142 | -92.6% |
| Other amounts payable | 47/48 | €108,828 | €120,545 | +€11,717 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,489 | €1,184 | -€304 | -20.4% |
| Other operating charges | 640/8 | €2,227 | €1,897 | -€330 | -14.8% |
| Gross operating margin | 9900 | -€5,395 | €2,894 | +€8,289 | |
| Operating profit (loss) | 9901 | -€9,110 | -€187 | +€8,923 | +97.9% |
| Financial income | 75/76B | €10 | €2 | -€9 | -84.4% |
| Recurring financial income | 75 | €10 | €2 | -€9 | -84.4% |
| Financial charges | 65/66B | €51 | €44 | -€7 | -13.3% |
| Recurring financial charges | 65 | €51 | €44 | -€7 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,151 | -€230 | +€8,921 | +97.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,151 | -€230 | +€8,921 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,151 | -€230 | +€8,921 | +97.5% |
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 5 October 2026 via checked.be.