IMMORINDY: 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.
IMMORINDY
Largest movements
- Tangible fixed assets +€326,002
up €326,002 (+26.3%), from €1.2m to €1.6m
- Receivables within one year +€37,125
up €37,125 (+13.6%), from €273,811 to €310,936
- Debts after one year +€191,547
up €191,547 (+50.3%), from €380,756 to €572,303
- Other debts +€140,000
up €140,000 (+78.1%), from €179,162 to €319,162
- Accrued charges and deferred income +€60,954
up €60,954 (+5541.3%), from €1,100 to €62,054
- Profit (loss) carried forward -€40,161
down €40,161 (-18.8%), from €213,350 to €173,189
- Tax, wage and social debts -€30,032
no longer reported in 2025 (was €30,032)
- Gross operating margin -€103,514
down €103,514 (-50.4%), from €205,264 to €101,750
- Taxes -€29,700
no longer reported in 2025 (was €29,700)
- Other operating charges +€9,213
up €9,213 (+13.1%), from €70,264 to €79,477
- Financial charges +€7,511
up €7,511 (+69.8%), from €10,755 to €18,266
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 | €1,562,193 | €1,904,947 | +€342,754 | +21.9% |
| Fixed assets | 21/28 | €1,239,613 | €1,565,615 | +€326,002 | +26.3% |
| Tangible fixed assets | 22/27 | €1,239,613 | €1,565,615 | +€326,002 | +26.3% |
| Land and buildings | 22 | €1,239,613 | €1,565,615 | +€326,002 | +26.3% |
| Current assets | 29/58 | €322,580 | €339,332 | +€16,752 | +5.2% |
| Amounts receivable within one year | 40/41 | €273,811 | €310,936 | +€37,125 | +13.6% |
| Other amounts receivable | 41 | €273,811 | €310,936 | +€37,125 | +13.6% |
| Cash at bank and in hand | 54/58 | €35,865 | €17,066 | -€18,799 | -52.4% |
| Deferred charges and accrued income | 490/1 | €12,904 | €11,330 | -€1,574 | -12.2% |
| Total equity and liabilities | 10/49 | €1,562,193 | €1,904,947 | +€342,754 | +21.9% |
| Equity | 10/15 | €762,649 | €713,533 | -€49,116 | -6.4% |
| Contributions | 10/11 | €117,800 | €117,800 | = | 0.0% |
| Capital | 10 | €117,800 | €117,800 | = | 0.0% |
| Issued capital | 100 | €117,800 | €117,800 | = | 0.0% |
| Reserves | 13 | €431,499 | €422,544 | -€8,955 | -2.1% |
| Non-distributable reserves | 130/1 | €11,780 | €11,780 | = | 0.0% |
| Legal reserve | 130 | €11,780 | €11,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €236,091 | €227,136 | -€8,955 | -3.8% |
| Distributable reserves | 133 | €183,628 | €183,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,350 | €173,189 | -€40,161 | -18.8% |
| Provisions and deferred taxes | 16 | €105,839 | €101,804 | -€4,035 | -3.8% |
| Deferred taxes | 168 | €105,839 | €101,804 | -€4,035 | -3.8% |
| Amounts payable | 17/49 | €693,705 | €1,089,610 | +€395,905 | +57.1% |
| Amounts payable after more than one year | 17 | €380,756 | €572,303 | +€191,547 | +50.3% |
| Financial debts | 170/4 | €380,756 | €572,303 | +€191,547 | +50.3% |
| Amounts payable within one year | 42/48 | €311,849 | €455,253 | +€143,404 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €49,789 | €63,426 | +€13,637 | +27.4% |
| Financial debts | 43 | €15,305 | €25,356 | +€10,051 | +65.7% |
| Other loans | 439 | €15,305 | €25,356 | +€10,051 | +65.7% |
| Trade debts | 44 | €37,561 | €47,309 | +€9,748 | +26.0% |
| Suppliers | 440/4 | €37,561 | €47,309 | +€9,748 | +26.0% |
| Taxes, remuneration and social security | 45 | €30,032 | - | -€30,032 | |
| Taxes | 450/3 | €30,032 | - | -€30,032 | |
| Other amounts payable | 47/48 | €179,162 | €319,162 | +€140,000 | +78.1% |
| Accrued charges and deferred income | 492/3 | €1,100 | €62,054 | +€60,954 | +5541.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,533 | €50,423 | -€110 | -0.2% |
| Other operating charges | 640/8 | €70,264 | €79,477 | +€9,213 | +13.1% |
| Non-recurring operating charges | 66A | - | €6,735 | +€6,735 | |
| Gross operating margin | 9900 | €205,264 | €101,750 | -€103,514 | -50.4% |
| Operating profit (loss) | 9901 | €84,467 | -€34,885 | -€119,352 | |
| Financial charges | 65/66B | €10,755 | €18,266 | +€7,511 | +69.8% |
| Recurring financial charges | 65 | €10,755 | €18,266 | +€7,511 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €73,712 | -€53,151 | -€126,863 | |
| Transfer from deferred taxes | 780 | €4,035 | €4,035 | = | 0.0% |
| Income taxes | 67/77 | €29,700 | - | -€29,700 | |
| Profit (loss) for the period | 9904 | €48,047 | -€49,116 | -€97,163 | |
| Transfer from tax-exempt reserves | 789 | €8,955 | €8,955 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,002 | -€40,161 | -€97,163 |
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 8 October 2026 via checked.be.