IMMORING ANTWERPEN: 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.
IMMORING ANTWERPEN
Largest movements
- Receivables within one year -€650,114
down €650,114 (-85.5%), from €760,029 to €109,915
of which Other amounts receivable: -€747,905
- Tangible fixed assets +€164,969
up €164,969 (+7.3%), from €2.3m to €2.4m
of which Plant, machinery and equipment: +€318,503
- Other debts -€660,179
down €660,179 (-97.6%), from €676,335 to €16,156
- Profit (loss) carried forward +€212,241
up €212,241 (+65.6%), from €323,343 to €535,583
- Debts after one year -€40,522
down €40,522 (-13.2%), from €307,087 to €266,565
- Gross operating margin -€65,357
down €65,357 (-9.8%), from €668,957 to €603,600
- Taxes -€36,809
down €36,809 (-33.1%), from €111,204 to €74,395
- Depreciation +€20,573
up €20,573 (+16.3%), from €126,256 to €146,829
- Financial charges -€11,304
down €11,304 (-23.5%), from €48,076 to €36,771
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 | €3,038,232 | €2,560,525 | -€477,707 | -15.7% |
| Fixed assets | 21/28 | €2,272,500 | €2,437,470 | +€164,969 | +7.3% |
| Tangible fixed assets | 22/27 | €2,272,500 | €2,437,470 | +€164,969 | +7.3% |
| Land and buildings | 22 | €1,894,700 | €1,801,070 | -€93,630 | -4.9% |
| Plant, machinery and equipment | 23 | €300,955 | €619,458 | +€318,503 | +106% |
| Assets under construction and advance payments | 27 | €76,846 | €16,942 | -€59,904 | -78.0% |
| Current assets | 29/58 | €765,732 | €123,055 | -€642,677 | -83.9% |
| Amounts receivable within one year | 40/41 | €760,029 | €109,915 | -€650,114 | -85.5% |
| Trade receivables | 40 | €12,124 | €109,915 | +€97,791 | +807% |
| Other amounts receivable | 41 | €747,905 | - | -€747,905 | |
| Cash at bank and in hand | 54/58 | €5,703 | €13,140 | +€7,437 | +130% |
| Total equity and liabilities | 10/49 | €3,038,232 | €2,560,525 | -€477,707 | -15.7% |
| Equity | 10/15 | €1,492,718 | €1,705,960 | +€213,241 | +14.3% |
| Contributions | 10/11 | €730,000 | €730,000 | = | 0.0% |
| Capital | 10 | €730,000 | €730,000 | = | 0.0% |
| Issued capital | 100 | €730,000 | €730,000 | = | 0.0% |
| Reserves | 13 | €427,756 | €427,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €73,000 | €73,000 | = | 0.0% |
| Legal reserve | 130 | €73,000 | €73,000 | = | 0.0% |
| Distributable reserves | 133 | €354,756 | €354,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,343 | €535,583 | +€212,241 | +65.6% |
| Investment grants | 15 | €11,620 | €12,621 | +€1,001 | +8.6% |
| Amounts payable | 17/49 | €1,545,514 | €854,565 | -€690,949 | -44.7% |
| Amounts payable after more than one year | 17 | €307,087 | €266,565 | -€40,522 | -13.2% |
| Financial debts | 170/4 | €307,087 | €266,565 | -€40,522 | -13.2% |
| Amounts payable within one year | 42/48 | €1,238,305 | €587,878 | -€650,427 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €34,754 | €38,633 | +€3,879 | +11.2% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €6,122 | €11,093 | +€4,971 | +81.2% |
| Suppliers | 440/4 | €6,122 | €11,093 | +€4,971 | +81.2% |
| Taxes, remuneration and social security | 45 | €21,094 | €21,996 | +€902 | +4.3% |
| Taxes | 450/3 | €21,094 | €21,996 | +€902 | +4.3% |
| Other amounts payable | 47/48 | €676,335 | €16,156 | -€660,179 | -97.6% |
| Accrued charges and deferred income | 492/3 | €122 | €122 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,256 | €146,829 | +€20,573 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,046 | +€2,046 | |
| Other operating charges | 640/8 | €125,497 | €131,528 | +€6,031 | +4.8% |
| Gross operating margin | 9900 | €668,957 | €603,600 | -€65,357 | -9.8% |
| Operating profit (loss) | 9901 | €417,204 | €323,198 | -€94,006 | -22.5% |
| Financial income | 75/76B | €892 | €209 | -€683 | -76.6% |
| Recurring financial income | 75 | €892 | €209 | -€683 | -76.6% |
| Financial charges | 65/66B | €48,076 | €36,771 | -€11,304 | -23.5% |
| Recurring financial charges | 65 | €48,076 | €36,771 | -€11,304 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €370,021 | €286,636 | -€83,385 | -22.5% |
| Income taxes | 67/77 | €111,204 | €74,395 | -€36,809 | -33.1% |
| Profit (loss) for the period | 9904 | €258,816 | €212,241 | -€46,576 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €258,816 | €212,241 | -€46,576 | -18.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.