IMMORIVA: 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.
IMMORIVA
Largest movements
- Stocks and contracts -€914,372
down €914,372 (-78.0%), from €1.2m to €258,438
- Tangible fixed assets +€883,758
new in 2025: €883,758
- Receivables within one year -€13,662
down €13,662 (-99.7%), from €13,704 to €42
of which Other amounts receivable: -€13,704
- Tax, wage and social debts +€142,674
up €142,674 (+18,661%), from €765 to €143,438
- Profit (loss) carried forward -€99,694
down €99,694 (-128%), from -€77,689 to -€177,383
- Trade debts -€47,173
down €47,173 (-83.8%), from €56,259 to €9,086
- Other debts -€35,059
down €35,059 (-6.6%), from €529,096 to €494,037
- Financial charges +€22,324
up €22,324 (+118%), from €18,980 to €41,304
- Depreciation +€19,071
new in 2025: €19,071
- Gross operating margin -€13,128
down €13,128 (-50.1%), from -€26,219 to -€39,347
- Financial income -€12,297
down €12,297 (-95.3%), from €12,909 to €612
- Other operating charges -€417
down €417 (-41.6%), from €1,002 to €585
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 | €1,350,380 | €1,311,128 | -€39,252 | -2.9% |
| Fixed assets | 21/28 | - | €883,758 | +€883,758 | |
| Tangible fixed assets | 22/27 | - | €883,758 | +€883,758 | |
| Land and buildings | 22 | - | €883,758 | +€883,758 | |
| Current assets | 29/58 | €1,350,380 | €427,370 | -€923,010 | -68.4% |
| Stocks and contracts in progress | 3 | €1,172,810 | €258,438 | -€914,372 | -78.0% |
| Stocks | 30/36 | €1,172,810 | €258,438 | -€914,372 | -78.0% |
| Amounts receivable within one year | 40/41 | €13,704 | €42 | -€13,662 | -99.7% |
| Trade receivables | 40 | - | €42 | +€42 | |
| Other amounts receivable | 41 | €13,704 | - | -€13,704 | |
| Current investments | 50/53 | €157,391 | €158,003 | +€612 | +0.4% |
| Cash at bank and in hand | 54/58 | €6,371 | €8,263 | +€1,892 | +29.7% |
| Deferred charges and accrued income | 490/1 | €104 | €2,625 | +€2,520 | +2,420% |
| Total equity and liabilities | 10/49 | €1,350,380 | €1,311,128 | -€39,252 | -2.9% |
| Equity | 10/15 | €44,261 | -€55,433 | -€99,694 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €119,950 | €119,950 | = | 0.0% |
| Distributable reserves | 133 | €119,950 | €119,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,689 | -€177,383 | -€99,694 | -128% |
| Amounts payable | 17/49 | €1,306,119 | €1,366,561 | +€60,442 | +4.6% |
| Amounts payable within one year | 42/48 | €1,306,119 | €1,366,561 | +€60,442 | +4.6% |
| Financial debts | 43 | €720,000 | €720,000 | = | 0.0% |
| Credit institutions | 430/8 | €720,000 | €720,000 | = | 0.0% |
| Trade debts | 44 | €56,259 | €9,086 | -€47,173 | -83.8% |
| Suppliers | 440/4 | €56,259 | €9,086 | -€47,173 | -83.8% |
| Taxes, remuneration and social security | 45 | €765 | €143,438 | +€142,674 | +18,661% |
| Taxes | 450/3 | €765 | €143,438 | +€142,674 | +18,661% |
| Other amounts payable | 47/48 | €529,096 | €494,037 | -€35,059 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,071 | +€19,071 | |
| Other operating charges | 640/8 | €1,002 | €585 | -€417 | -41.6% |
| Gross operating margin | 9900 | -€26,219 | -€39,347 | -€13,128 | -50.1% |
| Operating profit (loss) | 9901 | -€27,221 | -€59,002 | -€31,781 | -117% |
| Financial income | 75/76B | €12,909 | €612 | -€12,297 | -95.3% |
| Recurring financial income | 75 | €12,909 | €612 | -€12,297 | -95.3% |
| Financial charges | 65/66B | €18,980 | €41,304 | +€22,324 | +118% |
| Recurring financial charges | 65 | €18,980 | €41,304 | +€22,324 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€33,292 | -€99,694 | -€66,402 | -199% |
| Profit (loss) for the period | 9904 | -€33,292 | -€99,694 | -€66,402 | -199% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,292 | -€99,694 | -€66,402 | -199% |
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 15 October 2026 via checked.be.