IMMORO: 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.
IMMORO
Largest movements
- Cash +€5,213
up €5,213 (+3.6%), from €143,117 to €148,330
mainly Net result for the year (+€3,623) and Depreciation (+€1,357)
- Reserves +€3,623
up €3,623 (+4.6%), from €79,539 to €83,162
of which Distributable reserves: +€3,441
- Gross operating margin -€1,090
down €1,090 (-13.4%), from €8,132 to €7,042
- Financial income +€656
up €656 (+165.4%), from €396 to €1,052
- Taxes -€119
down €119 (-6.6%), from €1,809 to €1,691
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 | €268,135 | €271,487 | +€3,351 | +1.2% |
| Fixed assets | 21/28 | €124,514 | €123,157 | -€1,357 | -1.1% |
| Tangible fixed assets | 22/27 | €124,514 | €123,157 | -€1,357 | -1.1% |
| Land and buildings | 22 | €124,514 | €123,157 | -€1,357 | -1.1% |
| Current assets | 29/58 | €143,621 | €148,330 | +€4,709 | +3.3% |
| Amounts receivable within one year | 40/41 | €504 | €0 | -€504 | -100.0% |
| Other amounts receivable | 41 | €504 | €0 | -€504 | -100.0% |
| Cash at bank and in hand | 54/58 | €143,117 | €148,330 | +€5,213 | +3.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €268,135 | €271,487 | +€3,351 | +1.2% |
| Equity | 10/15 | €265,539 | €269,162 | +€3,623 | +1.4% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €79,539 | €83,162 | +€3,623 | +4.6% |
| Non-distributable reserves | 130/1 | €4,863 | €5,045 | +€181 | +3.7% |
| Legal reserve | 130 | €4,863 | €5,045 | +€181 | +3.7% |
| Distributable reserves | 133 | €74,676 | €78,117 | +€3,441 | +4.6% |
| Amounts payable | 17/49 | €2,596 | €2,325 | -€271 | -10.4% |
| Amounts payable after more than one year | 17 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 178/9 | €1,950 | €1,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €646 | €375 | -€271 | -42.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €646 | €375 | -€271 | -42.0% |
| Taxes | 450/3 | €646 | €375 | -€271 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €1,357 | +€57 | +4.4% |
| Other operating charges | 640/8 | €1,337 | €1,378 | +€41 | +3.0% |
| Gross operating margin | 9900 | €8,132 | €7,042 | -€1,090 | -13.4% |
| Operating profit (loss) | 9901 | €5,494 | €4,306 | -€1,188 | -21.6% |
| Financial income | 75/76B | €396 | €1,052 | +€656 | +165.4% |
| Recurring financial income | 75 | €396 | €1,052 | +€656 | +165.4% |
| Financial charges | 65/66B | €62 | €45 | -€17 | -27.3% |
| Recurring financial charges | 65 | €62 | €45 | -€17 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €5,828 | €5,313 | -€515 | -8.8% |
| Income taxes | 67/77 | €1,809 | €1,691 | -€119 | -6.6% |
| Profit (loss) for the period | 9904 | €4,019 | €3,623 | -€396 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,019 | €3,623 | -€396 | -9.9% |
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 10 October 2026 via checked.be.