IMMORO: 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.
IMMORO
Largest movements
- Cash -€62,364
down €62,364 (-30.3%), from €206,110 to €143,746
mainly Net result for the year (-€39,037) and Investment in fixed assets (net) (-€24,511)
- Tangible fixed assets +€21,564
up €21,564 (+83.4%), from €25,866 to €47,430
of which Plant, machinery and equipment: +€22,446
- Receivables within one year +€2,890
up €2,890 (+7.4%), from €39,049 to €41,939
of which Other amounts receivable: +€12,016
- Profit (loss) carried forward -€39,037
down €39,037 (-598.8%), from -€6,519 to -€45,556
- Gross operating margin -€29,037
down €29,037, from €23,872 to -€5,165
- Purchases and services +€23,199
up €23,199 (+494.9%), from €4,688 to €27,887
- Write-downs +€22,116
new in 2025: €22,116
- Depreciation -€1,284
down €1,284 (-30.4%), from €4,231 to €2,946
- Financial income -€1,136
down €1,136 (-99.5%), from €1,141 to €5
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 | €271,026 | €234,534 | -€36,492 | -13.5% |
| Fixed assets | 21/28 | €25,866 | €47,430 | +€21,564 | +83.4% |
| Tangible fixed assets | 22/27 | €25,866 | €47,430 | +€21,564 | +83.4% |
| Land and buildings | 22 | €22,422 | €21,541 | -€881 | -3.9% |
| Plant, machinery and equipment | 23 | €3,444 | €25,889 | +€22,446 | +651.8% |
| Current assets | 29/58 | €245,160 | €187,104 | -€58,056 | -23.7% |
| Amounts receivable within one year | 40/41 | €39,049 | €41,939 | +€2,890 | +7.4% |
| Trade receivables | 40 | €9,435 | €309 | -€9,126 | -96.7% |
| Other amounts receivable | 41 | €29,614 | €41,630 | +€12,016 | +40.6% |
| Cash at bank and in hand | 54/58 | €206,110 | €143,746 | -€62,364 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €1,418 | +€1,418 | |
| Total equity and liabilities | 10/49 | €271,026 | €234,534 | -€36,492 | -13.5% |
| Equity | 10/15 | €269,107 | €230,070 | -€39,037 | -14.5% |
| Contributions | 10/11 | €275,410 | €275,410 | = | 0.0% |
| Capital | 10 | €275,410 | €275,410 | = | 0.0% |
| Issued capital | 100 | €275,410 | €275,410 | = | 0.0% |
| Reserves | 13 | €217 | €217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €217 | €217 | = | 0.0% |
| Legal reserve | 130 | €217 | €217 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,519 | -€45,556 | -€39,037 | -598.8% |
| Amounts payable | 17/49 | €1,918 | €4,463 | +€2,545 | +132.7% |
| Amounts payable within one year | 42/48 | €1,918 | €4,463 | +€2,545 | +132.7% |
| Trade debts | 44 | €292 | €1,704 | +€1,413 | +484.6% |
| Suppliers | 440/4 | €292 | €1,704 | +€1,413 | +484.6% |
| Taxes, remuneration and social security | 45 | €77 | - | -€77 | |
| Remuneration and social security | 454/9 | €77 | - | -€77 | |
| Other amounts payable | 47/48 | €1,550 | €2,759 | +€1,209 | +78.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,688 | €27,887 | +€23,199 | +494.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,231 | €2,946 | -€1,284 | -30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,116 | +€22,116 | |
| Other operating charges | 640/8 | €6,641 | €7,251 | +€610 | +9.2% |
| Gross operating margin | 9900 | €23,872 | -€5,165 | -€29,037 | |
| Operating profit (loss) | 9901 | €13,001 | -€37,478 | -€50,479 | |
| Financial income | 75/76B | €1,141 | €5 | -€1,136 | -99.5% |
| Recurring financial income | 75 | €1,141 | €5 | -€1,136 | -99.5% |
| Financial charges | 65/66B | €142 | €225 | +€83 | +58.8% |
| Recurring financial charges | 65 | €142 | €225 | +€83 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €14,000 | -€37,698 | -€51,698 | |
| Income taxes | 67/77 | €292 | €1,339 | +€1,047 | +358.2% |
| Profit (loss) for the period | 9904 | €13,708 | -€39,037 | -€52,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,708 | -€39,037 | -€52,745 |
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.