IMMOROG: 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.
IMMOROG
Largest movements
- Tangible fixed assets -€40,234
down €40,234 (-5.6%), from €715,808 to €675,574
of which Land and buildings: -€40,234
- Receivables within one year +€28,102
up €28,102 (+40.5%), from €69,358 to €97,460
- Cash -€17,268
down €17,268 (-31.7%), from €54,435 to €37,166
mainly Receivables within one year (-€28,102) and Current investments (-€16,161)
- Current investments +€16,161
up €16,161 (+29.9%), from €54,136 to €70,297
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€29,706
down €29,706 (-36.5%), from €81,470 to €51,765
- Financial charges -€2,376
down €2,376 (-35.7%), from €6,663 to €4,286
- Depreciation +€2,168
up €2,168 (+5.7%), from €38,066 to €40,234
- Financial income +€1,344
up €1,344 (+45.7%), from €2,941 to €4,285
- Taxes -€997
down €997 (-100.0%), from €997 to €0
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 | €896,305 | €885,311 | -€10,994 | -1.2% |
| Fixed assets | 21/28 | €715,808 | €675,574 | -€40,234 | -5.6% |
| Tangible fixed assets | 22/27 | €715,808 | €675,574 | -€40,234 | -5.6% |
| Land and buildings | 22 | €715,808 | €675,574 | -€40,234 | -5.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €180,498 | €209,737 | +€29,239 | +16.2% |
| Amounts receivable within one year | 40/41 | €69,358 | €97,460 | +€28,102 | +40.5% |
| Other amounts receivable | 41 | €69,358 | €97,460 | +€28,102 | +40.5% |
| Current investments | 50/53 | €54,136 | €70,297 | +€16,161 | +29.9% |
| Cash at bank and in hand | 54/58 | €54,435 | €37,166 | -€17,268 | -31.7% |
| Deferred charges and accrued income | 490/1 | €2,569 | €4,814 | +€2,245 | +87.4% |
| Total equity and liabilities | 10/49 | €896,305 | €885,311 | -€10,994 | -1.2% |
| Equity | 10/15 | €830,535 | €822,090 | -€8,446 | -1.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,465 | -€177,910 | -€8,446 | -5.0% |
| Amounts payable | 17/49 | €65,770 | €63,221 | -€2,549 | -3.9% |
| Amounts payable within one year | 42/48 | €65,770 | €63,221 | -€2,549 | -3.9% |
| Trade debts | 44 | €5,034 | €4,427 | -€607 | -12.1% |
| Suppliers | 440/4 | €5,034 | €4,427 | -€607 | -12.1% |
| Taxes, remuneration and social security | 45 | €2,826 | €1,118 | -€1,708 | -60.4% |
| Taxes | 450/3 | €2,826 | €1,118 | -€1,708 | -60.4% |
| Other amounts payable | 47/48 | €57,909 | €57,676 | -€233 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,066 | €40,234 | +€2,168 | +5.7% |
| Other operating charges | 640/8 | €19,681 | €19,976 | +€294 | +1.5% |
| Gross operating margin | 9900 | €81,470 | €51,765 | -€29,706 | -36.5% |
| Operating profit (loss) | 9901 | €23,723 | -€8,444 | -€32,167 | |
| Financial income | 75/76B | €2,941 | €4,285 | +€1,344 | +45.7% |
| Recurring financial income | 75 | €2,941 | €4,285 | +€1,344 | +45.7% |
| Financial charges | 65/66B | €6,663 | €4,286 | -€2,376 | -35.7% |
| Recurring financial charges | 65 | €6,663 | €4,286 | -€2,376 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €20,001 | -€8,446 | -€28,447 | |
| Income taxes | 67/77 | €997 | €0 | -€997 | -100.0% |
| Profit (loss) for the period | 9904 | €19,004 | -€8,446 | -€27,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,004 | -€8,446 | -€27,450 |
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 4 October 2026 via checked.be.