IMMORUD: 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.
IMMORUD
Largest movements
- Cash +€68,246
new in 2025: €68,246
mainly Current investments (+€64,897) and Net result for the year (+€32,891)
- Current investments -€64,897
no longer reported in 2025 (was €64,897)
- Tangible fixed assets -€11,579
down €11,579 (-29.5%), from €39,293 to €27,714
of which Furniture and vehicles: -€12,332
- Receivables within one year +€3,869
up €3,869 (+87.4%), from €4,427 to €8,295
- Profit (loss) carried forward -€49,609
down €49,609 (-53.8%), from €92,156 to €42,547
- Reserves +€32,500
up €32,500 (+23.2%), from €140,125 to €172,625
- Other debts +€22,337
up €22,337 (+64.2%), from €34,777 to €57,114
- Current portion of long-term debt -€9,323
down €9,323 (-91.6%), from €10,181 to €858
- Taxes +€3,015
up €3,015 (+23.3%), from €12,938 to €15,954
- Financial income +€2,738
new in 2025: €2,738
- Gross operating margin +€1,203
up €1,203 (+2.1%), from €58,519 to €59,722
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 | €288,616 | €284,255 | -€4,362 | -1.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €219,293 | €207,714 | -€11,579 | -5.3% |
| Tangible fixed assets | 22/27 | €39,293 | €27,714 | -€11,579 | -29.5% |
| Plant, machinery and equipment | 23 | - | €752 | +€752 | |
| Furniture and vehicles | 24 | €39,293 | €26,961 | -€12,332 | -31.4% |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €69,324 | €76,541 | +€7,218 | +10.4% |
| Amounts receivable within one year | 40/41 | €4,427 | €8,295 | +€3,869 | +87.4% |
| Other amounts receivable | 41 | €4,427 | €8,295 | +€3,869 | +87.4% |
| Current investments | 50/53 | €64,897 | - | -€64,897 | |
| Cash at bank and in hand | 54/58 | - | €68,246 | +€68,246 | |
| Total equity and liabilities | 10/49 | €288,616 | €284,255 | -€4,362 | -1.5% |
| Equity | 10/15 | €242,197 | €225,088 | -€17,109 | -7.1% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €140,125 | €172,625 | +€32,500 | +23.2% |
| Distributable reserves | 133 | €140,125 | €172,625 | +€32,500 | +23.2% |
| Profit (loss) carried forward | 14 | €92,156 | €42,547 | -€49,609 | -53.8% |
| Amounts payable | 17/49 | €46,420 | €59,167 | +€12,747 | +27.5% |
| Amounts payable after more than one year | 17 | €858 | - | -€858 | |
| Financial debts | 170/4 | €858 | - | -€858 | |
| Amounts payable within one year | 42/48 | €45,091 | €58,625 | +€13,534 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €10,181 | €858 | -€9,323 | -91.6% |
| Trade debts | 44 | €133 | - | -€133 | |
| Suppliers | 440/4 | €133 | - | -€133 | |
| Taxes, remuneration and social security | 45 | - | €654 | +€654 | |
| Taxes | 450/3 | - | €654 | +€654 | |
| Other amounts payable | 47/48 | €34,777 | €57,114 | +€22,337 | +64.2% |
| Accrued charges and deferred income | 492/3 | €472 | €542 | +€71 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,332 | €12,697 | +€366 | +3.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €58,519 | €59,722 | +€1,203 | +2.1% |
| Operating profit (loss) | 9901 | €46,070 | €46,905 | +€835 | +1.8% |
| Financial income | 75/76B | - | €2,738 | +€2,738 | |
| Recurring financial income | 75 | - | €2,738 | +€2,738 | |
| Financial charges | 65/66B | €1,173 | €798 | -€375 | -32.0% |
| Recurring financial charges | 65 | €1,173 | €798 | -€375 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €44,897 | €48,845 | +€3,948 | +8.8% |
| Income taxes | 67/77 | €12,938 | €15,954 | +€3,015 | +23.3% |
| Profit (loss) for the period | 9904 | €31,959 | €32,891 | +€933 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,959 | €32,891 | +€933 | +2.9% |
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 29 September 2026 via checked.be.