IMMORUST: 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.
IMMORUST
Largest movements
- Tangible fixed assets -€16,889
down €16,889 (-3.7%), from €455,643 to €438,754
- Receivables within one year -€14,629
no longer reported in 2025 (was €14,629)
- Cash -€8,570
down €8,570 (-65.3%), from €13,114 to €4,544
mainly Debts after one year (-€39,661) and Other debts (-€19,091)
- Debts after one year -€39,661
down €39,661 (-12.8%), from €310,632 to €270,971
- Other debts -€19,091
down €19,091 (-16.6%), from €114,922 to €95,831
- Profit (loss) carried forward +€18,616
up €18,616 (+57.2%), from -€32,561 to -€13,945
- Gross operating margin +€5,411
up €5,411 (+11.8%), from €45,751 to €51,162
- Financial charges -€1,243
down €1,243 (-10.8%), from €11,478 to €10,235
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 | €484,066 | €443,993 | -€40,073 | -8.3% |
| Fixed assets | 21/28 | €455,643 | €438,754 | -€16,889 | -3.7% |
| Tangible fixed assets | 22/27 | €455,643 | €438,754 | -€16,889 | -3.7% |
| Land and buildings | 22 | €455,643 | €438,754 | -€16,889 | -3.7% |
| Current assets | 29/58 | €28,423 | €5,239 | -€23,184 | -81.6% |
| Amounts receivable within one year | 40/41 | €14,629 | - | -€14,629 | |
| Trade receivables | 40 | €14,629 | - | -€14,629 | |
| Cash at bank and in hand | 54/58 | €13,114 | €4,544 | -€8,570 | -65.3% |
| Deferred charges and accrued income | 490/1 | €680 | €695 | +€15 | +2.2% |
| Total equity and liabilities | 10/49 | €484,066 | €443,993 | -€40,073 | -8.3% |
| Equity | 10/15 | €18,771 | €37,387 | +€18,616 | +99.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,332 | €1,332 | -€0 | 0.0% |
| Distributable reserves | 133 | €1,332 | €1,332 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€32,561 | -€13,945 | +€18,616 | +57.2% |
| Amounts payable | 17/49 | €465,295 | €406,607 | -€58,688 | -12.6% |
| Amounts payable after more than one year | 17 | €310,632 | €270,971 | -€39,661 | -12.8% |
| Financial debts | 170/4 | €310,632 | €270,971 | -€39,661 | -12.8% |
| Amounts payable within one year | 42/48 | €154,663 | €135,636 | -€19,027 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €39,600 | €39,661 | +€61 | +0.2% |
| Trade debts | 44 | €141 | €144 | +€3 | +2.2% |
| Suppliers | 440/4 | €141 | €144 | +€3 | +2.2% |
| Other amounts payable | 47/48 | €114,922 | €95,831 | -€19,091 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,905 | €22,101 | +€196 | +0.9% |
| Other operating charges | 640/8 | €204 | €210 | +€6 | +2.8% |
| Gross operating margin | 9900 | €45,751 | €51,162 | +€5,411 | +11.8% |
| Operating profit (loss) | 9901 | €23,642 | €28,851 | +€5,209 | +22.0% |
| Financial charges | 65/66B | €11,478 | €10,235 | -€1,243 | -10.8% |
| Recurring financial charges | 65 | €11,478 | €10,235 | -€1,243 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €12,164 | €18,616 | +€6,452 | +53.0% |
| Profit (loss) for the period | 9904 | €12,164 | €18,616 | +€6,452 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,164 | €18,616 | +€6,452 | +53.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.