IMMOSAFE: 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.
IMMOSAFE
Largest movements
- Receivables within one year -€29,169
down €29,169 (-98.3%), from €29,666 to €497
of which Trade receivables: -€23,940
- Cash -€14,858
down €14,858 (-46.4%), from €32,003 to €17,145
mainly Net result for the year (-€24,717) and Other debts (-€15,720)
- Tangible fixed assets -€6,261
down €6,261 (-13.1%), from €47,823 to €41,563
of which Furniture and vehicles: -€11,076
- Deferred charges and accrued income +€1,343
up €1,343 (+141.4%), from €950 to €2,294
- Profit (loss) carried forward -€24,717
down €24,717 (-20.3%), from -€121,766 to -€146,483
- Other debts -€15,720
down €15,720 (-17.7%), from €88,800 to €73,080
- Trade debts -€8,754
down €8,754 (-45.4%), from €19,264 to €10,510
- Tax, wage and social debts +€1,409
up €1,409 (+268.6%), from €525 to €1,934
- Short-term financial debts -€1,162
down €1,162 (-100.0%), from €1,162 to €0
- Other operating charges +€5,717
up €5,717 (+776.8%), from €736 to €6,453
- Depreciation +€5,287
up €5,287 (+333.1%), from €1,587 to €6,874
- Gross operating margin +€4,503
up €4,503 (+155.7%), from €2,892 to €7,395
- Financial charges +€297
up €297 (+115.7%), from €256 to €553
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 | €110,443 | €61,499 | -€48,944 | -44.3% |
| Fixed assets | 21/28 | €47,823 | €41,563 | -€6,261 | -13.1% |
| Tangible fixed assets | 22/27 | €47,823 | €41,563 | -€6,261 | -13.1% |
| Furniture and vehicles | 24 | €40,770 | €29,694 | -€11,076 | -27.2% |
| Other tangible fixed assets | 26 | €7,054 | €11,869 | +€4,816 | +68.3% |
| Current assets | 29/58 | €62,619 | €19,936 | -€42,683 | -68.2% |
| Amounts receivable within one year | 40/41 | €29,666 | €497 | -€29,169 | -98.3% |
| Trade receivables | 40 | €24,279 | €339 | -€23,940 | -98.6% |
| Other amounts receivable | 41 | €5,387 | €158 | -€5,229 | -97.1% |
| Cash at bank and in hand | 54/58 | €32,003 | €17,145 | -€14,858 | -46.4% |
| Deferred charges and accrued income | 490/1 | €950 | €2,294 | +€1,343 | +141.4% |
| Total equity and liabilities | 10/49 | €110,443 | €61,499 | -€48,944 | -44.3% |
| Equity | 10/15 | €692 | -€24,025 | -€24,717 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €102,458 | €102,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €102,458 | €102,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,766 | -€146,483 | -€24,717 | -20.3% |
| Amounts payable | 17/49 | €109,751 | €85,524 | -€24,226 | -22.1% |
| Amounts payable within one year | 42/48 | €109,751 | €85,524 | -€24,226 | -22.1% |
| Financial debts | 43 | €1,162 | €0 | -€1,162 | -100.0% |
| Credit institutions | 430/8 | €1,162 | €0 | -€1,162 | -100.0% |
| Trade debts | 44 | €19,264 | €10,510 | -€8,754 | -45.4% |
| Suppliers | 440/4 | €19,264 | €10,510 | -€8,754 | -45.4% |
| Taxes, remuneration and social security | 45 | €525 | €1,934 | +€1,409 | +268.6% |
| Taxes | 450/3 | €525 | €1,934 | +€1,409 | +268.6% |
| Other amounts payable | 47/48 | €88,800 | €73,080 | -€15,720 | -17.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,587 | €6,874 | +€5,287 | +333.1% |
| Other operating charges | 640/8 | €736 | €6,453 | +€5,717 | +776.8% |
| Non-recurring operating charges | 66A | €0 | €18,091 | +€18,091 | |
| Gross operating margin | 9900 | €2,892 | €7,395 | +€4,503 | +155.7% |
| Operating profit (loss) | 9901 | €569 | -€24,023 | -€24,592 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €256 | €553 | +€297 | +115.7% |
| Recurring financial charges | 65 | €256 | €553 | +€297 | +115.7% |
| Profit (loss) for the period before taxes | 9903 | €318 | -€24,576 | -€24,894 | |
| Income taxes | 67/77 | €140 | €142 | +€2 | +1.1% |
| Profit (loss) for the period | 9904 | €178 | -€24,717 | -€24,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €178 | -€24,717 | -€24,896 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.