IMMOSTEEL: 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.
What changed
IMMOSTEEL
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,630
2024 · €36,988-€42,618
Equity
€496,613
2024 · €502,243-€5,630
Cash
€10,499
2024 · €24,842-€14,343
Balance sheet total
€1.6m
2024 · €1.7m-€52,423
Largest movements
Assets
- Tangible fixed assets -€37,641
down €37,641 (-2.3%), from €1.6m to €1.6m
Equity and liabilities
- Debts after one year -€71,891
down €71,891 (-7.8%), from €922,716 to €850,825
- Trade debts +€17,823
up €17,823 (+681.3%), from €2,616 to €20,439
Income statement
- Financial income -€103,949
down €103,949 (-100.0%), from €103,991 to €42
of which Non-recurring financial income: -€103,991
- Gross operating margin +€59,879
up €59,879 (+67.2%), from €89,045 to €148,924
- Depreciation +€16,650
up €16,650 (+16.5%), from €100,762 to €117,412
- Financial charges +€5,896
up €5,896 (+38.1%), from €15,469 to €21,365
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.
Result 2024
€36,988
Gross operating margin
+€59,879
Depreciation
-€16,650
Other operating charges
-€459
Other operating items
-€2,051
Financial income
-€103,949
Financial charges
-€5,896
Deferred taxes and other
+€26,507
Result 2025
-€5,630
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.
From operations
+€134,586
Investment
-€79,771
Financing
-€69,158
Cash 2024
€24,842
From operations (derived)
+€134,586
Net result for the year
-€5,630
Depreciation
+€117,412
Receivables within one year
+€439
Provisions
-€5,244
Trade debts
+€17,823
Other debts
+€9,143
Accrued charges and deferred income
+€643
Investment (derived)
-€79,771
Investment in fixed assets (net)
-€79,771
Financing
-€69,158
Debts after one year
-€71,891
Current portion of long-term debt
+€2,734
Cash 2025
€10,499
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,653,756 | €1,601,333 | -€52,423 | -3.2% |
| Fixed assets | 21/28 | €1,625,805 | €1,588,164 | -€37,641 | -2.3% |
| Tangible fixed assets | 22/27 | €1,625,805 | €1,588,164 | -€37,641 | -2.3% |
| Land and buildings | 22 | €1,625,805 | €1,588,164 | -€37,641 | -2.3% |
| Current assets | 29/58 | €27,951 | €13,169 | -€14,782 | -52.9% |
| Amounts receivable within one year | 40/41 | €3,109 | €2,670 | -€439 | -14.1% |
| Trade receivables | 40 | €2,076 | €2,076 | = | 0.0% |
| Other amounts receivable | 41 | €1,033 | €594 | -€439 | -42.5% |
| Cash at bank and in hand | 54/58 | €24,842 | €10,499 | -€14,343 | -57.7% |
| Total equity and liabilities | 10/49 | €1,653,756 | €1,601,333 | -€52,423 | -3.2% |
| Equity | 10/15 | €502,243 | €496,613 | -€5,630 | -1.1% |
| Contributions | 10/11 | €134,582 | €134,582 | = | 0.0% |
| Capital | 10 | €134,582 | €134,582 | = | 0.0% |
| Issued capital | 100 | €134,582 | €134,582 | = | 0.0% |
| Reserves | 13 | €372,872 | €359,993 | -€12,879 | -3.5% |
| Non-distributable reserves | 130/1 | €2,846 | €2,846 | = | 0.0% |
| Legal reserve | 130 | €2,846 | €2,846 | = | 0.0% |
| Tax-exempt reserves | 132 | €329,137 | €316,258 | -€12,879 | -3.9% |
| Distributable reserves | 133 | €40,889 | €40,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,211 | €2,038 | +€7,249 | |
| Provisions and deferred taxes | 16 | €136,010 | €130,766 | -€5,244 | -3.9% |
| Deferred taxes | 168 | €136,010 | €130,766 | -€5,244 | -3.9% |
| Amounts payable | 17/49 | €1,015,503 | €973,954 | -€41,549 | -4.1% |
| Amounts payable after more than one year | 17 | €922,716 | €850,825 | -€71,891 | -7.8% |
| Financial debts | 170/4 | €922,716 | €850,825 | -€71,891 | -7.8% |
| Amounts payable within one year | 42/48 | €91,638 | €121,338 | +€29,700 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €69,158 | €71,891 | +€2,734 | +4.0% |
| Trade debts | 44 | €2,616 | €20,439 | +€17,823 | +681.3% |
| Suppliers | 440/4 | €2,616 | €20,439 | +€17,823 | +681.3% |
| Other amounts payable | 47/48 | €19,864 | €29,007 | +€9,143 | +46.0% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,792 | +€643 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,762 | €117,412 | +€16,650 | +16.5% |
| Other operating charges | 640/8 | €18,554 | €19,013 | +€459 | +2.5% |
| Non-recurring operating charges | 66A | - | €2,051 | +€2,051 | |
| Gross operating margin | 9900 | €89,045 | €148,924 | +€59,879 | +67.2% |
| Operating profit (loss) | 9901 | -€30,271 | €10,449 | +€40,720 | |
| Financial income | 75/76B | €103,991 | €42 | -€103,949 | -100.0% |
| Recurring financial income | 75 | €103,991 | €42 | -€103,949 | -100.0% |
| Non-recurring financial income | 76B | €103,991 | - | -€103,991 | |
| Financial charges | 65/66B | €15,469 | €21,365 | +€5,896 | +38.1% |
| Recurring financial charges | 65 | €15,469 | €21,365 | +€5,896 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €58,251 | -€10,874 | -€69,125 | |
| Transfer from deferred taxes | 780 | €4,735 | €5,244 | +€509 | +10.8% |
| Transfer to deferred taxes | 680 | €25,998 | - | -€25,998 | |
| Profit (loss) for the period | 9904 | €36,988 | -€5,630 | -€42,618 | |
| Transfer from tax-exempt reserves | 789 | €11,352 | €12,879 | +€1,527 | +13.5% |
| Transfer to tax-exempt reserves | 689 | €77,993 | - | -€77,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,653 | €7,249 | +€36,902 |
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 4 October 2026 via checked.be.