Immotalis: what changed
Two financial 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.
Immotalis
Largest movements
- Stocks and contracts +€907,209
up €907,209 (+136,320%), from €666 to €907,875
- Cash -€26,610
down €26,610 (-38.1%), from €69,906 to €43,296
mainly Stocks and contracts (-€907,209) and Net result for the year (-€49,785)
- Short-term financial debts +€655,606
new in 2025: €655,606
- Debts after one year +€238,051
up €238,051, from €0 to €238,051
- Trade debts +€33,952
up €33,952 (+6,916%), from €491 to €34,443
- Reserves -€31,937
down €31,937 (-100%), from €31,937 to €0
- Profit (loss) carried forward -€17,848
down €17,848, from €0 to -€17,848
- Gross operating margin -€124,539
down €124,539, from €93,361 to -€31,178
- Taxes -€8,144
down €8,144 (-100%), from €8,144 to €0
- Other operating charges +€1,007
up €1,007 (+57.3%), from €1,758 to €2,765
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.
Derived cash bridge
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 | €70,572 | €952,031 | +€881,460 | +1,249% |
| Current assets | 29/58 | €70,572 | €952,031 | +€881,460 | +1,249% |
| Stocks and contracts in progress | 3 | €666 | €907,875 | +€907,209 | +136,320% |
| Stocks | 30/36 | €666 | €907,875 | +€907,209 | +136,320% |
| Cash at bank and in hand | 54/58 | €69,906 | €43,296 | -€26,610 | -38.1% |
| Deferred charges and accrued income | 490/1 | €0 | €860 | +€860 | |
| Total equity and liabilities | 10/49 | €70,572 | €952,031 | +€881,460 | +1,249% |
| Equity | 10/15 | €61,937 | €12,152 | -€49,785 | -80.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €31,937 | €0 | -€31,937 | -100% |
| Distributable reserves | 133 | €31,937 | €0 | -€31,937 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€17,848 | -€17,848 | |
| Amounts payable | 17/49 | €8,635 | €939,879 | +€931,245 | +10,785% |
| Amounts payable after more than one year | 17 | €0 | €238,051 | +€238,051 | |
| Financial debts | 170/4 | €0 | €238,051 | +€238,051 | |
| Amounts payable within one year | 42/48 | €8,635 | €698,495 | +€689,860 | +7,989% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €655,606 | +€655,606 | |
| Credit institutions | 430/8 | - | €655,606 | +€655,606 | |
| Trade debts | 44 | €491 | €34,443 | +€33,952 | +6,916% |
| Suppliers | 440/4 | €491 | €34,443 | +€33,952 | +6,916% |
| Taxes, remuneration and social security | 45 | €8,144 | €8,144 | = | 0.0% |
| Taxes | 450/3 | €8,144 | €8,144 | = | 0.0% |
| Other amounts payable | 47/48 | - | €302 | +€302 | |
| Accrued charges and deferred income | 492/3 | €0 | €3,333 | +€3,333 | |
| Other operating charges | 640/8 | €1,758 | €2,765 | +€1,007 | +57.3% |
| Gross operating margin | 9900 | €93,361 | -€31,178 | -€124,539 | |
| Operating profit (loss) | 9901 | €91,603 | -€33,944 | -€125,546 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €16,513 | €15,841 | -€671 | -4.1% |
| Recurring financial charges | 65 | €16,513 | €15,841 | -€671 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €75,090 | -€49,785 | -€124,875 | |
| Income taxes | 67/77 | €8,144 | €0 | -€8,144 | -100% |
| Profit (loss) for the period | 9904 | €66,946 | -€49,785 | -€116,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,946 | -€49,785 | -€116,731 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.