IMMOTECH: 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.
IMMOTECH
Largest movements
- Receivables within one year -€61,415
down €61,415 (-58.1%), from €105,763 to €44,348
of which Trade receivables: -€55,232
- Stocks and contracts +€60,880
up €60,880 (+176%), from €34,500 to €95,380
- Cash +€1,851
up €1,851 (+5.1%), from €36,060 to €37,911
mainly Receivables within one year (+€61,415) and Net result for the year (+€3,685)
- Reserves +€3,685
up €3,685 (+6.0%), from €61,764 to €65,449
of which Distributable reserves: +€3,685
- Tax, wage and social debts -€3,405
down €3,405 (-58.6%), from €5,808 to €2,403
- Gross operating margin -€26,926
down €26,926 (-79.0%), from €34,101 to €7,175
- Taxes -€7,510
down €7,510 (-75.8%), from €9,913 to €2,403
- Depreciation -€3,113
no longer reported in 2025 (was €3,113)
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 | €176,323 | €177,638 | +€1,315 | +0.7% |
| Current assets | 29/58 | €176,323 | €177,638 | +€1,315 | +0.7% |
| Stocks and contracts in progress | 3 | €34,500 | €95,380 | +€60,880 | +176% |
| Contracts in progress | 37 | €34,500 | €95,380 | +€60,880 | +176% |
| Amounts receivable within one year | 40/41 | €105,763 | €44,348 | -€61,415 | -58.1% |
| Trade receivables | 40 | €96,589 | €41,357 | -€55,232 | -57.2% |
| Other amounts receivable | 41 | €9,174 | €2,990 | -€6,183 | -67.4% |
| Cash at bank and in hand | 54/58 | €36,060 | €37,911 | +€1,851 | +5.1% |
| Total equity and liabilities | 10/49 | €176,323 | €177,638 | +€1,315 | +0.7% |
| Equity | 10/15 | €109,527 | €113,211 | +€3,685 | +3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,764 | €65,449 | +€3,685 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,904 | €63,589 | +€3,685 | +6.2% |
| Profit (loss) carried forward | 14 | €35,362 | €35,362 | = | 0.0% |
| Amounts payable | 17/49 | €66,796 | €64,427 | -€2,369 | -3.5% |
| Amounts payable within one year | 42/48 | €66,796 | €64,427 | -€2,369 | -3.5% |
| Trade debts | 44 | €15,260 | €15,241 | -€20 | -0.1% |
| Suppliers | 440/4 | €15,260 | €15,241 | -€20 | -0.1% |
| Taxes, remuneration and social security | 45 | €5,808 | €2,403 | -€3,405 | -58.6% |
| Taxes | 450/3 | €5,808 | €2,403 | -€3,405 | -58.6% |
| Other amounts payable | 47/48 | €45,728 | €46,784 | +€1,056 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,113 | - | -€3,113 | |
| Other operating charges | 640/8 | €963 | €1,161 | +€198 | +20.6% |
| Gross operating margin | 9900 | €34,101 | €7,175 | -€26,926 | -79.0% |
| Operating profit (loss) | 9901 | €30,025 | €6,014 | -€24,011 | -80.0% |
| Financial income | 75/76B | €165 | €202 | +€37 | +22.3% |
| Recurring financial income | 75 | €165 | €202 | +€37 | +22.3% |
| Financial charges | 65/66B | €423 | €129 | -€294 | -69.6% |
| Recurring financial charges | 65 | €423 | €129 | -€294 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €29,767 | €6,087 | -€23,679 | -79.6% |
| Income taxes | 67/77 | €9,913 | €2,403 | -€7,510 | -75.8% |
| Profit (loss) for the period | 9904 | €19,854 | €3,685 | -€16,169 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,854 | €3,685 | -€16,169 | -81.4% |
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 25 October 2026 via checked.be.