IMMOTERRA: 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.
IMMOTERRA
Largest movements
- Receivables within one year +€540,798
up €540,798 (+16.1%), from €3.4m to €3.9m
- Cash -€536,242
down €536,242 (-70.2%), from €763,497 to €227,255
mainly Receivables within one year (-€540,798)
No liability line moved by more than 1% of the balance sheet total.
- Taxes -€491,645
down €491,645 (-100.0%), from €491,847 to €202
- Financial income -€5,641
down €5,641 (-100%), from €5,641 to €0
- Other operating charges -€1,167
down €1,167 (-49.3%), from €2,365 to €1,198
- Gross operating margin -€1,031
down €1,031 (-33.4%), from €3,084 to €2,052
- Financial charges -€115
down €115 (-71.9%), from €160 to €45
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 | €4,201,115 | €4,201,721 | +€607 | 0.0% |
| Fixed assets | 21/28 | €66,084 | €66,084 | = | 0.0% |
| Tangible fixed assets | 22/27 | €66,084 | €66,084 | = | 0.0% |
| Land and buildings | 22 | €66,084 | €66,084 | = | 0.0% |
| Current assets | 29/58 | €4,135,030 | €4,135,637 | +€607 | 0.0% |
| Amounts receivable within one year | 40/41 | €3,367,585 | €3,908,382 | +€540,798 | +16.1% |
| Other amounts receivable | 41 | €3,367,585 | €3,908,382 | +€540,798 | +16.1% |
| Cash at bank and in hand | 54/58 | €763,497 | €227,255 | -€536,242 | -70.2% |
| Deferred charges and accrued income | 490/1 | €3,949 | €0 | -€3,949 | -100% |
| Total equity and liabilities | 10/49 | €4,201,115 | €4,201,721 | +€607 | 0.0% |
| Equity | 10/15 | €3,705,960 | €3,706,566 | +€607 | 0.0% |
| Contributions | 10/11 | €1,475,000 | €1,475,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,475,000 | €1,475,000 | = | 0.0% |
| Other | 1109/19 | €1,475,000 | €1,475,000 | = | 0.0% |
| Reserves | 13 | €2,230,960 | €2,231,566 | +€607 | 0.0% |
| Non-distributable reserves | 130/1 | €88,717 | €88,717 | = | 0.0% |
| Reserves not available under the articles | 1311 | €88,717 | €88,717 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,142,243 | €2,142,849 | +€607 | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €495,155 | €495,155 | = | 0.0% |
| Amounts payable within one year | 42/48 | €495,155 | €495,155 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €490,155 | €490,155 | = | 0.0% |
| Taxes | 450/3 | €490,155 | €490,155 | = | 0.0% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,365 | €1,198 | -€1,167 | -49.3% |
| Gross operating margin | 9900 | €3,084 | €2,052 | -€1,031 | -33.4% |
| Operating profit (loss) | 9901 | €719 | €854 | +€135 | +18.8% |
| Financial income | 75/76B | €5,641 | €0 | -€5,641 | -100% |
| Recurring financial income | 75 | €5,641 | €0 | -€5,641 | -100% |
| Financial charges | 65/66B | €160 | €45 | -€115 | -71.9% |
| Recurring financial charges | 65 | €160 | €45 | -€115 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €6,200 | €809 | -€5,390 | -86.9% |
| Transfer from deferred taxes | 780 | €361,661 | €0 | -€361,661 | -100% |
| Income taxes | 67/77 | €491,847 | €202 | -€491,645 | -100.0% |
| Profit (loss) for the period | 9904 | -€123,987 | €607 | +€124,593 | |
| Transfer from tax-exempt reserves | 789 | €1,084,983 | €0 | -€1.1m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €960,997 | €607 | -€960,390 | -99.9% |
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 24 October 2026 via checked.be.