IMMOTEX: 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.
IMMOTEX
Largest movements
- Cash +€67,292
up €67,292 (+35.8%), from €187,980 to €255,272
mainly Net result for the year (+€111,785) and Depreciation (+€60,943)
- Deferred charges and accrued income -€29,130
down €29,130 (-20.0%), from €145,978 to €116,848
- Tangible fixed assets +€19,959
up €19,959 (+2.0%), from €1.0m to €1.0m
of which Land and buildings: +€21,459
- Reserves +€111,000
up €111,000 (+295.6%), from €37,550 to €148,550
of which Distributable reserves: +€105,000
- Debts after one year -€50,280
down €50,280 (-45.2%), from €111,211 to €60,930
- Staff costs +€6,603
up €6,603, from -€2,831 to €3,772
- Taxes +€6,595
up €6,595 (+15.7%), from €41,971 to €48,565
- Depreciation +€3,259
up €3,259 (+5.7%), from €57,684 to €60,943
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 | €1,347,903 | €1,403,904 | +€56,001 | +4.2% |
| Fixed assets | 21/28 | €1,010,883 | €1,030,842 | +€19,959 | +2.0% |
| Tangible fixed assets | 22/27 | €1,010,883 | €1,030,842 | +€19,959 | +2.0% |
| Land and buildings | 22 | €1,007,486 | €1,028,945 | +€21,459 | +2.1% |
| Plant, machinery and equipment | 23 | €3,397 | €1,896 | -€1,501 | -44.2% |
| Current assets | 29/58 | €337,020 | €373,062 | +€36,042 | +10.7% |
| Amounts receivable within one year | 40/41 | €3,063 | €943 | -€2,120 | -69.2% |
| Trade receivables | 40 | €0 | €927 | +€927 | |
| Other amounts receivable | 41 | €3,063 | €16 | -€3,046 | -99.5% |
| Cash at bank and in hand | 54/58 | €187,980 | €255,272 | +€67,292 | +35.8% |
| Deferred charges and accrued income | 490/1 | €145,978 | €116,848 | -€29,130 | -20.0% |
| Total equity and liabilities | 10/49 | €1,347,903 | €1,403,904 | +€56,001 | +4.2% |
| Equity | 10/15 | €1,171,680 | €1,283,465 | +€111,785 | +9.5% |
| Contributions | 10/11 | €575,000 | €575,000 | = | 0.0% |
| Capital | 10 | €575,000 | €575,000 | = | 0.0% |
| Issued capital | 100 | €575,000 | €575,000 | = | 0.0% |
| Reserves | 13 | €37,550 | €148,550 | +€111,000 | +295.6% |
| Non-distributable reserves | 130/1 | €37,550 | €43,550 | +€6,000 | +16.0% |
| Legal reserve | 130 | €37,550 | €43,550 | +€6,000 | +16.0% |
| Distributable reserves | 133 | - | €105,000 | +€105,000 | |
| Profit (loss) carried forward | 14 | €559,130 | €559,915 | +€785 | +0.1% |
| Amounts payable | 17/49 | €176,223 | €120,438 | -€55,784 | -31.7% |
| Amounts payable after more than one year | 17 | €111,211 | €60,930 | -€50,280 | -45.2% |
| Financial debts | 170/4 | €111,211 | €60,930 | -€50,280 | -45.2% |
| Amounts payable within one year | 42/48 | €65,012 | €59,508 | -€5,504 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €51,712 | €52,565 | +€853 | +1.7% |
| Trade debts | 44 | €13,282 | €3,373 | -€9,909 | -74.6% |
| Suppliers | 440/4 | €13,282 | €3,373 | -€9,909 | -74.6% |
| Taxes, remuneration and social security | 45 | €19 | €3,571 | +€3,552 | +19189.7% |
| Taxes | 450/3 | €0 | €3,565 | +€3,565 | |
| Remuneration and social security | 454/9 | €19 | €6 | -€13 | -70.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€2,831 | €3,772 | +€6,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,684 | €60,943 | +€3,259 | +5.7% |
| Other operating charges | 640/8 | €27,014 | €27,829 | +€814 | +3.0% |
| Gross operating margin | 9900 | €255,385 | €255,818 | +€432 | +0.2% |
| Operating profit (loss) | 9901 | €173,519 | €163,274 | -€10,244 | -5.9% |
| Financial charges | 65/66B | €3,634 | €2,924 | -€710 | -19.5% |
| Recurring financial charges | 65 | €3,634 | €2,924 | -€710 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €169,884 | €160,350 | -€9,534 | -5.6% |
| Income taxes | 67/77 | €41,971 | €48,565 | +€6,595 | +15.7% |
| Profit (loss) for the period | 9904 | €127,914 | €111,785 | -€16,129 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127,914 | €111,785 | -€16,129 | -12.6% |
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 12 October 2026 via checked.be.