IMMOTIONS: 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.
IMMOTIONS
Largest movements
- Receivables after one year +€2.5m
new in 2025: €2.5m
- Financial fixed assets -€1.5m
down €1.5m (-99.9%), from €1.5m to €900
- Receivables within one year +€300,412
up €300,412 (+39.4%), from €762,031 to €1.1m
of which Trade receivables: +€197,656
- Tangible fixed assets -€200,252
down €200,252 (-3.4%), from €5.9m to €5.7m
of which Land and buildings: -€177,314
- Reserves +€2.0m
up €2.0m (+1,217%), from €164,686 to €2.2m
of which Distributable reserves: +€2.0m
- Short-term financial debts -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Other debts -€550,751
down €550,751 (-68.1%), from €808,796 to €258,045
- Debts after one year +€372,983
up €372,983 (+10.6%), from €3.5m to €3.9m
- Tax, wage and social debts +€216,574
up €216,574 (+454%), from €47,721 to €264,296
of which Taxes: +€232,353
- Financial income +€2.0m
up €2.0m (+2,458%), from €79,833 to €2.0m
of which Non-recurring financial income: +€2.0m
- Gross operating margin -€636,956
down €636,956 (-47.9%), from €1.3m to €691,582
- Other operating charges -€342,545
down €342,545 (-86.0%), from €398,322 to €55,777
- Taxes +€140,461
up €140,461 (+124%), from €113,575 to €254,036
- Staff costs -€80,551
down €80,551 (-75.1%), from €107,215 to €26,665
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 | €8,227,336 | €9,270,409 | +€1.0m | +12.7% |
| Fixed assets | 21/28 | €7,375,827 | €5,661,542 | -€1.7m | -23.2% |
| Tangible fixed assets | 22/27 | €5,860,893 | €5,660,642 | -€200,252 | -3.4% |
| Land and buildings | 22 | €5,269,015 | €5,091,701 | -€177,314 | -3.4% |
| Plant, machinery and equipment | 23 | €24,738 | €10,907 | -€13,832 | -55.9% |
| Furniture and vehicles | 24 | €567,140 | €558,034 | -€9,106 | -1.6% |
| Financial fixed assets | 28 | €1,514,934 | €900 | -€1.5m | -99.9% |
| Current assets | 29/58 | €851,508 | €3,608,867 | +€2.8m | +324% |
| Amounts receivable after more than one year | 29 | - | €2,491,936 | +€2.5m | |
| Other amounts receivable | 291 | - | €2,491,936 | +€2.5m | |
| Amounts receivable within one year | 40/41 | €762,031 | €1,062,443 | +€300,412 | +39.4% |
| Trade receivables | 40 | €490,453 | €688,109 | +€197,656 | +40.3% |
| Other amounts receivable | 41 | €271,578 | €374,334 | +€102,756 | +37.8% |
| Cash at bank and in hand | 54/58 | €89,477 | €45,488 | -€43,989 | -49.2% |
| Deferred charges and accrued income | 490/1 | - | €9,000 | +€9,000 | |
| Total equity and liabilities | 10/49 | €8,227,336 | €9,270,409 | +€1.0m | +12.7% |
| Equity | 10/15 | €2,287,516 | €4,292,433 | +€2.0m | +87.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,686 | €2,169,603 | +€2.0m | +1,217% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €906 | €906 | = | 0.0% |
| Distributable reserves | 133 | €161,920 | €2,168,697 | +€2.0m | +1,239% |
| Profit (loss) carried forward | 14 | €2,104,230 | €2,104,230 | = | 0.0% |
| Amounts payable | 17/49 | €5,939,820 | €4,977,976 | -€961,844 | -16.2% |
| Amounts payable after more than one year | 17 | €3,516,167 | €3,889,150 | +€372,983 | +10.6% |
| Financial debts | 170/4 | €3,516,167 | €3,889,150 | +€372,983 | +10.6% |
| Amounts payable within one year | 42/48 | €2,386,078 | €1,045,327 | -€1.3m | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €322,873 | €510,689 | +€187,815 | +58.2% |
| Financial debts | 43 | €1,160,664 | €0 | -€1.2m | -100% |
| Credit institutions | 430/8 | €1,160,664 | €0 | -€1.2m | -100% |
| Trade debts | 44 | €46,023 | €12,297 | -€33,726 | -73.3% |
| Suppliers | 440/4 | €46,023 | €12,297 | -€33,726 | -73.3% |
| Taxes, remuneration and social security | 45 | €47,721 | €264,296 | +€216,574 | +454% |
| Taxes | 450/3 | €31,942 | €264,296 | +€232,353 | +727% |
| Remuneration and social security | 454/9 | €15,779 | €0 | -€15,779 | -100% |
| Other amounts payable | 47/48 | €808,796 | €258,045 | -€550,751 | -68.1% |
| Accrued charges and deferred income | 492/3 | €37,575 | €43,500 | +€5,925 | +15.8% |
| Non-recurring operating income | 76A | €35,974 | €5,360 | -€30,614 | -85.1% |
| Remuneration, social security and pensions | 62 | €107,215 | €26,665 | -€80,551 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,049 | €228,046 | -€4,003 | -1.7% |
| Other operating charges | 640/8 | €398,322 | €55,777 | -€342,545 | -86.0% |
| Non-recurring operating charges | 66A | - | €304 | +€304 | |
| Gross operating margin | 9900 | €1,328,538 | €691,582 | -€636,956 | -47.9% |
| Operating profit (loss) | 9901 | €590,952 | €380,790 | -€210,162 | -35.6% |
| Financial income | 75/76B | €79,833 | €2,041,739 | +€2.0m | +2,458% |
| Recurring financial income | 75 | €79,833 | €63,836 | -€15,997 | -20.0% |
| Non-recurring financial income | 76B | - | €1,977,902 | +€2.0m | |
| Financial charges | 65/66B | €170,442 | €163,576 | -€6,866 | -4.0% |
| Recurring financial charges | 65 | €170,442 | €163,576 | -€6,866 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €500,343 | €2,258,953 | +€1.8m | +351% |
| Income taxes | 67/77 | €113,575 | €254,036 | +€140,461 | +124% |
| Profit (loss) for the period | 9904 | €386,769 | €2,004,917 | +€1.6m | +418% |
| Profit (loss) for the period to be appropriated | 9905 | €386,769 | €2,004,917 | +€1.6m | +418% |
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 14 October 2026 via checked.be.