IMMOTIVE: 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.
IMMOTIVE
Largest movements
- Cash +€5,817
up €5,817 (+12.3%), from €47,174 to €52,991
mainly Depreciation (+€46,169) and Net result for the year (+€28,011)
- Tangible fixed assets +€5,336
up €5,336 (+1.4%), from €391,591 to €396,927
of which Assets under construction and advance payments: +€23,632
- Profit (loss) carried forward +€28,011
up €28,011 (+234%), from €11,970 to €39,982
- Other debts -€15,001
down €15,001 (-9.6%), from €155,839 to €140,838
- Trade debts -€8,955
no longer reported in 2025 (was €8,955)
- Tax, wage and social debts +€7,763
up €7,763 (+129%), from €5,996 to €13,759
- Gross operating margin +€9,174
up €9,174 (+9.6%), from €95,625 to €104,799
- Taxes +€9,137
up €9,137 (+833%), from €1,096 to €10,234
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 | €445,481 | €457,945 | +€12,463 | +2.8% |
| Fixed assets | 21/28 | €391,591 | €396,927 | +€5,336 | +1.4% |
| Tangible fixed assets | 22/27 | €391,591 | €396,927 | +€5,336 | +1.4% |
| Land and buildings | 22 | €276,499 | €251,113 | -€25,387 | -9.2% |
| Furniture and vehicles | 24 | €18,622 | €12,660 | -€5,962 | -32.0% |
| Other tangible fixed assets | 26 | €83,800 | €96,854 | +€13,054 | +15.6% |
| Assets under construction and advance payments | 27 | €12,669 | €36,300 | +€23,632 | +187% |
| Current assets | 29/58 | €53,891 | €61,018 | +€7,127 | +13.2% |
| Amounts receivable within one year | 40/41 | €5,361 | €6,538 | +€1,176 | +21.9% |
| Trade receivables | 40 | €5,361 | €6,538 | +€1,176 | +21.9% |
| Cash at bank and in hand | 54/58 | €47,174 | €52,991 | +€5,817 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,489 | +€134 | +9.9% |
| Total equity and liabilities | 10/49 | €445,481 | €457,945 | +€12,463 | +2.8% |
| Equity | 10/15 | €30,570 | €58,582 | +€28,011 | +91.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,970 | €39,982 | +€28,011 | +234% |
| Amounts payable | 17/49 | €414,911 | €399,363 | -€15,548 | -3.7% |
| Amounts payable after more than one year | 17 | €206,701 | €206,477 | -€224 | -0.1% |
| Financial debts | 170/4 | €206,701 | €206,477 | -€224 | -0.1% |
| Amounts payable within one year | 42/48 | €205,847 | €191,121 | -€14,726 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €35,056 | €36,524 | +€1,467 | +4.2% |
| Trade debts | 44 | €8,955 | - | -€8,955 | |
| Suppliers | 440/4 | €8,955 | - | -€8,955 | |
| Taxes, remuneration and social security | 45 | €5,996 | €13,759 | +€7,763 | +129% |
| Taxes | 450/3 | €5,996 | €13,759 | +€7,763 | +129% |
| Other amounts payable | 47/48 | €155,839 | €140,838 | -€15,001 | -9.6% |
| Accrued charges and deferred income | 492/3 | €2,363 | €1,765 | -€598 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,370 | €46,169 | -€201 | -0.4% |
| Other operating charges | 640/8 | €4,408 | €4,545 | +€136 | +3.1% |
| Gross operating margin | 9900 | €95,625 | €104,799 | +€9,174 | +9.6% |
| Operating profit (loss) | 9901 | €44,847 | €54,085 | +€9,238 | +20.6% |
| Financial income | 75/76B | €39 | €135 | +€97 | +249% |
| Recurring financial income | 75 | €39 | €135 | +€97 | +249% |
| Financial charges | 65/66B | €16,307 | €15,976 | -€331 | -2.0% |
| Recurring financial charges | 65 | €16,307 | €15,976 | -€331 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €28,579 | €38,245 | +€9,666 | +33.8% |
| Income taxes | 67/77 | €1,096 | €10,234 | +€9,137 | +833% |
| Profit (loss) for the period | 9904 | €27,483 | €28,011 | +€528 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,483 | €28,011 | +€528 | +1.9% |
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 18 October 2026 via checked.be.