IMMOTORI: 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.
IMMOTORI
Largest movements
- Tangible fixed assets -€121,793
down €121,793 (-23.7%), from €513,625 to €391,831
of which Land and buildings: -€107,671
- Cash +€52,596
up €52,596 (+26.7%), from €196,705 to €249,301
mainly Depreciation (+€128,072) and Deferred charges and accrued income (+€5,792)
- Other debts -€38,929
down €38,929 (-17.8%), from €219,265 to €180,336
- Debts after one year -€11,066
down €11,066 (-20.3%), from €54,476 to €43,410
- Provisions -€10,384
down €10,384 (-25.0%), from €41,537 to €31,153
- Trade debts -€9,858
down €9,858 (-42.0%), from €23,473 to €13,615
- Gross operating margin +€13,615
up €13,615 (+9.4%), from €145,373 to €158,989
- Depreciation -€8,219
down €8,219 (-6.0%), from €136,290 to €128,072
- Taxes +€6,261
up €6,261 (+118%), from €5,314 to €11,575
- Financial charges -€4,569
down €4,569 (-22.8%), from €20,043 to €15,475
- Staff costs +€2,124
up €2,124 (+496%), from €428 to €2,552
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 | €735,349 | €666,036 | -€69,312 | -9.4% |
| Fixed assets | 21/28 | €513,625 | €391,831 | -€121,793 | -23.7% |
| Tangible fixed assets | 22/27 | €513,625 | €391,831 | -€121,793 | -23.7% |
| Land and buildings | 22 | €443,651 | €335,981 | -€107,671 | -24.3% |
| Plant, machinery and equipment | 23 | €61,173 | €49,074 | -€12,099 | -19.8% |
| Furniture and vehicles | 24 | €8,801 | €6,777 | -€2,023 | -23.0% |
| Current assets | 29/58 | €221,724 | €274,205 | +€52,481 | +23.7% |
| Stocks and contracts in progress | 3 | €4,080 | €5,659 | +€1,579 | +38.7% |
| Stocks | 30/36 | €4,080 | €5,659 | +€1,579 | +38.7% |
| Amounts receivable within one year | 40/41 | €8,258 | €12,356 | +€4,098 | +49.6% |
| Trade receivables | 40 | €851 | €7,183 | +€6,332 | +744% |
| Other amounts receivable | 41 | €7,407 | €5,172 | -€2,234 | -30.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €196,705 | €249,301 | +€52,596 | +26.7% |
| Deferred charges and accrued income | 490/1 | €12,681 | €6,889 | -€5,792 | -45.7% |
| Total equity and liabilities | 10/49 | €735,349 | €666,036 | -€69,312 | -9.4% |
| Equity | 10/15 | €355,724 | €353,770 | -€1,954 | -0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €294,224 | €292,270 | -€1,954 | -0.7% |
| Tax-exempt reserves | 132 | €80,630 | €60,472 | -€20,157 | -25.0% |
| Distributable reserves | 133 | €213,595 | €231,798 | +€18,203 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €41,537 | €31,153 | -€10,384 | -25.0% |
| Deferred taxes | 168 | €41,537 | €31,153 | -€10,384 | -25.0% |
| Amounts payable | 17/49 | €338,088 | €281,114 | -€56,974 | -16.9% |
| Amounts payable after more than one year | 17 | €54,476 | €43,410 | -€11,066 | -20.3% |
| Financial debts | 170/4 | €54,476 | €43,410 | -€11,066 | -20.3% |
| Amounts payable within one year | 42/48 | €256,855 | €213,133 | -€43,722 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €10,961 | €11,066 | +€105 | +1.0% |
| Trade debts | 44 | €23,473 | €13,615 | -€9,858 | -42.0% |
| Suppliers | 440/4 | €23,473 | €13,615 | -€9,858 | -42.0% |
| Taxes, remuneration and social security | 45 | €3,155 | €8,115 | +€4,960 | +157% |
| Taxes | 450/3 | €2,727 | €7,693 | +€4,966 | +182% |
| Remuneration and social security | 454/9 | €428 | €422 | -€6 | -1.4% |
| Other amounts payable | 47/48 | €219,265 | €180,336 | -€38,929 | -17.8% |
| Accrued charges and deferred income | 492/3 | €26,757 | €24,571 | -€2,186 | -8.2% |
| Remuneration, social security and pensions | 62 | €428 | €2,552 | +€2,124 | +496% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,290 | €128,072 | -€8,219 | -6.0% |
| Other operating charges | 640/8 | €13,841 | €13,779 | -€62 | -0.4% |
| Gross operating margin | 9900 | €145,373 | €158,989 | +€13,615 | +9.4% |
| Operating profit (loss) | 9901 | -€5,187 | €14,585 | +€19,772 | |
| Financial income | 75/76B | €1,623 | €126 | -€1,497 | -92.2% |
| Recurring financial income | 75 | €1,623 | €126 | -€1,497 | -92.2% |
| Financial charges | 65/66B | €20,043 | €15,475 | -€4,569 | -22.8% |
| Recurring financial charges | 65 | €20,043 | €15,475 | -€4,569 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,607 | -€763 | +€22,844 | +96.8% |
| Transfer from deferred taxes | 780 | €10,384 | €10,384 | = | 0.0% |
| Income taxes | 67/77 | €5,314 | €11,575 | +€6,261 | +118% |
| Profit (loss) for the period | 9904 | -€18,537 | -€1,954 | +€16,583 | +89.5% |
| Transfer from tax-exempt reserves | 789 | €20,157 | €20,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,620 | €18,203 | +€16,583 | +1,023% |
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.