Immotrade: 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.
Immotrade
Largest movements
- Cash -€40,253
down €40,253 (-90.8%), from €44,329 to €4,076
mainly Debts after one year (-€48,038) and Other debts (-€39,213)
- Tangible fixed assets -€37,413
down €37,413 (-5.8%), from €647,517 to €610,104
of which Land and buildings: -€29,799
- Receivables within one year +€29,912
up €29,912 (+138.9%), from €21,529 to €51,441
- Debts after one year -€48,038
down €48,038 (-10.9%), from €441,459 to €393,420
- Other debts -€39,213
down €39,213 (-98.6%), from €39,752 to €538
- Reserves +€29,709
up €29,709 (+39.3%), from €75,548 to €105,257
of which Distributable reserves: +€29,709
- Trade debts +€8,365
up €8,365 (+2686.7%), from €311 to €8,676
- Gross operating margin -€21,527
down €21,527 (-24.9%), from €86,518 to €64,992
- Financial income +€16,697
up €16,697 (+2419833.3%), from €1 to €16,698
of which Non-recurring financial income: +€16,580
- Other operating charges -€8,640
down €8,640 (-77.8%), from €11,105 to €2,465
- Depreciation +€1,021
up €1,021 (+2.8%), from €36,393 to €37,413
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 | €713,857 | €665,824 | -€48,034 | -6.7% |
| Fixed assets | 21/28 | €647,517 | €610,104 | -€37,413 | -5.8% |
| Tangible fixed assets | 22/27 | €647,517 | €610,104 | -€37,413 | -5.8% |
| Land and buildings | 22 | €616,080 | €586,281 | -€29,799 | -4.8% |
| Plant, machinery and equipment | 23 | €288 | €72 | -€216 | -75.0% |
| Furniture and vehicles | 24 | €31,148 | €23,750 | -€7,398 | -23.8% |
| Current assets | 29/58 | €66,340 | €55,720 | -€10,620 | -16.0% |
| Amounts receivable within one year | 40/41 | €21,529 | €51,441 | +€29,912 | +138.9% |
| Other amounts receivable | 41 | €21,529 | €51,441 | +€29,912 | +138.9% |
| Cash at bank and in hand | 54/58 | €44,329 | €4,076 | -€40,253 | -90.8% |
| Deferred charges and accrued income | 490/1 | €483 | €203 | -€280 | -57.9% |
| Total equity and liabilities | 10/49 | €713,857 | €665,824 | -€48,034 | -6.7% |
| Equity | 10/15 | €198,441 | €228,151 | +€29,709 | +15.0% |
| Contributions | 10/11 | €122,894 | €122,894 | = | 0.0% |
| Reserves | 13 | €75,548 | €105,257 | +€29,709 | +39.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €75,548 | €105,257 | +€29,709 | +39.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €515,416 | €437,673 | -€77,743 | -15.1% |
| Amounts payable after more than one year | 17 | €441,459 | €393,420 | -€48,038 | -10.9% |
| Financial debts | 170/4 | €441,459 | €393,420 | -€48,038 | -10.9% |
| Amounts payable within one year | 42/48 | €73,957 | €44,253 | -€29,705 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €33,836 | €35,038 | +€1,203 | +3.6% |
| Trade debts | 44 | €311 | €8,676 | +€8,365 | +2686.7% |
| Suppliers | 440/4 | €311 | €8,676 | +€8,365 | +2686.7% |
| Taxes, remuneration and social security | 45 | €59 | €0 | -€59 | -100.0% |
| Taxes | 450/3 | €59 | €0 | -€59 | -100.0% |
| Other amounts payable | 47/48 | €39,752 | €538 | -€39,213 | -98.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,393 | €37,413 | +€1,021 | +2.8% |
| Other operating charges | 640/8 | €11,105 | €2,465 | -€8,640 | -77.8% |
| Gross operating margin | 9900 | €86,518 | €64,992 | -€21,527 | -24.9% |
| Operating profit (loss) | 9901 | €39,020 | €25,113 | -€13,907 | -35.6% |
| Financial income | 75/76B | €1 | €16,698 | +€16,697 | +2419833.3% |
| Recurring financial income | 75 | €1 | €117 | +€117 | +16920.3% |
| Non-recurring financial income | 76B | - | €16,580 | +€16,580 | |
| Financial charges | 65/66B | €12,074 | €12,101 | +€28 | +0.2% |
| Recurring financial charges | 65 | €12,074 | €12,101 | +€28 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €26,947 | €29,709 | +€2,762 | +10.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €26,947 | €29,709 | +€2,762 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,947 | €29,709 | +€2,762 | +10.2% |
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 10 October 2026 via checked.be.