IMMOTRAP: 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.
IMMOTRAP
Largest movements
- Tangible fixed assets +€56,224
up €56,224 (+48.1%), from €116,807 to €173,031
of which Plant, machinery and equipment: +€67,657
- Cash +€43,481
up €43,481 (+485.8%), from €8,950 to €52,431
mainly Net result for the year (+€164,276) and Depreciation (+€33,976)
- Receivables within one year -€24,440
down €24,440 (-35.5%), from €68,871 to €44,431
of which Trade receivables: -€19,044
- Profit (loss) carried forward +€164,276
up €164,276, from -€157,905 to €6,371
- Tax, wage and social debts -€31,636
down €31,636 (-32.5%), from €97,218 to €65,582
of which Remuneration and social security: -€39,211
- Other debts -€24,081
down €24,081 (-33.2%), from €72,593 to €48,512
- Current portion of long-term debt -€13,434
down €13,434 (-17.6%), from €76,473 to €63,039
- Debts after one year -€9,839
down €9,839 (-17.2%), from €57,249 to €47,410
- Gross operating margin +€309,620
up €309,620 (+64.0%), from €484,025 to €793,645
- Purchases and services -€208,115
down €208,115 (-30.6%), from €679,595 to €471,480
- Turnover +€101,504
up €101,504 (+8.7%), from €1.2m to €1.3m
- Staff costs -€29,050
down €29,050 (-4.8%), from €602,721 to €573,671
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 | €226,326 | €300,862 | +€74,536 | +32.9% |
| Fixed assets | 21/28 | €144,507 | €200,731 | +€56,224 | +38.9% |
| Tangible fixed assets | 22/27 | €116,807 | €173,031 | +€56,224 | +48.1% |
| Land and buildings | 22 | €74,094 | €64,235 | -€9,859 | -13.3% |
| Plant, machinery and equipment | 23 | €36,320 | €103,977 | +€67,657 | +186.3% |
| Furniture and vehicles | 24 | €6,393 | €4,819 | -€1,574 | -24.6% |
| Financial fixed assets | 28 | €27,700 | €27,700 | = | 0.0% |
| Current assets | 29/58 | €81,819 | €100,131 | +€18,312 | +22.4% |
| Stocks and contracts in progress | 3 | €3,269 | €3,269 | = | 0.0% |
| Stocks | 30/36 | €3,269 | €3,269 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,871 | €44,431 | -€24,440 | -35.5% |
| Trade receivables | 40 | €40,260 | €21,216 | -€19,044 | -47.3% |
| Other amounts receivable | 41 | €28,611 | €23,215 | -€5,396 | -18.9% |
| Cash at bank and in hand | 54/58 | €8,950 | €52,431 | +€43,481 | +485.8% |
| Deferred charges and accrued income | 490/1 | €729 | - | -€729 | |
| Total equity and liabilities | 10/49 | €226,326 | €300,862 | +€74,536 | +32.9% |
| Equity | 10/15 | -€95,905 | €68,371 | +€164,276 | |
| Reserves | 13 | €62,000 | €62,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,905 | €6,371 | +€164,276 | |
| Amounts payable | 17/49 | €322,231 | €232,491 | -€89,740 | -27.8% |
| Amounts payable after more than one year | 17 | €57,249 | €47,410 | -€9,839 | -17.2% |
| Financial debts | 170/4 | €57,249 | €47,410 | -€9,839 | -17.2% |
| Amounts payable within one year | 42/48 | €263,164 | €185,081 | -€78,083 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €76,473 | €63,039 | -€13,434 | -17.6% |
| Trade debts | 44 | €16,880 | €7,948 | -€8,932 | -52.9% |
| Suppliers | 440/4 | €16,880 | €7,948 | -€8,932 | -52.9% |
| Taxes, remuneration and social security | 45 | €97,218 | €65,582 | -€31,636 | -32.5% |
| Taxes | 450/3 | €2,371 | €9,946 | +€7,575 | +319.5% |
| Remuneration and social security | 454/9 | €94,847 | €55,636 | -€39,211 | -41.3% |
| Other amounts payable | 47/48 | €72,593 | €48,512 | -€24,081 | -33.2% |
| Accrued charges and deferred income | 492/3 | €1,818 | - | -€1,818 | |
| Turnover | 70 | €1,163,621 | €1,265,125 | +€101,504 | +8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €679,595 | €471,480 | -€208,115 | -30.6% |
| Remuneration, social security and pensions | 62 | €602,721 | €573,671 | -€29,050 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,719 | €33,976 | -€743 | -2.1% |
| Other operating charges | 640/8 | €1,477 | €1,254 | -€223 | -15.1% |
| Gross operating margin | 9900 | €484,025 | €793,645 | +€309,620 | +64.0% |
| Operating profit (loss) | 9901 | -€154,892 | €184,744 | +€339,636 | |
| Financial income | 75/76B | €131 | €47 | -€84 | -64.1% |
| Recurring financial income | 75 | €131 | €47 | -€84 | -64.1% |
| Financial charges | 65/66B | €18,768 | €11,515 | -€7,253 | -38.6% |
| Recurring financial charges | 65 | €18,768 | €11,515 | -€7,253 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€173,529 | €173,276 | +€346,805 | |
| Income taxes | 67/77 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€182,529 | €164,276 | +€346,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€182,529 | €164,276 | +€346,805 |
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.