IMMOTRON: 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.
IMMOTRON
Largest movements
- Tangible fixed assets -€50,501
down €50,501 (-8.1%), from €621,234 to €570,734
of which Land and buildings: -€41,191
- Cash +€18,965
up €18,965 (+86.7%), from €21,880 to €40,845
mainly Depreciation (+€54,411) and Receivables within one year (+€2,576)
- Profit (loss) carried forward -€31,911
down €31,911 (-27.2%), from -€117,132 to -€149,042
- Gross operating margin -€10,423
down €10,423 (-31.0%), from €33,613 to €23,190
- Depreciation +€751
up €751 (+1.4%), from €53,659 to €54,411
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 | €668,476 | €635,153 | -€33,323 | -5.0% |
| Fixed assets | 21/28 | €621,369 | €570,899 | -€50,471 | -8.1% |
| Tangible fixed assets | 22/27 | €621,234 | €570,734 | -€50,501 | -8.1% |
| Land and buildings | 22 | €589,346 | €548,155 | -€41,191 | -7.0% |
| Plant, machinery and equipment | 23 | €31,461 | €22,579 | -€8,882 | -28.2% |
| Furniture and vehicles | 24 | €427 | - | -€427 | |
| Financial fixed assets | 28 | €135 | €165 | +€30 | +22.2% |
| Current assets | 29/58 | €47,107 | €64,254 | +€17,147 | +36.4% |
| Stocks and contracts in progress | 3 | €22,311 | €23,070 | +€759 | +3.4% |
| Stocks | 30/36 | €22,311 | €23,070 | +€759 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,916 | €340 | -€2,576 | -88.4% |
| Trade receivables | 40 | €280 | €340 | +€60 | +21.4% |
| Other amounts receivable | 41 | €2,636 | - | -€2,636 | |
| Cash at bank and in hand | 54/58 | €21,880 | €40,845 | +€18,965 | +86.7% |
| Total equity and liabilities | 10/49 | €668,476 | €635,153 | -€33,323 | -5.0% |
| Equity | 10/15 | €22,902 | -€9,009 | -€31,911 | |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Contributions outside capital | 11 | €136,341 | €136,341 | = | 0.0% |
| Other | 1109/19 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €3,692 | €3,692 | = | 0.0% |
| Distributable reserves | 133 | €3,692 | €3,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,132 | -€149,042 | -€31,911 | -27.2% |
| Amounts payable | 17/49 | €645,574 | €644,162 | -€1,412 | -0.2% |
| Amounts payable after more than one year | 17 | €248,150 | €248,150 | = | 0.0% |
| Financial debts | 170/4 | €248,150 | €248,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €397,423 | €396,011 | -€1,412 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €546 | €2,590 | +€2,044 | +374% |
| Trade debts | 44 | €5,286 | €5,031 | -€255 | -4.8% |
| Suppliers | 440/4 | €5,286 | €5,031 | -€255 | -4.8% |
| Taxes, remuneration and social security | 45 | €600 | €680 | +€80 | +13.3% |
| Taxes | 450/3 | €600 | €680 | +€80 | +13.3% |
| Other amounts payable | 47/48 | €390,991 | €387,710 | -€3,281 | -0.8% |
| Non-recurring operating income | 76A | €0 | €5,501 | +€5,501 | +1,222,358% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,659 | €54,411 | +€751 | +1.4% |
| Other operating charges | 640/8 | €609 | €628 | +€19 | +3.2% |
| Gross operating margin | 9900 | €33,613 | €23,190 | -€10,423 | -31.0% |
| Operating profit (loss) | 9901 | -€20,656 | -€31,849 | -€11,193 | -54.2% |
| Financial charges | 65/66B | €88 | €62 | -€26 | -29.3% |
| Recurring financial charges | 65 | €88 | €52 | -€36 | -40.7% |
| Non-recurring financial charges | 66B | €0 | €10 | +€10 | +49,900% |
| Profit (loss) for the period before taxes | 9903 | -€20,743 | -€31,911 | -€11,168 | -53.8% |
| Profit (loss) for the period | 9904 | -€20,743 | -€31,911 | -€11,168 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,743 | -€31,911 | -€11,168 | -53.8% |
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 23 October 2026 via checked.be.