IMMOV: what changed
Two fiscal 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.
IMMOV
Largest movements
- Tangible fixed assets -€14,871
down €14,871 (-5.0%), from €299,380 to €284,509
- Profit (loss) carried forward -€28,071
down €28,071 (-72.5%), from -€38,703 to -€66,774
- Other debts +€11,529
up €11,529 (+235.3%), from €4,899 to €16,427
- Gross operating margin -€4,710
down €4,710 (-51.1%), from -€9,218 to -€13,928
- Financial charges -€1,402
down €1,402 (-84.7%), from €1,654 to €253
- Other operating charges -€505
down €505 (-11.3%), from €4,482 to €3,977
- Financial income -€178
down €178 (-99.7%), from €178 to €0
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 | €590,482 | €570,417 | -€20,065 | -3.4% |
| Fixed assets | 21/28 | €550,260 | €535,389 | -€14,871 | -2.7% |
| Tangible fixed assets | 22/27 | €299,380 | €284,509 | -€14,871 | -5.0% |
| Land and buildings | 22 | €299,380 | €284,509 | -€14,871 | -5.0% |
| Financial fixed assets | 28 | €250,880 | €250,880 | = | 0.0% |
| Current assets | 29/58 | €40,222 | €35,028 | -€5,194 | -12.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €39,557 | €34,372 | -€5,185 | -13.1% |
| Deferred charges and accrued income | 490/1 | €665 | €656 | -€9 | -1.3% |
| Total equity and liabilities | 10/49 | €590,482 | €570,417 | -€20,065 | -3.4% |
| Equity | 10/15 | €284,608 | €252,819 | -€31,789 | -11.2% |
| Contributions | 10/11 | €196,877 | €196,877 | = | 0.0% |
| Capital | 10 | €196,877 | €196,877 | = | 0.0% |
| Issued capital | 100 | €196,877 | €196,877 | = | 0.0% |
| Reserves | 13 | €126,434 | €122,716 | -€3,718 | -2.9% |
| Non-distributable reserves | 130/1 | €19,688 | €19,688 | = | 0.0% |
| Legal reserve | 130 | €19,688 | €19,688 | = | 0.0% |
| Tax-exempt reserves | 132 | €100,611 | €96,893 | -€3,718 | -3.7% |
| Distributable reserves | 133 | €6,135 | €6,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,703 | -€66,774 | -€28,071 | -72.5% |
| Provisions and deferred taxes | 16 | €283,537 | €282,298 | -€1,239 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €250,000 | €250,000 | = | 0.0% |
| Environmental obligations | 163 | €250,000 | €250,000 | = | 0.0% |
| Deferred taxes | 168 | €33,537 | €32,298 | -€1,239 | -3.7% |
| Amounts payable | 17/49 | €22,337 | €35,300 | +€12,963 | +58.0% |
| Amounts payable within one year | 42/48 | €22,337 | €35,300 | +€12,963 | +58.0% |
| Trade debts | 44 | €17,439 | €18,873 | +€1,434 | +8.2% |
| Suppliers | 440/4 | €17,439 | €18,873 | +€1,434 | +8.2% |
| Other amounts payable | 47/48 | €4,899 | €16,427 | +€11,529 | +235.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,855 | €14,871 | +€15 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,482 | €3,977 | -€505 | -11.3% |
| Gross operating margin | 9900 | -€9,218 | -€13,928 | -€4,710 | -51.1% |
| Operating profit (loss) | 9901 | -€28,556 | -€32,776 | -€4,220 | -14.8% |
| Financial income | 75/76B | €178 | €0 | -€178 | -99.7% |
| Recurring financial income | 75 | €178 | €0 | -€178 | -99.7% |
| Financial charges | 65/66B | €1,654 | €253 | -€1,402 | -84.7% |
| Recurring financial charges | 65 | €1,654 | €253 | -€1,402 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,032 | -€33,028 | -€2,996 | -10.0% |
| Transfer from deferred taxes | 780 | €1,239 | €1,239 | = | 0.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -14.3% |
| Profit (loss) for the period | 9904 | -€28,793 | -€31,789 | -€2,996 | -10.4% |
| Transfer from tax-exempt reserves | 789 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,075 | -€28,071 | -€2,996 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.