IMMOVA PLUS: 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.
IMMOVA PLUS
Largest movements
- Tangible fixed assets -€24,455
down €24,455 (-15.6%), from €157,010 to €132,555
- Receivables within one year -€8,130
down €8,130 (-5.7%), from €141,607 to €133,477
of which Other amounts receivable: -€7,686
- Debts after one year -€33,304
down €33,304 (-35.9%), from €92,771 to €59,467
- Other debts +€22,338
up €22,338 (+27.2%), from €82,117 to €104,455
- Reserves -€12,419
down €12,419 (-9.0%), from €137,382 to €124,963
- Trade debts -€6,107
down €6,107 (-75.0%), from €8,138 to €2,032
- Financial income -€30,308
down €30,308 (-76.3%), from €39,722 to €9,414
of which Non-recurring financial income: -€35,422
- Gross operating margin +€10,408
up €10,408 (+178.1%), from €5,845 to €16,253
- Financial charges +€5,126
up €5,126 (+95.1%), from €5,391 to €10,516
- Taxes -€4,516
down €4,516 (-96.5%), from €4,678 to €162
- Depreciation +€571
up €571 (+2.4%), from €23,884 to €24,455
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 | €385,223 | €350,529 | -€34,694 | -9.0% |
| Fixed assets | 21/28 | €238,893 | €214,438 | -€24,455 | -10.2% |
| Tangible fixed assets | 22/27 | €157,010 | €132,555 | -€24,455 | -15.6% |
| Land and buildings | 22 | €106,657 | €94,770 | -€11,887 | -11.1% |
| Plant, machinery and equipment | 23 | €6,005 | €4,404 | -€1,601 | -26.7% |
| Furniture and vehicles | 24 | €44,348 | €33,381 | -€10,967 | -24.7% |
| Financial fixed assets | 28 | €81,882 | €81,882 | = | 0.0% |
| Current assets | 29/58 | €146,331 | €136,092 | -€10,239 | -7.0% |
| Amounts receivable within one year | 40/41 | €141,607 | €133,477 | -€8,130 | -5.7% |
| Trade receivables | 40 | €2,307 | €1,864 | -€444 | -19.2% |
| Other amounts receivable | 41 | €139,300 | €131,614 | -€7,686 | -5.5% |
| Cash at bank and in hand | 54/58 | €3,282 | €1,140 | -€2,142 | -65.3% |
| Deferred charges and accrued income | 490/1 | €1,442 | €1,474 | +€33 | +2.3% |
| Total equity and liabilities | 10/49 | €385,223 | €350,529 | -€34,694 | -9.0% |
| Equity | 10/15 | €157,787 | €145,368 | -€12,419 | -7.9% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €137,382 | €124,963 | -€12,419 | -9.0% |
| Distributable reserves | 133 | €137,382 | €124,963 | -€12,419 | -9.0% |
| Amounts payable | 17/49 | €227,436 | €205,161 | -€22,275 | -9.8% |
| Amounts payable after more than one year | 17 | €92,771 | €59,467 | -€33,304 | -35.9% |
| Financial debts | 170/4 | €92,771 | €59,467 | -€33,304 | -35.9% |
| Amounts payable within one year | 42/48 | €133,596 | €145,027 | +€11,432 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €36,652 | €33,304 | -€3,348 | -9.1% |
| Trade debts | 44 | €8,138 | €2,032 | -€6,107 | -75.0% |
| Suppliers | 440/4 | €8,138 | €2,032 | -€6,107 | -75.0% |
| Taxes, remuneration and social security | 45 | €6,688 | €5,237 | -€1,451 | -21.7% |
| Taxes | 450/3 | €6,688 | €5,237 | -€1,451 | -21.7% |
| Other amounts payable | 47/48 | €82,117 | €104,455 | +€22,338 | +27.2% |
| Accrued charges and deferred income | 492/3 | €1,070 | €667 | -€403 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,884 | €24,455 | +€571 | +2.4% |
| Other operating charges | 640/8 | €3,078 | €2,952 | -€126 | -4.1% |
| Gross operating margin | 9900 | €5,845 | €16,253 | +€10,408 | +178.1% |
| Operating profit (loss) | 9901 | -€21,117 | -€11,154 | +€9,963 | +47.2% |
| Financial income | 75/76B | €39,722 | €9,414 | -€30,308 | -76.3% |
| Recurring financial income | 75 | €4,300 | €9,414 | +€5,114 | +118.9% |
| Non-recurring financial income | 76B | €35,422 | €0 | -€35,422 | -100.0% |
| Financial charges | 65/66B | €5,391 | €10,516 | +€5,126 | +95.1% |
| Recurring financial charges | 65 | €5,391 | €10,516 | +€5,126 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €13,214 | -€12,256 | -€25,471 | |
| Income taxes | 67/77 | €4,678 | €162 | -€4,516 | -96.5% |
| Profit (loss) for the period | 9904 | €8,536 | -€12,419 | -€20,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,536 | -€12,419 | -€20,955 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.