immovadis: 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.
immovadis
Largest movements
- Tangible fixed assets +€35,211
up €35,211 (+394%), from €8,929 to €44,140
of which Other tangible fixed assets: +€19,683
- Cash -€11,326
down €11,326 (-26.7%), from €42,369 to €31,043
mainly Investment in fixed assets (net) (-€38,586) and Other debts (-€10,584)
- Intangible fixed assets -€4,000
down €4,000 (-23.5%), from €16,995 to €12,995
- Deferred charges and accrued income +€1,518
up €1,518 (+157%), from €969 to €2,486
- Trade debts +€27,892
up €27,892 (+57.3%), from €48,688 to €76,580
- Other debts -€10,584
down €10,584 (-29.3%), from €36,064 to €25,479
- Profit (loss) carried forward +€6,242
up €6,242 (+22.0%), from -€28,387 to -€22,146
- Tax, wage and social debts -€2,340
down €2,340 (-31.8%), from €7,364 to €5,024
of which Taxes: -€4,748
- Gross operating margin +€41,078
up €41,078 (+674%), from €6,098 to €47,176
- Staff costs +€32,454
new in 2025: €32,454
- Depreciation +€3,919
up €3,919 (+113%), from €3,457 to €7,375
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 | €102,497 | €123,706 | +€21,209 | +20.7% |
| Fixed assets | 21/28 | €25,924 | €57,135 | +€31,211 | +120% |
| Intangible fixed assets | 21 | €16,995 | €12,995 | -€4,000 | -23.5% |
| Tangible fixed assets | 22/27 | €8,929 | €44,140 | +€35,211 | +394% |
| Furniture and vehicles | 24 | €8,929 | €24,457 | +€15,528 | +174% |
| Other tangible fixed assets | 26 | - | €19,683 | +€19,683 | |
| Current assets | 29/58 | €76,574 | €66,572 | -€10,002 | -13.1% |
| Amounts receivable within one year | 40/41 | €33,236 | €33,043 | -€193 | -0.6% |
| Trade receivables | 40 | €33,236 | €28,043 | -€5,193 | -15.6% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €42,369 | €31,043 | -€11,326 | -26.7% |
| Deferred charges and accrued income | 490/1 | €969 | €2,486 | +€1,518 | +157% |
| Total equity and liabilities | 10/49 | €102,497 | €123,706 | +€21,209 | +20.7% |
| Equity | 10/15 | -€9,618 | -€3,377 | +€6,242 | +64.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169 | €169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €169 | €169 | = | 0.0% |
| Other | 1319 | €169 | €169 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,387 | -€22,146 | +€6,242 | +22.0% |
| Amounts payable | 17/49 | €112,115 | €127,083 | +€14,968 | +13.4% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,115 | €107,083 | +€14,968 | +16.2% |
| Trade debts | 44 | €48,688 | €76,580 | +€27,892 | +57.3% |
| Suppliers | 440/4 | €48,688 | €76,580 | +€27,892 | +57.3% |
| Taxes, remuneration and social security | 45 | €7,364 | €5,024 | -€2,340 | -31.8% |
| Taxes | 450/3 | €7,364 | €2,616 | -€4,748 | -64.5% |
| Remuneration and social security | 454/9 | - | €2,408 | +€2,408 | |
| Other amounts payable | 47/48 | €36,064 | €25,479 | -€10,584 | -29.3% |
| Remuneration, social security and pensions | 62 | - | €32,454 | +€32,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,457 | €7,375 | +€3,919 | +113% |
| Other operating charges | 640/8 | €674 | €1,014 | +€340 | +50.4% |
| Gross operating margin | 9900 | €6,098 | €47,176 | +€41,078 | +674% |
| Operating profit (loss) | 9901 | €1,967 | €6,332 | +€4,365 | +222% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €147 | €160 | +€14 | +9.3% |
| Recurring financial charges | 65 | €147 | €160 | +€14 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €1,821 | €6,242 | +€4,421 | +243% |
| Profit (loss) for the period | 9904 | €1,821 | €6,242 | +€4,421 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €1,821 | €6,242 | +€4,421 | +243% |
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 27 October 2026 via checked.be.