IMMOVAL: 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.
IMMOVAL
Largest movements
- Tangible fixed assets -€23,608
down €23,608 (-20.0%), from €117,941 to €94,332
of which Land and buildings: -€22,389
- Receivables within one year -€11,414
down €11,414 (-97.5%), from €11,704 to €290
of which Trade receivables: -€11,616
- Cash +€10,906
up €10,906 (+40.9%), from €26,671 to €37,576
mainly Investment in fixed assets (net) (+€19,017) and Receivables within one year (+€11,414)
- Other debts -€28,731
down €28,731 (-6.8%), from €421,182 to €392,451
- Profit (loss) carried forward +€14,242
up €14,242 (+3.8%), from -€375,287 to -€361,045
- Reserves -€7,845
down €7,845 (-24.5%), from €32,072 to €24,228
of which Tax-exempt reserves: -€7,845
- Depreciation -€25,976
down €25,976 (-85.0%), from €30,567 to €4,591
- Other operating charges -€9,437
down €9,437 (-90.5%), from €10,430 to €993
- Taxes -€8,552
no longer reported in 2025 (was €8,552)
- Financial income -€2,292
down €2,292 (-96.9%), from €2,366 to €74
- Gross operating margin -€829
down €829 (-6.3%), from €13,259 to €12,430
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 | €191,315 | €167,198 | -€24,117 | -12.6% |
| Fixed assets | 21/28 | €152,941 | €129,332 | -€23,608 | -15.4% |
| Tangible fixed assets | 22/27 | €117,941 | €94,332 | -€23,608 | -20.0% |
| Land and buildings | 22 | €110,394 | €88,005 | -€22,389 | -20.3% |
| Plant, machinery and equipment | 23 | €7,173 | €6,289 | -€885 | -12.3% |
| Furniture and vehicles | 24 | €373 | €39 | -€335 | -89.7% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €38,374 | €37,866 | -€508 | -1.3% |
| Amounts receivable within one year | 40/41 | €11,704 | €290 | -€11,414 | -97.5% |
| Trade receivables | 40 | €11,616 | - | -€11,616 | |
| Other amounts receivable | 41 | €88 | €290 | +€202 | +230% |
| Cash at bank and in hand | 54/58 | €26,671 | €37,576 | +€10,906 | +40.9% |
| Total equity and liabilities | 10/49 | €191,315 | €167,198 | -€24,117 | -12.6% |
| Equity | 10/15 | -€312,228 | -€305,831 | +€6,397 | +2.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €32,072 | €24,228 | -€7,845 | -24.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,974 | €21,129 | -€7,845 | -27.1% |
| Profit (loss) carried forward | 14 | -€375,287 | -€361,045 | +€14,242 | +3.8% |
| Provisions and deferred taxes | 16 | €11,037 | €10,880 | -€158 | -1.4% |
| Deferred taxes | 168 | €11,037 | €10,880 | -€158 | -1.4% |
| Amounts payable | 17/49 | €492,506 | €462,150 | -€30,356 | -6.2% |
| Amounts payable within one year | 42/48 | €422,981 | €392,625 | -€30,356 | -7.2% |
| Trade debts | 44 | €520 | €142 | -€378 | -72.7% |
| Suppliers | 440/4 | €520 | €142 | -€378 | -72.7% |
| Taxes, remuneration and social security | 45 | €1,279 | €32 | -€1,247 | -97.5% |
| Taxes | 450/3 | €1,279 | €32 | -€1,247 | -97.5% |
| Other amounts payable | 47/48 | €421,182 | €392,451 | -€28,731 | -6.8% |
| Accrued charges and deferred income | 492/3 | €69,525 | €69,525 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,567 | €4,591 | -€25,976 | -85.0% |
| Other operating charges | 640/8 | €10,430 | €993 | -€9,437 | -90.5% |
| Gross operating margin | 9900 | €13,259 | €12,430 | -€829 | -6.3% |
| Operating profit (loss) | 9901 | -€27,738 | €6,846 | +€34,584 | |
| Financial income | 75/76B | €2,366 | €74 | -€2,292 | -96.9% |
| Recurring financial income | 75 | €2,366 | €74 | -€2,292 | -96.9% |
| Financial charges | 65/66B | €929 | €681 | -€248 | -26.7% |
| Recurring financial charges | 65 | €929 | €681 | -€248 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,301 | €6,240 | +€32,541 | |
| Transfer from deferred taxes | 780 | €5,282 | €2,720 | -€2,562 | -48.5% |
| Income taxes | 67/77 | €8,552 | - | -€8,552 | |
| Profit (loss) for the period | 9904 | -€29,570 | €8,960 | +€38,530 | |
| Transfer from tax-exempt reserves | 789 | €2,720 | €5,282 | +€2,562 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,851 | €14,242 | +€41,092 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.