IMMOVANS: 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.
IMMOVANS
Largest movements
- Receivables within one year +€36,019
up €36,019 (+137.9%), from €26,120 to €62,139
of which Other amounts receivable: +€36,019
- Other debts +€73,378
up €73,378 (+188.5%), from €38,922 to €112,300
- Debts after one year -€40,841
down €40,841 (-13.6%), from €300,173 to €259,332
- Reserves +€5,368
up €5,368 (+10.1%), from €53,088 to €58,456
- Financial income +€111,251
new in 2025: €111,251
- Financial charges -€1,422
down €1,422 (-13.0%), from €10,968 to €9,546
of which Financial charges: -€1,415
- Gross operating margin -€415
down €415 (-2.2%), from €19,248 to €18,833
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 | €450,954 | €488,564 | +€37,610 | +8.3% |
| Fixed assets | 21/28 | €424,682 | €426,319 | +€1,637 | +0.4% |
| Tangible fixed assets | 22/27 | €197 | €1,834 | +€1,637 | +830.8% |
| Furniture and vehicles | 24 | €197 | €1,834 | +€1,637 | +830.8% |
| Financial fixed assets | 28 | €424,485 | €424,485 | = | 0.0% |
| Current assets | 29/58 | €26,271 | €62,245 | +€35,974 | +136.9% |
| Amounts receivable within one year | 40/41 | €26,120 | €62,139 | +€36,019 | +137.9% |
| Trade receivables | 40 | €10,588 | €10,588 | = | 0.0% |
| Other amounts receivable | 41 | €15,532 | €51,552 | +€36,019 | +231.9% |
| Cash at bank and in hand | 54/58 | €152 | €106 | -€46 | -30.2% |
| Total equity and liabilities | 10/49 | €450,954 | €488,564 | +€37,610 | +8.3% |
| Equity | 10/15 | €58,088 | €63,456 | +€5,368 | +9.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,088 | €58,456 | +€5,368 | +10.1% |
| Distributable reserves | 133 | €53,088 | €58,456 | +€5,368 | +10.1% |
| Amounts payable | 17/49 | €392,865 | €425,108 | +€32,243 | +8.2% |
| Amounts payable after more than one year | 17 | €300,173 | €259,332 | -€40,841 | -13.6% |
| Financial debts | 170/4 | €300,173 | €259,332 | -€40,841 | -13.6% |
| Amounts payable within one year | 42/48 | €91,860 | €165,040 | +€73,180 | +79.7% |
| Current portion of amounts payable after more than one year | 42 | €47,926 | €49,191 | +€1,266 | +2.6% |
| Trade debts | 44 | €762 | €602 | -€160 | -21.0% |
| Suppliers | 440/4 | €762 | €602 | -€160 | -21.0% |
| Taxes, remuneration and social security | 45 | €4,250 | €2,947 | -€1,303 | -30.7% |
| Taxes | 450/3 | €2,520 | €1,174 | -€1,346 | -53.4% |
| Remuneration and social security | 454/9 | €1,730 | €1,773 | +€43 | +2.5% |
| Other amounts payable | 47/48 | €38,922 | €112,300 | +€73,378 | +188.5% |
| Accrued charges and deferred income | 492/3 | €832 | €736 | -€96 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €256 | +€98 | +61.7% |
| Other operating charges | 640/8 | €474 | €410 | -€64 | -13.6% |
| Gross operating margin | 9900 | €19,248 | €18,833 | -€415 | -2.2% |
| Operating profit (loss) | 9901 | €18,616 | €18,167 | -€448 | -2.4% |
| Financial income | 75/76B | - | €111,251 | +€111,251 | |
| Recurring financial income | 75 | - | €111,251 | +€111,251 | |
| Financial charges | 65/66B | €10,968 | €9,546 | -€1,422 | -13.0% |
| Recurring financial charges | 65 | €10,961 | €9,546 | -€1,415 | -12.9% |
| Non-recurring financial charges | 66B | €7 | - | -€7 | |
| Profit (loss) for the period before taxes | 9903 | €7,648 | €119,873 | +€112,225 | +1467.5% |
| Income taxes | 67/77 | €2,162 | €2,205 | +€43 | +2.0% |
| Profit (loss) for the period | 9904 | €5,486 | €117,668 | +€112,182 | +2045.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,486 | €117,668 | +€112,182 | +2045.0% |
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 7 October 2026 via checked.be.