Immovata Projects: 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.
Immovata Projects
Largest movements
- Stocks and contracts -€283,733
down €283,733 (-94.9%), from €299,047 to €15,314
- Receivables within one year +€70,023
up €70,023 (+233.4%), from €30,005 to €100,028
- Cash +€29,499
up €29,499 (+6.6%), from €447,298 to €476,797
mainly Stocks and contracts (+€283,733) and Net result for the year (+€138,449)
- Other debts -€330,000
down €330,000 (-55.0%), from €600,000 to €270,000
- Reserves +€138,449
up €138,449 (+185.7%), from €74,541 to €212,989
- Tax, wage and social debts +€15,583
up €15,583 (+19.2%), from €81,121 to €96,704
- Trade debts -€8,658
down €8,658 (-67.9%), from €12,758 to €4,100
- Gross operating margin +€83,651
up €83,651 (+85.6%), from €97,711 to €181,363
- Taxes +€20,889
up €20,889 (+112.3%), from €18,594 to €39,483
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 | €778,420 | €593,793 | -€184,626 | -23.7% |
| Fixed assets | 21/28 | €2,070 | €1,655 | -€415 | -20.1% |
| Tangible fixed assets | 22/27 | €2,070 | €1,655 | -€415 | -20.1% |
| Plant, machinery and equipment | 23 | €2,070 | €1,655 | -€415 | -20.1% |
| Current assets | 29/58 | €776,350 | €592,139 | -€184,211 | -23.7% |
| Stocks and contracts in progress | 3 | €299,047 | €15,314 | -€283,733 | -94.9% |
| Stocks | 30/36 | €299,047 | €15,314 | -€283,733 | -94.9% |
| Amounts receivable within one year | 40/41 | €30,005 | €100,028 | +€70,023 | +233.4% |
| Other amounts receivable | 41 | €30,005 | €100,028 | +€70,023 | +233.4% |
| Cash at bank and in hand | 54/58 | €447,298 | €476,797 | +€29,499 | +6.6% |
| Total equity and liabilities | 10/49 | €778,420 | €593,793 | -€184,626 | -23.7% |
| Equity | 10/15 | €84,541 | €222,989 | +€138,449 | +163.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €74,541 | €212,989 | +€138,449 | +185.7% |
| Distributable reserves | 133 | €74,541 | €212,989 | +€138,449 | +185.7% |
| Amounts payable | 17/49 | €693,879 | €370,804 | -€323,075 | -46.6% |
| Amounts payable within one year | 42/48 | €693,879 | €370,804 | -€323,075 | -46.6% |
| Trade debts | 44 | €12,758 | €4,100 | -€8,658 | -67.9% |
| Suppliers | 440/4 | €12,758 | €4,100 | -€8,658 | -67.9% |
| Taxes, remuneration and social security | 45 | €81,121 | €96,704 | +€15,583 | +19.2% |
| Taxes | 450/3 | €81,121 | €96,704 | +€15,583 | +19.2% |
| Other amounts payable | 47/48 | €600,000 | €270,000 | -€330,000 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €415 | +€409 | +5999.4% |
| Other operating charges | 640/8 | €796 | €1,052 | +€256 | +32.2% |
| Gross operating margin | 9900 | €97,711 | €181,363 | +€83,651 | +85.6% |
| Operating profit (loss) | 9901 | €96,908 | €179,895 | +€82,987 | +85.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €473 | €1,968 | +€1,494 | +315.6% |
| Recurring financial charges | 65 | €473 | €1,968 | +€1,494 | +315.6% |
| Profit (loss) for the period before taxes | 9903 | €96,435 | €177,932 | +€81,497 | +84.5% |
| Income taxes | 67/77 | €18,594 | €39,483 | +€20,889 | +112.3% |
| Profit (loss) for the period | 9904 | €77,841 | €138,449 | +€60,607 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,841 | €138,449 | +€60,607 | +77.9% |
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 8 October 2026 via checked.be.