IMMOVATE: 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.
IMMOVATE
Largest movements
- Cash +€39,222
up €39,222 (+974%), from €4,025 to €43,247
mainly Stocks and contracts (+€22,675) and Other debts (+€8,815)
- Stocks and contracts -€22,675
down €22,675 (-99.7%), from €22,737 to €62
of which Contracts in progress: -€22,675
- Other debts +€8,815
up €8,815 (+3.3%), from €269,235 to €278,050
- Financial charges +€4,852
up €4,852 (+187%), from €2,601 to €7,453
- Gross operating margin +€3,526
up €3,526 (+42.2%), from €8,364 to €11,890
- Depreciation -€479
down €479 (-10.5%), from €4,554 to €4,074
- Financial income +€456
up €456 (+5,858%), from €8 to €464
- Other operating charges -€139
down €139 (-38.5%), from €360 to €221
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 | €596,692 | €606,140 | +€9,448 | +1.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €417,969 | €413,894 | -€4,074 | -1.0% |
| Tangible fixed assets | 22/27 | €7,969 | €3,894 | -€4,074 | -51.1% |
| Plant, machinery and equipment | 23 | €3,656 | €1,797 | -€1,859 | -50.9% |
| Furniture and vehicles | 24 | €4,312 | €2,097 | -€2,215 | -51.4% |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €178,723 | €192,246 | +€13,523 | +7.6% |
| Stocks and contracts in progress | 3 | €22,737 | €62 | -€22,675 | -99.7% |
| Stocks | 30/36 | €62 | €62 | = | 0.0% |
| Contracts in progress | 37 | €22,675 | - | -€22,675 | |
| Amounts receivable within one year | 40/41 | €150,614 | €148,937 | -€1,677 | -1.1% |
| Trade receivables | 40 | €49,111 | €51,193 | +€2,081 | +4.2% |
| Other amounts receivable | 41 | €101,503 | €97,745 | -€3,758 | -3.7% |
| Cash at bank and in hand | 54/58 | €4,025 | €43,247 | +€39,222 | +974% |
| Deferred charges and accrued income | 490/1 | €1,347 | - | -€1,347 | |
| Total equity and liabilities | 10/49 | €596,692 | €606,140 | +€9,448 | +1.6% |
| Equity | 10/15 | €323,777 | €324,383 | +€606 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,260 | €349,260 | = | 0.0% |
| Distributable reserves | 133 | €349,260 | €349,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,683 | -€31,077 | +€606 | +1.9% |
| Amounts payable | 17/49 | €272,915 | €281,757 | +€8,842 | +3.2% |
| Amounts payable within one year | 42/48 | €272,915 | €281,757 | +€8,842 | +3.2% |
| Trade debts | 44 | €2,921 | €734 | -€2,188 | -74.9% |
| Suppliers | 440/4 | €2,921 | €734 | -€2,188 | -74.9% |
| Taxes, remuneration and social security | 45 | €758 | €2,973 | +€2,215 | +292% |
| Taxes | 450/3 | €758 | €2,973 | +€2,215 | +292% |
| Other amounts payable | 47/48 | €269,235 | €278,050 | +€8,815 | +3.3% |
| Remuneration, social security and pensions | 62 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,554 | €4,074 | -€479 | -10.5% |
| Other operating charges | 640/8 | €360 | €221 | -€139 | -38.5% |
| Gross operating margin | 9900 | €8,364 | €11,890 | +€3,526 | +42.2% |
| Operating profit (loss) | 9901 | €3,438 | €7,595 | +€4,157 | +121% |
| Financial income | 75/76B | €8 | €464 | +€456 | +5,858% |
| Recurring financial income | 75 | €8 | €464 | +€456 | +5,858% |
| Financial charges | 65/66B | €2,601 | €7,453 | +€4,852 | +187% |
| Recurring financial charges | 65 | €2,601 | €7,453 | +€4,852 | +187% |
| Profit (loss) for the period before taxes | 9903 | €845 | €606 | -€239 | -28.2% |
| Profit (loss) for the period | 9904 | €845 | €606 | -€239 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €845 | €606 | -€239 | -28.2% |
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 20 October 2026 via checked.be.