IMMOVATIE: what changed
IMMOVATIE
Largest movements
- Stocks and contracts -€22,000
no longer reported in 2026 (was €22,000)
- Cash -€16,105
down €16,105 (-15.0%), from €107,141 to €91,037
mainly Debts after one year (-€28,169) and Net result for the year (-€14,935)
- Receivables within one year -€10,267
down €10,267 (-86.2%), from €11,916 to €1,649
of which Other amounts receivable: -€7,767
- Debts after one year -€28,169
down €28,169 (-43.5%), from €64,700 to €36,532
of which Other amounts payable: -€18,600
- Profit (loss) carried forward -€14,935
down €14,935 (-769%), from -€1,942 to -€16,876
- Other debts -€11,287
down €11,287 (-91.9%), from €12,276 to €989
- Trade debts +€4,478
up €4,478 (+1,612%), from €278 to €4,756
- Financial income -€7,657
down €7,657 (-94.1%), from €8,137 to €480
- Gross operating margin -€7,026
down €7,026 (-138%), from -€5,108 to -€12,134
- Financial charges -€1,778
down €1,778 (-46.4%), from €3,833 to €2,055
- Depreciation -€789
down €789 (-72.1%), from €1,094 to €305
- Other operating charges +€211
up €211 (+29.7%), from €710 to €921
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,980 | €93,429 | -€49,551 | -34.7% |
| Fixed assets | 21/28 | €1,049 | €743 | -€305 | -29.1% |
| Tangible fixed assets | 22/27 | €1,049 | €743 | -€305 | -29.1% |
| Plant, machinery and equipment | 23 | €871 | €743 | -€128 | -14.7% |
| Furniture and vehicles | 24 | €177 | - | -€177 | |
| Current assets | 29/58 | €141,932 | €92,686 | -€49,246 | -34.7% |
| Stocks and contracts in progress | 3 | €22,000 | - | -€22,000 | |
| Stocks | 30/36 | €22,000 | - | -€22,000 | |
| Amounts receivable within one year | 40/41 | €11,916 | €1,649 | -€10,267 | -86.2% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €9,416 | €1,649 | -€7,767 | -82.5% |
| Cash at bank and in hand | 54/58 | €107,141 | €91,037 | -€16,105 | -15.0% |
| Deferred charges and accrued income | 490/1 | €875 | - | -€875 | |
| Total equity and liabilities | 10/49 | €142,980 | €93,429 | -€49,551 | -34.7% |
| Equity | 10/15 | €56,518 | €41,584 | -€14,935 | -26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,860 | €39,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,942 | -€16,876 | -€14,935 | -769% |
| Amounts payable | 17/49 | €86,462 | €51,846 | -€34,617 | -40.0% |
| Amounts payable after more than one year | 17 | €64,700 | €36,532 | -€28,169 | -43.5% |
| Financial debts | 170/4 | €46,100 | €36,532 | -€9,569 | -20.8% |
| Other amounts payable | 178/9 | €18,600 | - | -€18,600 | |
| Amounts payable within one year | 42/48 | €21,762 | €15,314 | -€6,448 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €9,208 | €9,569 | +€360 | +3.9% |
| Trade debts | 44 | €278 | €4,756 | +€4,478 | +1,612% |
| Suppliers | 440/4 | €278 | €4,756 | +€4,478 | +1,612% |
| Other amounts payable | 47/48 | €12,276 | €989 | -€11,287 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,094 | €305 | -€789 | -72.1% |
| Other operating charges | 640/8 | €710 | €921 | +€211 | +29.7% |
| Gross operating margin | 9900 | -€5,108 | -€12,134 | -€7,026 | -138% |
| Operating profit (loss) | 9901 | -€6,912 | -€13,360 | -€6,448 | -93.3% |
| Financial income | 75/76B | €8,137 | €480 | -€7,657 | -94.1% |
| Recurring financial income | 75 | €8,137 | €480 | -€7,657 | -94.1% |
| Financial charges | 65/66B | €3,833 | €2,055 | -€1,778 | -46.4% |
| Recurring financial charges | 65 | €3,833 | €2,055 | -€1,778 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,608 | -€14,935 | -€12,327 | -473% |
| Income taxes | 67/77 | €161 | - | -€161 | |
| Profit (loss) for the period | 9904 | -€2,769 | -€14,935 | -€12,165 | -439% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,769 | -€14,935 | -€12,165 | -439% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.