IMMOVATORS: 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.
IMMOVATORS
Largest movements
- Cash +€18,128
up €18,128 (+49.5%), from €36,621 to €54,749
mainly Depreciation (+€23,235) and Net result for the year (+€23,007)
- Tangible fixed assets +€12,645
up €12,645 (+21.1%), from €59,943 to €72,588
of which Furniture and vehicles: +€20,400
- Reserves +€23,007
up €23,007 (+51.5%), from €44,662 to €67,669
- Debts after one year +€7,849
up €7,849 (+38.7%), from €20,281 to €28,130
- Trade debts +€2,362
up €2,362 (+36.3%), from €6,505 to €8,866
- Tax, wage and social debts -€2,322
down €2,322 (-32.2%), from €7,207 to €4,885
- Gross operating margin +€76,694
up €76,694 (+329%), from €23,316 to €100,010
- Staff costs +€51,886
new in 2025: €51,886
- Financial income +€8,644
up €8,644 (+270,979%), from €3 to €8,647
of which Non-recurring financial income: +€8,647
- Taxes +€6,890
up €6,890 (+1,176%), from €586 to €7,475
- Depreciation +€4,485
up €4,485 (+23.9%), from €18,750 to €23,235
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 | €105,117 | €137,034 | +€31,917 | +30.4% |
| Fixed assets | 21/28 | €59,943 | €72,588 | +€12,645 | +21.1% |
| Tangible fixed assets | 22/27 | €59,943 | €72,588 | +€12,645 | +21.1% |
| Plant, machinery and equipment | 23 | €20,880 | €13,124 | -€7,755 | -37.1% |
| Furniture and vehicles | 24 | €39,064 | €59,464 | +€20,400 | +52.2% |
| Current assets | 29/58 | €45,174 | €64,446 | +€19,272 | +42.7% |
| Stocks and contracts in progress | 3 | €70 | - | -€70 | |
| Stocks | 30/36 | €70 | - | -€70 | |
| Amounts receivable within one year | 40/41 | €8,483 | €9,697 | +€1,214 | +14.3% |
| Trade receivables | 40 | €1,506 | €2,695 | +€1,189 | +79.0% |
| Other amounts receivable | 41 | €6,977 | €7,002 | +€25 | +0.4% |
| Cash at bank and in hand | 54/58 | €36,621 | €54,749 | +€18,128 | +49.5% |
| Total equity and liabilities | 10/49 | €105,117 | €137,034 | +€31,917 | +30.4% |
| Equity | 10/15 | €49,662 | €72,669 | +€23,007 | +46.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,662 | €67,669 | +€23,007 | +51.5% |
| Distributable reserves | 133 | €44,662 | €67,669 | +€23,007 | +51.5% |
| Amounts payable | 17/49 | €55,456 | €64,365 | +€8,910 | +16.1% |
| Amounts payable after more than one year | 17 | €20,281 | €28,130 | +€7,849 | +38.7% |
| Financial debts | 170/4 | €20,281 | €28,130 | +€7,849 | +38.7% |
| Amounts payable within one year | 42/48 | €35,175 | €36,236 | +€1,061 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €12,311 | €12,094 | -€216 | -1.8% |
| Trade debts | 44 | €6,505 | €8,866 | +€2,362 | +36.3% |
| Suppliers | 440/4 | €6,505 | €8,866 | +€2,362 | +36.3% |
| Taxes, remuneration and social security | 45 | €7,207 | €4,885 | -€2,322 | -32.2% |
| Taxes | 450/3 | €7,207 | €4,885 | -€2,322 | -32.2% |
| Other amounts payable | 47/48 | €9,153 | €10,390 | +€1,238 | +13.5% |
| Remuneration, social security and pensions | 62 | - | €51,886 | +€51,886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,750 | €23,235 | +€4,485 | +23.9% |
| Other operating charges | 640/8 | €1,289 | €711 | -€578 | -44.9% |
| Gross operating margin | 9900 | €23,316 | €100,010 | +€76,694 | +329% |
| Operating profit (loss) | 9901 | €3,278 | €24,179 | +€20,901 | +638% |
| Financial income | 75/76B | €3 | €8,647 | +€8,644 | +270,979% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -90.0% |
| Non-recurring financial income | 76B | - | €8,647 | +€8,647 | |
| Financial charges | 65/66B | €2,066 | €2,344 | +€277 | +13.4% |
| Recurring financial charges | 65 | €2,066 | €2,344 | +€277 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,215 | €30,483 | +€29,268 | +2,410% |
| Income taxes | 67/77 | €586 | €7,475 | +€6,890 | +1,176% |
| Profit (loss) for the period | 9904 | €629 | €23,007 | +€22,378 | +3,559% |
| Profit (loss) for the period to be appropriated | 9905 | €629 | €23,007 | +€22,378 | +3,559% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.