IMMOVEDA: 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.
IMMOVEDA
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+12564.5%), from €10,108 to €1.3m
of which Trade receivables: +€1.0m
- Stocks and contracts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Cash +€529,764
up €529,764 (+8387.3%), from €6,316 to €536,081
mainly Stocks and contracts (+€1.0m) and Net result for the year (+€977,950)
- Tangible fixed assets -€513,933
down €513,933 (-100.0%), from €513,933 to €0
- Profit (loss) carried forward +€721,828
up €721,828, from -€721,828 to €0
- Debts after one year -€468,849
down €468,849 (-100.0%), from €468,849 to €0
- Other debts -€313,119
down €313,119 (-95.3%), from €328,693 to €15,574
- Reserves +€256,121
up €256,121 (+112.0%), from €228,622 to €484,743
- Tax, wage and social debts +€106,054
new in 2025: €106,054
- Gross operating margin +€1.0m
up €1.0m (+1188.2%), from €86,740 to €1.1m
- Taxes +€105,409
new in 2025: €105,409
- Depreciation -€29,480
down €29,480 (-100.0%), from €29,480 to €0
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 | €1,593,908 | €1,828,510 | +€234,602 | +14.7% |
| Fixed assets | 21/28 | €513,933 | €0 | -€513,933 | -100.0% |
| Tangible fixed assets | 22/27 | €513,933 | €0 | -€513,933 | -100.0% |
| Land and buildings | 22 | €513,933 | €0 | -€513,933 | -100.0% |
| Current assets | 29/58 | €1,079,974 | €1,828,510 | +€748,535 | +69.3% |
| Stocks and contracts in progress | 3 | €1,041,469 | €0 | -€1.0m | -100.0% |
| Stocks | 30/36 | €1,041,469 | €0 | -€1.0m | -100.0% |
| Amounts receivable within one year | 40/41 | €10,108 | €1,280,104 | +€1.3m | +12564.5% |
| Trade receivables | 40 | - | €1,041,469 | +€1.0m | |
| Other amounts receivable | 41 | €10,108 | €238,635 | +€228,527 | +2260.9% |
| Cash at bank and in hand | 54/58 | €6,316 | €536,081 | +€529,764 | +8387.3% |
| Deferred charges and accrued income | 490/1 | €22,081 | €12,325 | -€9,756 | -44.2% |
| Total equity and liabilities | 10/49 | €1,593,908 | €1,828,510 | +€234,602 | +14.7% |
| Equity | 10/15 | €9,314 | €987,264 | +€977,950 | +10499.8% |
| Contributions | 10/11 | €502,521 | €502,521 | = | 0.0% |
| Reserves | 13 | €228,622 | €484,743 | +€256,121 | +112.0% |
| Distributable reserves | 133 | €228,622 | €484,743 | +€256,121 | +112.0% |
| Profit (loss) carried forward | 14 | -€721,828 | €0 | +€721,828 | |
| Amounts payable | 17/49 | €1,584,594 | €841,246 | -€743,348 | -46.9% |
| Amounts payable after more than one year | 17 | €468,849 | €0 | -€468,849 | -100.0% |
| Financial debts | 170/4 | €468,849 | €0 | -€468,849 | -100.0% |
| Amounts payable within one year | 42/48 | €1,097,183 | €841,246 | -€255,938 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €47,555 | €0 | -€47,555 | -100.0% |
| Trade debts | 44 | €720,935 | €719,618 | -€1,317 | -0.2% |
| Suppliers | 440/4 | €720,935 | €719,618 | -€1,317 | -0.2% |
| Taxes, remuneration and social security | 45 | - | €106,054 | +€106,054 | |
| Taxes | 450/3 | - | €106,054 | +€106,054 | |
| Other amounts payable | 47/48 | €328,693 | €15,574 | -€313,119 | -95.3% |
| Accrued charges and deferred income | 492/3 | €18,561 | €0 | -€18,561 | -100.0% |
| Non-recurring operating income | 76A | - | €1,096,067 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,480 | €0 | -€29,480 | -100.0% |
| Other operating charges | 640/8 | €12,192 | €12,005 | -€187 | -1.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €86,740 | €1,117,340 | +€1.0m | +1188.2% |
| Operating profit (loss) | 9901 | €45,067 | €1,105,335 | +€1.1m | +2352.6% |
| Financial charges | 65/66B | €30,188 | €21,977 | -€8,212 | -27.2% |
| Recurring financial charges | 65 | €30,188 | €21,977 | -€8,212 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €14,879 | €1,083,358 | +€1.1m | +7181.2% |
| Income taxes | 67/77 | - | €105,409 | +€105,409 | |
| Profit (loss) for the period | 9904 | €14,879 | €977,950 | +€963,071 | +6472.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,879 | €977,950 | +€963,071 | +6472.7% |
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 1 October 2026 via checked.be.