IMMOVER: 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.
What changed
IMMOVER
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€88,169
2024 · €148,335-€60,166
Equity
€1.0m
2024 · €914,024+€88,169
Cash
€159,094
2024 · €73,600+€85,494
Balance sheet total
€4.0m
2024 · €3.9m+€63,392
Largest movements
Assets
- Cash +€85,494
up €85,494 (+116.2%), from €73,600 to €159,094
mainly Depreciation (+€160,097) and Net result for the year (+€88,169)
Equity and liabilities
- Profit (loss) carried forward +€101,535
up €101,535 (+33.3%), from €304,787 to €406,322
- Trade debts -€49,789
down €49,789 (-25.7%), from €193,598 to €143,810
Income statement
- Gross operating margin +€27,020
up €27,020 (+5.8%), from €466,943 to €493,962
- Taxes -€23,737
down €23,737 (-39.6%), from €59,878 to €36,141
- Depreciation -€12,275
down €12,275 (-7.1%), from €172,372 to €160,097
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.
Result 2024
€148,335
Gross operating margin
+€27,020
Depreciation
+€12,275
Other operating charges
+€1,045
Other operating items
-€128,209
Financial income
+€51
Financial charges
+€3,915
Taxes
+€23,737
Result 2025
€88,169
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.
From operations
+€200,163
Investment
-€137,994
Financing
+€23,326
Cash 2024
€73,600
From operations (derived)
+€200,163
Net result for the year
+€88,169
Depreciation
+€160,097
Provisions
-€4,455
Trade debts
-€49,789
Tax, wage and social debts
-€22,630
Other debts
+€12,302
Accrued charges and deferred income
+€16,469
Investment (derived)
-€137,994
Investment in fixed assets (net)
-€137,994
Financing
+€23,326
Debts after one year
+€23,942
Current portion of long-term debt
-€616
Cash 2025
€159,094
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,897,676 | €3,961,068 | +€63,392 | +1.6% |
| Fixed assets | 21/28 | €3,820,076 | €3,797,974 | -€22,102 | -0.6% |
| Tangible fixed assets | 22/27 | €3,820,076 | €3,797,974 | -€22,102 | -0.6% |
| Land and buildings | 22 | €3,814,951 | €3,795,525 | -€19,426 | -0.5% |
| Furniture and vehicles | 24 | €5,126 | €2,449 | -€2,676 | -52.2% |
| Current assets | 29/58 | €77,600 | €163,094 | +€85,494 | +110.2% |
| Cash at bank and in hand | 54/58 | €73,600 | €159,094 | +€85,494 | +116.2% |
| Deferred charges and accrued income | 490/1 | €4,000 | €4,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,897,676 | €3,961,068 | +€63,392 | +1.6% |
| Equity | 10/15 | €914,024 | €1,002,193 | +€88,169 | +9.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €547,737 | €534,370 | -€13,366 | -2.4% |
| Non-distributable reserves | 130/1 | €97,249 | €97,249 | = | 0.0% |
| Legal reserve | 130 | €97,249 | €97,249 | = | 0.0% |
| Tax-exempt reserves | 132 | €215,908 | €202,542 | -€13,366 | -6.2% |
| Distributable reserves | 133 | €234,579 | €234,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,787 | €406,322 | +€101,535 | +33.3% |
| Provisions and deferred taxes | 16 | €71,969 | €67,514 | -€4,455 | -6.2% |
| Deferred taxes | 168 | €71,969 | €67,514 | -€4,455 | -6.2% |
| Amounts payable | 17/49 | €2,911,683 | €2,891,362 | -€20,322 | -0.7% |
| Amounts payable after more than one year | 17 | €650,294 | €674,236 | +€23,942 | +3.7% |
| Financial debts | 170/4 | €460,606 | €468,697 | +€8,092 | +1.8% |
| Other amounts payable | 178/9 | €189,689 | €205,539 | +€15,850 | +8.4% |
| Amounts payable within one year | 42/48 | €2,258,724 | €2,197,992 | -€60,732 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €187,557 | €186,941 | -€616 | -0.3% |
| Trade debts | 44 | €193,598 | €143,810 | -€49,789 | -25.7% |
| Suppliers | 440/4 | €193,598 | €143,810 | -€49,789 | -25.7% |
| Taxes, remuneration and social security | 45 | €51,020 | €28,390 | -€22,630 | -44.4% |
| Taxes | 450/3 | €51,020 | €28,390 | -€22,630 | -44.4% |
| Other amounts payable | 47/48 | €1,826,549 | €1,838,851 | +€12,302 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,665 | €19,133 | +€16,469 | +618.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,372 | €160,097 | -€12,275 | -7.1% |
| Other operating charges | 640/8 | €68,068 | €67,023 | -€1,045 | -1.5% |
| Non-recurring operating charges | 66A | - | €128,209 | +€128,209 | |
| Gross operating margin | 9900 | €466,943 | €493,962 | +€27,020 | +5.8% |
| Operating profit (loss) | 9901 | €226,503 | €138,634 | -€87,869 | -38.8% |
| Financial income | 75/76B | €24 | €75 | +€51 | +216.1% |
| Recurring financial income | 75 | €24 | €75 | +€51 | +216.1% |
| Financial charges | 65/66B | €22,769 | €18,854 | -€3,915 | -17.2% |
| Recurring financial charges | 65 | €22,769 | €18,854 | -€3,915 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €203,758 | €119,855 | -€83,903 | -41.2% |
| Transfer from deferred taxes | 780 | €4,455 | €4,455 | = | 0.0% |
| Income taxes | 67/77 | €59,878 | €36,141 | -€23,737 | -39.6% |
| Profit (loss) for the period | 9904 | €148,335 | €88,169 | -€60,166 | -40.6% |
| Transfer from tax-exempt reserves | 789 | €13,366 | €13,366 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,701 | €101,535 | -€60,166 | -37.2% |
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 3 October 2026 via checked.be.