Immovera: 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.
Immovera
Largest movements
- Tangible fixed assets -€77,236
down €77,236 (-7.9%), from €974,696 to €897,461
of which Land and buildings: -€76,159
- Receivables within one year -€46,072
down €46,072 (-36.2%), from €127,257 to €81,184
- Reserves -€77,343
down €77,343 (-8.2%), from €938,990 to €861,648
of which Tax-exempt reserves: -€77,343
- Provisions -€39,825
down €39,825 (-11.0%), from €363,454 to €323,628
- Gross operating margin +€40,488
up €40,488 (+51.8%), from -€78,099 to -€37,611
- Other operating charges +€1,652
up €1,652 (+37.4%), from €4,415 to €6,068
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 | €1,319,082 | €1,196,500 | -€122,582 | -9.3% |
| Fixed assets | 21/28 | €1,087,280 | €1,010,044 | -€77,236 | -7.1% |
| Tangible fixed assets | 22/27 | €974,696 | €897,461 | -€77,236 | -7.9% |
| Land and buildings | 22 | €940,860 | €864,702 | -€76,159 | -8.1% |
| Plant, machinery and equipment | 23 | €3,160 | €2,404 | -€756 | -23.9% |
| Furniture and vehicles | 24 | €30,676 | €30,355 | -€321 | -1.0% |
| Financial fixed assets | 28 | €112,583 | €112,583 | = | 0.0% |
| Current assets | 29/58 | €231,802 | €186,456 | -€45,346 | -19.6% |
| Amounts receivable within one year | 40/41 | €127,257 | €81,184 | -€46,072 | -36.2% |
| Other amounts receivable | 41 | €127,257 | €81,184 | -€46,072 | -36.2% |
| Current investments | 50/53 | €87,259 | €87,259 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,997 | €15,949 | +€951 | +6.3% |
| Deferred charges and accrued income | 490/1 | €2,289 | €2,064 | -€225 | -9.8% |
| Total equity and liabilities | 10/49 | €1,319,082 | €1,196,500 | -€122,582 | -9.3% |
| Equity | 10/15 | €947,827 | €866,632 | -€81,195 | -8.6% |
| Contributions | 10/11 | €208,182 | €208,182 | = | 0.0% |
| Capital | 10 | €208,182 | €208,182 | = | 0.0% |
| Issued capital | 100 | €208,182 | €208,182 | = | 0.0% |
| Reserves | 13 | €938,990 | €861,648 | -€77,343 | -8.2% |
| Non-distributable reserves | 130/1 | €20,818 | €20,818 | = | 0.0% |
| Legal reserve | 130 | €20,818 | €20,818 | = | 0.0% |
| Tax-exempt reserves | 132 | €705,842 | €628,500 | -€77,343 | -11.0% |
| Distributable reserves | 133 | €212,330 | €212,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,345 | -€203,198 | -€3,853 | -1.9% |
| Provisions and deferred taxes | 16 | €363,454 | €323,628 | -€39,825 | -11.0% |
| Deferred taxes | 168 | €363,454 | €323,628 | -€39,825 | -11.0% |
| Amounts payable | 17/49 | €7,801 | €6,240 | -€1,561 | -20.0% |
| Amounts payable within one year | 42/48 | €7,801 | €6,240 | -€1,561 | -20.0% |
| Trade debts | 44 | €6,427 | €4,866 | -€1,561 | -24.3% |
| Suppliers | 440/4 | €6,427 | €4,866 | -€1,561 | -24.3% |
| Other amounts payable | 47/48 | €1,374 | €1,374 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,100 | €77,236 | +€136 | +0.2% |
| Other operating charges | 640/8 | €4,415 | €6,068 | +€1,652 | +37.4% |
| Gross operating margin | 9900 | -€78,099 | -€37,611 | +€40,488 | +51.8% |
| Operating profit (loss) | 9901 | -€159,614 | -€120,915 | +€38,699 | +24.2% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €119 | €115 | -€4 | -3.0% |
| Recurring financial charges | 65 | €119 | €115 | -€4 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€159,732 | -€121,021 | +€38,712 | +24.2% |
| Transfer from deferred taxes | 780 | €39,825 | €39,825 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€119,907 | -€81,195 | +€38,712 | +32.3% |
| Transfer from tax-exempt reserves | 789 | €77,343 | €77,343 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,565 | -€3,853 | +€38,712 | +90.9% |
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 6 October 2026 via checked.be.