IMMOVERDE: 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.
IMMOVERDE
Largest movements
- Tangible fixed assets -€103,980
down €103,980 (-5.2%), from €2.0m to €1.9m
of which Land and buildings: -€96,711
- Cash +€24,129
up €24,129 (+13.9%), from €173,272 to €197,401
mainly Depreciation (+€105,555) and Tax, wage and social debts (+€30,000)
- Profit (loss) carried forward -€92,290
down €92,290 (-62.8%), from €146,927 to €54,637
- Tax, wage and social debts +€30,000
up €30,000 (+1618.0%), from €1,854 to €31,854
of which Taxes: +€30,000
- Purchases and services -€107,927
no longer reported in 2025 (was €107,927)
- Gross operating margin -€38,738
down €38,738 (-20.9%), from €185,136 to €146,398
- Depreciation -€11,265
down €11,265 (-9.6%), from €116,820 to €105,555
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 | €2,173,453 | €2,094,471 | -€78,982 | -3.6% |
| Formation expenses | 20 | €265 | €0 | -€265 | -100.0% |
| Fixed assets | 21/28 | €1,981,389 | €1,877,409 | -€103,980 | -5.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,981,389 | €1,877,409 | -€103,980 | -5.2% |
| Land and buildings | 22 | €1,925,656 | €1,828,945 | -€96,711 | -5.0% |
| Plant, machinery and equipment | 23 | €671 | €420 | -€252 | -37.5% |
| Furniture and vehicles | 24 | €453 | €1,189 | +€737 | +162.8% |
| Other tangible fixed assets | 26 | €54,609 | €46,855 | -€7,754 | -14.2% |
| Current assets | 29/58 | €191,798 | €217,062 | +€25,263 | +13.2% |
| Amounts receivable within one year | 40/41 | €8,876 | €8,666 | -€210 | -2.4% |
| Trade receivables | 40 | €8,379 | €8,169 | -€210 | -2.5% |
| Other amounts receivable | 41 | €497 | €497 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,272 | €197,401 | +€24,129 | +13.9% |
| Deferred charges and accrued income | 490/1 | €9,651 | €10,995 | +€1,344 | +13.9% |
| Total equity and liabilities | 10/49 | €2,173,453 | €2,094,471 | -€78,982 | -3.6% |
| Equity | 10/15 | €2,048,957 | €1,956,667 | -€92,290 | -4.5% |
| Contributions | 10/11 | €1,892,224 | €1,892,224 | = | 0.0% |
| Capital | 10 | €1,892,224 | €1,892,224 | = | 0.0% |
| Issued capital | 100 | €1,892,224 | €1,892,224 | = | 0.0% |
| Outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €9,806 | €9,806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,737 | €5,737 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,737 | €5,737 | = | 0.0% |
| Distributable reserves | 133 | €4,069 | €4,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,927 | €54,637 | -€92,290 | -62.8% |
| Amounts payable | 17/49 | €124,495 | €137,803 | +€13,308 | +10.7% |
| Amounts payable within one year | 42/48 | €118,796 | €130,869 | +€12,073 | +10.2% |
| Trade debts | 44 | €38,849 | €23,270 | -€15,580 | -40.1% |
| Suppliers | 440/4 | €38,849 | €23,270 | -€15,580 | -40.1% |
| Taxes, remuneration and social security | 45 | €1,854 | €31,854 | +€30,000 | +1618.0% |
| Taxes | 450/3 | - | €30,000 | +€30,000 | |
| Remuneration and social security | 454/9 | €1,854 | €1,854 | = | 0.0% |
| Other amounts payable | 47/48 | €78,093 | €75,745 | -€2,348 | -3.0% |
| Accrued charges and deferred income | 492/3 | €5,699 | €6,934 | +€1,235 | +21.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,927 | - | -€107,927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,820 | €105,555 | -€11,265 | -9.6% |
| Other operating charges | 640/8 | €35,080 | €33,389 | -€1,690 | -4.8% |
| Gross operating margin | 9900 | €185,136 | €146,398 | -€38,738 | -20.9% |
| Operating profit (loss) | 9901 | €33,236 | €7,453 | -€25,783 | -77.6% |
| Financial income | 75/76B | €194 | €765 | +€570 | +293.5% |
| Recurring financial income | 75 | €194 | €765 | +€570 | +293.5% |
| Financial charges | 65/66B | €254 | €508 | +€254 | +99.8% |
| Recurring financial charges | 65 | €254 | €508 | +€254 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €33,176 | €7,710 | -€25,466 | -76.8% |
| Profit (loss) for the period | 9904 | €33,176 | €7,710 | -€25,466 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,176 | €7,710 | -€25,466 | -76.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.