Immoverdi: 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.
Immoverdi
Largest movements
- Tangible fixed assets -€32,837
down €32,837 (-8.4%), from €393,076 to €360,239
- Receivables within one year +€8,445
up €8,445 (+270.8%), from €3,118 to €11,563
of which Trade receivables: +€8,134
- Debts after one year -€31,006
down €31,006 (-12.0%), from €259,460 to €228,453
- Trade debts +€5,433
up €5,433 (+299.3%), from €1,815 to €7,248
- Gross operating margin -€5,399
down €5,399 (-10.2%), from €53,163 to €47,764
- Financial charges -€1,512
down €1,512 (-9.4%), from €16,165 to €14,654
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 | €430,707 | €403,900 | -€26,807 | -6.2% |
| Fixed assets | 21/28 | €393,076 | €360,239 | -€32,837 | -8.4% |
| Tangible fixed assets | 22/27 | €393,076 | €360,239 | -€32,837 | -8.4% |
| Land and buildings | 22 | €393,076 | €360,239 | -€32,837 | -8.4% |
| Current assets | 29/58 | €37,631 | €43,660 | +€6,029 | +16.0% |
| Amounts receivable within one year | 40/41 | €3,118 | €11,563 | +€8,445 | +270.8% |
| Trade receivables | 40 | €3,118 | €11,253 | +€8,134 | +260.9% |
| Other amounts receivable | 41 | - | €311 | +€311 | |
| Cash at bank and in hand | 54/58 | €33,571 | €31,147 | -€2,424 | -7.2% |
| Deferred charges and accrued income | 490/1 | €942 | €950 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €430,707 | €403,900 | -€26,807 | -6.2% |
| Equity | 10/15 | -€11,694 | -€13,901 | -€2,206 | -18.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,694 | -€163,901 | -€2,206 | -1.4% |
| Amounts payable | 17/49 | €442,401 | €417,800 | -€24,601 | -5.6% |
| Amounts payable after more than one year | 17 | €259,460 | €228,453 | -€31,006 | -12.0% |
| Financial debts | 170/4 | €259,460 | €228,453 | -€31,006 | -12.0% |
| Amounts payable within one year | 42/48 | €181,892 | €188,297 | +€6,405 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €29,409 | €31,006 | +€1,598 | +5.4% |
| Trade debts | 44 | €1,815 | €7,248 | +€5,433 | +299.3% |
| Suppliers | 440/4 | €1,815 | €7,248 | +€5,433 | +299.3% |
| Other amounts payable | 47/48 | €150,668 | €150,042 | -€626 | -0.4% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,837 | €32,837 | = | 0.0% |
| Other operating charges | 640/8 | €2,404 | €2,480 | +€75 | +3.1% |
| Gross operating margin | 9900 | €53,163 | €47,764 | -€5,399 | -10.2% |
| Operating profit (loss) | 9901 | €17,921 | €12,447 | -€5,474 | -30.5% |
| Financial charges | 65/66B | €16,165 | €14,654 | -€1,512 | -9.4% |
| Recurring financial charges | 65 | €16,165 | €14,654 | -€1,512 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €1,756 | -€2,206 | -€3,962 | |
| Profit (loss) for the period | 9904 | €1,756 | -€2,206 | -€3,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,756 | -€2,206 | -€3,962 |
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.