IMMOVERKO: what changed
Two financial 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.
IMMOVERKO
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Tangible fixed assets -€40,341
down €40,341 (-2.9%), from €1.4m to €1.3m
of which Land and buildings: -€44,088
- Receivables within one year +€38,735
up €38,735 (+166%), from €23,265 to €62,000
of which Trade receivables: +€42,000
- Cash -€23,700
down €23,700 (-58.4%), from €40,568 to €16,868
mainly Current investments (-€75,000) and Receivables within one year (-€38,735)
- Reserves +€31,713
up €31,713 (+3.4%), from €919,914 to €951,627
of which Distributable reserves: +€36,957
- Other debts +€24,654
up €24,654 (+319%), from €7,741 to €32,395
- Gross operating margin +€28,549
up €28,549 (+36.0%), from €79,231 to €107,780
- Taxes +€8,744
up €8,744 (+75.2%), from €11,629 to €20,373
- Depreciation +€2,087
up €2,087 (+4.5%), from €46,224 to €48,312
- Other operating charges +€1,126
up €1,126 (+14.6%), from €7,736 to €8,862
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.
Derived cash bridge
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 | €1,444,143 | €1,501,930 | +€57,787 | +4.0% |
| Fixed assets | 21/28 | €1,375,678 | €1,347,338 | -€28,341 | -2.1% |
| Tangible fixed assets | 22/27 | €1,375,678 | €1,335,338 | -€40,341 | -2.9% |
| Land and buildings | 22 | €1,366,321 | €1,322,233 | -€44,088 | -3.2% |
| Plant, machinery and equipment | 23 | €5,084 | €10,359 | +€5,275 | +104% |
| Furniture and vehicles | 24 | €4,273 | €2,746 | -€1,528 | -35.8% |
| Financial fixed assets | 28 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €68,465 | €154,593 | +€86,128 | +126% |
| Amounts receivable within one year | 40/41 | €23,265 | €62,000 | +€38,735 | +166% |
| Trade receivables | 40 | €20,000 | €62,000 | +€42,000 | +210% |
| Other amounts receivable | 41 | €3,265 | €0 | -€3,265 | -100% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €40,568 | €16,868 | -€23,700 | -58.4% |
| Deferred charges and accrued income | 490/1 | €4,632 | €725 | -€3,907 | -84.3% |
| Total equity and liabilities | 10/49 | €1,444,143 | €1,501,930 | +€57,787 | +4.0% |
| Equity | 10/15 | €1,357,616 | €1,389,329 | +€31,713 | +2.3% |
| Contributions | 10/11 | €384,623 | €384,623 | = | 0.0% |
| Reserves | 13 | €919,914 | €951,627 | +€31,713 | +3.4% |
| Tax-exempt reserves | 132 | €124,626 | €119,383 | -€5,243 | -4.2% |
| Distributable reserves | 133 | €795,288 | €832,244 | +€36,957 | +4.6% |
| Profit (loss) carried forward | 14 | €53,079 | €53,079 | = | 0.0% |
| Provisions and deferred taxes | 16 | €52,332 | €49,836 | -€2,496 | -4.8% |
| Deferred taxes | 168 | €52,332 | €49,836 | -€2,496 | -4.8% |
| Amounts payable | 17/49 | €34,196 | €62,765 | +€28,570 | +83.5% |
| Amounts payable after more than one year | 17 | €1,500 | €2,700 | +€1,200 | +80.0% |
| Other amounts payable | 178/9 | €1,500 | €2,700 | +€1,200 | +80.0% |
| Amounts payable within one year | 42/48 | €31,995 | €59,341 | +€27,346 | +85.5% |
| Trade debts | 44 | €22,360 | €21,073 | -€1,287 | -5.8% |
| Suppliers | 440/4 | €22,360 | €21,073 | -€1,287 | -5.8% |
| Taxes, remuneration and social security | 45 | €1,894 | €5,873 | +€3,979 | +210% |
| Taxes | 450/3 | €1,894 | €5,873 | +€3,979 | +210% |
| Other amounts payable | 47/48 | €7,741 | €32,395 | +€24,654 | +319% |
| Accrued charges and deferred income | 492/3 | €701 | €725 | +€24 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,224 | €48,312 | +€2,087 | +4.5% |
| Other operating charges | 640/8 | €7,736 | €8,862 | +€1,126 | +14.6% |
| Non-recurring operating charges | 66A | €963 | €0 | -€963 | -100% |
| Gross operating margin | 9900 | €79,231 | €107,780 | +€28,549 | +36.0% |
| Operating profit (loss) | 9901 | €24,308 | €50,606 | +€26,298 | +108% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,475 | €1,016 | -€459 | -31.1% |
| Recurring financial charges | 65 | €1,475 | €1,016 | -€459 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €22,832 | €49,590 | +€26,758 | +117% |
| Transfer from deferred taxes | 780 | €2,496 | €2,496 | = | 0.0% |
| Income taxes | 67/77 | €11,629 | €20,373 | +€8,744 | +75.2% |
| Profit (loss) for the period | 9904 | €13,699 | €31,713 | +€18,014 | +131% |
| Transfer from tax-exempt reserves | 789 | €5,243 | €5,243 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,943 | €36,957 | +€18,014 | +95.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.