IMMOVERN: 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.
IMMOVERN
Largest movements
- Tangible fixed assets -€60,786
down €60,786 (-2.9%), from €2.1m to €2.0m
of which Land and buildings: -€73,972
- Profit (loss) carried forward -€46,608
down €46,608 (-303.8%), from -€15,340 to -€61,948
- Debts after one year -€31,005
down €31,005 (-1.6%), from €2.0m to €2.0m
- Gross operating margin -€51,711
down €51,711 (-51.7%), from €100,033 to €48,323
- Other operating charges -€7,320
down €7,320 (-71.1%), from €10,300 to €2,980
- Financial charges -€1,212
down €1,212 (-6.9%), from €17,500 to €16,288
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 | €2,132,668 | €2,054,692 | -€77,976 | -3.7% |
| Fixed assets | 21/28 | €2,088,983 | €2,028,197 | -€60,786 | -2.9% |
| Tangible fixed assets | 22/27 | €2,088,983 | €2,028,197 | -€60,786 | -2.9% |
| Land and buildings | 22 | €2,082,338 | €2,008,366 | -€73,972 | -3.6% |
| Plant, machinery and equipment | 23 | €5,958 | €19,640 | +€13,682 | +229.6% |
| Furniture and vehicles | 24 | €687 | €191 | -€496 | -72.1% |
| Current assets | 29/58 | €43,685 | €26,494 | -€17,190 | -39.4% |
| Amounts receivable within one year | 40/41 | €17,654 | €19,169 | +€1,515 | +8.6% |
| Trade receivables | 40 | €15,815 | €15,815 | = | 0.0% |
| Other amounts receivable | 41 | €1,839 | €3,354 | +€1,515 | +82.4% |
| Cash at bank and in hand | 54/58 | €25,817 | €7,105 | -€18,713 | -72.5% |
| Deferred charges and accrued income | 490/1 | €213 | €220 | +€7 | +3.4% |
| Total equity and liabilities | 10/49 | €2,132,668 | €2,054,692 | -€77,976 | -3.7% |
| Equity | 10/15 | €46,660 | €52 | -€46,608 | -99.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,340 | -€61,948 | -€46,608 | -303.8% |
| Amounts payable | 17/49 | €2,086,008 | €2,054,640 | -€31,368 | -1.5% |
| Amounts payable after more than one year | 17 | €1,995,107 | €1,964,101 | -€31,005 | -1.6% |
| Financial debts | 170/4 | €1,995,107 | €1,964,101 | -€31,005 | -1.6% |
| Amounts payable within one year | 42/48 | €88,724 | €89,244 | +€521 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €79,676 | €81,122 | +€1,446 | +1.8% |
| Trade debts | 44 | €3,944 | €1,103 | -€2,841 | -72.0% |
| Suppliers | 440/4 | €3,944 | €1,103 | -€2,841 | -72.0% |
| Taxes, remuneration and social security | 45 | €903 | €2,519 | +€1,616 | +179.0% |
| Taxes | 450/3 | €903 | €2,519 | +€1,616 | +179.0% |
| Other amounts payable | 47/48 | €4,200 | €4,500 | +€300 | +7.1% |
| Accrued charges and deferred income | 492/3 | €2,178 | €1,294 | -€884 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,563 | €75,663 | +€100 | +0.1% |
| Other operating charges | 640/8 | €10,300 | €2,980 | -€7,320 | -71.1% |
| Gross operating margin | 9900 | €100,033 | €48,323 | -€51,711 | -51.7% |
| Operating profit (loss) | 9901 | €14,170 | -€30,320 | -€44,490 | |
| Financial charges | 65/66B | €17,500 | €16,288 | -€1,212 | -6.9% |
| Recurring financial charges | 65 | €17,500 | €16,288 | -€1,212 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,330 | -€46,608 | -€43,278 | -1299.6% |
| Profit (loss) for the period | 9904 | -€3,330 | -€46,608 | -€43,278 | -1299.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,330 | -€46,608 | -€43,278 | -1299.6% |
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 7 October 2026 via checked.be.