IMMOVERO: 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.
IMMOVERO
Largest movements
- Tangible fixed assets -€40,069
down €40,069 (-2.3%), from €1.7m to €1.7m
of which Land and buildings: -€41,157
No liability line moved by more than 1% of the balance sheet total.
- Turnover +€133,286
new in 2025: €133,286
- Gross operating margin -€40,807
down €40,807 (-32.1%), from €127,084 to €86,277
- Taxes -€32,813
down €32,813 (-89.0%), from €36,851 to €4,038
- Purchases and services -€8,988
down €8,988 (-16.1%), from €55,996 to €47,008
- Financial charges -€3,944
down €3,944 (-11.7%), from €33,684 to €29,740
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 | €1,828,753 | €1,802,845 | -€25,908 | -1.4% |
| Fixed assets | 21/28 | €1,748,650 | €1,708,581 | -€40,069 | -2.3% |
| Tangible fixed assets | 22/27 | €1,748,650 | €1,708,581 | -€40,069 | -2.3% |
| Land and buildings | 22 | €1,748,650 | €1,707,493 | -€41,157 | -2.4% |
| Plant, machinery and equipment | 23 | - | €1,088 | +€1,088 | |
| Current assets | 29/58 | €80,103 | €94,264 | +€14,161 | +17.7% |
| Amounts receivable within one year | 40/41 | €5,000 | €8,940 | +€3,940 | +78.8% |
| Other amounts receivable | 41 | €5,000 | €8,940 | +€3,940 | +78.8% |
| Cash at bank and in hand | 54/58 | €75,103 | €85,324 | +€10,221 | +13.6% |
| Total equity and liabilities | 10/49 | €1,828,753 | €1,802,845 | -€25,908 | -1.4% |
| Equity | 10/15 | €1,324,242 | €1,308,597 | -€15,645 | -1.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,261,742 | €1,246,097 | -€15,645 | -1.2% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €186,656 | €178,032 | -€8,624 | -4.6% |
| Distributable reserves | 133 | €1,068,836 | €1,061,815 | -€7,021 | -0.7% |
| Provisions and deferred taxes | 16 | €46,664 | €44,508 | -€2,156 | -4.6% |
| Deferred taxes | 168 | €46,664 | €44,508 | -€2,156 | -4.6% |
| Amounts payable | 17/49 | €457,847 | €449,740 | -€8,107 | -1.8% |
| Amounts payable after more than one year | 17 | €420,000 | €420,000 | = | 0.0% |
| Financial debts | 170/4 | €420,000 | - | -€420,000 | |
| Other amounts payable | 178/9 | - | €420,000 | +€420,000 | |
| Amounts payable within one year | 42/48 | €37,847 | €29,740 | -€8,107 | -21.4% |
| Taxes, remuneration and social security | 45 | €10,105 | €8,925 | -€1,180 | -11.7% |
| Taxes | 450/3 | €10,105 | €8,925 | -€1,180 | -11.7% |
| Other amounts payable | 47/48 | €27,741 | €20,815 | -€6,926 | -25.0% |
| Turnover | 70 | - | €133,286 | +€133,286 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,996 | €47,008 | -€8,988 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,710 | €41,701 | -€2,009 | -4.6% |
| Other operating charges | 640/8 | €11,493 | €11,690 | +€197 | +1.7% |
| Gross operating margin | 9900 | €127,084 | €86,277 | -€40,807 | -32.1% |
| Operating profit (loss) | 9901 | €71,880 | €32,886 | -€38,994 | -54.2% |
| Financial income | 75/76B | €2,905 | €3,091 | +€186 | +6.4% |
| Recurring financial income | 75 | €2,905 | €3,091 | +€186 | +6.4% |
| Financial charges | 65/66B | €33,684 | €29,740 | -€3,944 | -11.7% |
| Recurring financial charges | 65 | €33,684 | €29,740 | -€3,944 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €41,101 | €6,237 | -€34,864 | -84.8% |
| Transfer from deferred taxes | 780 | €10,083 | €2,156 | -€7,927 | -78.6% |
| Income taxes | 67/77 | €36,851 | €4,038 | -€32,813 | -89.0% |
| Profit (loss) for the period | 9904 | €14,333 | €4,355 | -€9,978 | -69.6% |
| Transfer from tax-exempt reserves | 789 | €41,448 | €8,625 | -€32,823 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,781 | €12,980 | -€42,801 | -76.7% |
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.