IMMOVETS: 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.
IMMOVETS
Largest movements
- Cash +€42,302
up €42,302 (+131%), from €32,343 to €74,644
mainly Net result for the year (+€61,312) and Depreciation (+€9,910)
- Receivables within one year +€28,968
up €28,968 (+61.1%), from €47,429 to €76,398
of which Other amounts receivable: +€27,277
- Tangible fixed assets -€8,818
down €8,818 (-3.7%), from €238,007 to €229,189
- Deferred charges and accrued income -€4,079
no longer reported in 2025 (was €4,079)
- Reserves +€61,312
up €61,312 (+46.8%), from €130,874 to €192,186
- Debts after one year -€16,118
down €16,118 (-10.5%), from €153,355 to €137,236
- Tax, wage and social debts +€8,355
up €8,355 (+145%), from €5,773 to €14,128
- Gross operating margin +€41,774
up €41,774 (+62.0%), from €67,326 to €109,100
- Taxes +€13,157
up €13,157 (+85.1%), from €15,455 to €28,612
- Other operating charges +€2,980
up €2,980 (+67.0%), from €4,450 to €7,430
- Financial income +€2,277
up €2,277 (+569,248%), from €0 to €2,277
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 | €347,445 | €404,726 | +€57,281 | +16.5% |
| Formation expenses | 20 | €25,587 | €24,496 | -€1,091 | -4.3% |
| Fixed assets | 21/28 | €238,007 | €229,189 | -€8,818 | -3.7% |
| Tangible fixed assets | 22/27 | €238,007 | €229,189 | -€8,818 | -3.7% |
| Land and buildings | 22 | €238,007 | €229,189 | -€8,818 | -3.7% |
| Current assets | 29/58 | €83,851 | €151,042 | +€67,191 | +80.1% |
| Amounts receivable within one year | 40/41 | €47,429 | €76,398 | +€28,968 | +61.1% |
| Trade receivables | 40 | €1,573 | €3,264 | +€1,691 | +108% |
| Other amounts receivable | 41 | €45,856 | €73,134 | +€27,277 | +59.5% |
| Cash at bank and in hand | 54/58 | €32,343 | €74,644 | +€42,302 | +131% |
| Deferred charges and accrued income | 490/1 | €4,079 | - | -€4,079 | |
| Total equity and liabilities | 10/49 | €347,445 | €404,726 | +€57,281 | +16.5% |
| Equity | 10/15 | €168,119 | €229,431 | +€61,312 | +36.5% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €130,874 | €192,186 | +€61,312 | +46.8% |
| Distributable reserves | 133 | €130,874 | €192,186 | +€61,312 | +46.8% |
| Profit (loss) carried forward | 14 | €1,245 | €1,245 | = | 0.0% |
| Amounts payable | 17/49 | €179,326 | €175,295 | -€4,031 | -2.2% |
| Amounts payable after more than one year | 17 | €153,355 | €137,236 | -€16,118 | -10.5% |
| Financial debts | 170/4 | €153,355 | €137,236 | -€16,118 | -10.5% |
| Amounts payable within one year | 42/48 | €25,971 | €38,059 | +€12,088 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €20,198 | €23,077 | +€2,880 | +14.3% |
| Trade debts | 44 | - | €853 | +€853 | |
| Suppliers | 440/4 | - | €853 | +€853 | |
| Taxes, remuneration and social security | 45 | €5,773 | €14,128 | +€8,355 | +145% |
| Taxes | 450/3 | €5,773 | €14,128 | +€8,355 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,910 | €9,910 | = | 0.0% |
| Other operating charges | 640/8 | €4,450 | €7,430 | +€2,980 | +67.0% |
| Gross operating margin | 9900 | €67,326 | €109,100 | +€41,774 | +62.0% |
| Operating profit (loss) | 9901 | €52,966 | €91,760 | +€38,794 | +73.2% |
| Financial income | 75/76B | €0 | €2,277 | +€2,277 | +569,248% |
| Recurring financial income | 75 | €0 | €2,277 | +€2,277 | +569,248% |
| Financial charges | 65/66B | €4,392 | €4,114 | -€278 | -6.3% |
| Recurring financial charges | 65 | €4,392 | €4,114 | -€278 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €48,574 | €89,924 | +€41,349 | +85.1% |
| Income taxes | 67/77 | €15,455 | €28,612 | +€13,157 | +85.1% |
| Profit (loss) for the period | 9904 | €33,119 | €61,312 | +€28,193 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,119 | €61,312 | +€28,193 | +85.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.