IMMOVI: 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.
What changed
IMMOVI
NACE 47.781, Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€188,125
2024 · €183,212+€4,913
Equity
€443,658
2024 · €255,533+€188,125
Cash
€1
2024 · €241-€240
Balance sheet total
€2.0m
2024 · €2.0m-€3,524
Largest movements
Assets
- Receivables after one year +€155,100
up €155,100 (+137%), from €113,104 to €268,204
- Receivables within one year -€118,279
down €118,279 (-11.8%), from €998,603 to €880,324
of which Other amounts receivable: -€118,279
- Tangible fixed assets -€26,318
down €26,318 (-9.6%), from €274,653 to €248,335
of which Other tangible fixed assets: -€24,926
Equity and liabilities
- Reserves +€165,000
up €165,000 (+69.4%), from €237,595 to €402,595
of which Tax-exempt reserves: +€165,000
- Debts after one year -€124,986
down €124,986 (-13.0%), from €963,541 to €838,554
of which Financial debts: -€130,875
- Trade debts -€78,583
down €78,583 (-92.6%), from €84,855 to €6,272
- Provisions +€55,000
up €55,000 (+69.8%), from €78,781 to €133,781
- Profit (loss) carried forward +€23,125
up €23,125 (+52.5%), from -€44,036 to -€20,911
Income statement
- Gross operating margin +€125,192
up €125,192 (+56.2%), from €222,627 to €347,819
- Financial charges +€55,864
up €55,864, from -€7,490 to €48,373
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.
Result 2024
€183,212
Gross operating margin
+€125,192
Depreciation
-€1,745
Other operating charges
+€2,640
Financial income
+€691
Financial charges
-€55,864
Taxes
-€176
Deferred taxes and other
-€65,825
Result 2025
€188,125
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€163,025
Investment
-€9,750
Financing
-€153,515
Cash 2024
€241
From operations (derived)
+€163,025
Net result for the year
+€188,125
Depreciation
+€50,068
Receivables after one year
-€155,100
Receivables within one year
+€118,279
Smaller working-capital items
-€37
Provisions
+€55,000
Trade debts
-€78,583
Other debts
-€12,696
Accrued charges and deferred income
-€2,031
Investment (derived)
-€9,750
Investment in fixed assets (net)
-€9,750
Financing
-€153,515
Debts after one year
-€124,986
Current portion of long-term debt
-€7,074
Short-term financial debts
-€21,454
Cash 2025
€1
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,970,601 | €1,967,077 | -€3,524 | -0.2% |
| Fixed assets | 21/28 | €858,653 | €818,335 | -€40,318 | -4.7% |
| Intangible fixed assets | 21 | €12,500 | €0 | -€12,500 | -100% |
| Tangible fixed assets | 22/27 | €274,653 | €248,335 | -€26,318 | -9.6% |
| Land and buildings | 22 | €38,918 | €37,794 | -€1,124 | -2.9% |
| Furniture and vehicles | 24 | €4,027 | €3,759 | -€268 | -6.6% |
| Other tangible fixed assets | 26 | €231,708 | €206,782 | -€24,926 | -10.8% |
| Financial fixed assets | 28 | €571,500 | €570,000 | -€1,500 | -0.3% |
| Current assets | 29/58 | €1,111,948 | €1,148,742 | +€36,794 | +3.3% |
| Amounts receivable after more than one year | 29 | €113,104 | €268,204 | +€155,100 | +137% |
| Other amounts receivable | 291 | €113,104 | €268,204 | +€155,100 | +137% |
| Amounts receivable within one year | 40/41 | €998,603 | €880,324 | -€118,279 | -11.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €998,603 | €880,324 | -€118,279 | -11.8% |
| Cash at bank and in hand | 54/58 | €241 | €1 | -€240 | -99.5% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €1,970,601 | €1,967,077 | -€3,524 | -0.2% |
| Equity | 10/15 | €255,533 | €443,658 | +€188,125 | +73.6% |
| Contributions | 10/11 | €61,974 | €61,974 | = | 0.0% |
| Capital | 10 | €61,974 | €61,974 | = | 0.0% |
| Issued capital | 100 | €61,974 | €61,974 | = | 0.0% |
| Reserves | 13 | €237,595 | €402,595 | +€165,000 | +69.4% |
| Non-distributable reserves | 130/1 | €1,265 | €1,265 | = | 0.0% |
| Legal reserve | 130 | €1,265 | €1,265 | = | 0.0% |
| Tax-exempt reserves | 132 | €236,330 | €401,330 | +€165,000 | +69.8% |
| Profit (loss) carried forward | 14 | -€44,036 | -€20,911 | +€23,125 | +52.5% |
| Provisions and deferred taxes | 16 | €78,781 | €133,781 | +€55,000 | +69.8% |
| Deferred taxes | 168 | €78,781 | €133,781 | +€55,000 | +69.8% |
| Amounts payable | 17/49 | €1,636,287 | €1,389,638 | -€246,649 | -15.1% |
| Amounts payable after more than one year | 17 | €963,541 | €838,554 | -€124,986 | -13.0% |
| Financial debts | 170/4 | €938,929 | €808,054 | -€130,875 | -13.9% |
| Other amounts payable | 178/9 | €24,611 | €30,500 | +€5,889 | +23.9% |
| Amounts payable within one year | 42/48 | €665,351 | €545,720 | -€119,631 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €70,959 | €63,885 | -€7,074 | -10.0% |
| Financial debts | 43 | €27,058 | €5,604 | -€21,454 | -79.3% |
| Credit institutions | 430/8 | €27,058 | €5,604 | -€21,454 | -79.3% |
| Trade debts | 44 | €84,855 | €6,272 | -€78,583 | -92.6% |
| Suppliers | 440/4 | €84,855 | €6,272 | -€78,583 | -92.6% |
| Taxes, remuneration and social security | 45 | - | €176 | +€176 | |
| Taxes | 450/3 | - | €176 | +€176 | |
| Other amounts payable | 47/48 | €482,478 | €469,782 | -€12,696 | -2.6% |
| Accrued charges and deferred income | 492/3 | €7,395 | €5,364 | -€2,031 | -27.5% |
| Non-recurring operating income | 76A | - | €80,726 | +€80,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,323 | €50,068 | +€1,745 | +3.6% |
| Other operating charges | 640/8 | €9,414 | €6,774 | -€2,640 | -28.0% |
| Gross operating margin | 9900 | €222,627 | €347,819 | +€125,192 | +56.2% |
| Operating profit (loss) | 9901 | €164,890 | €290,976 | +€126,086 | +76.5% |
| Financial income | 75/76B | €7 | €697 | +€691 | +10,565% |
| Recurring financial income | 75 | €7 | €697 | +€691 | +10,565% |
| Financial charges | 65/66B | -€7,490 | €48,373 | +€55,864 | |
| Recurring financial charges | 65 | -€7,490 | €48,373 | +€55,864 | |
| Profit (loss) for the period before taxes | 9903 | €172,387 | €243,301 | +€70,914 | +41.1% |
| Transfer from deferred taxes | 780 | €52,505 | €0 | -€52,505 | -100% |
| Transfer to deferred taxes | 680 | €41,680 | €55,000 | +€13,320 | +32.0% |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | €183,212 | €188,125 | +€4,913 | +2.7% |
| Transfer from tax-exempt reserves | 789 | €101,966 | €0 | -€101,966 | -100% |
| Transfer to tax-exempt reserves | 689 | €125,040 | €165,000 | +€39,960 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,138 | €23,125 | -€137,013 | -85.6% |
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 26 October 2026 via checked.be.