IMMOVINIER: 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.
IMMOVINIER
Largest movements
- Cash -€27,726
down €27,726 (-67.0%), from €41,389 to €13,663
mainly Net result for the year (-€26,314) and Debts after one year (-€17,421)
- Tangible fixed assets -€18,524
down €18,524 (-10.5%), from €176,826 to €158,301
of which Land and buildings: -€10,658
- Receivables within one year +€4,485
up €4,485 (+43.4%), from €10,346 to €14,831
of which Trade receivables: +€4,550
- Profit (loss) carried forward -€26,314
down €26,314 (-40.8%), from €64,526 to €38,211
- Debts after one year -€17,421
down €17,421 (-43.8%), from €39,741 to €22,320
- Other debts +€3,392
up €3,392 (+31.6%), from €10,733 to €14,124
- Tax, wage and social debts +€2,820
up €2,820 (+33.6%), from €8,381 to €11,201
of which Remuneration and social security: +€2,262
- Current portion of long-term debt -€2,535
down €2,535 (-12.7%), from €19,955 to €17,421
- Gross operating margin +€18,209
up €18,209 (+54.0%), from €33,730 to €51,939
- Staff costs +€7,774
up €7,774 (+20.8%), from €37,368 to €45,142
- Depreciation +€3,478
up €3,478 (+19.2%), from €18,126 to €21,604
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 | €229,024 | €187,747 | -€41,277 | -18.0% |
| Fixed assets | 21/28 | €176,826 | €158,301 | -€18,524 | -10.5% |
| Tangible fixed assets | 22/27 | €176,826 | €158,301 | -€18,524 | -10.5% |
| Land and buildings | 22 | €160,327 | €149,669 | -€10,658 | -6.6% |
| Plant, machinery and equipment | 23 | €467 | - | -€467 | |
| Furniture and vehicles | 24 | €16,031 | €8,632 | -€7,399 | -46.2% |
| Current assets | 29/58 | €52,198 | €29,446 | -€22,753 | -43.6% |
| Amounts receivable within one year | 40/41 | €10,346 | €14,831 | +€4,485 | +43.4% |
| Trade receivables | 40 | €8,174 | €12,724 | +€4,550 | +55.7% |
| Other amounts receivable | 41 | €2,171 | €2,107 | -€64 | -3.0% |
| Cash at bank and in hand | 54/58 | €41,389 | €13,663 | -€27,726 | -67.0% |
| Deferred charges and accrued income | 490/1 | €464 | €951 | +€488 | +105% |
| Total equity and liabilities | 10/49 | €229,024 | €187,747 | -€41,277 | -18.0% |
| Equity | 10/15 | €146,330 | €120,016 | -€26,314 | -18.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,526 | €38,211 | -€26,314 | -40.8% |
| Amounts payable | 17/49 | €82,693 | €67,731 | -€14,963 | -18.1% |
| Amounts payable after more than one year | 17 | €39,741 | €22,320 | -€17,421 | -43.8% |
| Financial debts | 170/4 | €39,741 | €22,320 | -€17,421 | -43.8% |
| Amounts payable within one year | 42/48 | €42,953 | €45,411 | +€2,458 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €19,955 | €17,421 | -€2,535 | -12.7% |
| Trade debts | 44 | €3,884 | €2,664 | -€1,219 | -31.4% |
| Suppliers | 440/4 | €3,884 | €2,664 | -€1,219 | -31.4% |
| Taxes, remuneration and social security | 45 | €8,381 | €11,201 | +€2,820 | +33.6% |
| Taxes | 450/3 | €2,240 | €2,798 | +€558 | +24.9% |
| Remuneration and social security | 454/9 | €6,141 | €8,403 | +€2,262 | +36.8% |
| Other amounts payable | 47/48 | €10,733 | €14,124 | +€3,392 | +31.6% |
| Remuneration, social security and pensions | 62 | €37,368 | €45,142 | +€7,774 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,126 | €21,604 | +€3,478 | +19.2% |
| Other operating charges | 640/8 | €10,048 | €10,407 | +€360 | +3.6% |
| Non-recurring operating charges | 66A | - | €80 | +€80 | |
| Gross operating margin | 9900 | €33,730 | €51,939 | +€18,209 | +54.0% |
| Operating profit (loss) | 9901 | -€31,812 | -€25,295 | +€6,518 | +20.5% |
| Financial income | 75/76B | €157 | €112 | -€44 | -28.3% |
| Recurring financial income | 75 | €157 | €112 | -€44 | -28.3% |
| Financial charges | 65/66B | €1,478 | €1,132 | -€346 | -23.4% |
| Recurring financial charges | 65 | €1,478 | €1,132 | -€346 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,134 | -€26,314 | +€6,820 | +20.6% |
| Income taxes | 67/77 | €9 | - | -€9 | |
| Profit (loss) for the period | 9904 | -€33,143 | -€26,314 | +€6,828 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,143 | -€26,314 | +€6,828 | +20.6% |
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 24 October 2026 via checked.be.