IMMOVIVEGNIS: 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.
IMMOVIVEGNIS
Largest movements
- Tangible fixed assets +€4.4m
up €4.4m (+1,028%), from €432,181 to €4.9m
- Financial fixed assets +€2.6m
new in 2025: €2.6m
- Receivables within one year +€201,004
up €201,004 (+2,149%), from €9,352 to €210,355
of which Other amounts receivable: +€209,190
- Debts after one year +€5.2m
up €5.2m (+1,115%), from €462,771 to €5.6m
- Other debts +€1.6m
up €1.6m (+29,488%), from €5,398 to €1.6m
- Current portion of long-term debt +€356,539
up €356,539 (+1,802%), from €19,784 to €376,323
- Profit (loss) carried forward +€94,969
up €94,969 (+41.1%), from -€230,846 to -€135,877
- Gross operating margin +€213,950
up €213,950 (+280%), from €76,293 to €290,243
- Financial charges +€55,970
up €55,970 (+285%), from €19,664 to €75,634
- Depreciation +€53,337
up €53,337 (+92.7%), from €57,548 to €110,885
- Other operating charges +€8,320
up €8,320 (+1,058%), from €786 to €9,106
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 | €477,776 | €7,739,100 | +€7.3m | +1,520% |
| Fixed assets | 21/28 | €432,181 | €7,504,768 | +€7.1m | +1,636% |
| Tangible fixed assets | 22/27 | €432,181 | €4,874,824 | +€4.4m | +1,028% |
| Land and buildings | 22 | €432,181 | €4,874,824 | +€4.4m | +1,028% |
| Financial fixed assets | 28 | - | €2,629,944 | +€2.6m | |
| Current assets | 29/58 | €45,596 | €234,333 | +€188,737 | +414% |
| Amounts receivable within one year | 40/41 | €9,352 | €210,355 | +€201,004 | +2,149% |
| Trade receivables | 40 | €8,615 | €428 | -€8,187 | -95.0% |
| Other amounts receivable | 41 | €737 | €209,927 | +€209,190 | +28,394% |
| Cash at bank and in hand | 54/58 | €36,244 | - | -€36,244 | |
| Deferred charges and accrued income | 490/1 | - | €23,977 | +€23,977 | |
| Total equity and liabilities | 10/49 | €477,776 | €7,739,100 | +€7.3m | +1,520% |
| Equity | 10/15 | -€10,280 | €84,689 | +€94,969 | |
| Contributions | 10/11 | €219,710 | €219,710 | = | 0.0% |
| Capital | 10 | €219,710 | €219,710 | = | 0.0% |
| Issued capital | 100 | €219,710 | €219,710 | = | 0.0% |
| Reserves | 13 | €856 | €856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €856 | €856 | = | 0.0% |
| Legal reserve | 130 | €856 | €856 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,846 | -€135,877 | +€94,969 | +41.1% |
| Amounts payable | 17/49 | €488,056 | €7,654,411 | +€7.2m | +1,468% |
| Amounts payable after more than one year | 17 | €462,771 | €5,623,838 | +€5.2m | +1,115% |
| Financial debts | 170/4 | €462,771 | €5,623,838 | +€5.2m | +1,115% |
| Amounts payable within one year | 42/48 | €25,285 | €2,030,573 | +€2.0m | +7,931% |
| Current portion of amounts payable after more than one year | 42 | €19,784 | €376,323 | +€356,539 | +1,802% |
| Financial debts | 43 | - | €18,869 | +€18,869 | |
| Credit institutions | 430/8 | - | €18,869 | +€18,869 | |
| Trade debts | 44 | €104 | €38,343 | +€38,239 | +36,751% |
| Suppliers | 440/4 | €104 | €38,343 | +€38,239 | +36,751% |
| Other amounts payable | 47/48 | €5,398 | €1,597,038 | +€1.6m | +29,488% |
| Non-recurring operating income | 76A | - | €30,944 | +€30,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,548 | €110,885 | +€53,337 | +92.7% |
| Other operating charges | 640/8 | €786 | €9,106 | +€8,320 | +1,058% |
| Gross operating margin | 9900 | €76,293 | €290,243 | +€213,950 | +280% |
| Operating profit (loss) | 9901 | €17,959 | €170,252 | +€152,293 | +848% |
| Financial income | 75/76B | €1,514 | €352 | -€1,162 | -76.8% |
| Recurring financial income | 75 | €1,514 | €352 | -€1,162 | -76.8% |
| Financial charges | 65/66B | €19,664 | €75,634 | +€55,970 | +285% |
| Recurring financial charges | 65 | €19,664 | €75,634 | +€55,970 | +285% |
| Profit (loss) for the period before taxes | 9903 | -€192 | €94,969 | +€95,161 | |
| Profit (loss) for the period | 9904 | -€192 | €94,969 | +€95,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€192 | €94,969 | +€95,161 |
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 28 October 2026 via checked.be.