IMMOVO: 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.
IMMOVO
Largest movements
- Tangible fixed assets -€98,959
down €98,959 (-7.0%), from €1.4m to €1.3m
of which Other tangible fixed assets: -€98,708
- Other debts -€107,347
down €107,347 (-30.8%), from €348,779 to €241,432
- Reserves +€88,465
up €88,465 (+23.6%), from €374,624 to €463,089
of which Distributable reserves: +€88,465
- Debts after one year -€74,026
down €74,026 (-13.6%), from €545,759 to €471,733
- Gross operating margin +€49,144
up €49,144 (+23.7%), from €207,725 to €256,869
- Depreciation -€40,943
down €40,943 (-29.3%), from €139,902 to €98,959
- Taxes +€20,344
up €20,344 (+209%), from €9,712 to €30,055
- Financial charges +€4,223
up €4,223 (+15.1%), from €27,961 to €32,184
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 | €1,423,015 | €1,326,150 | -€96,864 | -6.8% |
| Fixed assets | 21/28 | €1,417,229 | €1,318,270 | -€98,959 | -7.0% |
| Tangible fixed assets | 22/27 | €1,417,076 | €1,318,117 | -€98,959 | -7.0% |
| Furniture and vehicles | 24 | €502 | €251 | -€251 | -50.0% |
| Other tangible fixed assets | 26 | €1,416,575 | €1,317,867 | -€98,708 | -7.0% |
| Financial fixed assets | 28 | €153 | €153 | = | 0.0% |
| Current assets | 29/58 | €5,786 | €7,880 | +€2,094 | +36.2% |
| Amounts receivable within one year | 40/41 | €5,288 | €5,288 | = | 0.0% |
| Other amounts receivable | 41 | €5,288 | €5,288 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €497 | €2,592 | +€2,094 | +421% |
| Total equity and liabilities | 10/49 | €1,423,015 | €1,326,150 | -€96,864 | -6.8% |
| Equity | 10/15 | €436,598 | €525,063 | +€88,465 | +20.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €374,624 | €463,089 | +€88,465 | +23.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €368,427 | €456,892 | +€88,465 | +24.0% |
| Amounts payable | 17/49 | €986,417 | €801,087 | -€185,330 | -18.8% |
| Amounts payable after more than one year | 17 | €545,759 | €471,733 | -€74,026 | -13.6% |
| Financial debts | 170/4 | €545,759 | €471,733 | -€74,026 | -13.6% |
| Amounts payable within one year | 42/48 | €438,328 | €327,024 | -€111,304 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €76,095 | €73,911 | -€2,184 | -2.9% |
| Trade debts | 44 | €3,313 | €1,626 | -€1,687 | -50.9% |
| Suppliers | 440/4 | €3,313 | €1,626 | -€1,687 | -50.9% |
| Taxes, remuneration and social security | 45 | €10,141 | €10,055 | -€86 | -0.8% |
| Taxes | 450/3 | €10,141 | €10,055 | -€86 | -0.8% |
| Other amounts payable | 47/48 | €348,779 | €241,432 | -€107,347 | -30.8% |
| Accrued charges and deferred income | 492/3 | €2,330 | €2,330 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,902 | €98,959 | -€40,943 | -29.3% |
| Other operating charges | 640/8 | €4,700 | €7,207 | +€2,506 | +53.3% |
| Gross operating margin | 9900 | €207,725 | €256,869 | +€49,144 | +23.7% |
| Operating profit (loss) | 9901 | €63,123 | €150,704 | +€87,581 | +139% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €27,961 | €32,184 | +€4,223 | +15.1% |
| Recurring financial charges | 65 | €27,961 | €32,184 | +€4,223 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €35,162 | €118,520 | +€83,358 | +237% |
| Income taxes | 67/77 | €9,712 | €30,055 | +€20,344 | +209% |
| Profit (loss) for the period | 9904 | €25,450 | €88,465 | +€63,015 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €25,450 | €88,465 | +€63,015 | +248% |
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 30 October 2026 via checked.be.