IMMOVU: 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.
IMMOVU
Largest movements
- Receivables within one year -€211,979
down €211,979 (-98.2%), from €215,838 to €3,860
- Cash +€81,413
up €81,413 (+33.4%), from €243,776 to €325,189
mainly Receivables within one year (+€211,979) and Depreciation (+€135,293)
- Tangible fixed assets -€27,715
down €27,715 (-1.6%), from €1.7m to €1.7m
of which Land and buildings: -€33,598
- Profit (loss) carried forward -€50,000
down €50,000 (-13.2%), from €378,991 to €328,991
- Debts after one year -€46,490
down €46,490 (-10.2%), from €454,786 to €408,296
- Gross operating margin -€42,687
down €42,687 (-23.4%), from €182,249 to €139,563
- Taxes -€14,068
down €14,068 (-53.7%), from €26,208 to €12,140
- Other operating charges -€5,864
down €5,864 (-23.2%), from €25,286 to €19,422
- Depreciation +€5,653
up €5,653 (+4.4%), from €129,639 to €135,293
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 | €2,204,210 | €2,044,580 | -€159,631 | -7.2% |
| Fixed assets | 21/28 | €1,743,247 | €1,715,531 | -€27,715 | -1.6% |
| Tangible fixed assets | 22/27 | €1,743,247 | €1,715,531 | -€27,715 | -1.6% |
| Land and buildings | 22 | €1,720,445 | €1,686,847 | -€33,598 | -2.0% |
| Plant, machinery and equipment | 23 | €6,766 | €7,845 | +€1,079 | +15.9% |
| Furniture and vehicles | 24 | €16,035 | €20,839 | +€4,804 | +30.0% |
| Current assets | 29/58 | €460,964 | €329,048 | -€131,915 | -28.6% |
| Amounts receivable within one year | 40/41 | €215,838 | €3,860 | -€211,979 | -98.2% |
| Other amounts receivable | 41 | €215,838 | €3,860 | -€211,979 | -98.2% |
| Cash at bank and in hand | 54/58 | €243,776 | €325,189 | +€81,413 | +33.4% |
| Deferred charges and accrued income | 490/1 | €1,350 | €0 | -€1,350 | -100% |
| Total equity and liabilities | 10/49 | €2,204,210 | €2,044,580 | -€159,631 | -7.2% |
| Equity | 10/15 | €1,448,204 | €1,377,893 | -€70,311 | -4.9% |
| Contributions | 10/11 | €458,603 | €458,603 | = | 0.0% |
| Capital | 10 | €458,603 | €458,603 | = | 0.0% |
| Issued capital | 100 | €458,603 | €458,603 | = | 0.0% |
| Reserves | 13 | €610,610 | €590,299 | -€20,311 | -3.3% |
| Non-distributable reserves | 130/1 | €45,860 | €45,860 | = | 0.0% |
| Legal reserve | 130 | €45,860 | €45,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €379,735 | €336,846 | -€42,889 | -11.3% |
| Distributable reserves | 133 | €185,015 | €207,593 | +€22,578 | +12.2% |
| Profit (loss) carried forward | 14 | €378,991 | €328,991 | -€50,000 | -13.2% |
| Provisions and deferred taxes | 16 | €152,342 | €136,160 | -€16,182 | -10.6% |
| Provisions for liabilities and charges | 160/5 | €11,969 | €11,224 | -€745 | -6.2% |
| Other liabilities and charges | 164/5 | €11,969 | €11,224 | -€745 | -6.2% |
| Deferred taxes | 168 | €140,373 | €124,936 | -€15,437 | -11.0% |
| Amounts payable | 17/49 | €603,664 | €530,527 | -€73,138 | -12.1% |
| Amounts payable after more than one year | 17 | €454,786 | €408,296 | -€46,490 | -10.2% |
| Financial debts | 170/4 | €454,786 | €408,296 | -€46,490 | -10.2% |
| Amounts payable within one year | 42/48 | €148,879 | €122,231 | -€26,648 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €45,837 | €46,490 | +€652 | +1.4% |
| Trade debts | 44 | €14,988 | €11,616 | -€3,372 | -22.5% |
| Suppliers | 440/4 | €14,988 | €11,616 | -€3,372 | -22.5% |
| Taxes, remuneration and social security | 45 | €33,208 | €15,000 | -€18,208 | -54.8% |
| Taxes | 450/3 | €33,208 | €15,000 | -€18,208 | -54.8% |
| Other amounts payable | 47/48 | €54,845 | €49,125 | -€5,720 | -10.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,639 | €135,293 | +€5,653 | +4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,053 | €1,116 | +€63 | +6.0% |
| Other operating charges | 640/8 | €25,286 | €19,422 | -€5,864 | -23.2% |
| Gross operating margin | 9900 | €182,249 | €139,563 | -€42,687 | -23.4% |
| Operating profit (loss) | 9901 | €26,271 | -€16,268 | -€42,539 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,035 | €7,340 | -€696 | -8.7% |
| Recurring financial charges | 65 | €8,035 | €7,340 | -€696 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €18,236 | -€23,608 | -€41,844 | |
| Transfer from deferred taxes | 780 | €15,437 | €15,437 | = | 0.0% |
| Income taxes | 67/77 | €26,208 | €12,140 | -€14,068 | -53.7% |
| Profit (loss) for the period | 9904 | €7,465 | -€20,311 | -€27,776 | |
| Transfer from tax-exempt reserves | 789 | €42,889 | €42,889 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,354 | €22,578 | -€27,776 | -55.2% |
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 15 October 2026 via checked.be.