IMMOWELL: what changed
Two fiscal 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.
IMMOWELL
Largest movements
- Receivables within one year +€9.5m
up €9.5m (+2425.7%), from €390,736 to €9.9m
of which Other amounts receivable: +€8.7m
- Financial fixed assets -€2.2m
no longer reported in 2025 (was €2.2m)
- Other debts +€6.3m
up €6.3m (+833.3%), from €750,000 to €7.0m
- Trade debts +€1.1m
up €1.1m (+4808.8%), from €22,098 to €1.1m
- Financial income +€6.7m
up €6.7m (+39333.2%), from €17,121 to €6.8m
of which Non-recurring financial income: +€6.7m
- Gross operating margin -€297,198
down €297,198 (-43.8%), from €677,855 to €380,657
- Taxes -€73,795
down €73,795 (-44.6%), from €165,627 to €91,832
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,728,911 | €10,030,341 | +€7.3m | +267.6% |
| Fixed assets | 21/28 | €2,338,174 | €161,362 | -€2.2m | -93.1% |
| Tangible fixed assets | 22/27 | €163,815 | €161,362 | -€2,453 | -1.5% |
| Land and buildings | 22 | €160,911 | €158,458 | -€2,453 | -1.5% |
| Plant, machinery and equipment | 23 | €2,904 | €2,904 | = | 0.0% |
| Financial fixed assets | 28 | €2,174,359 | - | -€2.2m | |
| Current assets | 29/58 | €390,736 | €9,868,979 | +€9.5m | +2425.7% |
| Amounts receivable within one year | 40/41 | €390,736 | €9,868,979 | +€9.5m | +2425.7% |
| Trade receivables | 40 | €108,475 | €930,330 | +€821,855 | +757.6% |
| Other amounts receivable | 41 | €282,261 | €8,938,649 | +€8.7m | +3066.8% |
| Total equity and liabilities | 10/49 | €2,728,911 | €10,030,341 | +€7.3m | +267.6% |
| Equity | 10/15 | €1,930,363 | €1,934,953 | +€4,590 | +0.2% |
| Contributions | 10/11 | €1,128,000 | €1,128,000 | = | 0.0% |
| Capital | 10 | €1,128,000 | €1,128,000 | = | 0.0% |
| Issued capital | 100 | €1,128,000 | €1,128,000 | = | 0.0% |
| Reserves | 13 | €112,800 | €112,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112,800 | €112,800 | = | 0.0% |
| Legal reserve | 130 | €112,800 | €112,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €689,563 | €694,153 | +€4,590 | +0.7% |
| Amounts payable | 17/49 | €798,548 | €8,095,388 | +€7.3m | +913.8% |
| Amounts payable within one year | 42/48 | €798,548 | €8,095,388 | +€7.3m | +913.8% |
| Trade debts | 44 | €22,098 | €1,084,761 | +€1.1m | +4808.8% |
| Suppliers | 440/4 | €22,098 | €1,084,761 | +€1.1m | +4808.8% |
| Taxes, remuneration and social security | 45 | €26,449 | €10,627 | -€15,823 | -59.8% |
| Taxes | 450/3 | €26,449 | €10,627 | -€15,823 | -59.8% |
| Other amounts payable | 47/48 | €750,000 | €7,000,000 | +€6.3m | +833.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,074 | €2,453 | -€1,621 | -39.8% |
| Other operating charges | 640/8 | €30,500 | €31,289 | +€789 | +2.6% |
| Gross operating margin | 9900 | €677,855 | €380,657 | -€297,198 | -43.8% |
| Operating profit (loss) | 9901 | €643,281 | €346,915 | -€296,366 | -46.1% |
| Financial income | 75/76B | €17,121 | €6,751,240 | +€6.7m | +39333.2% |
| Recurring financial income | 75 | €17,121 | €22,145 | +€5,024 | +29.3% |
| Non-recurring financial income | 76B | - | €6,729,095 | +€6.7m | |
| Financial charges | 65/66B | €120 | €1,732 | +€1,612 | +1343.1% |
| Recurring financial charges | 65 | €120 | €1,732 | +€1,612 | +1343.1% |
| Profit (loss) for the period before taxes | 9903 | €660,282 | €7,096,422 | +€6.4m | +974.8% |
| Income taxes | 67/77 | €165,627 | €91,832 | -€73,795 | -44.6% |
| Profit (loss) for the period | 9904 | €494,655 | €7,004,590 | +€6.5m | +1316.1% |
| Profit (loss) for the period to be appropriated | 9905 | €494,655 | €7,004,590 | +€6.5m | +1316.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.