IMMOWEN: 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.
IMMOWEN
Largest movements
- Cash +€4,754
up €4,754 (+127.5%), from €3,727 to €8,481
mainly Other debts (+€23,005) and Tax, wage and social debts (+€6,350)
- Receivables within one year +€1,842
up €1,842 (+2.7%), from €67,089 to €68,932
of which Trade receivables: +€965
- Other debts +€23,005
up €23,005 (+25.4%), from €90,503 to €113,507
- Profit (loss) carried forward -€16,635
down €16,635 (-20.3%), from -€81,849 to -€98,484
- Trade debts -€7,521
no longer reported in 2025 (was €7,521)
- Tax, wage and social debts +€6,350
up €6,350 (+40.7%), from €15,600 to €21,949
of which Taxes: +€13,670
- Debts after one year +€1,574
up €1,574 (+4.7%), from €33,800 to €35,374
- Staff costs -€16,840
down €16,840 (-42.8%), from €39,327 to €22,488
- Gross operating margin -€12,421
down €12,421 (-49.5%), from €25,095 to €12,674
- Other operating charges +€3,740
up €3,740 (+512.3%), from €730 to €4,470
- Financial charges -€2,016
down €2,016 (-55.6%), from €3,625 to €1,609
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
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 | €73,753 | €80,406 | +€6,653 | +9.0% |
| Fixed assets | 21/28 | €210 | €210 | = | 0.0% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €73,543 | €80,196 | +€6,653 | +9.0% |
| Amounts receivable within one year | 40/41 | €67,089 | €68,932 | +€1,842 | +2.7% |
| Trade receivables | 40 | €11,276 | €12,241 | +€965 | +8.6% |
| Other amounts receivable | 41 | €55,813 | €56,691 | +€877 | +1.6% |
| Cash at bank and in hand | 54/58 | €3,727 | €8,481 | +€4,754 | +127.5% |
| Deferred charges and accrued income | 490/1 | €2,726 | €2,783 | +€57 | +2.1% |
| Total equity and liabilities | 10/49 | €73,753 | €80,406 | +€6,653 | +9.0% |
| Equity | 10/15 | -€73,789 | -€90,424 | -€16,635 | -22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,849 | -€98,484 | -€16,635 | -20.3% |
| Amounts payable | 17/49 | €147,542 | €170,830 | +€23,289 | +15.8% |
| Amounts payable after more than one year | 17 | €33,800 | €35,374 | +€1,574 | +4.7% |
| Other amounts payable | 178/9 | €33,800 | €35,374 | +€1,574 | +4.7% |
| Amounts payable within one year | 42/48 | €113,623 | €135,456 | +€21,833 | +19.2% |
| Trade debts | 44 | €7,521 | - | -€7,521 | |
| Suppliers | 440/4 | €7,521 | - | -€7,521 | |
| Taxes, remuneration and social security | 45 | €15,600 | €21,949 | +€6,350 | +40.7% |
| Taxes | 450/3 | €4,578 | €18,248 | +€13,670 | +298.6% |
| Remuneration and social security | 454/9 | €11,022 | €3,701 | -€7,320 | -66.4% |
| Other amounts payable | 47/48 | €90,503 | €113,507 | +€23,005 | +25.4% |
| Accrued charges and deferred income | 492/3 | €118 | - | -€118 | |
| Remuneration, social security and pensions | 62 | €39,327 | €22,488 | -€16,840 | -42.8% |
| Other operating charges | 640/8 | €730 | €4,470 | +€3,740 | +512.3% |
| Non-recurring operating charges | 66A | - | €753 | +€753 | |
| Gross operating margin | 9900 | €25,095 | €12,674 | -€12,421 | -49.5% |
| Operating profit (loss) | 9901 | -€14,962 | -€15,037 | -€75 | -0.5% |
| Financial income | 75/76B | €59 | €10 | -€49 | -82.9% |
| Recurring financial income | 75 | €59 | €10 | -€49 | -82.9% |
| Financial charges | 65/66B | €3,625 | €1,609 | -€2,016 | -55.6% |
| Recurring financial charges | 65 | €3,625 | €1,609 | -€2,016 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,528 | -€16,635 | +€1,893 | +10.2% |
| Profit (loss) for the period | 9904 | -€18,528 | -€16,635 | +€1,893 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,528 | -€16,635 | +€1,893 | +10.2% |
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 8 October 2026 via checked.be.