IMMOWONEN: 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.
IMMOWONEN
Largest movements
- Receivables after one year -€20,775
down €20,775 (-42.1%), from €49,375 to €28,600
- Receivables within one year +€19,266
up €19,266 (+5251.7%), from €367 to €19,633
of which Other amounts receivable: +€18,123
- Cash -€10,888
down €10,888 (-85.7%), from €12,707 to €1,819
mainly Contributions, distributions and other (-€56,607) and Receivables within one year (-€19,266)
- Deferred charges and accrued income -€3,352
down €3,352 (-15.2%), from €22,011 to €18,659
- Reserves -€68,185
no longer reported in 2025 (was €68,185)
- Other debts +€54,478
up €54,478 (+2559.0%), from €2,129 to €56,607
- Trade debts -€1,478
down €1,478 (-7.4%), from €19,887 to €18,409
- Tax, wage and social debts -€1,249
down €1,249 (-56.1%), from €2,225 to €976
- Gross operating margin -€34,445
down €34,445, from €24,918 to -€9,527
- Taxes -€3,316
down €3,316 (-96.2%), from €3,448 to €132
- Staff costs -€1,451
no longer reported in 2025 (was €1,451)
- Depreciation -€639
down €639 (-21.3%), from €3,001 to €2,362
- Financial income +€268
up €268 (+26.0%), from €1,031 to €1,299
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 | €93,028 | €76,949 | -€16,080 | -17.3% |
| Fixed assets | 21/28 | €8,569 | €8,238 | -€331 | -3.9% |
| Tangible fixed assets | 22/27 | €7,669 | €7,338 | -€331 | -4.3% |
| Land and buildings | 22 | €4,573 | €3,827 | -€746 | -16.3% |
| Plant, machinery and equipment | 23 | €743 | - | -€743 | |
| Furniture and vehicles | 24 | €975 | €2,134 | +€1,158 | +118.8% |
| Other tangible fixed assets | 26 | €1,377 | €1,377 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €84,460 | €68,711 | -€15,749 | -18.6% |
| Amounts receivable after more than one year | 29 | €49,375 | €28,600 | -€20,775 | -42.1% |
| Other amounts receivable | 291 | €49,375 | €28,600 | -€20,775 | -42.1% |
| Amounts receivable within one year | 40/41 | €367 | €19,633 | +€19,266 | +5251.7% |
| Trade receivables | 40 | - | €1,142 | +€1,142 | |
| Other amounts receivable | 41 | €367 | €18,490 | +€18,123 | +4940.3% |
| Cash at bank and in hand | 54/58 | €12,707 | €1,819 | -€10,888 | -85.7% |
| Deferred charges and accrued income | 490/1 | €22,011 | €18,659 | -€3,352 | -15.2% |
| Total equity and liabilities | 10/49 | €93,028 | €76,949 | -€16,080 | -17.3% |
| Equity | 10/15 | €68,685 | €500 | -€68,185 | -99.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €68,185 | - | -€68,185 | |
| Distributable reserves | 133 | €68,185 | - | -€68,185 | |
| Amounts payable | 17/49 | €24,343 | €76,449 | +€52,106 | +214.0% |
| Amounts payable within one year | 42/48 | €24,343 | €75,992 | +€51,649 | +212.2% |
| Financial debts | 43 | €102 | - | -€102 | |
| Credit institutions | 430/8 | €102 | - | -€102 | |
| Trade debts | 44 | €19,887 | €18,409 | -€1,478 | -7.4% |
| Suppliers | 440/4 | €19,887 | €18,409 | -€1,478 | -7.4% |
| Taxes, remuneration and social security | 45 | €2,225 | €976 | -€1,249 | -56.1% |
| Taxes | 450/3 | €2,225 | €976 | -€1,249 | -56.1% |
| Other amounts payable | 47/48 | €2,129 | €56,607 | +€54,478 | +2559.0% |
| Accrued charges and deferred income | 492/3 | - | €457 | +€457 | |
| Remuneration, social security and pensions | 62 | €1,451 | - | -€1,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,001 | €2,362 | -€639 | -21.3% |
| Other operating charges | 640/8 | €697 | €789 | +€92 | +13.2% |
| Gross operating margin | 9900 | €24,918 | -€9,527 | -€34,445 | |
| Operating profit (loss) | 9901 | €19,769 | -€12,678 | -€32,447 | |
| Financial income | 75/76B | €1,031 | €1,299 | +€268 | +26.0% |
| Recurring financial income | 75 | €1,031 | €1,299 | +€268 | +26.0% |
| Financial charges | 65/66B | €187 | €68 | -€119 | -63.7% |
| Recurring financial charges | 65 | €187 | €68 | -€119 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €20,614 | -€11,446 | -€32,060 | |
| Income taxes | 67/77 | €3,448 | €132 | -€3,316 | -96.2% |
| Profit (loss) for the period | 9904 | €17,165 | -€11,578 | -€28,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,165 | -€11,578 | -€28,744 |
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 6 October 2026 via checked.be.