IMMVOC: 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.
IMMVOC
Largest movements
- Tangible fixed assets -€42,917
down €42,917 (-5.3%), from €806,699 to €763,782
of which Land and buildings: -€42,917
- Other debts -€93,903
down €93,903 (-11.9%), from €789,088 to €695,185
- Reserves +€89,426
up €89,426 (+99.1%), from €90,265 to €179,691
of which Distributable reserves: +€89,426
- Current portion of long-term debt -€40,016
down €40,016 (-100%), from €40,016 to €0
- Tax, wage and social debts +€14,980
up €14,980 (+592%), from €2,529 to €17,509
- Taxes +€16,995
up €16,995 (+64.9%), from €26,202 to €43,197
- Gross operating margin +€14,738
up €14,738 (+8.3%), from €176,732 to €191,470
- Financial charges -€12,842
down €12,842 (-65.0%), from €19,767 to €6,925
- Depreciation -€3,741
down €3,741 (-8.0%), from €46,657 to €42,917
- Financial income +€3,143
up €3,143 (+86,812%), from €4 to €3,146
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 | €928,671 | €893,166 | -€35,505 | -3.8% |
| Fixed assets | 21/28 | €806,699 | €763,782 | -€42,917 | -5.3% |
| Tangible fixed assets | 22/27 | €806,699 | €763,782 | -€42,917 | -5.3% |
| Land and buildings | 22 | €806,699 | €763,782 | -€42,917 | -5.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €121,972 | €129,384 | +€7,412 | +6.1% |
| Amounts receivable within one year | 40/41 | €109,023 | €113,352 | +€4,330 | +4.0% |
| Trade receivables | 40 | €3,610 | €4,933 | +€1,322 | +36.6% |
| Other amounts receivable | 41 | €105,413 | €108,420 | +€3,007 | +2.9% |
| Cash at bank and in hand | 54/58 | €12,949 | €12,697 | -€252 | -1.9% |
| Deferred charges and accrued income | 490/1 | - | €3,334 | +€3,334 | |
| Total equity and liabilities | 10/49 | €928,671 | €893,166 | -€35,505 | -3.8% |
| Equity | 10/15 | €90,724 | €180,151 | +€89,426 | +98.6% |
| Contributions | 10/11 | €460 | €460 | = | 0.0% |
| Contributions outside capital | 11 | €460 | - | -€460 | |
| Other | 1109/19 | €460 | - | -€460 | |
| Reserves | 13 | €90,265 | €179,691 | +€89,426 | +99.1% |
| Tax-exempt reserves | 132 | €133 | €133 | = | 0.0% |
| Distributable reserves | 133 | €90,131 | €179,558 | +€89,426 | +99.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €837,947 | €713,015 | -€124,931 | -14.9% |
| Amounts payable within one year | 42/48 | €832,947 | €713,015 | -€119,931 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €40,016 | €0 | -€40,016 | -100% |
| Trade debts | 44 | €1,314 | €322 | -€992 | -75.5% |
| Suppliers | 440/4 | €1,314 | €322 | -€992 | -75.5% |
| Taxes, remuneration and social security | 45 | €2,529 | €17,509 | +€14,980 | +592% |
| Taxes | 450/3 | €2,529 | €17,509 | +€14,980 | +592% |
| Other amounts payable | 47/48 | €789,088 | €695,185 | -€93,903 | -11.9% |
| Accrued charges and deferred income | 492/3 | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,657 | €42,917 | -€3,741 | -8.0% |
| Other operating charges | 640/8 | €10,752 | €10,485 | -€267 | -2.5% |
| Gross operating margin | 9900 | €176,732 | €191,470 | +€14,738 | +8.3% |
| Operating profit (loss) | 9901 | €119,323 | €138,068 | +€18,745 | +15.7% |
| Financial income | 75/76B | €4 | €3,146 | +€3,143 | +86,812% |
| Recurring financial income | 75 | €4 | €3,146 | +€3,143 | +86,812% |
| Financial charges | 65/66B | €19,767 | €6,925 | -€12,842 | -65.0% |
| Recurring financial charges | 65 | €19,767 | €6,925 | -€12,842 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €99,560 | €134,290 | +€34,730 | +34.9% |
| Income taxes | 67/77 | €26,202 | €43,197 | +€16,995 | +64.9% |
| Profit (loss) for the period | 9904 | €73,358 | €91,092 | +€17,734 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,358 | €91,092 | +€17,734 | +24.2% |
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 21 October 2026 via checked.be.