IMuerte: what changed
What changed
IMuerte
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€12,326
2024 · -€3,578+€15,904
Equity
-€125,462
2024 · -€137,788+€12,326
Cash
€3,269
2024 · €170,066-€166,797
Balance sheet total
€1.1m
2024 · €815,285+€306,192
Largest movements
Assets
- Tangible fixed assets +€355,543
up €355,543 (+61.5%), from €578,036 to €933,579
of which Land and buildings: +€403,502
- Cash -€166,797
down €166,797 (-98.1%), from €170,066 to €3,269
mainly Investment in fixed assets (net) (-€408,662) and Receivables within one year (-€116,885)
- Receivables within one year +€116,885
up €116,885 (+174%), from €67,182 to €184,068
of which Trade receivables: +€116,858
Equity and liabilities
- Trade debts +€214,341
up €214,341 (+583%), from €36,792 to €251,134
- Other debts +€128,646
up €128,646 (+51.0%), from €252,141 to €380,786
- Debts after one year -€69,966
down €69,966 (-12.2%), from €572,342 to €502,376
- Tax, wage and social debts +€29,898
new in 2025: €29,898
- Profit (loss) carried forward +€12,326
up €12,326 (+8.6%), from -€142,788 to -€130,462
Income statement
- Gross operating margin +€28,276
up €28,276 (+45.8%), from €61,684 to €89,961
- Depreciation +€13,076
up €13,076 (+32.7%), from €40,043 to €53,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€3,578
Gross operating margin
+€28,276
Depreciation
-€13,076
Other operating charges
-€312
Financial income
+€793
Financial charges
+€223
Result 2025
€12,326
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€323,474
Investment
-€408,662
Financing
-€81,610
Cash 2024
€170,066
From operations (derived)
+€323,474
Net result for the year
+€12,326
Depreciation
+€53,119
Receivables within one year
-€116,885
Deferred charges and accrued income
-€561
Trade debts
+€214,341
Tax, wage and social debts
+€29,898
Other debts
+€128,646
Accrued charges and deferred income
+€2,590
Investment (derived)
-€408,662
Investment in fixed assets (net)
-€408,662
Financing
-€81,610
Debts after one year
-€69,966
Current portion of long-term debt
-€11,644
Cash 2025
€3,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €815,285 | €1,121,476 | +€306,192 | +37.6% |
| Fixed assets | 21/28 | €578,036 | €933,579 | +€355,543 | +61.5% |
| Tangible fixed assets | 22/27 | €578,036 | €933,579 | +€355,543 | +61.5% |
| Land and buildings | 22 | €19,695 | €423,197 | +€403,502 | +2,049% |
| Plant, machinery and equipment | 23 | €6,024 | €5,730 | -€294 | -4.9% |
| Furniture and vehicles | 24 | - | €4,801 | +€4,801 | |
| Leasing and similar rights | 25 | €489,687 | €437,220 | -€52,467 | -10.7% |
| Other tangible fixed assets | 26 | €62,631 | €62,631 | = | 0.0% |
| Current assets | 29/58 | €237,249 | €187,898 | -€49,351 | -20.8% |
| Amounts receivable within one year | 40/41 | €67,182 | €184,068 | +€116,885 | +174% |
| Trade receivables | 40 | €67,175 | €184,032 | +€116,858 | +174% |
| Other amounts receivable | 41 | €7 | €35 | +€28 | +373% |
| Cash at bank and in hand | 54/58 | €170,066 | €3,269 | -€166,797 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €561 | +€561 | |
| Total equity and liabilities | 10/49 | €815,285 | €1,121,476 | +€306,192 | +37.6% |
| Equity | 10/15 | -€137,788 | -€125,462 | +€12,326 | +8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,788 | -€130,462 | +€12,326 | +8.6% |
| Amounts payable | 17/49 | €953,073 | €1,246,939 | +€293,865 | +30.8% |
| Amounts payable after more than one year | 17 | €572,342 | €502,376 | -€69,966 | -12.2% |
| Financial debts | 170/4 | €572,342 | €502,376 | -€69,966 | -12.2% |
| Amounts payable within one year | 42/48 | €373,276 | €734,517 | +€361,241 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €84,343 | €72,699 | -€11,644 | -13.8% |
| Trade debts | 44 | €36,792 | €251,134 | +€214,341 | +583% |
| Suppliers | 440/4 | €36,792 | €251,134 | +€214,341 | +583% |
| Taxes, remuneration and social security | 45 | - | €29,898 | +€29,898 | |
| Taxes | 450/3 | - | €29,898 | +€29,898 | |
| Other amounts payable | 47/48 | €252,141 | €380,786 | +€128,646 | +51.0% |
| Accrued charges and deferred income | 492/3 | €7,456 | €10,046 | +€2,590 | +34.7% |
| Non-recurring operating income | 76A | €9,847 | €9,847 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,043 | €53,119 | +€13,076 | +32.7% |
| Other operating charges | 640/8 | €262 | €574 | +€312 | +119% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €61,684 | €89,961 | +€28,276 | +45.8% |
| Operating profit (loss) | 9901 | €21,379 | €36,268 | +€14,889 | +69.6% |
| Financial income | 75/76B | €208 | €1,001 | +€793 | +381% |
| Recurring financial income | 75 | €208 | €1,001 | +€793 | +381% |
| Financial charges | 65/66B | €25,165 | €24,942 | -€223 | -0.9% |
| Recurring financial charges | 65 | €25,165 | €24,942 | -€223 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,578 | €12,326 | +€15,904 | |
| Profit (loss) for the period | 9904 | -€3,578 | €12,326 | +€15,904 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,578 | €12,326 | +€15,904 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.