IVIMMO: 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.
IVIMMO
Largest movements
- Cash +€202,790
new in 2025: €202,790
mainly Net result for the year (+€157,540) and Investment in fixed assets (net) (+€81,586)
- Tangible fixed assets -€85,499
no longer reported in 2025 (was €85,499)
of which Land and buildings: -€84,372
- Receivables within one year -€6,780
down €6,780 (-37.1%), from €18,270 to €11,490
- Financial fixed assets +€3,913
up €3,913 (+7825.9%), from €50 to €3,963
- Reserves +€149,327
up €149,327 (+8028.3%), from €1,860 to €151,187
of which Tax-exempt reserves: +€149,327
- Debts after one year -€39,769
no longer reported in 2025 (was €39,769)
- Provisions +€37,332
new in 2025: €37,332
- Trade debts -€21,057
no longer reported in 2025 (was €21,057)
- Current portion of long-term debt -€10,636
no longer reported in 2025 (was €10,636)
- Gross operating margin +€225,947
up €225,947, from -€12,113 to €213,833
- Depreciation -€14,844
no longer reported in 2025 (was €14,844)
- Financial charges +€12,834
up €12,834 (+294.8%), from €4,354 to €17,188
- Financial income -€2,650
down €2,650 (-99.9%), from €2,653 to €3
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 | €103,819 | €218,243 | +€114,424 | +110.2% |
| Fixed assets | 21/28 | €85,549 | €3,963 | -€81,586 | -95.4% |
| Tangible fixed assets | 22/27 | €85,499 | - | -€85,499 | |
| Land and buildings | 22 | €84,372 | - | -€84,372 | |
| Furniture and vehicles | 24 | €1,128 | - | -€1,128 | |
| Financial fixed assets | 28 | €50 | €3,963 | +€3,913 | +7825.9% |
| Current assets | 29/58 | €18,270 | €214,281 | +€196,011 | +1072.9% |
| Amounts receivable within one year | 40/41 | €18,270 | €11,490 | -€6,780 | -37.1% |
| Trade receivables | 40 | €18,270 | €11,490 | -€6,780 | -37.1% |
| Cash at bank and in hand | 54/58 | - | €202,790 | +€202,790 | |
| Total equity and liabilities | 10/49 | €103,819 | €218,243 | +€114,424 | +110.2% |
| Equity | 10/15 | -€24,280 | €133,260 | +€157,540 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €151,187 | +€149,327 | +8028.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €149,327 | +€149,327 | |
| Profit (loss) carried forward | 14 | -€41,140 | -€32,927 | +€8,213 | +20.0% |
| Provisions and deferred taxes | 16 | - | €37,332 | +€37,332 | |
| Deferred taxes | 168 | - | €37,332 | +€37,332 | |
| Amounts payable | 17/49 | €128,100 | €47,651 | -€80,448 | -62.8% |
| Amounts payable after more than one year | 17 | €39,769 | - | -€39,769 | |
| Financial debts | 170/4 | €39,769 | - | -€39,769 | |
| Amounts payable within one year | 42/48 | €85,950 | €44,071 | -€41,879 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €10,636 | - | -€10,636 | |
| Financial debts | 43 | €1,587 | - | -€1,587 | |
| Credit institutions | 430/8 | €1,587 | - | -€1,587 | |
| Trade debts | 44 | €21,057 | - | -€21,057 | |
| Suppliers | 440/4 | €21,057 | - | -€21,057 | |
| Taxes, remuneration and social security | 45 | €52,119 | €44,071 | -€8,047 | -15.4% |
| Taxes | 450/3 | €52,119 | €44,071 | -€8,047 | -15.4% |
| Other amounts payable | 47/48 | €552 | - | -€552 | |
| Accrued charges and deferred income | 492/3 | €2,380 | €3,580 | +€1,200 | +50.4% |
| Non-recurring operating income | 76A | - | €205,220 | +€205,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,844 | - | -€14,844 | |
| Other operating charges | 640/8 | €2,609 | €1,176 | -€1,433 | -54.9% |
| Gross operating margin | 9900 | -€12,113 | €213,833 | +€225,947 | |
| Operating profit (loss) | 9901 | -€29,566 | €212,657 | +€242,223 | |
| Financial income | 75/76B | €2,653 | €3 | -€2,650 | -99.9% |
| Recurring financial income | 75 | €2,653 | €3 | -€2,650 | -99.9% |
| Financial charges | 65/66B | €4,354 | €17,188 | +€12,834 | +294.8% |
| Recurring financial charges | 65 | €4,354 | €17,188 | +€12,834 | +294.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,267 | €195,472 | +€226,739 | |
| Transfer to deferred taxes | 680 | - | €37,332 | +€37,332 | |
| Income taxes | 67/77 | €687 | €600 | -€87 | -12.7% |
| Profit (loss) for the period | 9904 | -€31,954 | €157,540 | +€189,494 | |
| Transfer to tax-exempt reserves | 689 | - | €149,327 | +€149,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,954 | €8,213 | +€40,167 |
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 12 October 2026 via checked.be.