Van Immerzeele: 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.
Van Immerzeele
Largest movements
- Receivables within one year -€3,465
down €3,465 (-64.1%), from €5,403 to €1,938
of which Trade receivables: -€2,640
- Tangible fixed assets -€1,503
down €1,503 (-100.0%), from €1,503 to €0
of which Plant, machinery and equipment: -€1,381
- Deferred charges and accrued income -€909
down €909 (-57.5%), from €1,582 to €673
- Trade debts -€11,615
down €11,615 (-54.2%), from €21,416 to €9,802
- Other debts +€5,185
up €5,185 (+942.0%), from €550 to €5,735
- Profit (loss) carried forward +€3,460
up €3,460 (+7.5%), from -€46,084 to -€42,625
- Short-term financial debts -€2,910
down €2,910 (-24.0%), from €12,146 to €9,235
- Gross operating margin +€11,753
up €11,753, from -€6,979 to €4,774
- Financial income +€3,058
up €3,058 (+30577000.0%), from €0 to €3,058
- Staff costs -€846
down €846 (-100.0%), from €846 to €0
- Depreciation -€599
down €599 (-28.5%), from €2,102 to €1,503
- Financial charges -€231
down €231 (-10.8%), from €2,135 to €1,904
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,488 | €2,612 | -€5,877 | -69.2% |
| Fixed assets | 21/28 | €1,503 | €0 | -€1,503 | -100.0% |
| Tangible fixed assets | 22/27 | €1,503 | €0 | -€1,503 | -100.0% |
| Plant, machinery and equipment | 23 | €1,381 | €0 | -€1,381 | -100.0% |
| Furniture and vehicles | 24 | €122 | €0 | -€122 | -100.0% |
| Current assets | 29/58 | €6,985 | €2,612 | -€4,374 | -62.6% |
| Amounts receivable within one year | 40/41 | €5,403 | €1,938 | -€3,465 | -64.1% |
| Trade receivables | 40 | €4,015 | €1,375 | -€2,640 | -65.7% |
| Other amounts receivable | 41 | €1,388 | €563 | -€825 | -59.4% |
| Deferred charges and accrued income | 490/1 | €1,582 | €673 | -€909 | -57.5% |
| Total equity and liabilities | 10/49 | €8,488 | €2,612 | -€5,877 | -69.2% |
| Equity | 10/15 | -€25,624 | -€22,165 | +€3,460 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,084 | -€42,625 | +€3,460 | +7.5% |
| Amounts payable | 17/49 | €34,113 | €24,776 | -€9,336 | -27.4% |
| Amounts payable within one year | 42/48 | €34,113 | €24,776 | -€9,336 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €12,146 | €9,235 | -€2,910 | -24.0% |
| Credit institutions | 430/8 | €12,146 | €9,235 | -€2,910 | -24.0% |
| Trade debts | 44 | €21,416 | €9,802 | -€11,615 | -54.2% |
| Suppliers | 440/4 | €21,416 | €9,802 | -€11,615 | -54.2% |
| Taxes, remuneration and social security | 45 | €0 | €4 | +€4 | +5250.0% |
| Taxes | 450/3 | €0 | €4 | +€4 | +5250.0% |
| Other amounts payable | 47/48 | €550 | €5,735 | +€5,185 | +942.0% |
| Remuneration, social security and pensions | 62 | €846 | €0 | -€846 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,102 | €1,503 | -€599 | -28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €143 | €0 | -€143 | -100.0% |
| Other operating charges | 640/8 | €1,051 | €966 | -€85 | -8.0% |
| Gross operating margin | 9900 | -€6,979 | €4,774 | +€11,753 | |
| Operating profit (loss) | 9901 | -€11,120 | €2,305 | +€13,426 | |
| Financial income | 75/76B | €0 | €3,058 | +€3,058 | +30577000.0% |
| Recurring financial income | 75 | €0 | €3,058 | +€3,058 | +30577000.0% |
| Financial charges | 65/66B | €2,135 | €1,904 | -€231 | -10.8% |
| Recurring financial charges | 65 | €2,135 | €1,904 | -€231 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,255 | €3,460 | +€16,715 | |
| Profit (loss) for the period | 9904 | -€13,255 | €3,460 | +€16,715 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,255 | €3,460 | +€16,715 |
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 4 October 2026 via checked.be.