WE IMMVEST: 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.
WE IMMVEST
Largest movements
- Tangible fixed assets -€361,732
down €361,732 (-42.3%), from €855,951 to €494,218
of which Land and buildings: -€356,692
- Stocks and contracts +€93,743
new in 2025: €93,743
- Cash -€28,959
down €28,959 (-88.6%), from €32,686 to €3,728
mainly Other debts (-€360,207) and Stocks and contracts (-€93,743)
- Other debts -€360,207
down €360,207 (-57.1%), from €630,962 to €270,755
- Profit (loss) carried forward +€77,362
up €77,362 (+61.0%), from -€126,900 to -€49,538
- Debts after one year -€17,891
down €17,891 (-4.9%), from €361,902 to €344,011
- Gross operating margin +€97,670
up €97,670 (+2,138%), from €4,568 to €102,239
- Depreciation -€14,652
down €14,652 (-49.8%), from €29,412 to €14,759
- Other operating charges +€2,647
up €2,647 (+806%), from €328 to €2,976
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 | €891,818 | €594,928 | -€296,890 | -33.3% |
| Fixed assets | 21/28 | €855,951 | €494,218 | -€361,732 | -42.3% |
| Tangible fixed assets | 22/27 | €855,951 | €494,218 | -€361,732 | -42.3% |
| Land and buildings | 22 | €836,469 | €479,777 | -€356,692 | -42.6% |
| Plant, machinery and equipment | 23 | €8,716 | €10,028 | +€1,312 | +15.0% |
| Assets under construction and advance payments | 27 | €10,766 | €4,414 | -€6,352 | -59.0% |
| Current assets | 29/58 | €35,867 | €100,710 | +€64,842 | +181% |
| Stocks and contracts in progress | 3 | - | €93,743 | +€93,743 | |
| Stocks | 30/36 | - | €93,743 | +€93,743 | |
| Amounts receivable within one year | 40/41 | €3,031 | €2,546 | -€485 | -16.0% |
| Trade receivables | 40 | €730 | €199 | -€531 | -72.7% |
| Other amounts receivable | 41 | €2,301 | €2,347 | +€46 | +2.0% |
| Cash at bank and in hand | 54/58 | €32,686 | €3,728 | -€28,959 | -88.6% |
| Deferred charges and accrued income | 490/1 | €150 | €694 | +€544 | +362% |
| Total equity and liabilities | 10/49 | €891,818 | €594,928 | -€296,890 | -33.3% |
| Equity | 10/15 | -€121,900 | -€44,538 | +€77,362 | +63.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,900 | -€49,538 | +€77,362 | +61.0% |
| Amounts payable | 17/49 | €1,013,718 | €639,466 | -€374,252 | -36.9% |
| Amounts payable after more than one year | 17 | €361,902 | €344,011 | -€17,891 | -4.9% |
| Financial debts | 170/4 | €361,902 | €344,011 | -€17,891 | -4.9% |
| Amounts payable within one year | 42/48 | €651,817 | €292,216 | -€359,601 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €18,448 | €20,465 | +€2,017 | +10.9% |
| Trade debts | 44 | €2,407 | €301 | -€2,106 | -87.5% |
| Suppliers | 440/4 | €2,407 | €301 | -€2,106 | -87.5% |
| Taxes, remuneration and social security | 45 | - | €695 | +€695 | |
| Taxes | 450/3 | - | €695 | +€695 | |
| Other amounts payable | 47/48 | €630,962 | €270,755 | -€360,207 | -57.1% |
| Accrued charges and deferred income | 492/3 | - | €3,239 | +€3,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,412 | €14,759 | -€14,652 | -49.8% |
| Other operating charges | 640/8 | €328 | €2,976 | +€2,647 | +806% |
| Gross operating margin | 9900 | €4,568 | €102,239 | +€97,670 | +2,138% |
| Operating profit (loss) | 9901 | -€25,172 | €84,504 | +€109,675 | |
| Financial income | 75/76B | €15 | €17 | +€2 | +12.7% |
| Recurring financial income | 75 | €15 | €17 | +€2 | +12.7% |
| Financial charges | 65/66B | €7,810 | €7,063 | -€748 | -9.6% |
| Recurring financial charges | 65 | €7,810 | €7,063 | -€748 | -9.6% |
| Non-recurring financial charges | 66B | - | €7,063 | +€7,063 | |
| Profit (loss) for the period before taxes | 9903 | -€32,967 | €77,458 | +€110,425 | |
| Income taxes | 67/77 | - | €96 | +€96 | |
| Profit (loss) for the period | 9904 | -€32,967 | €77,362 | +€110,329 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,967 | €77,362 | +€110,329 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.