IMMER: what changed
What changed
IMMER
filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · -€82,306+€2.0m
Equity
€3.2m
2024 · €1.3m+€1.9m
Cash
€64,302
2024 · €4,875+€59,427
Balance sheet total
€4.0m
2024 · €2.7m+€1.3m
Largest movements
Assets
- Current investments +€2.7m
new in 2025: €2.7m
- Tangible fixed assets -€1.4m
down €1.4m (-58.4%), from €2.5m to €1.0m
of which Land and buildings: -€1.4m
- Cash +€59,427
up €59,427 (+1,219%), from €4,875 to €64,302
mainly Net result for the year (+€1.9m) and Investment in fixed assets (net) (+€1.4m)
Equity and liabilities
- Profit (loss) carried forward +€2.3m
up €2.3m (+307%), from €753,509 to €3.1m
- Other debts -€480,655
down €480,655 (-70.1%), from €686,052 to €205,397
- Reserves -€384,279
down €384,279 (-71.8%), from €535,301 to €151,022
of which Tax-exempt reserves: -€384,279
- Provisions -€197,327
down €197,327 (-88.3%), from €223,397 to €26,069
- Tax, wage and social debts +€145,219
new in 2025: €145,219
Income statement
- Gross operating margin +€2.5m
up €2.5m (+2,177%), from €114,023 to €2.6m
- Taxes +€796,167
new in 2025: €796,167
- Depreciation -€155,472
down €155,472 (-75.7%), from €205,425 to €49,953
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
-€82,306
Gross operating margin
+€2.5m
Depreciation
+€155,472
Other operating charges
-€430
Financial income
+€490
Financial charges
+€1,379
Taxes
-€796,167
Deferred taxes and other
+€112,216
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.4m
Investment
-€1.3m
Financing
+€2,384
Cash 2024
€4,875
From operations (derived)
+€1.4m
Net result for the year
+€1.9m
Depreciation
+€49,953
Smaller working-capital items
-€2,832
Provisions
-€197,327
Trade debts
-€19,660
Tax, wage and social debts
+€145,219
Other debts
-€480,655
Investment (derived)
-€1.3m
Investment in fixed assets (net)
+€1.4m
Current investments
-€2.7m
Financing
+€2,384
Debts after one year
-€50,351
Current portion of long-term debt
+€810
Contributions, distributions and other
+€51,926
Cash 2025
€64,302
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,682,443 | €4,005,726 | +€1.3m | +49.3% |
| Fixed assets | 21/28 | €2,462,311 | €1,023,336 | -€1.4m | -58.4% |
| Tangible fixed assets | 22/27 | €2,462,311 | €1,023,336 | -€1.4m | -58.4% |
| Land and buildings | 22 | €2,454,667 | €1,023,336 | -€1.4m | -58.3% |
| Plant, machinery and equipment | 23 | €292 | - | -€292 | |
| Furniture and vehicles | 24 | €7,352 | - | -€7,352 | |
| Current assets | 29/58 | €220,131 | €2,982,391 | +€2.8m | +1,255% |
| Amounts receivable after more than one year | 29 | €204,098 | €204,098 | = | 0.0% |
| Other amounts receivable | 291 | €204,098 | €204,098 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,725 | €1,745 | +€20 | +1.2% |
| Trade receivables | 40 | €725 | €725 | = | 0.0% |
| Other amounts receivable | 41 | €1,000 | €1,020 | +€20 | +2.0% |
| Current investments | 50/53 | - | €2,700,000 | +€2.7m | |
| Cash at bank and in hand | 54/58 | €4,875 | €64,302 | +€59,427 | +1,219% |
| Deferred charges and accrued income | 490/1 | €9,433 | €12,246 | +€2,812 | +29.8% |
| Total equity and liabilities | 10/49 | €2,682,443 | €4,005,726 | +€1.3m | +49.3% |
| Equity | 10/15 | €1,307,410 | €3,232,658 | +€1.9m | +147% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €535,301 | €151,022 | -€384,279 | -71.8% |
| Tax-exempt reserves | 132 | €483,441 | €99,162 | -€384,279 | -79.5% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €753,509 | €3,063,036 | +€2.3m | +307% |
| Provisions and deferred taxes | 16 | €223,397 | €26,069 | -€197,327 | -88.3% |
| Deferred taxes | 168 | €223,397 | €26,069 | -€197,327 | -88.3% |
| Amounts payable | 17/49 | €1,151,636 | €746,999 | -€404,638 | -35.1% |
| Amounts payable after more than one year | 17 | €393,610 | €343,258 | -€50,351 | -12.8% |
| Financial debts | 170/4 | €393,610 | €343,258 | -€50,351 | -12.8% |
| Amounts payable within one year | 42/48 | €758,027 | €403,740 | -€354,286 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €51,192 | €52,001 | +€810 | +1.6% |
| Trade debts | 44 | €20,783 | €1,123 | -€19,660 | -94.6% |
| Suppliers | 440/4 | €20,783 | €1,123 | -€19,660 | -94.6% |
| Taxes, remuneration and social security | 45 | - | €145,219 | +€145,219 | |
| Taxes | 450/3 | - | €145,219 | +€145,219 | |
| Other amounts payable | 47/48 | €686,052 | €205,397 | -€480,655 | -70.1% |
| Non-recurring operating income | 76A | - | €2,550,097 | +€2.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,425 | €49,953 | -€155,472 | -75.7% |
| Other operating charges | 640/8 | €13,341 | €13,770 | +€430 | +3.2% |
| Gross operating margin | 9900 | €114,023 | €2,596,693 | +€2.5m | +2,177% |
| Operating profit (loss) | 9901 | -€104,743 | €2,532,969 | +€2.6m | |
| Financial income | 75/76B | €4,082 | €4,572 | +€490 | +12.0% |
| Recurring financial income | 75 | €4,082 | €4,572 | +€490 | +12.0% |
| Financial charges | 65/66B | €14,831 | €13,452 | -€1,379 | -9.3% |
| Recurring financial charges | 65 | €14,831 | €13,452 | -€1,379 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€115,491 | €2,524,089 | +€2.6m | |
| Transfer from deferred taxes | 780 | €33,186 | €145,402 | +€112,216 | +338% |
| Income taxes | 67/77 | - | €796,167 | +€796,167 | |
| Profit (loss) for the period | 9904 | -€82,306 | €1,873,323 | +€2.0m | |
| Transfer from tax-exempt reserves | 789 | €65,509 | €436,205 | +€370,696 | +566% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,797 | €2,309,527 | +€2.3m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.