IMMOGE: 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.
IMMOGE
Largest movements
- Receivables within one year -€15,929
down €15,929 (-90.6%), from €17,575 to €1,646
of which Trade receivables: -€17,000
- Tangible fixed assets -€6,139
down €6,139 (-91.9%), from €6,679 to €540
- Cash -€5,988
down €5,988 (-11.5%), from €52,028 to €46,040
mainly Contributions, distributions and other (-€20,386) and Advances received (-€13,458)
- Advances received -€13,458
down €13,458 (-40.8%), from €32,958 to €19,500
- Other debts -€9,814
down €9,814 (-56.6%), from €17,348 to €7,533
- Current portion of long-term debt -€2,877
down €2,877 (-82.8%), from €3,473 to €596
- Tax, wage and social debts -€1,362
down €1,362 (-10.3%), from €13,223 to €11,861
- Gross operating margin -€5,475
down €5,475 (-13.0%), from €41,962 to €36,486
- Taxes -€1,379
down €1,379 (-13.4%), from €10,315 to €8,936
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 | €76,340 | €48,932 | -€27,408 | -35.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,679 | €540 | -€6,139 | -91.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,679 | €540 | -€6,139 | -91.9% |
| Furniture and vehicles | 24 | €6,679 | €540 | -€6,139 | -91.9% |
| Current assets | 29/58 | €69,661 | €48,392 | -€21,269 | -30.5% |
| Amounts receivable within one year | 40/41 | €17,575 | €1,646 | -€15,929 | -90.6% |
| Trade receivables | 40 | €17,095 | €95 | -€17,000 | -99.4% |
| Other amounts receivable | 41 | €480 | €1,551 | +€1,071 | +223% |
| Cash at bank and in hand | 54/58 | €52,028 | €46,040 | -€5,988 | -11.5% |
| Deferred charges and accrued income | 490/1 | €59 | €706 | +€648 | +1,106% |
| Total equity and liabilities | 10/49 | €76,340 | €48,932 | -€27,408 | -35.9% |
| Equity | 10/15 | €6,860 | €6,860 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 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% |
| Amounts payable | 17/49 | €69,480 | €42,072 | -€27,408 | -39.4% |
| Amounts payable after more than one year | 17 | €596 | - | -€596 | |
| Financial debts | 170/4 | €596 | - | -€596 | |
| Amounts payable within one year | 42/48 | €68,884 | €42,072 | -€26,812 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €3,473 | €596 | -€2,877 | -82.8% |
| Trade debts | 44 | €1,882 | €2,582 | +€700 | +37.2% |
| Suppliers | 440/4 | €1,882 | €2,582 | +€700 | +37.2% |
| Advances received on contracts in progress | 46 | €32,958 | €19,500 | -€13,458 | -40.8% |
| Taxes, remuneration and social security | 45 | €13,223 | €11,861 | -€1,362 | -10.3% |
| Taxes | 450/3 | €13,223 | €11,861 | -€1,362 | -10.3% |
| Other amounts payable | 47/48 | €17,348 | €7,533 | -€9,814 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,139 | €6,139 | = | 0.0% |
| Other operating charges | 640/8 | €562 | €722 | +€159 | +28.3% |
| Gross operating margin | 9900 | €41,962 | €36,486 | -€5,475 | -13.0% |
| Operating profit (loss) | 9901 | €35,260 | €29,626 | -€5,635 | -16.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €482 | €304 | -€177 | -36.8% |
| Recurring financial charges | 65 | €482 | €304 | -€177 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €34,779 | €29,322 | -€5,457 | -15.7% |
| Income taxes | 67/77 | €10,315 | €8,936 | -€1,379 | -13.4% |
| Profit (loss) for the period | 9904 | €24,464 | €20,386 | -€4,078 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,464 | €20,386 | -€4,078 | -16.7% |
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 29 October 2026 via checked.be.