IMMOVANDA: 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.
IMMOVANDA
Largest movements
- Current investments +€400,000
up €400,000 (+42.1%), from €950,000 to €1.4m
- Cash -€44,961
down €44,961 (-23.2%), from €194,198 to €149,237
mainly Current investments (-€400,000) and Tax, wage and social debts (-€30,108)
- Tangible fixed assets -€23,888
down €23,888 (-6.8%), from €353,601 to €329,713
of which Other tangible fixed assets: -€12,335
- Reserves +€378,036
up €378,036 (+26.5%), from €1.4m to €1.8m
of which Distributable reserves: +€378,036
- Tax, wage and social debts -€30,108
down €30,108 (-63.6%), from €47,347 to €17,239
- Gross operating margin +€44,929
up €44,929 (+9.6%), from €465,668 to €510,596
- Other operating charges +€9,901
up €9,901 (+77.2%), from €12,827 to €22,728
- Taxes +€9,019
up €9,019 (+7.6%), from €118,924 to €127,943
- Financial income +€5,658
up €5,658 (+15.5%), from €36,422 to €42,080
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 | €1,508,197 | €1,855,726 | +€347,530 | +23.0% |
| Fixed assets | 21/28 | €353,601 | €329,713 | -€23,888 | -6.8% |
| Tangible fixed assets | 22/27 | €353,601 | €329,713 | -€23,888 | -6.8% |
| Land and buildings | 22 | €303,818 | €292,264 | -€11,554 | -3.8% |
| Other tangible fixed assets | 26 | €49,783 | €37,449 | -€12,335 | -24.8% |
| Current assets | 29/58 | €1,154,596 | €1,526,014 | +€371,418 | +32.2% |
| Amounts receivable within one year | 40/41 | €784 | €0 | -€784 | -100% |
| Other amounts receivable | 41 | €784 | €0 | -€784 | -100% |
| Current investments | 50/53 | €950,000 | €1,350,000 | +€400,000 | +42.1% |
| Cash at bank and in hand | 54/58 | €194,198 | €149,237 | -€44,961 | -23.2% |
| Deferred charges and accrued income | 490/1 | €9,614 | €26,777 | +€17,163 | +179% |
| Total equity and liabilities | 10/49 | €1,508,197 | €1,855,726 | +€347,530 | +23.0% |
| Equity | 10/15 | €1,454,907 | €1,832,943 | +€378,036 | +26.0% |
| Contributions | 10/11 | €26,353 | €26,353 | = | 0.0% |
| Reserves | 13 | €1,428,553 | €1,806,589 | +€378,036 | +26.5% |
| Non-distributable reserves | 130/1 | €3,361 | €3,361 | = | 0.0% |
| Other | 1319 | €3,361 | €3,361 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,506 | €36,506 | = | 0.0% |
| Distributable reserves | 133 | €1,388,687 | €1,766,722 | +€378,036 | +27.2% |
| Amounts payable | 17/49 | €53,290 | €22,784 | -€30,506 | -57.2% |
| Amounts payable within one year | 42/48 | €53,290 | €22,784 | -€30,506 | -57.2% |
| Trade debts | 44 | €1,778 | €0 | -€1,778 | -100% |
| Suppliers | 440/4 | €1,778 | €0 | -€1,778 | -100% |
| Taxes, remuneration and social security | 45 | €47,347 | €17,239 | -€30,108 | -63.6% |
| Taxes | 450/3 | €47,347 | €17,239 | -€30,108 | -63.6% |
| Other amounts payable | 47/48 | €4,165 | €5,545 | +€1,380 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,888 | €23,888 | = | 0.0% |
| Other operating charges | 640/8 | €12,827 | €22,728 | +€9,901 | +77.2% |
| Gross operating margin | 9900 | €465,668 | €510,596 | +€44,929 | +9.6% |
| Operating profit (loss) | 9901 | €428,952 | €463,980 | +€35,028 | +8.2% |
| Financial income | 75/76B | €36,422 | €42,080 | +€5,658 | +15.5% |
| Recurring financial income | 75 | €36,422 | €42,080 | +€5,658 | +15.5% |
| Financial charges | 65/66B | €39 | €81 | +€42 | +107% |
| Recurring financial charges | 65 | €39 | €81 | +€42 | +107% |
| Profit (loss) for the period before taxes | 9903 | €465,335 | €505,979 | +€40,644 | +8.7% |
| Income taxes | 67/77 | €118,924 | €127,943 | +€9,019 | +7.6% |
| Profit (loss) for the period | 9904 | €346,411 | €378,036 | +€31,625 | +9.1% |
| Transfer from tax-exempt reserves | 789 | €4,966 | €0 | -€4,966 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €351,377 | €378,036 | +€26,659 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.