IMMALL: 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.
IMMALL
Largest movements
- Tangible fixed assets -€148,195
down €148,195 (-25.2%), from €588,865 to €440,670
of which Land and buildings: -€147,515
- Cash +€9,835
up €9,835 (+9362.6%), from €105 to €9,940
mainly Investment in fixed assets (net) (+€126,405) and Depreciation (+€21,790)
- Debts after one year -€129,608
down €129,608 (-26.1%), from €497,500 to €367,892
- Profit (loss) carried forward -€16,164
down €16,164 (-83.8%), from -€19,291 to -€35,455
- Other debts +€7,721
up €7,721 (+79.3%), from €9,733 to €17,454
- Depreciation +€21,790
new in 2025: €21,790
- Gross operating margin +€7,138
up €7,138 (+39.8%), from €17,951 to €25,089
- Other operating charges +€6,238
up €6,238 (+136.1%), from €4,583 to €10,821
- Financial charges +€747
up €747 (+9.7%), from €7,698 to €8,445
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
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 | €589,056 | €451,534 | -€137,521 | -23.3% |
| Fixed assets | 21/28 | €588,865 | €440,670 | -€148,195 | -25.2% |
| Tangible fixed assets | 22/27 | €588,865 | €440,670 | -€148,195 | -25.2% |
| Land and buildings | 22 | €586,754 | €439,239 | -€147,515 | -25.1% |
| Furniture and vehicles | 24 | €1,361 | €680 | -€680 | -50.0% |
| Other tangible fixed assets | 26 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €191 | €10,865 | +€10,674 | +5591.2% |
| Amounts receivable within one year | 40/41 | €39 | €106 | +€67 | +173.3% |
| Other amounts receivable | 41 | €39 | €106 | +€67 | +173.3% |
| Cash at bank and in hand | 54/58 | €105 | €9,940 | +€9,835 | +9362.6% |
| Deferred charges and accrued income | 490/1 | €47 | €818 | +€771 | +1638.5% |
| Total equity and liabilities | 10/49 | €589,056 | €451,534 | -€137,521 | -23.3% |
| Equity | 10/15 | €60,487 | €44,323 | -€16,164 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,178 | €61,178 | = | 0.0% |
| Distributable reserves | 133 | €61,178 | €61,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,291 | -€35,455 | -€16,164 | -83.8% |
| Amounts payable | 17/49 | €528,569 | €407,211 | -€121,357 | -23.0% |
| Amounts payable after more than one year | 17 | €497,500 | €367,892 | -€129,608 | -26.1% |
| Financial debts | 170/4 | €497,500 | €367,892 | -€129,608 | -26.1% |
| Amounts payable within one year | 42/48 | €27,000 | €34,895 | +€7,895 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €600 | €774 | +€174 | +29.0% |
| Suppliers | 440/4 | €600 | €774 | +€174 | +29.0% |
| Other amounts payable | 47/48 | €9,733 | €17,454 | +€7,721 | +79.3% |
| Accrued charges and deferred income | 492/3 | €4,068 | €4,425 | +€356 | +8.8% |
| Non-recurring operating income | 76A | - | €44,054 | +€44,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,790 | +€21,790 | |
| Other operating charges | 640/8 | €4,583 | €10,821 | +€6,238 | +136.1% |
| Gross operating margin | 9900 | €17,951 | €25,089 | +€7,138 | +39.8% |
| Operating profit (loss) | 9901 | €13,369 | -€7,522 | -€20,890 | |
| Financial income | 75/76B | €136 | €9 | -€127 | -93.4% |
| Recurring financial income | 75 | €136 | €9 | -€127 | -93.4% |
| Financial charges | 65/66B | €7,698 | €8,445 | +€747 | +9.7% |
| Recurring financial charges | 65 | €7,698 | €8,445 | +€747 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €5,806 | -€15,958 | -€21,764 | |
| Income taxes | 67/77 | - | €207 | +€207 | |
| Profit (loss) for the period | 9904 | €5,806 | -€16,164 | -€21,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,806 | -€16,164 | -€21,971 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.