Immilo: 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.
Immilo
Largest movements
- Tangible fixed assets +€242,447
up €242,447 (+45.5%), from €532,965 to €775,412
of which Assets under construction and advance payments: +€250,902
- Cash +€37,928
up €37,928 (+289.4%), from €13,108 to €51,036
mainly Debts after one year (+€213,820) and Trade debts (+€52,185)
- Receivables within one year +€8,929
new in 2025: €8,929
- Debts after one year +€213,820
up €213,820 (+78.0%), from €274,124 to €487,944
- Trade debts +€52,185
up €52,185 (+10035.6%), from €520 to €52,705
- Other debts +€15,307
up €15,307 (+6.8%), from €226,540 to €241,847
- Depreciation -€13,586
down €13,586 (-61.6%), from €22,040 to €8,454
- Gross operating margin -€13,226
down €13,226 (-53.0%), from €24,947 to €11,721
- Financial charges -€3,337
down €3,337 (-65.7%), from €5,077 to €1,740
- Other operating charges +€577
up €577 (+70.5%), from €818 to €1,395
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 | €546,636 | €836,203 | +€289,567 | +53.0% |
| Fixed assets | 21/28 | €532,965 | €775,412 | +€242,447 | +45.5% |
| Tangible fixed assets | 22/27 | €532,965 | €775,412 | +€242,447 | +45.5% |
| Land and buildings | 22 | €532,965 | €524,510 | -€8,455 | -1.6% |
| Assets under construction and advance payments | 27 | - | €250,902 | +€250,902 | |
| Current assets | 29/58 | €13,671 | €60,791 | +€47,120 | +344.7% |
| Amounts receivable within one year | 40/41 | - | €8,929 | +€8,929 | |
| Trade receivables | 40 | - | €8,929 | +€8,929 | |
| Cash at bank and in hand | 54/58 | €13,108 | €51,036 | +€37,928 | +289.4% |
| Deferred charges and accrued income | 490/1 | €563 | €826 | +€263 | +46.7% |
| Total equity and liabilities | 10/49 | €546,636 | €836,203 | +€289,567 | +53.0% |
| Equity | 10/15 | €21,615 | €21,715 | +€100 | +0.5% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,385 | -€2,285 | +€100 | +4.2% |
| Amounts payable | 17/49 | €525,021 | €814,488 | +€289,467 | +55.1% |
| Amounts payable after more than one year | 17 | €274,124 | €487,944 | +€213,820 | +78.0% |
| Financial debts | 170/4 | €274,124 | €487,944 | +€213,820 | +78.0% |
| Amounts payable within one year | 42/48 | €250,897 | €326,544 | +€75,647 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €23,765 | €31,960 | +€8,195 | +34.5% |
| Trade debts | 44 | €520 | €52,705 | +€52,185 | +10035.6% |
| Suppliers | 440/4 | €520 | €52,705 | +€52,185 | +10035.6% |
| Taxes, remuneration and social security | 45 | €72 | €32 | -€40 | -55.6% |
| Taxes | 450/3 | €72 | €32 | -€40 | -55.6% |
| Other amounts payable | 47/48 | €226,540 | €241,847 | +€15,307 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,040 | €8,454 | -€13,586 | -61.6% |
| Other operating charges | 640/8 | €818 | €1,395 | +€577 | +70.5% |
| Gross operating margin | 9900 | €24,947 | €11,721 | -€13,226 | -53.0% |
| Operating profit (loss) | 9901 | €2,089 | €1,872 | -€217 | -10.4% |
| Financial charges | 65/66B | €5,077 | €1,740 | -€3,337 | -65.7% |
| Recurring financial charges | 65 | €5,077 | €1,740 | -€3,337 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,988 | €132 | +€3,120 | |
| Income taxes | 67/77 | - | €32 | +€32 | |
| Profit (loss) for the period | 9904 | -€2,988 | €100 | +€3,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,988 | €100 | +€3,088 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.