IMMO ELAN: 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.
IMMO ELAN
Largest movements
- Tangible fixed assets +€489,323
up €489,323 (+10.9%), from €4.5m to €5.0m
of which Land and buildings: +€369,989
- Cash -€87,646
down €87,646 (-42.9%), from €204,503 to €116,857
mainly Investment in fixed assets (net) (-€614,026) and Deferred charges and accrued income (-€81,836)
- Deferred charges and accrued income +€81,836
up €81,836 (+1563.5%), from €5,234 to €87,070
- Contributions +€611,800
up €611,800 (+33.7%), from €1.8m to €2.4m
- Profit (loss) carried forward -€57,402
down €57,402 (-3.3%), from €1.7m to €1.7m
- Taxes -€14,758
down €14,758 (-83.3%), from €17,709 to €2,951
- Depreciation +€10,825
up €10,825 (+9.5%), from €113,878 to €124,703
- Gross operating margin -€9,168
down €9,168 (-4.0%), from €229,924 to €220,756
- Other operating charges +€7,210
up €7,210 (+19.4%), from €37,114 to €44,324
- Financial income -€2,519
no longer reported in 2025 (was €2,519)
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 | €4,935,451 | €5,431,012 | +€495,562 | +10.0% |
| Fixed assets | 21/28 | €4,478,333 | €4,967,657 | +€489,323 | +10.9% |
| Tangible fixed assets | 22/27 | €4,478,333 | €4,967,657 | +€489,323 | +10.9% |
| Land and buildings | 22 | €3,639,099 | €4,009,088 | +€369,989 | +10.2% |
| Assets under construction and advance payments | 27 | €839,235 | €958,569 | +€119,334 | +14.2% |
| Current assets | 29/58 | €457,117 | €463,355 | +€6,238 | +1.4% |
| Amounts receivable within one year | 40/41 | €247,380 | €259,429 | +€12,049 | +4.9% |
| Trade receivables | 40 | €245,520 | €245,520 | = | 0.0% |
| Other amounts receivable | 41 | €1,860 | €13,909 | +€12,049 | +647.8% |
| Cash at bank and in hand | 54/58 | €204,503 | €116,857 | -€87,646 | -42.9% |
| Deferred charges and accrued income | 490/1 | €5,234 | €87,070 | +€81,836 | +1563.5% |
| Total equity and liabilities | 10/49 | €4,935,451 | €5,431,012 | +€495,562 | +10.0% |
| Equity | 10/15 | €3,636,900 | €4,191,298 | +€554,398 | +15.2% |
| Contributions | 10/11 | €1,816,730 | €2,428,530 | +€611,800 | +33.7% |
| Capital | 10 | €1,816,730 | €2,428,530 | +€611,800 | +33.7% |
| Issued capital | 100 | €1,816,730 | €2,428,530 | +€611,800 | +33.7% |
| Reserves | 13 | €96,723 | €96,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €96,723 | €96,723 | = | 0.0% |
| Legal reserve | 130 | €96,723 | €96,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,723,447 | €1,666,045 | -€57,402 | -3.3% |
| Amounts payable | 17/49 | €1,298,550 | €1,239,714 | -€58,836 | -4.5% |
| Amounts payable within one year | 42/48 | €1,298,550 | €1,238,201 | -€60,349 | -4.6% |
| Trade debts | 44 | €20,882 | - | -€20,882 | |
| Suppliers | 440/4 | €20,882 | - | -€20,882 | |
| Taxes, remuneration and social security | 45 | €1,935 | - | -€1,935 | |
| Taxes | 450/3 | €1,935 | - | -€1,935 | |
| Other amounts payable | 47/48 | €1,275,733 | €1,238,201 | -€37,531 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €1,513 | +€1,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,878 | €124,703 | +€10,825 | +9.5% |
| Other operating charges | 640/8 | €37,114 | €44,324 | +€7,210 | +19.4% |
| Gross operating margin | 9900 | €229,924 | €220,756 | -€9,168 | -4.0% |
| Operating profit (loss) | 9901 | €78,932 | €51,729 | -€27,203 | -34.5% |
| Financial income | 75/76B | €2,519 | - | -€2,519 | |
| Recurring financial income | 75 | €2,519 | - | -€2,519 | |
| Financial charges | 65/66B | €337 | €290 | -€48 | -14.1% |
| Recurring financial charges | 65 | €337 | €290 | -€48 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €81,113 | €51,439 | -€29,674 | -36.6% |
| Income taxes | 67/77 | €17,709 | €2,951 | -€14,758 | -83.3% |
| Profit (loss) for the period | 9904 | €63,405 | €48,488 | -€14,917 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,405 | €48,488 | -€14,917 | -23.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.