IMMO ELLE: 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.
IMMO ELLE
Largest movements
- Tangible fixed assets -€5,040
down €5,040 (-2.7%), from €187,690 to €182,649
- Cash +€4,801
up €4,801 (+93.0%), from €5,162 to €9,962
mainly Net result for the year (+€15,729) and Tax, wage and social debts (+€8,069)
- Receivables within one year +€4,000
up €4,000 (+40.0%), from €10,000 to €14,000
- Other debts -€15,772
down €15,772 (-38.6%), from €40,878 to €25,106
- Reserves +€15,729
up €15,729 (+41.1%), from €38,242 to €53,971
of which Distributable reserves: +€15,729
- Debts after one year -€9,634
down €9,634 (-9.1%), from €106,143 to €96,509
- Tax, wage and social debts +€8,069
up €8,069 (+187.0%), from €4,314 to €12,383
- Trade debts +€4,477
up €4,477 (+1138.6%), from €393 to €4,870
- Taxes +€3,754
up €3,754 (+87.0%), from €4,314 to €8,069
- Gross operating margin -€1,758
down €1,758 (-5.3%), from €33,384 to €31,627
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 | €204,179 | €207,939 | +€3,760 | +1.8% |
| Fixed assets | 21/28 | €187,690 | €182,649 | -€5,040 | -2.7% |
| Tangible fixed assets | 22/27 | €187,690 | €182,649 | -€5,040 | -2.7% |
| Land and buildings | 22 | €187,690 | €182,649 | -€5,040 | -2.7% |
| Current assets | 29/58 | €16,489 | €25,290 | +€8,801 | +53.4% |
| Amounts receivable within one year | 40/41 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Trade receivables | 40 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €5,162 | €9,962 | +€4,801 | +93.0% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,328 | = | 0.0% |
| Total equity and liabilities | 10/49 | €204,179 | €207,939 | +€3,760 | +1.8% |
| Equity | 10/15 | €44,442 | €60,171 | +€15,729 | +35.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,242 | €53,971 | +€15,729 | +41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,382 | €52,111 | +€15,729 | +43.2% |
| Amounts payable | 17/49 | €159,736 | €147,768 | -€11,969 | -7.5% |
| Amounts payable after more than one year | 17 | €106,143 | €96,509 | -€9,634 | -9.1% |
| Financial debts | 170/4 | €106,143 | €96,509 | -€9,634 | -9.1% |
| Amounts payable within one year | 42/48 | €53,593 | €51,259 | -€2,335 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €8,008 | €8,899 | +€892 | +11.1% |
| Trade debts | 44 | €393 | €4,870 | +€4,477 | +1138.6% |
| Suppliers | 440/4 | €393 | €4,870 | +€4,477 | +1138.6% |
| Taxes, remuneration and social security | 45 | €4,314 | €12,383 | +€8,069 | +187.0% |
| Taxes | 450/3 | €4,314 | €12,383 | +€8,069 | +187.0% |
| Other amounts payable | 47/48 | €40,878 | €25,106 | -€15,772 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,040 | €5,040 | = | 0.0% |
| Other operating charges | 640/8 | €393 | €411 | +€18 | +4.6% |
| Gross operating margin | 9900 | €33,384 | €31,627 | -€1,758 | -5.3% |
| Operating profit (loss) | 9901 | €27,951 | €26,175 | -€1,776 | -6.4% |
| Financial charges | 65/66B | €2,483 | €2,377 | -€106 | -4.3% |
| Recurring financial charges | 65 | €2,483 | €2,377 | -€106 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €25,468 | €23,798 | -€1,670 | -6.6% |
| Income taxes | 67/77 | €4,314 | €8,069 | +€3,754 | +87.0% |
| Profit (loss) for the period | 9904 | €21,153 | €15,729 | -€5,424 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,153 | €15,729 | -€5,424 | -25.6% |
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 10 October 2026 via checked.be.