IMMO-ELLI: 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-ELLI
Largest movements
- Deferred charges and accrued income -€22,481
no longer reported in 2025 (was €22,481)
- Tangible fixed assets -€17,000
down €17,000 (-6.3%), from €270,108 to €253,108
- Cash +€9,229
up €9,229 (+100.5%), from €9,185 to €18,414
mainly Deferred charges and accrued income (+€22,481) and Depreciation (+€17,000)
- Other debts -€42,465
down €42,465 (-77.1%), from €55,077 to €12,612
- Reserves +€6,843
up €6,843 (+68.1%), from €10,046 to €16,890
of which Distributable reserves: +€6,843
- Gross operating margin -€3,225
down €3,225 (-9.8%), from €32,890 to €29,665
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 | €301,774 | €271,522 | -€30,252 | -10.0% |
| Fixed assets | 21/28 | €270,108 | €253,108 | -€17,000 | -6.3% |
| Tangible fixed assets | 22/27 | €270,108 | €253,108 | -€17,000 | -6.3% |
| Land and buildings | 22 | €270,108 | €253,108 | -€17,000 | -6.3% |
| Current assets | 29/58 | €31,666 | €18,414 | -€13,252 | -41.8% |
| Cash at bank and in hand | 54/58 | €9,185 | €18,414 | +€9,229 | +100.5% |
| Deferred charges and accrued income | 490/1 | €22,481 | - | -€22,481 | |
| Total equity and liabilities | 10/49 | €301,774 | €271,522 | -€30,252 | -10.0% |
| Equity | 10/15 | €17,466 | €24,310 | +€6,843 | +39.2% |
| Contributions | 10/11 | €7,420 | €7,420 | = | 0.0% |
| Reserves | 13 | €10,046 | €16,890 | +€6,843 | +68.1% |
| Non-distributable reserves | 130/1 | €742 | €742 | = | 0.0% |
| Reserves not available under the articles | 1311 | €742 | €742 | = | 0.0% |
| Distributable reserves | 133 | €9,304 | €16,148 | +€6,843 | +73.6% |
| Amounts payable | 17/49 | €284,308 | €247,213 | -€37,095 | -13.0% |
| Amounts payable after more than one year | 17 | €225,000 | €225,000 | = | 0.0% |
| Other amounts payable | 178/9 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,308 | €22,213 | -€37,095 | -62.5% |
| Trade debts | 44 | €1,531 | €4,409 | +€2,879 | +188.1% |
| Suppliers | 440/4 | €1,531 | €4,409 | +€2,879 | +188.1% |
| Taxes, remuneration and social security | 45 | €2,700 | €5,191 | +€2,491 | +92.3% |
| Taxes | 450/3 | €2,700 | €5,191 | +€2,491 | +92.3% |
| Other amounts payable | 47/48 | €55,077 | €12,612 | -€42,465 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,000 | €17,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,414 | €3,209 | -€205 | -6.0% |
| Gross operating margin | 9900 | €32,890 | €29,665 | -€3,225 | -9.8% |
| Operating profit (loss) | 9901 | €12,476 | €9,456 | -€3,020 | -24.2% |
| Financial charges | 65/66B | €113 | €121 | +€9 | +7.8% |
| Recurring financial charges | 65 | €113 | €121 | +€9 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €12,364 | €9,335 | -€3,029 | -24.5% |
| Income taxes | 67/77 | €2,700 | €2,491 | -€209 | -7.7% |
| Profit (loss) for the period | 9904 | €9,664 | €6,843 | -€2,820 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,664 | €6,843 | -€2,820 | -29.2% |
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 3 October 2026 via checked.be.