Immo ELV: 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 ELV
Largest movements
- Deferred charges and accrued income -€20,085
down €20,085 (-12.6%), from €159,648 to €139,563
- Tangible fixed assets -€14,367
down €14,367 (-18.5%), from €77,610 to €63,243
of which Leasing and similar rights: -€8,465
- Stocks and contracts +€9,115
up €9,115 (+2.7%), from €338,885 to €347,999
- Accrued charges and deferred income +€82,006
up €82,006 (+35.5%), from €231,040 to €313,046
- Profit (loss) carried forward -€45,913
down €45,913 (-985%), from -€4,661 to -€50,575
- Debts after one year -€19,830
down €19,830 (-85.5%), from €23,193 to €3,362
- Trade debts -€17,262
down €17,262 (-13.5%), from €127,827 to €110,564
- Current portion of long-term debt -€12,955
down €12,955 (-39.5%), from €32,785 to €19,830
- Gross operating margin -€72,739
down €72,739 (-43.1%), from €168,628 to €95,890
- Staff costs -€22,309
down €22,309 (-21.0%), from €106,341 to €84,032
- Financial charges +€16,297
up €16,297 (+220%), from €7,413 to €23,710
- Depreciation -€4,625
down €4,625 (-23.9%), from €19,316 to €14,691
- Financial income -€3,848
down €3,848 (-61.0%), from €6,306 to €2,458
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.
Derived cash bridge
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 | €728,575 | €703,924 | -€24,651 | -3.4% |
| Fixed assets | 21/28 | €83,610 | €69,243 | -€14,367 | -17.2% |
| Tangible fixed assets | 22/27 | €77,610 | €63,243 | -€14,367 | -18.5% |
| Land and buildings | 22 | €60,659 | €57,564 | -€3,095 | -5.1% |
| Plant, machinery and equipment | 23 | €5,714 | €3,553 | -€2,161 | -37.8% |
| Furniture and vehicles | 24 | €2,687 | €2,041 | -€647 | -24.1% |
| Leasing and similar rights | 25 | €8,550 | €85 | -€8,465 | -99.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €644,965 | €634,682 | -€10,283 | -1.6% |
| Stocks and contracts in progress | 3 | €338,885 | €347,999 | +€9,115 | +2.7% |
| Stocks | 30/36 | €338,885 | €347,999 | +€9,115 | +2.7% |
| Amounts receivable within one year | 40/41 | €144,217 | €139,536 | -€4,681 | -3.2% |
| Trade receivables | 40 | €144,217 | €139,536 | -€4,681 | -3.2% |
| Cash at bank and in hand | 54/58 | €2,216 | €7,583 | +€5,368 | +242% |
| Deferred charges and accrued income | 490/1 | €159,648 | €139,563 | -€20,085 | -12.6% |
| Total equity and liabilities | 10/49 | €728,575 | €703,924 | -€24,651 | -3.4% |
| Equity | 10/15 | €177,280 | €131,367 | -€45,913 | -25.9% |
| Contributions | 10/11 | €134,500 | €134,500 | = | 0.0% |
| Reserves | 13 | €47,442 | €47,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,642 | €0 | -€11,642 | -100% |
| Reserves not available under the articles | 1311 | €11,642 | €0 | -€11,642 | -100% |
| Distributable reserves | 133 | €35,799 | €47,442 | +€11,642 | +32.5% |
| Profit (loss) carried forward | 14 | -€4,661 | -€50,575 | -€45,913 | -985% |
| Amounts payable | 17/49 | €551,294 | €572,557 | +€21,263 | +3.9% |
| Amounts payable after more than one year | 17 | €23,193 | €3,362 | -€19,830 | -85.5% |
| Financial debts | 170/4 | €23,193 | €3,362 | -€19,830 | -85.5% |
| Amounts payable within one year | 42/48 | €297,062 | €256,149 | -€40,913 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €32,785 | €19,830 | -€12,955 | -39.5% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €127,827 | €110,564 | -€17,262 | -13.5% |
| Suppliers | 440/4 | €127,827 | €110,564 | -€17,262 | -13.5% |
| Taxes, remuneration and social security | 45 | €31,371 | €21,404 | -€9,967 | -31.8% |
| Taxes | 450/3 | €13,835 | €3,938 | -€9,897 | -71.5% |
| Remuneration and social security | 454/9 | €17,536 | €17,466 | -€70 | -0.4% |
| Other amounts payable | 47/48 | €55,079 | €54,351 | -€729 | -1.3% |
| Accrued charges and deferred income | 492/3 | €231,040 | €313,046 | +€82,006 | +35.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €106,341 | €84,032 | -€22,309 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,316 | €14,691 | -€4,625 | -23.9% |
| Other operating charges | 640/8 | €6,997 | €6,400 | -€597 | -8.5% |
| Non-recurring operating charges | 66A | - | €15,429 | +€15,429 | |
| Gross operating margin | 9900 | €168,628 | €95,890 | -€72,739 | -43.1% |
| Operating profit (loss) | 9901 | €35,974 | -€24,662 | -€60,636 | |
| Financial income | 75/76B | €6,306 | €2,458 | -€3,848 | -61.0% |
| Recurring financial income | 75 | €6,306 | €2,458 | -€3,848 | -61.0% |
| Financial charges | 65/66B | €7,413 | €23,710 | +€16,297 | +220% |
| Recurring financial charges | 65 | €7,413 | €23,710 | +€16,297 | +220% |
| Profit (loss) for the period before taxes | 9903 | €34,868 | -€45,913 | -€80,781 | |
| Income taxes | 67/77 | €3,495 | €0 | -€3,495 | -100% |
| Profit (loss) for the period | 9904 | €31,373 | -€45,913 | -€77,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,373 | -€45,913 | -€77,286 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.