IMMO INSULAE: 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 INSULAE
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+30.8%), from €4.5m to €5.9m
of which Land and buildings: +€1.4m
- Revaluation surpluses +€957,576
new in 2025: €957,576
- Debts after one year +€429,819
up €429,819 (+19.7%), from €2.2m to €2.6m
- Profit (loss) carried forward -€273,665
down €273,665 (-31.2%), from -€877,455 to -€1.2m
- Other debts +€215,250
up €215,250 (+7.3%), from €2.9m to €3.2m
- Depreciation +€37,890
up €37,890 (+14.2%), from €266,419 to €304,309
- Gross operating margin -€31,186
down €31,186 (-21.9%), from €142,534 to €111,348
- Other operating charges +€23,824
up €23,824 (+142.7%), from €16,694 to €40,518
- Financial charges +€13,399
up €13,399 (+50.0%), from €26,787 to €40,186
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 | €4,502,709 | €5,888,872 | +€1.4m | +30.8% |
| Fixed assets | 21/28 | €4,477,383 | €5,857,859 | +€1.4m | +30.8% |
| Tangible fixed assets | 22/27 | €4,477,383 | €5,857,859 | +€1.4m | +30.8% |
| Land and buildings | 22 | €4,474,657 | €5,857,859 | +€1.4m | +30.9% |
| Furniture and vehicles | 24 | €2,725 | €0 | -€2,725 | -100.0% |
| Current assets | 29/58 | €25,326 | €31,013 | +€5,687 | +22.5% |
| Amounts receivable within one year | 40/41 | €508 | €12,275 | +€11,768 | +2318.7% |
| Trade receivables | 40 | €508 | €780 | +€272 | +53.7% |
| Other amounts receivable | 41 | - | €11,495 | +€11,495 | |
| Cash at bank and in hand | 54/58 | €22,510 | €16,348 | -€6,162 | -27.4% |
| Deferred charges and accrued income | 490/1 | €2,309 | €2,390 | +€81 | +3.5% |
| Total equity and liabilities | 10/49 | €4,502,709 | €5,888,872 | +€1.4m | +30.8% |
| Equity | 10/15 | -€677,455 | €6,455 | +€683,910 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €957,576 | +€957,576 | |
| Profit (loss) carried forward | 14 | -€877,455 | -€1,151,120 | -€273,665 | -31.2% |
| Amounts payable | 17/49 | €5,180,164 | €5,882,417 | +€702,253 | +13.6% |
| Amounts payable after more than one year | 17 | €2,186,750 | €2,616,569 | +€429,819 | +19.7% |
| Financial debts | 170/4 | €2,186,750 | €2,616,569 | +€429,819 | +19.7% |
| Amounts payable within one year | 42/48 | €2,991,492 | €3,264,450 | +€272,958 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €29,554 | €69,449 | +€39,895 | +135.0% |
| Trade debts | 44 | €16,067 | €33,881 | +€17,814 | +110.9% |
| Suppliers | 440/4 | €16,067 | €33,881 | +€17,814 | +110.9% |
| Other amounts payable | 47/48 | €2,945,870 | €3,161,120 | +€215,250 | +7.3% |
| Accrued charges and deferred income | 492/3 | €1,923 | €1,398 | -€525 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,419 | €304,309 | +€37,890 | +14.2% |
| Other operating charges | 640/8 | €16,694 | €40,518 | +€23,824 | +142.7% |
| Gross operating margin | 9900 | €142,534 | €111,348 | -€31,186 | -21.9% |
| Operating profit (loss) | 9901 | -€140,579 | -€233,479 | -€92,900 | -66.1% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €26,787 | €40,186 | +€13,399 | +50.0% |
| Recurring financial charges | 65 | €26,787 | €40,186 | +€13,399 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€167,336 | -€273,665 | -€106,329 | -63.5% |
| Profit (loss) for the period | 9904 | -€167,336 | -€273,665 | -€106,329 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€167,336 | -€273,665 | -€106,329 | -63.5% |
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 9 October 2026 via checked.be.