IMMO L: 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 L
Largest movements
- Cash -€121,669
down €121,669 (-56.2%), from €216,555 to €94,887
mainly Other debts (-€84,685) and Receivables within one year (-€27,171)
- Receivables within one year +€27,171
up €27,171 (+33.9%), from €80,202 to €107,373
of which Other amounts receivable: +€28,292
- Tangible fixed assets -€17,120
down €17,120 (-12.2%), from €140,111 to €122,991
of which Furniture and vehicles: -€14,008
- Deferred charges and accrued income -€7,160
down €7,160 (-100.0%), from €7,160 to €0
- Other debts -€84,685
down €84,685 (-17.5%), from €484,446 to €399,760
- Profit (loss) carried forward -€14,036
down €14,036, from €12,094 to -€1,942
- Tax, wage and social debts -€12,026
down €12,026 (-93.5%), from €12,862 to €836
of which Remuneration and social security: -€12,066
- Current portion of long-term debt -€7,243
down €7,243 (-91.6%), from €7,907 to €664
- Other operating charges -€26,665
down €26,665 (-62.3%), from €42,803 to €16,138
- Taxes -€26,038
down €26,038 (-96.9%), from €26,875 to €836
- Gross operating margin +€18,254
up €18,254 (+1605.6%), from €1,137 to €19,391
- Staff costs -€2,463
down €2,463 (-100.0%), from €2,463 to €0
- Financial income +€782
up €782 (+20.4%), from €3,829 to €4,611
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 | €669,029 | €550,251 | -€118,778 | -17.8% |
| Fixed assets | 21/28 | €140,111 | €122,991 | -€17,120 | -12.2% |
| Tangible fixed assets | 22/27 | €140,111 | €122,991 | -€17,120 | -12.2% |
| Land and buildings | 22 | €118,205 | €113,497 | -€4,708 | -4.0% |
| Plant, machinery and equipment | 23 | €4,542 | €6,138 | +€1,596 | +35.1% |
| Furniture and vehicles | 24 | €17,364 | €3,355 | -€14,008 | -80.7% |
| Current assets | 29/58 | €528,918 | €427,260 | -€101,658 | -19.2% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,202 | €107,373 | +€27,171 | +33.9% |
| Trade receivables | 40 | €3,094 | €1,972 | -€1,122 | -36.3% |
| Other amounts receivable | 41 | €77,108 | €105,401 | +€28,292 | +36.7% |
| Cash at bank and in hand | 54/58 | €216,555 | €94,887 | -€121,669 | -56.2% |
| Deferred charges and accrued income | 490/1 | €7,160 | €0 | -€7,160 | -100.0% |
| Total equity and liabilities | 10/49 | €669,029 | €550,251 | -€118,778 | -17.8% |
| Equity | 10/15 | €151,516 | €137,480 | -€14,036 | -9.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €77,422 | €77,422 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €0 | -€6,200 | -100.0% |
| Other | 1319 | - | €6,200 | +€6,200 | |
| Tax-exempt reserves | 132 | €147 | €147 | = | 0.0% |
| Distributable reserves | 133 | €71,076 | €71,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,094 | -€1,942 | -€14,036 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €517,512 | €412,771 | -€104,742 | -20.2% |
| Amounts payable after more than one year | 17 | €664 | €0 | -€664 | -100.0% |
| Financial debts | 170/4 | €664 | €0 | -€664 | -100.0% |
| Amounts payable within one year | 42/48 | €516,848 | €410,674 | -€106,175 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €7,907 | €664 | -€7,243 | -91.6% |
| Trade debts | 44 | €11,633 | €9,413 | -€2,220 | -19.1% |
| Suppliers | 440/4 | €11,633 | €9,413 | -€2,220 | -19.1% |
| Taxes, remuneration and social security | 45 | €12,862 | €836 | -€12,026 | -93.5% |
| Taxes | 450/3 | €797 | €836 | +€40 | +5.0% |
| Remuneration and social security | 454/9 | €12,066 | €0 | -€12,066 | -100.0% |
| Other amounts payable | 47/48 | €484,446 | €399,760 | -€84,685 | -17.5% |
| Accrued charges and deferred income | 492/3 | - | €2,097 | +€2,097 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,463 | €0 | -€2,463 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,963 | €20,542 | -€421 | -2.0% |
| Other operating charges | 640/8 | €42,803 | €16,138 | -€26,665 | -62.3% |
| Gross operating margin | 9900 | €1,137 | €19,391 | +€18,254 | +1605.6% |
| Operating profit (loss) | 9901 | -€65,093 | -€17,289 | +€47,804 | +73.4% |
| Financial income | 75/76B | €3,829 | €4,611 | +€782 | +20.4% |
| Recurring financial income | 75 | €3,829 | €4,611 | +€782 | +20.4% |
| Financial charges | 65/66B | €524 | €522 | -€2 | -0.4% |
| Recurring financial charges | 65 | €524 | €522 | -€2 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€61,788 | -€13,200 | +€48,588 | +78.6% |
| Transfer from deferred taxes | 780 | €13,385 | €0 | -€13,385 | -100.0% |
| Income taxes | 67/77 | €26,875 | €836 | -€26,038 | -96.9% |
| Profit (loss) for the period | 9904 | -€75,278 | -€14,036 | +€61,241 | +81.4% |
| Transfer from tax-exempt reserves | 789 | €25,994 | €0 | -€25,994 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,283 | -€14,036 | +€35,247 | +71.5% |
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 9 October 2026 via checked.be.