IMMO-L: 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-L
Largest movements
- Receivables within one year -€16,773
no longer reported in 2025 (was €16,773)
- Profit (loss) carried forward -€21,556
down €21,556 (-7.6%), from -€284,544 to -€306,100
- Other debts +€10,649
up €10,649 (+9.4%), from €113,746 to €124,395
- Current portion of long-term debt -€6,134
down €6,134 (-10.5%), from €58,561 to €52,427
- Short-term financial debts -€890
down €890 (-55.3%), from €1,610 to €720
- Trade debts +€759
up €759 (+11.8%), from €6,435 to €7,194
- Write-downs +€16,773
new in 2025: €16,773
- Financial charges -€1,043
down €1,043 (-22.7%), from €4,602 to €3,559
- Gross operating margin +€572
up €572 (+43.0%), from -€1,331 to -€759
- Other operating charges -€51
down €51 (-9.9%), from €516 to €465
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,773 | - | -€16,773 | |
| Current assets | 29/58 | €16,773 | - | -€16,773 | |
| Amounts receivable within one year | 40/41 | €16,773 | - | -€16,773 | |
| Other amounts receivable | 41 | €16,773 | - | -€16,773 | |
| Total equity and liabilities | 10/49 | €16,773 | - | -€16,773 | |
| Equity | 10/15 | -€163,644 | -€185,200 | -€21,556 | -13.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €101,900 | €101,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,544 | -€306,100 | -€21,556 | -7.6% |
| Amounts payable | 17/49 | €180,417 | €185,200 | +€4,783 | +2.7% |
| Amounts payable within one year | 42/48 | €180,352 | €184,735 | +€4,384 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €58,561 | €52,427 | -€6,134 | -10.5% |
| Financial debts | 43 | €1,610 | €720 | -€890 | -55.3% |
| Credit institutions | 430/8 | €1,610 | €720 | -€890 | -55.3% |
| Trade debts | 44 | €6,435 | €7,194 | +€759 | +11.8% |
| Suppliers | 440/4 | €6,435 | €7,194 | +€759 | +11.8% |
| Other amounts payable | 47/48 | €113,746 | €124,395 | +€10,649 | +9.4% |
| Accrued charges and deferred income | 492/3 | €65 | €465 | +€400 | +612.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,773 | +€16,773 | |
| Other operating charges | 640/8 | €516 | €465 | -€51 | -9.9% |
| Gross operating margin | 9900 | -€1,331 | -€759 | +€572 | +43.0% |
| Operating profit (loss) | 9901 | -€1,847 | -€17,998 | -€16,150 | -874.2% |
| Financial charges | 65/66B | €4,602 | €3,559 | -€1,043 | -22.7% |
| Recurring financial charges | 65 | €4,602 | €3,559 | -€1,043 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,449 | -€21,556 | -€15,107 | -234.2% |
| Profit (loss) for the period | 9904 | -€6,449 | -€21,556 | -€15,107 | -234.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,449 | -€21,556 | -€15,107 | -234.2% |
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.