IMMO-LEYS: 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.
What changed
IMMO-LEYS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€85,980
2024 · €132,116-€46,136
Equity
€2.8m
2024 · €2.7m+€85,980
Cash
€515,247
2024 · €482,395+€32,852
Balance sheet total
€2.9m
2024 · €2.9m+€11,197
Largest movements
Assets
- Cash +€32,852
up €32,852 (+6.8%), from €482,395 to €515,247
mainly Depreciation (+€194,503) and Net result for the year (+€85,980)
Equity and liabilities
- Profit (loss) carried forward +€93,953
up €93,953 (+75.9%), from €123,836 to €217,788
- Tax, wage and social debts -€67,294
down €67,294 (-96.2%), from €69,951 to €2,657
Income statement
- Depreciation +€44,230
up €44,230 (+29.4%), from €150,274 to €194,503
- Taxes -€23,594
down €23,594 (-42.6%), from €55,417 to €31,823
- Gross operating margin -€23,113
down €23,113 (-6.1%), from €379,784 to €356,670
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.
Result 2024
€132,116
Gross operating margin
-€23,113
Depreciation
-€44,230
Other operating charges
-€1,469
Financial income
-€1,124
Financial charges
+€594
Taxes
+€23,594
Deferred taxes and other
-€388
Result 2025
€85,980
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.
From operations
+€208,110
Investment
-€175,258
Financing
€0
Cash 2024
€482,395
From operations (derived)
+€208,110
Net result for the year
+€85,980
Depreciation
+€194,503
Receivables within one year
+€17
Deferred charges and accrued income
+€2,392
Provisions
-€4,106
Trade debts
-€3,750
Tax, wage and social debts
-€67,294
Other debts
-€13,177
Accrued charges and deferred income
+€13,543
Investment (derived)
-€175,258
Investment in fixed assets (net)
-€175,258
Cash 2025
€515,247
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,938,596 | €2,949,793 | +€11,197 | +0.4% |
| Fixed assets | 21/28 | €2,439,223 | €2,419,978 | -€19,245 | -0.8% |
| Tangible fixed assets | 22/27 | €2,437,790 | €2,418,545 | -€19,245 | -0.8% |
| Land and buildings | 22 | €2,421,632 | €2,408,444 | -€13,188 | -0.5% |
| Plant, machinery and equipment | 23 | €1,342 | €484 | -€858 | -63.9% |
| Furniture and vehicles | 24 | €14,816 | €9,616 | -€5,200 | -35.1% |
| Financial fixed assets | 28 | €1,433 | €1,433 | = | 0.0% |
| Current assets | 29/58 | €499,373 | €529,815 | +€30,443 | +6.1% |
| Amounts receivable within one year | 40/41 | €17 | - | -€17 | |
| Other amounts receivable | 41 | €17 | - | -€17 | |
| Cash at bank and in hand | 54/58 | €482,395 | €515,247 | +€32,852 | +6.8% |
| Deferred charges and accrued income | 490/1 | €16,960 | €14,568 | -€2,392 | -14.1% |
| Total equity and liabilities | 10/49 | €2,938,596 | €2,949,793 | +€11,197 | +0.4% |
| Equity | 10/15 | €2,702,664 | €2,788,644 | +€85,980 | +3.2% |
| Contributions | 10/11 | €63,603 | €63,603 | = | 0.0% |
| Capital | 10 | €63,603 | €63,603 | = | 0.0% |
| Issued capital | 100 | €63,603 | €63,603 | = | 0.0% |
| Revaluation surpluses | 12 | €186,535 | €186,535 | = | 0.0% |
| Reserves | 13 | €2,328,691 | €2,320,718 | -€7,973 | -0.3% |
| Non-distributable reserves | 130/1 | €45,860 | €45,860 | = | 0.0% |
| Legal reserve | 130 | €45,860 | €45,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €144,309 | €136,336 | -€7,973 | -5.5% |
| Distributable reserves | 133 | €2,138,522 | €2,138,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,836 | €217,788 | +€93,953 | +75.9% |
| Provisions and deferred taxes | 16 | €73,413 | €69,307 | -€4,106 | -5.6% |
| Deferred taxes | 168 | €73,413 | €69,307 | -€4,106 | -5.6% |
| Amounts payable | 17/49 | €162,519 | €91,842 | -€70,677 | -43.5% |
| Amounts payable within one year | 42/48 | €160,016 | €75,796 | -€84,220 | -52.6% |
| Trade debts | 44 | €32,956 | €29,206 | -€3,750 | -11.4% |
| Suppliers | 440/4 | €32,956 | €29,206 | -€3,750 | -11.4% |
| Taxes, remuneration and social security | 45 | €69,951 | €2,657 | -€67,294 | -96.2% |
| Taxes | 450/3 | €69,951 | €2,657 | -€67,294 | -96.2% |
| Other amounts payable | 47/48 | €57,109 | €43,932 | -€13,177 | -23.1% |
| Accrued charges and deferred income | 492/3 | €2,503 | €16,046 | +€13,543 | +541.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,274 | €194,503 | +€44,230 | +29.4% |
| Other operating charges | 640/8 | €43,899 | €45,368 | +€1,469 | +3.3% |
| Gross operating margin | 9900 | €379,784 | €356,670 | -€23,113 | -6.1% |
| Operating profit (loss) | 9901 | €185,612 | €116,799 | -€68,813 | -37.1% |
| Financial income | 75/76B | €1,150 | €26 | -€1,124 | -97.7% |
| Recurring financial income | 75 | €1,150 | €26 | -€1,124 | -97.7% |
| Financial charges | 65/66B | €3,723 | €3,128 | -€594 | -16.0% |
| Recurring financial charges | 65 | €3,723 | €3,128 | -€594 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €183,039 | €113,697 | -€69,342 | -37.9% |
| Transfer from deferred taxes | 780 | €4,494 | €4,106 | -€388 | -8.6% |
| Income taxes | 67/77 | €55,417 | €31,823 | -€23,594 | -42.6% |
| Profit (loss) for the period | 9904 | €132,116 | €85,980 | -€46,136 | -34.9% |
| Transfer from tax-exempt reserves | 789 | €8,727 | €7,973 | -€754 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,843 | €93,953 | -€46,890 | -33.3% |
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 2 October 2026 via checked.be.