IMMO-LINALEX: 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-LINALEX
Largest movements
- Tangible fixed assets -€740,563
down €740,563 (-83.8%), from €883,383 to €142,820
of which Land and buildings: -€719,246
- Stocks and contracts -€446,960
down €446,960 (-32.6%), from €1.4m to €923,378
- Current investments +€431,612
up €431,612 (+110%), from €392,516 to €824,128
- Debts after one year -€850,914
down €850,914 (-57.3%), from €1.5m to €635,057
of which Financial debts: -€850,914
- Reserves +€268,098
up €268,098 (+52.1%), from €514,462 to €782,560
of which Distributable reserves: +€468,000
- Tax, wage and social debts -€111,076
down €111,076 (-90.5%), from €122,696 to €11,620
- Other debts +€88,271
up €88,271 (+32.3%), from €273,292 to €361,563
- Provisions -€66,634
down €66,634 (-100%), from €66,634 to €0
- Gross operating margin +€233,013
up €233,013 (+87.5%), from €266,387 to €499,400
- Taxes +€173,012
up €173,012 (+401%), from €43,187 to €216,199
- Depreciation -€29,486
down €29,486 (-58.1%), from €50,740 to €21,254
- Financial charges -€25,303
down €25,303 (-32.1%), from €78,708 to €53,405
- Financial income -€9,767
down €9,767 (-66.3%), from €14,735 to €4,967
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 | €2,669,192 | €1,942,831 | -€726,361 | -27.2% |
| Fixed assets | 21/28 | €883,383 | €142,820 | -€740,563 | -83.8% |
| Tangible fixed assets | 22/27 | €883,383 | €142,820 | -€740,563 | -83.8% |
| Land and buildings | 22 | €837,102 | €117,856 | -€719,246 | -85.9% |
| Furniture and vehicles | 24 | €17,519 | €2,234 | -€15,285 | -87.2% |
| Other tangible fixed assets | 26 | €28,762 | €22,731 | -€6,031 | -21.0% |
| Current assets | 29/58 | €1,785,809 | €1,800,011 | +€14,202 | +0.8% |
| Stocks and contracts in progress | 3 | €1,370,338 | €923,378 | -€446,960 | -32.6% |
| Stocks | 30/36 | €1,370,338 | €923,378 | -€446,960 | -32.6% |
| Amounts receivable within one year | 40/41 | €11,258 | €10,366 | -€893 | -7.9% |
| Trade receivables | 40 | €10,832 | €991 | -€9,841 | -90.9% |
| Other amounts receivable | 41 | €426 | €9,375 | +€8,949 | +2,099% |
| Current investments | 50/53 | €392,516 | €824,128 | +€431,612 | +110% |
| Cash at bank and in hand | 54/58 | €11,261 | €27,062 | +€15,802 | +140% |
| Deferred charges and accrued income | 490/1 | €436 | €15,076 | +€14,641 | +3,362% |
| Total equity and liabilities | 10/49 | €2,669,192 | €1,942,831 | -€726,361 | -27.2% |
| Equity | 10/15 | €608,314 | €877,055 | +€268,742 | +44.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €514,462 | €782,560 | +€268,098 | +52.1% |
| Tax-exempt reserves | 132 | €199,902 | €0 | -€199,902 | -100% |
| Distributable reserves | 133 | €314,560 | €782,560 | +€468,000 | +149% |
| Profit (loss) carried forward | 14 | €81,452 | €82,095 | +€644 | +0.8% |
| Provisions and deferred taxes | 16 | €66,634 | €0 | -€66,634 | -100% |
| Deferred taxes | 168 | €66,634 | €0 | -€66,634 | -100% |
| Amounts payable | 17/49 | €1,994,244 | €1,065,775 | -€928,469 | -46.6% |
| Amounts payable after more than one year | 17 | €1,485,971 | €635,057 | -€850,914 | -57.3% |
| Financial debts | 170/4 | €1,474,816 | €623,902 | -€850,914 | -57.7% |
| Other amounts payable | 178/9 | €11,155 | €11,155 | = | 0.0% |
| Amounts payable within one year | 42/48 | €500,976 | €429,686 | -€71,290 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €97,759 | €47,199 | -€50,560 | -51.7% |
| Financial debts | 43 | €15 | €60 | +€45 | +303% |
| Credit institutions | 430/8 | €15 | €60 | +€45 | +303% |
| Trade debts | 44 | €7,215 | €9,243 | +€2,028 | +28.1% |
| Suppliers | 440/4 | €7,215 | €9,243 | +€2,028 | +28.1% |
| Taxes, remuneration and social security | 45 | €122,696 | €11,620 | -€111,076 | -90.5% |
| Taxes | 450/3 | €122,696 | €11,620 | -€111,076 | -90.5% |
| Other amounts payable | 47/48 | €273,292 | €361,563 | +€88,271 | +32.3% |
| Accrued charges and deferred income | 492/3 | €7,297 | €1,032 | -€6,265 | -85.9% |
| Non-recurring operating income | 76A | - | €482,741 | +€482,741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,740 | €21,254 | -€29,486 | -58.1% |
| Other operating charges | 640/8 | €21,014 | €11,401 | -€9,613 | -45.7% |
| Gross operating margin | 9900 | €266,387 | €499,400 | +€233,013 | +87.5% |
| Operating profit (loss) | 9901 | €194,633 | €466,744 | +€272,112 | +140% |
| Financial income | 75/76B | €14,735 | €4,967 | -€9,767 | -66.3% |
| Recurring financial income | 75 | €14,735 | €4,967 | -€9,767 | -66.3% |
| Financial charges | 65/66B | €78,708 | €53,405 | -€25,303 | -32.1% |
| Recurring financial charges | 65 | €78,708 | €53,405 | -€25,303 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €130,659 | €418,307 | +€287,648 | +220% |
| Transfer from deferred taxes | 780 | €2,491 | €66,634 | +€64,143 | +2,575% |
| Income taxes | 67/77 | €43,187 | €216,199 | +€173,012 | +401% |
| Profit (loss) for the period | 9904 | €89,963 | €268,742 | +€178,778 | +199% |
| Transfer from tax-exempt reserves | 789 | €7,473 | €199,902 | +€192,429 | +2,575% |
| Profit (loss) for the period to be appropriated | 9905 | €97,436 | €468,644 | +€371,207 | +381% |
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 21 October 2026 via checked.be.