IMMO-LION: 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-LION
Largest movements
- Tangible fixed assets -€16,354
down €16,354 (-5.3%), from €306,075 to €289,721
of which Land and buildings: -€15,381
- Debts after one year -€10,966
down €10,966 (-56.3%), from €19,477 to €8,511
- Reserves -€5,289
down €5,289 (-10.2%), from €51,794 to €46,506
of which Distributable reserves: -€5,289
- Gross operating margin -€3,082
down €3,082 (-9.6%), from €32,172 to €29,090
- Other operating charges -€1,940
no longer reported in 2025 (was €1,940)
- Depreciation +€1,364
up €1,364 (+4.3%), from €31,813 to €33,178
- Financial charges -€396
down €396 (-24.8%), from €1,597 to €1,201
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 | €339,125 | €323,663 | -€15,462 | -4.6% |
| Fixed assets | 21/28 | €306,075 | €289,721 | -€16,354 | -5.3% |
| Tangible fixed assets | 22/27 | €306,075 | €289,721 | -€16,354 | -5.3% |
| Land and buildings | 22 | €303,132 | €287,751 | -€15,381 | -5.1% |
| Other tangible fixed assets | 26 | €2,943 | €1,970 | -€973 | -33.1% |
| Current assets | 29/58 | €33,051 | €33,942 | +€891 | +2.7% |
| Cash at bank and in hand | 54/58 | €31,303 | €32,110 | +€807 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,748 | €1,832 | +€84 | +4.8% |
| Total equity and liabilities | 10/49 | €339,125 | €323,663 | -€15,462 | -4.6% |
| Equity | 10/15 | €64,194 | €58,906 | -€5,289 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,794 | €46,506 | -€5,289 | -10.2% |
| Non-distributable reserves | 130/1 | €8,160 | €8,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,160 | €8,160 | = | 0.0% |
| Distributable reserves | 133 | €43,634 | €38,346 | -€5,289 | -12.1% |
| Amounts payable | 17/49 | €274,931 | €264,758 | -€10,174 | -3.7% |
| Amounts payable after more than one year | 17 | €19,477 | €8,511 | -€10,966 | -56.3% |
| Financial debts | 170/4 | €19,477 | €8,511 | -€10,966 | -56.3% |
| Amounts payable within one year | 42/48 | €255,454 | €256,247 | +€793 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €10,546 | €10,966 | +€420 | +4.0% |
| Trade debts | 44 | €2,412 | €1,832 | -€580 | -24.0% |
| Suppliers | 440/4 | €2,412 | €1,832 | -€580 | -24.0% |
| Other amounts payable | 47/48 | €242,496 | €243,449 | +€952 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,813 | €33,178 | +€1,364 | +4.3% |
| Other operating charges | 640/8 | €1,940 | - | -€1,940 | |
| Gross operating margin | 9900 | €32,172 | €29,090 | -€3,082 | -9.6% |
| Operating profit (loss) | 9901 | -€1,581 | -€4,088 | -€2,506 | -158.5% |
| Financial charges | 65/66B | €1,597 | €1,201 | -€396 | -24.8% |
| Recurring financial charges | 65 | €1,597 | €1,201 | -€396 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,178 | -€5,289 | -€2,111 | -66.4% |
| Profit (loss) for the period | 9904 | -€3,178 | -€5,289 | -€2,111 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,178 | -€5,289 | -€2,111 | -66.4% |
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 11 October 2026 via checked.be.