Immo Maloca: 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 Maloca
Largest movements
- Receivables within one year +€30,162
up €30,162 (+24.4%), from €123,664 to €153,827
of which Other amounts receivable: +€20,575
- Cash +€23,744
up €23,744 (+108%), from €21,936 to €45,680
mainly Net result for the year (+€115,824) and Other debts (+€43,000)
- Reserves +€115,824
up €115,824 (+24.2%), from €478,425 to €594,248
of which Distributable reserves: +€115,824
- Debts after one year -€115,155
down €115,155 (-29.5%), from €390,051 to €274,896
- Other debts +€43,000
up €43,000 (+51.4%), from €83,579 to €126,579
- Tax, wage and social debts +€29,770
up €29,770 (+91.4%), from €32,563 to €62,333
- Gross operating margin +€18,554
up €18,554 (+7.7%), from €241,349 to €259,903
- Taxes +€11,549
up €11,549 (+23.7%), from €48,656 to €60,206
- Financial charges -€4,976
down €4,976 (-19.8%), from €25,086 to €20,110
- Depreciation -€3,378
down €3,378 (-8.9%), from €37,884 to €34,505
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,053,710 | €2,090,146 | +€36,436 | +1.8% |
| Fixed assets | 21/28 | €1,902,664 | €1,884,498 | -€18,166 | -1.0% |
| Tangible fixed assets | 22/27 | €1,418,397 | €1,400,231 | -€18,166 | -1.3% |
| Land and buildings | 22 | €1,417,425 | €1,400,156 | -€17,269 | -1.2% |
| Furniture and vehicles | 24 | €972 | €75 | -€897 | -92.3% |
| Financial fixed assets | 28 | €484,267 | €484,267 | = | 0.0% |
| Current assets | 29/58 | €151,046 | €205,648 | +€54,602 | +36.1% |
| Amounts receivable within one year | 40/41 | €123,664 | €153,827 | +€30,162 | +24.4% |
| Trade receivables | 40 | €7,466 | €17,053 | +€9,587 | +128% |
| Other amounts receivable | 41 | €116,198 | €136,773 | +€20,575 | +17.7% |
| Cash at bank and in hand | 54/58 | €21,936 | €45,680 | +€23,744 | +108% |
| Deferred charges and accrued income | 490/1 | €5,446 | €6,141 | +€695 | +12.8% |
| Total equity and liabilities | 10/49 | €2,053,710 | €2,090,146 | +€36,436 | +1.8% |
| Equity | 10/15 | €1,387,359 | €1,503,183 | +€115,824 | +8.3% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Revaluation surpluses | 12 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €478,425 | €594,248 | +€115,824 | +24.2% |
| Non-distributable reserves | 130/1 | €11,574 | €11,574 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Other | 1319 | €3,074 | €3,074 | = | 0.0% |
| Distributable reserves | 133 | €466,851 | €582,674 | +€115,824 | +24.8% |
| Profit (loss) carried forward | 14 | €576,041 | €576,041 | = | 0.0% |
| Amounts payable | 17/49 | €666,351 | €586,963 | -€79,387 | -11.9% |
| Amounts payable after more than one year | 17 | €390,051 | €274,896 | -€115,155 | -29.5% |
| Financial debts | 170/4 | €390,051 | €274,896 | -€115,155 | -29.5% |
| Amounts payable within one year | 42/48 | €255,625 | €312,067 | +€56,442 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €121,693 | €115,155 | -€6,538 | -5.4% |
| Trade debts | 44 | €17,790 | €8,000 | -€9,790 | -55.0% |
| Suppliers | 440/4 | €17,790 | €8,000 | -€9,790 | -55.0% |
| Taxes, remuneration and social security | 45 | €32,563 | €62,333 | +€29,770 | +91.4% |
| Taxes | 450/3 | €32,563 | €62,333 | +€29,770 | +91.4% |
| Other amounts payable | 47/48 | €83,579 | €126,579 | +€43,000 | +51.4% |
| Accrued charges and deferred income | 492/3 | €20,675 | - | -€20,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,884 | €34,505 | -€3,378 | -8.9% |
| Other operating charges | 640/8 | €32,656 | €33,808 | +€1,151 | +3.5% |
| Gross operating margin | 9900 | €241,349 | €259,903 | +€18,554 | +7.7% |
| Operating profit (loss) | 9901 | €170,809 | €191,590 | +€20,781 | +12.2% |
| Financial income | 75/76B | €2,122 | €4,549 | +€2,427 | +114% |
| Recurring financial income | 75 | €2,122 | €4,549 | +€2,427 | +114% |
| Financial charges | 65/66B | €25,086 | €20,110 | -€4,976 | -19.8% |
| Recurring financial charges | 65 | €25,086 | €20,110 | -€4,976 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €147,845 | €176,029 | +€28,184 | +19.1% |
| Transfer from deferred taxes | 780 | €153 | - | -€153 | |
| Income taxes | 67/77 | €48,656 | €60,206 | +€11,549 | +23.7% |
| Profit (loss) for the period | 9904 | €99,341 | €115,824 | +€16,482 | +16.6% |
| Transfer from tax-exempt reserves | 789 | €297 | - | -€297 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,638 | €115,824 | +€16,185 | +16.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.