IMMO MALU: 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 MALU
Largest movements
- Cash -€77,511
down €77,511 (-89.0%), from €87,109 to €9,598
mainly Other debts (-€90,000)
- Tangible fixed assets -€6,000
down €6,000 (-13.0%), from €46,000 to €40,000
- Other debts -€90,000
down €90,000 (-85.2%), from €105,662 to €15,662
- Profit (loss) carried forward +€6,208
up €6,208 (+70.6%), from €8,796 to €15,004
- Gross operating margin +€1,610
up €1,610 (+10.6%), from €15,115 to €16,725
- Taxes +€385
up €385 (+22.0%), from €1,752 to €2,136
- Other operating charges +€266
up €266 (+12.7%), from €2,089 to €2,355
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 | €134,557 | €50,998 | -€83,560 | -62.1% |
| Fixed assets | 21/28 | €46,000 | €40,000 | -€6,000 | -13.0% |
| Tangible fixed assets | 22/27 | €46,000 | €40,000 | -€6,000 | -13.0% |
| Land and buildings | 22 | €46,000 | €40,000 | -€6,000 | -13.0% |
| Current assets | 29/58 | €88,557 | €10,998 | -€77,560 | -87.6% |
| Amounts receivable within one year | 40/41 | €48 | - | -€48 | |
| Other amounts receivable | 41 | €48 | - | -€48 | |
| Cash at bank and in hand | 54/58 | €87,109 | €9,598 | -€77,511 | -89.0% |
| Deferred charges and accrued income | 490/1 | €1,400 | €1,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €134,557 | €50,998 | -€83,560 | -62.1% |
| Equity | 10/15 | €28,896 | €35,104 | +€6,208 | +21.5% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,796 | €15,004 | +€6,208 | +70.6% |
| Amounts payable | 17/49 | €105,662 | €15,894 | -€89,767 | -85.0% |
| Amounts payable within one year | 42/48 | €105,662 | €15,894 | -€89,767 | -85.0% |
| Taxes, remuneration and social security | 45 | - | €233 | +€233 | |
| Taxes | 450/3 | - | €233 | +€233 | |
| Other amounts payable | 47/48 | €105,662 | €15,662 | -€90,000 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,089 | €2,355 | +€266 | +12.7% |
| Gross operating margin | 9900 | €15,115 | €16,725 | +€1,610 | +10.6% |
| Operating profit (loss) | 9901 | €7,026 | €8,370 | +€1,344 | +19.1% |
| Financial charges | 65/66B | €20 | €26 | +€6 | +32.8% |
| Recurring financial charges | 65 | €20 | €26 | +€6 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €7,006 | €8,344 | +€1,338 | +19.1% |
| Income taxes | 67/77 | €1,752 | €2,136 | +€385 | +22.0% |
| Profit (loss) for the period | 9904 | €5,255 | €6,208 | +€953 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,255 | €6,208 | +€953 | +18.1% |
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 8 October 2026 via checked.be.