IMMOBAL: what changed
IMMOBAL
Largest movements
- Tangible fixed assets -€17,031
down €17,031 (-5.9%), from €287,385 to €270,354
- Receivables within one year -€15,600
down €15,600 (-78.6%), from €19,852 to €4,252
- Cash +€12,154
up €12,154 (+152%), from €8,017 to €20,171
mainly Net result for the year (+€25,890) and Depreciation (+€17,031)
- Profit (loss) carried forward +€39,755
up €39,755 (+51.6%), from €77,089 to €116,844
- Debts after one year -€29,333
down €29,333 (-68.2%), from €43,033 to €13,700
- Reserves -€13,865
down €13,865 (-31.4%), from €44,136 to €30,271
of which Tax-exempt reserves: -€13,865
- Current portion of long-term debt -€12,952
down €12,952 (-31.0%), from €41,785 to €28,833
- Provisions -€8,160
down €8,160 (-36.6%), from €22,322 to €14,162
- Financial charges -€4,031
down €4,031 (-57.1%), from €7,065 to €3,034
- Purchases and services -€2,976
down €2,976 (-11.3%), from €26,299 to €23,323
- Depreciation -€2,803
down €2,803 (-14.1%), from €19,834 to €17,031
- Turnover -€2,743
down €2,743 (-3.1%), from €87,357 to €84,614
- Taxes +€1,667
up €1,667 (+13.0%), from €12,805 to €14,472
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,255 | €294,777 | -€20,477 | -6.5% |
| Fixed assets | 21/28 | €287,385 | €270,354 | -€17,031 | -5.9% |
| Tangible fixed assets | 22/27 | €287,385 | €270,354 | -€17,031 | -5.9% |
| Land and buildings | 22 | €287,385 | €270,354 | -€17,031 | -5.9% |
| Current assets | 29/58 | €27,870 | €24,423 | -€3,446 | -12.4% |
| Amounts receivable within one year | 40/41 | €19,852 | €4,252 | -€15,600 | -78.6% |
| Trade receivables | 40 | €19,852 | €4,252 | -€15,600 | -78.6% |
| Cash at bank and in hand | 54/58 | €8,017 | €20,171 | +€12,154 | +152% |
| Total equity and liabilities | 10/49 | €315,255 | €294,777 | -€20,477 | -6.5% |
| Equity | 10/15 | €183,225 | €209,115 | +€25,890 | +14.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,136 | €30,271 | -€13,865 | -31.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,936 | €24,071 | -€13,865 | -36.5% |
| Profit (loss) carried forward | 14 | €77,089 | €116,844 | +€39,755 | +51.6% |
| Provisions and deferred taxes | 16 | €22,322 | €14,162 | -€8,160 | -36.6% |
| Deferred taxes | 168 | €22,322 | €14,162 | -€8,160 | -36.6% |
| Amounts payable | 17/49 | €109,707 | €71,500 | -€38,207 | -34.8% |
| Amounts payable after more than one year | 17 | €43,033 | €13,700 | -€29,333 | -68.2% |
| Financial debts | 170/4 | €43,033 | €13,700 | -€29,333 | -68.2% |
| Amounts payable within one year | 42/48 | €60,174 | €51,300 | -€8,874 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €41,785 | €28,833 | -€12,952 | -31.0% |
| Trade debts | 44 | €5,585 | €7,996 | +€2,411 | +43.2% |
| Suppliers | 440/4 | €5,585 | €7,996 | +€2,411 | +43.2% |
| Taxes, remuneration and social security | 45 | €12,805 | €14,472 | +€1,667 | +13.0% |
| Taxes | 450/3 | €12,805 | €14,472 | +€1,667 | +13.0% |
| Accrued charges and deferred income | 492/3 | €6,500 | €6,500 | = | 0.0% |
| Turnover | 70 | €87,357 | €84,614 | -€2,743 | -3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,299 | €23,323 | -€2,976 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,834 | €17,031 | -€2,803 | -14.1% |
| Other operating charges | 640/8 | €8,205 | €9,065 | +€860 | +10.5% |
| Gross operating margin | 9900 | €61,058 | €61,291 | +€233 | +0.4% |
| Operating profit (loss) | 9901 | €33,019 | €35,195 | +€2,176 | +6.6% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €7,065 | €3,034 | -€4,031 | -57.1% |
| Recurring financial charges | 65 | €7,065 | €3,034 | -€4,031 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €25,954 | €32,201 | +€6,247 | +24.1% |
| Transfer from deferred taxes | 780 | €8,160 | €8,160 | = | 0.0% |
| Income taxes | 67/77 | €12,805 | €14,472 | +€1,667 | +13.0% |
| Profit (loss) for the period | 9904 | €21,310 | €25,890 | +€4,580 | +21.5% |
| Transfer from tax-exempt reserves | 789 | €13,865 | €13,865 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,175 | €39,755 | +€4,580 | +13.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.