Immobilière Imala: what changed
What changed
Immobilière Imala
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€39,242
2024 · -€7,802-€31,440
Equity
€472,960
2024 · €512,202-€39,242
Cash
€293,520
2024 · €76,830+€216,690
Balance sheet total
€697,249
2024 · €806,650-€109,401
Largest movements
Assets
- Tangible fixed assets -€289,018
down €289,018 (-43.1%), from €670,078 to €381,060
of which Land and buildings: -€291,215
- Cash +€216,690
up €216,690 (+282%), from €76,830 to €293,520
mainly Investment in fixed assets (net) (+€301,540) and Depreciation (+€25,889)
- Intangible fixed assets -€38,411
down €38,411 (-66.3%), from €57,973 to €19,562
Equity and liabilities
- Debts after one year -€70,150
down €70,150 (-29.1%), from €240,702 to €170,552
- Profit (loss) carried forward -€39,242
down €39,242 (-23.0%), from -€170,922 to -€210,165
Income statement
- Other operating charges +€31,495
up €31,495 (+281%), from €11,191 to €42,685
- Depreciation -€10,271
down €10,271 (-28.4%), from €36,161 to €25,889
- Gross operating margin -€8,395
down €8,395 (-11.3%), from €74,234 to €65,839
- Staff costs +€2,055
up €2,055 (+8.5%), from €24,093 to €26,149
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.
Result 2024
-€7,802
Gross operating margin
-€8,395
Staff costs
-€2,055
Depreciation
+€10,271
Other operating charges
-€31,495
Financial income
+€360
Financial charges
+€323
Taxes
-€449
Result 2025
-€39,242
raises the resultlowers the result
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.
From operations
-€11,494
Investment
+€301,540
Financing
-€73,356
Cash 2024
€76,830
From operations (derived)
-€11,494
Net result for the year
-€39,242
Depreciation
+€25,889
Smaller working-capital items
-€1,231
Deferred charges and accrued income
-€764
Trade debts
+€3,854
Investment (derived)
+€301,540
Investment in fixed assets (net)
+€301,540
Financing
-€73,356
Debts after one year
-€70,150
Current portion of long-term debt
-€3,206
Cash 2025
€293,520
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €806,650 | €697,249 | -€109,401 | -13.6% |
| Fixed assets | 21/28 | €728,051 | €400,621 | -€327,430 | -45.0% |
| Intangible fixed assets | 21 | €57,973 | €19,562 | -€38,411 | -66.3% |
| Tangible fixed assets | 22/27 | €670,078 | €381,060 | -€289,018 | -43.1% |
| Land and buildings | 22 | €624,765 | €333,549 | -€291,215 | -46.6% |
| Plant, machinery and equipment | 23 | €35,705 | €5,962 | -€29,743 | -83.3% |
| Furniture and vehicles | 24 | €9,608 | €41,548 | +€31,940 | +332% |
| Current assets | 29/58 | €78,599 | €296,628 | +€218,029 | +277% |
| Amounts receivable within one year | 40/41 | €387 | €963 | +€575 | +148% |
| Trade receivables | 40 | €387 | €963 | +€575 | +148% |
| Cash at bank and in hand | 54/58 | €76,830 | €293,520 | +€216,690 | +282% |
| Deferred charges and accrued income | 490/1 | €1,382 | €2,145 | +€764 | +55.3% |
| Total equity and liabilities | 10/49 | €806,650 | €697,249 | -€109,401 | -13.6% |
| Equity | 10/15 | €512,202 | €472,960 | -€39,242 | -7.7% |
| 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 | €621,124 | €621,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,265 | €204,265 | = | 0.0% |
| Distributable reserves | 133 | €410,660 | €410,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,922 | -€210,165 | -€39,242 | -23.0% |
| Amounts payable | 17/49 | €294,448 | €224,290 | -€70,158 | -23.8% |
| Amounts payable after more than one year | 17 | €240,702 | €170,552 | -€70,150 | -29.1% |
| Financial debts | 170/4 | €240,702 | €170,552 | -€70,150 | -29.1% |
| Amounts payable within one year | 42/48 | €53,746 | €53,738 | -€9 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €30,884 | €27,677 | -€3,206 | -10.4% |
| Trade debts | 44 | €97 | €3,951 | +€3,854 | +3,972% |
| Suppliers | 440/4 | €97 | €3,951 | +€3,854 | +3,972% |
| Taxes, remuneration and social security | 45 | €4,935 | €4,279 | -€656 | -13.3% |
| Taxes | 450/3 | €390 | €201 | -€189 | -48.5% |
| Remuneration and social security | 454/9 | €4,545 | €4,078 | -€467 | -10.3% |
| Other amounts payable | 47/48 | €17,830 | €17,830 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,093 | €26,149 | +€2,055 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,161 | €25,889 | -€10,271 | -28.4% |
| Other operating charges | 640/8 | €11,191 | €42,685 | +€31,495 | +281% |
| Gross operating margin | 9900 | €74,234 | €65,839 | -€8,395 | -11.3% |
| Operating profit (loss) | 9901 | €2,789 | -€28,885 | -€31,674 | |
| Financial income | 75/76B | €301 | €661 | +€360 | +120% |
| Recurring financial income | 75 | €301 | €661 | +€360 | +120% |
| Financial charges | 65/66B | €10,730 | €10,407 | -€323 | -3.0% |
| Recurring financial charges | 65 | €10,730 | €10,407 | -€323 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,640 | -€38,631 | -€30,991 | -406% |
| Income taxes | 67/77 | €163 | €611 | +€449 | +276% |
| Profit (loss) for the period | 9904 | -€7,802 | -€39,242 | -€31,440 | -403% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,802 | -€39,242 | -€31,440 | -403% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.