IMMOCALO: 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.
IMMOCALO
Largest movements
- Tangible fixed assets -€82,991
down €82,991 (-10.7%), from €775,541 to €692,549
of which Land and buildings: -€80,536
- Receivables within one year +€38,770
up €38,770 (+3.9%), from €983,214 to €1.0m
- Deferred charges and accrued income +€19,713
up €19,713, from €0 to €19,713
- Debts after one year -€71,204
down €71,204 (-43.8%), from €162,453 to €91,249
- Reserves +€18,373
up €18,373 (+6.8%), from €270,501 to €288,874
of which Distributable reserves: +€18,373
- Depreciation -€28,864
down €28,864 (-25.8%), from €111,855 to €82,991
- Gross operating margin -€26,605
down €26,605 (-16.2%), from €164,728 to €138,123
- Financial income +€2,076
up €2,076 (+14.8%), from €14,026 to €16,101
- Taxes +€1,737
up €1,737 (+34.0%), from €5,106 to €6,843
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.
Derived cash bridge
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 | €1,819,533 | €1,789,648 | -€29,885 | -1.6% |
| Fixed assets | 21/28 | €775,541 | €692,549 | -€82,991 | -10.7% |
| Tangible fixed assets | 22/27 | €775,541 | €692,549 | -€82,991 | -10.7% |
| Land and buildings | 22 | €769,076 | €688,539 | -€80,536 | -10.5% |
| Plant, machinery and equipment | 23 | €6,465 | €4,010 | -€2,455 | -38.0% |
| Current assets | 29/58 | €1,043,992 | €1,097,098 | +€53,106 | +5.1% |
| Amounts receivable within one year | 40/41 | €983,214 | €1,021,983 | +€38,770 | +3.9% |
| Other amounts receivable | 41 | €983,214 | €1,021,983 | +€38,770 | +3.9% |
| Cash at bank and in hand | 54/58 | €60,779 | €55,402 | -€5,376 | -8.8% |
| Deferred charges and accrued income | 490/1 | €0 | €19,713 | +€19,713 | |
| Total equity and liabilities | 10/49 | €1,819,533 | €1,789,648 | -€29,885 | -1.6% |
| Equity | 10/15 | €820,501 | €838,874 | +€18,373 | +2.2% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €270,501 | €288,874 | +€18,373 | +6.8% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,711 | €7,711 | = | 0.0% |
| Distributable reserves | 133 | €207,790 | €226,163 | +€18,373 | +8.8% |
| Amounts payable | 17/49 | €999,032 | €950,774 | -€48,258 | -4.8% |
| Amounts payable after more than one year | 17 | €162,453 | €91,249 | -€71,204 | -43.8% |
| Financial debts | 170/4 | €162,453 | €91,249 | -€71,204 | -43.8% |
| Amounts payable within one year | 42/48 | €793,351 | €816,084 | +€22,733 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €74,445 | €71,204 | -€3,241 | -4.4% |
| Trade debts | 44 | €1,641 | €13,317 | +€11,676 | +712% |
| Suppliers | 440/4 | €1,641 | €13,317 | +€11,676 | +712% |
| Taxes, remuneration and social security | 45 | €6,744 | €7,841 | +€1,098 | +16.3% |
| Taxes | 450/3 | €6,744 | €7,841 | +€1,098 | +16.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €710,522 | €723,722 | +€13,200 | +1.9% |
| Accrued charges and deferred income | 492/3 | €43,229 | €43,441 | +€213 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,855 | €82,991 | -€28,864 | -25.8% |
| Other operating charges | 640/8 | €16,731 | €17,422 | +€692 | +4.1% |
| Gross operating margin | 9900 | €164,728 | €138,123 | -€26,605 | -16.2% |
| Operating profit (loss) | 9901 | €36,142 | €37,709 | +€1,567 | +4.3% |
| Financial income | 75/76B | €14,026 | €16,101 | +€2,076 | +14.8% |
| Recurring financial income | 75 | €14,026 | €16,101 | +€2,076 | +14.8% |
| Financial charges | 65/66B | €29,822 | €28,595 | -€1,226 | -4.1% |
| Recurring financial charges | 65 | €29,822 | €28,595 | -€1,226 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €20,346 | €25,216 | +€4,869 | +23.9% |
| Income taxes | 67/77 | €5,106 | €6,843 | +€1,737 | +34.0% |
| Profit (loss) for the period | 9904 | €15,240 | €18,373 | +€3,132 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,240 | €18,373 | +€3,132 | +20.6% |
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 13 October 2026 via checked.be.