Immojel: 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.
Immojel
Largest movements
- Tangible fixed assets -€3.0m
down €3.0m (-100.0%), from €3.0m to €0
- Cash +€397,083
up €397,083 (+4821.3%), from €8,236 to €405,319
mainly Net result for the year (+€2.8m) and Investment in fixed assets (net) (+€2.6m)
- Financial fixed assets +€325,935
new in 2025: €325,935
- Receivables within one year +€265,500
new in 2025: €265,500
- Revaluation surpluses -€2.9m
down €2.9m (-100.0%), from €2.9m to €0
- Profit (loss) carried forward +€2.2m
up €2.2m (+97.1%), from -€2.3m to -€66,074
- Debts after one year -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Reserves +€583,917
up €583,917 (+2538.8%), from €23,000 to €606,917
of which Tax-exempt reserves: +€583,917
- Other debts -€442,404
down €442,404 (-100.0%), from €442,404 to €0
- Gross operating margin +€3.2m
up €3.2m (+3786.1%), from €84,787 to €3.3m
- Taxes +€220,704
new in 2025: €220,704
- Financial charges -€70,050
down €70,050 (-75.9%), from €92,315 to €22,266
of which Financial charges: -€70,050
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 | €2,979,505 | €997,768 | -€2.0m | -66.5% |
| Fixed assets | 21/28 | €2,968,585 | €325,935 | -€2.6m | -89.0% |
| Tangible fixed assets | 22/27 | €2,968,585 | €0 | -€3.0m | -100.0% |
| Land and buildings | 22 | €2,968,585 | €0 | -€3.0m | -100.0% |
| Financial fixed assets | 28 | - | €325,935 | +€325,935 | |
| Current assets | 29/58 | €10,920 | €671,833 | +€660,914 | +6052.6% |
| Amounts receivable within one year | 40/41 | - | €265,500 | +€265,500 | |
| Other amounts receivable | 41 | - | €265,500 | +€265,500 | |
| Cash at bank and in hand | 54/58 | €8,236 | €405,319 | +€397,083 | +4821.3% |
| Deferred charges and accrued income | 490/1 | €2,684 | €1,014 | -€1,669 | -62.2% |
| Total equity and liabilities | 10/49 | €2,979,505 | €997,768 | -€2.0m | -66.5% |
| Equity | 10/15 | €837,140 | €770,843 | -€66,297 | -7.9% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,897,685 | €0 | -€2.9m | -100.0% |
| Reserves | 13 | €23,000 | €606,917 | +€583,917 | +2538.8% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €583,917 | +€583,917 | |
| Profit (loss) carried forward | 14 | -€2,313,545 | -€66,074 | +€2.2m | +97.1% |
| Provisions and deferred taxes | 16 | - | €194,639 | +€194,639 | |
| Deferred taxes | 168 | - | €194,639 | +€194,639 | |
| Amounts payable | 17/49 | €2,142,364 | €32,286 | -€2.1m | -98.5% |
| Amounts payable after more than one year | 17 | €1,532,289 | €0 | -€1.5m | -100.0% |
| Other amounts payable | 178/9 | €1,532,289 | €0 | -€1.5m | -100.0% |
| Amounts payable within one year | 42/48 | €519,802 | €32,286 | -€487,516 | -93.8% |
| Trade debts | 44 | €77,398 | €11,583 | -€65,815 | -85.0% |
| Suppliers | 440/4 | €77,398 | €11,583 | -€65,815 | -85.0% |
| Taxes, remuneration and social security | 45 | - | €20,704 | +€20,704 | |
| Taxes | 450/3 | - | €20,704 | +€20,704 | |
| Other amounts payable | 47/48 | €442,404 | €0 | -€442,404 | -100.0% |
| Accrued charges and deferred income | 492/3 | €90,273 | €0 | -€90,273 | -100.0% |
| Non-recurring operating income | 76A | €129,779 | €3,329,100 | +€3.2m | +2465.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,391 | €0 | -€2,391 | -100.0% |
| Other operating charges | 640/8 | €44,686 | €26,911 | -€17,774 | -39.8% |
| Gross operating margin | 9900 | €84,787 | €3,294,893 | +€3.2m | +3786.1% |
| Operating profit (loss) | 9901 | €37,710 | €3,267,982 | +€3.2m | +8566.1% |
| Financial income | 75/76B | €0 | €1,014 | +€1,014 | |
| Recurring financial income | 75 | €0 | €1,014 | +€1,014 | |
| Financial charges | 65/66B | €92,315 | €22,266 | -€70,050 | -75.9% |
| Recurring financial charges | 65 | €92,315 | €22,266 | -€70,050 | -75.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€54,605 | €3,246,730 | +€3.3m | |
| Transfer to deferred taxes | 680 | - | €194,639 | +€194,639 | |
| Income taxes | 67/77 | - | €220,704 | +€220,704 | |
| Profit (loss) for the period | 9904 | -€54,605 | €2,831,388 | +€2.9m | |
| Transfer to tax-exempt reserves | 689 | - | €583,917 | +€583,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,605 | €2,247,471 | +€2.3m |
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 3 October 2026 via checked.be.