IMMOKARL: 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.
IMMOKARL
Largest movements
- Receivables within one year +€57,800
up €57,800 (+340%), from €17,000 to €74,800
- Tangible fixed assets -€8,361
down €8,361 (-3.4%), from €249,297 to €240,936
- Cash +€3,852
up €3,852 (+37.5%), from €10,270 to €14,122
mainly Net result for the year (+€31,028) and Debts after one year (+€29,839)
- Reserves +€31,028
up €31,028 (+188%), from €16,500 to €47,528
of which Distributable reserves: +€31,028
- Debts after one year +€29,839
up €29,839 (+46.4%), from €64,330 to €94,169
- Other debts -€22,914
down €22,914 (-68.6%), from €33,424 to €10,510
- Current portion of long-term debt +€15,052
up €15,052 (+164%), from €9,186 to €24,238
- Gross operating margin +€31,664
up €31,664 (+163%), from €19,392 to €51,056
- Taxes +€10,126
new in 2024: €10,126
- Depreciation -€2,355
down €2,355 (-22.0%), from €10,716 to €8,361
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,567 | €329,858 | +€53,291 | +19.3% |
| Fixed assets | 21/28 | €249,297 | €240,936 | -€8,361 | -3.4% |
| Tangible fixed assets | 22/27 | €249,297 | €240,936 | -€8,361 | -3.4% |
| Land and buildings | 22 | €249,297 | €240,936 | -€8,361 | -3.4% |
| Current assets | 29/58 | €27,270 | €88,921 | +€61,651 | +226% |
| Amounts receivable within one year | 40/41 | €17,000 | €74,800 | +€57,800 | +340% |
| Other amounts receivable | 41 | €17,000 | €74,800 | +€57,800 | +340% |
| Cash at bank and in hand | 54/58 | €10,270 | €14,122 | +€3,852 | +37.5% |
| Total equity and liabilities | 10/49 | €276,567 | €329,858 | +€53,291 | +19.3% |
| Equity | 10/15 | €165,223 | €196,251 | +€31,028 | +18.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €47,528 | +€31,028 | +188% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | - | €31,028 | +€31,028 | |
| Profit (loss) carried forward | 14 | €123,723 | €123,723 | = | 0.0% |
| Amounts payable | 17/49 | €111,344 | €133,607 | +€22,263 | +20.0% |
| Amounts payable after more than one year | 17 | €64,330 | €94,169 | +€29,839 | +46.4% |
| Financial debts | 170/4 | €64,330 | €94,169 | +€29,839 | +46.4% |
| Amounts payable within one year | 42/48 | €47,015 | €39,438 | -€7,577 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €9,186 | €24,238 | +€15,052 | +164% |
| Trade debts | 44 | €460 | - | -€460 | |
| Suppliers | 440/4 | €460 | - | -€460 | |
| Taxes, remuneration and social security | 45 | €3,944 | €4,689 | +€746 | +18.9% |
| Taxes | 450/3 | €3,944 | €4,689 | +€746 | +18.9% |
| Other amounts payable | 47/48 | €33,424 | €10,510 | -€22,914 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,716 | €8,361 | -€2,355 | -22.0% |
| Gross operating margin | 9900 | €19,392 | €51,056 | +€31,664 | +163% |
| Operating profit (loss) | 9901 | €8,676 | €42,695 | +€34,019 | +392% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,445 | €1,563 | +€118 | +8.1% |
| Recurring financial charges | 65 | €1,445 | €1,563 | +€118 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €7,231 | €41,154 | +€33,923 | +469% |
| Income taxes | 67/77 | - | €10,126 | +€10,126 | |
| Profit (loss) for the period | 9904 | €7,231 | €31,028 | +€23,797 | +329% |
| Profit (loss) for the period to be appropriated | 9905 | €7,231 | €31,028 | +€23,797 | +329% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.