IMMOKLEIN: 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.
IMMOKLEIN
Largest movements
- Tangible fixed assets -€176,990
down €176,990 (-19.5%), from €909,395 to €732,405
of which Land and buildings: -€170,837
- Cash +€55,666
up €55,666 (+11511.4%), from €484 to €56,149
mainly Investment in fixed assets (net) (+€116,338) and Net result for the year (+€63,729)
- Receivables within one year +€25,244
up €25,244 (+60.7%), from €41,556 to €66,799
of which Other amounts receivable: +€40,684
- Debts after one year -€126,648
down €126,648 (-23.7%), from €533,371 to €406,723
of which Financial debts: -€85,539
- Reserves +€63,729
up €63,729 (+27.1%), from €235,003 to €298,732
of which Distributable reserves: +€72,342
- Short-term financial debts +€19,010
up €19,010 (+1003.7%), from €1,894 to €20,904
- Accrued charges and deferred income -€17,720
down €17,720 (-95.7%), from €18,520 to €800
- Other debts -€14,745
down €14,745 (-100.0%), from €14,745 to €0
- Gross operating margin +€28,291
up €28,291 (+18.3%), from €154,232 to €182,523
- Depreciation -€9,913
down €9,913 (-14.0%), from €70,566 to €60,653
- Financial charges +€9,813
up €9,813 (+105.8%), from €9,271 to €19,084
- Taxes +€8,003
up €8,003 (+30.7%), from €26,036 to €34,039
- Other operating charges +€3,708
up €3,708 (+53.9%), from €6,875 to €10,583
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 | €958,508 | €861,315 | -€97,193 | -10.1% |
| Fixed assets | 21/28 | €911,745 | €734,755 | -€176,990 | -19.4% |
| Tangible fixed assets | 22/27 | €909,395 | €732,405 | -€176,990 | -19.5% |
| Land and buildings | 22 | €776,131 | €605,294 | -€170,837 | -22.0% |
| Plant, machinery and equipment | 23 | €130,944 | €120,444 | -€10,501 | -8.0% |
| Furniture and vehicles | 24 | €2,320 | €6,668 | +€4,348 | +187.4% |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €46,763 | €126,561 | +€79,798 | +170.6% |
| Amounts receivable within one year | 40/41 | €41,556 | €66,799 | +€25,244 | +60.7% |
| Trade receivables | 40 | €27,696 | €12,255 | -€15,441 | -55.8% |
| Other amounts receivable | 41 | €13,860 | €54,544 | +€40,684 | +293.5% |
| Cash at bank and in hand | 54/58 | €484 | €56,149 | +€55,666 | +11511.4% |
| Deferred charges and accrued income | 490/1 | €4,723 | €3,612 | -€1,111 | -23.5% |
| Total equity and liabilities | 10/49 | €958,508 | €861,315 | -€97,193 | -10.1% |
| Equity | 10/15 | €260,003 | €323,732 | +€63,729 | +24.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €235,003 | €298,732 | +€63,729 | +27.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €99,202 | €90,588 | -€8,614 | -8.7% |
| Distributable reserves | 133 | €135,802 | €208,144 | +€72,342 | +53.3% |
| Provisions and deferred taxes | 16 | €33,067 | €30,196 | -€2,871 | -8.7% |
| Deferred taxes | 168 | €33,067 | €30,196 | -€2,871 | -8.7% |
| Amounts payable | 17/49 | €665,438 | €507,387 | -€158,050 | -23.8% |
| Amounts payable after more than one year | 17 | €533,371 | €406,723 | -€126,648 | -23.7% |
| Financial debts | 170/4 | €489,762 | €404,223 | -€85,539 | -17.5% |
| Other amounts payable | 178/9 | €43,609 | €2,500 | -€41,109 | -94.3% |
| Amounts payable within one year | 42/48 | €113,547 | €99,864 | -€13,683 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €47,667 | €39,726 | -€7,942 | -16.7% |
| Financial debts | 43 | €1,894 | €20,904 | +€19,010 | +1003.7% |
| Credit institutions | 430/8 | €1,894 | €20,904 | +€19,010 | +1003.7% |
| Trade debts | 44 | €23,002 | €18,802 | -€4,200 | -18.3% |
| Suppliers | 440/4 | €23,002 | €18,802 | -€4,200 | -18.3% |
| Advances received on contracts in progress | 46 | €300 | €3,469 | +€3,169 | +1056.4% |
| Taxes, remuneration and social security | 45 | €25,938 | €16,963 | -€8,975 | -34.6% |
| Taxes | 450/3 | €25,938 | €16,963 | -€8,975 | -34.6% |
| Other amounts payable | 47/48 | €14,745 | €0 | -€14,745 | -100.0% |
| Accrued charges and deferred income | 492/3 | €18,520 | €800 | -€17,720 | -95.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,085 | €0 | +€1,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,566 | €60,653 | -€9,913 | -14.0% |
| Other operating charges | 640/8 | €6,875 | €10,583 | +€3,708 | +53.9% |
| Gross operating margin | 9900 | €154,232 | €182,523 | +€28,291 | +18.3% |
| Operating profit (loss) | 9901 | €77,876 | €111,287 | +€33,411 | +42.9% |
| Financial income | 75/76B | €72 | €2,693 | +€2,622 | +3666.5% |
| Recurring financial income | 75 | €72 | €2,693 | +€2,622 | +3666.5% |
| Financial charges | 65/66B | €9,271 | €19,084 | +€9,813 | +105.8% |
| Recurring financial charges | 65 | €9,271 | €19,084 | +€9,813 | +105.8% |
| Profit (loss) for the period before taxes | 9903 | €68,676 | €94,896 | +€26,220 | +38.2% |
| Transfer from deferred taxes | 780 | €2,311 | €2,871 | +€561 | +24.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €26,036 | €34,039 | +€8,003 | +30.7% |
| Profit (loss) for the period | 9904 | €44,951 | €63,729 | +€18,778 | +41.8% |
| Transfer from tax-exempt reserves | 789 | €6,932 | €8,614 | +€1,682 | +24.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €51,883 | €72,342 | +€20,460 | +39.4% |
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 12 October 2026 via checked.be.