IMMOL: 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.
What changed
IMMOL
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€192,552
2023 · €161,184+€31,367
Equity
€1.5m
2023 · €1.4m+€192,552
Cash
€77,758
2023 · €38,530+€39,228
Balance sheet total
€7.0m
2023 · €7.4m-€316,654
Largest movements
Assets
- Tangible fixed assets -€257,365
down €257,365 (-3.6%), from €7.2m to €6.9m
of which Land and buildings: -€165,853
Equity and liabilities
- Debts after one year -€515,403
down €515,403 (-11.0%), from €4.7m to €4.2m
- Other debts +€329,346
up €329,346 (+180.3%), from €182,681 to €512,027
- Profit (loss) carried forward +€218,885
up €218,885 (+91.1%), from €240,260 to €459,145
- Trade debts -€215,274
down €215,274 (-93.4%), from €230,478 to €15,203
- Advances received -€80,000
no longer reported in 2024 (was €80,000)
Income statement
- Gross operating margin +€83,141
up €83,141 (+10.4%), from €796,021 to €879,162
- Depreciation +€32,638
up €32,638 (+9.2%), from €355,994 to €388,631
- Other operating charges +€15,368
up €15,368 (+17.6%), from €87,562 to €102,930
- Taxes +€11,788
up €11,788 (+17.7%), from €66,494 to €78,283
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.
Result 2023
€161,184
Gross operating margin
+€83,141
Depreciation
-€32,638
Other operating charges
-€15,368
Other operating items
+€1,483
Financial income
+€464
Financial charges
+€6,074
Taxes
-€11,788
Result 2024
€192,552
Cash bridge derived
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.
From operations
+€716,825
Investment
-€131,266
Financing
-€546,331
Cash 2023
€38,530
From operations (derived)
+€716,825
Net result for the year
+€192,552
Depreciation
+€388,631
Receivables within one year
+€62,392
Deferred charges and accrued income
+€36,124
Provisions
-€10,907
Trade debts
-€215,274
Tax, wage and social debts
+€12,388
Advances received
-€80,000
Other debts
+€329,346
Accrued charges and deferred income
+€1,573
Investment (derived)
-€131,266
Investment in fixed assets (net)
-€131,266
Financing
-€546,331
Debts after one year
-€515,403
Current portion of long-term debt
-€30,933
Short-term financial debts
+€5
Cash 2024
€77,758
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,358,848 | €7,042,194 | -€316,654 | -4.3% |
| Fixed assets | 21/28 | €7,181,006 | €6,923,640 | -€257,365 | -3.6% |
| Tangible fixed assets | 22/27 | €7,181,006 | €6,923,640 | -€257,365 | -3.6% |
| Land and buildings | 22 | €6,194,018 | €6,028,166 | -€165,853 | -2.7% |
| Plant, machinery and equipment | 23 | €430,304 | €391,332 | -€38,972 | -9.1% |
| Furniture and vehicles | 24 | €65,172 | €58,001 | -€7,171 | -11.0% |
| Leasing and similar rights | 25 | €491,512 | €446,142 | -€45,370 | -9.2% |
| Current assets | 29/58 | €177,842 | €118,554 | -€59,289 | -33.3% |
| Amounts receivable within one year | 40/41 | €100,293 | €37,901 | -€62,392 | -62.2% |
| Trade receivables | 40 | €62,091 | €37,135 | -€24,956 | -40.2% |
| Other amounts receivable | 41 | €38,202 | €766 | -€37,436 | -98.0% |
| Cash at bank and in hand | 54/58 | €38,530 | €77,758 | +€39,228 | +101.8% |
| Deferred charges and accrued income | 490/1 | €39,020 | €2,895 | -€36,124 | -92.6% |
| Total equity and liabilities | 10/49 | €7,358,848 | €7,042,194 | -€316,654 | -4.3% |
| Equity | 10/15 | €1,354,883 | €1,547,434 | +€192,552 | +14.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €614,623 | €588,289 | -€26,334 | -4.3% |
| Non-distributable reserves | 130/1 | €43,612 | €50,000 | +€6,388 | +14.6% |
| Legal reserve | 130 | €43,612 | €50,000 | +€6,388 | +14.6% |
| Tax-exempt reserves | 132 | €571,011 | €538,289 | -€32,722 | -5.7% |
| Profit (loss) carried forward | 14 | €240,260 | €459,145 | +€218,885 | +91.1% |
| Provisions and deferred taxes | 16 | €190,337 | €179,430 | -€10,907 | -5.7% |
| Deferred taxes | 168 | €190,337 | €179,430 | -€10,907 | -5.7% |
| Amounts payable | 17/49 | €5,813,629 | €5,315,330 | -€498,298 | -8.6% |
| Amounts payable after more than one year | 17 | €4,668,013 | €4,152,610 | -€515,403 | -11.0% |
| Financial debts | 170/4 | €4,668,013 | €4,152,610 | -€515,403 | -11.0% |
| Amounts payable within one year | 42/48 | €1,092,688 | €1,108,220 | +€15,532 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €559,495 | €528,562 | -€30,933 | -5.5% |
| Financial debts | 43 | €13,541 | €13,546 | +€5 | 0.0% |
| Credit institutions | 430/8 | €13,541 | €13,546 | +€5 | 0.0% |
| Trade debts | 44 | €230,478 | €15,203 | -€215,274 | -93.4% |
| Suppliers | 440/4 | €230,478 | €15,203 | -€215,274 | -93.4% |
| Advances received on contracts in progress | 46 | €80,000 | - | -€80,000 | |
| Taxes, remuneration and social security | 45 | €26,494 | €38,883 | +€12,388 | +46.8% |
| Taxes | 450/3 | €26,494 | €38,883 | +€12,388 | +46.8% |
| Other amounts payable | 47/48 | €182,681 | €512,027 | +€329,346 | +180.3% |
| Accrued charges and deferred income | 492/3 | €52,927 | €54,500 | +€1,573 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,994 | €388,631 | +€32,638 | +9.2% |
| Other operating charges | 640/8 | €87,562 | €102,930 | +€15,368 | +17.6% |
| Non-recurring operating charges | 66A | €1,483 | - | -€1,483 | |
| Gross operating margin | 9900 | €796,021 | €879,162 | +€83,141 | +10.4% |
| Operating profit (loss) | 9901 | €350,982 | €387,600 | +€36,618 | +10.4% |
| Financial income | 75/76B | €5,239 | €5,702 | +€464 | +8.9% |
| Recurring financial income | 75 | €5,239 | €5,702 | +€464 | +8.9% |
| Financial charges | 65/66B | €139,450 | €133,376 | -€6,074 | -4.4% |
| Recurring financial charges | 65 | €139,450 | €133,376 | -€6,074 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €216,771 | €259,927 | +€43,156 | +19.9% |
| Transfer from deferred taxes | 780 | €10,907 | €10,907 | = | 0.0% |
| Income taxes | 67/77 | €66,494 | €78,283 | +€11,788 | +17.7% |
| Profit (loss) for the period | 9904 | €161,184 | €192,552 | +€31,367 | +19.5% |
| Transfer from tax-exempt reserves | 789 | €32,722 | €32,722 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €193,906 | €225,273 | +€31,367 | +16.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.