IMMOLA: 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.
IMMOLA
Largest movements
- Cash +€352,345
up €352,345 (+214%), from €164,900 to €517,246
mainly Net result for the year (+€403,811) and Tax, wage and social debts (+€42,243)
- Tangible fixed assets +€70,185
up €70,185 (+12.4%), from €567,527 to €637,712
of which Land and buildings: +€62,926
- Reserves +€403,811
up €403,811 (+25.3%), from €1.6m to €2.0m
of which Distributable reserves: +€403,811
- Tax, wage and social debts +€42,243
up €42,243 (+262%), from €16,132 to €58,375
- Gross operating margin +€156,763
up €156,763 (+33.1%), from €473,182 to €629,946
- Taxes +€55,811
up €55,811 (+40.2%), from €138,754 to €194,565
- Depreciation -€20,267
down €20,267 (-40.0%), from €50,701 to €30,434
- Financial income -€7,827
down €7,827 (-42.0%), from €18,651 to €10,824
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 | €1,741,669 | €2,187,125 | +€445,456 | +25.6% |
| Fixed assets | 21/28 | €567,527 | €637,712 | +€70,185 | +12.4% |
| Tangible fixed assets | 22/27 | €567,527 | €637,712 | +€70,185 | +12.4% |
| Land and buildings | 22 | €550,062 | €612,988 | +€62,926 | +11.4% |
| Plant, machinery and equipment | 23 | €11,300 | €24,724 | +€13,424 | +119% |
| Furniture and vehicles | 24 | €6,165 | - | -€6,165 | |
| Current assets | 29/58 | €1,174,142 | €1,549,414 | +€375,272 | +32.0% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €395,891 | €410,640 | +€14,749 | +3.7% |
| Trade receivables | 40 | €348,886 | €362,954 | +€14,068 | +4.0% |
| Other amounts receivable | 41 | €47,005 | €47,686 | +€681 | +1.4% |
| Current investments | 50/53 | €607,084 | €615,634 | +€8,550 | +1.4% |
| Cash at bank and in hand | 54/58 | €164,900 | €517,246 | +€352,345 | +214% |
| Deferred charges and accrued income | 490/1 | €5,766 | €5,394 | -€372 | -6.5% |
| Total equity and liabilities | 10/49 | €1,741,669 | €2,187,125 | +€445,456 | +25.6% |
| Equity | 10/15 | €1,695,697 | €2,099,508 | +€403,811 | +23.8% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,596,129 | €1,999,940 | +€403,811 | +25.3% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €1,586,213 | €1,990,025 | +€403,811 | +25.5% |
| Profit (loss) carried forward | 14 | €410 | €410 | = | 0.0% |
| Amounts payable | 17/49 | €45,972 | €87,617 | +€41,645 | +90.6% |
| Amounts payable within one year | 42/48 | €45,972 | €87,617 | +€41,645 | +90.6% |
| Trade debts | 44 | €7,116 | €6,518 | -€598 | -8.4% |
| Suppliers | 440/4 | €7,116 | €6,518 | -€598 | -8.4% |
| Taxes, remuneration and social security | 45 | €16,132 | €58,375 | +€42,243 | +262% |
| Taxes | 450/3 | €16,132 | €58,375 | +€42,243 | +262% |
| Other amounts payable | 47/48 | €22,724 | €22,724 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,701 | €30,434 | -€20,267 | -40.0% |
| Other operating charges | 640/8 | €12,591 | €11,882 | -€709 | -5.6% |
| Gross operating margin | 9900 | €473,182 | €629,946 | +€156,763 | +33.1% |
| Operating profit (loss) | 9901 | €409,890 | €587,629 | +€177,739 | +43.4% |
| Financial income | 75/76B | €18,651 | €10,824 | -€7,827 | -42.0% |
| Recurring financial income | 75 | €18,651 | €10,824 | -€7,827 | -42.0% |
| Financial charges | 65/66B | €74 | €77 | +€3 | +4.1% |
| Recurring financial charges | 65 | €74 | €77 | +€3 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €428,467 | €598,376 | +€169,909 | +39.7% |
| Income taxes | 67/77 | €138,754 | €194,565 | +€55,811 | +40.2% |
| Profit (loss) for the period | 9904 | €289,713 | €403,811 | +€114,098 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €289,713 | €403,811 | +€114,098 | +39.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.