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.
What changed
IMMOLA
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,513
2024 · €13,476-€1,963
Equity
€175,619
2024 · €164,106+€11,513
Cash
€28,385
2024 · €27,386+€1,000
Balance sheet total
€1.1m
2024 · €1.1m-€28,317
Largest movements
Assets
- Tangible fixed assets -€32,890
down €32,890 (-3.4%), from €960,012 to €927,122
Equity and liabilities
- Debts after one year -€49,008
down €49,008 (-9.1%), from €536,475 to €487,467
- Profit (loss) carried forward +€15,626
up €15,626 (+19.3%), from €81,138 to €96,765
Income statement
- Gross operating margin -€3,264
down €3,264 (-4.3%), from €75,579 to €72,315
- Financial charges -€794
down €794 (-4.0%), from €19,991 to €19,196
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.
Result 2024
€13,476
Gross operating margin
-€3,264
Other operating charges
-€147
Financial charges
+€794
Taxes
+€654
Result 2025
€11,513
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.
From operations
+€49,666
Investment
€0
Financing
-€48,666
Cash 2024
€27,386
From operations (derived)
+€49,666
Net result for the year
+€11,513
Depreciation
+€32,890
Receivables within one year
-€3,558
Deferred charges and accrued income
-€15
Provisions
-€1,371
Trade debts
+€1,877
Other debts
+€2,312
Accrued charges and deferred income
+€6,018
Financing
-€48,666
Debts after one year
-€49,008
Current portion of long-term debt
+€342
Cash 2025
€28,385
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,089,029 | €1,060,712 | -€28,317 | -2.6% |
| Fixed assets | 21/28 | €1,060,012 | €1,027,122 | -€32,890 | -3.1% |
| Tangible fixed assets | 22/27 | €960,012 | €927,122 | -€32,890 | -3.4% |
| Land and buildings | 22 | €960,012 | €927,122 | -€32,890 | -3.4% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €29,017 | €33,589 | +€4,573 | +15.8% |
| Amounts receivable within one year | 40/41 | €1,137 | €4,695 | +€3,558 | +313.0% |
| Trade receivables | 40 | - | €3,904 | +€3,904 | |
| Other amounts receivable | 41 | €1,137 | €791 | -€346 | -30.4% |
| Cash at bank and in hand | 54/58 | €27,386 | €28,385 | +€1,000 | +3.7% |
| Deferred charges and accrued income | 490/1 | €494 | €509 | +€15 | +2.9% |
| Total equity and liabilities | 10/49 | €1,089,029 | €1,060,712 | -€28,317 | -2.6% |
| Equity | 10/15 | €164,106 | €175,619 | +€11,513 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,368 | €60,255 | -€4,113 | -6.4% |
| Tax-exempt reserves | 132 | €27,402 | €23,288 | -€4,113 | -15.0% |
| Distributable reserves | 133 | €36,967 | €36,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,138 | €96,765 | +€15,626 | +19.3% |
| Provisions and deferred taxes | 16 | €9,134 | €7,763 | -€1,371 | -15.0% |
| Deferred taxes | 168 | €9,134 | €7,763 | -€1,371 | -15.0% |
| Amounts payable | 17/49 | €915,789 | €877,330 | -€38,459 | -4.2% |
| Amounts payable after more than one year | 17 | €536,475 | €487,467 | -€49,008 | -9.1% |
| Financial debts | 170/4 | €536,475 | €487,467 | -€49,008 | -9.1% |
| Amounts payable within one year | 42/48 | €379,314 | €383,845 | +€4,531 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €48,666 | €49,008 | +€342 | +0.7% |
| Trade debts | 44 | €1,874 | €3,751 | +€1,877 | +100.2% |
| Suppliers | 440/4 | €1,874 | €3,751 | +€1,877 | +100.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €328,774 | €331,085 | +€2,312 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €6,018 | +€6,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,890 | €32,890 | = | 0.0% |
| Other operating charges | 640/8 | €4,731 | €4,878 | +€147 | +3.1% |
| Gross operating margin | 9900 | €75,579 | €72,315 | -€3,264 | -4.3% |
| Operating profit (loss) | 9901 | €37,959 | €34,547 | -€3,411 | -9.0% |
| Financial charges | 65/66B | €19,991 | €19,196 | -€794 | -4.0% |
| Recurring financial charges | 65 | €19,991 | €19,196 | -€794 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €17,968 | €15,351 | -€2,617 | -14.6% |
| Transfer from deferred taxes | 780 | €1,371 | €1,371 | = | 0.0% |
| Income taxes | 67/77 | €5,863 | €5,209 | -€654 | -11.2% |
| Profit (loss) for the period | 9904 | €13,476 | €11,513 | -€1,963 | -14.6% |
| Transfer from tax-exempt reserves | 789 | €4,113 | €4,113 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,589 | €15,626 | -€1,963 | -11.2% |
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 11 October 2026 via checked.be.