IMMOLABEL: 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.
IMMOLABEL
Largest movements
- Current investments +€89,543
new in 2025: €89,543
- Cash -€88,558
down €88,558 (-59.1%), from €149,752 to €61,194
mainly Current investments (-€89,543) and Net result for the year (-€7,671)
- Receivables within one year -€10,361
down €10,361 (-95.3%), from €10,870 to €509
of which Trade receivables: -€10,482
- Tangible fixed assets -€2,300
no longer reported in 2025 (was €2,300)
of which Land and buildings: -€1,387
- Profit (loss) carried forward -€7,671
down €7,671 (-6.7%), from €113,854 to €106,183
- Tax, wage and social debts -€6,041
down €6,041 (-96.7%), from €6,246 to €205
of which Taxes: -€3,107
- Purchases and services -€61,866
no longer reported in 2025 (was €61,866)
- Turnover -€48,543
no longer reported in 2025 (was €48,543)
- Financial charges -€3,329
down €3,329 (-95.5%), from €3,486 to €157
- Gross operating margin +€3,199
up €3,199 (+31.6%), from -€10,129 to -€6,930
- Other operating charges -€1,160
down €1,160 (-51.7%), from €2,243 to €1,083
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 | €200,577 | €187,317 | -€13,259 | -6.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,300 | - | -€2,300 | |
| Tangible fixed assets | 22/27 | €2,300 | - | -€2,300 | |
| Land and buildings | 22 | €1,387 | - | -€1,387 | |
| Plant, machinery and equipment | 23 | €913 | - | -€913 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €198,277 | €187,317 | -€10,960 | -5.5% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,870 | €509 | -€10,361 | -95.3% |
| Trade receivables | 40 | €10,869 | €386 | -€10,482 | -96.4% |
| Other amounts receivable | 41 | €1 | €122 | +€121 | +8701.4% |
| Current investments | 50/53 | - | €89,543 | +€89,543 | |
| Cash at bank and in hand | 54/58 | €149,752 | €61,194 | -€88,558 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,655 | €72 | -€1,583 | -95.6% |
| Total equity and liabilities | 10/49 | €200,577 | €187,317 | -€13,259 | -6.6% |
| Equity | 10/15 | €182,025 | €174,354 | -€7,671 | -4.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,854 | €106,183 | -€7,671 | -6.7% |
| Amounts payable | 17/49 | €18,552 | €12,963 | -€5,589 | -30.1% |
| Amounts payable within one year | 42/48 | €18,552 | €12,963 | -€5,589 | -30.1% |
| Trade debts | 44 | €183 | €163 | -€20 | -10.7% |
| Suppliers | 440/4 | €183 | €163 | -€20 | -10.7% |
| Taxes, remuneration and social security | 45 | €6,246 | €205 | -€6,041 | -96.7% |
| Taxes | 450/3 | €3,312 | €205 | -€3,107 | -93.8% |
| Remuneration and social security | 454/9 | €2,934 | - | -€2,934 | |
| Other amounts payable | 47/48 | €12,123 | €12,595 | +€472 | +3.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €48,543 | - | -€48,543 | |
| Non-recurring operating income | 76A | - | €3,285 | +€3,285 | |
| Goods, raw materials, services and sundry goods | 60/61 | €61,866 | - | -€61,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,329 | €1,150 | -€179 | -13.5% |
| Other operating charges | 640/8 | €2,243 | €1,083 | -€1,160 | -51.7% |
| Gross operating margin | 9900 | -€10,129 | -€6,930 | +€3,199 | +31.6% |
| Operating profit (loss) | 9901 | -€13,701 | -€9,163 | +€4,537 | +33.1% |
| Financial income | 75/76B | €1,535 | €1,887 | +€352 | +22.9% |
| Recurring financial income | 75 | €1,535 | €1,887 | +€352 | +22.9% |
| Financial charges | 65/66B | €3,486 | €157 | -€3,329 | -95.5% |
| Recurring financial charges | 65 | €3,486 | €157 | -€3,329 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,651 | -€7,433 | +€8,219 | +52.5% |
| Income taxes | 67/77 | €225 | €238 | +€13 | +5.6% |
| Profit (loss) for the period | 9904 | -€15,877 | -€7,671 | +€8,206 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,877 | -€7,671 | +€8,206 | +51.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.