IMMOLAERS: 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.
IMMOLAERS
Largest movements
- Tangible fixed assets -€21,762
down €21,762 (-3.7%), from €583,608 to €561,847
of which Land and buildings: -€21,643
- Debts after one year -€37,380
down €37,380 (-7.3%), from €512,839 to €475,459
- Reserves +€12,935
up €12,935 (+60.3%), from €21,462 to €34,397
- Gross operating margin +€5,484
up €5,484 (+11.4%), from €47,968 to €53,452
- Taxes +€1,664
up €1,664 (+85.7%), from €1,942 to €3,606
- Other operating charges -€956
down €956 (-68.0%), from €1,405 to €449
- Depreciation +€743
up €743 (+2.7%), from €27,051 to €27,794
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 | €588,262 | €565,725 | -€22,537 | -3.8% |
| Formation expenses | 20 | €1,178 | €670 | -€508 | -43.1% |
| Fixed assets | 21/28 | €583,608 | €561,847 | -€21,762 | -3.7% |
| Tangible fixed assets | 22/27 | €583,608 | €561,847 | -€21,762 | -3.7% |
| Land and buildings | 22 | €581,492 | €559,850 | -€21,643 | -3.7% |
| Plant, machinery and equipment | 23 | €2,116 | €1,997 | -€119 | -5.6% |
| Current assets | 29/58 | €3,476 | €3,209 | -€267 | -7.7% |
| Amounts receivable within one year | 40/41 | €959 | €1,066 | +€107 | +11.2% |
| Trade receivables | 40 | €959 | €1,066 | +€107 | +11.2% |
| Cash at bank and in hand | 54/58 | €2,256 | €1,863 | -€394 | -17.4% |
| Deferred charges and accrued income | 490/1 | €260 | €280 | +€20 | +7.6% |
| Total equity and liabilities | 10/49 | €588,262 | €565,725 | -€22,537 | -3.8% |
| Equity | 10/15 | €23,962 | €36,897 | +€12,935 | +54.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,462 | €34,397 | +€12,935 | +60.3% |
| Distributable reserves | 133 | €21,462 | €34,397 | +€12,935 | +60.3% |
| Amounts payable | 17/49 | €564,299 | €528,828 | -€35,471 | -6.3% |
| Amounts payable after more than one year | 17 | €512,839 | €475,459 | -€37,380 | -7.3% |
| Financial debts | 170/4 | €512,839 | €475,459 | -€37,380 | -7.3% |
| Amounts payable within one year | 42/48 | €49,229 | €51,114 | +€1,885 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €40,169 | €40,833 | +€664 | +1.7% |
| Trade debts | 44 | €2,343 | €1,331 | -€1,012 | -43.2% |
| Suppliers | 440/4 | €2,343 | €1,331 | -€1,012 | -43.2% |
| Taxes, remuneration and social security | 45 | €1,942 | €3,606 | +€1,664 | +85.7% |
| Taxes | 450/3 | €1,942 | €3,606 | +€1,664 | +85.7% |
| Other amounts payable | 47/48 | €4,775 | €5,345 | +€569 | +11.9% |
| Accrued charges and deferred income | 492/3 | €2,231 | €2,255 | +€24 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,051 | €27,794 | +€743 | +2.7% |
| Other operating charges | 640/8 | €1,405 | €449 | -€956 | -68.0% |
| Gross operating margin | 9900 | €47,968 | €53,452 | +€5,484 | +11.4% |
| Operating profit (loss) | 9901 | €19,512 | €25,209 | +€5,697 | +29.2% |
| Financial charges | 65/66B | €9,056 | €8,668 | -€388 | -4.3% |
| Recurring financial charges | 65 | €9,056 | €8,668 | -€388 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €10,456 | €16,541 | +€6,085 | +58.2% |
| Income taxes | 67/77 | €1,942 | €3,606 | +€1,664 | +85.7% |
| Profit (loss) for the period | 9904 | €8,514 | €12,935 | +€4,421 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,514 | €12,935 | +€4,421 | +51.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.