IMMOLAN: 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.
IMMOLAN
Largest movements
- Cash +€36,794
up €36,794 (+243.5%), from €15,111 to €51,905
mainly Depreciation (+€33,714) and Current portion of long-term debt (+€14,541)
- Tangible fixed assets -€33,714
down €33,714 (-6.4%), from €526,233 to €492,519
- Debts after one year -€28,054
down €28,054 (-32.0%), from €87,561 to €59,507
- Current portion of long-term debt +€14,541
up €14,541 (+107.6%), from €13,513 to €28,054
- Profit (loss) carried forward +€12,185
up €12,185 (+7.1%), from €171,124 to €183,309
- Gross operating margin -€17,982
down €17,982 (-24.6%), from €73,083 to €55,101
- Taxes -€2,957
down €2,957 (-39.6%), from €7,476 to €4,520
- Financial charges +€758
up €758 (+72.4%), from €1,047 to €1,804
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 | €623,367 | €624,404 | +€1,037 | +0.2% |
| Fixed assets | 21/28 | €526,233 | €492,519 | -€33,714 | -6.4% |
| Tangible fixed assets | 22/27 | €526,233 | €492,519 | -€33,714 | -6.4% |
| Land and buildings | 22 | €526,233 | €492,519 | -€33,714 | -6.4% |
| Current assets | 29/58 | €97,134 | €131,885 | +€34,751 | +35.8% |
| Amounts receivable within one year | 40/41 | €2,043 | - | -€2,043 | |
| Trade receivables | 40 | €2,043 | - | -€2,043 | |
| Current investments | 50/53 | €79,980 | €79,980 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,111 | €51,905 | +€36,794 | +243.5% |
| Total equity and liabilities | 10/49 | €623,367 | €624,404 | +€1,037 | +0.2% |
| Equity | 10/15 | €375,269 | €383,438 | +€8,170 | +2.2% |
| Contributions | 10/11 | €86,800 | €86,800 | = | 0.0% |
| Reserves | 13 | €117,345 | €113,329 | -€4,015 | -3.4% |
| Non-distributable reserves | 130/1 | €15,315 | €15,315 | = | 0.0% |
| Other | 1319 | €15,315 | €15,315 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,350 | €89,335 | -€4,015 | -4.3% |
| Distributable reserves | 133 | €8,680 | €8,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,124 | €183,309 | +€12,185 | +7.1% |
| Provisions and deferred taxes | 16 | €55,666 | €54,328 | -€1,338 | -2.4% |
| Deferred taxes | 168 | €55,666 | €54,328 | -€1,338 | -2.4% |
| Amounts payable | 17/49 | €192,432 | €186,638 | -€5,794 | -3.0% |
| Amounts payable after more than one year | 17 | €87,561 | €59,507 | -€28,054 | -32.0% |
| Financial debts | 170/4 | €87,561 | €59,507 | -€28,054 | -32.0% |
| Amounts payable within one year | 42/48 | €104,871 | €127,131 | +€22,259 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €13,513 | €28,054 | +€14,541 | +107.6% |
| Trade debts | 44 | €2,069 | €2,267 | +€199 | +9.6% |
| Suppliers | 440/4 | €2,069 | €2,267 | +€199 | +9.6% |
| Taxes, remuneration and social security | 45 | €7,476 | €11,996 | +€4,520 | +60.4% |
| Taxes | 450/3 | €7,476 | €11,996 | +€4,520 | +60.4% |
| Other amounts payable | 47/48 | €81,813 | €84,813 | +€3,000 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,684 | €33,714 | +€31 | +0.1% |
| Other operating charges | 640/8 | €7,981 | €8,232 | +€250 | +3.1% |
| Gross operating margin | 9900 | €73,083 | €55,101 | -€17,982 | -24.6% |
| Operating profit (loss) | 9901 | €31,418 | €13,155 | -€18,263 | -58.1% |
| Financial charges | 65/66B | €1,047 | €1,804 | +€758 | +72.4% |
| Recurring financial charges | 65 | €1,047 | €1,804 | +€758 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €30,371 | €11,351 | -€19,021 | -62.6% |
| Transfer from deferred taxes | 780 | €5,354 | €5,354 | = | 0.0% |
| Income taxes | 67/77 | €7,476 | €4,520 | -€2,957 | -39.6% |
| Profit (loss) for the period | 9904 | €28,249 | €12,185 | -€16,064 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,249 | €12,185 | -€16,064 | -56.9% |
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 30 September 2026 via checked.be.