IMMOLAND: 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.
IMMOLAND
Largest movements
- Receivables after one year +€48,000
new in 2025: €48,000
- Receivables within one year +€15,297
up €15,297 (+182.3%), from €8,393 to €23,689
of which Other amounts receivable: +€9,732
- Cash -€14,308
down €14,308 (-16.6%), from €86,335 to €72,027
mainly Investment in fixed assets (net) (-€56,306) and Receivables after one year (-€48,000)
- Reserves +€44,231
up €44,231 (+5.6%), from €796,682 to €840,914
of which Distributable reserves: +€50,195
- Gross operating margin +€20,508
up €20,508 (+17.7%), from €115,947 to €136,455
- Depreciation +€8,960
up €8,960 (+17.2%), from €52,129 to €61,088
- Taxes +€7,934
up €7,934 (+50.9%), from €15,580 to €23,513
- Other operating charges -€1,390
down €1,390 (-14.8%), from €9,387 to €7,996
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 | €959,592 | €1,003,936 | +€44,344 | +4.6% |
| Fixed assets | 21/28 | €862,123 | €857,341 | -€4,782 | -0.6% |
| Tangible fixed assets | 22/27 | €862,123 | €857,341 | -€4,782 | -0.6% |
| Land and buildings | 22 | €809,460 | €777,648 | -€31,811 | -3.9% |
| Furniture and vehicles | 24 | €52,663 | €79,692 | +€27,029 | +51.3% |
| Current assets | 29/58 | €97,468 | €146,595 | +€49,126 | +50.4% |
| Amounts receivable after more than one year | 29 | - | €48,000 | +€48,000 | |
| Other amounts receivable | 291 | - | €48,000 | +€48,000 | |
| Amounts receivable within one year | 40/41 | €8,393 | €23,689 | +€15,297 | +182.3% |
| Trade receivables | 40 | €6,126 | €11,690 | +€5,565 | +90.8% |
| Other amounts receivable | 41 | €2,267 | €11,999 | +€9,732 | +429.3% |
| Cash at bank and in hand | 54/58 | €86,335 | €72,027 | -€14,308 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,741 | €2,879 | +€138 | +5.0% |
| Total equity and liabilities | 10/49 | €959,592 | €1,003,936 | +€44,344 | +4.6% |
| Equity | 10/15 | €876,682 | €920,914 | +€44,231 | +5.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €796,682 | €840,914 | +€44,231 | +5.6% |
| Non-distributable reserves | 130/1 | €18,043 | €18,043 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,043 | €10,043 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,475 | €164,511 | -€5,964 | -3.5% |
| Distributable reserves | 133 | €608,164 | €658,359 | +€50,195 | +8.3% |
| Provisions and deferred taxes | 16 | €56,362 | €54,374 | -€1,988 | -3.5% |
| Deferred taxes | 168 | €56,362 | €54,374 | -€1,988 | -3.5% |
| Amounts payable | 17/49 | €26,547 | €28,648 | +€2,101 | +7.9% |
| Amounts payable within one year | 42/48 | €23,932 | €27,243 | +€3,311 | +13.8% |
| Trade debts | 44 | €3,126 | €6,080 | +€2,954 | +94.5% |
| Suppliers | 440/4 | €3,126 | €6,080 | +€2,954 | +94.5% |
| Taxes, remuneration and social security | 45 | €3,717 | €11,473 | +€7,756 | +208.7% |
| Taxes | 450/3 | €3,717 | €11,473 | +€7,756 | +208.7% |
| Other amounts payable | 47/48 | €17,089 | €9,689 | -€7,400 | -43.3% |
| Accrued charges and deferred income | 492/3 | €2,615 | €1,405 | -€1,210 | -46.3% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,129 | €61,088 | +€8,960 | +17.2% |
| Other operating charges | 640/8 | €9,387 | €7,996 | -€1,390 | -14.8% |
| Gross operating margin | 9900 | €115,947 | €136,455 | +€20,508 | +17.7% |
| Operating profit (loss) | 9901 | €54,432 | €67,370 | +€12,938 | +23.8% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1701.8% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1701.8% |
| Financial charges | 65/66B | €2,836 | €1,634 | -€1,202 | -42.4% |
| Recurring financial charges | 65 | €2,836 | €1,634 | -€1,202 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €51,597 | €65,756 | +€14,160 | +27.4% |
| Transfer from deferred taxes | 780 | €1,988 | €1,988 | +€0 | 0.0% |
| Income taxes | 67/77 | €15,580 | €23,513 | +€7,934 | +50.9% |
| Profit (loss) for the period | 9904 | €38,005 | €44,231 | +€6,226 | +16.4% |
| Transfer from tax-exempt reserves | 789 | €5,964 | €5,964 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,969 | €50,195 | +€6,226 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.