IMMOLAND: 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.
IMMOLAND
Largest movements
- Tangible fixed assets +€834,026
up €834,026 (+637.5%), from €130,822 to €964,848
- Receivables within one year +€422,147
up €422,147 (+40.4%), from €1.0m to €1.5m
of which Other amounts receivable: +€420,265
- Deferred charges and accrued income +€62,100
up €62,100 (+828.0%), from €7,500 to €69,600
- Debts after one year +€762,875
new in 2025: €762,875
- Reserves +€273,879
up €273,879 (+1955.3%), from €14,007 to €287,886
of which Tax-exempt reserves: +€273,879
- Other debts +€127,084
up €127,084 (+100.6%), from €126,278 to €253,362
- Provisions +€91,293
new in 2025: €91,293
- Current portion of long-term debt +€41,420
new in 2025: €41,420
- Gross operating margin +€436,878
up €436,878 (+2062.2%), from €21,185 to €458,063
- Financial charges +€26,269
up €26,269 (+50517.5%), from €52 to €26,321
- Depreciation +€25,419
up €25,419 (+150.9%), from €16,848 to €42,267
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 | €1,211,299 | €2,521,861 | +€1.3m | +108.2% |
| Fixed assets | 21/28 | €130,822 | €964,848 | +€834,026 | +637.5% |
| Tangible fixed assets | 22/27 | €130,822 | €964,848 | +€834,026 | +637.5% |
| Land and buildings | 22 | €130,822 | €964,848 | +€834,026 | +637.5% |
| Current assets | 29/58 | €1,080,477 | €1,557,013 | +€476,536 | +44.1% |
| Amounts receivable within one year | 40/41 | €1,046,201 | €1,468,348 | +€422,147 | +40.4% |
| Trade receivables | 40 | - | €1,883 | +€1,883 | |
| Other amounts receivable | 41 | €1,046,201 | €1,466,466 | +€420,265 | +40.2% |
| Cash at bank and in hand | 54/58 | €26,776 | €19,065 | -€7,711 | -28.8% |
| Deferred charges and accrued income | 490/1 | €7,500 | €69,600 | +€62,100 | +828.0% |
| Total equity and liabilities | 10/49 | €1,211,299 | €2,521,861 | +€1.3m | +108.2% |
| Equity | 10/15 | €1,078,225 | €1,367,283 | +€289,058 | +26.8% |
| Contributions | 10/11 | €198,315 | €198,315 | -€0 | 0.0% |
| Capital | 10 | €198,315 | €198,315 | -€0 | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | -€0 | 0.0% |
| Reserves | 13 | €14,007 | €287,886 | +€273,879 | +1955.3% |
| Non-distributable reserves | 130/1 | €14,007 | €14,007 | -€0 | 0.0% |
| Legal reserve | 130 | €14,007 | €14,007 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | - | €273,879 | +€273,879 | |
| Profit (loss) carried forward | 14 | €865,903 | €881,082 | +€15,179 | +1.8% |
| Provisions and deferred taxes | 16 | - | €91,293 | +€91,293 | |
| Deferred taxes | 168 | - | €91,293 | +€91,293 | |
| Amounts payable | 17/49 | €133,074 | €1,063,285 | +€930,211 | +699.0% |
| Amounts payable after more than one year | 17 | - | €762,875 | +€762,875 | |
| Financial debts | 170/4 | - | €762,875 | +€762,875 | |
| Amounts payable within one year | 42/48 | €133,074 | €300,410 | +€167,336 | +125.7% |
| Current portion of amounts payable after more than one year | 42 | - | €41,420 | +€41,420 | |
| Trade debts | 44 | €6,796 | €5,629 | -€1,167 | -17.2% |
| Suppliers | 440/4 | €6,796 | €5,629 | -€1,167 | -17.2% |
| Other amounts payable | 47/48 | €126,278 | €253,362 | +€127,084 | +100.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,848 | €42,267 | +€25,419 | +150.9% |
| Other operating charges | 640/8 | €7,683 | €9,127 | +€1,444 | +18.8% |
| Gross operating margin | 9900 | €21,185 | €458,063 | +€436,878 | +2062.2% |
| Operating profit (loss) | 9901 | -€3,346 | €406,669 | +€410,015 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €52 | €26,321 | +€26,269 | +50517.5% |
| Recurring financial charges | 65 | €52 | €26,321 | +€26,269 | +50517.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,398 | €380,351 | +€383,749 | |
| Transfer from deferred taxes | 780 | - | €1,455 | +€1,455 | |
| Transfer to deferred taxes | 680 | - | €92,748 | +€92,748 | |
| Profit (loss) for the period | 9904 | -€3,398 | €289,058 | +€292,456 | |
| Transfer from tax-exempt reserves | 789 | - | €4,366 | +€4,366 | |
| Transfer to tax-exempt reserves | 689 | - | €278,245 | +€278,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,398 | €15,179 | +€18,577 |
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 9 October 2026 via checked.be.