IMMOLANN: 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.
IMMOLANN
Largest movements
- Tangible fixed assets -€127,589
down €127,589 (-4.3%), from €2.9m to €2.8m
of which Land and buildings: -€121,357
- Cash -€39,354
down €39,354 (-36.7%), from €107,182 to €67,828
mainly Debts after one year (-€345,000) and Provisions (-€82)
- Debts after one year -€345,000
down €345,000 (-18.2%), from €1.9m to €1.6m
- Reserves +€141,424
up €141,424 (+12.8%), from €1.1m to €1.2m
of which Distributable reserves: +€141,582
- Depreciation -€18,823
down €18,823 (-12.9%), from €146,412 to €127,589
- Gross operating margin +€9,199
up €9,199 (+2.7%), from €335,517 to €344,716
- Taxes +€6,379
up €6,379 (+15.1%), from €42,172 to €48,551
- Other operating charges +€3,729
up €3,729 (+13.9%), from €26,894 to €30,623
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 | €3,090,177 | €2,917,724 | -€172,453 | -5.6% |
| Fixed assets | 21/28 | €2,940,793 | €2,813,204 | -€127,589 | -4.3% |
| Tangible fixed assets | 22/27 | €2,940,793 | €2,813,204 | -€127,589 | -4.3% |
| Land and buildings | 22 | €2,640,535 | €2,519,178 | -€121,357 | -4.6% |
| Furniture and vehicles | 24 | €26,735 | €20,503 | -€6,232 | -23.3% |
| Other tangible fixed assets | 26 | €273,523 | €273,523 | = | 0.0% |
| Current assets | 29/58 | €149,384 | €104,520 | -€44,864 | -30.0% |
| Amounts receivable within one year | 40/41 | €39,567 | €36,692 | -€2,875 | -7.3% |
| Trade receivables | 40 | €39,567 | €36,592 | -€2,975 | -7.5% |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €107,182 | €67,828 | -€39,354 | -36.7% |
| Deferred charges and accrued income | 490/1 | €2,635 | - | -€2,635 | |
| Total equity and liabilities | 10/49 | €3,090,177 | €2,917,724 | -€172,453 | -5.6% |
| Equity | 10/15 | €1,163,575 | €1,304,999 | +€141,424 | +12.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,101,602 | €1,243,026 | +€141,424 | +12.8% |
| Tax-exempt reserves | 132 | €56,725 | €56,567 | -€158 | -0.3% |
| Distributable reserves | 133 | €1,044,877 | €1,186,459 | +€141,582 | +13.6% |
| Provisions and deferred taxes | 16 | €245 | €163 | -€82 | -33.5% |
| Deferred taxes | 168 | €245 | €163 | -€82 | -33.5% |
| Amounts payable | 17/49 | €1,926,357 | €1,612,562 | -€313,795 | -16.3% |
| Amounts payable after more than one year | 17 | €1,900,000 | €1,555,000 | -€345,000 | -18.2% |
| Financial debts | 170/4 | €1,900,000 | €1,555,000 | -€345,000 | -18.2% |
| Amounts payable within one year | 42/48 | €26,357 | €57,562 | +€31,205 | +118% |
| Trade debts | 44 | €170 | €2,306 | +€2,136 | +1,256% |
| Suppliers | 440/4 | €170 | €2,306 | +€2,136 | +1,256% |
| Taxes, remuneration and social security | 45 | €3,701 | €10,727 | +€7,026 | +190% |
| Taxes | 450/3 | €3,701 | €10,727 | +€7,026 | +190% |
| Other amounts payable | 47/48 | €22,486 | €44,529 | +€22,043 | +98.0% |
| Remuneration, social security and pensions | 62 | €1,656 | - | -€1,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,412 | €127,589 | -€18,823 | -12.9% |
| Other operating charges | 640/8 | €26,894 | €30,623 | +€3,729 | +13.9% |
| Gross operating margin | 9900 | €335,517 | €344,716 | +€9,199 | +2.7% |
| Operating profit (loss) | 9901 | €160,555 | €186,504 | +€25,949 | +16.2% |
| Financial income | 75/76B | €5,569 | €3,446 | -€2,123 | -38.1% |
| Recurring financial income | 75 | €4,172 | €951 | -€3,221 | -77.2% |
| Non-recurring financial income | 76B | €1,397 | €2,495 | +€1,098 | +78.6% |
| Financial charges | 65/66B | €56 | €57 | +€1 | +1.8% |
| Recurring financial charges | 65 | €56 | €57 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €166,068 | €189,893 | +€23,825 | +14.3% |
| Transfer from deferred taxes | 780 | €82 | €82 | = | 0.0% |
| Income taxes | 67/77 | €42,172 | €48,551 | +€6,379 | +15.1% |
| Profit (loss) for the period | 9904 | €123,978 | €141,424 | +€17,446 | +14.1% |
| Transfer from tax-exempt reserves | 789 | €158 | €158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €124,136 | €141,582 | +€17,446 | +14.1% |
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 18 October 2026 via checked.be.