IMMOLAROUE: 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.
What changed
IMMOLAROUE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€313,198
2024 · -€280,003-€33,195
Equity
€980,819
2024 · €1.3m-€313,198
Cash
€13,423
2024 · €12,087+€1,336
Balance sheet total
€2.6m
2024 · €2.3m+€285,478
Largest movements
Assets
- Tangible fixed assets +€283,878
up €283,878 (+13.7%), from €2.1m to €2.4m
of which Land and buildings: +€284,624
Equity and liabilities
- Other debts +€602,683
up €602,683 (+71.9%), from €837,782 to €1.4m
- Profit (loss) carried forward -€313,198
down €313,198 (-10.8%), from -€2.9m to -€3.2m
Income statement
- Services and other goods +€9,698
up €9,698 (+13.0%), from €74,722 to €84,420
- Financial charges +€8,952
up €8,952 (+49.0%), from €18,268 to €27,220
- Other operating charges +€8,229
up €8,229 (+5.9%), from €138,390 to €146,619
- Other operating income -€2,401
down €2,401 (-50.1%), from €4,789 to €2,388
- Turnover -€2,000
down €2,000 (-9.7%), from €20,565 to €18,565
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.
Result 2024
-€280,003
Turnover
-€2,000
Other operating income
-€2,401
Services and other goods
-€9,698
Staff costs
-€931
Depreciation
-€1,004
Other operating charges
-€8,229
Financial income
+€20
Financial charges
-€8,952
Result 2025
-€313,198
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.
From operations
+€338,239
Investment
-€336,903
Financing
€0
Cash 2024
€12,087
From operations (derived)
+€338,239
Net result for the year
-€313,198
Depreciation
+€53,026
Stocks and contracts
-€18,718
Receivables within one year
+€16,503
Deferred charges and accrued income
+€1,950
Trade debts
-€2,502
Tax, wage and social debts
-€1,505
Other debts
+€602,683
Investment (derived)
-€336,903
Investment in fixed assets (net)
-€336,903
Cash 2025
€13,423
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,271,857 | €2,557,335 | +€285,478 | +12.6% |
| Fixed assets | 21/28 | €2,066,359 | €2,350,237 | +€283,878 | +13.7% |
| Tangible fixed assets | 22/27 | €2,066,359 | €2,350,237 | +€283,878 | +13.7% |
| Land and buildings | 22 | €2,065,613 | €2,350,237 | +€284,624 | +13.8% |
| Furniture and vehicles | 24 | €746 | - | -€746 | |
| Current assets | 29/58 | €205,497 | €207,098 | +€1,600 | +0.8% |
| Stocks and contracts in progress | 3 | €162,936 | €181,654 | +€18,718 | +11.5% |
| Contracts in progress | 37 | €162,936 | €181,654 | +€18,718 | +11.5% |
| Amounts receivable within one year | 40/41 | €21,642 | €5,139 | -€16,503 | -76.3% |
| Trade receivables | 40 | - | €1,972 | +€1,972 | |
| Other amounts receivable | 41 | €21,642 | €3,167 | -€18,475 | -85.4% |
| Cash at bank and in hand | 54/58 | €12,087 | €13,423 | +€1,336 | +11.1% |
| Deferred charges and accrued income | 490/1 | €8,832 | €6,882 | -€1,950 | -22.1% |
| Total equity and liabilities | 10/49 | €2,271,857 | €2,557,335 | +€285,478 | +12.6% |
| Equity | 10/15 | €1,294,017 | €980,819 | -€313,198 | -24.2% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €1,205,697 | €1,205,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €1,156,119 | €1,156,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,907,680 | -€3,220,878 | -€313,198 | -10.8% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €962,840 | €1,561,516 | +€598,676 | +62.2% |
| Amounts payable within one year | 42/48 | €962,840 | €1,561,516 | +€598,676 | +62.2% |
| Trade debts | 44 | €121,882 | €119,380 | -€2,502 | -2.1% |
| Suppliers | 440/4 | €121,882 | €119,380 | -€2,502 | -2.1% |
| Taxes, remuneration and social security | 45 | €3,175 | €1,670 | -€1,505 | -47.4% |
| Remuneration and social security | 454/9 | €3,175 | €1,670 | -€1,505 | -47.4% |
| Other amounts payable | 47/48 | €837,782 | €1,440,465 | +€602,683 | +71.9% |
| Operating income | 70/76A | €25,353 | €20,953 | -€4,401 | -17.4% |
| Turnover | 70 | €20,565 | €18,565 | -€2,000 | -9.7% |
| Other operating income | 74 | €4,789 | €2,388 | -€2,401 | -50.1% |
| Operating charges | 60/66A | €287,089 | €306,950 | +€19,862 | +6.9% |
| Purchases | 600/8 | €33,575 | €18,718 | -€14,857 | -44.3% |
| Change in stocks: decrease (increase) | 609 | -€33,575 | -€18,718 | +€14,857 | +44.3% |
| Services and other goods | 61 | €74,722 | €84,420 | +€9,698 | +13.0% |
| Remuneration, social security and pensions | 62 | €21,955 | €22,886 | +€931 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,022 | €53,026 | +€1,004 | +1.9% |
| Other operating charges | 640/8 | €138,390 | €146,619 | +€8,229 | +5.9% |
| Operating profit (loss) | 9901 | -€261,735 | -€285,998 | -€24,263 | -9.3% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Other financial income | 752/9 | - | €20 | +€20 | |
| Financial charges | 65/66B | €18,268 | €27,220 | +€8,952 | +49.0% |
| Recurring financial charges | 65 | €18,268 | €27,220 | +€8,952 | +49.0% |
| Debt charges | 650 | €16,903 | €25,204 | +€8,301 | +49.1% |
| Other financial charges | 652/9 | €1,365 | €2,016 | +€651 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€280,003 | -€313,198 | -€33,195 | -11.9% |
| Profit (loss) for the period | 9904 | -€280,003 | -€313,198 | -€33,195 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€280,003 | -€313,198 | -€33,195 | -11.9% |
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 8 October 2026 via checked.be.