IMMOLIERE: 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.
IMMOLIERE
Largest movements
- Tangible fixed assets -€35,313
down €35,313 (-5.1%), from €699,004 to €663,691
of which Land and buildings: -€30,023
- Debts after one year -€97,331
down €97,331 (-31.8%), from €305,717 to €208,386
- Profit (loss) carried forward +€38,206
up €38,206 (+51.8%), from €73,709 to €111,915
- Tax, wage and social debts +€12,432
up €12,432 (+67.1%), from €18,521 to €30,952
- Gross operating margin -€11,438
down €11,438 (-9.7%), from €117,327 to €105,889
- Financial charges -€4,109
down €4,109 (-21.6%), from €19,054 to €14,944
- Other operating charges +€3,353
up €3,353 (+2046.8%), from €164 to €3,517
- Taxes -€3,135
down €3,135 (-18.4%), from €17,044 to €13,908
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €699,903 | €664,593 | -€35,311 | -5.0% |
| Fixed assets | 21/28 | €699,504 | €664,191 | -€35,313 | -5.0% |
| Tangible fixed assets | 22/27 | €699,004 | €663,691 | -€35,313 | -5.1% |
| Land and buildings | 22 | €601,455 | €571,432 | -€30,023 | -5.0% |
| Plant, machinery and equipment | 23 | €97,550 | €92,259 | -€5,291 | -5.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €399 | €402 | +€3 | +0.7% |
| Deferred charges and accrued income | 490/1 | €399 | €402 | +€3 | +0.7% |
| Total equity and liabilities | 10/49 | €699,903 | €664,593 | -€35,311 | -5.0% |
| Equity | 10/15 | €97,709 | €135,915 | +€38,206 | +39.1% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,709 | €111,915 | +€38,206 | +51.8% |
| Amounts payable | 17/49 | €602,194 | €528,678 | -€73,517 | -12.2% |
| Amounts payable after more than one year | 17 | €305,717 | €208,386 | -€97,331 | -31.8% |
| Financial debts | 170/4 | €305,717 | €208,386 | -€97,331 | -31.8% |
| Amounts payable within one year | 42/48 | €296,090 | €319,491 | +€23,402 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €92,881 | €97,331 | +€4,451 | +4.8% |
| Financial debts | 43 | €2,913 | €4,448 | +€1,535 | +52.7% |
| Credit institutions | 430/8 | €2,913 | €4,448 | +€1,535 | +52.7% |
| Trade debts | 44 | €14,834 | €19,819 | +€4,985 | +33.6% |
| Suppliers | 440/4 | €14,834 | €19,819 | +€4,985 | +33.6% |
| Taxes, remuneration and social security | 45 | €18,521 | €30,952 | +€12,432 | +67.1% |
| Taxes | 450/3 | €18,521 | €30,952 | +€12,432 | +67.1% |
| Other amounts payable | 47/48 | €166,941 | €166,941 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €387 | €800 | +€413 | +106.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,241 | €35,313 | +€72 | +0.2% |
| Other operating charges | 640/8 | €164 | €3,517 | +€3,353 | +2046.8% |
| Gross operating margin | 9900 | €117,327 | €105,889 | -€11,438 | -9.7% |
| Operating profit (loss) | 9901 | €81,922 | €67,059 | -€14,863 | -18.1% |
| Financial charges | 65/66B | €19,054 | €14,944 | -€4,109 | -21.6% |
| Recurring financial charges | 65 | €19,054 | €14,944 | -€4,109 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €62,869 | €52,114 | -€10,754 | -17.1% |
| Income taxes | 67/77 | €17,044 | €13,908 | -€3,135 | -18.4% |
| Profit (loss) for the period | 9904 | €45,825 | €38,206 | -€7,619 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,825 | €38,206 | -€7,619 | -16.6% |
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 7 October 2026 via checked.be.