IMMOLIFT: 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.
IMMOLIFT
Largest movements
- Tangible fixed assets +€350,417
up €350,417 (+111.3%), from €314,947 to €665,364
of which Land and buildings: +€341,465
- Cash -€107,145
down €107,145 (-30.7%), from €348,635 to €241,490
mainly Investment in fixed assets (net) (-€422,754) and Contributions, distributions and other (-€73,054)
- Receivables within one year +€42,843
up €42,843 (+47.1%), from €90,887 to €133,730
of which Trade receivables: +€25,481
- Current investments -€21,081
down €21,081 (-6.3%), from €335,327 to €314,246
- Debts after one year +€181,523
up €181,523 (+228.3%), from €79,500 to €261,022
- Reserves +€94,216
up €94,216 (+12.6%), from €746,790 to €841,007
- Tax, wage and social debts -€35,574
down €35,574 (-57.6%), from €61,743 to €26,169
of which Taxes: -€53,297
- Current portion of long-term debt +€27,435
up €27,435 (+50.4%), from €54,468 to €81,902
- Depreciation +€52,466
up €52,466 (+236.9%), from €22,145 to €74,611
- Staff costs +€48,615
up €48,615 (+117.1%), from €41,514 to €90,129
- Gross operating margin +€46,240
up €46,240 (+12.4%), from €372,226 to €418,467
- Taxes -€21,575
down €21,575 (-22.1%), from €97,648 to €76,072
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 | €1,099,149 | €1,363,499 | +€264,350 | +24.1% |
| Fixed assets | 21/28 | €319,826 | €667,969 | +€348,143 | +108.9% |
| Intangible fixed assets | 21 | €4,694 | €2,420 | -€2,274 | -48.4% |
| Tangible fixed assets | 22/27 | €314,947 | €665,364 | +€350,417 | +111.3% |
| Land and buildings | 22 | €123,868 | €465,333 | +€341,465 | +275.7% |
| Plant, machinery and equipment | 23 | €268 | €8,498 | +€8,231 | +3076.7% |
| Furniture and vehicles | 24 | €37,471 | €37,506 | +€35 | +0.1% |
| Other tangible fixed assets | 26 | €15,752 | €16,439 | +€687 | +4.4% |
| Assets under construction and advance payments | 27 | €137,588 | €137,588 | = | 0.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €779,323 | €695,530 | -€83,793 | -10.8% |
| Amounts receivable within one year | 40/41 | €90,887 | €133,730 | +€42,843 | +47.1% |
| Trade receivables | 40 | €69,612 | €95,092 | +€25,481 | +36.6% |
| Other amounts receivable | 41 | €21,275 | €38,638 | +€17,362 | +81.6% |
| Current investments | 50/53 | €335,327 | €314,246 | -€21,081 | -6.3% |
| Cash at bank and in hand | 54/58 | €348,635 | €241,490 | -€107,145 | -30.7% |
| Deferred charges and accrued income | 490/1 | €4,474 | €6,065 | +€1,590 | +35.5% |
| Total equity and liabilities | 10/49 | €1,099,149 | €1,363,499 | +€264,350 | +24.1% |
| Equity | 10/15 | €746,790 | €841,007 | +€94,216 | +12.6% |
| Reserves | 13 | €746,790 | €841,007 | +€94,216 | +12.6% |
| Distributable reserves | 133 | €746,790 | €841,007 | +€94,216 | +12.6% |
| Amounts payable | 17/49 | €352,359 | €522,493 | +€170,134 | +48.3% |
| Amounts payable after more than one year | 17 | €79,500 | €261,022 | +€181,523 | +228.3% |
| Financial debts | 170/4 | €79,500 | €261,022 | +€181,523 | +228.3% |
| Amounts payable within one year | 42/48 | €160,571 | €155,789 | -€4,782 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €54,468 | €81,902 | +€27,435 | +50.4% |
| Financial debts | 43 | €1,536 | €3,652 | +€2,116 | +137.8% |
| Credit institutions | 430/8 | €1,536 | €3,652 | +€2,116 | +137.8% |
| Trade debts | 44 | €27,129 | €37,772 | +€10,643 | +39.2% |
| Suppliers | 440/4 | €27,129 | €37,772 | +€10,643 | +39.2% |
| Advances received on contracts in progress | 46 | €14,565 | €2,772 | -€11,794 | -81.0% |
| Taxes, remuneration and social security | 45 | €61,743 | €26,169 | -€35,574 | -57.6% |
| Taxes | 450/3 | €61,664 | €8,367 | -€53,297 | -86.4% |
| Remuneration and social security | 454/9 | €80 | €17,802 | +€17,722 | +22289.5% |
| Other amounts payable | 47/48 | €1,130 | €3,522 | +€2,392 | +211.7% |
| Accrued charges and deferred income | 492/3 | €112,288 | €105,681 | -€6,607 | -5.9% |
| Remuneration, social security and pensions | 62 | €41,514 | €90,129 | +€48,615 | +117.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,145 | €74,611 | +€52,466 | +236.9% |
| Other operating charges | 640/8 | €5,880 | €8,301 | +€2,421 | +41.2% |
| Gross operating margin | 9900 | €372,226 | €418,467 | +€46,240 | +12.4% |
| Operating profit (loss) | 9901 | €302,687 | €245,425 | -€57,262 | -18.9% |
| Financial income | 75/76B | €5,505 | €6,315 | +€810 | +14.7% |
| Recurring financial income | 75 | €5,505 | €6,315 | +€810 | +14.7% |
| Financial charges | 65/66B | €4,503 | €8,397 | +€3,894 | +86.5% |
| Recurring financial charges | 65 | €4,503 | €8,397 | +€3,894 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €303,689 | €243,343 | -€60,346 | -19.9% |
| Income taxes | 67/77 | €97,648 | €76,072 | -€21,575 | -22.1% |
| Profit (loss) for the period | 9904 | €206,041 | €167,270 | -€38,771 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €206,041 | €167,270 | -€38,771 | -18.8% |
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 6 October 2026 via checked.be.