IMMOLINCK: what changed
What changed
IMMOLINCK
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€374,779
2024 · -€9,728+€384,507
Equity
€490,877
2024 · €116,099+€374,779
Cash
€73,010
2024 · €20,417+€52,593
Balance sheet total
€1.6m
2024 · €1.0m+€507,425
Largest movements
Assets
- Current investments +€497,288
new in 2025: €497,288
- Cash +€52,593
up €52,593 (+258%), from €20,417 to €73,010
mainly Net result for the year (+€374,779) and Provisions (+€114,397)
- Tangible fixed assets -€39,701
down €39,701 (-4.6%), from €861,448 to €821,747
of which Leasing and similar rights: -€111,782
Equity and liabilities
- Reserves +€343,190
up €343,190 (+152%), from €225,540 to €568,730
of which Tax-exempt reserves: +€343,190
- Provisions +€114,397
up €114,397 (+160%), from €71,359 to €185,756
- Short-term financial debts +€58,143
up €58,143 (+3,131%), from €1,857 to €60,000
- Debts after one year -€41,936
down €41,936 (-6.3%), from €667,119 to €625,183
- Profit (loss) carried forward +€31,589
up €31,589 (+17.2%), from -€183,441 to -€151,852
Income statement
- Gross operating margin +€501,510
up €501,510 (+616%), from €81,426 to €582,936
- Financial charges -€42,396
down €42,396, from €21,850 to -€20,545
- Financial income +€8,532
up €8,532 (+209%), from €4,088 to €12,620
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€9,728
Gross operating margin
+€501,510
Depreciation
-€1,204
Other operating charges
+€241
Other operating items
-€42,149
Financial income
+€8,532
Financial charges
+€42,396
Deferred taxes and other
-€124,819
Result 2025
€374,779
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€560,485
Investment
-€529,099
Financing
+€21,207
Cash 2024
€20,417
From operations (derived)
+€560,485
Net result for the year
+€374,779
Depreciation
+€71,513
Receivables within one year
+€2,928
Smaller working-capital items
+€249
Provisions
+€114,397
Trade debts
+€11,321
Other debts
-€14,700
Investment (derived)
-€529,099
Investment in fixed assets (net)
-€31,811
Current investments
-€497,288
Financing
+€21,207
Debts after one year
-€41,936
Current portion of long-term debt
+€5,000
Short-term financial debts
+€58,143
Cash 2025
€73,010
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,044,120 | €1,551,545 | +€507,425 | +48.6% |
| Fixed assets | 21/28 | €861,448 | €821,747 | -€39,701 | -4.6% |
| Tangible fixed assets | 22/27 | €861,448 | €821,747 | -€39,701 | -4.6% |
| Land and buildings | 22 | €748,861 | €820,818 | +€71,957 | +9.6% |
| Plant, machinery and equipment | 23 | €804 | €429 | -€375 | -46.6% |
| Furniture and vehicles | 24 | - | €499 | +€499 | |
| Leasing and similar rights | 25 | €111,782 | - | -€111,782 | |
| Current assets | 29/58 | €182,673 | €729,799 | +€547,126 | +300% |
| Amounts receivable within one year | 40/41 | €157,629 | €154,702 | -€2,928 | -1.9% |
| Trade receivables | 40 | €38,370 | €38,904 | +€534 | +1.4% |
| Other amounts receivable | 41 | €119,259 | €115,798 | -€3,461 | -2.9% |
| Current investments | 50/53 | - | €497,288 | +€497,288 | |
| Cash at bank and in hand | 54/58 | €20,417 | €73,010 | +€52,593 | +258% |
| Deferred charges and accrued income | 490/1 | €4,627 | €4,799 | +€173 | +3.7% |
| Total equity and liabilities | 10/49 | €1,044,120 | €1,551,545 | +€507,425 | +48.6% |
| Equity | 10/15 | €116,099 | €490,877 | +€374,779 | +323% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Capital | 10 | €74,000 | €74,000 | = | 0.0% |
| Issued capital | 100 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €225,540 | €568,730 | +€343,190 | +152% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Legal reserve | 130 | €7,400 | €7,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €218,140 | €561,330 | +€343,190 | +157% |
| Profit (loss) carried forward | 14 | -€183,441 | -€151,852 | +€31,589 | +17.2% |
| Provisions and deferred taxes | 16 | €71,359 | €185,756 | +€114,397 | +160% |
| Deferred taxes | 168 | €71,359 | €185,756 | +€114,397 | +160% |
| Amounts payable | 17/49 | €856,663 | €874,912 | +€18,250 | +2.1% |
| Amounts payable after more than one year | 17 | €667,119 | €625,183 | -€41,936 | -6.3% |
| Financial debts | 170/4 | €667,119 | €625,183 | -€41,936 | -6.3% |
| Amounts payable within one year | 42/48 | €186,555 | €246,319 | +€59,764 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €38,757 | €43,757 | +€5,000 | +12.9% |
| Financial debts | 43 | €1,857 | €60,000 | +€58,143 | +3,131% |
| Credit institutions | 430/8 | €1,857 | €60,000 | +€58,143 | +3,131% |
| Trade debts | 44 | €48,781 | €60,102 | +€11,321 | +23.2% |
| Suppliers | 440/4 | €48,781 | €60,102 | +€11,321 | +23.2% |
| Other amounts payable | 47/48 | €97,160 | €82,460 | -€14,700 | -15.1% |
| Accrued charges and deferred income | 492/3 | €2,989 | €3,410 | +€421 | +14.1% |
| Non-recurring operating income | 76A | - | €528,446 | +€528,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,309 | €71,513 | +€1,204 | +1.7% |
| Other operating charges | 640/8 | €13,505 | €13,264 | -€241 | -1.8% |
| Non-recurring operating charges | 66A | - | €42,149 | +€42,149 | |
| Gross operating margin | 9900 | €81,426 | €582,936 | +€501,510 | +616% |
| Operating profit (loss) | 9901 | -€2,388 | €456,010 | +€458,398 | |
| Financial income | 75/76B | €4,088 | €12,620 | +€8,532 | +209% |
| Recurring financial income | 75 | €4,088 | €12,620 | +€8,532 | +209% |
| Financial charges | 65/66B | €21,850 | -€20,545 | -€42,396 | |
| Recurring financial charges | 65 | €21,850 | -€20,545 | -€42,396 | |
| Profit (loss) for the period before taxes | 9903 | -€20,150 | €489,175 | +€509,326 | |
| Transfer from deferred taxes | 780 | €10,422 | €17,715 | +€7,293 | +70.0% |
| Transfer to deferred taxes | 680 | - | €132,112 | +€132,112 | |
| Profit (loss) for the period | 9904 | -€9,728 | €374,779 | +€384,507 | |
| Transfer from tax-exempt reserves | 789 | €31,266 | €53,145 | +€21,879 | +70.0% |
| Transfer to tax-exempt reserves | 689 | - | €396,335 | +€396,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,538 | €31,589 | +€10,051 | +46.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.