Immolips: 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.
What changed
Immolips
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,041
2024 · €1.2m-€1.2m
Equity
€5.1m
2024 · €5.1m+€1,041
Cash
€55,945
2024 · €70,588-€14,642
Balance sheet total
€10.9m
2024 · €11.8m-€847,740
Largest movements
Assets
- Tangible fixed assets -€495,225
down €495,225 (-5.0%), from €9.9m to €9.5m
of which Land and buildings: -€462,610
- Receivables within one year -€465,132
down €465,132 (-26.3%), from €1.8m to €1.3m
of which Trade receivables: -€256,504
- Deferred charges and accrued income +€127,260
up €127,260 (+6,428%), from €1,980 to €129,240
Equity and liabilities
- Tax, wage and social debts -€437,003
down €437,003 (-89.3%), from €489,094 to €52,091
- Debts after one year -€359,679
down €359,679 (-7.1%), from €5.0m to €4.7m
of which Financial debts: -€359,679
Income statement
- Gross operating margin -€1.6m
down €1.6m (-68.8%), from €2.3m to €714,105
- Taxes -€435,559
down €435,559 (-89.3%), from €487,649 to €52,091
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
€1.2m
Gross operating margin
-€1.6m
Depreciation
-€8,467
Other operating charges
+€6,576
Financial income
-€16,481
Financial charges
-€1,411
Taxes
+€435,559
Result 2025
€1,041
raises the resultlowers the result
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.
From operations
+€378,817
Investment
-€33,060
Financing
-€360,400
Cash 2024
€70,588
From operations (derived)
+€378,817
Net result for the year
+€1,041
Depreciation
+€528,285
Receivables within one year
+€465,132
Deferred charges and accrued income
-€127,260
Provisions
-€47,352
Trade debts
-€3,285
Tax, wage and social debts
-€437,003
Other debts
+€610
Accrued charges and deferred income
-€1,351
Investment (derived)
-€33,060
Investment in fixed assets (net)
-€33,060
Financing
-€360,400
Debts after one year
-€359,679
Current portion of long-term debt
-€720
Cash 2025
€55,945
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,787,493 | €10,939,753 | -€847,740 | -7.2% |
| Fixed assets | 21/28 | €9,945,958 | €9,450,733 | -€495,225 | -5.0% |
| Tangible fixed assets | 22/27 | €9,945,958 | €9,450,733 | -€495,225 | -5.0% |
| Land and buildings | 22 | €9,689,957 | €9,227,347 | -€462,610 | -4.8% |
| Plant, machinery and equipment | 23 | €159,895 | €138,814 | -€21,081 | -13.2% |
| Furniture and vehicles | 24 | €96,106 | €84,572 | -€11,534 | -12.0% |
| Current assets | 29/58 | €1,841,535 | €1,489,020 | -€352,515 | -19.1% |
| Amounts receivable within one year | 40/41 | €1,768,967 | €1,303,835 | -€465,132 | -26.3% |
| Trade receivables | 40 | €310,339 | €53,835 | -€256,504 | -82.7% |
| Other amounts receivable | 41 | €1,458,628 | €1,250,000 | -€208,628 | -14.3% |
| Cash at bank and in hand | 54/58 | €70,588 | €55,945 | -€14,642 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,980 | €129,240 | +€127,260 | +6,428% |
| Total equity and liabilities | 10/49 | €11,787,493 | €10,939,753 | -€847,740 | -7.2% |
| Equity | 10/15 | €5,063,964 | €5,065,005 | +€1,041 | 0.0% |
| Contributions | 10/11 | €23,283 | €23,283 | = | 0.0% |
| Reserves | 13 | €5,040,681 | €5,041,722 | +€1,041 | 0.0% |
| Tax-exempt reserves | 132 | €2,414,974 | €2,272,918 | -€142,056 | -5.9% |
| Distributable reserves | 133 | €2,625,707 | €2,768,804 | +€143,097 | +5.4% |
| Provisions and deferred taxes | 16 | €804,991 | €757,639 | -€47,352 | -5.9% |
| Deferred taxes | 168 | €804,991 | €757,639 | -€47,352 | -5.9% |
| Amounts payable | 17/49 | €5,918,538 | €5,117,109 | -€801,429 | -13.5% |
| Amounts payable after more than one year | 17 | €5,044,431 | €4,684,751 | -€359,679 | -7.1% |
| Financial debts | 170/4 | €5,044,431 | €4,684,751 | -€359,679 | -7.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €861,988 | €421,589 | -€440,399 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €360,400 | €359,679 | -€720 | -0.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,495 | €9,210 | -€3,285 | -26.3% |
| Suppliers | 440/4 | €12,495 | €9,210 | -€3,285 | -26.3% |
| Taxes, remuneration and social security | 45 | €489,094 | €52,091 | -€437,003 | -89.3% |
| Taxes | 450/3 | €489,094 | €52,091 | -€437,003 | -89.3% |
| Other amounts payable | 47/48 | - | €610 | +€610 | |
| Accrued charges and deferred income | 492/3 | €12,119 | €10,768 | -€1,351 | -11.1% |
| Non-recurring operating income | 76A | €1,634,647 | €0 | -€1.6m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519,818 | €528,285 | +€8,467 | +1.6% |
| Other operating charges | 640/8 | €98,761 | €92,184 | -€6,576 | -6.7% |
| Gross operating margin | 9900 | €2,288,672 | €714,105 | -€1.6m | -68.8% |
| Operating profit (loss) | 9901 | €1,670,093 | €93,636 | -€1.6m | -94.4% |
| Financial income | 75/76B | €23,457 | €6,976 | -€16,481 | -70.3% |
| Recurring financial income | 75 | €23,457 | €6,976 | -€16,481 | -70.3% |
| Financial charges | 65/66B | €93,420 | €94,832 | +€1,411 | +1.5% |
| Recurring financial charges | 65 | €93,420 | €94,832 | +€1,411 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,600,130 | €5,780 | -€1.6m | -99.6% |
| Transfer from deferred taxes | 780 | €47,352 | €47,352 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €487,649 | €52,091 | -€435,559 | -89.3% |
| Profit (loss) for the period | 9904 | €1,159,833 | €1,041 | -€1.2m | -99.9% |
| Transfer from tax-exempt reserves | 789 | €142,057 | €142,056 | -€1 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,301,890 | €143,097 | -€1.2m | -89.0% |
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 14 October 2026 via checked.be.