IMMOLITH: 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.
IMMOLITH
Largest movements
- Tangible fixed assets -€415,618
down €415,618 (-4.0%), from €10.5m to €10.0m
of which Other tangible fixed assets: -€415,618
- Cash +€306,525
up €306,525 (+54.1%), from €566,585 to €873,109
mainly Net result for the year (+€467,795) and Depreciation (+€400,684)
- Financial fixed assets -€150,000
down €150,000 (-22.9%), from €656,160 to €506,160
of which Affiliated companies: -€150,000
- Receivables within one year -€134,670
down €134,670 (-39.4%), from €342,048 to €207,378
- Debts after one year -€877,277
down €877,277 (-24.6%), from €3.6m to €2.7m
- Reserves +€461,295
up €461,295 (+9.0%), from €5.1m to €5.6m
of which Distributable reserves: +€608,347
- Trade debts +€152,313
up €152,313 (+142.7%), from €106,767 to €259,080
- Services and other goods -€107,735
down €107,735 (-16.0%), from €674,732 to €566,997
- Taxes +€55,272
up €55,272 (+36.1%), from €153,201 to €208,474
of which Taxes: +€54,772
- Other operating charges -€34,933
down €34,933 (-13.6%), from €257,171 to €222,238
- Other operating income -€31,338
down €31,338 (-98.3%), from €31,892 to €555
- Turnover +€20,325
up €20,325 (+1.1%), from €1.8m to €1.8m
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 | €12,029,843 | €11,636,080 | -€393,763 | -3.3% |
| Fixed assets | 21/28 | €11,121,210 | €10,555,593 | -€565,618 | -5.1% |
| Tangible fixed assets | 22/27 | €10,465,050 | €10,049,433 | -€415,618 | -4.0% |
| Land and buildings | 22 | €160,000 | €160,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €10,305,050 | €9,889,433 | -€415,618 | -4.0% |
| Financial fixed assets | 28 | €656,160 | €506,160 | -€150,000 | -22.9% |
| Affiliated companies | 280/1 | €600,000 | €450,000 | -€150,000 | -25.0% |
| Amounts receivable | 281 | €600,000 | €450,000 | -€150,000 | -25.0% |
| Other financial fixed assets | 284/8 | €56,160 | €56,160 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €56,160 | €56,160 | = | 0.0% |
| Current assets | 29/58 | €908,633 | €1,080,488 | +€171,855 | +18.9% |
| Amounts receivable within one year | 40/41 | €342,048 | €207,378 | -€134,670 | -39.4% |
| Other amounts receivable | 41 | €342,048 | €207,378 | -€134,670 | -39.4% |
| Cash at bank and in hand | 54/58 | €566,585 | €873,109 | +€306,525 | +54.1% |
| Total equity and liabilities | 10/49 | €12,029,843 | €11,636,080 | -€393,763 | -3.3% |
| Equity | 10/15 | €5,592,462 | €6,053,757 | +€461,295 | +8.2% |
| Contributions | 10/11 | €479,000 | €479,000 | = | 0.0% |
| Capital | 10 | €479,000 | €479,000 | = | 0.0% |
| Issued capital | 100 | €479,000 | €479,000 | = | 0.0% |
| Reserves | 13 | €5,113,462 | €5,574,757 | +€461,295 | +9.0% |
| Non-distributable reserves | 130/1 | €47,900 | €47,900 | = | 0.0% |
| Legal reserve | 130 | €47,900 | €47,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,104,586 | €2,957,534 | -€147,052 | -4.7% |
| Distributable reserves | 133 | €1,960,976 | €2,569,323 | +€608,347 | +31.0% |
| Provisions and deferred taxes | 16 | €1,034,862 | €985,845 | -€49,017 | -4.7% |
| Deferred taxes | 168 | €1,034,862 | €985,845 | -€49,017 | -4.7% |
| Amounts payable | 17/49 | €5,402,519 | €4,596,479 | -€806,041 | -14.9% |
| Amounts payable after more than one year | 17 | €3,572,088 | €2,694,811 | -€877,277 | -24.6% |
| Financial debts | 170/4 | €3,572,088 | €2,694,811 | -€877,277 | -24.6% |
| Credit institutions | 173 | €3,572,088 | €2,694,811 | -€877,277 | -24.6% |
| Amounts payable within one year | 42/48 | €1,130,268 | €1,282,792 | +€152,524 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €865,285 | €965,239 | +€99,953 | +11.6% |
| Financial debts | 43 | €105,798 | - | -€105,798 | |
| Credit institutions | 430/8 | €105,798 | - | -€105,798 | |
| Trade debts | 44 | €106,767 | €259,080 | +€152,313 | +142.7% |
| Suppliers | 440/4 | €106,767 | €259,080 | +€152,313 | +142.7% |
| Taxes, remuneration and social security | 45 | €52,417 | €58,474 | +€6,057 | +11.6% |
| Taxes | 450/3 | €52,417 | €58,474 | +€6,057 | +11.6% |
| Accrued charges and deferred income | 492/3 | €700,163 | €618,875 | -€81,288 | -11.6% |
| Operating income | 70/76A | €1,817,575 | €1,861,629 | +€44,054 | +2.4% |
| Turnover | 70 | €1,785,682 | €1,806,007 | +€20,325 | +1.1% |
| Other operating income | 74 | €31,892 | €555 | -€31,338 | -98.3% |
| Non-recurring operating income | 76A | - | €55,066 | +€55,066 | |
| Operating charges | 60/66A | €1,337,818 | €1,189,919 | -€147,899 | -11.1% |
| Services and other goods | 61 | €674,732 | €566,997 | -€107,735 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405,915 | €400,684 | -€5,230 | -1.3% |
| Other operating charges | 640/8 | €257,171 | €222,238 | -€34,933 | -13.6% |
| Operating profit (loss) | 9901 | €479,757 | €671,710 | +€191,953 | +40.0% |
| Financial income | 75/76B | €13,500 | €33,750 | +€20,250 | +150.0% |
| Recurring financial income | 75 | €13,500 | €33,750 | +€20,250 | +150.0% |
| Income from financial fixed assets | 750 | - | €11,250 | +€11,250 | |
| Income from current assets | 751 | €13,500 | €22,500 | +€9,000 | +66.7% |
| Financial charges | 65/66B | €68,020 | €78,209 | +€10,189 | +15.0% |
| Recurring financial charges | 65 | €68,020 | €78,209 | +€10,189 | +15.0% |
| Debt charges | 650 | €65,175 | €75,670 | +€10,495 | +16.1% |
| Other financial charges | 652/9 | €2,844 | €2,538 | -€306 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €425,237 | €627,251 | +€202,014 | +47.5% |
| Transfer from deferred taxes | 780 | €49,017 | €49,017 | = | 0.0% |
| Income taxes | 67/77 | €153,201 | €208,474 | +€55,272 | +36.1% |
| Taxes | 670/3 | €153,702 | €208,474 | +€54,772 | +35.6% |
| Tax adjustments and reversals of tax provisions | 77 | €501 | - | -€501 | |
| Profit (loss) for the period | 9904 | €321,053 | €467,795 | +€146,741 | +45.7% |
| Transfer from tax-exempt reserves | 789 | €147,052 | €147,052 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €468,105 | €614,847 | +€146,741 | +31.3% |
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 12 October 2026 via checked.be.