IMMOLOGO: 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.
IMMOLOGO
Largest movements
- Tangible fixed assets -€5,357
down €5,357 (-5.2%), from €102,248 to €96,891
of which Land and buildings: -€3,864
- Cash +€4,856
up €4,856 (+40.1%), from €12,118 to €16,974
mainly Net result for the year (+€8,104) and Depreciation (+€5,357)
- Deferred charges and accrued income +€1,398
new in 2025: €1,398
- Debts after one year -€9,210
down €9,210 (-100%), from €9,210 to €0
- Reserves +€8,000
up €8,000 (+160%), from €5,000 to €13,000
of which Distributable reserves: +€8,000
- Tax, wage and social debts +€1,826
up €1,826 (+133%), from €1,376 to €3,202
- Profit (loss) carried forward -€1,562
down €1,562 (-3.9%), from €40,209 to €38,646
- Other debts +€1,166
new in 2025: €1,166
- Taxes +€951
up €951 (+33.1%), from €2,876 to €3,826
- Financial charges -€585
down €585 (-39.8%), from €1,469 to €884
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,594 | €115,263 | +€669 | +0.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €102,248 | €96,891 | -€5,357 | -5.2% |
| Tangible fixed assets | 22/27 | €102,248 | €96,891 | -€5,357 | -5.2% |
| Land and buildings | 22 | €72,657 | €68,793 | -€3,864 | -5.3% |
| Plant, machinery and equipment | 23 | €29,591 | €28,098 | -€1,493 | -5.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €12,346 | €18,373 | +€6,026 | +48.8% |
| Amounts receivable within one year | 40/41 | €228 | €0 | -€228 | -100% |
| Trade receivables | 40 | €228 | €0 | -€228 | -100% |
| Cash at bank and in hand | 54/58 | €12,118 | €16,974 | +€4,856 | +40.1% |
| Deferred charges and accrued income | 490/1 | - | €1,398 | +€1,398 | |
| Total equity and liabilities | 10/49 | €114,594 | €115,263 | +€669 | +0.6% |
| Equity | 10/15 | €95,209 | €101,646 | +€6,438 | +6.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €13,000 | +€8,000 | +160% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €40,209 | €38,646 | -€1,562 | -3.9% |
| Amounts payable | 17/49 | €19,385 | €13,617 | -€5,768 | -29.8% |
| Amounts payable after more than one year | 17 | €9,210 | €0 | -€9,210 | -100% |
| Financial debts | 170/4 | €9,210 | €0 | -€9,210 | -100% |
| Amounts payable within one year | 42/48 | €10,175 | €12,829 | +€2,654 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €8,800 | €8,461 | -€338 | -3.8% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,376 | €3,202 | +€1,826 | +133% |
| Taxes | 450/3 | €1,376 | €3,202 | +€1,826 | +133% |
| Other amounts payable | 47/48 | - | €1,166 | +€1,166 | |
| Accrued charges and deferred income | 492/3 | - | €788 | +€788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,357 | €5,357 | = | 0.0% |
| Other operating charges | 640/8 | €873 | €900 | +€27 | +3.1% |
| Gross operating margin | 9900 | €18,912 | €19,071 | +€159 | +0.8% |
| Operating profit (loss) | 9901 | €12,682 | €12,814 | +€132 | +1.0% |
| Financial charges | 65/66B | €1,469 | €884 | -€585 | -39.8% |
| Recurring financial charges | 65 | €1,469 | €884 | -€585 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €11,213 | €11,930 | +€717 | +6.4% |
| Income taxes | 67/77 | €2,876 | €3,826 | +€951 | +33.1% |
| Profit (loss) for the period | 9904 | €8,337 | €8,104 | -€234 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,337 | €8,104 | -€234 | -2.8% |
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.