IMMOLONA: 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
IMMOLONA
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
€94,025
2024 · €56,234+€37,791
Equity
€5.7m
2024 · €5.6m+€94,025
Cash
€18,828
2024 · €106,254-€87,427
Balance sheet total
€8.1m
2024 · €16.0m-€8.0m
Largest movements
Assets
- Financial fixed assets -€4.0m
no longer reported in 2025 (was €4.0m)
- Receivables within one year -€3.8m
down €3.8m (-99.3%), from €3.8m to €25,055
of which Other amounts receivable: -€3.8m
Equity and liabilities
- Other debts -€4.8m
down €4.8m (-97.7%), from €4.9m to €115,313
- Debts after one year -€3.1m
down €3.1m (-67.8%), from €4.6m to €1.5m
of which Financial debts: -€3.1m
Income statement
- Gross operating margin -€161,563
down €161,563 (-27.9%), from €578,302 to €416,739
- Depreciation -€60,353
down €60,353 (-19.8%), from €304,921 to €244,568
- Financial charges -€37,024
down €37,024 (-38.4%), from €96,313 to €59,289
- Financial income -€13,364
down €13,364 (-62.0%), from €21,554 to €8,189
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
€56,234
Gross operating margin
-€161,563
Depreciation
+€60,353
Other operating charges
+€2,753
Other operating items
-€42,500
Financial income
-€13,364
Financial charges
+€37,024
Deferred taxes and other
+€155,088
Result 2025
€94,025
raises the resultlowers the resultnot broken down further in the accounts
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
-€897,358
Investment
+€3.9m
Financing
-€3.1m
Cash 2024
€106,254
From operations (derived)
-€897,358
Net result for the year
+€94,025
Depreciation
+€244,568
Receivables within one year
+€3.8m
Deferred charges and accrued income
-€15,963
Provisions
-€99,507
Trade debts
-€107,995
Smaller working-capital items
+€12,779
Other debts
-€4.8m
Investment (derived)
+€3.9m
Investment in fixed assets (net)
+€3.9m
Financing
-€3.1m
Debts after one year
-€3.1m
Current portion of long-term debt
+€47,037
Cash 2025
€18,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,031,062 | €8,055,762 | -€8.0m | -49.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,096,708 | €7,964,716 | -€4.1m | -34.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €8,048,574 | €7,964,716 | -€83,857 | -1.0% |
| Land and buildings | 22 | €8,048,574 | €7,939,666 | -€108,907 | -1.4% |
| Assets under construction and advance payments | 27 | - | €25,050 | +€25,050 | |
| Financial fixed assets | 28 | €4,048,134 | - | -€4.0m | |
| Current assets | 29/58 | €3,934,354 | €91,046 | -€3.8m | -97.7% |
| Amounts receivable within one year | 40/41 | €3,796,899 | €25,055 | -€3.8m | -99.3% |
| Trade receivables | 40 | €25,873 | €20,795 | -€5,079 | -19.6% |
| Other amounts receivable | 41 | €3,771,025 | €4,260 | -€3.8m | -99.9% |
| Cash at bank and in hand | 54/58 | €106,254 | €18,828 | -€87,427 | -82.3% |
| Deferred charges and accrued income | 490/1 | €31,201 | €47,163 | +€15,963 | +51.2% |
| Total equity and liabilities | 10/49 | €16,031,062 | €8,055,762 | -€8.0m | -49.7% |
| Equity | 10/15 | €5,620,467 | €5,714,492 | +€94,025 | +1.7% |
| Contributions | 10/11 | €1,004,009 | €1,004,009 | = | 0.0% |
| Reserves | 13 | €4,616,458 | €4,710,483 | +€94,025 | +2.0% |
| Tax-exempt reserves | 132 | €1,843,954 | €1,545,432 | -€298,522 | -16.2% |
| Distributable reserves | 133 | €2,772,504 | €3,165,051 | +€392,547 | +14.2% |
| Provisions and deferred taxes | 16 | €533,258 | €433,751 | -€99,507 | -18.7% |
| Deferred taxes | 168 | €533,258 | €433,751 | -€99,507 | -18.7% |
| Amounts payable | 17/49 | €9,877,337 | €1,907,520 | -€8.0m | -80.7% |
| Amounts payable after more than one year | 17 | €4,610,567 | €1,486,038 | -€3.1m | -67.8% |
| Financial debts | 170/4 | €4,608,881 | €1,486,038 | -€3.1m | -67.8% |
| Other amounts payable | 178/9 | €1,685 | - | -€1,685 | |
| Amounts payable within one year | 42/48 | €5,256,933 | €404,318 | -€4.9m | -92.3% |
| Current portion of amounts payable after more than one year | 42 | €219,217 | €266,254 | +€47,037 | +21.5% |
| Trade debts | 44 | €120,214 | €12,219 | -€107,995 | -89.8% |
| Suppliers | 440/4 | €120,214 | €12,219 | -€107,995 | -89.8% |
| Taxes, remuneration and social security | 45 | €5,079 | €10,531 | +€5,453 | +107% |
| Taxes | 450/3 | €5,079 | €10,531 | +€5,453 | +107% |
| Other amounts payable | 47/48 | €4,912,423 | €115,313 | -€4.8m | -97.7% |
| Accrued charges and deferred income | 492/3 | €9,837 | €17,163 | +€7,326 | +74.5% |
| Non-recurring operating income | 76A | €320,054 | €1,669 | -€318,386 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,921 | €244,568 | -€60,353 | -19.8% |
| Other operating charges | 640/8 | €86,806 | €84,053 | -€2,753 | -3.2% |
| Non-recurring operating charges | 66A | - | €42,500 | +€42,500 | |
| Gross operating margin | 9900 | €578,302 | €416,739 | -€161,563 | -27.9% |
| Operating profit (loss) | 9901 | €186,575 | €45,617 | -€140,957 | -75.6% |
| Financial income | 75/76B | €21,554 | €8,189 | -€13,364 | -62.0% |
| Recurring financial income | 75 | €21,554 | €8,189 | -€13,364 | -62.0% |
| Financial charges | 65/66B | €96,313 | €59,289 | -€37,024 | -38.4% |
| Recurring financial charges | 65 | €96,313 | €59,289 | -€37,024 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €111,815 | -€5,482 | -€117,297 | |
| Transfer from deferred taxes | 780 | €24,433 | €99,507 | +€75,075 | +307% |
| Transfer to deferred taxes | 680 | €80,014 | - | -€80,014 | |
| Profit (loss) for the period | 9904 | €56,234 | €94,025 | +€37,791 | +67.2% |
| Transfer from tax-exempt reserves | 789 | €49,634 | €298,522 | +€248,888 | +501% |
| Transfer to tax-exempt reserves | 689 | €240,041 | - | -€240,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€134,172 | €392,547 | +€526,719 |
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 19 October 2026 via checked.be.