IMMOLORE: what changed
Two fiscal 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.
IMMOLORE
Largest movements
- Tangible fixed assets +€20,146
up €20,146 (+3.2%), from €637,657 to €657,803
of which Assets under construction and advance payments: +€37,429
- Debts after one year -€40,000
down €40,000 (-25.0%), from €160,000 to €120,000
- Reserves +€38,348
up €38,348 (+10.7%), from €359,032 to €397,381
of which Distributable reserves: +€38,348
- Other debts +€16,021
up €16,021 (+26.3%), from €60,902 to €76,923
- Gross operating margin +€11,536
up €11,536 (+15.6%), from €74,080 to €85,616
- Turnover +€9,393
up €9,393 (+8.2%), from €115,204 to €124,597
- Taxes +€3,760
up €3,760 (+26.6%), from €14,136 to €17,896
- Purchases and services -€2,143
down €2,143 (-5.2%), from €41,124 to €38,981
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 | €724,825 | €747,648 | +€22,823 | +3.1% |
| Fixed assets | 21/28 | €637,657 | €657,803 | +€20,146 | +3.2% |
| Tangible fixed assets | 22/27 | €637,657 | €657,803 | +€20,146 | +3.2% |
| Land and buildings | 22 | €635,523 | €617,008 | -€18,515 | -2.9% |
| Plant, machinery and equipment | 23 | €2,135 | €3,366 | +€1,232 | +57.7% |
| Assets under construction and advance payments | 27 | - | €37,429 | +€37,429 | |
| Current assets | 29/58 | €87,168 | €89,845 | +€2,677 | +3.1% |
| Amounts receivable within one year | 40/41 | €18,923 | €20,864 | +€1,941 | +10.3% |
| Other amounts receivable | 41 | €18,923 | €20,864 | +€1,941 | +10.3% |
| Cash at bank and in hand | 54/58 | €68,246 | €68,981 | +€736 | +1.1% |
| Total equity and liabilities | 10/49 | €724,825 | €747,648 | +€22,823 | +3.1% |
| Equity | 10/15 | €448,274 | €486,622 | +€38,348 | +8.6% |
| Contributions | 10/11 | €89,242 | €89,242 | = | 0.0% |
| Capital | 10 | €89,242 | €89,242 | = | 0.0% |
| Issued capital | 100 | €89,242 | €89,242 | = | 0.0% |
| Reserves | 13 | €359,032 | €397,381 | +€38,348 | +10.7% |
| Non-distributable reserves | 130/1 | €8,924 | €8,924 | = | 0.0% |
| Legal reserve | 130 | €8,924 | €8,924 | = | 0.0% |
| Distributable reserves | 133 | €350,108 | €388,456 | +€38,348 | +11.0% |
| Amounts payable | 17/49 | €276,552 | €261,026 | -€15,526 | -5.6% |
| Amounts payable after more than one year | 17 | €160,000 | €120,000 | -€40,000 | -25.0% |
| Financial debts | 170/4 | €160,000 | €120,000 | -€40,000 | -25.0% |
| Amounts payable within one year | 42/48 | €116,551 | €141,026 | +€24,474 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | - | €4,521 | +€4,521 | |
| Suppliers | 440/4 | - | €4,521 | +€4,521 | |
| Taxes, remuneration and social security | 45 | €15,649 | €19,582 | +€3,932 | +25.1% |
| Taxes | 450/3 | €15,649 | €19,582 | +€3,932 | +25.1% |
| Other amounts payable | 47/48 | €60,902 | €76,923 | +€16,021 | +26.3% |
| Turnover | 70 | €115,204 | €124,597 | +€9,393 | +8.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,124 | €38,981 | -€2,143 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,783 | €19,766 | -€17 | -0.1% |
| Gross operating margin | 9900 | €74,080 | €85,616 | +€11,536 | +15.6% |
| Operating profit (loss) | 9901 | €54,297 | €65,850 | +€11,553 | +21.3% |
| Financial charges | 65/66B | €9,869 | €9,606 | -€263 | -2.7% |
| Recurring financial charges | 65 | €9,869 | €9,606 | -€263 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €44,428 | €56,244 | +€11,817 | +26.6% |
| Income taxes | 67/77 | €14,136 | €17,896 | +€3,760 | +26.6% |
| Profit (loss) for the period | 9904 | €30,292 | €38,348 | +€8,057 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,292 | €38,348 | +€8,057 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.