IMMOLOUK: 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.
IMMOLOUK
Largest movements
- Tangible fixed assets +€219,942
up €219,942 (+18.1%), from €1.2m to €1.4m
of which Land and buildings: +€218,388
- Other debts +€249,200
up €249,200 (+37.7%), from €661,023 to €910,222
- Debts after one year -€41,800
down €41,800 (-8.4%), from €499,586 to €457,786
of which Financial debts: -€47,478
- Gross operating margin +€16,700
up €16,700 (+21.0%), from €79,400 to €96,100
- Depreciation +€9,091
up €9,091 (+18.9%), from €48,199 to €57,289
- Taxes +€4,034
up €4,034 (+153.2%), from €2,634 to €6,668
- Other operating charges +€3,774
up €3,774 (+63.1%), from €5,983 to €9,758
- Staff costs +€2,022
new in 2025: €2,022
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 | €1,223,092 | €1,444,990 | +€221,899 | +18.1% |
| Fixed assets | 21/28 | €1,214,174 | €1,434,116 | +€219,942 | +18.1% |
| Tangible fixed assets | 22/27 | €1,214,174 | €1,434,116 | +€219,942 | +18.1% |
| Land and buildings | 22 | €1,214,174 | €1,432,562 | +€218,388 | +18.0% |
| Assets under construction and advance payments | 27 | - | €1,554 | +€1,554 | |
| Current assets | 29/58 | €8,918 | €10,875 | +€1,957 | +21.9% |
| Amounts receivable within one year | 40/41 | - | €715 | +€715 | |
| Trade receivables | 40 | - | €715 | +€715 | |
| Cash at bank and in hand | 54/58 | €8,918 | €8,232 | -€686 | -7.7% |
| Deferred charges and accrued income | 490/1 | - | €1,928 | +€1,928 | |
| Total equity and liabilities | 10/49 | €1,223,092 | €1,444,990 | +€221,899 | +18.1% |
| Equity | 10/15 | €11,048 | €25,015 | +€13,967 | +126.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €13,965 | +€13,965 | |
| Distributable reserves | 133 | - | €13,965 | +€13,965 | |
| Profit (loss) carried forward | 14 | €9,048 | €9,050 | +€2 | 0.0% |
| Amounts payable | 17/49 | €1,212,044 | €1,419,975 | +€207,931 | +17.2% |
| Amounts payable after more than one year | 17 | €499,586 | €457,786 | -€41,800 | -8.4% |
| Financial debts | 170/4 | €499,586 | €452,108 | -€47,478 | -9.5% |
| Other amounts payable | 178/9 | - | €5,678 | +€5,678 | |
| Amounts payable within one year | 42/48 | €712,458 | €962,189 | +€249,731 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €48,801 | €47,478 | -€1,324 | -2.7% |
| Trade debts | 44 | €0 | €38 | +€38 | |
| Suppliers | 440/4 | €0 | €38 | +€38 | |
| Taxes, remuneration and social security | 45 | €2,634 | €4,451 | +€1,817 | +69.0% |
| Taxes | 450/3 | €2,634 | €4,301 | +€1,668 | +63.3% |
| Remuneration and social security | 454/9 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €661,023 | €910,222 | +€249,200 | +37.7% |
| Remuneration, social security and pensions | 62 | - | €2,022 | +€2,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,199 | €57,289 | +€9,091 | +18.9% |
| Other operating charges | 640/8 | €5,983 | €9,758 | +€3,774 | +63.1% |
| Gross operating margin | 9900 | €79,400 | €96,100 | +€16,700 | +21.0% |
| Operating profit (loss) | 9901 | €25,218 | €27,031 | +€1,813 | +7.2% |
| Financial charges | 65/66B | €6,875 | €6,396 | -€479 | -7.0% |
| Recurring financial charges | 65 | €6,875 | €6,396 | -€479 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €18,343 | €20,635 | +€2,292 | +12.5% |
| Income taxes | 67/77 | €2,634 | €6,668 | +€4,034 | +153.2% |
| Profit (loss) for the period | 9904 | €15,709 | €13,967 | -€1,742 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,709 | €13,967 | -€1,742 | -11.1% |
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 2 October 2026 via checked.be.