IMMOLU: 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.
IMMOLU
Largest movements
- Cash -€28,882
down €28,882 (-10.5%), from €276,140 to €247,257
mainly Contributions, distributions and other (-€96,311) and Debts after one year (-€19,862)
- Tangible fixed assets -€10,275
down €10,275 (-4.0%), from €257,910 to €247,635
- Reserves -€98,322
down €98,322 (-33.1%), from €296,845 to €198,523
of which Distributable reserves: -€96,311
- Other debts +€89,407
up €89,407 (+647.4%), from €13,809 to €103,216
- Debts after one year -€19,862
down €19,862 (-16.6%), from €119,529 to €99,667
- Profit (loss) carried forward -€11,842
down €11,842 (-116.7%), from -€10,149 to -€21,991
- Depreciation -€2,339
down €2,339 (-18.5%), from €12,614 to €10,275
- Financial income -€1,682
down €1,682 (-43.7%), from €3,852 to €2,170
- Financial charges -€906
down €906 (-12.7%), from €7,112 to €6,206
- Gross operating margin +€275
up €275 (+5.6%), from €4,899 to €5,174
- Other operating charges +€142
up €142 (+3.1%), from €4,574 to €4,716
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 | €602,127 | €562,276 | -€39,851 | -6.6% |
| Fixed assets | 21/28 | €257,910 | €247,635 | -€10,275 | -4.0% |
| Tangible fixed assets | 22/27 | €257,910 | €247,635 | -€10,275 | -4.0% |
| Land and buildings | 22 | €257,910 | €247,635 | -€10,275 | -4.0% |
| Current assets | 29/58 | €344,217 | €314,641 | -€29,576 | -8.6% |
| Amounts receivable within one year | 40/41 | €68,078 | €67,384 | -€694 | -1.0% |
| Trade receivables | 40 | - | €1,054 | +€1,054 | |
| Other amounts receivable | 41 | €68,078 | €66,330 | -€1,748 | -2.6% |
| Cash at bank and in hand | 54/58 | €276,140 | €247,257 | -€28,882 | -10.5% |
| Total equity and liabilities | 10/49 | €602,127 | €562,276 | -€39,851 | -6.6% |
| Equity | 10/15 | €449,696 | €339,531 | -€110,164 | -24.5% |
| Contributions | 10/11 | €163,000 | €163,000 | = | 0.0% |
| Contributions outside capital | 11 | €163,000 | - | -€163,000 | |
| Other | 1109/19 | €163,000 | - | -€163,000 | |
| Reserves | 13 | €296,845 | €198,523 | -€98,322 | -33.1% |
| Tax-exempt reserves | 132 | €199,289 | €197,277 | -€2,011 | -1.0% |
| Distributable reserves | 133 | €97,556 | €1,245 | -€96,311 | -98.7% |
| Profit (loss) carried forward | 14 | -€10,149 | -€21,991 | -€11,842 | -116.7% |
| Amounts payable | 17/49 | €152,432 | €222,745 | +€70,313 | +46.1% |
| Amounts payable after more than one year | 17 | €119,529 | €99,667 | -€19,862 | -16.6% |
| Financial debts | 170/4 | €119,529 | €99,667 | -€19,862 | -16.6% |
| Amounts payable within one year | 42/48 | €32,903 | €123,078 | +€90,175 | +274.1% |
| Current portion of amounts payable after more than one year | 42 | €18,959 | €19,862 | +€903 | +4.8% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €8 | - | -€8 | |
| Taxes | 450/3 | €8 | - | -€8 | |
| Other amounts payable | 47/48 | €13,809 | €103,216 | +€89,407 | +647.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,614 | €10,275 | -€2,339 | -18.5% |
| Other operating charges | 640/8 | €4,574 | €4,716 | +€142 | +3.1% |
| Gross operating margin | 9900 | €4,899 | €5,174 | +€275 | +5.6% |
| Operating profit (loss) | 9901 | -€12,289 | -€9,817 | +€2,472 | +20.1% |
| Financial income | 75/76B | €3,852 | €2,170 | -€1,682 | -43.7% |
| Recurring financial income | 75 | €3,852 | €2,170 | -€1,682 | -43.7% |
| Financial charges | 65/66B | €7,112 | €6,206 | -€906 | -12.7% |
| Recurring financial charges | 65 | €7,112 | €6,206 | -€906 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,549 | -€13,853 | +€1,696 | +10.9% |
| Profit (loss) for the period | 9904 | -€15,549 | -€13,853 | +€1,696 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €5,400 | €2,011 | -€3,389 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,149 | -€11,842 | -€1,693 | -16.7% |
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.