IMMOLUDEF: 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.
IMMOLUDEF
Largest movements
- Current investments -€130,046
down €130,046 (-11.8%), from €1.1m to €975,099
- Cash -€51,996
down €51,996 (-3.0%), from €1.7m to €1.7m
mainly Other debts (-€159,977) and Tax, wage and social debts (-€46,857)
- Other debts -€159,977
down €159,977 (-99.7%), from €160,448 to €472
- Tax, wage and social debts -€46,857
down €46,857 (-96.2%), from €48,709 to €1,851
- Profit (loss) carried forward +€34,436
up €34,436 (+454.1%), from €7,584 to €42,020
- Financial income -€2.6m
down €2.6m (-97.6%), from €2.7m to €64,084
of which Non-recurring financial income: -€2.7m
- Provisions +€285,000
no longer reported in 2025 (was -€285,000)
- Taxes -€47,167
down €47,167 (-99.5%), from €47,400 to €233
- Depreciation -€10,489
down €10,489 (-45.0%), from €23,298 to €12,809
- Gross operating margin -€5,494
down €5,494 (-108.6%), from -€5,058 to -€10,552
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 | €2,966,066 | €2,788,525 | -€177,541 | -6.0% |
| Fixed assets | 21/28 | €140,942 | €128,133 | -€12,809 | -9.1% |
| Tangible fixed assets | 22/27 | €140,942 | €128,133 | -€12,809 | -9.1% |
| Land and buildings | 22 | €138,854 | €127,089 | -€11,765 | -8.5% |
| Furniture and vehicles | 24 | €2,088 | €1,044 | -€1,044 | -50.0% |
| Current assets | 29/58 | €2,825,124 | €2,660,392 | -€164,732 | -5.8% |
| Amounts receivable within one year | 40/41 | - | €21,136 | +€21,136 | |
| Other amounts receivable | 41 | - | €21,136 | +€21,136 | |
| Current investments | 50/53 | €1,105,145 | €975,099 | -€130,046 | -11.8% |
| Cash at bank and in hand | 54/58 | €1,716,153 | €1,664,157 | -€51,996 | -3.0% |
| Deferred charges and accrued income | 490/1 | €3,825 | - | -€3,825 | |
| Total equity and liabilities | 10/49 | €2,966,066 | €2,788,525 | -€177,541 | -6.0% |
| Equity | 10/15 | €2,069,959 | €2,104,395 | +€34,436 | +1.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,000,375 | €2,000,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,994,175 | €1,994,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,584 | €42,020 | +€34,436 | +454.1% |
| Provisions and deferred taxes | 16 | €664,725 | €664,725 | = | 0.0% |
| Deferred taxes | 168 | €664,725 | €664,725 | = | 0.0% |
| Amounts payable | 17/49 | €231,382 | €19,405 | -€211,977 | -91.6% |
| Amounts payable after more than one year | 17 | €17,082 | €11,820 | -€5,262 | -30.8% |
| Financial debts | 170/4 | €17,082 | €11,820 | -€5,262 | -30.8% |
| Amounts payable within one year | 42/48 | €214,300 | €7,585 | -€206,715 | -96.5% |
| Current portion of amounts payable after more than one year | 42 | €5,143 | €5,262 | +€118 | +2.3% |
| Taxes, remuneration and social security | 45 | €48,709 | €1,851 | -€46,857 | -96.2% |
| Taxes | 450/3 | €48,709 | €1,851 | -€46,857 | -96.2% |
| Other amounts payable | 47/48 | €160,448 | €472 | -€159,977 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,298 | €12,809 | -€10,489 | -45.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€285,000 | - | +€285,000 | |
| Other operating charges | 640/8 | €3,380 | €4,945 | +€1,565 | +46.3% |
| Gross operating margin | 9900 | -€5,058 | -€10,552 | -€5,494 | -108.6% |
| Operating profit (loss) | 9901 | €253,264 | -€28,306 | -€281,570 | |
| Financial income | 75/76B | €2,663,092 | €64,084 | -€2.6m | -97.6% |
| Recurring financial income | 75 | €4,192 | €64,084 | +€59,892 | +1428.8% |
| Non-recurring financial income | 76B | €2,658,900 | - | -€2.7m | |
| Financial charges | 65/66B | €1,220 | €1,109 | -€111 | -9.1% |
| Recurring financial charges | 65 | €1,220 | €1,109 | -€111 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €2,915,136 | €34,669 | -€2.9m | -98.8% |
| Transfer to deferred taxes | 680 | €664,725 | - | -€664,725 | |
| Income taxes | 67/77 | €47,400 | €233 | -€47,167 | -99.5% |
| Profit (loss) for the period | 9904 | €2,203,011 | €34,436 | -€2.2m | -98.4% |
| Transfer to tax-exempt reserves | 689 | €1,994,175 | - | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €208,836 | €34,436 | -€174,400 | -83.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.