IMMOLUK: 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.
IMMOLUK
Largest movements
- Cash +€78,392
up €78,392 (+79.4%), from €98,694 to €177,087
mainly Receivables within one year (+€33,728) and Net result for the year (+€26,774)
- Receivables within one year -€33,728
down €33,728 (-43.5%), from €77,610 to €43,882
- Tangible fixed assets -€17,890
down €17,890 (-8.4%), from €212,057 to €194,166
of which Land and buildings: -€15,358
- Reserves +€26,774
up €26,774 (+7.8%), from €344,585 to €371,360
of which Distributable reserves: +€30,584
- Gross operating margin -€39,274
down €39,274 (-38.5%), from €101,890 to €62,616
- Depreciation -€10,436
down €10,436 (-36.8%), from €28,326 to €17,890
- Other operating charges +€8,817
new in 2025: €8,817
- Taxes -€7,535
down €7,535 (-37.6%), from €20,023 to €12,488
- Financial income +€3,174
up €3,174 (+1160.6%), from €274 to €3,448
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 | €388,360 | €415,135 | +€26,774 | +6.9% |
| Fixed assets | 21/28 | €212,057 | €194,166 | -€17,890 | -8.4% |
| Tangible fixed assets | 22/27 | €212,057 | €194,166 | -€17,890 | -8.4% |
| Land and buildings | 22 | €198,115 | €182,757 | -€15,358 | -7.8% |
| Plant, machinery and equipment | 23 | €13,942 | €11,410 | -€2,533 | -18.2% |
| Current assets | 29/58 | €176,304 | €220,968 | +€44,665 | +25.3% |
| Amounts receivable within one year | 40/41 | €77,610 | €43,882 | -€33,728 | -43.5% |
| Other amounts receivable | 41 | €77,610 | €43,882 | -€33,728 | -43.5% |
| Cash at bank and in hand | 54/58 | €98,694 | €177,087 | +€78,392 | +79.4% |
| Total equity and liabilities | 10/49 | €388,360 | €415,135 | +€26,774 | +6.9% |
| Equity | 10/15 | €382,686 | €409,460 | +€26,774 | +7.0% |
| Contributions | 10/11 | €38,100 | €38,100 | = | 0.0% |
| Capital | 10 | €38,100 | - | -€38,100 | |
| Issued capital | 100 | €38,100 | - | -€38,100 | |
| Outside capital | 11 | - | €38,100 | +€38,100 | |
| Other | 1109/19 | - | €38,100 | +€38,100 | |
| Reserves | 13 | €344,585 | €371,360 | +€26,774 | +7.8% |
| Non-distributable reserves | 130/1 | €3,810 | - | -€3,810 | |
| Legal reserve | 130 | €3,810 | - | -€3,810 | |
| Tax-exempt reserves | 132 | €17,973 | €17,973 | = | 0.0% |
| Distributable reserves | 133 | €322,802 | €353,387 | +€30,584 | +9.5% |
| Amounts payable | 17/49 | €5,675 | €5,675 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,675 | €5,675 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,340 | €5,340 | = | 0.0% |
| Taxes | 450/3 | €5,340 | €5,340 | = | 0.0% |
| Other amounts payable | 47/48 | €335 | €335 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,326 | €17,890 | -€10,436 | -36.8% |
| Other operating charges | 640/8 | - | €8,817 | +€8,817 | |
| Gross operating margin | 9900 | €101,890 | €62,616 | -€39,274 | -38.5% |
| Operating profit (loss) | 9901 | €73,563 | €35,909 | -€37,654 | -51.2% |
| Financial income | 75/76B | €274 | €3,448 | +€3,174 | +1160.6% |
| Recurring financial income | 75 | €274 | €3,448 | +€3,174 | +1160.6% |
| Financial charges | 65/66B | €419 | €95 | -€324 | -77.4% |
| Recurring financial charges | 65 | €419 | €95 | -€324 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €73,418 | €39,262 | -€34,156 | -46.5% |
| Income taxes | 67/77 | €20,023 | €12,488 | -€7,535 | -37.6% |
| Profit (loss) for the period | 9904 | €53,395 | €26,774 | -€26,621 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,395 | €26,774 | -€26,621 | -49.9% |
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 5 October 2026 via checked.be.