IMMOVILLE: 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.
What changed
IMMOVILLE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€298,693
2024 · €295,098+€3,595
Equity
€1.4m
2024 · €1.1m+€302,733
Cash
€190,418
2024 · €191,101-€683
Balance sheet total
€3.5m
2024 · €2.7m+€833,718
Largest movements
Assets
- Tangible fixed assets +€580,844
up €580,844 (+31.0%), from €1.9m to €2.5m
of which Land and buildings: +€592,771
- Deferred charges and accrued income +€191,743
up €191,743 (+2,725%), from €7,037 to €198,780
- Stocks and contracts +€82,000
up €82,000 (+15.6%), from €524,000 to €606,000
Equity and liabilities
- Debts after one year +€504,632
up €504,632 (+71.3%), from €707,716 to €1.2m
of which Other amounts payable: +€340,000
- Profit (loss) carried forward +€182,619
up €182,619 (+18.8%), from €971,401 to €1.2m
- Short-term financial debts -€115,000
down €115,000 (-21.9%), from €525,000 to €410,000
- Contributions +€109,200
up €109,200 (+144%), from €75,900 to €185,100
- Tax, wage and social debts +€108,734
up €108,734 (+121%), from €89,568 to €198,302
Income statement
- Gross operating margin +€6,015
up €6,015 (+1.0%), from €572,902 to €578,917
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.
Result 2024
€295,098
Gross operating margin
+€6,015
Depreciation
+€3,587
Other operating charges
-€2,481
Financial charges
-€2,360
Taxes
-€1,166
Result 2025
€298,693
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€327,771
Investment
-€666,128
Financing
+€337,674
Cash 2024
€191,101
From operations (derived)
+€327,771
Net result for the year
+€298,693
Depreciation
+€85,284
Stocks and contracts
-€82,000
Receivables within one year
+€20,187
Deferred charges and accrued income
-€191,743
Smaller working-capital items
+€91
Tax, wage and social debts
+€108,734
Other debts
+€86,180
Accrued charges and deferred income
+€2,346
Investment (derived)
-€666,128
Investment in fixed assets (net)
-€666,128
Financing
+€337,674
Debts after one year
+€504,632
Current portion of long-term debt
-€55,999
Short-term financial debts
-€115,000
Contributions, distributions and other
+€4,040
Cash 2025
€190,418
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,653,467 | €3,487,185 | +€833,718 | +31.4% |
| Fixed assets | 21/28 | €1,881,904 | €2,462,748 | +€580,844 | +30.9% |
| Tangible fixed assets | 22/27 | €1,871,204 | €2,452,048 | +€580,844 | +31.0% |
| Land and buildings | 22 | €1,827,846 | €2,420,617 | +€592,771 | +32.4% |
| Plant, machinery and equipment | 23 | €26,826 | €18,341 | -€8,485 | -31.6% |
| Other tangible fixed assets | 26 | €16,533 | €13,091 | -€3,442 | -20.8% |
| Financial fixed assets | 28 | €10,700 | €10,700 | = | 0.0% |
| Current assets | 29/58 | €771,563 | €1,024,437 | +€252,874 | +32.8% |
| Stocks and contracts in progress | 3 | €524,000 | €606,000 | +€82,000 | +15.6% |
| Stocks | 30/36 | €524,000 | €606,000 | +€82,000 | +15.6% |
| Amounts receivable within one year | 40/41 | €49,426 | €29,239 | -€20,187 | -40.8% |
| Trade receivables | 40 | €5,078 | €2,531 | -€2,547 | -50.2% |
| Other amounts receivable | 41 | €44,348 | €26,707 | -€17,641 | -39.8% |
| Cash at bank and in hand | 54/58 | €191,101 | €190,418 | -€683 | -0.4% |
| Deferred charges and accrued income | 490/1 | €7,037 | €198,780 | +€191,743 | +2,725% |
| Total equity and liabilities | 10/49 | €2,653,467 | €3,487,185 | +€833,718 | +31.4% |
| Equity | 10/15 | €1,131,832 | €1,434,565 | +€302,733 | +26.7% |
| Contributions | 10/11 | €75,900 | €185,100 | +€109,200 | +144% |
| Capital | 10 | €75,900 | €185,100 | +€109,200 | +144% |
| Issued capital | 100 | €75,900 | €185,100 | +€109,200 | +144% |
| Reserves | 13 | €84,531 | €95,445 | +€10,914 | +12.9% |
| Non-distributable reserves | 130/1 | €22,272 | €33,192 | +€10,920 | +49.0% |
| Legal reserve | 130 | €7,590 | €18,510 | +€10,920 | +144% |
| Reserves not available under the articles | 1311 | €14,682 | €14,682 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €4,173 | €4,167 | -€6 | -0.1% |
| Distributable reserves | 133 | €58,086 | €58,086 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €971,401 | €1,154,020 | +€182,619 | +18.8% |
| Provisions and deferred taxes | 16 | €27 | €25 | -€2 | -6.6% |
| Deferred taxes | 168 | €27 | €25 | -€2 | -6.6% |
| Amounts payable | 17/49 | €1,521,609 | €2,052,595 | +€530,986 | +34.9% |
| Amounts payable after more than one year | 17 | €707,716 | €1,212,348 | +€504,632 | +71.3% |
| Financial debts | 170/4 | €707,716 | €872,348 | +€164,632 | +23.3% |
| Other amounts payable | 178/9 | - | €340,000 | +€340,000 | |
| Amounts payable within one year | 42/48 | €813,748 | €837,756 | +€24,008 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €141,516 | €85,517 | -€55,999 | -39.6% |
| Financial debts | 43 | €525,000 | €410,000 | -€115,000 | -21.9% |
| Credit institutions | 430/8 | €525,000 | €410,000 | -€115,000 | -21.9% |
| Trade debts | 44 | €0 | €93 | +€93 | |
| Suppliers | 440/4 | €0 | €93 | +€93 | |
| Taxes, remuneration and social security | 45 | €89,568 | €198,302 | +€108,734 | +121% |
| Taxes | 450/3 | €89,568 | €198,302 | +€108,734 | +121% |
| Other amounts payable | 47/48 | €57,664 | €143,844 | +€86,180 | +149% |
| Accrued charges and deferred income | 492/3 | €145 | €2,491 | +€2,346 | +1,623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,871 | €85,284 | -€3,587 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €47,438 | €49,919 | +€2,481 | +5.2% |
| Gross operating margin | 9900 | €572,902 | €578,917 | +€6,015 | +1.0% |
| Operating profit (loss) | 9901 | €436,593 | €443,714 | +€7,121 | +1.6% |
| Financial charges | 65/66B | €33,929 | €36,289 | +€2,360 | +7.0% |
| Recurring financial charges | 65 | €33,929 | €36,289 | +€2,360 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €402,664 | €407,425 | +€4,761 | +1.2% |
| Transfer from deferred taxes | 780 | €2 | - | -€2 | |
| Income taxes | 67/77 | €107,568 | €108,734 | +€1,166 | +1.1% |
| Profit (loss) for the period | 9904 | €295,098 | €298,693 | +€3,595 | +1.2% |
| Transfer from tax-exempt reserves | 789 | €6 | - | -€6 | |
| Profit (loss) for the period to be appropriated | 9905 | €295,104 | €298,699 | +€3,595 | +1.2% |
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 13 October 2026 via checked.be.