IMMOVLAH: 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.
IMMOVLAH
Largest movements
- Receivables within one year +€7,475
up €7,475 (+459.9%), from €1,625 to €9,100
- Cash +€6,051
up €6,051 (+30.6%), from €19,756 to €25,807
mainly Other debts (+€18,000) and Depreciation (+€10,462)
- Other debts +€18,000
new in 2025: €18,000
- Profit (loss) carried forward -€3,142
down €3,142 (-3.1%), from -€100,919 to -€104,061
- Depreciation -€1,565
down €1,565 (-13.0%), from €12,027 to €10,462
- Gross operating margin -€1,042
down €1,042 (-10.4%), from €10,049 to €9,007
- Other operating charges -€214
down €214 (-12.2%), from €1,761 to €1,547
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 | €128,430 | €143,288 | +€14,858 | +11.6% |
| Fixed assets | 21/28 | €107,048 | €108,380 | +€1,332 | +1.2% |
| Tangible fixed assets | 22/27 | €106,999 | €108,331 | +€1,332 | +1.2% |
| Land and buildings | 22 | €76,062 | €77,394 | +€1,332 | +1.8% |
| Leasing and similar rights | 25 | €30,937 | €30,937 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €21,381 | €34,907 | +€13,526 | +63.3% |
| Amounts receivable within one year | 40/41 | €1,625 | €9,100 | +€7,475 | +459.9% |
| Trade receivables | 40 | €1,625 | €9,100 | +€7,475 | +459.9% |
| Cash at bank and in hand | 54/58 | €19,756 | €25,807 | +€6,051 | +30.6% |
| Total equity and liabilities | 10/49 | €128,430 | €143,288 | +€14,858 | +11.6% |
| Equity | 10/15 | €128,430 | €125,288 | -€3,142 | -2.4% |
| Contributions | 10/11 | €229,349 | €229,349 | = | 0.0% |
| Capital | 10 | €229,349 | €229,349 | = | 0.0% |
| Issued capital | 100 | €229,349 | €229,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,919 | -€104,061 | -€3,142 | -3.1% |
| Amounts payable | 17/49 | - | €18,000 | +€18,000 | |
| Amounts payable within one year | 42/48 | - | €18,000 | +€18,000 | |
| Other amounts payable | 47/48 | - | €18,000 | +€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,027 | €10,462 | -€1,565 | -13.0% |
| Other operating charges | 640/8 | €1,761 | €1,547 | -€214 | -12.2% |
| Non-recurring operating charges | 66A | - | €144 | +€144 | |
| Gross operating margin | 9900 | €10,049 | €9,007 | -€1,042 | -10.4% |
| Operating profit (loss) | 9901 | -€3,739 | -€3,147 | +€592 | +15.8% |
| Financial income | 75/76B | €104 | €110 | +€6 | +5.7% |
| Recurring financial income | 75 | €104 | €110 | +€6 | +5.7% |
| Financial charges | 65/66B | €80 | €73 | -€8 | -9.7% |
| Recurring financial charges | 65 | €80 | €73 | -€8 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,715 | -€3,109 | +€606 | +16.3% |
| Income taxes | 67/77 | €31 | €33 | +€2 | +5.7% |
| Profit (loss) for the period | 9904 | -€3,746 | -€3,142 | +€604 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,746 | -€3,142 | +€604 | +16.1% |
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 4 October 2026 via checked.be.