IMMOWIL: 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.
IMMOWIL
Largest movements
- Tangible fixed assets +€20,283
up €20,283 (+2.7%), from €757,849 to €778,132
of which Leasing and similar rights: +€39,460
- Profit (loss) carried forward +€38,001
up €38,001 (+33.8%), from €112,536 to €150,537
- Debts after one year -€21,545
down €21,545 (-4.2%), from €518,210 to €496,665
- Current portion of long-term debt +€9,446
up €9,446 (+18.2%), from €51,808 to €61,254
- Gross operating margin +€8,230
up €8,230 (+9.4%), from €87,872 to €96,102
- Depreciation +€6,816
up €6,816 (+35.8%), from €19,057 to €25,873
- Taxes +€2,604
up €2,604 (+26.3%), from €9,917 to €12,520
- Other operating charges +€2,092
up €2,092 (+21.5%), from €9,718 to €11,810
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 | €770,791 | €796,854 | +€26,063 | +3.4% |
| Fixed assets | 21/28 | €757,849 | €778,132 | +€20,283 | +2.7% |
| Tangible fixed assets | 22/27 | €757,849 | €778,132 | +€20,283 | +2.7% |
| Land and buildings | 22 | €756,526 | €737,950 | -€18,575 | -2.5% |
| Furniture and vehicles | 24 | €1,323 | €722 | -€602 | -45.5% |
| Leasing and similar rights | 25 | - | €39,460 | +€39,460 | |
| Current assets | 29/58 | €12,942 | €18,722 | +€5,780 | +44.7% |
| Amounts receivable within one year | 40/41 | €10,560 | €16,139 | +€5,580 | +52.8% |
| Trade receivables | 40 | €7,763 | €13,343 | +€5,580 | +71.9% |
| Other amounts receivable | 41 | €2,796 | €2,796 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €614 | €1,547 | +€933 | +152.1% |
| Deferred charges and accrued income | 490/1 | €1,769 | €1,036 | -€733 | -41.4% |
| Total equity and liabilities | 10/49 | €770,791 | €796,854 | +€26,063 | +3.4% |
| Equity | 10/15 | €152,536 | €190,537 | +€38,001 | +24.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,536 | €150,537 | +€38,001 | +33.8% |
| Amounts payable | 17/49 | €618,255 | €606,316 | -€11,939 | -1.9% |
| Amounts payable after more than one year | 17 | €518,210 | €496,665 | -€21,545 | -4.2% |
| Financial debts | 170/4 | €518,210 | €496,665 | -€21,545 | -4.2% |
| Amounts payable within one year | 42/48 | €98,795 | €108,401 | +€9,606 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €51,808 | €61,254 | +€9,446 | +18.2% |
| Trade debts | 44 | €1,232 | €0 | -€1,232 | -100.0% |
| Suppliers | 440/4 | €1,232 | €0 | -€1,232 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,551 | €6,437 | -€4,114 | -39.0% |
| Taxes | 450/3 | €10,551 | €6,437 | -€4,114 | -39.0% |
| Other amounts payable | 47/48 | €35,204 | €40,710 | +€5,505 | +15.6% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,292 | +€6,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,057 | €25,873 | +€6,816 | +35.8% |
| Other operating charges | 640/8 | €9,718 | €11,810 | +€2,092 | +21.5% |
| Gross operating margin | 9900 | €87,872 | €96,102 | +€8,230 | +9.4% |
| Operating profit (loss) | 9901 | €59,097 | €58,419 | -€678 | -1.1% |
| Financial charges | 65/66B | €7,091 | €7,897 | +€806 | +11.4% |
| Recurring financial charges | 65 | €7,091 | €7,897 | +€806 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €52,006 | €50,522 | -€1,484 | -2.9% |
| Income taxes | 67/77 | €9,917 | €12,520 | +€2,604 | +26.3% |
| Profit (loss) for the period | 9904 | €42,089 | €38,001 | -€4,088 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,089 | €38,001 | -€4,088 | -9.7% |
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 29 September 2026 via checked.be.