IMMOWILLCO: 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.
IMMOWILLCO
Largest movements
- Cash +€229,756
up €229,756 (+1,530%), from €15,013 to €244,769
mainly Net result for the year (+€352,474) and Depreciation (+€128,986)
- Tangible fixed assets -€128,986
down €128,986 (-3.9%), from €3.3m to €3.2m
of which Land and buildings: -€128,372
- Receivables within one year -€70,000
down €70,000 (-89.4%), from €78,287 to €8,287
of which Other amounts receivable: -€70,000
- Debts after one year -€248,850
down €248,850 (-46.2%), from €538,433 to €289,583
- Profit (loss) carried forward +€179,864
up €179,864 (+20.1%), from €896,952 to €1.1m
- Reserves +€172,610
up €172,610 (+13.5%), from €1.3m to €1.4m
of which Tax-exempt reserves: +€172,610
- Other debts -€85,000
down €85,000 (-26.6%), from €320,000 to €235,000
- Tax, wage and social debts -€59,245
down €59,245 (-61.8%), from €95,878 to €36,632
of which Taxes: -€59,245
- Gross operating margin +€124,377
up €124,377 (+21.7%), from €573,807 to €698,183
- Taxes +€103,897
up €103,897 (+969%), from €10,725 to €114,621
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,434,942 | €3,469,788 | +€34,846 | +1.0% |
| Fixed assets | 21/28 | €3,325,429 | €3,196,443 | -€128,986 | -3.9% |
| Tangible fixed assets | 22/27 | €3,325,429 | €3,196,443 | -€128,986 | -3.9% |
| Land and buildings | 22 | €3,324,815 | €3,196,443 | -€128,372 | -3.9% |
| Plant, machinery and equipment | 23 | €614 | €0 | -€614 | -100% |
| Current assets | 29/58 | €109,513 | €273,345 | +€163,832 | +150% |
| Amounts receivable within one year | 40/41 | €78,287 | €8,287 | -€70,000 | -89.4% |
| Trade receivables | 40 | €4,147 | €4,147 | = | 0.0% |
| Other amounts receivable | 41 | €74,140 | €4,140 | -€70,000 | -94.4% |
| Cash at bank and in hand | 54/58 | €15,013 | €244,769 | +€229,756 | +1,530% |
| Deferred charges and accrued income | 490/1 | €16,213 | €20,289 | +€4,076 | +25.1% |
| Total equity and liabilities | 10/49 | €3,434,942 | €3,469,788 | +€34,846 | +1.0% |
| Equity | 10/15 | €2,234,729 | €2,587,203 | +€352,474 | +15.8% |
| 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 | €1,275,778 | €1,448,388 | +€172,610 | +13.5% |
| Non-distributable reserves | 130/1 | €51,200 | €51,200 | = | 0.0% |
| Legal reserve | 130 | €51,200 | €51,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €172,610 | +€172,610 | |
| Distributable reserves | 133 | €1,224,578 | €1,224,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €896,952 | €1,076,815 | +€179,864 | +20.1% |
| Amounts payable | 17/49 | €1,200,213 | €882,585 | -€317,628 | -26.5% |
| Amounts payable after more than one year | 17 | €538,433 | €289,583 | -€248,850 | -46.2% |
| Financial debts | 170/4 | €538,433 | €289,583 | -€248,850 | -46.2% |
| Amounts payable within one year | 42/48 | €660,310 | €585,160 | -€75,150 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €238,788 | €248,850 | +€10,062 | +4.2% |
| Trade debts | 44 | €5,645 | €64,678 | +€59,033 | +1,046% |
| Suppliers | 440/4 | €5,645 | €64,678 | +€59,033 | +1,046% |
| Taxes, remuneration and social security | 45 | €95,878 | €36,632 | -€59,245 | -61.8% |
| Taxes | 450/3 | €95,878 | €36,632 | -€59,245 | -61.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €320,000 | €235,000 | -€85,000 | -26.6% |
| Accrued charges and deferred income | 492/3 | €1,470 | €7,842 | +€6,372 | +434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,986 | €128,986 | -€0 | 0.0% |
| Other operating charges | 640/8 | €65,870 | €67,713 | +€1,844 | +2.8% |
| Gross operating margin | 9900 | €573,807 | €698,183 | +€124,377 | +21.7% |
| Operating profit (loss) | 9901 | €378,951 | €501,484 | +€122,533 | +32.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €39,427 | €34,389 | -€5,039 | -12.8% |
| Recurring financial charges | 65 | €39,427 | €34,389 | -€5,039 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €339,524 | €467,095 | +€127,572 | +37.6% |
| Income taxes | 67/77 | €10,725 | €114,621 | +€103,897 | +969% |
| Profit (loss) for the period | 9904 | €328,799 | €352,474 | +€23,675 | +7.2% |
| Transfer to tax-exempt reserves | 689 | - | €172,610 | +€172,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €328,799 | €179,864 | -€148,935 | -45.3% |
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 27 October 2026 via checked.be.