IMMOXEL: 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.
IMMOXEL
Largest movements
- Tangible fixed assets -€68,853
down €68,853 (-8.7%), from €790,964 to €722,111
- Receivables within one year +€60,001
up €60,001 (+94.9%), from €63,239 to €123,240
of which Other amounts receivable: +€60,297
- Debts after one year -€163,641
down €163,641 (-24.9%), from €656,350 to €492,709
of which Financial debts: -€163,376
- Profit (loss) carried forward +€129,579
up €129,579 (+24.2%), from -€534,853 to -€405,274
- Other debts +€26,576
up €26,576 (+2.0%), from €1.3m to €1.3m
- Gross operating margin +€64,046
up €64,046 (+36.2%), from €176,863 to €240,909
- Financial charges -€8,686
down €8,686 (-26.4%), from €32,876 to €24,190
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 | €2,462,318 | €2,467,953 | +€5,635 | +0.2% |
| Fixed assets | 21/28 | €2,391,636 | €2,322,783 | -€68,853 | -2.9% |
| Tangible fixed assets | 22/27 | €790,964 | €722,111 | -€68,853 | -8.7% |
| Land and buildings | 22 | €790,964 | €722,111 | -€68,853 | -8.7% |
| Financial fixed assets | 28 | €1,600,672 | €1,600,672 | = | 0.0% |
| Current assets | 29/58 | €70,682 | €145,170 | +€74,488 | +105.4% |
| Amounts receivable within one year | 40/41 | €63,239 | €123,240 | +€60,001 | +94.9% |
| Trade receivables | 40 | €295 | - | -€295 | |
| Other amounts receivable | 41 | €62,943 | €123,240 | +€60,297 | +95.8% |
| Cash at bank and in hand | 54/58 | €2,963 | €17,504 | +€14,542 | +490.9% |
| Deferred charges and accrued income | 490/1 | €4,480 | €4,425 | -€55 | -1.2% |
| Total equity and liabilities | 10/49 | €2,462,318 | €2,467,953 | +€5,635 | +0.2% |
| Equity | 10/15 | €328,851 | €458,430 | +€129,579 | +39.4% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Revaluation surpluses | 12 | €829,604 | €829,604 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Other | 1319 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€534,853 | -€405,274 | +€129,579 | +24.2% |
| Amounts payable | 17/49 | €2,133,467 | €2,009,523 | -€123,944 | -5.8% |
| Amounts payable after more than one year | 17 | €656,350 | €492,709 | -€163,641 | -24.9% |
| Financial debts | 170/4 | €610,870 | €447,494 | -€163,376 | -26.7% |
| Other amounts payable | 178/9 | €45,480 | €45,215 | -€265 | -0.6% |
| Amounts payable within one year | 42/48 | €1,477,117 | €1,516,814 | +€39,697 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €162,712 | €176,700 | +€13,988 | +8.6% |
| Trade debts | 44 | €14,357 | €13,345 | -€1,013 | -7.1% |
| Suppliers | 440/4 | €14,357 | €13,345 | -€1,013 | -7.1% |
| Taxes, remuneration and social security | 45 | €1,166 | €1,312 | +€146 | +12.5% |
| Taxes | 450/3 | €1,166 | €1,312 | +€146 | +12.5% |
| Other amounts payable | 47/48 | €1,298,881 | €1,325,456 | +€26,576 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,753 | €86,142 | -€1,611 | -1.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €176,863 | €240,909 | +€64,046 | +36.2% |
| Operating profit (loss) | 9901 | €88,142 | €153,769 | +€65,627 | +74.5% |
| Financial charges | 65/66B | €32,876 | €24,190 | -€8,686 | -26.4% |
| Recurring financial charges | 65 | €32,876 | €24,190 | -€8,686 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €55,266 | €129,579 | +€74,312 | +134.5% |
| Profit (loss) for the period | 9904 | €55,266 | €129,579 | +€74,312 | +134.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,266 | €129,579 | +€74,312 | +134.5% |
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 8 October 2026 via checked.be.