IMMOZEL: 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.
IMMOZEL
Largest movements
- Tangible fixed assets -€899,334
down €899,334 (-32.2%), from €2.8m to €1.9m
- Revaluation surpluses -€842,363
down €842,363 (-54.1%), from €1.6m to €713,497
- Debts after one year -€101,134
down €101,134 (-9.5%), from €1.1m to €966,804
of which Financial debts: -€101,134
- Profit (loss) carried forward +€36,297
up €36,297 (+61.8%), from €58,705 to €95,002
- Turnover +€141,022
new in 2025: €141,022
- Financial charges -€10,670
down €10,670 (-35.3%), from €30,240 to €19,570
- Gross operating margin -€9,484
down €9,484 (-6.7%), from €142,069 to €132,585
- Other operating charges -€9,111
down €9,111 (-56.7%), from €16,070 to €6,959
- Purchases and services +€8,437
new in 2025: €8,437
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 | €2,859,318 | €1,966,392 | -€892,925 | -31.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,792,721 | €1,893,387 | -€899,334 | -32.2% |
| Tangible fixed assets | 22/27 | €2,792,363 | €1,893,030 | -€899,334 | -32.2% |
| Land and buildings | 22 | €2,792,363 | €1,893,030 | -€899,334 | -32.2% |
| Financial fixed assets | 28 | €358 | €358 | = | 0.0% |
| Current assets | 29/58 | €66,597 | €73,005 | +€6,408 | +9.6% |
| Amounts receivable within one year | 40/41 | €61,694 | €71,694 | +€10,000 | +16.2% |
| Other amounts receivable | 41 | €61,694 | €71,694 | +€10,000 | +16.2% |
| Current investments | 50/53 | - | €1,308 | +€1,308 | |
| Cash at bank and in hand | 54/58 | €3 | €3 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,900 | €0 | -€4,900 | -100.0% |
| Total equity and liabilities | 10/49 | €2,859,318 | €1,966,392 | -€892,925 | -31.2% |
| Equity | 10/15 | €1,633,165 | €827,099 | -€806,066 | -49.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,555,861 | €713,497 | -€842,363 | -54.1% |
| Profit (loss) carried forward | 14 | €58,705 | €95,002 | +€36,297 | +61.8% |
| Amounts payable | 17/49 | €1,226,152 | €1,139,293 | -€86,859 | -7.1% |
| Amounts payable after more than one year | 17 | €1,067,938 | €966,804 | -€101,134 | -9.5% |
| Financial debts | 170/4 | €609,038 | €507,904 | -€101,134 | -16.6% |
| Other amounts payable | 178/9 | €458,900 | €458,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €158,214 | €172,489 | +€14,275 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €105,305 | €106,134 | +€829 | +0.8% |
| Trade debts | 44 | €17,245 | €22,478 | +€5,233 | +30.3% |
| Suppliers | 440/4 | €17,245 | €22,478 | +€5,233 | +30.3% |
| Taxes, remuneration and social security | 45 | €11,301 | €24,514 | +€13,213 | +116.9% |
| Taxes | 450/3 | €11,301 | €24,514 | +€13,213 | +116.9% |
| Other amounts payable | 47/48 | €24,362 | €19,362 | -€5,000 | -20.5% |
| Turnover | 70 | - | €141,022 | +€141,022 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €8,437 | +€8,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,970 | €56,970 | = | 0.0% |
| Other operating charges | 640/8 | €16,070 | €6,959 | -€9,111 | -56.7% |
| Gross operating margin | 9900 | €142,069 | €132,585 | -€9,484 | -6.7% |
| Operating profit (loss) | 9901 | €69,029 | €68,656 | -€373 | -0.5% |
| Financial income | 75/76B | €4,856 | €424 | -€4,432 | -91.3% |
| Recurring financial income | 75 | €4,856 | €424 | -€4,432 | -91.3% |
| Financial charges | 65/66B | €30,240 | €19,570 | -€10,670 | -35.3% |
| Recurring financial charges | 65 | €30,240 | €19,570 | -€10,670 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €43,646 | €49,510 | +€5,864 | +13.4% |
| Income taxes | 67/77 | €11,301 | €13,213 | +€1,912 | +16.9% |
| Profit (loss) for the period | 9904 | €32,345 | €36,297 | +€3,953 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,345 | €36,297 | +€3,953 | +12.2% |
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.