L'IMMOBILIERE ISL: 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.
L'IMMOBILIERE ISL
Largest movements
- Stocks and contracts -€122,556
no longer reported in 2025 (was €122,556)
- Tangible fixed assets +€78,608
up €78,608 (+23.3%), from €337,042 to €415,650
- Current investments +€19,994
up €19,994 (+20,402%), from €98 to €20,092
- Other debts -€44,413
down €44,413 (-20.4%), from €217,812 to €173,398
- Reserves +€14,016
up €14,016 (+14.6%), from €96,015 to €110,031
of which Distributable reserves: +€14,016
- Gross operating margin +€23,308
up €23,308 (+86.6%), from €26,911 to €50,218
- Depreciation +€1,715
up €1,715 (+8.7%), from €19,708 to €21,423
- Taxes +€1,414
up €1,414 (+1,183%), from €120 to €1,534
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 | €493,520 | €464,055 | -€29,465 | -6.0% |
| Fixed assets | 21/28 | €338,561 | €417,169 | +€78,608 | +23.2% |
| Tangible fixed assets | 22/27 | €337,042 | €415,650 | +€78,608 | +23.3% |
| Land and buildings | 22 | €337,042 | €415,650 | +€78,608 | +23.3% |
| Financial fixed assets | 28 | €1,519 | €1,519 | = | 0.0% |
| Current assets | 29/58 | €154,960 | €46,887 | -€108,073 | -69.7% |
| Stocks and contracts in progress | 3 | €122,556 | - | -€122,556 | |
| Stocks | 30/36 | €122,556 | - | -€122,556 | |
| Current investments | 50/53 | €98 | €20,092 | +€19,994 | +20,402% |
| Cash at bank and in hand | 54/58 | €23,689 | €19,346 | -€4,343 | -18.3% |
| Deferred charges and accrued income | 490/1 | €8,617 | €7,449 | -€1,169 | -13.6% |
| Total equity and liabilities | 10/49 | €493,520 | €464,055 | -€29,465 | -6.0% |
| Equity | 10/15 | €269,355 | €283,371 | +€14,016 | +5.2% |
| Contributions | 10/11 | €81,200 | €81,200 | = | 0.0% |
| Capital | 10 | €81,200 | €81,200 | = | 0.0% |
| Issued capital | 100 | €93,600 | €93,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €92,140 | €92,140 | = | 0.0% |
| Reserves | 13 | €96,015 | €110,031 | +€14,016 | +14.6% |
| Non-distributable reserves | 130/1 | €9,360 | €9,360 | = | 0.0% |
| Legal reserve | 130 | €9,360 | €9,360 | = | 0.0% |
| Distributable reserves | 133 | €86,655 | €100,671 | +€14,016 | +16.2% |
| Amounts payable | 17/49 | €224,165 | €180,685 | -€43,481 | -19.4% |
| Amounts payable after more than one year | 17 | €3,562 | €3,562 | = | 0.0% |
| Other amounts payable | 178/9 | €3,562 | €3,562 | = | 0.0% |
| Amounts payable within one year | 42/48 | €219,103 | €176,958 | -€42,146 | -19.2% |
| Trade debts | 44 | €1,292 | €2,157 | +€865 | +67.0% |
| Suppliers | 440/4 | €1,292 | €2,157 | +€865 | +67.0% |
| Taxes, remuneration and social security | 45 | - | €1,402 | +€1,402 | |
| Taxes | 450/3 | - | €1,402 | +€1,402 | |
| Other amounts payable | 47/48 | €217,812 | €173,398 | -€44,413 | -20.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €165 | -€1,335 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,708 | €21,423 | +€1,715 | +8.7% |
| Other operating charges | 640/8 | €11,260 | €11,712 | +€453 | +4.0% |
| Gross operating margin | 9900 | €26,911 | €50,218 | +€23,308 | +86.6% |
| Operating profit (loss) | 9901 | -€4,056 | €17,083 | +€21,140 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +833% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +833% |
| Financial charges | 65/66B | €1,374 | €1,534 | +€160 | +11.6% |
| Recurring financial charges | 65 | €1,374 | €1,534 | +€160 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,430 | €15,550 | +€20,980 | |
| Income taxes | 67/77 | €120 | €1,534 | +€1,414 | +1,183% |
| Profit (loss) for the period | 9904 | -€5,550 | €14,016 | +€19,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,550 | €14,016 | +€19,566 |
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 30 October 2026 via checked.be.