BE-IMMO: 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.
BE-IMMO
Largest movements
- Receivables after one year -€134,434
no longer reported in 2025 (was €134,434)
- Tangible fixed assets -€90,947
down €90,947 (-2.4%), from €3.8m to €3.7m
- Receivables within one year -€80,492
down €80,492 (-54.5%), from €147,619 to €67,127
of which Other amounts receivable: -€77,635
- Short-term financial debts -€482,692
down €482,692 (-73.3%), from €658,135 to €175,443
of which Other loans: -€658,135
- Debts after one year -€156,546
down €156,546 (-30.4%), from €515,041 to €358,494
of which Financial debts: -€160,896
- Reserves +€130,510
up €130,510 (+7.8%), from €1.7m to €1.8m
of which Tax-exempt reserves: +€88,410
- Profit (loss) carried forward +€126,056
new in 2025: €126,056
- Tax, wage and social debts +€83,462
up €83,462 (+1104.6%), from €7,556 to €91,018
- Gross operating margin +€181,377
up €181,377 (+50.5%), from €359,517 to €540,894
- Taxes +€52,420
up €52,420 (+156.6%), from €33,466 to €85,886
- Other operating charges -€20,894
down €20,894 (-19.8%), from €105,541 to €84,647
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 | €4,129,664 | €3,827,794 | -€301,870 | -7.3% |
| Fixed assets | 21/28 | €3,803,963 | €3,712,617 | -€91,347 | -2.4% |
| Intangible fixed assets | 21 | €1,592 | €1,192 | -€400 | -25.1% |
| Tangible fixed assets | 22/27 | €3,802,371 | €3,711,425 | -€90,947 | -2.4% |
| Land and buildings | 22 | €3,802,371 | €3,711,425 | -€90,947 | -2.4% |
| Current assets | 29/58 | €325,701 | €115,178 | -€210,523 | -64.6% |
| Amounts receivable after more than one year | 29 | €134,434 | - | -€134,434 | |
| Other amounts receivable | 291 | €134,434 | - | -€134,434 | |
| Amounts receivable within one year | 40/41 | €147,619 | €67,127 | -€80,492 | -54.5% |
| Trade receivables | 40 | €62,450 | €59,592 | -€2,857 | -4.6% |
| Other amounts receivable | 41 | €85,169 | €7,534 | -€77,635 | -91.2% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €43,648 | €48,051 | +€4,402 | +10.1% |
| Total equity and liabilities | 10/49 | €4,129,664 | €3,827,794 | -€301,870 | -7.3% |
| Equity | 10/15 | €2,736,313 | €2,992,880 | +€256,566 | +9.4% |
| Contributions | 10/11 | €1,070,396 | €1,070,396 | = | 0.0% |
| Reserves | 13 | €1,665,917 | €1,796,427 | +€130,510 | +7.8% |
| Tax-exempt reserves | 132 | €212,121 | €300,531 | +€88,410 | +41.7% |
| Distributable reserves | 133 | €1,453,796 | €1,495,896 | +€42,100 | +2.9% |
| Profit (loss) carried forward | 14 | - | €126,056 | +€126,056 | |
| Amounts payable | 17/49 | €1,393,351 | €834,915 | -€558,436 | -40.1% |
| Amounts payable after more than one year | 17 | €515,041 | €358,494 | -€156,546 | -30.4% |
| Financial debts | 170/4 | €515,041 | €354,144 | -€160,896 | -31.2% |
| Other amounts payable | 178/9 | - | €4,350 | +€4,350 | |
| Amounts payable within one year | 42/48 | €832,474 | €476,420 | -€356,053 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €159,093 | €160,896 | +€1,803 | +1.1% |
| Financial debts | 43 | €658,135 | €175,443 | -€482,692 | -73.3% |
| Credit institutions | 430/8 | - | €175,443 | +€175,443 | |
| Other loans | 439 | €658,135 | - | -€658,135 | |
| Trade debts | 44 | €7,689 | €14,105 | +€6,416 | +83.4% |
| Suppliers | 440/4 | €7,689 | €14,105 | +€6,416 | +83.4% |
| Taxes, remuneration and social security | 45 | €7,556 | €91,018 | +€83,462 | +1104.6% |
| Taxes | 450/3 | €7,556 | €91,018 | +€83,462 | +1104.6% |
| Other amounts payable | 47/48 | €0 | €34,958 | +€34,958 | |
| Accrued charges and deferred income | 492/3 | €45,837 | - | -€45,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,353 | €91,347 | -€7 | 0.0% |
| Other operating charges | 640/8 | €105,541 | €84,647 | -€20,894 | -19.8% |
| Gross operating margin | 9900 | €359,517 | €540,894 | +€181,377 | +50.5% |
| Operating profit (loss) | 9901 | €162,622 | €364,900 | +€202,278 | +124.4% |
| Financial income | 75/76B | €4,594 | €4,801 | +€207 | +4.5% |
| Recurring financial income | 75 | €4,594 | €4,801 | +€207 | +4.5% |
| Financial charges | 65/66B | €31,044 | €27,250 | -€3,794 | -12.2% |
| Recurring financial charges | 65 | €31,044 | €27,250 | -€3,794 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €136,173 | €342,452 | +€206,279 | +151.5% |
| Income taxes | 67/77 | €33,466 | €85,886 | +€52,420 | +156.6% |
| Profit (loss) for the period | 9904 | €102,707 | €256,566 | +€153,859 | +149.8% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €46,310 | €130,510 | +€84,200 | +181.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,397 | €168,156 | +€111,759 | +198.2% |
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 9 October 2026 via checked.be.