CONCEPT IMMO PARTNERS: 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.
What changed
CONCEPT IMMO PARTNERS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€172,217
2024 · -€112,610-€59,607
Equity
-€61,073
2024 · €111,144-€172,217
Cash
€22,479
2024 · €51,490-€29,011
Balance sheet total
€3.0m
2024 · €3.2m-€184,911
Largest movements
Assets
- Tangible fixed assets -€157,405
down €157,405 (-5.0%), from €3.1m to €3.0m
of which Land and buildings: -€118,571
Equity and liabilities
- Profit (loss) carried forward -€165,973
down €165,973 (-203%), from -€81,665 to -€247,638
- Debts after one year -€139,402
down €139,402 (-5.9%), from €2.4m to €2.2m
of which Financial debts: -€144,432
- Other debts +€70,872
up €70,872 (+14.5%), from €489,584 to €560,456
- Short-term financial debts +€50,000
new in 2025: €50,000
Income statement
- Gross operating margin +€8,097
up €8,097 (+6.4%), from €126,614 to €134,712
- Depreciation +€5,263
up €5,263 (+3.2%), from €165,234 to €170,496
- Financial charges +€3,723
up €3,723 (+4.9%), from €76,671 to €80,394
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.
Result 2024
-€112,610
Gross operating margin
+€8,097
Staff costs
-€237
Depreciation
-€5,263
Other operating charges
-€740
Financial income
+€33
Financial charges
-€3,723
Taxes
+€5
Deferred taxes and other
-€57,780
Result 2025
-€172,217
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€69,124
Investment
-€13,092
Financing
-€85,043
Cash 2024
€51,490
From operations (derived)
+€69,124
Net result for the year
-€172,217
Depreciation
+€170,496
Receivables within one year
-€3
Deferred charges and accrued income
-€1,502
Provisions
-€2,081
Trade debts
+€5,401
Tax, wage and social debts
+€918
Other debts
+€70,872
Accrued charges and deferred income
-€2,760
Investment (derived)
-€13,092
Investment in fixed assets (net)
-€13,092
Financing
-€85,043
Debts after one year
-€139,402
Current portion of long-term debt
+€4,358
Short-term financial debts
+€50,000
Cash 2025
€22,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,185,186 | €3,000,275 | -€184,911 | -5.8% |
| Fixed assets | 21/28 | €3,130,726 | €2,973,322 | -€157,405 | -5.0% |
| Tangible fixed assets | 22/27 | €3,130,521 | €2,973,117 | -€157,405 | -5.0% |
| Land and buildings | 22 | €3,074,311 | €2,955,741 | -€118,571 | -3.9% |
| Plant, machinery and equipment | 23 | €871 | €617 | -€254 | -29.1% |
| Furniture and vehicles | 24 | €55,339 | €16,759 | -€38,580 | -69.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €54,459 | €26,953 | -€27,506 | -50.5% |
| Amounts receivable within one year | 40/41 | - | €3 | +€3 | |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €51,490 | €22,479 | -€29,011 | -56.3% |
| Deferred charges and accrued income | 490/1 | €2,969 | €4,471 | +€1,502 | +50.6% |
| Total equity and liabilities | 10/49 | €3,185,186 | €3,000,275 | -€184,911 | -5.8% |
| Equity | 10/15 | €111,144 | -€61,073 | -€172,217 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,209 | €167,965 | -€6,244 | -3.6% |
| Tax-exempt reserves | 132 | €174,209 | €167,965 | -€6,244 | -3.6% |
| Profit (loss) carried forward | 14 | -€81,665 | -€247,638 | -€165,973 | -203% |
| Provisions and deferred taxes | 16 | €58,070 | €55,988 | -€2,081 | -3.6% |
| Deferred taxes | 168 | €58,070 | €55,988 | -€2,081 | -3.6% |
| Amounts payable | 17/49 | €3,015,972 | €3,005,360 | -€10,612 | -0.4% |
| Amounts payable after more than one year | 17 | €2,372,343 | €2,232,942 | -€139,402 | -5.9% |
| Financial debts | 170/4 | €2,339,313 | €2,194,882 | -€144,432 | -6.2% |
| Other amounts payable | 178/9 | €33,030 | €38,060 | +€5,030 | +15.2% |
| Amounts payable within one year | 42/48 | €640,869 | €772,418 | +€131,549 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €140,073 | €144,432 | +€4,358 | +3.1% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €6,327 | €11,728 | +€5,401 | +85.4% |
| Suppliers | 440/4 | €6,327 | €11,728 | +€5,401 | +85.4% |
| Taxes, remuneration and social security | 45 | €4,884 | €5,803 | +€918 | +18.8% |
| Taxes | 450/3 | - | €725 | +€725 | |
| Remuneration and social security | 454/9 | €4,884 | €5,078 | +€194 | +4.0% |
| Other amounts payable | 47/48 | €489,584 | €560,456 | +€70,872 | +14.5% |
| Accrued charges and deferred income | 492/3 | €2,760 | - | -€2,760 | |
| Remuneration, social security and pensions | 62 | €34,609 | €34,847 | +€237 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,234 | €170,496 | +€5,263 | +3.2% |
| Other operating charges | 640/8 | €22,578 | €23,318 | +€740 | +3.3% |
| Gross operating margin | 9900 | €126,614 | €134,712 | +€8,097 | +6.4% |
| Operating profit (loss) | 9901 | -€95,806 | -€93,949 | +€1,857 | +1.9% |
| Financial income | 75/76B | €10 | €42 | +€33 | +337% |
| Recurring financial income | 75 | €10 | €42 | +€33 | +337% |
| Financial charges | 65/66B | €76,671 | €80,394 | +€3,723 | +4.9% |
| Recurring financial charges | 65 | €76,671 | €80,394 | +€3,723 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€172,468 | -€174,301 | -€1,833 | -1.1% |
| Transfer from deferred taxes | 780 | €59,861 | €2,081 | -€57,780 | -96.5% |
| Income taxes | 67/77 | €3 | -€3 | -€5 | |
| Profit (loss) for the period | 9904 | -€112,610 | -€172,217 | -€59,607 | -52.9% |
| Transfer from tax-exempt reserves | 789 | €180,393 | €6,244 | -€174,149 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,783 | -€165,973 | -€233,757 |
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 25 October 2026 via checked.be.