EURIMMO: 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.
What changed
EURIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,815
2024 · €22,568-€1,754
Equity
€2.2m
2024 · €2.2m+€20,815
Cash
€11,862
2024 · €43,155-€31,293
Balance sheet total
€4.6m
2024 · €4.0m+€510,329
Largest movements
Assets
- Stocks and contracts +€329,239
up €329,239 (+52.0%), from €633,189 to €962,428
- Tangible fixed assets +€163,644
up €163,644 (+5.1%), from €3.2m to €3.4m
- Receivables within one year +€48,279
up €48,279 (+39.4%), from €122,570 to €170,849
of which Trade receivables: +€28,109
Equity and liabilities
- Debts after one year +€540,932
up €540,932 (+34.1%), from €1.6m to €2.1m
Income statement
- Gross operating margin +€49,524
up €49,524 (+22.9%), from €216,083 to €265,607
- Depreciation +€18,931
up €18,931 (+18.4%), from €102,730 to €121,661
- Financial charges +€17,179
up €17,179 (+29.4%), from €58,375 to €75,554
- Other operating charges +€8,310
up €8,310 (+37.5%), from €22,190 to €30,500
- Write-downs +€6,914
new in 2025: €6,914
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
€22,568
Gross operating margin
+€49,524
Depreciation
-€18,931
Write-downs
-€6,914
Other operating charges
-€8,310
Financial income
-€756
Financial charges
-€17,179
Taxes
+€813
Result 2025
€20,815
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.
From operations
-€289,145
Investment
-€285,305
Financing
+€543,156
Cash 2024
€43,155
From operations (derived)
-€289,145
Net result for the year
+€20,815
Depreciation
+€121,661
Stocks and contracts
-€329,239
Receivables within one year
-€48,279
Deferred charges and accrued income
-€460
Provisions
-€1,360
Trade debts
-€42,285
Tax, wage and social debts
+€3,851
Other debts
+€19,144
Accrued charges and deferred income
-€32,992
Investment (derived)
-€285,305
Investment in fixed assets (net)
-€285,305
Financing
+€543,156
Debts after one year
+€540,932
Current portion of long-term debt
+€2,225
Cash 2025
€11,862
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,041,015 | €4,551,345 | +€510,329 | +12.6% |
| Fixed assets | 21/28 | €3,237,062 | €3,400,706 | +€163,644 | +5.1% |
| Tangible fixed assets | 22/27 | €3,237,062 | €3,400,706 | +€163,644 | +5.1% |
| Land and buildings | 22 | €3,237,062 | €3,400,706 | +€163,644 | +5.1% |
| Current assets | 29/58 | €803,954 | €1,150,639 | +€346,685 | +43.1% |
| Stocks and contracts in progress | 3 | €633,189 | €962,428 | +€329,239 | +52.0% |
| Stocks | 30/36 | €633,189 | €962,428 | +€329,239 | +52.0% |
| Amounts receivable within one year | 40/41 | €122,570 | €170,849 | +€48,279 | +39.4% |
| Trade receivables | 40 | €18,555 | €46,664 | +€28,109 | +151.5% |
| Other amounts receivable | 41 | €104,015 | €124,185 | +€20,170 | +19.4% |
| Cash at bank and in hand | 54/58 | €43,155 | €11,862 | -€31,293 | -72.5% |
| Deferred charges and accrued income | 490/1 | €5,039 | €5,499 | +€460 | +9.1% |
| Total equity and liabilities | 10/49 | €4,041,015 | €4,551,345 | +€510,329 | +12.6% |
| Equity | 10/15 | €2,172,876 | €2,193,691 | +€20,815 | +1.0% |
| Contributions | 10/11 | €1,350,925 | €1,350,925 | = | 0.0% |
| Reserves | 13 | €646,373 | €667,188 | +€20,815 | +3.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €166,123 | €162,149 | -€3,974 | -2.4% |
| Distributable reserves | 133 | €480,250 | €505,039 | +€24,789 | +5.2% |
| Profit (loss) carried forward | 14 | €175,578 | €175,578 | = | 0.0% |
| Provisions and deferred taxes | 16 | €56,861 | €55,501 | -€1,360 | -2.4% |
| Deferred taxes | 168 | €56,861 | €55,501 | -€1,360 | -2.4% |
| Amounts payable | 17/49 | €1,811,278 | €2,302,153 | +€490,875 | +27.1% |
| Amounts payable after more than one year | 17 | €1,585,682 | €2,126,614 | +€540,932 | +34.1% |
| Financial debts | 170/4 | €1,585,682 | €2,126,614 | +€540,932 | +34.1% |
| Amounts payable within one year | 42/48 | €140,211 | €123,146 | -€17,065 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €56,844 | €59,068 | +€2,225 | +3.9% |
| Trade debts | 44 | €45,843 | €3,558 | -€42,285 | -92.2% |
| Suppliers | 440/4 | €45,843 | €3,558 | -€42,285 | -92.2% |
| Taxes, remuneration and social security | 45 | €0 | €3,851 | +€3,851 | |
| Taxes | 450/3 | €0 | €3,851 | +€3,851 | |
| Other amounts payable | 47/48 | €37,524 | €56,669 | +€19,144 | +51.0% |
| Accrued charges and deferred income | 492/3 | €85,385 | €52,393 | -€32,992 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,730 | €121,661 | +€18,931 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,914 | +€6,914 | |
| Other operating charges | 640/8 | €22,190 | €30,500 | +€8,310 | +37.5% |
| Gross operating margin | 9900 | €216,083 | €265,607 | +€49,524 | +22.9% |
| Operating profit (loss) | 9901 | €91,163 | €106,531 | +€15,368 | +16.9% |
| Financial income | 75/76B | €801 | €45 | -€756 | -94.4% |
| Recurring financial income | 75 | €801 | €45 | -€756 | -94.4% |
| Financial charges | 65/66B | €58,375 | €75,554 | +€17,179 | +29.4% |
| Recurring financial charges | 65 | €58,375 | €75,554 | +€17,179 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €33,589 | €31,022 | -€2,567 | -7.6% |
| Transfer from deferred taxes | 780 | €1,360 | €1,360 | = | 0.0% |
| Income taxes | 67/77 | €12,381 | €11,568 | -€813 | -6.6% |
| Profit (loss) for the period | 9904 | €22,568 | €20,815 | -€1,754 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €3,974 | €3,974 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,543 | €24,789 | -€1,754 | -6.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.