IMER: what changed
What changed
IMER
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€18,634
2024 · €30,447-€49,081
Equity
€157,637
2024 · €176,271-€18,634
Cash
€29,181
2024 · €36,318-€7,137
Balance sheet total
€3.0m
2024 · €3.1m-€158,147
Largest movements
Assets
- Tangible fixed assets -€152,783
down €152,783 (-5.0%), from €3.1m to €2.9m
of which Land and buildings: -€152,783
Equity and liabilities
- Debts after one year -€145,047
down €145,047 (-5.2%), from €2.8m to €2.6m
Income statement
- Financial charges +€36,724
up €36,724 (+41.3%), from €88,929 to €125,653
- Depreciation +€27,839
up €27,839 (+20.3%), from €137,132 to €164,971
- Taxes -€10,500
down €10,500 (-99.0%), from €10,611 to €111
- Gross operating margin +€8,472
up €8,472 (+3.0%), from €287,104 to €295,576
- Other operating charges +€3,490
up €3,490 (+17.5%), from €19,985 to €23,475
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,447
Gross operating margin
+€8,472
Depreciation
-€27,839
Other operating charges
-€3,490
Financial charges
-€36,724
Taxes
+€10,500
Result 2025
-€18,634
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€142,076
Investment
-€12,188
Financing
-€137,025
Cash 2024
€36,318
From operations (derived)
+€142,076
Net result for the year
-€18,634
Depreciation
+€164,971
Receivables within one year
-€1,773
Tax, wage and social debts
-€2,488
Investment (derived)
-€12,188
Investment in fixed assets (net)
-€12,188
Financing
-€137,025
Debts after one year
-€145,047
Current portion of long-term debt
+€8,022
Cash 2025
€29,181
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,115,672 | €2,957,525 | -€158,147 | -5.1% |
| Fixed assets | 21/28 | €3,078,122 | €2,925,339 | -€152,783 | -5.0% |
| Tangible fixed assets | 22/27 | €3,078,122 | €2,925,339 | -€152,783 | -5.0% |
| Land and buildings | 22 | €3,074,981 | €2,922,198 | -€152,783 | -5.0% |
| Other tangible fixed assets | 26 | €3,141 | €3,141 | = | 0.0% |
| Current assets | 29/58 | €37,550 | €32,186 | -€5,364 | -14.3% |
| Amounts receivable within one year | 40/41 | €1,232 | €3,005 | +€1,773 | +144% |
| Other amounts receivable | 41 | €1,232 | €3,005 | +€1,773 | +144% |
| Cash at bank and in hand | 54/58 | €36,318 | €29,181 | -€7,137 | -19.7% |
| Total equity and liabilities | 10/49 | €3,115,672 | €2,957,525 | -€158,147 | -5.1% |
| Equity | 10/15 | €176,271 | €157,637 | -€18,634 | -10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,871 | €145,237 | -€18,634 | -11.4% |
| Amounts payable | 17/49 | €2,939,401 | €2,799,888 | -€139,513 | -4.7% |
| Amounts payable after more than one year | 17 | €2,766,140 | €2,621,093 | -€145,047 | -5.2% |
| Financial debts | 170/4 | €2,766,140 | €2,621,093 | -€145,047 | -5.2% |
| Amounts payable within one year | 42/48 | €173,261 | €178,795 | +€5,534 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €170,773 | €178,795 | +€8,022 | +4.7% |
| Taxes, remuneration and social security | 45 | €2,488 | - | -€2,488 | |
| Taxes | 450/3 | €2,488 | - | -€2,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,132 | €164,971 | +€27,839 | +20.3% |
| Other operating charges | 640/8 | €19,985 | €23,475 | +€3,490 | +17.5% |
| Gross operating margin | 9900 | €287,104 | €295,576 | +€8,472 | +3.0% |
| Operating profit (loss) | 9901 | €129,987 | €107,130 | -€22,857 | -17.6% |
| Financial charges | 65/66B | €88,929 | €125,653 | +€36,724 | +41.3% |
| Recurring financial charges | 65 | €88,929 | €125,653 | +€36,724 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €41,058 | -€18,523 | -€59,581 | |
| Income taxes | 67/77 | €10,611 | €111 | -€10,500 | -99.0% |
| Profit (loss) for the period | 9904 | €30,447 | -€18,634 | -€49,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,447 | -€18,634 | -€49,081 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.