Immco.be: what changed
What changed
Immco.be
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€899,928
2024 · -€19,883+€919,811
Equity
€1.6m
2024 · €653,289+€899,928
Cash
€38,411
2024 · €50,734-€12,323
Balance sheet total
€5.7m
2024 · €7.4m-€1.7m
Largest movements
Assets
- Stocks and contracts -€1.5m
down €1.5m (-39.1%), from €3.9m to €2.4m
- Receivables within one year -€170,380
down €170,380 (-5.4%), from €3.2m to €3.0m
of which Other amounts receivable: -€150,759
Equity and liabilities
- Debts after one year -€3.5m
down €3.5m (-61.0%), from €5.8m to €2.2m
- Profit (loss) carried forward +€899,928
up €899,928 (+278%), from €323,801 to €1.2m
- Advances received +€854,345
up €854,345, from €0 to €854,345
- Short-term financial debts -€777,984
down €777,984 (-97.2%), from €800,000 to €22,016
- Current portion of long-term debt +€641,857
new in 2025: €641,857
Income statement
- Gross operating margin +€1.7m
up €1.7m (+443%), from €391,965 to €2.1m
- Taxes +€310,068
up €310,068, from €0 to €310,068
- Financial charges -€67,522
down €67,522 (-18.2%), from €371,072 to €303,550
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
-€19,883
Gross operating margin
+€1.7m
Other operating charges
-€6,318
Other operating items
-€566,909
Financial income
+€29
Financial charges
+€67,522
Taxes
-€310,068
Result 2025
€899,928
raises the resultlowers the resultnot broken down further in the accounts
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
+€3.6m
Investment
€0
Financing
-€3.7m
Cash 2024
€50,734
From operations (derived)
+€3.6m
Net result for the year
+€899,928
Stocks and contracts
+€1.5m
Receivables within one year
+€170,380
Smaller working-capital items
-€33
Trade debts
-€22,110
Tax, wage and social debts
+€203,086
Advances received
+€854,345
Other debts
-€10,128
Financing
-€3.7m
Debts after one year
-€3.5m
Current portion of long-term debt
+€641,857
Short-term financial debts
-€777,984
Cash 2025
€38,411
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,431,296 | €5,700,947 | -€1.7m | -23.3% |
| Fixed assets | 21/28 | €275,000 | €275,000 | = | 0.0% |
| Financial fixed assets | 28 | €275,000 | €275,000 | = | 0.0% |
| Current assets | 29/58 | €7,156,296 | €5,425,947 | -€1.7m | -24.2% |
| Stocks and contracts in progress | 3 | €3,947,432 | €2,402,869 | -€1.5m | -39.1% |
| Contracts in progress | 37 | €3,947,432 | €2,402,869 | -€1.5m | -39.1% |
| Amounts receivable within one year | 40/41 | €3,155,047 | €2,984,667 | -€170,380 | -5.4% |
| Trade receivables | 40 | €19,745 | €123 | -€19,622 | -99.4% |
| Other amounts receivable | 41 | €3,135,302 | €2,984,544 | -€150,759 | -4.8% |
| Cash at bank and in hand | 54/58 | €50,734 | €38,411 | -€12,323 | -24.3% |
| Deferred charges and accrued income | 490/1 | €3,083 | €0 | -€3,083 | -100% |
| Total equity and liabilities | 10/49 | €7,431,296 | €5,700,947 | -€1.7m | -23.3% |
| Equity | 10/15 | €653,289 | €1,553,217 | +€899,928 | +138% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €29,488 | €29,488 | = | 0.0% |
| Distributable reserves | 133 | €29,488 | €29,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,801 | €1,223,729 | +€899,928 | +278% |
| Amounts payable | 17/49 | €6,778,007 | €4,147,730 | -€2.6m | -38.8% |
| Amounts payable after more than one year | 17 | €5,760,118 | €2,243,891 | -€3.5m | -61.0% |
| Financial debts | 170/4 | €5,760,118 | €2,243,891 | -€3.5m | -61.0% |
| Amounts payable within one year | 42/48 | €1,014,216 | €1,903,281 | +€889,066 | +87.7% |
| Current portion of amounts payable after more than one year | 42 | - | €641,857 | +€641,857 | |
| Financial debts | 43 | €800,000 | €22,016 | -€777,984 | -97.2% |
| Other loans | 439 | €800,000 | €22,016 | -€777,984 | -97.2% |
| Trade debts | 44 | €128,461 | €106,351 | -€22,110 | -17.2% |
| Suppliers | 440/4 | €128,461 | €106,351 | -€22,110 | -17.2% |
| Advances received on contracts in progress | 46 | €0 | €854,345 | +€854,345 | |
| Taxes, remuneration and social security | 45 | €31,864 | €234,950 | +€203,086 | +637% |
| Taxes | 450/3 | €31,864 | €234,950 | +€203,086 | +637% |
| Other amounts payable | 47/48 | €53,891 | €43,763 | -€10,128 | -18.8% |
| Accrued charges and deferred income | 492/3 | €3,674 | €558 | -€3,116 | -84.8% |
| Non-recurring operating income | 76A | - | €123,226 | +€123,226 | |
| Other operating charges | 640/8 | €5,775 | €12,093 | +€6,318 | +109% |
| Non-recurring operating charges | 66A | €35,000 | €601,909 | +€566,909 | +1,620% |
| Gross operating margin | 9900 | €391,965 | €2,127,520 | +€1.7m | +443% |
| Operating profit (loss) | 9901 | €351,190 | €1,513,518 | +€1.2m | +331% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €371,072 | €303,550 | -€67,522 | -18.2% |
| Recurring financial charges | 65 | €371,072 | €303,550 | -€67,522 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,883 | €1,209,997 | +€1.2m | |
| Income taxes | 67/77 | €0 | €310,068 | +€310,068 | |
| Profit (loss) for the period | 9904 | -€19,883 | €899,928 | +€919,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,883 | €899,928 | +€919,811 |
Next steps
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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 8 November 2026 via checked.be.