IMMINFO: 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
IMMINFO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€131,707
2024 · €34,202+€97,505
Equity
€2.0m
2024 · €1.6m+€432,364
Cash
€443,688
2024 · €33,138+€410,550
Balance sheet total
€5.0m
2024 · €4.4m+€529,059
Largest movements
Assets
- Financial fixed assets +€913,733
up €913,733 (+45,687%), from €2,000 to €915,733
- Stocks and contracts -€892,703
down €892,703 (-48.1%), from €1.9m to €963,930
of which Stocks: -€841,801
- Cash +€410,550
up €410,550 (+1,239%), from €33,138 to €443,688
mainly Stocks and contracts (+€892,703) and Other debts (+€365,695)
- Receivables within one year +€94,770
up €94,770 (+215%), from €44,049 to €138,820
of which Other amounts receivable: +€48,839
Equity and liabilities
- Short-term financial debts -€632,600
down €632,600 (-100%), from €632,600 to €0
- Other debts +€365,695
up €365,695 (+63.0%), from €580,740 to €946,436
- Contributions +€300,658
up €300,658 (+39.1%), from €768,000 to €1.1m
- Debts after one year +€188,162
up €188,162 (+14.8%), from €1.3m to €1.5m
of which Other amounts payable: +€350,000
- Profit (loss) carried forward +€134,148
up €134,148 (+46.9%), from €286,084 to €420,232
Income statement
- Gross operating margin +€218,765
up €218,765 (+47.5%), from €460,355 to €679,120
- Staff costs +€54,423
up €54,423 (+48.5%), from €112,111 to €166,534
- Taxes +€30,416
up €30,416 (+150%), from €20,284 to €50,699
- Depreciation +€24,248
up €24,248 (+16.1%), from €150,756 to €175,005
- Financial charges +€12,158
up €12,158 (+8.8%), from €138,228 to €150,386
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
€34,202
Gross operating margin
+€218,765
Staff costs
-€54,423
Depreciation
-€24,248
Write-downs
-€4,491
Other operating charges
-€2,808
Other operating items
-€666
Financial income
+€7,951
Financial charges
-€12,158
Taxes
-€30,416
Result 2025
€131,707
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
+€1.5m
Investment
-€1.1m
Financing
-€62,869
Cash 2024
€33,138
From operations (derived)
+€1.5m
Net result for the year
+€131,707
Depreciation
+€175,005
Stocks and contracts
+€892,703
Receivables within one year
-€94,770
Deferred charges and accrued income
-€22,631
Provisions
-€3,167
Trade debts
+€71,219
Tax, wage and social debts
-€7,702
Advances received
+€45
Other debts
+€365,695
Accrued charges and deferred income
+€34,131
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€62,869
Debts after one year
+€188,162
Current portion of long-term debt
+€80,912
Short-term financial debts
-€632,600
Contributions, distributions and other
+€300,658
Cash 2025
€443,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,441,867 | €4,970,926 | +€529,059 | +11.9% |
| Fixed assets | 21/28 | €2,503,243 | €3,397,053 | +€893,810 | +35.7% |
| Intangible fixed assets | 21 | €14,424 | €12,707 | -€1,717 | -11.9% |
| Tangible fixed assets | 22/27 | €2,486,819 | €2,468,613 | -€18,206 | -0.7% |
| Land and buildings | 22 | €1,778,601 | €1,771,059 | -€7,542 | -0.4% |
| Plant, machinery and equipment | 23 | €20,012 | €20,229 | +€217 | +1.1% |
| Furniture and vehicles | 24 | €26,285 | €37,906 | +€11,621 | +44.2% |
| Leasing and similar rights | 25 | €41,422 | €29,564 | -€11,858 | -28.6% |
| Other tangible fixed assets | 26 | €620,499 | €609,855 | -€10,644 | -1.7% |
| Financial fixed assets | 28 | €2,000 | €915,733 | +€913,733 | +45,687% |
| Current assets | 29/58 | €1,938,624 | €1,573,873 | -€364,751 | -18.8% |
| Stocks and contracts in progress | 3 | €1,856,633 | €963,930 | -€892,703 | -48.1% |
| Stocks | 30/36 | €1,805,731 | €963,930 | -€841,801 | -46.6% |
| Contracts in progress | 37 | €50,902 | €0 | -€50,902 | -100% |
| Amounts receivable within one year | 40/41 | €44,049 | €138,820 | +€94,770 | +215% |
| Trade receivables | 40 | €0 | €45,932 | +€45,932 | |
| Other amounts receivable | 41 | €44,049 | €92,888 | +€48,839 | +111% |
| Cash at bank and in hand | 54/58 | €33,138 | €443,688 | +€410,550 | +1,239% |
| Deferred charges and accrued income | 490/1 | €4,804 | €27,435 | +€22,631 | +471% |
| Total equity and liabilities | 10/49 | €4,441,867 | €4,970,926 | +€529,059 | +11.9% |
| Equity | 10/15 | €1,600,725 | €2,033,089 | +€432,364 | +27.0% |
| Contributions | 10/11 | €768,000 | €1,068,658 | +€300,658 | +39.1% |
| Capital | 10 | €768,000 | €1,068,658 | +€300,658 | +39.1% |
| Issued capital | 100 | €768,000 | €1,068,658 | +€300,658 | +39.1% |
| Reserves | 13 | €546,641 | €544,200 | -€2,441 | -0.4% |
| Non-distributable reserves | 130/1 | €49,600 | €56,660 | +€7,060 | +14.2% |
| Legal reserve | 130 | €49,600 | €56,660 | +€7,060 | +14.2% |
| Tax-exempt reserves | 132 | €297,041 | €287,540 | -€9,502 | -3.2% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,084 | €420,232 | +€134,148 | +46.9% |
| Provisions and deferred taxes | 16 | €99,014 | €95,847 | -€3,167 | -3.2% |
| Deferred taxes | 168 | €99,014 | €95,847 | -€3,167 | -3.2% |
| Amounts payable | 17/49 | €2,742,128 | €2,841,990 | +€99,862 | +3.6% |
| Amounts payable after more than one year | 17 | €1,269,700 | €1,457,862 | +€188,162 | +14.8% |
| Financial debts | 170/4 | €1,269,700 | €1,107,862 | -€161,838 | -12.7% |
| Other amounts payable | 178/9 | - | €350,000 | +€350,000 | |
| Amounts payable within one year | 42/48 | €1,462,959 | €1,340,527 | -€122,432 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €98,521 | €179,433 | +€80,912 | +82.1% |
| Financial debts | 43 | €632,600 | €0 | -€632,600 | -100% |
| Credit institutions | 430/8 | €632,600 | €0 | -€632,600 | -100% |
| Trade debts | 44 | €100,804 | €172,023 | +€71,219 | +70.7% |
| Suppliers | 440/4 | €100,804 | €172,023 | +€71,219 | +70.7% |
| Advances received on contracts in progress | 46 | - | €45 | +€45 | |
| Taxes, remuneration and social security | 45 | €50,294 | €42,591 | -€7,702 | -15.3% |
| Taxes | 450/3 | €21,620 | €21,119 | -€502 | -2.3% |
| Remuneration and social security | 454/9 | €28,673 | €21,473 | -€7,201 | -25.1% |
| Other amounts payable | 47/48 | €580,740 | €946,436 | +€365,695 | +63.0% |
| Accrued charges and deferred income | 492/3 | €9,469 | €43,601 | +€34,131 | +360% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €112,111 | €166,534 | +€54,423 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,756 | €175,005 | +€24,248 | +16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €4,491 | +€4,491 | |
| Other operating charges | 640/8 | €18,641 | €21,449 | +€2,808 | +15.1% |
| Non-recurring operating charges | 66A | - | €666 | +€666 | |
| Gross operating margin | 9900 | €460,355 | €679,120 | +€218,765 | +47.5% |
| Operating profit (loss) | 9901 | €178,847 | €310,975 | +€132,128 | +73.9% |
| Financial income | 75/76B | €10,699 | €18,650 | +€7,951 | +74.3% |
| Recurring financial income | 75 | €10,699 | €18,650 | +€7,951 | +74.3% |
| Financial charges | 65/66B | €138,228 | €150,386 | +€12,158 | +8.8% |
| Recurring financial charges | 65 | €138,228 | €150,386 | +€12,158 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €51,318 | €179,239 | +€127,920 | +249% |
| Transfer from deferred taxes | 780 | €3,167 | €3,167 | = | 0.0% |
| Income taxes | 67/77 | €20,284 | €50,699 | +€30,416 | +150% |
| Profit (loss) for the period | 9904 | €34,202 | €131,707 | +€97,505 | +285% |
| Transfer from tax-exempt reserves | 789 | €9,502 | €9,502 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,704 | €141,208 | +€97,505 | +223% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.