IMMO ANBOCA: 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
IMMO ANBOCA
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
€59,492
2024 · €15,993+€43,499
Equity
-€146,860
2024 · -€255,404+€108,544
Cash
€21,662
2024 · €27,284-€5,622
Balance sheet total
€5.9m
2024 · €6.1m-€176,814
Largest movements
Assets
- Tangible fixed assets -€169,168
down €169,168 (-2.8%), from €6.0m to €5.9m
Equity and liabilities
- Debts after one year -€287,398
down €287,398 (-5.8%), from €4.9m to €4.6m
of which Financial debts: -€287,398
Income statement
- Gross operating margin +€37,937
up €37,937 (+10.7%), from €354,658 to €392,595
- Financial charges -€12,040
down €12,040 (-11.2%), from €107,935 to €95,895
- Depreciation +€8,777
up €8,777 (+4.1%), from €214,969 to €223,745
- Financial income +€4,265
new in 2025: €4,265
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
€15,993
Gross operating margin
+€37,937
Depreciation
-€8,777
Other operating charges
-€3,388
Financial income
+€4,265
Financial charges
+€12,040
Deferred taxes and other
+€1,422
Result 2025
€59,492
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
+€262,830
Investment
-€54,577
Financing
-€213,875
Cash 2024
€27,284
From operations (derived)
+€262,830
Net result for the year
+€59,492
Depreciation
+€223,745
Receivables within one year
+€2,024
Provisions
+€16,351
Trade debts
-€31,707
Tax, wage and social debts
-€3,393
Other debts
-€610
Accrued charges and deferred income
-€3,071
Investment (derived)
-€54,577
Investment in fixed assets (net)
-€54,577
Financing
-€213,875
Debts after one year
-€287,398
Current portion of long-term debt
+€24,470
Contributions, distributions and other
+€49,052
Cash 2025
€21,662
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,071,465 | €5,894,652 | -€176,814 | -2.9% |
| Fixed assets | 21/28 | €6,039,698 | €5,870,530 | -€169,168 | -2.8% |
| Tangible fixed assets | 22/27 | €6,039,698 | €5,870,530 | -€169,168 | -2.8% |
| Land and buildings | 22 | €6,039,698 | €5,870,530 | -€169,168 | -2.8% |
| Current assets | 29/58 | €31,767 | €24,121 | -€7,646 | -24.1% |
| Amounts receivable within one year | 40/41 | €4,483 | €2,459 | -€2,024 | -45.1% |
| Trade receivables | 40 | €22 | €2,281 | +€2,259 | +10,216% |
| Other amounts receivable | 41 | €4,460 | €178 | -€4,282 | -96.0% |
| Cash at bank and in hand | 54/58 | €27,284 | €21,662 | -€5,622 | -20.6% |
| Total equity and liabilities | 10/49 | €6,071,465 | €5,894,652 | -€176,814 | -2.9% |
| Equity | 10/15 | -€255,404 | -€146,860 | +€108,544 | +42.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,404 | -€295,912 | +€59,492 | +16.7% |
| Investment grants | 15 | - | €49,052 | +€49,052 | |
| Provisions and deferred taxes | 16 | - | €16,351 | +€16,351 | |
| Deferred taxes | 168 | - | €16,351 | +€16,351 | |
| Amounts payable | 17/49 | €6,326,869 | €6,025,161 | -€301,708 | -4.8% |
| Amounts payable after more than one year | 17 | €4,923,848 | €4,636,451 | -€287,398 | -5.8% |
| Financial debts | 170/4 | €3,761,089 | €3,473,691 | -€287,398 | -7.6% |
| Other amounts payable | 178/9 | €1,162,760 | €1,162,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,370,886 | €1,359,647 | -€11,239 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €255,143 | €279,613 | +€24,470 | +9.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €40,513 | €8,806 | -€31,707 | -78.3% |
| Suppliers | 440/4 | €40,513 | €8,806 | -€31,707 | -78.3% |
| Taxes, remuneration and social security | 45 | €3,393 | €0 | -€3,393 | -100% |
| Taxes | 450/3 | €3,393 | €0 | -€3,393 | -100% |
| Other amounts payable | 47/48 | €871,838 | €871,228 | -€610 | -0.1% |
| Accrued charges and deferred income | 492/3 | €32,134 | €29,063 | -€3,071 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,969 | €223,745 | +€8,777 | +4.1% |
| Other operating charges | 640/8 | €15,761 | €19,150 | +€3,388 | +21.5% |
| Gross operating margin | 9900 | €354,658 | €392,595 | +€37,937 | +10.7% |
| Operating profit (loss) | 9901 | €123,928 | €149,700 | +€25,772 | +20.8% |
| Financial income | 75/76B | - | €4,265 | +€4,265 | |
| Recurring financial income | 75 | - | €4,265 | +€4,265 | |
| Financial charges | 65/66B | €107,935 | €95,895 | -€12,040 | -11.2% |
| Recurring financial charges | 65 | €107,935 | €95,895 | -€12,040 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €15,993 | €58,070 | +€42,077 | +263% |
| Transfer from deferred taxes | 780 | - | €1,422 | +€1,422 | |
| Profit (loss) for the period | 9904 | €15,993 | €59,492 | +€43,499 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €15,993 | €59,492 | +€43,499 | +272% |
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 14 October 2026 via checked.be.