IMMO AVAL BELGIUM: what changed
What changed
IMMO AVAL BELGIUM
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €4.5m-€2.7m
Equity
€9.7m
2024 · €8.0m+€1.7m
Cash
€3.1m
2024 · €3.1m-€36,943
Balance sheet total
€32.3m
2024 · €34.7m-€2.4m
Largest movements
Assets
- Tangible fixed assets -€2.0m
down €2.0m (-7.2%), from €28.0m to €26.0m
of which Land and buildings: -€2.0m
Equity and liabilities
- Debts after one year -€3.6m
down €3.6m (-14.8%), from €24.2m to €20.7m
- Profit (loss) carried forward +€1.9m
up €1.9m (+16.8%), from -€11.5m to -€9.5m
Income statement
- Taxes -€865,221
down €865,221 (-60.1%), from €1.4m to €574,739
- Turnover -€510,706
down €510,706 (-9.7%), from €5.3m to €4.8m
- Financial charges -€438,495
down €438,495 (-40.7%), from €1.1m to €639,225
- Other operating income -€321,625
down €321,625 (-34.8%), from €924,375 to €602,750
- Services and other goods -€113,929
down €113,929 (-5.5%), from €2.1m to €2.0m
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
€4.5m
Turnover
-€510,706
Other operating income
-€321,625
Goods and materials
+€45,817
Services and other goods
+€113,929
Depreciation
+€58,882
Write-downs
+€42,805
Provisions
+€4,070
Other operating charges
-€58,505
Other operating items
-€3.5m
Financial income
+€88,653
Financial charges
+€438,495
Taxes
+€865,221
Deferred taxes and other
+€15,698
Result 2025
€1.8m
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
+€2.2m
Investment
+€1.4m
Financing
-€3.6m
Cash 2024
€3.1m
From operations (derived)
+€2.2m
Net result for the year
+€1.8m
Depreciation
+€619,989
Stocks and contracts
+€148,565
Receivables within one year
+€160,186
Deferred charges and accrued income
+€22,322
Provisions
-€10,232
Trade debts
-€205,655
Tax, wage and social debts
+€4
Accrued charges and deferred income
-€326,004
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Financing
-€3.6m
Debts after one year
-€3.6m
Contributions, distributions and other
-€44,498
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,718,421 | €32,331,013 | -€2.4m | -6.9% |
| Fixed assets | 21/28 | €28,103,435 | €26,084,043 | -€2.0m | -7.2% |
| Tangible fixed assets | 22/27 | €28,001,870 | €25,982,477 | -€2.0m | -7.2% |
| Land and buildings | 22 | €27,886,632 | €25,886,158 | -€2.0m | -7.2% |
| Other tangible fixed assets | 26 | €115,238 | €96,319 | -€18,919 | -16.4% |
| Financial fixed assets | 28 | €101,566 | €101,566 | = | 0.0% |
| Affiliated companies | 280/1 | €100 | €100 | = | 0.0% |
| Participating interests | 280 | €100 | €100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €101,466 | €101,466 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €101,466 | €101,466 | = | 0.0% |
| Current assets | 29/58 | €6,614,986 | €6,246,971 | -€368,015 | -5.6% |
| Stocks and contracts in progress | 3 | €2,184,394 | €2,035,830 | -€148,565 | -6.8% |
| Stocks | 30/36 | €2,184,394 | €2,035,830 | -€148,565 | -6.8% |
| Property held for sale | 35 | €2,184,394 | €2,035,830 | -€148,565 | -6.8% |
| Amounts receivable within one year | 40/41 | €1,303,992 | €1,143,807 | -€160,186 | -12.3% |
| Trade receivables | 40 | €1,290,938 | €1,109,037 | -€181,901 | -14.1% |
| Other amounts receivable | 41 | €13,054 | €34,769 | +€21,715 | +166% |
| Cash at bank and in hand | 54/58 | €3,094,172 | €3,057,229 | -€36,943 | -1.2% |
| Deferred charges and accrued income | 490/1 | €32,426 | €10,105 | -€22,322 | -68.8% |
| Total equity and liabilities | 10/49 | €34,718,421 | €32,331,013 | -€2.4m | -6.9% |
| Equity | 10/15 | €7,999,772 | €9,732,621 | +€1.7m | +21.7% |
| Contributions | 10/11 | €18,137,709 | €18,137,709 | = | 0.0% |
| Capital | 10 | €18,137,709 | €18,137,709 | = | 0.0% |
| Issued capital | 100 | €18,137,709 | €18,137,709 | = | 0.0% |
| Reserves | 13 | €1,327,559 | €1,131,081 | -€196,479 | -14.8% |
| Non-distributable reserves | 130/1 | €1,201 | €1,201 | = | 0.0% |
| Legal reserve | 130 | €1,201 | €1,201 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,326,358 | €1,129,880 | -€196,479 | -14.8% |
| Profit (loss) carried forward | 14 | -€11,465,496 | -€9,536,168 | +€1.9m | +16.8% |
| Provisions and deferred taxes | 16 | €386,859 | €376,627 | -€10,232 | -2.6% |
| Provisions for liabilities and charges | 160/5 | €4,070 | €0 | -€4,070 | -100% |
| Other liabilities and charges | 164/5 | €4,070 | €0 | -€4,070 | -100% |
| Deferred taxes | 168 | €382,789 | €376,627 | -€6,162 | -1.6% |
| Amounts payable | 17/49 | €26,331,789 | €22,221,766 | -€4.1m | -15.6% |
| Amounts payable after more than one year | 17 | €24,238,007 | €20,659,638 | -€3.6m | -14.8% |
| Other amounts payable | 178/9 | €24,238,007 | €20,659,638 | -€3.6m | -14.8% |
| Amounts payable within one year | 42/48 | €1,733,810 | €1,528,159 | -€205,651 | -11.9% |
| Trade debts | 44 | €1,586,353 | €1,380,698 | -€205,655 | -13.0% |
| Suppliers | 440/4 | €1,586,353 | €1,380,698 | -€205,655 | -13.0% |
| Taxes, remuneration and social security | 45 | €95,457 | €95,461 | +€4 | 0.0% |
| Taxes | 450/3 | €95,457 | €95,461 | +€4 | 0.0% |
| Other amounts payable | 47/48 | €52,000 | €52,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €359,973 | €33,969 | -€326,004 | -90.6% |
| Operating income | 70/76A | €10,519,969 | €5,906,734 | -€4.6m | -43.9% |
| Turnover | 70 | €5,291,190 | €4,780,484 | -€510,706 | -9.7% |
| Other operating income | 74 | €924,375 | €602,750 | -€321,625 | -34.8% |
| Non-recurring operating income | 76A | €4,304,405 | €523,500 | -€3.8m | -87.8% |
| Operating charges | 60/66A | €3,607,353 | €3,125,881 | -€481,472 | -13.3% |
| Goods for resale, raw materials and consumables | 60 | €194,381 | €148,565 | -€45,817 | -23.6% |
| Purchases | 600/8 | €302,779 | - | -€302,779 | |
| Change in stocks: decrease (increase) | 609 | -€108,398 | €148,565 | +€256,962 | |
| Services and other goods | 61 | €2,078,504 | €1,964,575 | -€113,929 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678,871 | €619,989 | -€58,882 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€42,805 | -€42,805 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,070 | -€4,070 | |
| Other operating charges | 640/8 | €358,551 | €417,056 | +€58,505 | +16.3% |
| Non-recurring operating charges | 66A | €297,046 | €22,570 | -€274,475 | -92.4% |
| Operating profit (loss) | 9901 | €6,912,617 | €2,780,853 | -€4.1m | -59.8% |
| Financial income | 75/76B | €71,144 | €159,797 | +€88,653 | +125% |
| Recurring financial income | 75 | €71,144 | €117,647 | +€46,503 | +65.4% |
| Income from current assets | 751 | €1,946 | - | -€1,946 | |
| Other financial income | 752/9 | €69,198 | €117,647 | +€48,449 | +70.0% |
| Non-recurring financial income | 76B | - | €42,150 | +€42,150 | |
| Financial charges | 65/66B | €1,077,720 | €639,225 | -€438,495 | -40.7% |
| Recurring financial charges | 65 | €1,077,720 | €639,225 | -€438,495 | -40.7% |
| Debt charges | 650 | €1,075,330 | €636,218 | -€439,112 | -40.8% |
| Other financial charges | 652/9 | €2,390 | €3,007 | +€617 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €5,906,041 | €2,301,425 | -€3.6m | -61.0% |
| Transfer from deferred taxes | 780 | €34,962 | €50,660 | +€15,698 | +44.9% |
| Income taxes | 67/77 | €1,439,959 | €574,739 | -€865,221 | -60.1% |
| Taxes | 670/3 | €1,439,959 | €574,739 | -€865,221 | -60.1% |
| Profit (loss) for the period | 9904 | €4,501,044 | €1,777,347 | -€2.7m | -60.5% |
| Transfer from tax-exempt reserves | 789 | €104,887 | €151,981 | +€47,093 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,605,931 | €1,929,327 | -€2.7m | -58.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.