IMMO-BATY: what changed
Two fiscal 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-BATY
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,005
2024 · €26,473-€20,468
Equity
€82,427
2024 · €76,423+€6,005
Cash
€29,517
2024 · €33,670-€4,153
Balance sheet total
€696,311
2024 · €640,972+€55,339
Largest movements
Assets
- Tangible fixed assets +€64,186
up €64,186 (+10.7%), from €599,676 to €663,862
of which Land and buildings: +€68,991
Equity and liabilities
- Debts after one year +€36,557
up €36,557 (+7.7%), from €477,210 to €513,767
of which Financial debts: +€40,807
Income statement
- Gross operating margin -€11,765
down €11,765 (-15.4%), from €76,349 to €64,584
- Financial charges +€6,257
up €6,257 (+46.9%), from €13,337 to €19,593
of which Financial charges: +€3,857
- Other operating charges +€3,892
up €3,892 (+116.7%), from €3,336 to €7,229
- Taxes -€1,988
down €1,988 (-30.4%), from €6,544 to €4,556
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
€26,473
Gross operating margin
-€11,765
Depreciation
-€567
Other operating charges
-€3,892
Financial income
+€25
Financial charges
-€6,257
Taxes
+€1,988
Result 2025
€6,005
Cash bridge derived
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
+€47,664
Investment
-€91,521
Financing
+€39,704
Cash 2024
€33,670
From operations (derived)
+€47,664
Net result for the year
+€6,005
Depreciation
+€27,335
Receivables after one year
+€4,650
Receivables within one year
+€613
Deferred charges and accrued income
-€569
Trade debts
+€195
Tax, wage and social debts
+€6,470
Other debts
+€3,616
Accrued charges and deferred income
-€650
Investment (derived)
-€91,521
Investment in fixed assets (net)
-€91,521
Financing
+€39,704
Debts after one year
+€36,557
Current portion of long-term debt
+€3,147
Cash 2025
€29,517
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,972 | €696,311 | +€55,339 | +8.6% |
| Fixed assets | 21/28 | €599,676 | €663,862 | +€64,186 | +10.7% |
| Tangible fixed assets | 22/27 | €599,676 | €663,862 | +€64,186 | +10.7% |
| Land and buildings | 22 | €583,426 | €652,417 | +€68,991 | +11.8% |
| Plant, machinery and equipment | 23 | €11,600 | €8,925 | -€2,675 | -23.1% |
| Furniture and vehicles | 24 | €4,651 | €2,520 | -€2,130 | -45.8% |
| Current assets | 29/58 | €41,296 | €32,449 | -€8,847 | -21.4% |
| Amounts receivable after more than one year | 29 | €4,650 | - | -€4,650 | |
| Trade receivables | 290 | €4,650 | - | -€4,650 | |
| Amounts receivable within one year | 40/41 | €2,065 | €1,452 | -€613 | -29.7% |
| Trade receivables | 40 | - | €1,452 | +€1,452 | |
| Other amounts receivable | 41 | €2,065 | - | -€2,065 | |
| Cash at bank and in hand | 54/58 | €33,670 | €29,517 | -€4,153 | -12.3% |
| Deferred charges and accrued income | 490/1 | €911 | €1,480 | +€569 | +62.5% |
| Total equity and liabilities | 10/49 | €640,972 | €696,311 | +€55,339 | +8.6% |
| Equity | 10/15 | €76,423 | €82,427 | +€6,005 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,823 | €63,827 | +€6,005 | +10.4% |
| Amounts payable | 17/49 | €564,549 | €613,884 | +€49,334 | +8.7% |
| Amounts payable after more than one year | 17 | €477,210 | €513,767 | +€36,557 | +7.7% |
| Financial debts | 170/4 | €472,960 | €513,767 | +€40,807 | +8.6% |
| Other amounts payable | 178/9 | €4,250 | - | -€4,250 | |
| Amounts payable within one year | 42/48 | €86,689 | €100,116 | +€13,427 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €30,834 | €33,981 | +€3,147 | +10.2% |
| Trade debts | 44 | - | €195 | +€195 | |
| Suppliers | 440/4 | - | €195 | +€195 | |
| Taxes, remuneration and social security | 45 | €10 | €6,480 | +€6,470 | +65218.4% |
| Taxes | 450/3 | €10 | €5,682 | +€5,672 | +57178.2% |
| Remuneration and social security | 454/9 | - | €798 | +€798 | |
| Other amounts payable | 47/48 | €55,845 | €59,460 | +€3,616 | +6.5% |
| Accrued charges and deferred income | 492/3 | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,768 | €27,335 | +€567 | +2.1% |
| Other operating charges | 640/8 | €3,336 | €7,229 | +€3,892 | +116.7% |
| Gross operating margin | 9900 | €76,349 | €64,584 | -€11,765 | -15.4% |
| Operating profit (loss) | 9901 | €46,244 | €30,020 | -€16,224 | -35.1% |
| Financial income | 75/76B | €109 | €134 | +€25 | +22.6% |
| Recurring financial income | 75 | €109 | €134 | +€25 | +22.6% |
| Financial charges | 65/66B | €13,337 | €19,593 | +€6,257 | +46.9% |
| Recurring financial charges | 65 | €13,337 | €17,193 | +€3,857 | +28.9% |
| Non-recurring financial charges | 66B | - | €2,400 | +€2,400 | |
| Profit (loss) for the period before taxes | 9903 | €33,017 | €10,560 | -€22,456 | -68.0% |
| Income taxes | 67/77 | €6,544 | €4,556 | -€1,988 | -30.4% |
| Profit (loss) for the period | 9904 | €26,473 | €6,005 | -€20,468 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,473 | €6,005 | -€20,468 | -77.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.