IMMO BEHEER ACAR: 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 BEHEER ACAR
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€448,422
2024 · €72,801+€375,620
Equity
€1.8m
2024 · €1.5m+€298,422
Cash
€403,397
2024 · €300,689+€102,707
Balance sheet total
€3.1m
2024 · €3.0m+€86,245
Largest movements
Assets
- Cash +€102,707
up €102,707 (+34.2%), from €300,689 to €403,397
mainly Net result for the year (+€448,422) and Provisions (+€126,804)
Equity and liabilities
- Reserves +€298,422
up €298,422 (+22.6%), from €1.3m to €1.6m
of which Tax-exempt reserves: +€321,473
- Tax, wage and social debts -€201,625
down €201,625 (-97.9%), from €205,978 to €4,352
- Debts after one year -€150,000
down €150,000 (-12.4%), from €1.2m to €1.1m
- Provisions +€126,804
new in 2025: €126,804
Income statement
- Gross operating margin +€531,014
up €531,014 (+190%), from €279,026 to €810,040
- Depreciation +€17,023
up €17,023 (+24.4%), from €69,717 to €86,739
- Other operating charges +€16,419
up €16,419 (+107%), from €15,278 to €31,697
- Financial charges -€14,720
down €14,720 (-15.0%), from €97,870 to €83,150
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
€72,801
Gross operating margin
+€531,014
Depreciation
-€17,023
Other operating charges
-€16,419
Other operating items
+€40
Financial income
-€4,396
Financial charges
+€14,720
Taxes
-€5,511
Deferred taxes and other
-€126,804
Result 2025
€448,422
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
+€460,650
Investment
-€57,943
Financing
-€300,000
Cash 2024
€300,689
From operations (derived)
+€460,650
Net result for the year
+€448,422
Depreciation
+€86,739
Receivables within one year
-€11,817
Deferred charges and accrued income
-€516
Provisions
+€126,804
Trade debts
-€2,509
Tax, wage and social debts
-€201,625
Accrued charges and deferred income
+€15,154
Investment (derived)
-€57,943
Investment in fixed assets (net)
-€57,943
Financing
-€300,000
Debts after one year
-€150,000
Contributions, distributions and other
-€150,000
Cash 2025
€403,397
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,974,548 | €3,060,792 | +€86,245 | +2.9% |
| Fixed assets | 21/28 | €2,668,220 | €2,639,424 | -€28,796 | -1.1% |
| Tangible fixed assets | 22/27 | €2,666,334 | €2,638,226 | -€28,108 | -1.1% |
| Land and buildings | 22 | €2,630,740 | €2,605,035 | -€25,705 | -1.0% |
| Furniture and vehicles | 24 | €14,364 | €11,961 | -€2,404 | -16.7% |
| Other tangible fixed assets | 26 | €21,230 | €21,230 | = | 0.0% |
| Financial fixed assets | 28 | €1,886 | €1,198 | -€688 | -36.5% |
| Current assets | 29/58 | €306,328 | €421,368 | +€115,041 | +37.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,420 | €14,237 | +€11,817 | +488% |
| Trade receivables | 40 | €2,420 | €0 | -€2,420 | -100% |
| Other amounts receivable | 41 | - | €14,237 | +€14,237 | |
| Cash at bank and in hand | 54/58 | €300,689 | €403,397 | +€102,707 | +34.2% |
| Deferred charges and accrued income | 490/1 | €3,218 | €3,734 | +€516 | +16.0% |
| Total equity and liabilities | 10/49 | €2,974,548 | €3,060,792 | +€86,245 | +2.9% |
| Equity | 10/15 | €1,473,044 | €1,771,465 | +€298,422 | +20.3% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Capital | 10 | €154,000 | €154,000 | = | 0.0% |
| Issued capital | 100 | €154,000 | €154,000 | = | 0.0% |
| Reserves | 13 | €1,319,044 | €1,617,465 | +€298,422 | +22.6% |
| Non-distributable reserves | 130/1 | €15,400 | €15,400 | = | 0.0% |
| Legal reserve | 130 | €15,400 | €15,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,190 | €485,663 | +€321,473 | +196% |
| Distributable reserves | 133 | €1,139,454 | €1,116,403 | -€23,051 | -2.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €126,804 | +€126,804 | |
| Deferred taxes | 168 | - | €126,804 | +€126,804 | |
| Amounts payable | 17/49 | €1,501,504 | €1,162,523 | -€338,981 | -22.6% |
| Amounts payable after more than one year | 17 | €1,212,892 | €1,062,892 | -€150,000 | -12.4% |
| Financial debts | 170/4 | €1,212,892 | €1,062,892 | -€150,000 | -12.4% |
| Amounts payable within one year | 42/48 | €216,159 | €12,025 | -€204,135 | -94.4% |
| Trade debts | 44 | €10,182 | €7,672 | -€2,509 | -24.6% |
| Suppliers | 440/4 | €10,182 | €7,672 | -€2,509 | -24.6% |
| Taxes, remuneration and social security | 45 | €205,978 | €4,352 | -€201,625 | -97.9% |
| Taxes | 450/3 | €205,978 | €4,352 | -€201,625 | -97.9% |
| Accrued charges and deferred income | 492/3 | €72,453 | €87,606 | +€15,154 | +20.9% |
| Non-recurring operating income | 76A | - | €524,455 | +€524,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,717 | €86,739 | +€17,023 | +24.4% |
| Other operating charges | 640/8 | €15,278 | €31,697 | +€16,419 | +107% |
| Non-recurring operating charges | 66A | €40 | €0 | -€40 | -100% |
| Gross operating margin | 9900 | €279,026 | €810,040 | +€531,014 | +190% |
| Operating profit (loss) | 9901 | €193,991 | €691,603 | +€497,612 | +257% |
| Financial income | 75/76B | €4,443 | €47 | -€4,396 | -98.9% |
| Recurring financial income | 75 | €4,443 | €47 | -€4,396 | -98.9% |
| Financial charges | 65/66B | €97,870 | €83,150 | -€14,720 | -15.0% |
| Recurring financial charges | 65 | €97,870 | €83,150 | -€14,720 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €100,564 | €608,500 | +€507,936 | +505% |
| Transfer from deferred taxes | 780 | - | €4,310 | +€4,310 | |
| Transfer to deferred taxes | 680 | - | €131,114 | +€131,114 | |
| Income taxes | 67/77 | €27,763 | €33,274 | +€5,511 | +19.9% |
| Profit (loss) for the period | 9904 | €72,801 | €448,422 | +€375,620 | +516% |
| Transfer from tax-exempt reserves | 789 | - | €71,869 | +€71,869 | |
| Transfer to tax-exempt reserves | 689 | - | €393,342 | +€393,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,801 | €126,949 | +€54,148 | +74.4% |
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 25 October 2026 via checked.be.