IMMO BENCO: 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 BENCO
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
€43,892
2024 · €44,041-€149
Equity
€227,033
2024 · €183,140+€43,893
Cash
€16,694
2024 · €28,240-€11,546
Balance sheet total
€1.2m
2024 · €1.2m-€49,760
Largest movements
Assets
- Tangible fixed assets -€34,906
down €34,906 (-2.9%), from €1.2m to €1.2m
of which Land and buildings: -€29,697
Equity and liabilities
- Debts after one year -€85,593
down €85,593 (-12.2%), from €703,935 to €618,342
- Reserves +€43,892
up €43,892 (+41.6%), from €105,453 to €149,345
- Tax, wage and social debts -€16,973
down €16,973 (-43.6%), from €38,897 to €21,924
Income statement
- Write-downs +€9,684
up €9,684 (+775%), from €1,250 to €10,934
- Gross operating margin +€3,643
up €3,643 (+2.8%), from €128,473 to €132,116
- Financial charges -€3,421
down €3,421 (-17.8%), from €19,193 to €15,772
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
€44,041
Gross operating margin
+€3,643
Write-downs
-€9,684
Other operating charges
+€1,309
Other operating items
+€1
Financial income
+€3
Financial charges
+€3,421
Other financial items
-€1
Taxes
+€1,158
Deferred taxes and other
+€1
Result 2025
€43,892
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
+€72,288
Investment
€0
Financing
-€83,834
Cash 2024
€28,240
From operations (derived)
+€72,288
Net result for the year
+€43,892
Depreciation
+€34,906
Receivables within one year
+€3,309
Trade debts
+€3,787
Tax, wage and social debts
-€16,973
Other debts
-€1,117
Accrued charges and deferred income
+€4,484
Financing
-€83,834
Debts after one year
-€85,593
Current portion of long-term debt
+€1,759
Cash 2025
€16,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,235,475 | €1,185,715 | -€49,760 | -4.0% |
| Fixed assets | 21/28 | €1,193,555 | €1,158,649 | -€34,906 | -2.9% |
| Tangible fixed assets | 22/27 | €1,193,555 | €1,158,649 | -€34,906 | -2.9% |
| Land and buildings | 22 | €1,172,323 | €1,142,626 | -€29,697 | -2.5% |
| Plant, machinery and equipment | 23 | €21,232 | €16,023 | -€5,209 | -24.5% |
| Current assets | 29/58 | €41,920 | €27,066 | -€14,854 | -35.4% |
| Amounts receivable within one year | 40/41 | €13,680 | €10,371 | -€3,309 | -24.2% |
| Trade receivables | 40 | €11,355 | €9,597 | -€1,758 | -15.5% |
| Other amounts receivable | 41 | €2,324 | €774 | -€1,550 | -66.7% |
| Cash at bank and in hand | 54/58 | €28,240 | €16,694 | -€11,546 | -40.9% |
| Total equity and liabilities | 10/49 | €1,235,475 | €1,185,715 | -€49,760 | -4.0% |
| Equity | 10/15 | €183,140 | €227,033 | +€43,893 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,453 | €149,345 | +€43,892 | +41.6% |
| Distributable reserves | 133 | €105,453 | €149,345 | +€43,892 | +41.6% |
| Profit (loss) carried forward | 14 | €71,487 | €71,487 | = | 0.0% |
| Amounts payable | 17/49 | €1,052,335 | €958,682 | -€93,653 | -8.9% |
| Amounts payable after more than one year | 17 | €703,935 | €618,342 | -€85,593 | -12.2% |
| Financial debts | 170/4 | €703,935 | €618,342 | -€85,593 | -12.2% |
| Amounts payable within one year | 42/48 | €347,766 | €335,222 | -€12,544 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €83,834 | €85,593 | +€1,759 | +2.1% |
| Trade debts | 44 | €3,839 | €7,626 | +€3,787 | +98.6% |
| Suppliers | 440/4 | €3,839 | €7,626 | +€3,787 | +98.6% |
| Taxes, remuneration and social security | 45 | €38,897 | €21,924 | -€16,973 | -43.6% |
| Taxes | 450/3 | €38,897 | €21,924 | -€16,973 | -43.6% |
| Other amounts payable | 47/48 | €221,197 | €220,080 | -€1,117 | -0.5% |
| Accrued charges and deferred income | 492/3 | €634 | €5,118 | +€4,484 | +707% |
| Non-recurring operating income | 76A | - | €1,666 | +€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,906 | €34,906 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,250 | €10,934 | +€9,684 | +775% |
| Other operating charges | 640/8 | €12,541 | €11,232 | -€1,309 | -10.4% |
| Gross operating margin | 9900 | €128,473 | €132,116 | +€3,643 | +2.8% |
| Operating profit (loss) | 9901 | €79,776 | €75,045 | -€4,731 | -5.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €19,193 | €15,772 | -€3,421 | -17.8% |
| Recurring financial charges | 65 | €19,193 | €15,772 | -€3,421 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €60,583 | €59,275 | -€1,308 | -2.2% |
| Income taxes | 67/77 | €16,541 | €15,383 | -€1,158 | -7.0% |
| Profit (loss) for the period | 9904 | €44,041 | €43,892 | -€149 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,041 | €43,892 | -€149 | -0.3% |
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.