Immo Bile: 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 Bile
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,536
2024 · €22,880-€4,344
Equity
€189,079
2024 · €170,543+€18,536
Cash
€13,967
2024 · €11,421+€2,546
Balance sheet total
€662,056
2024 · €640,993+€21,063
Largest movements
Assets
- Tangible fixed assets +€17,572
up €17,572 (+2.8%), from €629,479 to €647,050
Equity and liabilities
- Debts after one year -€65,128
down €65,128 (-23.8%), from €274,093 to €208,965
- Other debts +€54,036
up €54,036 (+48.6%), from €111,085 to €165,121
- Profit (loss) carried forward +€19,423
up €19,423 (+13.1%), from €148,115 to €167,538
- Tax, wage and social debts +€8,182
up €8,182 (+79.5%), from €10,294 to €18,476
Income statement
- Depreciation +€3,176
up €3,176 (+6.4%), from €49,882 to €53,058
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
€22,880
Gross operating margin
-€712
Depreciation
-€3,176
Other operating charges
-€311
Financial income
-€213
Financial charges
+€437
Taxes
-€370
Result 2025
€18,536
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
+€134,887
Investment
-€70,630
Financing
-€61,711
Cash 2024
€11,421
From operations (derived)
+€134,887
Net result for the year
+€18,536
Depreciation
+€53,058
Receivables within one year
-€948
Deferred charges and accrued income
+€4
Provisions
-€296
Trade debts
+€1,231
Tax, wage and social debts
+€8,182
Other debts
+€54,036
Accrued charges and deferred income
+€1,084
Investment (derived)
-€70,630
Investment in fixed assets (net)
-€70,630
Financing
-€61,711
Debts after one year
-€65,128
Current portion of long-term debt
+€3,417
Cash 2025
€13,967
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,993 | €662,056 | +€21,063 | +3.3% |
| Fixed assets | 21/28 | €629,479 | €647,050 | +€17,572 | +2.8% |
| Tangible fixed assets | 22/27 | €629,479 | €647,050 | +€17,572 | +2.8% |
| Land and buildings | 22 | €629,479 | €647,050 | +€17,572 | +2.8% |
| Current assets | 29/58 | €11,515 | €15,006 | +€3,491 | +30.3% |
| Amounts receivable within one year | 40/41 | €52 | €1,000 | +€948 | +1840.6% |
| Trade receivables | 40 | €52 | €1,000 | +€948 | +1840.6% |
| Cash at bank and in hand | 54/58 | €11,421 | €13,967 | +€2,546 | +22.3% |
| Deferred charges and accrued income | 490/1 | €42 | €38 | -€4 | -9.0% |
| Total equity and liabilities | 10/49 | €640,993 | €662,056 | +€21,063 | +3.3% |
| Equity | 10/15 | €170,543 | €189,079 | +€18,536 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,229 | €15,341 | -€887 | -5.5% |
| Non-distributable reserves | 130/1 | €1,145 | €1,145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,145 | €1,145 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,083 | €14,196 | -€887 | -5.9% |
| Profit (loss) carried forward | 14 | €148,115 | €167,538 | +€19,423 | +13.1% |
| Provisions and deferred taxes | 16 | €6,028 | €5,732 | -€296 | -4.9% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,000 | €1,000 | = | 0.0% |
| Deferred taxes | 168 | €5,028 | €4,732 | -€296 | -5.9% |
| Amounts payable | 17/49 | €464,422 | €467,245 | +€2,823 | +0.6% |
| Amounts payable after more than one year | 17 | €274,093 | €208,965 | -€65,128 | -23.8% |
| Financial debts | 170/4 | €274,093 | €208,965 | -€65,128 | -23.8% |
| Amounts payable within one year | 42/48 | €181,316 | €248,183 | +€66,867 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €59,937 | €63,354 | +€3,417 | +5.7% |
| Trade debts | 44 | - | €1,231 | +€1,231 | |
| Suppliers | 440/4 | - | €1,231 | +€1,231 | |
| Taxes, remuneration and social security | 45 | €10,294 | €18,476 | +€8,182 | +79.5% |
| Taxes | 450/3 | €10,294 | €18,476 | +€8,182 | +79.5% |
| Other amounts payable | 47/48 | €111,085 | €165,121 | +€54,036 | +48.6% |
| Accrued charges and deferred income | 492/3 | €9,013 | €10,097 | +€1,084 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,882 | €53,058 | +€3,176 | +6.4% |
| Other operating charges | 640/8 | €8,016 | €8,326 | +€311 | +3.9% |
| Gross operating margin | 9900 | €104,955 | €104,243 | -€712 | -0.7% |
| Operating profit (loss) | 9901 | €47,057 | €42,859 | -€4,198 | -8.9% |
| Financial income | 75/76B | €213 | - | -€213 | |
| Recurring financial income | 75 | €213 | - | -€213 | |
| Financial charges | 65/66B | €16,889 | €16,452 | -€437 | -2.6% |
| Recurring financial charges | 65 | €16,889 | €16,452 | -€437 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €30,381 | €26,407 | -€3,974 | -13.1% |
| Transfer from deferred taxes | 780 | €296 | €296 | = | 0.0% |
| Income taxes | 67/77 | €7,797 | €8,167 | +€370 | +4.7% |
| Profit (loss) for the period | 9904 | €22,880 | €18,536 | -€4,344 | -19.0% |
| Transfer from tax-exempt reserves | 789 | €887 | €887 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,767 | €19,423 | -€4,344 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.