IMMO BM: 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 BM
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
€20,799
2024 · €22,360-€1,561
Equity
€2.1m
2024 · €2.1m+€20,799
Cash
€45,784
2024 · €22,461+€23,323
Balance sheet total
€8.9m
2024 · €9.3m-€375,028
Largest movements
Assets
- Financial fixed assets -€233,439
down €233,439 (-7.2%), from €3.2m to €3.0m
of which Affiliated companies: -€233,439
- Receivables within one year -€146,549
down €146,549 (-7.7%), from €1.9m to €1.8m
of which Other amounts receivable: -€195,717
Equity and liabilities
- Debts after one year -€436,440
down €436,440 (-8.0%), from €5.5m to €5.0m
Income statement
- Depreciation -€8,467
down €8,467 (-3.1%), from €273,435 to €264,968
- Services and other goods +€6,620
up €6,620 (+3.3%), from €198,515 to €205,135
- Staff costs +€6,375
up €6,375 (+20.3%), from €31,338 to €37,713
- Goods and materials +€6,054
up €6,054 (+23.0%), from €26,266 to €32,320
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
€22,360
Turnover
-€726
Other operating income
+€384
Goods and materials
-€6,054
Services and other goods
-€6,620
Staff costs
-€6,375
Depreciation
+€8,467
Other operating charges
+€1,288
Financial income
+€2,932
Financial charges
+€4,381
Taxes
+€1,375
Deferred taxes and other
-€615
Result 2025
€20,799
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
+€508,599
Investment
-€11,833
Financing
-€473,443
Cash 2024
€22,461
From operations (derived)
+€508,599
Net result for the year
+€20,799
Depreciation
+€264,968
Receivables within one year
+€146,549
Deferred charges and accrued income
-€1,333
Provisions
-€8,010
Trade debts
+€1,225
Tax, wage and social debts
-€5,657
Other debts
+€90,057
Investment (derived)
-€11,833
Investment in fixed assets (net)
-€11,833
Financing
-€473,443
Debts after one year
-€436,440
Current portion of long-term debt
-€37,003
Cash 2025
€45,784
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,260,851 | €8,885,823 | -€375,028 | -4.0% |
| Fixed assets | 21/28 | €7,327,740 | €7,074,605 | -€253,135 | -3.5% |
| Tangible fixed assets | 22/27 | €4,081,082 | €4,061,386 | -€19,696 | -0.5% |
| Land and buildings | 22 | €3,798,939 | €3,799,250 | +€311 | 0.0% |
| Plant, machinery and equipment | 23 | €282,143 | €262,136 | -€20,007 | -7.1% |
| Financial fixed assets | 28 | €3,246,658 | €3,013,219 | -€233,439 | -7.2% |
| Affiliated companies | 280/1 | €3,246,142 | €3,012,704 | -€233,439 | -7.2% |
| Amounts receivable | 281 | €3,246,142 | €3,012,704 | -€233,439 | -7.2% |
| Other financial fixed assets | 284/8 | €515 | €515 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €515 | €515 | = | 0.0% |
| Current assets | 29/58 | €1,933,111 | €1,811,218 | -€121,893 | -6.3% |
| Amounts receivable within one year | 40/41 | €1,906,958 | €1,760,409 | -€146,549 | -7.7% |
| Trade receivables | 40 | €87,128 | €136,296 | +€49,168 | +56.4% |
| Other amounts receivable | 41 | €1,819,830 | €1,624,113 | -€195,717 | -10.8% |
| Cash at bank and in hand | 54/58 | €22,461 | €45,784 | +€23,323 | +103.8% |
| Deferred charges and accrued income | 490/1 | €3,692 | €5,026 | +€1,333 | +36.1% |
| Total equity and liabilities | 10/49 | €9,260,851 | €8,885,823 | -€375,028 | -4.0% |
| Equity | 10/15 | €2,102,981 | €2,123,780 | +€20,799 | +1.0% |
| Contributions | 10/11 | €388,433 | €388,433 | = | 0.0% |
| Reserves | 13 | €1,714,548 | €1,735,347 | +€20,799 | +1.2% |
| Non-distributable reserves | 130/1 | €21 | €21 | = | 0.0% |
| Other | 1319 | €21 | €21 | = | 0.0% |
| Tax-exempt reserves | 132 | €661,732 | €638,243 | -€23,489 | -3.5% |
| Distributable reserves | 133 | €1,052,795 | €1,097,083 | +€44,288 | +4.2% |
| Provisions and deferred taxes | 16 | €165,146 | €157,136 | -€8,010 | -4.9% |
| Deferred taxes | 168 | €165,146 | €157,136 | -€8,010 | -4.9% |
| Amounts payable | 17/49 | €6,992,724 | €6,604,906 | -€387,817 | -5.5% |
| Amounts payable after more than one year | 17 | €5,466,969 | €5,030,529 | -€436,440 | -8.0% |
| Financial debts | 170/4 | €5,466,969 | €5,030,529 | -€436,440 | -8.0% |
| Credit institutions | 173 | €5,194,686 | €4,773,988 | -€420,697 | -8.1% |
| Other loans | 174 | €272,283 | €256,541 | -€15,742 | -5.8% |
| Amounts payable within one year | 42/48 | €1,525,755 | €1,574,377 | +€48,622 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €484,947 | €447,944 | -€37,003 | -7.6% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €39,459 | €40,684 | +€1,225 | +3.1% |
| Suppliers | 440/4 | €39,459 | €40,684 | +€1,225 | +3.1% |
| Taxes, remuneration and social security | 45 | €23,828 | €18,171 | -€5,657 | -23.7% |
| Taxes | 450/3 | €21,835 | €15,746 | -€6,089 | -27.9% |
| Remuneration and social security | 454/9 | €1,993 | €2,426 | +€433 | +21.7% |
| Other amounts payable | 47/48 | €677,521 | €767,577 | +€90,057 | +13.3% |
| Operating income | 70/76A | €621,594 | €621,252 | -€342 | -0.1% |
| Turnover | 70 | €591,084 | €590,359 | -€726 | -0.1% |
| Other operating income | 74 | €30,509 | €30,893 | +€384 | +1.3% |
| Operating charges | 60/66A | €534,899 | €544,192 | +€9,293 | +1.7% |
| Goods for resale, raw materials and consumables | 60 | €26,266 | €32,320 | +€6,054 | +23.0% |
| Purchases | 600/8 | €26,266 | €32,320 | +€6,054 | +23.0% |
| Services and other goods | 61 | €198,515 | €205,135 | +€6,620 | +3.3% |
| Remuneration, social security and pensions | 62 | €31,338 | €37,713 | +€6,375 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,435 | €264,968 | -€8,467 | -3.1% |
| Other operating charges | 640/8 | €5,345 | €4,056 | -€1,288 | -24.1% |
| Operating profit (loss) | 9901 | €86,695 | €77,060 | -€9,635 | -11.1% |
| Financial income | 75/76B | €178,658 | €181,590 | +€2,932 | +1.6% |
| Recurring financial income | 75 | €178,658 | €181,590 | +€2,932 | +1.6% |
| Other financial income | 752/9 | €178,658 | €181,590 | +€2,932 | +1.6% |
| Financial charges | 65/66B | €235,479 | €231,098 | -€4,381 | -1.9% |
| Recurring financial charges | 65 | €235,479 | €231,098 | -€4,381 | -1.9% |
| Debt charges | 650 | €235,479 | €231,098 | -€4,381 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €29,874 | €27,552 | -€2,322 | -7.8% |
| Transfer from deferred taxes | 780 | €8,625 | €8,010 | -€615 | -7.1% |
| Income taxes | 67/77 | €16,138 | €14,763 | -€1,375 | -8.5% |
| Taxes | 670/3 | €16,138 | €14,763 | -€1,375 | -8.5% |
| Profit (loss) for the period | 9904 | €22,360 | €20,799 | -€1,561 | -7.0% |
| Transfer from tax-exempt reserves | 789 | €26,054 | €23,489 | -€2,565 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,415 | €44,288 | -€4,126 | -8.5% |
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 1 October 2026 via checked.be.