IMMO C.C.: what changed
What changed
IMMO C.C.
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€266,799
2024 · €256,675+€10,124
Equity
€405,709
2024 · €338,309+€67,399
Cash
€2,141
2024 · €768+€1,374
Balance sheet total
€584,048
2024 · €796,528-€212,480
Largest movements
Assets
- Tangible fixed assets -€338,813
down €338,813 (-75.8%), from €446,993 to €108,179
of which Land and buildings: -€336,246
- Receivables within one year +€124,950
up €124,950 (+35.8%), from €348,768 to €473,718
Equity and liabilities
- Profit (loss) carried forward +€542,795
up €542,795, from -€200,836 to €341,960
- Current portion of long-term debt -€279,993
down €279,993 (-97.5%), from €287,110 to €7,117
- Reserves -€275,996
down €275,996 (-93.6%), from €294,808 to €18,812
of which Tax-exempt reserves: -€275,996
- Revaluation surpluses -€199,400
no longer reported in 2025 (was €199,400)
- Tax, wage and social debts +€100,747
new in 2025: €100,747
Income statement
- Gross operating margin -€116,810
down €116,810 (-28.4%), from €411,267 to €294,457
- Taxes +€99,875
new in 2025: €99,875
- Depreciation -€24,684
down €24,684 (-88.7%), from €27,839 to €3,156
- Financial charges -€16,582
down €16,582 (-58.7%), from €28,246 to €11,664
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€256,675
Gross operating margin
-€116,810
Depreciation
+€24,684
Other operating charges
+€1,546
Financial charges
+€16,582
Taxes
-€99,875
Deferred taxes and other
+€183,997
Result 2025
€266,799
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€152,226
Investment
+€335,658
Financing
-€486,510
Cash 2024
€768
From operations (derived)
+€152,226
Net result for the year
+€266,799
Depreciation
+€3,156
Receivables within one year
-€124,950
Deferred charges and accrued income
-€9
Provisions
-€91,999
Trade debts
-€1,518
Tax, wage and social debts
+€100,747
Investment (derived)
+€335,658
Investment in fixed assets (net)
+€335,658
Financing
-€486,510
Debts after one year
-€7,117
Current portion of long-term debt
-€279,993
Contributions, distributions and other
-€199,400
Cash 2025
€2,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €796,528 | €584,048 | -€212,480 | -26.7% |
| Fixed assets | 21/28 | €446,993 | €108,179 | -€338,813 | -75.8% |
| Tangible fixed assets | 22/27 | €446,993 | €108,179 | -€338,813 | -75.8% |
| Land and buildings | 22 | €444,425 | €108,179 | -€336,246 | -75.7% |
| Plant, machinery and equipment | 23 | €2,568 | - | -€2,568 | |
| Current assets | 29/58 | €349,536 | €475,868 | +€126,333 | +36.1% |
| Amounts receivable within one year | 40/41 | €348,768 | €473,718 | +€124,950 | +35.8% |
| Other amounts receivable | 41 | €348,768 | €473,718 | +€124,950 | +35.8% |
| Cash at bank and in hand | 54/58 | €768 | €2,141 | +€1,374 | +179% |
| Deferred charges and accrued income | 490/1 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €796,528 | €584,048 | -€212,480 | -26.7% |
| Equity | 10/15 | €338,309 | €405,709 | +€67,399 | +19.9% |
| Contributions | 10/11 | €44,937 | €44,937 | = | 0.0% |
| Revaluation surpluses | 12 | €199,400 | - | -€199,400 | |
| Reserves | 13 | €294,808 | €18,812 | -€275,996 | -93.6% |
| Tax-exempt reserves | 132 | €275,996 | - | -€275,996 | |
| Distributable reserves | 133 | €18,812 | €18,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,836 | €341,960 | +€542,795 | |
| Provisions and deferred taxes | 16 | €91,999 | - | -€91,999 | |
| Deferred taxes | 168 | €91,999 | - | -€91,999 | |
| Amounts payable | 17/49 | €366,220 | €178,339 | -€187,881 | -51.3% |
| Amounts payable after more than one year | 17 | €76,382 | €69,265 | -€7,117 | -9.3% |
| Financial debts | 170/4 | €76,382 | €69,265 | -€7,117 | -9.3% |
| Amounts payable within one year | 42/48 | €289,838 | €109,074 | -€180,764 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €287,110 | €7,117 | -€279,993 | -97.5% |
| Trade debts | 44 | €2,714 | €1,196 | -€1,518 | -55.9% |
| Suppliers | 440/4 | €2,714 | €1,196 | -€1,518 | -55.9% |
| Taxes, remuneration and social security | 45 | - | €100,747 | +€100,747 | |
| Taxes | 450/3 | - | €100,747 | +€100,747 | |
| Other amounts payable | 47/48 | €14 | €14 | = | 0.0% |
| Non-recurring operating income | 76A | €398,085 | €298,742 | -€99,342 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,839 | €3,156 | -€24,684 | -88.7% |
| Other operating charges | 640/8 | €6,508 | €4,961 | -€1,546 | -23.8% |
| Gross operating margin | 9900 | €411,267 | €294,457 | -€116,810 | -28.4% |
| Operating profit (loss) | 9901 | €376,920 | €286,340 | -€90,580 | -24.0% |
| Financial charges | 65/66B | €28,246 | €11,664 | -€16,582 | -58.7% |
| Recurring financial charges | 65 | €28,246 | €11,664 | -€16,582 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €348,674 | €274,676 | -€73,998 | -21.2% |
| Transfer from deferred taxes | 780 | - | €91,999 | +€91,999 | |
| Transfer to deferred taxes | 680 | €91,999 | - | -€91,999 | |
| Income taxes | 67/77 | - | €99,875 | +€99,875 | |
| Profit (loss) for the period | 9904 | €256,675 | €266,799 | +€10,124 | +3.9% |
| Transfer from tax-exempt reserves | 789 | - | €275,996 | +€275,996 | |
| Transfer to tax-exempt reserves | 689 | €275,996 | - | -€275,996 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,321 | €542,795 | +€562,116 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.