IMMO CABELCO: 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 CABELCO
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
€31,628
2024 · €24,403+€7,225
Equity
€1.3m
2024 · €1.2m+€21,821
Cash
€262,888
2024 · €221,235+€41,653
Balance sheet total
€1.4m
2024 · €1.4m+€11,834
Largest movements
Assets
- Cash +€41,653
up €41,653 (+18.8%), from €221,235 to €262,888
mainly Depreciation (+€81,926) and Current investments (+€36,000)
- Current investments -€36,000
down €36,000 (-100.0%), from €36,000 to €0
Equity and liabilities
- Reserves +€21,821
up €21,821 (+2.2%), from €974,368 to €996,188
of which Distributable reserves: +€52,197
Income statement
- Depreciation -€8,203
down €8,203 (-9.1%), from €90,129 to €81,926
- Gross operating margin +€3,654
up €3,654 (+2.7%), from €134,157 to €137,810
- Taxes -€1,730
down €1,730 (-5.4%), from €31,953 to €30,223
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
€24,403
Gross operating margin
+€3,654
Depreciation
+€8,203
Other operating charges
-€745
Financial income
+€396
Financial charges
+€4
Taxes
+€1,730
Deferred taxes and other
-€6,017
Result 2025
€31,628
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
+€104,945
Investment
-€53,485
Financing
-€9,807
Cash 2024
€221,235
From operations (derived)
+€104,945
Net result for the year
+€31,628
Depreciation
+€81,926
Receivables within one year
+€2,824
Deferred charges and accrued income
-€1,445
Provisions
-€11,300
Trade debts
+€400
Tax, wage and social debts
+€170
Other debts
+€2,392
Accrued charges and deferred income
-€1,649
Investment (derived)
-€53,485
Investment in fixed assets (net)
-€89,485
Current investments
+€36,000
Financing
-€9,807
Contributions, distributions and other
-€9,807
Cash 2025
€262,888
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,417,194 | €1,429,028 | +€11,834 | +0.8% |
| Fixed assets | 21/28 | €1,156,994 | €1,164,554 | +€7,560 | +0.7% |
| Tangible fixed assets | 22/27 | €1,156,994 | €1,164,554 | +€7,560 | +0.7% |
| Land and buildings | 22 | €1,135,434 | €1,065,622 | -€69,812 | -6.1% |
| Furniture and vehicles | 24 | €18,221 | €96,325 | +€78,105 | +428.7% |
| Other tangible fixed assets | 26 | €3,339 | €2,606 | -€733 | -22.0% |
| Current assets | 29/58 | €260,199 | €264,474 | +€4,274 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,824 | €0 | -€2,824 | -100.0% |
| Trade receivables | 40 | €2,051 | €0 | -€2,051 | -100.0% |
| Other amounts receivable | 41 | €773 | €0 | -€773 | -100.0% |
| Current investments | 50/53 | €36,000 | €0 | -€36,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €221,235 | €262,888 | +€41,653 | +18.8% |
| Deferred charges and accrued income | 490/1 | €141 | €1,586 | +€1,445 | +1028.6% |
| Total equity and liabilities | 10/49 | €1,417,194 | €1,429,028 | +€11,834 | +0.8% |
| Equity | 10/15 | €1,235,182 | €1,257,003 | +€21,821 | +1.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €974,368 | €996,188 | +€21,821 | +2.2% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €306,943 | €276,567 | -€30,376 | -9.9% |
| Distributable reserves | 133 | €661,174 | €713,371 | +€52,197 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €158,122 | €146,822 | -€11,300 | -7.1% |
| Deferred taxes | 168 | €158,122 | €146,822 | -€11,300 | -7.1% |
| Amounts payable | 17/49 | €23,889 | €25,202 | +€1,313 | +5.5% |
| Amounts payable within one year | 42/48 | €20,728 | €23,690 | +€2,962 | +14.3% |
| Trade debts | 44 | €1,891 | €2,291 | +€400 | +21.2% |
| Suppliers | 440/4 | €1,891 | €2,291 | +€400 | +21.2% |
| Taxes, remuneration and social security | 45 | €6,338 | €6,508 | +€170 | +2.7% |
| Taxes | 450/3 | €6,338 | €6,508 | +€170 | +2.7% |
| Other amounts payable | 47/48 | €12,499 | €14,891 | +€2,392 | +19.1% |
| Accrued charges and deferred income | 492/3 | €3,161 | €1,513 | -€1,649 | -52.1% |
| Non-recurring operating income | 76A | - | €6,779 | +€6,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,129 | €81,926 | -€8,203 | -9.1% |
| Other operating charges | 640/8 | €5,873 | €6,618 | +€745 | +12.7% |
| Gross operating margin | 9900 | €134,157 | €137,810 | +€3,654 | +2.7% |
| Operating profit (loss) | 9901 | €38,155 | €49,267 | +€11,112 | +29.1% |
| Financial income | 75/76B | €1,100 | €1,496 | +€396 | +36.0% |
| Recurring financial income | 75 | €1,100 | €1,496 | +€396 | +36.0% |
| Financial charges | 65/66B | €216 | €212 | -€4 | -2.0% |
| Recurring financial charges | 65 | €216 | €212 | -€4 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €39,038 | €50,551 | +€11,513 | +29.5% |
| Transfer from deferred taxes | 780 | €17,317 | €11,300 | -€6,017 | -34.7% |
| Income taxes | 67/77 | €31,953 | €30,223 | -€1,730 | -5.4% |
| Profit (loss) for the period | 9904 | €24,403 | €31,628 | +€7,225 | +29.6% |
| Transfer from tax-exempt reserves | 789 | €33,616 | €30,376 | -€3,240 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,018 | €62,004 | +€3,985 | +6.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.