Immo-Casa: 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.
Immo-Casa
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€154,617
up €154,617, from -€32,102 to €122,515
- Gross operating margin +€45,843
up €45,843 (+39.8%), from €115,065 to €160,908
- Depreciation -€5,435
down €5,435 (-18.1%), from €30,022 to €24,587
- Other operating charges -€3,210
down €3,210 (-15.0%), from €21,405 to €18,195
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,885,558 | €4,841,226 | -€44,332 | -0.9% |
| Fixed assets | 21/28 | €3,636,098 | €3,615,222 | -€20,876 | -0.6% |
| Tangible fixed assets | 22/27 | €926,509 | €905,633 | -€20,876 | -2.3% |
| Land and buildings | 22 | €926,509 | €905,633 | -€20,876 | -2.3% |
| Financial fixed assets | 28 | €2,709,589 | €2,709,589 | = | 0.0% |
| Current assets | 29/58 | €1,249,460 | €1,226,004 | -€23,456 | -1.9% |
| Amounts receivable within one year | 40/41 | €1,191,451 | €1,151,652 | -€39,799 | -3.3% |
| Trade receivables | 40 | €15,629 | €21,379 | +€5,750 | +36.8% |
| Other amounts receivable | 41 | €1,175,822 | €1,130,273 | -€45,549 | -3.9% |
| Cash at bank and in hand | 54/58 | €58,009 | €74,352 | +€16,343 | +28.2% |
| Total equity and liabilities | 10/49 | €4,885,558 | €4,841,226 | -€44,332 | -0.9% |
| Equity | 10/15 | €2,823,485 | €2,821,196 | -€2,289 | -0.1% |
| Contributions | 10/11 | €153,942 | €153,942 | = | 0.0% |
| Capital | 10 | €153,942 | €153,942 | = | 0.0% |
| Issued capital | 100 | €153,942 | €153,942 | = | 0.0% |
| Reserves | 13 | €2,443,033 | €2,428,889 | -€14,144 | -0.6% |
| Non-distributable reserves | 130/1 | €15,394 | €15,394 | = | 0.0% |
| Legal reserve | 130 | €15,394 | €15,394 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,293 | €113,149 | -€14,144 | -11.1% |
| Distributable reserves | 133 | €2,300,346 | €2,300,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,510 | €238,365 | +€11,855 | +5.2% |
| Provisions and deferred taxes | 16 | €18,898 | €16,799 | -€2,099 | -11.1% |
| Deferred taxes | 168 | €18,898 | €16,799 | -€2,099 | -11.1% |
| Amounts payable | 17/49 | €2,043,175 | €2,003,231 | -€39,944 | -2.0% |
| Amounts payable after more than one year | 17 | €1,331,463 | €1,298,975 | -€32,488 | -2.4% |
| Financial debts | 170/4 | €1,331,463 | €1,298,975 | -€32,488 | -2.4% |
| Amounts payable within one year | 42/48 | €711,712 | €704,256 | -€7,456 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €32,167 | €32,488 | +€321 | +1.0% |
| Trade debts | 44 | €5,376 | €8,883 | +€3,507 | +65.2% |
| Suppliers | 440/4 | €5,376 | €8,883 | +€3,507 | +65.2% |
| Other amounts payable | 47/48 | €674,169 | €662,885 | -€11,284 | -1.7% |
| Remuneration, social security and pensions | 62 | €609 | - | -€609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,022 | €24,587 | -€5,435 | -18.1% |
| Other operating charges | 640/8 | €21,405 | €18,195 | -€3,210 | -15.0% |
| Gross operating margin | 9900 | €115,065 | €160,908 | +€45,843 | +39.8% |
| Operating profit (loss) | 9901 | €63,029 | €118,126 | +€55,097 | +87.4% |
| Financial charges | 65/66B | -€32,102 | €122,515 | +€154,617 | |
| Recurring financial charges | 65 | -€32,102 | €122,515 | +€154,617 | |
| Profit (loss) for the period before taxes | 9903 | €95,131 | -€4,389 | -€99,520 | |
| Transfer from deferred taxes | 780 | €2,100 | €2,100 | = | 0.0% |
| Income taxes | 67/77 | €698 | - | -€698 | |
| Profit (loss) for the period | 9904 | €96,533 | -€2,289 | -€98,822 | |
| Transfer from tax-exempt reserves | 789 | €14,144 | €14,144 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €110,677 | €11,855 | -€98,822 | -89.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.