IMMO CASH: 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.
What changed
IMMO CASH
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,007
2024 · €17,302-€9,295
Equity
€534,154
2024 · €526,147+€8,007
Cash
€138,959
2024 · €296,193-€157,234
Balance sheet total
€5.0m
2024 · €5.3m-€327,419
Largest movements
Assets
- Stocks and contracts -€313,160
down €313,160 (-99.9%), from €313,450 to €290
- Current investments +€200,000
new in 2025: €200,000
- Cash -€157,234
down €157,234 (-53.1%), from €296,193 to €138,959
mainly Debts after one year (-€253,193) and Current investments (-€200,000)
Equity and liabilities
- Debts after one year -€253,193
down €253,193 (-10.4%), from €2.4m to €2.2m
of which Other amounts payable: -€485,033
- Other debts -€65,076
down €65,076 (-11.5%), from €564,044 to €498,968
Income statement
- Financial charges -€49,450
down €49,450 (-21.5%), from €230,126 to €180,676
- Gross operating margin -€31,395
down €31,395 (-7.0%), from €451,705 to €420,310
- Other operating charges +€16,097
up €16,097 (+63.5%), from €25,332 to €41,428
- Depreciation +€12,187
up €12,187 (+6.7%), from €181,007 to €193,193
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
€17,302
Gross operating margin
-€31,395
Depreciation
-€12,187
Other operating charges
-€16,097
Financial income
+€846
Financial charges
+€49,450
Taxes
+€88
Result 2025
€8,007
raises the resultlowers the result
Derived cash bridge
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
+€438,839
Investment
-€341,707
Financing
-€254,366
Cash 2024
€296,193
From operations (derived)
+€438,839
Net result for the year
+€8,007
Depreciation
+€193,193
Stocks and contracts
+€313,160
Receivables within one year
+€5,196
Deferred charges and accrued income
+€342
Provisions
-€6,750
Trade debts
+€2,607
Tax, wage and social debts
-€10,489
Other debts
-€65,076
Accrued charges and deferred income
-€1,351
Investment (derived)
-€341,707
Investment in fixed assets (net)
-€141,707
Current investments
-€200,000
Financing
-€254,366
Debts after one year
-€253,193
Current portion of long-term debt
-€1,173
Cash 2025
€138,959
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,325,672 | €4,998,253 | -€327,419 | -6.1% |
| Fixed assets | 21/28 | €4,703,703 | €4,652,217 | -€51,486 | -1.1% |
| Tangible fixed assets | 22/27 | €4,703,703 | €4,652,217 | -€51,486 | -1.1% |
| Land and buildings | 22 | €4,680,322 | €4,634,582 | -€45,740 | -1.0% |
| Furniture and vehicles | 24 | €23,381 | €17,635 | -€5,746 | -24.6% |
| Current assets | 29/58 | €621,969 | €346,037 | -€275,932 | -44.4% |
| Stocks and contracts in progress | 3 | €313,450 | €290 | -€313,160 | -99.9% |
| Stocks | 30/36 | €313,450 | €290 | -€313,160 | -99.9% |
| Amounts receivable within one year | 40/41 | €5,196 | €0 | -€5,196 | -100% |
| Trade receivables | 40 | €5,196 | €0 | -€5,196 | -100% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €296,193 | €138,959 | -€157,234 | -53.1% |
| Deferred charges and accrued income | 490/1 | €7,130 | €6,788 | -€342 | -4.8% |
| Total equity and liabilities | 10/49 | €5,325,672 | €4,998,253 | -€327,419 | -6.1% |
| Equity | 10/15 | €526,147 | €534,154 | +€8,007 | +1.5% |
| Contributions | 10/11 | €111,973 | €111,973 | = | 0.0% |
| Capital | 10 | €111,973 | €111,973 | = | 0.0% |
| Issued capital | 100 | €111,973 | €111,973 | = | 0.0% |
| Reserves | 13 | €113,550 | €110,134 | -€3,415 | -3.0% |
| Non-distributable reserves | 130/1 | €11,197 | €11,197 | = | 0.0% |
| Legal reserve | 130 | €11,197 | €11,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,352 | €98,937 | -€3,415 | -3.3% |
| Profit (loss) carried forward | 14 | €300,624 | €312,046 | +€11,422 | +3.8% |
| Provisions and deferred taxes | 16 | €1,539,733 | €1,532,983 | -€6,750 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €1,505,616 | €1,500,004 | -€5,612 | -0.4% |
| Other liabilities and charges | 164/5 | €1,505,616 | €1,500,004 | -€5,612 | -0.4% |
| Deferred taxes | 168 | €34,117 | €32,979 | -€1,138 | -3.3% |
| Amounts payable | 17/49 | €3,259,792 | €2,931,117 | -€328,675 | -10.1% |
| Amounts payable after more than one year | 17 | €2,430,609 | €2,177,416 | -€253,193 | -10.4% |
| Financial debts | 170/4 | €1,937,376 | €2,169,216 | +€231,840 | +12.0% |
| Other amounts payable | 178/9 | €493,233 | €8,200 | -€485,033 | -98.3% |
| Amounts payable within one year | 42/48 | €823,476 | €749,345 | -€74,131 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €115,228 | €114,056 | -€1,173 | -1.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €6,259 | €8,866 | +€2,607 | +41.7% |
| Suppliers | 440/4 | €6,259 | €8,866 | +€2,607 | +41.7% |
| Taxes, remuneration and social security | 45 | €12,945 | €2,456 | -€10,489 | -81.0% |
| Taxes | 450/3 | €12,945 | €2,456 | -€10,489 | -81.0% |
| Other amounts payable | 47/48 | €564,044 | €498,968 | -€65,076 | -11.5% |
| Accrued charges and deferred income | 492/3 | €5,707 | €4,356 | -€1,351 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,007 | €193,193 | +€12,187 | +6.7% |
| Other operating charges | 640/8 | €25,332 | €41,428 | +€16,097 | +63.5% |
| Gross operating margin | 9900 | €451,705 | €420,310 | -€31,395 | -7.0% |
| Operating profit (loss) | 9901 | €245,367 | €185,688 | -€59,679 | -24.3% |
| Financial income | 75/76B | €1,827 | €2,673 | +€846 | +46.3% |
| Recurring financial income | 75 | €1,827 | €2,673 | +€846 | +46.3% |
| Financial charges | 65/66B | €230,126 | €180,676 | -€49,450 | -21.5% |
| Recurring financial charges | 65 | €230,126 | €180,676 | -€49,450 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €17,068 | €7,685 | -€9,383 | -55.0% |
| Transfer from deferred taxes | 780 | €1,138 | €1,138 | = | 0.0% |
| Income taxes | 67/77 | €904 | €816 | -€88 | -9.7% |
| Profit (loss) for the period | 9904 | €17,302 | €8,007 | -€9,295 | -53.7% |
| Transfer from tax-exempt reserves | 789 | €3,415 | €3,415 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,717 | €11,422 | -€9,295 | -44.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.