Immo Centrale: 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.
Immo Centrale
Largest movements
- Receivables within one year +€130,904
up €130,904 (+107.9%), from €121,282 to €252,186
of which Trade receivables: +€125,121
- Deferred charges and accrued income -€91,180
down €91,180 (-14.8%), from €616,421 to €525,240
- Cash -€75,824
down €75,824 (-38.7%), from €196,124 to €120,300
mainly Receivables within one year (-€130,904) and Contributions, distributions and other (-€99,932)
- Reserves -€84,080
down €84,080 (-19.7%), from €425,957 to €341,877
of which Distributable reserves: -€84,080
- Other debts +€30,323
up €30,323 (+57.9%), from €52,337 to €82,660
- Financial charges -€65,716
down €65,716 (-96.7%), from €67,991 to €2,275
- Gross operating margin -€30,592
down €30,592 (-6.5%), from €467,603 to €437,010
- Taxes -€18,951
down €18,951 (-72.0%), from €26,337 to €7,386
- Financial income -€18,050
down €18,050 (-34.4%), from €52,488 to €34,438
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,733,493 | €2,716,291 | -€17,202 | -0.6% |
| Fixed assets | 21/28 | €50,232 | €59,416 | +€9,185 | +18.3% |
| Intangible fixed assets | 21 | - | €14,027 | +€14,027 | |
| Tangible fixed assets | 22/27 | €50,232 | €45,390 | -€4,842 | -9.6% |
| Land and buildings | 22 | €8,595 | €6,648 | -€1,947 | -22.6% |
| Furniture and vehicles | 24 | €5,637 | €2,741 | -€2,895 | -51.4% |
| Other tangible fixed assets | 26 | €36,000 | €36,000 | = | 0.0% |
| Current assets | 29/58 | €2,683,261 | €2,656,875 | -€26,386 | -1.0% |
| Amounts receivable after more than one year | 29 | €1,265,000 | €1,265,000 | = | 0.0% |
| Trade receivables | 290 | €1,265,000 | €1,265,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121,282 | €252,186 | +€130,904 | +107.9% |
| Trade receivables | 40 | €8,170 | €133,291 | +€125,121 | +1531.5% |
| Other amounts receivable | 41 | €113,112 | €118,894 | +€5,783 | +5.1% |
| Current investments | 50/53 | €484,434 | €494,149 | +€9,714 | +2.0% |
| Cash at bank and in hand | 54/58 | €196,124 | €120,300 | -€75,824 | -38.7% |
| Deferred charges and accrued income | 490/1 | €616,421 | €525,240 | -€91,180 | -14.8% |
| Total equity and liabilities | 10/49 | €2,733,493 | €2,716,291 | -€17,202 | -0.6% |
| Equity | 10/15 | €2,566,668 | €2,482,589 | -€84,080 | -3.3% |
| Contributions | 10/11 | €524,368 | €524,368 | = | 0.0% |
| Capital | 10 | €524,368 | €524,368 | = | 0.0% |
| Issued capital | 100 | €524,368 | €524,368 | = | 0.0% |
| Reserves | 13 | €425,957 | €341,877 | -€84,080 | -19.7% |
| Non-distributable reserves | 130/1 | €41,463 | €41,463 | = | 0.0% |
| Legal reserve | 130 | €41,463 | €41,463 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €328,245 | €244,165 | -€84,080 | -25.6% |
| Profit (loss) carried forward | 14 | €1,616,343 | €1,616,343 | = | 0.0% |
| Amounts payable | 17/49 | €166,824 | €233,702 | +€66,878 | +40.1% |
| Amounts payable within one year | 42/48 | €166,824 | €233,702 | +€66,878 | +40.1% |
| Trade debts | 44 | €2,771 | €29,886 | +€27,115 | +978.5% |
| Suppliers | 440/4 | €2,771 | €29,886 | +€27,115 | +978.5% |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €108,717 | €118,157 | +€9,440 | +8.7% |
| Taxes | 450/3 | €52,183 | €57,746 | +€5,563 | +10.7% |
| Remuneration and social security | 454/9 | €56,534 | €60,411 | +€3,877 | +6.9% |
| Other amounts payable | 47/48 | €52,337 | €82,660 | +€30,323 | +57.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €427,553 | €430,786 | +€3,234 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,842 | €5,335 | +€493 | +10.2% |
| Other operating charges | 640/8 | €8,231 | €9,814 | +€1,582 | +19.2% |
| Gross operating margin | 9900 | €467,603 | €437,010 | -€30,592 | -6.5% |
| Operating profit (loss) | 9901 | €26,977 | -€8,925 | -€35,902 | |
| Financial income | 75/76B | €52,488 | €34,438 | -€18,050 | -34.4% |
| Recurring financial income | 75 | €52,488 | €34,438 | -€18,050 | -34.4% |
| Financial charges | 65/66B | €67,991 | €2,275 | -€65,716 | -96.7% |
| Recurring financial charges | 65 | €67,991 | €2,275 | -€65,716 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €11,474 | €23,238 | +€11,765 | +102.5% |
| Income taxes | 67/77 | €26,337 | €7,386 | -€18,951 | -72.0% |
| Profit (loss) for the period | 9904 | -€14,864 | €15,852 | +€30,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,864 | €15,852 | +€30,716 |
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 6 October 2026 via checked.be.