Immo centre-ville: 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 centre-ville
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€267,938
2024 · -€186,563-€81,376
Equity
€854,788
2024 · €1.1m-€267,938
Cash
€8,441
2024 · €4,936+€3,505
Balance sheet total
€7.2m
2024 · €7.1m+€59,325
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year +€313,301
up €313,301 (+5.6%), from €5.6m to €5.9m
of which Other amounts payable: +€551,956
- Profit (loss) carried forward -€267,938
down €267,938 (-60.3%), from -€444,474 to -€712,412
Income statement
- Gross operating margin -€79,635
down €79,635 (-37.3%), from €213,765 to €134,131
- Turnover -€64,843
down €64,843 (-16.9%), from €384,354 to €319,511
- Purchases and services +€17,560
up €17,560 (+10.0%), from €175,790 to €193,350
- Financial income -€6,563
down €6,563 (-99.9%), from €6,571 to €8
- Depreciation +€5,384
up €5,384 (+2.2%), from €242,010 to €247,395
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
-€186,563
Gross operating margin
-€79,635
Depreciation
-€5,384
Write-downs
+€2,989
Other operating charges
+€3,771
Financial income
-€6,563
Financial charges
+€3,446
Result 2025
-€267,938
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
-€5,050
Investment
-€307,879
Financing
+€316,433
Cash 2024
€4,936
From operations (derived)
-€5,050
Net result for the year
-€267,938
Depreciation
+€247,395
Receivables within one year
+€14,597
Deferred charges and accrued income
-€9,934
Trade debts
+€26,994
Tax, wage and social debts
-€6,134
Other debts
-€10,030
Investment (derived)
-€307,879
Investment in fixed assets (net)
-€307,879
Financing
+€316,433
Debts after one year
+€313,301
Current portion of long-term debt
+€3,132
Cash 2025
€8,441
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,117,435 | €7,176,761 | +€59,325 | +0.8% |
| Fixed assets | 21/28 | €7,017,765 | €7,078,249 | +€60,484 | +0.9% |
| Intangible fixed assets | 21 | €4,625 | €2,309 | -€2,316 | -50.1% |
| Tangible fixed assets | 22/27 | €7,013,140 | €7,075,940 | +€62,799 | +0.9% |
| Land and buildings | 22 | €6,856,397 | €6,714,894 | -€141,503 | -2.1% |
| Plant, machinery and equipment | 23 | €3,569 | €3,145 | -€424 | -11.9% |
| Furniture and vehicles | 24 | €13,466 | €8,868 | -€4,598 | -34.1% |
| Assets under construction and advance payments | 27 | €139,708 | €349,032 | +€209,324 | +150% |
| Current assets | 29/58 | €99,670 | €98,512 | -€1,158 | -1.2% |
| Amounts receivable within one year | 40/41 | €85,330 | €70,732 | -€14,597 | -17.1% |
| Trade receivables | 40 | €84,130 | €70,732 | -€13,397 | -15.9% |
| Other amounts receivable | 41 | €1,200 | - | -€1,200 | |
| Cash at bank and in hand | 54/58 | €4,936 | €8,441 | +€3,505 | +71.0% |
| Deferred charges and accrued income | 490/1 | €9,405 | €19,339 | +€9,934 | +106% |
| Total equity and liabilities | 10/49 | €7,117,435 | €7,176,761 | +€59,325 | +0.8% |
| Equity | 10/15 | €1,122,726 | €854,788 | -€267,938 | -23.9% |
| Contributions | 10/11 | €1,552,000 | €1,552,000 | = | 0.0% |
| Reserves | 13 | €15,200 | €15,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,200 | €15,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,200 | €15,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€444,474 | -€712,412 | -€267,938 | -60.3% |
| Amounts payable | 17/49 | €5,994,710 | €6,321,973 | +€327,263 | +5.5% |
| Amounts payable after more than one year | 17 | €5,550,240 | €5,863,541 | +€313,301 | +5.6% |
| Financial debts | 170/4 | €4,236,102 | €3,997,447 | -€238,656 | -5.6% |
| Other amounts payable | 178/9 | €1,314,138 | €1,866,094 | +€551,956 | +42.0% |
| Amounts payable within one year | 42/48 | €444,470 | €458,432 | +€13,963 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €235,523 | €238,656 | +€3,132 | +1.3% |
| Trade debts | 44 | €97,838 | €124,832 | +€26,994 | +27.6% |
| Suppliers | 440/4 | €97,838 | €124,832 | +€26,994 | +27.6% |
| Taxes, remuneration and social security | 45 | €34,338 | €28,204 | -€6,134 | -17.9% |
| Taxes | 450/3 | €34,338 | €28,204 | -€6,134 | -17.9% |
| Other amounts payable | 47/48 | €76,770 | €66,740 | -€10,030 | -13.1% |
| Turnover | 70 | €384,354 | €319,511 | -€64,843 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €175,790 | €193,350 | +€17,560 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,010 | €247,395 | +€5,384 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,989 | -€2,989 | |
| Other operating charges | 640/8 | €30,147 | €26,376 | -€3,771 | -12.5% |
| Gross operating margin | 9900 | €213,765 | €134,131 | -€79,635 | -37.3% |
| Operating profit (loss) | 9901 | -€58,392 | -€136,650 | -€78,259 | -134% |
| Financial income | 75/76B | €6,571 | €8 | -€6,563 | -99.9% |
| Recurring financial income | 75 | €6,571 | €8 | -€6,563 | -99.9% |
| Financial charges | 65/66B | €134,741 | €131,296 | -€3,446 | -2.6% |
| Recurring financial charges | 65 | €134,741 | €131,296 | -€3,446 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€186,563 | -€267,938 | -€81,376 | -43.6% |
| Profit (loss) for the period | 9904 | -€186,563 | -€267,938 | -€81,376 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,563 | -€267,938 | -€81,376 | -43.6% |
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 29 October 2026 via checked.be.