IMMO CORPORATE: 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 CORPORATE
NACE 68.110, Buying and selling of own real estate
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2025 · €1.0m+€22,408
Equity
€3.3m
2025 · €3.9m-€518,449
Cash
€2.0m
2025 · €2.0m+€2,298
Balance sheet total
€14.9m
2025 · €15.4m-€496,532
Largest movements
Assets
- Tangible fixed assets -€530,193
down €530,193 (-4.0%), from €13.2m to €12.6m
of which Land and buildings: -€527,452
Equity and liabilities
- Other debts +€800,000
up €800,000, from €0 to €800,000
- Debts after one year -€750,000
down €750,000 (-7.1%), from €10.5m to €9.8m
- Profit (loss) carried forward -€518,449
down €518,449 (-17.0%), from €3.0m to €2.5m
Income statement
- Gross operating margin +€102,222
up €102,222 (+4.8%), from €2.1m to €2.2m
- Other operating charges +€58,256
up €58,256 (+37.1%), from €157,150 to €215,406
- Financial income -€32,017
down €32,017 (-49.7%), from €64,469 to €32,451
From the 2025 result to the 2026 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 2025
€1.0m
Gross operating margin
+€102,222
Depreciation
-€568
Other operating charges
-€58,256
Financial income
-€32,017
Financial charges
+€18,145
Taxes
-€7,118
Result 2026
€1.0m
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.3m
Investment
€0
Financing
-€2.3m
Cash 2025
€2.0m
From operations (derived)
+€2.3m
Net result for the year
+€1.0m
Depreciation
+€530,193
Receivables within one year
-€34,002
Deferred charges and accrued income
+€2,639
Trade debts
-€3,980
Tax, wage and social debts
-€10,372
Other debts
+€800,000
Accrued charges and deferred income
-€13,731
Financing
-€2.3m
Debts after one year
-€750,000
Contributions, distributions and other
-€1.6m
Cash 2026
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,426,097 | €14,929,564 | -€496,532 | -3.2% |
| Fixed assets | 21/28 | €13,174,470 | €12,644,277 | -€530,193 | -4.0% |
| Tangible fixed assets | 22/27 | €13,174,470 | €12,644,277 | -€530,193 | -4.0% |
| Land and buildings | 22 | €13,152,391 | €12,624,939 | -€527,452 | -4.0% |
| Plant, machinery and equipment | 23 | €22,079 | €19,338 | -€2,741 | -12.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,251,626 | €2,285,287 | +€33,661 | +1.5% |
| Amounts receivable within one year | 40/41 | €235,363 | €269,365 | +€34,002 | +14.4% |
| Trade receivables | 40 | €219,771 | €244,204 | +€24,433 | +11.1% |
| Other amounts receivable | 41 | €15,592 | €25,161 | +€9,569 | +61.4% |
| Cash at bank and in hand | 54/58 | €2,012,184 | €2,014,481 | +€2,298 | +0.1% |
| Deferred charges and accrued income | 490/1 | €4,080 | €1,441 | -€2,639 | -64.7% |
| Total equity and liabilities | 10/49 | €15,426,097 | €14,929,564 | -€496,532 | -3.2% |
| Equity | 10/15 | €3,866,870 | €3,348,421 | -€518,449 | -13.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,041,870 | €2,523,421 | -€518,449 | -17.0% |
| Amounts payable | 17/49 | €11,559,226 | €11,581,143 | +€21,917 | +0.2% |
| Amounts payable after more than one year | 17 | €10,500,000 | €9,750,000 | -€750,000 | -7.1% |
| Financial debts | 170/4 | €10,500,000 | €9,750,000 | -€750,000 | -7.1% |
| Amounts payable within one year | 42/48 | €855,157 | €1,640,805 | +€785,648 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €750,000 | €750,000 | = | 0.0% |
| Trade debts | 44 | €75,189 | €71,209 | -€3,980 | -5.3% |
| Suppliers | 440/4 | €75,189 | €71,209 | -€3,980 | -5.3% |
| Taxes, remuneration and social security | 45 | €29,968 | €19,596 | -€10,372 | -34.6% |
| Taxes | 450/3 | €26,224 | €19,596 | -€6,628 | -25.3% |
| Remuneration and social security | 454/9 | €3,744 | €0 | -€3,744 | -100% |
| Other amounts payable | 47/48 | €0 | €800,000 | +€800,000 | |
| Accrued charges and deferred income | 492/3 | €204,069 | €190,338 | -€13,731 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529,625 | €530,193 | +€568 | +0.1% |
| Other operating charges | 640/8 | €157,150 | €215,406 | +€58,256 | +37.1% |
| Gross operating margin | 9900 | €2,140,555 | €2,242,776 | +€102,222 | +4.8% |
| Operating profit (loss) | 9901 | €1,453,780 | €1,497,178 | +€43,398 | +3.0% |
| Financial income | 75/76B | €64,469 | €32,451 | -€32,017 | -49.7% |
| Recurring financial income | 75 | €64,469 | €32,451 | -€32,017 | -49.7% |
| Financial charges | 65/66B | €172,373 | €154,228 | -€18,145 | -10.5% |
| Recurring financial charges | 65 | €172,373 | €154,228 | -€18,145 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €1,345,875 | €1,375,401 | +€29,526 | +2.2% |
| Income taxes | 67/77 | €336,733 | €343,850 | +€7,118 | +2.1% |
| Profit (loss) for the period | 9904 | €1,009,142 | €1,031,551 | +€22,408 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,009,142 | €1,031,551 | +€22,408 | +2.2% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.