Immo de Condé: 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 de Condé
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
€230,306
2024 · €220,917+€9,390
Equity
€959,839
2024 · €729,533+€230,306
Cash
€124,883
2024 · €115,295+€9,588
Balance sheet total
€5.4m
2024 · €5.5m-€87,190
Largest movements
Assets
- Tangible fixed assets -€97,010
down €97,010 (-1.8%), from €5.4m to €5.3m
Equity and liabilities
- Debts after one year -€316,830
down €316,830 (-7.2%), from €4.4m to €4.1m
- Profit (loss) carried forward +€230,306
up €230,306 (+31.8%), from €724,533 to €954,839
Income statement
- Financial charges -€17,839
down €17,839 (-14.8%), from €120,588 to €102,750
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
€220,917
Gross operating margin
-€4,388
Depreciation
-€1,352
Other operating charges
+€421
Financial charges
+€17,839
Taxes
-€3,130
Result 2025
€230,306
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
+€331,798
Investment
-€9,988
Financing
-€312,222
Cash 2024
€115,295
From operations (derived)
+€331,798
Net result for the year
+€230,306
Depreciation
+€106,998
Receivables within one year
-€231
Trade debts
-€927
Tax, wage and social debts
+€8,772
Accrued charges and deferred income
-€13,120
Investment (derived)
-€9,988
Investment in fixed assets (net)
-€9,988
Financing
-€312,222
Debts after one year
-€316,830
Current portion of long-term debt
+€4,608
Cash 2025
€124,883
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,510,615 | €5,423,425 | -€87,190 | -1.6% |
| Fixed assets | 21/28 | €5,395,321 | €5,298,311 | -€97,010 | -1.8% |
| Tangible fixed assets | 22/27 | €5,395,321 | €5,298,311 | -€97,010 | -1.8% |
| Land and buildings | 22 | €5,395,321 | €5,298,311 | -€97,010 | -1.8% |
| Current assets | 29/58 | €115,295 | €125,114 | +€9,819 | +8.5% |
| Amounts receivable within one year | 40/41 | - | €231 | +€231 | |
| Other amounts receivable | 41 | - | €231 | +€231 | |
| Cash at bank and in hand | 54/58 | €115,295 | €124,883 | +€9,588 | +8.3% |
| Total equity and liabilities | 10/49 | €5,510,615 | €5,423,425 | -€87,190 | -1.6% |
| Equity | 10/15 | €729,533 | €959,839 | +€230,306 | +31.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €724,533 | €954,839 | +€230,306 | +31.8% |
| Amounts payable | 17/49 | €4,781,083 | €4,463,586 | -€317,497 | -6.6% |
| Amounts payable after more than one year | 17 | €4,390,624 | €4,073,794 | -€316,830 | -7.2% |
| Financial debts | 170/4 | €4,390,624 | €4,073,794 | -€316,830 | -7.2% |
| Amounts payable within one year | 42/48 | €323,215 | €335,668 | +€12,453 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €312,222 | €316,830 | +€4,608 | +1.5% |
| Trade debts | 44 | €3,054 | €2,127 | -€927 | -30.4% |
| Suppliers | 440/4 | €3,054 | €2,127 | -€927 | -30.4% |
| Taxes, remuneration and social security | 45 | €7,939 | €16,711 | +€8,772 | +111% |
| Taxes | 450/3 | €7,939 | €16,711 | +€8,772 | +111% |
| Accrued charges and deferred income | 492/3 | €67,244 | €54,124 | -€13,120 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,646 | €106,998 | +€1,352 | +1.3% |
| Other operating charges | 640/8 | €59,504 | €59,083 | -€421 | -0.7% |
| Gross operating margin | 9900 | €580,294 | €575,906 | -€4,388 | -0.8% |
| Operating profit (loss) | 9901 | €415,144 | €409,825 | -€5,319 | -1.3% |
| Financial charges | 65/66B | €120,588 | €102,750 | -€17,839 | -14.8% |
| Recurring financial charges | 65 | €120,588 | €102,750 | -€17,839 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €294,555 | €307,075 | +€12,520 | +4.3% |
| Income taxes | 67/77 | €73,639 | €76,769 | +€3,130 | +4.3% |
| Profit (loss) for the period | 9904 | €220,917 | €230,306 | +€9,390 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €220,917 | €230,306 | +€9,390 | +4.3% |
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 24 October 2026 via checked.be.