IMMO EDISON: 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 EDISON
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€53,043
2024 · €55,438-€2,395
Equity
€899,498
2024 · €863,379+€36,119
Cash
€12,764
2024 · €15,008-€2,244
Balance sheet total
€3.0m
2024 · €3.1m-€172,707
Largest movements
Assets
- Tangible fixed assets -€170,463
down €170,463 (-5.4%), from €3.1m to €3.0m
Equity and liabilities
- Debts after one year -€182,525
down €182,525 (-9.9%), from €1.9m to €1.7m
- Profit (loss) carried forward +€58,691
up €58,691 (+12.1%), from €483,616 to €542,307
Income statement
- Taxes +€4,865
no longer reported in 2025 (was -€4,865)
- Depreciation -€2,928
down €2,928 (-1.7%), from €173,391 to €170,463
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
€55,438
Gross operating margin
-€1,326
Depreciation
+€2,928
Other operating charges
-€611
Financial income
-€259
Financial charges
+€1,738
Taxes
-€4,865
Result 2025
€53,043
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
+€206,021
Investment
€0
Financing
-€208,265
Cash 2024
€15,008
From operations (derived)
+€206,021
Net result for the year
+€53,043
Depreciation
+€170,463
Provisions
-€1,412
Trade debts
+€968
Smaller working-capital items
+€27
Other debts
-€17,068
Financing
-€208,265
Debts after one year
-€182,525
Current portion of long-term debt
-€8,816
Contributions, distributions and other
-€16,924
Cash 2025
€12,764
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,143,503 | €2,970,796 | -€172,707 | -5.5% |
| Fixed assets | 21/28 | €3,128,495 | €2,958,032 | -€170,463 | -5.4% |
| Tangible fixed assets | 22/27 | €3,128,495 | €2,958,032 | -€170,463 | -5.4% |
| Land and buildings | 22 | €3,128,495 | €2,958,032 | -€170,463 | -5.4% |
| Current assets | 29/58 | €15,008 | €12,764 | -€2,244 | -15.0% |
| Cash at bank and in hand | 54/58 | €15,008 | €12,764 | -€2,244 | -15.0% |
| Total equity and liabilities | 10/49 | €3,143,503 | €2,970,796 | -€172,707 | -5.5% |
| Equity | 10/15 | €863,379 | €899,498 | +€36,119 | +4.2% |
| Contributions | 10/11 | €16,338 | €16,338 | = | 0.0% |
| Reserves | 13 | €92,003 | €86,355 | -€5,648 | -6.1% |
| Tax-exempt reserves | 132 | €90,369 | €84,721 | -€5,648 | -6.2% |
| Distributable reserves | 133 | €1,634 | €1,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €483,616 | €542,307 | +€58,691 | +12.1% |
| Investment grants | 15 | €271,422 | €254,498 | -€16,924 | -6.2% |
| Provisions and deferred taxes | 16 | €22,592 | €21,180 | -€1,412 | -6.3% |
| Deferred taxes | 168 | €22,592 | €21,180 | -€1,412 | -6.3% |
| Amounts payable | 17/49 | €2,257,532 | €2,050,118 | -€207,414 | -9.2% |
| Amounts payable after more than one year | 17 | €1,851,741 | €1,669,216 | -€182,525 | -9.9% |
| Financial debts | 170/4 | €1,851,741 | €1,669,216 | -€182,525 | -9.9% |
| Amounts payable within one year | 42/48 | €405,767 | €380,902 | -€24,865 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €191,341 | €182,525 | -€8,816 | -4.6% |
| Trade debts | 44 | - | €968 | +€968 | |
| Suppliers | 440/4 | - | €968 | +€968 | |
| Taxes, remuneration and social security | 45 | €12,381 | €12,432 | +€51 | +0.4% |
| Taxes | 450/3 | €12,381 | €12,432 | +€51 | +0.4% |
| Other amounts payable | 47/48 | €202,045 | €184,977 | -€17,068 | -8.4% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Turnover | 70 | €240,000 | €240,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,040 | €2,366 | +€1,326 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,391 | €170,463 | -€2,928 | -1.7% |
| Other operating charges | 640/8 | €467 | €1,078 | +€611 | +131% |
| Gross operating margin | 9900 | €238,960 | €237,634 | -€1,326 | -0.6% |
| Operating profit (loss) | 9901 | €65,102 | €66,093 | +€991 | +1.5% |
| Financial income | 75/76B | €18,078 | €17,819 | -€259 | -1.4% |
| Recurring financial income | 75 | €18,078 | €17,819 | -€259 | -1.4% |
| Financial charges | 65/66B | €34,019 | €32,281 | -€1,738 | -5.1% |
| Recurring financial charges | 65 | €34,019 | €32,281 | -€1,738 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €49,161 | €51,631 | +€2,470 | +5.0% |
| Transfer from deferred taxes | 780 | €1,412 | €1,412 | = | 0.0% |
| Income taxes | 67/77 | -€4,865 | - | +€4,865 | |
| Profit (loss) for the period | 9904 | €55,438 | €53,043 | -€2,395 | -4.3% |
| Transfer from tax-exempt reserves | 789 | €5,648 | €5,648 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,086 | €58,691 | -€2,395 | -3.9% |
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 14 October 2026 via checked.be.