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IMMO ELITE: 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.

What changed

IMMO ELITE

BE 0447.475.747
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,270
2024 · €124,828-€112,559
Equity
€148,033
2024 · €135,764+€12,270
Cash
€29,483
2024 · €32,824-€3,341
Balance sheet total
€203,995
2024 · €205,874-€1,879

Largest movements

2024 to 2025
Assets
  • Cash -€3,341

    down €3,341 (-10.2%), from €32,824 to €29,483

    mainly Current portion of long-term debt (-€9,994) and Other debts (-€8,479)

Equity and liabilities
  • Reserves +€12,270

    up €12,270 (+10.5%), from €116,594 to €128,863

  • Current portion of long-term debt -€9,994

    down €9,994 (-91.6%), from €10,910 to €916

  • Other debts -€8,479

    no longer reported in 2025 (was €8,479)

  • Tax, wage and social debts +€6,140

    up €6,140 (+12.6%), from €48,906 to €55,046

Income statement
  • Gross operating margin -€161,580

    down €161,580 (-91.7%), from €176,149 to €14,568

  • Taxes -€42,766

    down €42,766 (-87.4%), from €48,906 to €6,140

  • Financial income +€5,408

    up €5,408 (+262.4%), from €2,061 to €7,469

From the 2024 result to the 2025 result

effect on the 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 €124,828
Gross operating margin -€161,580
Depreciation +€195
Other operating charges +€463
Financial income +€5,408
Financial charges +€190
Taxes +€42,766
Result 2025 €12,270

Cash bridge derived

cash 2024 to 2025

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 +€7,569
Investment €0
Financing -€10,910
Cash 2024 €32,824
Net result for the year +€12,270
Depreciation +€495
Receivables within one year -€1,749
Deferred charges and accrued income -€208
Tax, wage and social debts +€6,140
Other debts -€8,479
Accrued charges and deferred income -€900
Debts after one year -€916
Current portion of long-term debt -€9,994
Cash 2025 €29,483
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €205,874 €203,995 -€1,879 -0.9%
Fixed assets 21/28 €37,706 €37,211 -€495 -1.3%
Tangible fixed assets 22/27 €37,706 €37,211 -€495 -1.3%
Land and buildings 22 €36,173 €36,173 = 0.0%
Plant, machinery and equipment 23 €1,080 €810 -€270 -25.0%
Furniture and vehicles 24 €452 €227 -€225 -49.7%
Current assets 29/58 €168,168 €166,784 -€1,384 -0.8%
Amounts receivable within one year 40/41 €133,869 €135,619 +€1,749 +1.3%
Other amounts receivable 41 €133,869 €135,619 +€1,749 +1.3%
Cash at bank and in hand 54/58 €32,824 €29,483 -€3,341 -10.2%
Deferred charges and accrued income 490/1 €1,475 €1,683 +€208 +14.1%
Total equity and liabilities 10/49 €205,874 €203,995 -€1,879 -0.9%
Equity 10/15 €135,764 €148,033 +€12,270 +9.0%
Contributions 10/11 €25,000 €25,000 = 0.0%
Reserves 13 €116,594 €128,863 +€12,270 +10.5%
Distributable reserves 133 €116,594 €128,863 +€12,270 +10.5%
Profit (loss) carried forward 14 -€5,830 -€5,830 = 0.0%
Amounts payable 17/49 €70,110 €55,962 -€14,148 -20.2%
Amounts payable after more than one year 17 €916 - -€916
Financial debts 170/4 €916 - -€916
Amounts payable within one year 42/48 €68,294 €55,962 -€12,333 -18.1%
Current portion of amounts payable after more than one year 42 €10,910 €916 -€9,994 -91.6%
Taxes, remuneration and social security 45 €48,906 €55,046 +€6,140 +12.6%
Remuneration and social security 454/9 €48,906 €55,046 +€6,140 +12.6%
Other amounts payable 47/48 €8,479 - -€8,479
Accrued charges and deferred income 492/3 €900 - -€900
Non-recurring operating income 76A €165,000 - -€165,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €690 €495 -€195 -28.3%
Other operating charges 640/8 €3,053 €2,590 -€463 -15.2%
Gross operating margin 9900 €176,149 €14,568 -€161,580 -91.7%
Operating profit (loss) 9901 €172,406 €11,483 -€160,923 -93.3%
Financial income 75/76B €2,061 €7,469 +€5,408 +262.4%
Recurring financial income 75 €2,061 €7,469 +€5,408 +262.4%
Financial charges 65/66B €732 €542 -€190 -26.0%
Recurring financial charges 65 €732 €542 -€190 -26.0%
Profit (loss) for the period before taxes 9903 €173,734 €18,410 -€155,325 -89.4%
Income taxes 67/77 €48,906 €6,140 -€42,766 -87.4%
Profit (loss) for the period 9904 €124,828 €12,270 -€112,559 -90.2%
Profit (loss) for the period to be appropriated 9905 €124,828 €12,270 -€112,559 -90.2%

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 29 September 2026 via checked.be.