IMMO HET ZOUTE: 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 HET ZOUTE
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,457
2024 · €20,911-€8,455
Equity
€2.7m
2024 · €2.7m-€5,596
Cash
€77,909
2024 · €73,191+€4,718
Balance sheet total
€2.9m
2024 · €2.9m-€51,185
Largest movements
Assets
- Tangible fixed assets -€30,837
down €30,837 (-1.2%), from €2.6m to €2.6m
of which Land and buildings: -€16,648
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€13,816
down €13,816 (-15.8%), from €87,592 to €73,777
- Taxes -€2,075
down €2,075 (-22.5%), from €9,227 to €7,152
- Financial income +€1,900
up €1,900 (+1,576%), from €121 to €2,020
- Financial charges -€1,675
down €1,675 (-14.9%), from €11,225 to €9,550
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
€20,911
Gross operating margin
-€13,816
Depreciation
-€217
Other operating charges
-€71
Financial income
+€1,900
Financial charges
+€1,675
Taxes
+€2,075
Result 2025
€12,457
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
+€37,858
Investment
+€4,032
Financing
-€37,172
Cash 2024
€73,191
From operations (derived)
+€37,858
Net result for the year
+€12,457
Depreciation
+€30,837
Receivables after one year
+€12,000
Receivables within one year
+€12,673
Deferred charges and accrued income
-€3,640
Trade debts
-€8,804
Tax, wage and social debts
-€2,656
Other debts
-€17,918
Accrued charges and deferred income
+€2,909
Investment (derived)
+€4,032
Investment in fixed assets (net)
+€4,032
Financing
-€37,172
Debts after one year
-€19,120
Contributions, distributions and other
-€18,053
Cash 2025
€77,909
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,914,881 | €2,863,697 | -€51,185 | -1.8% |
| Fixed assets | 21/28 | €2,601,385 | €2,566,516 | -€34,870 | -1.3% |
| Tangible fixed assets | 22/27 | €2,597,278 | €2,566,441 | -€30,837 | -1.2% |
| Land and buildings | 22 | €813,932 | €797,285 | -€16,648 | -2.0% |
| Plant, machinery and equipment | 23 | €18,478 | €17,780 | -€698 | -3.8% |
| Furniture and vehicles | 24 | €32,588 | €19,096 | -€13,491 | -41.4% |
| Other tangible fixed assets | 26 | €1,732,280 | €1,732,280 | = | 0.0% |
| Financial fixed assets | 28 | €4,107 | €74 | -€4,032 | -98.2% |
| Current assets | 29/58 | €313,496 | €297,181 | -€16,315 | -5.2% |
| Amounts receivable after more than one year | 29 | €212,000 | €200,000 | -€12,000 | -5.7% |
| Other amounts receivable | 291 | €212,000 | €200,000 | -€12,000 | -5.7% |
| Amounts receivable within one year | 40/41 | €25,151 | €12,478 | -€12,673 | -50.4% |
| Trade receivables | 40 | €10,500 | €0 | -€10,500 | -100% |
| Other amounts receivable | 41 | €14,651 | €12,478 | -€2,173 | -14.8% |
| Cash at bank and in hand | 54/58 | €73,191 | €77,909 | +€4,718 | +6.4% |
| Deferred charges and accrued income | 490/1 | €3,155 | €6,794 | +€3,640 | +115% |
| Total equity and liabilities | 10/49 | €2,914,881 | €2,863,697 | -€51,185 | -1.8% |
| Equity | 10/15 | €2,710,587 | €2,704,991 | -€5,596 | -0.2% |
| Contributions | 10/11 | €1,820,485 | €1,820,485 | = | 0.0% |
| Capital | 10 | €1,820,485 | €1,820,485 | = | 0.0% |
| Issued capital | 100 | €1,820,485 | €1,820,485 | = | 0.0% |
| Reserves | 13 | €890,101 | €884,506 | -€5,596 | -0.6% |
| Non-distributable reserves | 130/1 | €9,616 | €9,616 | = | 0.0% |
| Legal reserve | 130 | €8,821 | €8,821 | = | 0.0% |
| Reserves not available under the articles | 1311 | €796 | €796 | = | 0.0% |
| Distributable reserves | 133 | €880,485 | €874,889 | -€5,596 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €204,295 | €158,706 | -€45,589 | -22.3% |
| Amounts payable after more than one year | 17 | €43,019 | €23,900 | -€19,120 | -44.4% |
| Financial debts | 170/4 | €43,019 | €23,900 | -€19,120 | -44.4% |
| Amounts payable within one year | 42/48 | €149,271 | €119,893 | -€29,378 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €19,120 | €19,120 | = | 0.0% |
| Trade debts | 44 | €8,806 | €2 | -€8,804 | -100.0% |
| Suppliers | 440/4 | €8,806 | €2 | -€8,804 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,401 | €5,746 | -€2,656 | -31.6% |
| Taxes | 450/3 | €6,901 | €5,746 | -€1,156 | -16.7% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €112,944 | €95,025 | -€17,918 | -15.9% |
| Accrued charges and deferred income | 492/3 | €12,005 | €14,914 | +€2,909 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,620 | €30,837 | +€217 | +0.7% |
| Other operating charges | 640/8 | €15,729 | €15,800 | +€71 | +0.4% |
| Gross operating margin | 9900 | €87,592 | €73,777 | -€13,816 | -15.8% |
| Operating profit (loss) | 9901 | €41,243 | €27,139 | -€14,104 | -34.2% |
| Financial income | 75/76B | €121 | €2,020 | +€1,900 | +1,576% |
| Recurring financial income | 75 | €121 | €2,020 | +€1,900 | +1,576% |
| Financial charges | 65/66B | €11,225 | €9,550 | -€1,675 | -14.9% |
| Recurring financial charges | 65 | €11,225 | €9,550 | -€1,675 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €30,138 | €19,609 | -€10,529 | -34.9% |
| Income taxes | 67/77 | €9,227 | €7,152 | -€2,075 | -22.5% |
| Profit (loss) for the period | 9904 | €20,911 | €12,457 | -€8,455 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,911 | €12,457 | -€8,455 | -40.4% |
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 27 October 2026 via checked.be.