Immo Inka: 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 Inka
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€163,019
2024 · €102,576+€60,442
Equity
€7.5m
2024 · €7.3m+€163,019
Cash
€343,759
2024 · €219,241+€124,518
Balance sheet total
€9.7m
2024 · €9.5m+€110,405
Largest movements
Assets
- Cash +€124,518
up €124,518 (+56.8%), from €219,241 to €343,759
mainly Net result for the year (+€163,019) and Depreciation (+€107,079)
- Tangible fixed assets -€100,707
down €100,707 (-3.7%), from €2.8m to €2.7m
of which Land and buildings: -€99,286
Equity and liabilities
- Reserves +€163,019
up €163,019 (+2.6%), from €6.4m to €6.5m
of which Distributable reserves: +€163,019
Income statement
- Financial income +€74,035
up €74,035 (+59.8%), from €123,841 to €197,876
- Gross operating margin -€15,357
down €15,357 (-5.0%), from €309,990 to €294,633
- Financial charges -€12,427
down €12,427 (-10.1%), from €122,954 to €110,527
- Taxes +€11,633
up €11,633 (+26.6%), from €43,769 to €55,402
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
€102,576
Gross operating margin
-€15,357
Depreciation
-€431
Other operating charges
+€1,402
Financial income
+€74,035
Financial charges
+€12,427
Taxes
-€11,633
Result 2025
€163,019
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
+€225,833
Investment
-€40,261
Financing
-€61,054
Cash 2024
€219,241
From operations (derived)
+€225,833
Net result for the year
+€163,019
Depreciation
+€107,079
Receivables within one year
-€52,705
Trade debts
+€2,215
Tax, wage and social debts
-€2,844
Other debts
+€13,427
Accrued charges and deferred income
-€4,358
Investment (derived)
-€40,261
Investment in fixed assets (net)
-€6,372
Current investments
-€33,889
Financing
-€61,054
Debts after one year
-€61,612
Current portion of long-term debt
+€558
Cash 2025
€343,759
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,547,479 | €9,657,884 | +€110,405 | +1.2% |
| Fixed assets | 21/28 | €2,755,505 | €2,654,799 | -€100,707 | -3.7% |
| Tangible fixed assets | 22/27 | €2,754,580 | €2,653,874 | -€100,707 | -3.7% |
| Land and buildings | 22 | €2,722,180 | €2,622,894 | -€99,286 | -3.6% |
| Plant, machinery and equipment | 23 | €24,881 | €23,560 | -€1,321 | -5.3% |
| Furniture and vehicles | 24 | €7,520 | €7,420 | -€100 | -1.3% |
| Financial fixed assets | 28 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €6,791,974 | €7,003,086 | +€211,112 | +3.1% |
| Amounts receivable after more than one year | 29 | €365,944 | €365,944 | = | 0.0% |
| Other amounts receivable | 291 | €365,944 | €365,944 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,350,038 | €2,350,038 | = | 0.0% |
| Stocks | 30/36 | €2,350,038 | €2,350,038 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,044,213 | €2,096,919 | +€52,705 | +2.6% |
| Trade receivables | 40 | €19,829 | €19,032 | -€798 | -4.0% |
| Other amounts receivable | 41 | €2,024,384 | €2,077,887 | +€53,503 | +2.6% |
| Current investments | 50/53 | €1,812,537 | €1,846,426 | +€33,889 | +1.9% |
| Cash at bank and in hand | 54/58 | €219,241 | €343,759 | +€124,518 | +56.8% |
| Total equity and liabilities | 10/49 | €9,547,479 | €9,657,884 | +€110,405 | +1.2% |
| Equity | 10/15 | €7,319,827 | €7,482,845 | +€163,019 | +2.2% |
| Contributions | 10/11 | €962,000 | €962,000 | = | 0.0% |
| Capital | 10 | €962,000 | €962,000 | = | 0.0% |
| Issued capital | 100 | €962,000 | €962,000 | = | 0.0% |
| Reserves | 13 | €6,357,826 | €6,520,845 | +€163,019 | +2.6% |
| Non-distributable reserves | 130/1 | €96,200 | €96,200 | = | 0.0% |
| Legal reserve | 130 | €96,200 | €96,200 | = | 0.0% |
| Distributable reserves | 133 | €6,261,626 | €6,424,645 | +€163,019 | +2.6% |
| Amounts payable | 17/49 | €2,227,652 | €2,175,039 | -€52,613 | -2.4% |
| Amounts payable after more than one year | 17 | €220,391 | €158,778 | -€61,612 | -28.0% |
| Financial debts | 170/4 | €220,391 | €158,778 | -€61,612 | -28.0% |
| Amounts payable within one year | 42/48 | €2,000,998 | €2,014,354 | +€13,357 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €69,918 | €70,476 | +€558 | +0.8% |
| Financial debts | 43 | €1,590,000 | €1,590,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,590,000 | €1,590,000 | = | 0.0% |
| Trade debts | 44 | €4,928 | €7,143 | +€2,215 | +45.0% |
| Suppliers | 440/4 | €4,928 | €7,143 | +€2,215 | +45.0% |
| Taxes, remuneration and social security | 45 | €8,288 | €5,444 | -€2,844 | -34.3% |
| Taxes | 450/3 | €8,288 | €5,444 | -€2,844 | -34.3% |
| Other amounts payable | 47/48 | €327,863 | €341,291 | +€13,427 | +4.1% |
| Accrued charges and deferred income | 492/3 | €6,264 | €1,906 | -€4,358 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,648 | €107,079 | +€431 | +0.4% |
| Other operating charges | 640/8 | €57,884 | €56,483 | -€1,402 | -2.4% |
| Gross operating margin | 9900 | €309,990 | €294,633 | -€15,357 | -5.0% |
| Operating profit (loss) | 9901 | €145,458 | €131,072 | -€14,386 | -9.9% |
| Financial income | 75/76B | €123,841 | €197,876 | +€74,035 | +59.8% |
| Recurring financial income | 75 | €123,841 | €197,876 | +€74,035 | +59.8% |
| Financial charges | 65/66B | €122,954 | €110,527 | -€12,427 | -10.1% |
| Recurring financial charges | 65 | €122,954 | €110,527 | -€12,427 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €146,345 | €218,421 | +€72,076 | +49.3% |
| Income taxes | 67/77 | €43,769 | €55,402 | +€11,633 | +26.6% |
| Profit (loss) for the period | 9904 | €102,576 | €163,019 | +€60,442 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,576 | €163,019 | +€60,442 | +58.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.