IMMO MANAGEMENT SERVICES: 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 MANAGEMENT SERVICES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,130
2024 · -€9,108+€38,238
Equity
€10.9m
2024 · €10.9m+€29,130
Cash
€1.7m
2024 · €163,397+€1.5m
Balance sheet total
€15.0m
2024 · €14.9m+€57,327
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+913.4%), from €163,397 to €1.7m
mainly Current investments (+€1.1m) and Depreciation (+€932,368)
- Tangible fixed assets -€1.2m
down €1.2m (-10.3%), from €11.8m to €10.6m
of which Land and buildings: -€1.2m
- Current investments -€1.1m
down €1.1m (-88.3%), from €1.2m to €141,307
- Stocks and contracts +€954,001
up €954,001 (+216.3%), from €441,094 to €1.4m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€71,517
up €71,517 (+163.8%), from €43,658 to €115,175
of which Non-recurring financial income: +€83,012
- Gross operating margin -€38,002
down €38,002 (-2.8%), from €1.4m to €1.3m
- Financial charges +€20,453
up €20,453 (+8.6%), from €237,266 to €257,719
of which Non-recurring financial charges: +€47,832
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
-€9,108
Gross operating margin
-€38,002
Depreciation
+€12,261
Other operating charges
-€7,653
Other operating items
+€10,594
Financial income
+€71,517
Financial charges
-€20,453
Taxes
+€9,975
Result 2025
€29,130
Cash bridge derived
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
+€931
Investment
+€1.5m
Financing
€0
Cash 2024
€163,397
From operations (derived)
+€931
Net result for the year
+€29,130
Depreciation
+€932,368
Stocks and contracts
-€954,001
Receivables within one year
-€33,340
Deferred charges and accrued income
-€1,423
Provisions
-€52,971
Trade debts
+€26,076
Tax, wage and social debts
-€38,731
Other debts
+€50,369
Accrued charges and deferred income
+€43,453
Investment (derived)
+€1.5m
Investment in fixed assets (net)
+€422,979
Current investments
+€1.1m
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,899,946 | €14,957,273 | +€57,327 | +0.4% |
| Fixed assets | 21/28 | €13,050,695 | €11,695,348 | -€1.4m | -10.4% |
| Intangible fixed assets | 21 | €1,274,750 | €1,133,111 | -€141,639 | -11.1% |
| Tangible fixed assets | 22/27 | €11,775,945 | €10,562,237 | -€1.2m | -10.3% |
| Land and buildings | 22 | €11,717,266 | €10,526,135 | -€1.2m | -10.2% |
| Plant, machinery and equipment | 23 | €5,614 | €3,956 | -€1,658 | -29.5% |
| Furniture and vehicles | 24 | €53,065 | €32,145 | -€20,920 | -39.4% |
| Current assets | 29/58 | €1,849,251 | €3,261,925 | +€1.4m | +76.4% |
| Stocks and contracts in progress | 3 | €441,094 | €1,395,095 | +€954,001 | +216.3% |
| Stocks | 30/36 | €441,094 | €1,395,095 | +€954,001 | +216.3% |
| Amounts receivable within one year | 40/41 | €30,861 | €64,201 | +€33,340 | +108.0% |
| Other amounts receivable | 41 | €30,861 | €64,201 | +€33,340 | +108.0% |
| Current investments | 50/53 | €1,209,924 | €141,307 | -€1.1m | -88.3% |
| Cash at bank and in hand | 54/58 | €163,397 | €1,655,924 | +€1.5m | +913.4% |
| Deferred charges and accrued income | 490/1 | €3,975 | €5,398 | +€1,423 | +35.8% |
| Total equity and liabilities | 10/49 | €14,899,946 | €14,957,273 | +€57,327 | +0.4% |
| Equity | 10/15 | €10,911,674 | €10,940,804 | +€29,130 | +0.3% |
| Contributions | 10/11 | €92,452 | €92,452 | = | 0.0% |
| Capital | 10 | €68,000 | €68,000 | = | 0.0% |
| Issued capital | 100 | €68,000 | €68,000 | = | 0.0% |
| Contributions outside capital | 11 | €24,452 | €24,452 | = | 0.0% |
| Share premium | 1100/10 | €24,452 | €24,452 | = | 0.0% |
| Reserves | 13 | €10,819,222 | €10,848,352 | +€29,130 | +0.3% |
| Non-distributable reserves | 130/1 | €6,877 | €6,877 | = | 0.0% |
| Legal reserve | 130 | €6,877 | €6,877 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,453,921 | €1,336,950 | -€116,970 | -8.0% |
| Distributable reserves | 133 | €9,358,424 | €9,504,525 | +€146,101 | +1.6% |
| Provisions and deferred taxes | 16 | €738,899 | €685,929 | -€52,971 | -7.2% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €100,000 | €100,000 | = | 0.0% |
| Deferred taxes | 168 | €638,899 | €585,929 | -€52,971 | -8.3% |
| Amounts payable | 17/49 | €3,249,373 | €3,330,540 | +€81,168 | +2.5% |
| Amounts payable within one year | 42/48 | €3,156,871 | €3,194,585 | +€37,714 | +1.2% |
| Trade debts | 44 | €19,991 | €46,067 | +€26,076 | +130.4% |
| Suppliers | 440/4 | €19,991 | €46,067 | +€26,076 | +130.4% |
| Taxes, remuneration and social security | 45 | €139,933 | €101,202 | -€38,731 | -27.7% |
| Taxes | 450/3 | €139,933 | €101,202 | -€38,731 | -27.7% |
| Other amounts payable | 47/48 | €2,996,947 | €3,047,316 | +€50,369 | +1.7% |
| Accrued charges and deferred income | 492/3 | €92,502 | €135,955 | +€43,453 | +47.0% |
| Non-recurring operating income | 76A | - | €19,172 | +€19,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €944,628 | €932,368 | -€12,261 | -1.3% |
| Other operating charges | 640/8 | €198,408 | €206,060 | +€7,653 | +3.9% |
| Non-recurring operating charges | 66A | €14,457 | €3,863 | -€10,594 | -73.3% |
| Gross operating margin | 9900 | €1,363,747 | €1,325,745 | -€38,002 | -2.8% |
| Operating profit (loss) | 9901 | €206,255 | €183,454 | -€22,801 | -11.1% |
| Financial income | 75/76B | €43,658 | €115,175 | +€71,517 | +163.8% |
| Recurring financial income | 75 | €31,276 | €19,781 | -€11,495 | -36.8% |
| Non-recurring financial income | 76B | €12,382 | €95,394 | +€83,012 | +670.4% |
| Financial charges | 65/66B | €237,266 | €257,719 | +€20,453 | +8.6% |
| Recurring financial charges | 65 | €237,266 | €209,886 | -€27,379 | -11.5% |
| Non-recurring financial charges | 66B | - | €47,832 | +€47,832 | |
| Profit (loss) for the period before taxes | 9903 | €12,647 | €40,910 | +€28,263 | +223.5% |
| Transfer from deferred taxes | 780 | €52,971 | €52,971 | = | 0.0% |
| Income taxes | 67/77 | €74,726 | €64,751 | -€9,975 | -13.3% |
| Profit (loss) for the period | 9904 | -€9,108 | €29,130 | +€38,238 | |
| Transfer from tax-exempt reserves | 789 | €116,970 | €116,970 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,862 | €146,101 | +€38,238 | +35.5% |
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 10 October 2026 via checked.be.