IMMO MEURRENS: what changed
What changed
IMMO MEURRENS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€145,143
2024 · €213,098-€358,241
Equity
€456,891
2024 · €602,033-€145,143
Cash
€530,098
2024 · €279,630+€250,468
Balance sheet total
€12.7m
2024 · €10.7m+€2.0m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+16.6%), from €10.4m to €12.1m
of which Land and buildings: +€1.8m
- Cash +€250,468
up €250,468 (+89.6%), from €279,630 to €530,098
mainly Other debts (+€2.6m) and Depreciation (+€470,083)
Equity and liabilities
- Other debts +€2.6m
up €2.6m (+45.9%), from €5.6m to €8.2m
- Debts after one year -€579,231
down €579,231 (-15.0%), from €3.9m to €3.3m
- Trade debts +€153,728
up €153,728 (+19,403%), from €792 to €154,521
- Reserves -€145,143
down €145,143 (-57.6%), from €252,033 to €106,891
Income statement
- Financial charges +€55,997
up €55,997 (+71.3%), from €78,497 to €134,495
- Taxes -€42,732
down €42,732 (-100%), from €42,732 to €0
- Gross operating margin +€26,904
up €26,904 (+3.1%), from €867,258 to €894,163
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€213,098
Gross operating margin
+€26,904
Depreciation
+€8,211
Other operating charges
-€315
Other operating items
-€381,860
Financial income
+€2,085
Financial charges
-€55,997
Taxes
+€42,732
Result 2025
-€145,143
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.0m
Investment
-€2.2m
Financing
-€573,496
Cash 2024
€279,630
From operations (derived)
+€3.0m
Net result for the year
-€145,143
Depreciation
+€470,083
Receivables within one year
-€39,969
Deferred charges and accrued income
-€4,617
Trade debts
+€153,728
Tax, wage and social debts
+€9,235
Advances received
-€12,287
Other debts
+€2.6m
Accrued charges and deferred income
+€10,536
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
-€573,496
Debts after one year
-€579,231
Current portion of long-term debt
+€5,735
Cash 2025
€530,098
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,725,605 | €12,748,938 | +€2.0m | +18.9% |
| Fixed assets | 21/28 | €10,404,656 | €12,132,934 | +€1.7m | +16.6% |
| Tangible fixed assets | 22/27 | €10,404,656 | €12,132,934 | +€1.7m | +16.6% |
| Land and buildings | 22 | €10,329,574 | €12,089,203 | +€1.8m | +17.0% |
| Plant, machinery and equipment | 23 | €28,273 | €21,204 | -€7,068 | -25.0% |
| Furniture and vehicles | 24 | €46,809 | €22,527 | -€24,283 | -51.9% |
| Current assets | 29/58 | €320,950 | €616,004 | +€295,054 | +91.9% |
| Amounts receivable within one year | 40/41 | €33,103 | €73,072 | +€39,969 | +121% |
| Trade receivables | 40 | €10,834 | €13,072 | +€2,237 | +20.7% |
| Other amounts receivable | 41 | €22,268 | €60,000 | +€37,732 | +169% |
| Cash at bank and in hand | 54/58 | €279,630 | €530,098 | +€250,468 | +89.6% |
| Deferred charges and accrued income | 490/1 | €8,217 | €12,834 | +€4,617 | +56.2% |
| Total equity and liabilities | 10/49 | €10,725,605 | €12,748,938 | +€2.0m | +18.9% |
| Equity | 10/15 | €602,033 | €456,891 | -€145,143 | -24.1% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €252,033 | €106,891 | -€145,143 | -57.6% |
| Distributable reserves | 133 | €252,033 | €106,891 | -€145,143 | -57.6% |
| Amounts payable | 17/49 | €10,123,572 | €12,292,047 | +€2.2m | +21.4% |
| Amounts payable after more than one year | 17 | €3,870,107 | €3,290,876 | -€579,231 | -15.0% |
| Financial debts | 170/4 | €3,870,107 | €3,290,876 | -€579,231 | -15.0% |
| Amounts payable within one year | 42/48 | €6,247,785 | €8,984,955 | +€2.7m | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €573,496 | €579,231 | +€5,735 | +1.0% |
| Trade debts | 44 | €792 | €154,521 | +€153,728 | +19,403% |
| Suppliers | 440/4 | €792 | €154,521 | +€153,728 | +19,403% |
| Advances received on contracts in progress | 46 | €12,287 | €0 | -€12,287 | -100% |
| Taxes, remuneration and social security | 45 | €43,909 | €53,144 | +€9,235 | +21.0% |
| Taxes | 450/3 | €43,909 | €53,144 | +€9,235 | +21.0% |
| Other amounts payable | 47/48 | €5,617,300 | €8,198,059 | +€2.6m | +45.9% |
| Accrued charges and deferred income | 492/3 | €5,680 | €16,216 | +€10,536 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478,294 | €470,083 | -€8,211 | -1.7% |
| Other operating charges | 640/8 | €54,637 | €54,951 | +€315 | +0.6% |
| Non-recurring operating charges | 66A | - | €381,860 | +€381,860 | |
| Gross operating margin | 9900 | €867,258 | €894,163 | +€26,904 | +3.1% |
| Operating profit (loss) | 9901 | €334,327 | -€12,732 | -€347,059 | |
| Financial income | 75/76B | €0 | €2,085 | +€2,085 | |
| Recurring financial income | 75 | €0 | €2,085 | +€2,085 | |
| Financial charges | 65/66B | €78,497 | €134,495 | +€55,997 | +71.3% |
| Recurring financial charges | 65 | €78,497 | €134,495 | +€55,997 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €255,830 | -€145,143 | -€400,972 | |
| Income taxes | 67/77 | €42,732 | €0 | -€42,732 | -100% |
| Profit (loss) for the period | 9904 | €213,098 | -€145,143 | -€358,241 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,098 | -€145,143 | -€358,241 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.