IMMO P. en C.: what changed
What changed
IMMO P. en C.
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
€235,764
2024 · -€79,473+€315,237
Equity
€1.1m
2024 · €852,324+€235,764
Cash
€677,311
2024 · €67,465+€609,846
Balance sheet total
€1.6m
2024 · €1.4m+€279,830
Largest movements
Assets
- Cash +€609,846
up €609,846 (+904%), from €67,465 to €677,311
mainly Current investments (+€309,692) and Net result for the year (+€235,764)
- Current investments -€309,692
down €309,692 (-51.3%), from €603,292 to €293,600
- Tangible fixed assets -€29,421
down €29,421 (-4.6%), from €642,045 to €612,624
of which Land and buildings: -€24,283
Equity and liabilities
- Reserves +€235,764
up €235,764 (+61.5%), from €383,324 to €619,088
of which Distributable reserves: +€235,764
- Tax, wage and social debts +€17,789
up €17,789 (+110%), from €16,133 to €33,922
Income statement
- Gross operating margin +€319,653
up €319,653 (+4,096%), from €7,805 to €327,458
- Taxes +€25,532
new in 2025: €25,532
- Depreciation +€6,900
up €6,900 (+31.7%), from €21,778 to €28,679
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
-€79,473
Gross operating margin
+€319,653
Depreciation
-€6,900
Other operating charges
-€2,145
Other operating items
+€28,393
Financial income
+€607
Financial charges
+€1,162
Taxes
-€25,532
Result 2025
€235,764
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
+€306,912
Investment
+€302,934
Financing
€0
Cash 2024
€67,465
From operations (derived)
+€306,912
Net result for the year
+€235,764
Depreciation
+€28,679
Deferred charges and accrued income
-€1,597
Trade debts
+€12,445
Tax, wage and social debts
+€17,789
Other debts
+€14,514
Accrued charges and deferred income
-€682
Investment (derived)
+€302,934
Investment in fixed assets (net)
-€6,758
Current investments
+€309,692
Cash 2025
€677,311
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,356,746 | €1,636,575 | +€279,830 | +20.6% |
| Fixed assets | 21/28 | €662,045 | €640,124 | -€21,921 | -3.3% |
| Tangible fixed assets | 22/27 | €642,045 | €612,624 | -€29,421 | -4.6% |
| Land and buildings | 22 | €633,933 | €609,650 | -€24,283 | -3.8% |
| Plant, machinery and equipment | 23 | €8,112 | €2,974 | -€5,138 | -63.3% |
| Financial fixed assets | 28 | €20,000 | €27,500 | +€7,500 | +37.5% |
| Current assets | 29/58 | €694,701 | €996,452 | +€301,750 | +43.4% |
| Amounts receivable within one year | 40/41 | €23,000 | €23,000 | = | 0.0% |
| Other amounts receivable | 41 | €23,000 | €23,000 | = | 0.0% |
| Current investments | 50/53 | €603,292 | €293,600 | -€309,692 | -51.3% |
| Cash at bank and in hand | 54/58 | €67,465 | €677,311 | +€609,846 | +904% |
| Deferred charges and accrued income | 490/1 | €944 | €2,541 | +€1,597 | +169% |
| Total equity and liabilities | 10/49 | €1,356,746 | €1,636,575 | +€279,830 | +20.6% |
| Equity | 10/15 | €852,324 | €1,088,088 | +€235,764 | +27.7% |
| Contributions | 10/11 | €469,000 | €469,000 | = | 0.0% |
| Capital | 10 | €469,000 | €469,000 | = | 0.0% |
| Issued capital | 100 | €469,000 | €469,000 | = | 0.0% |
| Reserves | 13 | €383,324 | €619,088 | +€235,764 | +61.5% |
| Non-distributable reserves | 130/1 | €46,900 | €46,900 | = | 0.0% |
| Legal reserve | 130 | €46,900 | €46,900 | = | 0.0% |
| Distributable reserves | 133 | €336,424 | €572,188 | +€235,764 | +70.1% |
| Amounts payable | 17/49 | €504,421 | €548,487 | +€44,066 | +8.7% |
| Amounts payable within one year | 42/48 | €503,739 | €548,487 | +€44,748 | +8.9% |
| Trade debts | 44 | - | €12,445 | +€12,445 | |
| Suppliers | 440/4 | - | €12,445 | +€12,445 | |
| Taxes, remuneration and social security | 45 | €16,133 | €33,922 | +€17,789 | +110% |
| Taxes | 450/3 | €16,133 | €33,922 | +€17,789 | +110% |
| Other amounts payable | 47/48 | €487,606 | €502,120 | +€14,514 | +3.0% |
| Accrued charges and deferred income | 492/3 | €682 | €0 | -€682 | -100% |
| Non-recurring operating income | 76A | - | €329,149 | +€329,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,778 | €28,679 | +€6,900 | +31.7% |
| Other operating charges | 640/8 | €12,130 | €14,276 | +€2,145 | +17.7% |
| Non-recurring operating charges | 66A | €28,393 | €0 | -€28,393 | -100% |
| Gross operating margin | 9900 | €7,805 | €327,458 | +€319,653 | +4,096% |
| Operating profit (loss) | 9901 | -€54,497 | €284,504 | +€339,001 | |
| Financial income | 75/76B | €11,191 | €11,797 | +€607 | +5.4% |
| Recurring financial income | 75 | €11,191 | €11,797 | +€607 | +5.4% |
| Financial charges | 65/66B | €36,167 | €35,005 | -€1,162 | -3.2% |
| Recurring financial charges | 65 | €36,167 | €35,005 | -€1,162 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,473 | €261,296 | +€340,769 | |
| Income taxes | 67/77 | - | €25,532 | +€25,532 | |
| Profit (loss) for the period | 9904 | -€79,473 | €235,764 | +€315,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,473 | €235,764 | +€315,237 |
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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.