IMMO PHIELS: what changed
What changed
IMMO PHIELS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€36,424
2024 · €33,189+€3,234
Equity
€163,563
2024 · €127,139+€36,424
Cash
€72,094
2024 · €57,036+€15,058
Balance sheet total
€692,841
2024 · €701,169-€8,327
Largest movements
Assets
- Tangible fixed assets -€28,076
down €28,076 (-4.4%), from €636,246 to €608,169
of which Land and buildings: -€25,916
- Cash +€15,058
up €15,058 (+26.4%), from €57,036 to €72,094
mainly Net result for the year (+€36,424) and Depreciation (+€28,076)
Equity and liabilities
- Debts after one year -€49,903
down €49,903 (-9.7%), from €515,232 to €465,329
- Profit (loss) carried forward +€36,424
up €36,424 (+33.6%), from €108,539 to €144,963
Income statement
- Gross operating margin +€4,291
up €4,291 (+5.0%), from €86,168 to €90,459
- Taxes +€1,078
up €1,078 (+9.7%), from €11,063 to €12,141
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
€33,189
Gross operating margin
+€4,291
Other operating charges
-€264
Financial charges
+€286
Taxes
-€1,078
Result 2025
€36,424
raises the resultlowers the result
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
+€61,147
Investment
€0
Financing
-€46,089
Cash 2024
€57,036
From operations (derived)
+€61,147
Net result for the year
+€36,424
Depreciation
+€28,076
Receivables within one year
-€4,567
Deferred charges and accrued income
-€124
Trade debts
+€260
Tax, wage and social debts
+€1,078
Financing
-€46,089
Debts after one year
-€49,903
Current portion of long-term debt
+€443
Short-term financial debts
+€3,371
Cash 2025
€72,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €701,169 | €692,841 | -€8,327 | -1.2% |
| Fixed assets | 21/28 | €636,246 | €608,169 | -€28,076 | -4.4% |
| Tangible fixed assets | 22/27 | €636,246 | €608,169 | -€28,076 | -4.4% |
| Land and buildings | 22 | €623,083 | €597,167 | -€25,916 | -4.2% |
| Plant, machinery and equipment | 23 | €13,162 | €11,002 | -€2,160 | -16.4% |
| Current assets | 29/58 | €64,923 | €84,672 | +€19,749 | +30.4% |
| Amounts receivable within one year | 40/41 | €3,944 | €8,511 | +€4,567 | +116% |
| Trade receivables | 40 | €3,944 | €8,511 | +€4,567 | +116% |
| Cash at bank and in hand | 54/58 | €57,036 | €72,094 | +€15,058 | +26.4% |
| Deferred charges and accrued income | 490/1 | €3,944 | €4,067 | +€124 | +3.1% |
| Total equity and liabilities | 10/49 | €701,169 | €692,841 | -€8,327 | -1.2% |
| Equity | 10/15 | €127,139 | €163,563 | +€36,424 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,539 | €144,963 | +€36,424 | +33.6% |
| Amounts payable | 17/49 | €574,030 | €529,279 | -€44,751 | -7.8% |
| Amounts payable after more than one year | 17 | €515,232 | €465,329 | -€49,903 | -9.7% |
| Financial debts | 170/4 | €515,232 | €465,329 | -€49,903 | -9.7% |
| Amounts payable within one year | 42/48 | €58,798 | €63,950 | +€5,152 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €49,460 | €49,903 | +€443 | +0.9% |
| Financial debts | 43 | - | €3,371 | +€3,371 | |
| Credit institutions | 430/8 | - | €3,371 | +€3,371 | |
| Trade debts | 44 | €8,275 | €8,535 | +€260 | +3.1% |
| Suppliers | 440/4 | €8,275 | €8,535 | +€260 | +3.1% |
| Taxes, remuneration and social security | 45 | €1,063 | €2,141 | +€1,078 | +101% |
| Taxes | 450/3 | €1,063 | €2,141 | +€1,078 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,076 | €28,076 | = | 0.0% |
| Other operating charges | 640/8 | €8,423 | €8,687 | +€264 | +3.1% |
| Gross operating margin | 9900 | €86,168 | €90,459 | +€4,291 | +5.0% |
| Operating profit (loss) | 9901 | €49,669 | €53,695 | +€4,027 | +8.1% |
| Financial charges | 65/66B | €5,416 | €5,131 | -€286 | -5.3% |
| Recurring financial charges | 65 | €5,416 | €5,131 | -€286 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €44,252 | €48,565 | +€4,312 | +9.7% |
| Income taxes | 67/77 | €11,063 | €12,141 | +€1,078 | +9.7% |
| Profit (loss) for the period | 9904 | €33,189 | €36,424 | +€3,234 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,189 | €36,424 | +€3,234 | +9.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.