IMMO PRIMERA: what changed
Two fiscal 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 PRIMERA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€68,923
2024 · €58,436+€10,487
Equity
€3.2m
2024 · €3.1m+€68,923
Cash
€353,641
2024 · €374,370-€20,729
Balance sheet total
€4.7m
2024 · €4.6m+€76,065
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€68,923
up €68,923 (+3.0%), from €2.3m to €2.4m
of which Distributable reserves: +€68,923
Income statement
- Write-downs -€25,914
no longer reported in 2025 (was €25,914)
- Depreciation +€11,852
up €11,852 (+10.3%), from €115,004 to €126,857
- Taxes +€3,421
up €3,421 (+15.0%), from €22,755 to €26,176
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
€58,436
Gross operating margin
+€1,656
Depreciation
-€11,852
Write-downs
+€25,914
Other operating charges
-€2,222
Financial income
+€1,101
Financial charges
-€688
Taxes
-€3,421
Result 2025
€68,923
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
+€149,083
Investment
-€167,512
Financing
-€2,300
Cash 2024
€374,370
From operations (derived)
+€149,083
Net result for the year
+€68,923
Depreciation
+€126,857
Receivables after one year
-€38,543
Receivables within one year
-€16,831
Deferred charges and accrued income
-€765
Trade debts
+€2,317
Tax, wage and social debts
+€3,793
Other debts
-€262
Accrued charges and deferred income
+€3,593
Investment (derived)
-€167,512
Investment in fixed assets (net)
-€167,524
Current investments
+€12
Financing
-€2,300
Debts after one year
-€2,300
Cash 2025
€353,641
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,612,831 | €4,688,896 | +€76,065 | +1.6% |
| Fixed assets | 21/28 | €3,353,783 | €3,394,450 | +€40,667 | +1.2% |
| Tangible fixed assets | 22/27 | €3,303,783 | €3,344,450 | +€40,667 | +1.2% |
| Land and buildings | 22 | €3,302,767 | €3,341,976 | +€39,209 | +1.2% |
| Furniture and vehicles | 24 | €1,016 | €2,474 | +€1,458 | +143.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €1,259,048 | €1,294,446 | +€35,398 | +2.8% |
| Amounts receivable after more than one year | 29 | €453,502 | €492,045 | +€38,543 | +8.5% |
| Other amounts receivable | 291 | €453,502 | €492,045 | +€38,543 | +8.5% |
| Amounts receivable within one year | 40/41 | €354,250 | €371,081 | +€16,831 | +4.8% |
| Trade receivables | 40 | €35,272 | €42,921 | +€7,648 | +21.7% |
| Other amounts receivable | 41 | €318,978 | €328,161 | +€9,183 | +2.9% |
| Current investments | 50/53 | €72,012 | €72,000 | -€12 | 0.0% |
| Cash at bank and in hand | 54/58 | €374,370 | €353,641 | -€20,729 | -5.5% |
| Deferred charges and accrued income | 490/1 | €4,913 | €5,679 | +€765 | +15.6% |
| Total equity and liabilities | 10/49 | €4,612,831 | €4,688,896 | +€76,065 | +1.6% |
| Equity | 10/15 | €3,082,763 | €3,151,686 | +€68,923 | +2.2% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €2,332,763 | €2,401,686 | +€68,923 | +3.0% |
| Non-distributable reserves | 130/1 | €100,858 | €100,858 | = | 0.0% |
| Legal reserve | 130 | €100,858 | €100,858 | = | 0.0% |
| Distributable reserves | 133 | €2,231,905 | €2,300,828 | +€68,923 | +3.1% |
| Amounts payable | 17/49 | €1,530,068 | €1,537,210 | +€7,142 | +0.5% |
| Amounts payable after more than one year | 17 | €1,452,300 | €1,450,000 | -€2,300 | -0.2% |
| Financial debts | 170/4 | €1,450,000 | €1,450,000 | = | 0.0% |
| Other amounts payable | 178/9 | €2,300 | - | -€2,300 | |
| Amounts payable within one year | 42/48 | €26,693 | €32,542 | +€5,848 | +21.9% |
| Trade debts | 44 | €14,207 | €16,524 | +€2,317 | +16.3% |
| Suppliers | 440/4 | €14,207 | €16,524 | +€2,317 | +16.3% |
| Taxes, remuneration and social security | 45 | €11,870 | €15,663 | +€3,793 | +32.0% |
| Taxes | 450/3 | €11,870 | €15,663 | +€3,793 | +32.0% |
| Other amounts payable | 47/48 | €616 | €355 | -€262 | -42.5% |
| Accrued charges and deferred income | 492/3 | €51,074 | €54,668 | +€3,593 | +7.0% |
| Non-recurring operating income | 76A | - | €2,300 | +€2,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,004 | €126,857 | +€11,852 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,914 | - | -€25,914 | |
| Other operating charges | 640/8 | €35,963 | €38,185 | +€2,222 | +6.2% |
| Gross operating margin | 9900 | €323,337 | €324,993 | +€1,656 | +0.5% |
| Operating profit (loss) | 9901 | €146,455 | €159,950 | +€13,495 | +9.2% |
| Financial income | 75/76B | €15,637 | €16,738 | +€1,101 | +7.0% |
| Recurring financial income | 75 | €15,637 | €16,738 | +€1,101 | +7.0% |
| Financial charges | 65/66B | €80,901 | €81,589 | +€688 | +0.9% |
| Recurring financial charges | 65 | €80,901 | €81,589 | +€688 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €81,191 | €95,099 | +€13,908 | +17.1% |
| Income taxes | 67/77 | €22,755 | €26,176 | +€3,421 | +15.0% |
| Profit (loss) for the period | 9904 | €58,436 | €68,923 | +€10,487 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,436 | €68,923 | +€10,487 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.