IMMO QUATROS: 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 QUATROS
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,873
2024 · €21,734+€139
Equity
€578,560
2024 · €556,687+€21,873
Cash
€444,074
2024 · €438,514+€5,560
Balance sheet total
€585,415
2024 · €570,165+€15,249
Largest movements
Assets
- Receivables within one year +€7,986
new in 2025: €7,986
Equity and liabilities
- Reserves +€21,873
up €21,873 (+5.1%), from €430,262 to €452,134
of which Distributable reserves: +€21,873
- Tax, wage and social debts -€8,620
no longer reported in 2025 (was €8,620)
Income statement
- Taxes -€802
down €802 (-9.9%), from €8,092 to €7,291
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
€21,734
Gross operating margin
-€534
Depreciation
+€295
Other operating charges
+€71
Financial income
-€376
Financial charges
-€118
Taxes
+€802
Result 2025
€21,873
raises the resultlowers the result
Derived cash bridge
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
+€28,082
Investment
-€22,522
Financing
€0
Cash 2024
€438,514
From operations (derived)
+€28,082
Net result for the year
+€21,873
Depreciation
+€20,819
Receivables within one year
-€7,986
Trade debts
+€46
Tax, wage and social debts
-€8,620
Accrued charges and deferred income
+€1,951
Investment (derived)
-€22,522
Investment in fixed assets (net)
-€22,522
Cash 2025
€444,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,165 | €585,415 | +€15,249 | +2.7% |
| Fixed assets | 21/28 | €131,631 | €133,334 | +€1,703 | +1.3% |
| Tangible fixed assets | 22/27 | €131,631 | €133,334 | +€1,703 | +1.3% |
| Land and buildings | 22 | €131,631 | €133,334 | +€1,703 | +1.3% |
| Current assets | 29/58 | €438,535 | €452,081 | +€13,546 | +3.1% |
| Amounts receivable within one year | 40/41 | - | €7,986 | +€7,986 | |
| Other amounts receivable | 41 | - | €7,986 | +€7,986 | |
| Current investments | 50/53 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €438,514 | €444,074 | +€5,560 | +1.3% |
| Total equity and liabilities | 10/49 | €570,165 | €585,415 | +€15,249 | +2.7% |
| Equity | 10/15 | €556,687 | €578,560 | +€21,873 | +3.9% |
| Contributions | 10/11 | €126,426 | €126,426 | = | 0.0% |
| Capital | 10 | €126,426 | €126,426 | = | 0.0% |
| Issued capital | 100 | €126,426 | €126,426 | = | 0.0% |
| Reserves | 13 | €430,262 | €452,134 | +€21,873 | +5.1% |
| Non-distributable reserves | 130/1 | €12,643 | €12,643 | = | 0.0% |
| Legal reserve | 130 | €12,643 | €12,643 | = | 0.0% |
| Distributable reserves | 133 | €417,619 | €439,492 | +€21,873 | +5.2% |
| Amounts payable | 17/49 | €13,478 | €6,855 | -€6,623 | -49.1% |
| Amounts payable after more than one year | 17 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,228 | €2,654 | -€8,574 | -76.4% |
| Trade debts | 44 | €1,479 | €1,524 | +€46 | +3.1% |
| Suppliers | 440/4 | €1,479 | €1,524 | +€46 | +3.1% |
| Taxes, remuneration and social security | 45 | €8,620 | - | -€8,620 | |
| Taxes | 450/3 | €8,620 | - | -€8,620 | |
| Other amounts payable | 47/48 | €1,129 | €1,129 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,951 | +€1,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,114 | €20,819 | -€295 | -1.4% |
| Other operating charges | 640/8 | €10,492 | €10,421 | -€71 | -0.7% |
| Gross operating margin | 9900 | €60,394 | €59,860 | -€534 | -0.9% |
| Operating profit (loss) | 9901 | €28,788 | €28,620 | -€168 | -0.6% |
| Financial income | 75/76B | €1,300 | €924 | -€376 | -28.9% |
| Recurring financial income | 75 | €1,300 | €924 | -€376 | -28.9% |
| Financial charges | 65/66B | €262 | €380 | +€118 | +45.2% |
| Recurring financial charges | 65 | €262 | €380 | +€118 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €29,826 | €29,164 | -€663 | -2.2% |
| Income taxes | 67/77 | €8,092 | €7,291 | -€802 | -9.9% |
| Profit (loss) for the period | 9904 | €21,734 | €21,873 | +€139 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,734 | €21,873 | +€139 | +0.6% |
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 17 October 2026 via checked.be.