IMMO-QUINTO: 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-QUINTO
NACE 68.204, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m-€5,302
Equity
€34.9m
2024 · €33.7m+€1.1m
Cash
€10.5m
2024 · €6.1m+€4.4m
Balance sheet total
€36.1m
2024 · €34.9m+€1.2m
Largest movements
Assets
- Cash +€4.4m
up €4.4m (+72.8%), from €6.1m to €10.5m
mainly Receivables after one year (+€2.8m) and Net result for the year (+€1.1m)
- Receivables after one year -€2.8m
down €2.8m (-26.9%), from €10.5m to €7.7m
- Tangible fixed assets -€720,278
down €720,278 (-4.1%), from €17.7m to €17.0m
of which Land and buildings: -€825,917
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+38.9%), from -€2.7m to -€1.7m
Income statement
- Turnover +€882,994
up €882,994 (+109%), from €806,960 to €1.7m
- Other operating income -€605,851
down €605,851 (-77.6%), from €780,306 to €174,455
- Taxes +€498,761
up €498,761, from -€482,210 to €16,551
- Depreciation +€458,917
up €458,917 (+100%), from €458,065 to €916,983
- Financial income +€423,797
up €423,797 (+271,665%), from €156 to €423,953
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
€1.1m
Turnover
+€882,994
Other operating income
-€605,851
Services and other goods
+€256,526
Depreciation
-€458,917
Other operating charges
-€5,268
Financial income
+€423,797
Financial charges
+€178
Taxes
-€498,761
Result 2025
€1.1m
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
+€4.6m
Investment
-€196,705
Financing
€0
Cash 2024
€6.1m
From operations (derived)
+€4.6m
Net result for the year
+€1.1m
Depreciation
+€916,983
Receivables after one year
+€2.8m
Receivables within one year
-€311,974
Trade debts
+€75,020
Tax, wage and social debts
+€38,322
Accrued charges and deferred income
-€50,831
Investment (derived)
-€196,705
Investment in fixed assets (net)
-€196,705
Cash 2025
€10.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,940,812 | €36,114,816 | +€1.2m | +3.4% |
| Fixed assets | 21/28 | €17,673,223 | €16,952,946 | -€720,278 | -4.1% |
| Tangible fixed assets | 22/27 | €17,673,223 | €16,952,946 | -€720,278 | -4.1% |
| Land and buildings | 22 | €17,673,223 | €16,847,306 | -€825,917 | -4.7% |
| Plant, machinery and equipment | 23 | - | €2,534 | +€2,534 | |
| Assets under construction and advance payments | 27 | - | €103,105 | +€103,105 | |
| Current assets | 29/58 | €17,267,589 | €19,161,871 | +€1.9m | +11.0% |
| Amounts receivable after more than one year | 29 | €10,542,302 | €7,704,392 | -€2.8m | -26.9% |
| Other amounts receivable | 291 | €10,542,302 | €7,704,392 | -€2.8m | -26.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €641,325 | €953,299 | +€311,974 | +48.6% |
| Trade receivables | 40 | €128,669 | €461,328 | +€332,659 | +259% |
| Other amounts receivable | 41 | €512,656 | €491,972 | -€20,685 | -4.0% |
| Cash at bank and in hand | 54/58 | €6,075,583 | €10,495,801 | +€4.4m | +72.8% |
| Deferred charges and accrued income | 490/1 | €8,378 | €8,378 | = | 0.0% |
| Total equity and liabilities | 10/49 | €34,940,812 | €36,114,816 | +€1.2m | +3.4% |
| Equity | 10/15 | €33,741,787 | €34,853,280 | +€1.1m | +3.3% |
| Contributions | 10/11 | €36,399,916 | €36,399,916 | = | 0.0% |
| Capital | 10 | €36,399,858 | €36,399,858 | = | 0.0% |
| Issued capital | 100 | €36,399,858 | €36,399,858 | = | 0.0% |
| Contributions outside capital | 11 | €58 | €58 | = | 0.0% |
| Share premium | 1100/10 | €58 | €58 | = | 0.0% |
| Reserves | 13 | €55,840 | €111,414 | +€55,575 | +99.5% |
| Non-distributable reserves | 130/1 | €55,840 | €111,414 | +€55,575 | +99.5% |
| Legal reserve | 130 | €55,840 | €111,414 | +€55,575 | +99.5% |
| Profit (loss) carried forward | 14 | -€2,713,969 | -€1,658,050 | +€1.1m | +38.9% |
| Amounts payable | 17/49 | €1,199,025 | €1,261,536 | +€62,512 | +5.2% |
| Amounts payable within one year | 42/48 | €78,073 | €191,416 | +€113,343 | +145% |
| Trade debts | 44 | €36,629 | €111,650 | +€75,020 | +205% |
| Suppliers | 440/4 | €36,629 | €111,650 | +€75,020 | +205% |
| Taxes, remuneration and social security | 45 | €24,983 | €63,306 | +€38,322 | +153% |
| Taxes | 450/3 | €24,983 | €63,306 | +€38,322 | +153% |
| Other amounts payable | 47/48 | €16,460 | €16,460 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,120,952 | €1,070,121 | -€50,831 | -4.5% |
| Operating income | 70/76A | €1,587,266 | €1,864,409 | +€277,143 | +17.5% |
| Turnover | 70 | €806,960 | €1,689,954 | +€882,994 | +109% |
| Other operating income | 74 | €780,306 | €174,455 | -€605,851 | -77.6% |
| Operating charges | 60/66A | €952,235 | €1,159,894 | +€207,659 | +21.8% |
| Services and other goods | 61 | €367,590 | €111,064 | -€256,526 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458,065 | €916,983 | +€458,917 | +100% |
| Other operating charges | 640/8 | €126,579 | €131,847 | +€5,268 | +4.2% |
| Operating profit (loss) | 9901 | €635,031 | €704,515 | +€69,484 | +10.9% |
| Financial income | 75/76B | €156 | €423,953 | +€423,797 | +271,665% |
| Recurring financial income | 75 | €156 | €423,953 | +€423,797 | +271,665% |
| Income from current assets | 751 | €156 | €9,290 | +€9,134 | +5,855% |
| Other financial income | 752/9 | - | €414,663 | +€414,663 | |
| Financial charges | 65/66B | €602 | €425 | -€178 | -29.5% |
| Recurring financial charges | 65 | €602 | €425 | -€178 | -29.5% |
| Debt charges | 650 | €602 | €357 | -€245 | -40.7% |
| Other financial charges | 652/9 | €0 | €68 | +€68 | +14,687% |
| Profit (loss) for the period before taxes | 9903 | €634,585 | €1,128,044 | +€493,459 | +77.8% |
| Income taxes | 67/77 | -€482,210 | €16,551 | +€498,761 | |
| Taxes | 670/3 | €9,470 | €16,551 | +€7,081 | +74.8% |
| Tax adjustments and reversals of tax provisions | 77 | €491,680 | €0 | -€491,680 | -100% |
| Profit (loss) for the period | 9904 | €1,116,795 | €1,111,493 | -€5,302 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,116,795 | €1,111,493 | -€5,302 | -0.5% |
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 23 October 2026 via checked.be.