IMMO TOWN: 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 TOWN
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,154
2024 · €28,329+€20,824
Equity
€294,743
2024 · €270,589+€24,154
Cash
€18,360
2024 · €36,555-€18,196
Balance sheet total
€2.7m
2024 · €1.9m+€817,277
Largest movements
Assets
- Tangible fixed assets +€791,288
up €791,288 (+44.2%), from €1.8m to €2.6m
of which Land and buildings: +€824,101
- Receivables within one year +€40,518
up €40,518 (+79.5%), from €50,941 to €91,459
of which Other amounts receivable: +€42,548
Equity and liabilities
- Debts after one year +€616,022
up €616,022 (+41.7%), from €1.5m to €2.1m
- Short-term financial debts +€144,375
up €144,375 (+1,779%), from €8,116 to €152,491
Income statement
- Gross operating margin +€123,141
up €123,141 (+52.7%), from €233,864 to €357,005
- Staff costs +€53,331
new in 2025: €53,331
- Other operating charges +€52,084
up €52,084 (+947%), from €5,500 to €57,584
- Taxes +€32,585
up €32,585 (+283%), from €11,507 to €44,092
- Financial charges -€27,436
down €27,436 (-31.9%), from €85,924 to €58,488
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
€28,329
Gross operating margin
+€123,141
Staff costs
-€53,331
Depreciation
+€4,104
Other operating charges
-€52,084
Other operating items
+€1,988
Financial income
+€2,155
Financial charges
+€27,436
Taxes
-€32,585
Result 2025
€49,154
raises the resultlowers the resultnot broken down further in the accounts
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
+€115,121
Investment
-€891,891
Financing
+€758,575
Cash 2024
€36,555
From operations (derived)
+€115,121
Net result for the year
+€49,154
Depreciation
+€97,776
Receivables within one year
-€40,518
Deferred charges and accrued income
-€840
Trade debts
-€4,926
Tax, wage and social debts
+€14,474
Investment (derived)
-€891,891
Investment in fixed assets (net)
-€891,891
Financing
+€758,575
Debts after one year
+€616,022
Current portion of long-term debt
+€23,178
Short-term financial debts
+€144,375
Contributions, distributions and other
-€25,000
Cash 2025
€18,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,880,945 | €2,698,222 | +€817,277 | +43.5% |
| Fixed assets | 21/28 | €1,791,510 | €2,585,624 | +€794,115 | +44.3% |
| Intangible fixed assets | 21 | - | €2,826 | +€2,826 | |
| Tangible fixed assets | 22/27 | €1,791,510 | €2,582,798 | +€791,288 | +44.2% |
| Land and buildings | 22 | €1,714,776 | €2,538,876 | +€824,101 | +48.1% |
| Plant, machinery and equipment | 23 | €11,347 | €7,910 | -€3,437 | -30.3% |
| Furniture and vehicles | 24 | €53,827 | €24,329 | -€29,497 | -54.8% |
| Other tangible fixed assets | 26 | €11,561 | €11,683 | +€122 | +1.1% |
| Current assets | 29/58 | €89,435 | €112,598 | +€23,162 | +25.9% |
| Amounts receivable within one year | 40/41 | €50,941 | €91,459 | +€40,518 | +79.5% |
| Trade receivables | 40 | €4,431 | €2,401 | -€2,030 | -45.8% |
| Other amounts receivable | 41 | €46,510 | €89,058 | +€42,548 | +91.5% |
| Cash at bank and in hand | 54/58 | €36,555 | €18,360 | -€18,196 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,939 | €2,779 | +€840 | +43.3% |
| Total equity and liabilities | 10/49 | €1,880,945 | €2,698,222 | +€817,277 | +43.5% |
| Equity | 10/15 | €270,589 | €294,743 | +€24,154 | +8.9% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €151,989 | €176,143 | +€24,154 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,129 | €174,283 | +€24,154 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,610,356 | €2,403,479 | +€793,123 | +49.3% |
| Amounts payable after more than one year | 17 | €1,478,908 | €2,094,930 | +€616,022 | +41.7% |
| Financial debts | 170/4 | €1,478,908 | €2,094,930 | +€616,022 | +41.7% |
| Amounts payable within one year | 42/48 | €131,448 | €308,549 | +€177,102 | +135% |
| Current portion of amounts payable after more than one year | 42 | €106,555 | €129,733 | +€23,178 | +21.8% |
| Financial debts | 43 | €8,116 | €152,491 | +€144,375 | +1,779% |
| Credit institutions | 430/8 | €8,116 | €152,491 | +€144,375 | +1,779% |
| Trade debts | 44 | €16,731 | €11,805 | -€4,926 | -29.4% |
| Suppliers | 440/4 | €16,731 | €11,805 | -€4,926 | -29.4% |
| Taxes, remuneration and social security | 45 | €45 | €14,519 | +€14,474 | +32,287% |
| Taxes | 450/3 | €45 | €4,049 | +€4,004 | +8,931% |
| Remuneration and social security | 454/9 | - | €10,471 | +€10,471 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €15,317 | €112,890 | +€97,573 | +637% |
| Remuneration, social security and pensions | 62 | - | €53,331 | +€53,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,880 | €97,776 | -€4,104 | -4.0% |
| Other operating charges | 640/8 | €5,500 | €57,584 | +€52,084 | +947% |
| Non-recurring operating charges | 66A | €1,988 | €0 | -€1,988 | -100% |
| Gross operating margin | 9900 | €233,864 | €357,005 | +€123,141 | +52.7% |
| Operating profit (loss) | 9901 | €124,495 | €148,314 | +€23,818 | +19.1% |
| Financial income | 75/76B | €1,266 | €3,420 | +€2,155 | +170% |
| Recurring financial income | 75 | €1,266 | €3,420 | +€2,155 | +170% |
| Financial charges | 65/66B | €85,924 | €58,488 | -€27,436 | -31.9% |
| Recurring financial charges | 65 | €85,924 | €58,488 | -€27,436 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €39,837 | €93,246 | +€53,410 | +134% |
| Income taxes | 67/77 | €11,507 | €44,092 | +€32,585 | +283% |
| Profit (loss) for the period | 9904 | €28,329 | €49,154 | +€20,824 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,329 | €49,154 | +€20,824 | +73.5% |
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 17 October 2026 via checked.be.