IMMO YAMAN: 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 YAMAN
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€85,379
2024 · €96,804-€11,425
Equity
€2.1m
2024 · €2.0m+€85,379
Cash
€430,878
2024 · €677,729-€246,851
Balance sheet total
€15.2m
2024 · €15.0m+€178,135
Largest movements
Assets
- Financial fixed assets +€623,776
up €623,776 (+255%), from €244,164 to €867,940
- Cash -€246,851
down €246,851 (-36.4%), from €677,729 to €430,878
mainly Investment in fixed assets (net) (-€706,921) and Current portion of long-term debt (-€214,247)
- Tangible fixed assets -€229,911
down €229,911 (-2.8%), from €8.2m to €8.0m
of which Land and buildings: -€198,861
Equity and liabilities
- Debts after one year +€343,563
up €343,563 (+2.9%), from €12.0m to €12.3m
of which Financial debts: +€343,563
- Current portion of long-term debt -€214,247
down €214,247 (-79.9%), from €268,020 to €53,773
Income statement
- Gross operating margin -€204,547
down €204,547 (-16.6%), from €1.2m to €1.0m
- Financial charges -€189,556
down €189,556 (-35.9%), from €528,254 to €338,697
- Financial income -€30,664
down €30,664 (-100.0%), from €30,672 to €8
of which Financial income: -€30,421
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
€96,804
Gross operating margin
-€204,547
Staff costs
+€9,198
Depreciation
-€7,310
Other operating charges
+€1,278
Other operating items
+€21,306
Financial income
-€30,664
Financial charges
+€189,556
Taxes
+€9,910
Deferred taxes and other
-€154
Result 2025
€85,379
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
+€342,323
Investment
-€706,921
Financing
+€117,747
Cash 2024
€677,729
From operations (derived)
+€342,323
Net result for the year
+€85,379
Depreciation
+€313,949
Stocks and contracts
-€48,450
Receivables within one year
+€4,451
Deferred charges and accrued income
+€11,985
Provisions
-€15,928
Trade debts
-€14,302
Tax, wage and social debts
+€5,734
Other debts
-€496
Investment (derived)
-€706,921
Investment in fixed assets (net)
-€706,921
Financing
+€117,747
Debts after one year
+€343,563
Current portion of long-term debt
-€214,247
Short-term financial debts
-€11,569
Cash 2025
€430,878
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,033,409 | €15,211,544 | +€178,135 | +1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,467,702 | €8,860,675 | +€392,972 | +4.6% |
| Intangible fixed assets | 21 | €3,896 | €3,004 | -€892 | -22.9% |
| Tangible fixed assets | 22/27 | €8,219,642 | €7,989,731 | -€229,911 | -2.8% |
| Land and buildings | 22 | €8,117,572 | €7,918,711 | -€198,861 | -2.4% |
| Plant, machinery and equipment | 23 | €16,522 | €13,494 | -€3,028 | -18.3% |
| Furniture and vehicles | 24 | €85,548 | €57,525 | -€28,023 | -32.8% |
| Financial fixed assets | 28 | €244,164 | €867,940 | +€623,776 | +255% |
| Current assets | 29/58 | €6,565,706 | €6,350,869 | -€214,837 | -3.3% |
| Amounts receivable after more than one year | 29 | €114,700 | €114,700 | = | 0.0% |
| Trade receivables | 290 | €114,700 | €114,700 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,720,019 | €4,768,468 | +€48,450 | +1.0% |
| Stocks | 30/36 | €4,720,019 | €4,768,468 | +€48,450 | +1.0% |
| Amounts receivable within one year | 40/41 | €1,041,274 | €1,036,823 | -€4,451 | -0.4% |
| Trade receivables | 40 | €152,882 | €220,082 | +€67,200 | +44.0% |
| Other amounts receivable | 41 | €888,392 | €816,741 | -€71,651 | -8.1% |
| Cash at bank and in hand | 54/58 | €677,729 | €430,878 | -€246,851 | -36.4% |
| Deferred charges and accrued income | 490/1 | €11,985 | - | -€11,985 | |
| Total equity and liabilities | 10/49 | €15,033,409 | €15,211,544 | +€178,135 | +1.2% |
| Equity | 10/15 | €1,981,186 | €2,066,565 | +€85,379 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €378,200 | €378,200 | = | 0.0% |
| Reserves | 13 | €1,876,951 | €1,829,168 | -€47,783 | -2.5% |
| Tax-exempt reserves | 132 | €1,272,009 | €1,224,226 | -€47,783 | -3.8% |
| Distributable reserves | 133 | €604,942 | €604,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,556 | -€159,394 | +€133,162 | +45.5% |
| Provisions and deferred taxes | 16 | €424,003 | €408,075 | -€15,928 | -3.8% |
| Deferred taxes | 168 | €424,003 | €408,075 | -€15,928 | -3.8% |
| Amounts payable | 17/49 | €12,628,219 | €12,736,903 | +€108,684 | +0.9% |
| Amounts payable after more than one year | 17 | €11,976,109 | €12,319,673 | +€343,563 | +2.9% |
| Financial debts | 170/4 | €11,957,109 | €12,300,673 | +€343,563 | +2.9% |
| Other amounts payable | 178/9 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €652,110 | €417,231 | -€234,880 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €268,020 | €53,773 | -€214,247 | -79.9% |
| Financial debts | 43 | €11,569 | - | -€11,569 | |
| Credit institutions | 430/8 | €11,569 | - | -€11,569 | |
| Trade debts | 44 | €151,976 | €137,674 | -€14,302 | -9.4% |
| Suppliers | 440/4 | €151,976 | €137,674 | -€14,302 | -9.4% |
| Taxes, remuneration and social security | 45 | €44,541 | €50,275 | +€5,734 | +12.9% |
| Taxes | 450/3 | €19,291 | €21,361 | +€2,070 | +10.7% |
| Remuneration and social security | 454/9 | €25,250 | €28,914 | +€3,664 | +14.5% |
| Other amounts payable | 47/48 | €176,005 | €175,509 | -€496 | -0.3% |
| Remuneration, social security and pensions | 62 | €179,347 | €170,148 | -€9,198 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,639 | €313,949 | +€7,310 | +2.4% |
| Other operating charges | 640/8 | €74,409 | €73,131 | -€1,278 | -1.7% |
| Non-recurring operating charges | 66A | €21,306 | - | -€21,306 | |
| Gross operating margin | 9900 | €1,232,233 | €1,027,686 | -€204,547 | -16.6% |
| Operating profit (loss) | 9901 | €650,532 | €470,458 | -€180,074 | -27.7% |
| Financial income | 75/76B | €30,672 | €8 | -€30,664 | -100.0% |
| Recurring financial income | 75 | €30,429 | €8 | -€30,421 | -100.0% |
| Non-recurring financial income | 76B | €243 | - | -€243 | |
| Financial charges | 65/66B | €528,254 | €338,697 | -€189,556 | -35.9% |
| Recurring financial charges | 65 | €528,254 | €338,697 | -€189,556 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €152,951 | €131,768 | -€21,182 | -13.8% |
| Transfer from deferred taxes | 780 | €16,081 | €15,928 | -€154 | -1.0% |
| Income taxes | 67/77 | €72,228 | €62,317 | -€9,910 | -13.7% |
| Profit (loss) for the period | 9904 | €96,804 | €85,379 | -€11,425 | -11.8% |
| Transfer from tax-exempt reserves | 789 | €48,244 | €47,783 | -€461 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,048 | €133,162 | -€11,886 | -8.2% |
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 24 October 2026 via checked.be.