IMMO YBK: 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 YBK
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€54,809
2024 · €216,479-€161,670
Equity
€935,283
2024 · €880,474+€54,809
Cash
€73,535
2024 · €39,247+€34,288
Balance sheet total
€4.3m
2024 · €3.4m+€944,002
Largest movements
Assets
- Tangible fixed assets +€805,741
up €805,741 (+25.7%), from €3.1m to €3.9m
- Stocks and contracts +€77,226
up €77,226 (+84.0%), from €91,950 to €169,176
Equity and liabilities
- Debts after one year +€872,076
up €872,076 (+42.1%), from €2.1m to €2.9m
of which Financial debts: +€769,080
- Current portion of long-term debt +€83,985
up €83,985 (+46.9%), from €179,011 to €262,996
- Profit (loss) carried forward +€54,809
up €54,809 (+6.7%), from €813,543 to €868,352
Income statement
- Gross operating margin -€219,680
down €219,680 (-25.6%), from €859,425 to €639,745
- Staff costs -€194,950
down €194,950 (-68.8%), from €283,497 to €88,547
- Other operating charges +€100,074
up €100,074 (+314%), from €31,839 to €131,913
- Taxes -€64,505
down €64,505 (-73.7%), from €87,568 to €23,064
- Financial charges +€55,959
up €55,959 (+112%), from €49,848 to €105,807
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
€216,479
Gross operating margin
-€219,680
Staff costs
+€194,950
Depreciation
-€54,104
Other operating charges
-€100,074
Other operating items
+€8,673
Financial income
+€20
Financial charges
-€55,959
Taxes
+€64,505
Result 2025
€54,809
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
+€119,597
Investment
-€1.0m
Financing
+€956,061
Cash 2024
€39,247
From operations (derived)
+€119,597
Net result for the year
+€54,809
Depreciation
+€235,628
Stocks and contracts
-€77,226
Receivables within one year
-€27,717
Deferred charges and accrued income
+€970
Trade debts
-€32,343
Tax, wage and social debts
-€14,938
Other debts
-€15,286
Accrued charges and deferred income
-€4,300
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
+€956,061
Debts after one year
+€872,076
Current portion of long-term debt
+€83,985
Cash 2025
€73,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,374,872 | €4,318,874 | +€944,002 | +28.0% |
| Fixed assets | 21/28 | €3,143,338 | €3,949,080 | +€805,741 | +25.6% |
| Tangible fixed assets | 22/27 | €3,140,438 | €3,946,180 | +€805,741 | +25.7% |
| Land and buildings | 22 | €2,606,456 | €2,996,458 | +€390,002 | +15.0% |
| Plant, machinery and equipment | 23 | €21,006 | €23,273 | +€2,267 | +10.8% |
| Furniture and vehicles | 24 | €341,869 | €399,279 | +€57,410 | +16.8% |
| Assets under construction and advance payments | 27 | €171,107 | €527,170 | +€356,063 | +208% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €231,534 | €369,795 | +€138,261 | +59.7% |
| Stocks and contracts in progress | 3 | €91,950 | €169,176 | +€77,226 | +84.0% |
| Stocks | 30/36 | €91,950 | €169,176 | +€77,226 | +84.0% |
| Amounts receivable within one year | 40/41 | €89,192 | €116,908 | +€27,717 | +31.1% |
| Trade receivables | 40 | €42,290 | €4,589 | -€37,700 | -89.1% |
| Other amounts receivable | 41 | €46,902 | €112,319 | +€65,417 | +139% |
| Cash at bank and in hand | 54/58 | €39,247 | €73,535 | +€34,288 | +87.4% |
| Deferred charges and accrued income | 490/1 | €11,145 | €10,175 | -€970 | -8.7% |
| Total equity and liabilities | 10/49 | €3,374,872 | €4,318,874 | +€944,002 | +28.0% |
| Equity | 10/15 | €880,474 | €935,283 | +€54,809 | +6.2% |
| Contributions | 10/11 | €47,437 | €47,437 | = | 0.0% |
| Reserves | 13 | €19,494 | €19,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €744 | €744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €813,543 | €868,352 | +€54,809 | +6.7% |
| Amounts payable | 17/49 | €2,494,398 | €3,383,591 | +€889,193 | +35.6% |
| Amounts payable after more than one year | 17 | €2,072,937 | €2,945,013 | +€872,076 | +42.1% |
| Financial debts | 170/4 | €1,804,069 | €2,573,150 | +€769,080 | +42.6% |
| Other amounts payable | 178/9 | €268,867 | €371,863 | +€102,996 | +38.3% |
| Amounts payable within one year | 42/48 | €417,161 | €438,579 | +€21,417 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €179,011 | €262,996 | +€83,985 | +46.9% |
| Trade debts | 44 | €66,946 | €34,603 | -€32,343 | -48.3% |
| Suppliers | 440/4 | €66,946 | €34,603 | -€32,343 | -48.3% |
| Taxes, remuneration and social security | 45 | €155,918 | €140,980 | -€14,938 | -9.6% |
| Taxes | 450/3 | €144,018 | €124,969 | -€19,048 | -13.2% |
| Remuneration and social security | 454/9 | €11,900 | €16,011 | +€4,110 | +34.5% |
| Other amounts payable | 47/48 | €15,286 | - | -€15,286 | |
| Accrued charges and deferred income | 492/3 | €4,300 | - | -€4,300 | |
| Non-recurring operating income | 76A | €5,007 | €122,536 | +€117,528 | +2,347% |
| Remuneration, social security and pensions | 62 | €283,497 | €88,547 | -€194,950 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,524 | €235,628 | +€54,104 | +29.8% |
| Other operating charges | 640/8 | €31,839 | €131,913 | +€100,074 | +314% |
| Non-recurring operating charges | 66A | €8,673 | - | -€8,673 | |
| Gross operating margin | 9900 | €859,425 | €639,745 | -€219,680 | -25.6% |
| Operating profit (loss) | 9901 | €353,892 | €183,657 | -€170,235 | -48.1% |
| Financial income | 75/76B | €4 | €23 | +€20 | +555% |
| Recurring financial income | 75 | €4 | €23 | +€20 | +555% |
| Financial charges | 65/66B | €49,848 | €105,807 | +€55,959 | +112% |
| Recurring financial charges | 65 | €49,848 | €105,807 | +€55,959 | +112% |
| Profit (loss) for the period before taxes | 9903 | €304,048 | €77,873 | -€226,175 | -74.4% |
| Income taxes | 67/77 | €87,568 | €23,064 | -€64,505 | -73.7% |
| Profit (loss) for the period | 9904 | €216,479 | €54,809 | -€161,670 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €216,479 | €54,809 | -€161,670 | -74.7% |
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 15 October 2026 via checked.be.