Immo Zan: what changed
Two fiscal 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.
Immo Zan
Largest movements
- Tangible fixed assets -€45,153
down €45,153 (-2.5%), from €1.8m to €1.8m
of which Land and buildings: -€64,355
- Debts after one year -€105,600
down €105,600 (-9.5%), from €1.1m to €1.0m
- Other debts +€26,525
up €26,525 (+6.3%), from €423,506 to €450,031
- Turnover -€193,755
no longer reported in 2024 (was €193,755)
- Purchases and services -€30,304
no longer reported in 2024 (was €30,304)
- Gross operating margin -€21,771
down €21,771 (-13.3%), from €163,451 to €141,680
- Taxes -€12,709
down €12,709 (-54.0%), from €23,527 to €10,817
- Other operating charges +€6,566
up €6,566 (+31.8%), from €20,633 to €27,199
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,871,227 | €1,814,119 | -€57,108 | -3.1% |
| Fixed assets | 21/28 | €1,831,834 | €1,786,681 | -€45,153 | -2.5% |
| Tangible fixed assets | 22/27 | €1,831,834 | €1,786,681 | -€45,153 | -2.5% |
| Land and buildings | 22 | €1,805,266 | €1,740,911 | -€64,355 | -3.6% |
| Furniture and vehicles | 24 | €26,567 | €28,314 | +€1,746 | +6.6% |
| Other tangible fixed assets | 26 | - | €17,456 | +€17,456 | |
| Current assets | 29/58 | €39,393 | €27,438 | -€11,955 | -30.3% |
| Amounts receivable within one year | 40/41 | €5,000 | €5,000 | = | 0.0% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,073 | €16,438 | -€9,634 | -37.0% |
| Deferred charges and accrued income | 490/1 | €8,321 | €6,000 | -€2,321 | -27.9% |
| Total equity and liabilities | 10/49 | €1,871,227 | €1,814,119 | -€57,108 | -3.1% |
| Equity | 10/15 | €225,200 | €229,477 | +€4,277 | +1.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Capital | 10 | €21,000 | - | -€21,000 | |
| Issued capital | 100 | €21,000 | - | -€21,000 | |
| Outside capital | 11 | - | €21,000 | +€21,000 | |
| Other | 1109/19 | - | €21,000 | +€21,000 | |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,100 | €206,377 | +€4,277 | +2.1% |
| Amounts payable | 17/49 | €1,646,027 | €1,584,642 | -€61,385 | -3.7% |
| Amounts payable after more than one year | 17 | €1,116,765 | €1,011,165 | -€105,600 | -9.5% |
| Financial debts | 170/4 | €1,116,765 | €1,011,165 | -€105,600 | -9.5% |
| Amounts payable within one year | 42/48 | €529,262 | €573,477 | +€44,215 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €103,900 | €111,975 | +€8,075 | +7.8% |
| Trade debts | 44 | €860 | €11,471 | +€10,611 | +1233.7% |
| Suppliers | 440/4 | €860 | €11,471 | +€10,611 | +1233.7% |
| Taxes, remuneration and social security | 45 | €996 | - | -€996 | |
| Taxes | 450/3 | €996 | - | -€996 | |
| Other amounts payable | 47/48 | €423,506 | €450,031 | +€26,525 | +6.3% |
| Turnover | 70 | €193,755 | - | -€193,755 | |
| Goods, raw materials, services and sundry goods | 60/61 | €30,304 | - | -€30,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,910 | €73,353 | +€2,443 | +3.4% |
| Other operating charges | 640/8 | €20,633 | €27,199 | +€6,566 | +31.8% |
| Non-recurring operating charges | 66A | €15,992 | - | -€15,992 | |
| Gross operating margin | 9900 | €163,451 | €141,680 | -€21,771 | -13.3% |
| Operating profit (loss) | 9901 | €55,916 | €41,128 | -€14,789 | -26.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €29,593 | €26,036 | -€3,557 | -12.0% |
| Recurring financial charges | 65 | €29,593 | €26,036 | -€3,557 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €26,323 | €15,094 | -€11,229 | -42.7% |
| Income taxes | 67/77 | €23,527 | €10,817 | -€12,709 | -54.0% |
| Profit (loss) for the period | 9904 | €2,796 | €4,277 | +€1,481 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,796 | €4,277 | +€1,481 | +52.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.