IMMOBECO: 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
IMMOBECO
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,822
2024 · €326,602-€361,424
Equity
€711,491
2024 · €746,313-€34,822
Cash
€41,105
2024 · €21,519+€19,586
Balance sheet total
€1.1m
2024 · €1.1m-€67,509
Largest movements
Assets
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets +€109,932
up €109,932 (+12.1%), from €911,576 to €1.0m
- Cash +€19,586
up €19,586 (+91.0%), from €21,519 to €41,105
mainly Current investments (+€200,000) and Depreciation (+€30,078)
Equity and liabilities
- Profit (loss) carried forward -€27,652
new in 2025: -€27,652
- Debts after one year -€16,043
down €16,043 (-5.1%), from €311,863 to €295,820
Income statement
- Gross operating margin -€505,354
down €505,354 (-99.5%), from €507,920 to €2,566
- Taxes -€203,393
no longer reported in 2025 (was €203,393)
- Depreciation -€6,413
down €6,413 (-17.6%), from €36,490 to €30,078
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
€326,602
Gross operating margin
-€505,354
Depreciation
+€6,413
Other operating charges
+€1,494
Financial income
+€1,471
Financial charges
+€844
Taxes
+€203,393
Deferred taxes and other
-€69,686
Result 2025
-€34,822
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
-€24,703
Investment
+€59,991
Financing
-€15,702
Cash 2024
€21,519
From operations (derived)
-€24,703
Net result for the year
-€34,822
Depreciation
+€30,078
Receivables within one year
-€3,344
Deferred charges and accrued income
+€371
Provisions
-€2,390
Trade debts
-€6,601
Tax, wage and social debts
-€5,351
Other debts
-€2,642
Investment (derived)
+€59,991
Investment in fixed assets (net)
-€140,009
Current investments
+€200,000
Financing
-€15,702
Debts after one year
-€16,043
Current portion of long-term debt
+€340
Cash 2025
€41,105
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,133,466 | €1,065,957 | -€67,509 | -6.0% |
| Fixed assets | 21/28 | €911,576 | €1,021,507 | +€109,932 | +12.1% |
| Tangible fixed assets | 22/27 | €911,576 | €1,021,507 | +€109,932 | +12.1% |
| Land and buildings | 22 | €911,576 | €1,021,507 | +€109,932 | +12.1% |
| Current assets | 29/58 | €221,890 | €44,450 | -€177,440 | -80.0% |
| Amounts receivable within one year | 40/41 | - | €3,344 | +€3,344 | |
| Other amounts receivable | 41 | - | €3,344 | +€3,344 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €21,519 | €41,105 | +€19,586 | +91.0% |
| Deferred charges and accrued income | 490/1 | €371 | - | -€371 | |
| Total equity and liabilities | 10/49 | €1,133,466 | €1,065,957 | -€67,509 | -6.0% |
| Equity | 10/15 | €746,313 | €711,491 | -€34,822 | -4.7% |
| Contributions | 10/11 | €126,208 | €126,208 | = | 0.0% |
| Contributions outside capital | 11 | €126,208 | €126,208 | = | 0.0% |
| Other | 1109/19 | €126,208 | €126,208 | = | 0.0% |
| Reserves | 13 | €620,105 | €612,935 | -€7,170 | -1.2% |
| Tax-exempt reserves | 132 | €134,280 | €127,110 | -€7,170 | -5.3% |
| Distributable reserves | 133 | €485,825 | €485,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€27,652 | -€27,652 | |
| Provisions and deferred taxes | 16 | €44,760 | €42,370 | -€2,390 | -5.3% |
| Deferred taxes | 168 | €44,760 | €42,370 | -€2,390 | -5.3% |
| Amounts payable | 17/49 | €342,393 | €312,097 | -€30,296 | -8.8% |
| Amounts payable after more than one year | 17 | €311,863 | €295,820 | -€16,043 | -5.1% |
| Financial debts | 170/4 | €311,863 | €295,820 | -€16,043 | -5.1% |
| Amounts payable within one year | 42/48 | €30,530 | €16,276 | -€14,254 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €15,702 | €16,043 | +€340 | +2.2% |
| Trade debts | 44 | €6,786 | €185 | -€6,601 | -97.3% |
| Suppliers | 440/4 | €6,786 | €185 | -€6,601 | -97.3% |
| Taxes, remuneration and social security | 45 | €5,400 | €49 | -€5,351 | -99.1% |
| Taxes | 450/3 | €5,400 | €49 | -€5,351 | -99.1% |
| Other amounts payable | 47/48 | €2,642 | - | -€2,642 | |
| Non-recurring operating income | 76A | €573,540 | - | -€573,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,490 | €30,078 | -€6,413 | -17.6% |
| Other operating charges | 640/8 | €5,463 | €3,969 | -€1,494 | -27.3% |
| Gross operating margin | 9900 | €507,920 | €2,566 | -€505,354 | -99.5% |
| Operating profit (loss) | 9901 | €465,967 | -€31,481 | -€497,447 | |
| Financial income | 75/76B | - | €1,471 | +€1,471 | |
| Recurring financial income | 75 | - | €1,471 | +€1,471 | |
| Financial charges | 65/66B | €8,047 | €7,203 | -€844 | -10.5% |
| Recurring financial charges | 65 | €8,047 | €7,203 | -€844 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €457,919 | -€37,212 | -€495,132 | |
| Transfer from deferred taxes | 780 | €72,076 | €2,390 | -€69,686 | -96.7% |
| Income taxes | 67/77 | €203,393 | - | -€203,393 | |
| Profit (loss) for the period | 9904 | €326,602 | -€34,822 | -€361,424 | |
| Transfer from tax-exempt reserves | 789 | €216,228 | €7,170 | -€209,058 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €542,830 | -€27,652 | -€570,483 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.