IMMOBEER: 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.
What changed
IMMOBEER
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€8,362
2023 · €27,474-€19,112
Equity
€991,471
2023 · €983,109+€8,362
Cash
€118,029
2023 · €114,737+€3,291
Balance sheet total
€2.7m
2023 · €2.5m+€201,469
Largest movements
Assets
- Tangible fixed assets +€196,606
up €196,606 (+8.4%), from €2.3m to €2.5m
of which Land and buildings: +€198,561
Equity and liabilities
- Trade debts +€341,234
up €341,234 (+11197.5%), from €3,047 to €344,281
- Debts after one year -€148,177
down €148,177 (-12.4%), from €1.2m to €1.0m
of which Financial debts: -€161,387
Income statement
- Financial charges +€7,528
up €7,528 (+20.0%), from €37,581 to €45,109
- Taxes +€7,137
up €7,137 (+181.6%), from €3,930 to €11,068
- Depreciation +€6,175
up €6,175 (+3.2%), from €194,776 to €200,950
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.
Result 2023
€27,474
Gross operating margin
-€507
Depreciation
-€6,175
Other operating charges
-€1,120
Other operating items
+€1,587
Financial income
-€13
Financial charges
-€7,528
Taxes
-€7,137
Deferred taxes and other
+€1,781
Result 2024
€8,362
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.
From operations
+€562,924
Investment
-€397,556
Financing
-€162,076
Cash 2023
€114,737
From operations (derived)
+€562,924
Net result for the year
+€8,362
Depreciation
+€200,950
Receivables within one year
+€3,537
Deferred charges and accrued income
-€5,110
Provisions
-€8,459
Trade debts
+€341,234
Tax, wage and social debts
+€4,036
Other debts
+€17,395
Accrued charges and deferred income
+€978
Investment (derived)
-€397,556
Investment in fixed assets (net)
-€397,556
Financing
-€162,076
Debts after one year
-€148,177
Current portion of long-term debt
-€13,899
Cash 2024
€118,029
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,460,791 | €2,662,260 | +€201,469 | +8.2% |
| Fixed assets | 21/28 | €2,329,304 | €2,525,910 | +€196,606 | +8.4% |
| Tangible fixed assets | 22/27 | €2,328,804 | €2,525,410 | +€196,606 | +8.4% |
| Land and buildings | 22 | €2,324,641 | €2,523,203 | +€198,561 | +8.5% |
| Plant, machinery and equipment | 23 | €4,156 | €2,208 | -€1,948 | -46.9% |
| Other tangible fixed assets | 26 | €8 | - | -€8 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €131,487 | €136,350 | +€4,864 | +3.7% |
| Amounts receivable within one year | 40/41 | €16,749 | €13,212 | -€3,537 | -21.1% |
| Trade receivables | 40 | €8,680 | €1,210 | -€7,470 | -86.1% |
| Other amounts receivable | 41 | €8,070 | €12,002 | +€3,932 | +48.7% |
| Cash at bank and in hand | 54/58 | €114,737 | €118,029 | +€3,291 | +2.9% |
| Deferred charges and accrued income | 490/1 | - | €5,110 | +€5,110 | |
| Total equity and liabilities | 10/49 | €2,460,791 | €2,662,260 | +€201,469 | +8.2% |
| Equity | 10/15 | €983,109 | €991,471 | +€8,362 | +0.9% |
| Contributions | 10/11 | €271,850 | €271,850 | = | 0.0% |
| Capital | 10 | €271,850 | - | -€271,850 | |
| Issued capital | 100 | €271,850 | - | -€271,850 | |
| Reserves | 13 | €711,259 | €719,621 | +€8,362 | +1.2% |
| Non-distributable reserves | 130/1 | €27,185 | €27,185 | = | 0.0% |
| Legal reserve | 130 | €27,185 | - | -€27,185 | |
| Reserves not available under the articles | 1311 | - | €27,185 | +€27,185 | |
| Tax-exempt reserves | 132 | €214,318 | €197,022 | -€17,296 | -8.1% |
| Distributable reserves | 133 | €469,756 | €495,414 | +€25,658 | +5.5% |
| Provisions and deferred taxes | 16 | €71,440 | €62,980 | -€8,459 | -11.8% |
| Deferred taxes | 168 | €71,440 | €62,980 | -€8,459 | -11.8% |
| Amounts payable | 17/49 | €1,406,242 | €1,607,809 | +€201,567 | +14.3% |
| Amounts payable after more than one year | 17 | €1,195,740 | €1,047,563 | -€148,177 | -12.4% |
| Financial debts | 170/4 | €721,790 | €560,403 | -€161,387 | -22.4% |
| Other amounts payable | 178/9 | €473,949 | €487,159 | +€13,210 | +2.8% |
| Amounts payable within one year | 42/48 | €166,116 | €514,882 | +€348,766 | +210.0% |
| Current portion of amounts payable after more than one year | 42 | €163,069 | €149,169 | -€13,899 | -8.5% |
| Trade debts | 44 | €3,047 | €344,281 | +€341,234 | +11197.5% |
| Suppliers | 440/4 | €3,047 | €344,281 | +€341,234 | +11197.5% |
| Taxes, remuneration and social security | 45 | - | €4,036 | +€4,036 | |
| Taxes | 450/3 | - | €4,036 | +€4,036 | |
| Other amounts payable | 47/48 | - | €17,395 | +€17,395 | |
| Accrued charges and deferred income | 492/3 | €44,386 | €45,364 | +€978 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,776 | €200,950 | +€6,175 | +3.2% |
| Other operating charges | 640/8 | €27,148 | €28,267 | +€1,120 | +4.1% |
| Non-recurring operating charges | 66A | €15,057 | €13,470 | -€1,587 | -10.5% |
| Gross operating margin | 9900 | €299,274 | €298,766 | -€507 | -0.2% |
| Operating profit (loss) | 9901 | €62,293 | €56,079 | -€6,214 | -10.0% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €37,581 | €45,109 | +€7,528 | +20.0% |
| Recurring financial charges | 65 | €37,581 | €45,109 | +€7,528 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €24,726 | €10,970 | -€13,756 | -55.6% |
| Transfer from deferred taxes | 780 | €6,679 | €8,459 | +€1,781 | +26.7% |
| Income taxes | 67/77 | €3,930 | €11,068 | +€7,137 | +181.6% |
| Profit (loss) for the period | 9904 | €27,474 | €8,362 | -€19,112 | -69.6% |
| Transfer from tax-exempt reserves | 789 | €20,037 | €17,296 | -€2,741 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,511 | €25,658 | -€21,853 | -46.0% |
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 4 October 2026 via checked.be.