Immobeheer: 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.
Immobeheer
Largest movements
- Cash -€31,455
down €31,455 (-68.9%), from €45,639 to €14,184
mainly Other debts (-€54,000) and Deferred charges and accrued income (-€11,857)
- Tangible fixed assets -€28,127
down €28,127 (-5.6%), from €498,329 to €470,202
of which Land and buildings: -€26,954
- Deferred charges and accrued income +€11,857
up €11,857 (+66.4%), from €17,856 to €29,712
- Other debts -€54,000
down €54,000 (-100.0%), from €54,000 to €0
- Reserves +€10,488
up €10,488 (+5.1%), from €207,365 to €217,853
of which Distributable reserves: +€14,577
- Gross operating margin -€13,954
down €13,954 (-20.3%), from €68,602 to €54,648
- Taxes -€2,107
down €2,107 (-23.7%), from €8,910 to €6,803
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €562,923 | €517,306 | -€45,618 | -8.1% |
| Fixed assets | 21/28 | €498,339 | €470,212 | -€28,127 | -5.6% |
| Tangible fixed assets | 22/27 | €498,329 | €470,202 | -€28,127 | -5.6% |
| Land and buildings | 22 | €495,983 | €469,029 | -€26,954 | -5.4% |
| Plant, machinery and equipment | 23 | €2,346 | €1,173 | -€1,173 | -50.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €64,584 | €47,093 | -€17,491 | -27.1% |
| Amounts receivable within one year | 40/41 | €1,090 | €3,197 | +€2,107 | +193.3% |
| Other amounts receivable | 41 | €1,090 | €3,197 | +€2,107 | +193.3% |
| Cash at bank and in hand | 54/58 | €45,639 | €14,184 | -€31,455 | -68.9% |
| Deferred charges and accrued income | 490/1 | €17,856 | €29,712 | +€11,857 | +66.4% |
| Total equity and liabilities | 10/49 | €562,923 | €517,306 | -€45,618 | -8.1% |
| Equity | 10/15 | €470,165 | €480,653 | +€10,488 | +2.2% |
| Contributions | 10/11 | €262,800 | €262,800 | = | 0.0% |
| Capital | 10 | €262,800 | €262,800 | = | 0.0% |
| Issued capital | 100 | €262,800 | €262,800 | = | 0.0% |
| Reserves | 13 | €207,365 | €217,853 | +€10,488 | +5.1% |
| Non-distributable reserves | 130/1 | €26,280 | €26,280 | = | 0.0% |
| Legal reserve | 130 | €26,280 | €26,280 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,270 | €71,181 | -€4,089 | -5.4% |
| Distributable reserves | 133 | €105,815 | €120,392 | +€14,577 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €38,758 | €36,653 | -€2,106 | -5.4% |
| Deferred taxes | 168 | €38,758 | €36,653 | -€2,106 | -5.4% |
| Amounts payable | 17/49 | €54,000 | €0 | -€54,000 | -100.0% |
| Amounts payable within one year | 42/48 | €54,000 | €0 | -€54,000 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,000 | €0 | -€54,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,127 | €28,127 | = | 0.0% |
| Other operating charges | 640/8 | €10,877 | €11,183 | +€306 | +2.8% |
| Gross operating margin | 9900 | €68,602 | €54,648 | -€13,954 | -20.3% |
| Operating profit (loss) | 9901 | €29,598 | €15,338 | -€14,260 | -48.2% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,445 | €15,185 | -€14,260 | -48.4% |
| Transfer from deferred taxes | 780 | €2,106 | €2,106 | = | 0.0% |
| Income taxes | 67/77 | €8,910 | €6,803 | -€2,107 | -23.7% |
| Profit (loss) for the period | 9904 | €22,640 | €10,488 | -€12,152 | -53.7% |
| Transfer from tax-exempt reserves | 789 | €4,089 | €4,089 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,730 | €14,577 | -€12,152 | -45.5% |
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 12 October 2026 via checked.be.