IMMOBELGEONNE: what changed
What changed
IMMOBELGEONNE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€24,728
2024 · €40,946-€16,217
Equity
€247,821
2024 · €227,532+€20,289
Cash
€251,525
2024 · €265+€251,260
Balance sheet total
€1.5m
2024 · €722,993+€749,791
Largest movements
Assets
- Stocks and contracts +€596,975
new in 2025: €596,975
- Cash +€251,260
up €251,260 (+94,944%), from €265 to €251,525
mainly Short-term financial debts (+€764,056) and Depreciation (+€47,826)
- Tangible fixed assets -€47,826
down €47,826 (-10.3%), from €463,959 to €416,134
- Receivables within one year -€45,108
down €45,108 (-18.0%), from €251,297 to €206,189
Equity and liabilities
- Short-term financial debts +€764,056
new in 2025: €764,056
- Current portion of long-term debt -€21,724
down €21,724 (-36.6%), from €59,424 to €37,700
- Reserves +€20,289
up €20,289 (+92.8%), from €21,860 to €42,149
of which Distributable reserves: +€20,289
Income statement
- Financial charges +€19,463
up €19,463 (+81.5%), from €23,875 to €43,339
- Gross operating margin +€3,084
up €3,084 (+2.4%), from €129,537 to €132,621
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,946
Gross operating margin
+€3,084
Other operating charges
-€133
Financial income
+€2
Financial charges
-€19,463
Taxes
+€293
Result 2025
€24,728
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€477,375
Investment
€0
Financing
+€728,635
Cash 2024
€265
From operations (derived)
-€477,375
Net result for the year
+€24,728
Depreciation
+€47,826
Stocks and contracts
-€596,975
Receivables within one year
+€45,108
Deferred charges and accrued income
+€5,510
Trade debts
+€8,162
Tax, wage and social debts
-€13,838
Other debts
+€2,104
Financing
+€728,635
Debts after one year
-€9,258
Current portion of long-term debt
-€21,724
Short-term financial debts
+€764,056
Contributions, distributions and other
-€4,439
Cash 2025
€251,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €722,993 | €1,472,784 | +€749,791 | +104% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €464,016 | €416,190 | -€47,826 | -10.3% |
| Tangible fixed assets | 22/27 | €463,959 | €416,134 | -€47,826 | -10.3% |
| Land and buildings | 22 | €463,959 | €416,134 | -€47,826 | -10.3% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €258,977 | €1,056,594 | +€797,617 | +308% |
| Stocks and contracts in progress | 3 | - | €596,975 | +€596,975 | |
| Stocks | 30/36 | - | €596,975 | +€596,975 | |
| Amounts receivable within one year | 40/41 | €251,297 | €206,189 | -€45,108 | -18.0% |
| Other amounts receivable | 41 | €251,297 | €206,189 | -€45,108 | -18.0% |
| Cash at bank and in hand | 54/58 | €265 | €251,525 | +€251,260 | +94,944% |
| Deferred charges and accrued income | 490/1 | €7,415 | €1,905 | -€5,510 | -74.3% |
| Total equity and liabilities | 10/49 | €722,993 | €1,472,784 | +€749,791 | +104% |
| Equity | 10/15 | €227,532 | €247,821 | +€20,289 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €42,149 | +€20,289 | +92.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €40,289 | +€20,289 | +101% |
| Profit (loss) carried forward | 14 | €199,472 | €199,472 | +€0 | 0.0% |
| Amounts payable | 17/49 | €495,461 | €1,224,963 | +€729,502 | +147% |
| Amounts payable after more than one year | 17 | €396,290 | €387,033 | -€9,258 | -2.3% |
| Financial debts | 170/4 | €396,290 | €387,033 | -€9,258 | -2.3% |
| Amounts payable within one year | 42/48 | €99,171 | €837,931 | +€738,760 | +745% |
| Current portion of amounts payable after more than one year | 42 | €59,424 | €37,700 | -€21,724 | -36.6% |
| Financial debts | 43 | - | €764,056 | +€764,056 | |
| Other loans | 439 | - | €764,056 | +€764,056 | |
| Trade debts | 44 | €10,538 | €18,700 | +€8,162 | +77.5% |
| Suppliers | 440/4 | €10,538 | €18,700 | +€8,162 | +77.5% |
| Taxes, remuneration and social security | 45 | €29,209 | €15,371 | -€13,838 | -47.4% |
| Taxes | 450/3 | €29,209 | €15,371 | -€13,838 | -47.4% |
| Other amounts payable | 47/48 | - | €2,104 | +€2,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,826 | €47,826 | = | 0.0% |
| Other operating charges | 640/8 | €8,498 | €8,631 | +€133 | +1.6% |
| Gross operating margin | 9900 | €129,537 | €132,621 | +€3,084 | +2.4% |
| Operating profit (loss) | 9901 | €73,213 | €76,164 | +€2,951 | +4.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €23,875 | €43,339 | +€19,463 | +81.5% |
| Recurring financial charges | 65 | €23,875 | €43,339 | +€19,463 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €49,338 | €32,827 | -€16,511 | -33.5% |
| Income taxes | 67/77 | €8,392 | €8,099 | -€293 | -3.5% |
| Profit (loss) for the period | 9904 | €40,946 | €24,728 | -€16,217 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,946 | €24,728 | -€16,217 | -39.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.