Immobiliën Constructie Agentschap: what changed
What changed
Immobiliën Constructie Agentschap
filed annual accounts (NBB)
Net result for the year
€244,737
2024 · €8,581+€236,156
Equity
€1.7m
2024 · €1.5m+€244,737
Cash
€492,186
2024 · €84,762+€407,424
Balance sheet total
€2.9m
2024 · €2.5m+€373,464
Largest movements
Assets
- Cash +€407,424
up €407,424 (+481%), from €84,762 to €492,186
mainly Net result for the year (+€244,737) and Depreciation (+€99,494)
- Receivables within one year -€68,469
down €68,469 (-26.6%), from €257,521 to €189,052
of which Other amounts receivable: -€52,716
- Tangible fixed assets +€44,173
up €44,173 (+2.0%), from €2.2m to €2.2m
of which Land and buildings: +€60,492
Equity and liabilities
- Reserves +€203,584
up €203,584 (+88.5%), from €229,922 to €433,506
of which Tax-exempt reserves: +€203,328
- Provisions +€67,776
up €67,776 (+128%), from €52,810 to €120,586
- Debts after one year +€58,325
up €58,325 (+6.4%), from €911,731 to €970,055
- Profit (loss) carried forward +€41,153
up €41,153, from -€36,283 to €4,870
Income statement
- Gross operating margin +€311,311
up €311,311 (+145%), from €215,239 to €526,550
- Depreciation +€18,654
up €18,654 (+23.1%), from €80,841 to €99,494
- Financial income +€6,780
up €6,780 (+1,388%), from €488 to €7,268
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
€8,581
Gross operating margin
+€311,311
Staff costs
+€362
Depreciation
-€18,654
Other operating charges
+€2,544
Other operating items
+€5,815
Financial income
+€6,780
Financial charges
-€5,008
Taxes
+€3,013
Deferred taxes and other
-€70,006
Result 2025
€244,737
raises the resultlowers the resultnot broken down further in the accounts
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
+€485,157
Investment
-€143,667
Financing
+€65,934
Cash 2024
€84,762
From operations (derived)
+€485,157
Net result for the year
+€244,737
Depreciation
+€99,494
Receivables within one year
+€68,469
Deferred charges and accrued income
+€9,663
Provisions
+€67,776
Trade debts
-€5,976
Other debts
-€2,231
Accrued charges and deferred income
+€3,225
Investment (derived)
-€143,667
Investment in fixed assets (net)
-€143,667
Financing
+€65,934
Debts after one year
+€58,325
Current portion of long-term debt
+€7,609
Cash 2025
€492,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,547,192 | €2,920,656 | +€373,464 | +14.7% |
| Fixed assets | 21/28 | €2,186,657 | €2,230,830 | +€44,173 | +2.0% |
| Tangible fixed assets | 22/27 | €2,186,657 | €2,230,830 | +€44,173 | +2.0% |
| Land and buildings | 22 | €2,114,323 | €2,174,815 | +€60,492 | +2.9% |
| Plant, machinery and equipment | 23 | €525 | €425 | -€100 | -19.1% |
| Furniture and vehicles | 24 | €71,809 | €55,590 | -€16,219 | -22.6% |
| Current assets | 29/58 | €360,534 | €689,826 | +€329,292 | +91.3% |
| Amounts receivable within one year | 40/41 | €257,521 | €189,052 | -€68,469 | -26.6% |
| Trade receivables | 40 | €22,449 | €6,696 | -€15,753 | -70.2% |
| Other amounts receivable | 41 | €235,073 | €182,357 | -€52,716 | -22.4% |
| Cash at bank and in hand | 54/58 | €84,762 | €492,186 | +€407,424 | +481% |
| Deferred charges and accrued income | 490/1 | €18,250 | €8,587 | -€9,663 | -52.9% |
| Total equity and liabilities | 10/49 | €2,547,192 | €2,920,656 | +€373,464 | +14.7% |
| Equity | 10/15 | €1,498,278 | €1,743,015 | +€244,737 | +16.3% |
| Contributions | 10/11 | €1,304,639 | €1,304,639 | = | 0.0% |
| Capital | 10 | €1,304,639 | €1,304,639 | = | 0.0% |
| Issued capital | 100 | €1,304,639 | €1,304,639 | = | 0.0% |
| Reserves | 13 | €229,922 | €433,506 | +€203,584 | +88.5% |
| Non-distributable reserves | 130/1 | €71,493 | €71,749 | +€256 | +0.4% |
| Legal reserve | 130 | €71,493 | €71,749 | +€256 | +0.4% |
| Tax-exempt reserves | 132 | €158,429 | €361,757 | +€203,328 | +128% |
| Profit (loss) carried forward | 14 | -€36,283 | €4,870 | +€41,153 | |
| Provisions and deferred taxes | 16 | €52,810 | €120,586 | +€67,776 | +128% |
| Deferred taxes | 168 | €52,810 | €120,586 | +€67,776 | +128% |
| Amounts payable | 17/49 | €996,104 | €1,057,055 | +€60,951 | +6.1% |
| Amounts payable after more than one year | 17 | €911,731 | €970,055 | +€58,325 | +6.4% |
| Financial debts | 170/4 | €911,731 | €970,055 | +€58,325 | +6.4% |
| Amounts payable within one year | 42/48 | €75,945 | €75,347 | -€599 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €31,168 | €38,777 | +€7,609 | +24.4% |
| Trade debts | 44 | €31,621 | €25,645 | -€5,976 | -18.9% |
| Suppliers | 440/4 | €31,621 | €25,645 | -€5,976 | -18.9% |
| Other amounts payable | 47/48 | €13,157 | €10,925 | -€2,231 | -17.0% |
| Accrued charges and deferred income | 492/3 | €8,428 | €11,653 | +€3,225 | +38.3% |
| Non-recurring operating income | 76A | €8,022 | €331,988 | +€323,966 | +4,039% |
| Remuneration, social security and pensions | 62 | €362 | €0 | -€362 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,841 | €99,494 | +€18,654 | +23.1% |
| Other operating charges | 640/8 | €82,820 | €80,276 | -€2,544 | -3.1% |
| Non-recurring operating charges | 66A | €5,815 | €0 | -€5,815 | -100% |
| Gross operating margin | 9900 | €215,239 | €526,550 | +€311,311 | +145% |
| Operating profit (loss) | 9901 | €45,402 | €346,780 | +€301,378 | +664% |
| Financial income | 75/76B | €488 | €7,268 | +€6,780 | +1,388% |
| Recurring financial income | 75 | €488 | €7,268 | +€6,780 | +1,388% |
| Financial charges | 65/66B | €36,222 | €41,230 | +€5,008 | +13.8% |
| Recurring financial charges | 65 | €36,222 | €41,230 | +€5,008 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €9,669 | €312,818 | +€303,149 | +3,135% |
| Transfer from deferred taxes | 780 | €2,230 | €13,521 | +€11,290 | +506% |
| Transfer to deferred taxes | 680 | €0 | €81,297 | +€81,297 | |
| Income taxes | 67/77 | €3,318 | €305 | -€3,013 | -90.8% |
| Profit (loss) for the period | 9904 | €8,581 | €244,737 | +€236,156 | +2,752% |
| Transfer from tax-exempt reserves | 789 | €6,691 | €40,562 | +€33,871 | +506% |
| Transfer to tax-exempt reserves | 689 | €0 | €243,890 | +€243,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,272 | €41,409 | +€26,138 | +171% |
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 2 November 2026 via checked.be.