Immobilière E.V.C.: what changed
What changed
Immobilière E.V.C.
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
€179,343
2024 · €37,056+€142,288
Equity
€1.8m
2024 · €1.6m+€179,343
Cash
€153,591
2024 · €50,906+€102,685
Balance sheet total
€4.4m
2024 · €4.0m+€401,382
Largest movements
Assets
- Tangible fixed assets +€318,798
up €318,798 (+8.2%), from €3.9m to €4.2m
of which Land and buildings: +€234,227
- Cash +€102,685
up €102,685 (+202%), from €50,906 to €153,591
mainly Depreciation (+€207,932) and Net result for the year (+€179,343)
- Current investments -€48,648
down €48,648 (-88.0%), from €55,267 to €6,619
Equity and liabilities
- Profit (loss) carried forward +€183,079
up €183,079 (+17.1%), from €1.1m to €1.3m
- Trade debts +€164,017
up €164,017 (+1,901%), from €8,629 to €172,647
Income statement
- Gross operating margin +€166,925
up €166,925 (+37.7%), from €442,554 to €609,479
- Taxes +€36,954
up €36,954 (+169%), from €21,908 to €58,862
- Depreciation -€11,472
down €11,472 (-5.2%), from €219,403 to €207,932
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
€37,056
Gross operating margin
+€166,925
Staff costs
-€3,582
Depreciation
+€11,472
Other operating charges
+€935
Financial income
+€305
Financial charges
+€3,888
Taxes
-€36,954
Deferred taxes and other
-€702
Result 2025
€179,343
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
+€552,565
Investment
-€478,082
Financing
+€28,201
Cash 2024
€50,906
From operations (derived)
+€552,565
Net result for the year
+€179,343
Depreciation
+€207,932
Receivables within one year
-€36,311
Deferred charges and accrued income
+€7,763
Provisions
-€1,245
Trade debts
+€164,017
Tax, wage and social debts
+€42,780
Other debts
-€11,714
Investment (derived)
-€478,082
Investment in fixed assets (net)
-€526,729
Current investments
+€48,648
Financing
+€28,201
Debts after one year
-€13,136
Current portion of long-term debt
+€41,337
Cash 2025
€153,591
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,008,968 | €4,410,350 | +€401,382 | +10.0% |
| Fixed assets | 21/28 | €3,889,112 | €4,207,910 | +€318,798 | +8.2% |
| Tangible fixed assets | 22/27 | €3,872,998 | €4,191,796 | +€318,798 | +8.2% |
| Land and buildings | 22 | €3,764,344 | €3,998,570 | +€234,227 | +6.2% |
| Plant, machinery and equipment | 23 | €38,438 | €27,063 | -€11,375 | -29.6% |
| Furniture and vehicles | 24 | €8,929 | €452 | -€8,477 | -94.9% |
| Assets under construction and advance payments | 27 | €61,287 | €165,710 | +€104,424 | +170% |
| Financial fixed assets | 28 | €16,114 | €16,114 | = | 0.0% |
| Current assets | 29/58 | €119,856 | €202,441 | +€82,585 | +68.9% |
| Amounts receivable within one year | 40/41 | €2,700 | €39,011 | +€36,311 | +1,345% |
| Other amounts receivable | 41 | €2,700 | €39,011 | +€36,311 | +1,345% |
| Current investments | 50/53 | €55,267 | €6,619 | -€48,648 | -88.0% |
| Cash at bank and in hand | 54/58 | €50,906 | €153,591 | +€102,685 | +202% |
| Deferred charges and accrued income | 490/1 | €10,983 | €3,220 | -€7,763 | -70.7% |
| Total equity and liabilities | 10/49 | €4,008,968 | €4,410,350 | +€401,382 | +10.0% |
| Equity | 10/15 | €1,605,448 | €1,784,791 | +€179,343 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €530,317 | €526,581 | -€3,736 | -0.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €353,964 | €350,228 | -€3,736 | -1.1% |
| Distributable reserves | 133 | €174,494 | €174,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,068,931 | €1,252,010 | +€183,079 | +17.1% |
| Provisions and deferred taxes | 16 | €117,988 | €116,743 | -€1,245 | -1.1% |
| Deferred taxes | 168 | €117,988 | €116,743 | -€1,245 | -1.1% |
| Amounts payable | 17/49 | €2,285,532 | €2,508,817 | +€223,285 | +9.8% |
| Amounts payable after more than one year | 17 | €1,853,232 | €1,840,097 | -€13,136 | -0.7% |
| Financial debts | 170/4 | €1,853,232 | €1,840,097 | -€13,136 | -0.7% |
| Amounts payable within one year | 42/48 | €432,300 | €668,720 | +€236,420 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €217,933 | €259,270 | +€41,337 | +19.0% |
| Trade debts | 44 | €8,629 | €172,647 | +€164,017 | +1,901% |
| Suppliers | 440/4 | €8,629 | €172,647 | +€164,017 | +1,901% |
| Taxes, remuneration and social security | 45 | €55,647 | €98,426 | +€42,780 | +76.9% |
| Taxes | 450/3 | €43,943 | €86,569 | +€42,626 | +97.0% |
| Remuneration and social security | 454/9 | €11,704 | €11,857 | +€153 | +1.3% |
| Other amounts payable | 47/48 | €150,091 | €138,377 | -€11,714 | -7.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €21,859 | +€21,859 | |
| Remuneration, social security and pensions | 62 | €103,881 | €107,463 | +€3,582 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,403 | €207,932 | -€11,472 | -5.2% |
| Other operating charges | 640/8 | €26,809 | €25,874 | -€935 | -3.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €442,554 | €609,479 | +€166,925 | +37.7% |
| Operating profit (loss) | 9901 | €92,461 | €268,211 | +€175,750 | +190% |
| Financial income | 75/76B | €728 | €1,033 | +€305 | +41.9% |
| Recurring financial income | 75 | €728 | €1,033 | +€305 | +41.9% |
| Financial charges | 65/66B | €36,172 | €32,285 | -€3,888 | -10.7% |
| Recurring financial charges | 65 | €36,172 | €32,285 | -€3,888 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €57,017 | €236,960 | +€179,943 | +316% |
| Transfer from deferred taxes | 780 | €1,947 | €1,245 | -€702 | -36.0% |
| Income taxes | 67/77 | €21,908 | €58,862 | +€36,954 | +169% |
| Profit (loss) for the period | 9904 | €37,056 | €179,343 | +€142,288 | +384% |
| Transfer from tax-exempt reserves | 789 | €5,841 | €3,736 | -€2,105 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,896 | €183,079 | +€140,183 | +327% |
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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 4 November 2026 via checked.be.