Immocal: 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.
What changed
Immocal
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€84,949
2024 · €68,337+€16,611
Equity
€2.3m
2024 · €2.2m+€84,949
Cash
€43,241
2024 · €100,386-€57,145
Balance sheet total
€5.8m
2024 · €6.0m-€156,113
Largest movements
Assets
- Tangible fixed assets -€206,953
down €206,953 (-11.2%), from €1.9m to €1.6m
- Financial fixed assets +€111,801
up €111,801 (+2.8%), from €4.0m to €4.1m
Equity and liabilities
- Debts after one year -€248,928
down €248,928 (-11.7%), from €2.1m to €1.9m
- Profit (loss) carried forward +€110,161
up €110,161 (+7.7%), from €1.4m to €1.5m
Income statement
- Turnover +€20,985
up €20,985 (+5.2%), from €401,163 to €422,148
- Services and other goods -€14,027
down €14,027 (-62.5%), from €22,448 to €8,421
- Depreciation +€14,013
up €14,013 (+7.3%), from €192,940 to €206,953
- Taxes +€5,537
up €5,537 (+17.8%), from €31,183 to €36,720
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.
Result 2024
€68,337
Turnover
+€20,985
Services and other goods
+€14,027
Depreciation
-€14,013
Other operating charges
-€1,027
Financial income
-€1,704
Financial charges
+€3,881
Taxes
-€5,537
Result 2025
€84,949
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€303,585
Investment
-€111,801
Financing
-€248,928
Cash 2024
€100,386
From operations (derived)
+€303,585
Net result for the year
+€84,949
Depreciation
+€206,953
Receivables within one year
+€3,817
Provisions
-€12,208
Trade debts
-€31,720
Tax, wage and social debts
+€1,720
Other debts
+€40,311
Accrued charges and deferred income
+€9,763
Investment (derived)
-€111,801
Investment in fixed assets (net)
-€111,801
Financing
-€248,928
Debts after one year
-€248,928
Cash 2025
€43,241
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,997,403 | €5,841,289 | -€156,113 | -2.6% |
| Fixed assets | 21/28 | €5,856,187 | €5,761,035 | -€95,152 | -1.6% |
| Tangible fixed assets | 22/27 | €1,852,142 | €1,645,190 | -€206,953 | -11.2% |
| Land and buildings | 22 | €1,852,142 | €1,645,190 | -€206,953 | -11.2% |
| Financial fixed assets | 28 | €4,004,044 | €4,115,845 | +€111,801 | +2.8% |
| Affiliated companies | 280/1 | €4,004,044 | €4,115,845 | +€111,801 | +2.8% |
| Participating interests | 280 | €3,113,588 | €3,113,588 | = | 0.0% |
| Amounts receivable | 281 | €890,456 | €1,002,257 | +€111,801 | +12.6% |
| Current assets | 29/58 | €141,216 | €80,254 | -€60,962 | -43.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €40,830 | €37,014 | -€3,817 | -9.3% |
| Trade receivables | 40 | €37,014 | €37,014 | = | 0.0% |
| Other amounts receivable | 41 | €3,817 | €0 | -€3,817 | -100% |
| Cash at bank and in hand | 54/58 | €100,386 | €43,241 | -€57,145 | -56.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,997,403 | €5,841,289 | -€156,113 | -2.6% |
| Equity | 10/15 | €2,241,476 | €2,326,425 | +€84,949 | +3.8% |
| Contributions | 10/11 | €451,538 | €451,538 | = | 0.0% |
| Capital | 10 | €451,538 | €451,538 | = | 0.0% |
| Issued capital | 100 | €451,538 | €451,538 | = | 0.0% |
| Reserves | 13 | €352,876 | €327,663 | -€25,213 | -7.1% |
| Non-distributable reserves | 130/1 | €45,154 | €45,154 | = | 0.0% |
| Legal reserve | 130 | €45,154 | €45,154 | = | 0.0% |
| Tax-exempt reserves | 132 | €307,498 | €282,285 | -€25,213 | -8.2% |
| Distributable reserves | 133 | €224 | €224 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,437,062 | €1,547,224 | +€110,161 | +7.7% |
| Provisions and deferred taxes | 16 | €144,244 | €132,035 | -€12,208 | -8.5% |
| Deferred taxes | 168 | €144,244 | €132,035 | -€12,208 | -8.5% |
| Amounts payable | 17/49 | €3,611,683 | €3,382,829 | -€228,854 | -6.3% |
| Amounts payable after more than one year | 17 | €2,121,846 | €1,872,917 | -€248,928 | -11.7% |
| Financial debts | 170/4 | €2,121,846 | €1,872,917 | -€248,928 | -11.7% |
| Credit institutions | 173 | €2,121,846 | €1,872,917 | -€248,928 | -11.7% |
| Amounts payable within one year | 42/48 | €1,090,869 | €1,101,182 | +€10,312 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €248,928 | €248,928 | = | 0.0% |
| Trade debts | 44 | €32,092 | €372 | -€31,720 | -98.8% |
| Suppliers | 440/4 | €32,092 | €372 | -€31,720 | -98.8% |
| Taxes, remuneration and social security | 45 | €4,688 | €6,408 | +€1,720 | +36.7% |
| Taxes | 450/3 | €4,688 | €6,408 | +€1,720 | +36.7% |
| Other amounts payable | 47/48 | €805,162 | €845,473 | +€40,311 | +5.0% |
| Accrued charges and deferred income | 492/3 | €398,968 | €408,730 | +€9,763 | +2.4% |
| Operating income | 70/76A | €401,163 | €422,148 | +€20,985 | +5.2% |
| Turnover | 70 | €401,163 | €422,148 | +€20,985 | +5.2% |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €248,841 | €249,854 | +€1,013 | +0.4% |
| Services and other goods | 61 | €22,448 | €8,421 | -€14,027 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,940 | €206,953 | +€14,013 | +7.3% |
| Other operating charges | 640/8 | €33,453 | €34,480 | +€1,027 | +3.1% |
| Operating profit (loss) | 9901 | €152,323 | €172,294 | +€19,971 | +13.1% |
| Financial income | 75/76B | €28,742 | €27,038 | -€1,704 | -5.9% |
| Recurring financial income | 75 | €28,742 | €27,038 | -€1,704 | -5.9% |
| Income from current assets | 751 | €28,558 | €27,038 | -€1,520 | -5.3% |
| Other financial income | 752/9 | €184 | €0 | -€184 | -100% |
| Financial charges | 65/66B | €93,753 | €89,872 | -€3,881 | -4.1% |
| Recurring financial charges | 65 | €93,753 | €89,872 | -€3,881 | -4.1% |
| Debt charges | 650 | €92,959 | €89,171 | -€3,788 | -4.1% |
| Other financial charges | 652/9 | €793 | €701 | -€93 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €87,312 | €109,461 | +€22,149 | +25.4% |
| Transfer from deferred taxes | 780 | €12,208 | €12,208 | = | 0.0% |
| Income taxes | 67/77 | €31,183 | €36,720 | +€5,537 | +17.8% |
| Taxes | 670/3 | €31,183 | €36,720 | +€5,537 | +17.8% |
| Profit (loss) for the period | 9904 | €68,337 | €84,949 | +€16,611 | +24.3% |
| Transfer from tax-exempt reserves | 789 | €25,213 | €25,213 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,550 | €110,161 | +€16,611 | +17.8% |
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 15 October 2026 via checked.be.