IMMOKIDO: 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
IMMOKIDO
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
€513,738
2024 · €680,550-€166,812
Equity
€15.8m
2024 · €15.3m+€513,738
Cash
€236,360
2024 · €549,514-€313,154
Balance sheet total
€40.1m
2024 · €44.2m-€4.0m
Largest movements
Assets
- Receivables within one year -€4.5m
down €4.5m (-97.1%), from €4.6m to €136,062
of which Other amounts receivable: -€4.6m
- Financial fixed assets +€1.7m
up €1.7m (+785%), from €214,880 to €1.9m
- Tangible fixed assets -€936,631
down €936,631 (-2.4%), from €38.8m to €37.8m
Equity and liabilities
- Short-term financial debts -€4.7m
no longer reported in 2025 (was €4.7m)
- Reserves +€515,291
up €515,291 (+13.9%), from €3.7m to €4.2m
of which Distributable reserves: +€510,000
Income statement
- Gross operating margin +€1.3m
up €1.3m (+84.8%), from €1.5m to €2.8m
- Depreciation +€625,379
up €625,379 (+169%), from €369,368 to €994,747
- Financial charges +€568,987
up €568,987 (+153%), from €371,428 to €940,416
- Financial income -€202,332
down €202,332 (-79.3%), from €255,090 to €52,759
- Taxes +€97,728
up €97,728 (+66.6%), from €146,709 to €244,437
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
€680,550
Gross operating margin
+€1.3m
Depreciation
-€625,379
Other operating charges
-€54,717
Financial income
-€202,332
Financial charges
-€568,987
Taxes
-€97,728
Deferred taxes and other
+€107,933
Result 2025
€513,738
raises the resultlowers the resultnot broken down further in the accounts
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
+€5.7m
Investment
-€1.7m
Financing
-€4.3m
Cash 2024
€549,514
From operations (derived)
+€5.7m
Net result for the year
+€513,738
Depreciation
+€994,747
Receivables within one year
+€4.5m
Deferred charges and accrued income
-€21,428
Provisions
-€28,392
Trade debts
-€183,378
Tax, wage and social debts
+€75,238
Accrued charges and deferred income
-€126,524
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€4.3m
Debts after one year
+€366,674
Current portion of long-term debt
+€4,422
Short-term financial debts
-€4.7m
Cash 2025
€236,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,162,165 | €40,132,441 | -€4.0m | -9.1% |
| Fixed assets | 21/28 | €38,977,318 | €39,727,020 | +€749,702 | +1.9% |
| Intangible fixed assets | 21 | €2,005 | €1,418 | -€587 | -29.3% |
| Tangible fixed assets | 22/27 | €38,760,433 | €37,823,802 | -€936,631 | -2.4% |
| Land and buildings | 22 | €38,760,433 | €37,823,802 | -€936,631 | -2.4% |
| Financial fixed assets | 28 | €214,880 | €1,901,800 | +€1.7m | +785% |
| Current assets | 29/58 | €5,184,847 | €405,422 | -€4.8m | -92.2% |
| Amounts receivable within one year | 40/41 | €4,623,761 | €136,062 | -€4.5m | -97.1% |
| Trade receivables | 40 | €14,327 | €78,663 | +€64,336 | +449% |
| Other amounts receivable | 41 | €4,609,434 | €57,399 | -€4.6m | -98.8% |
| Cash at bank and in hand | 54/58 | €549,514 | €236,360 | -€313,154 | -57.0% |
| Deferred charges and accrued income | 490/1 | €11,572 | €33,000 | +€21,428 | +185% |
| Total equity and liabilities | 10/49 | €44,162,165 | €40,132,441 | -€4.0m | -9.1% |
| Equity | 10/15 | €15,320,922 | €15,834,660 | +€513,738 | +3.4% |
| Contributions | 10/11 | €11,611,000 | €11,611,000 | = | 0.0% |
| Capital | 10 | €11,611,000 | €11,611,000 | = | 0.0% |
| Issued capital | 100 | €11,611,000 | €11,611,000 | = | 0.0% |
| Reserves | 13 | €3,701,091 | €4,216,382 | +€515,291 | +13.9% |
| Non-distributable reserves | 130/1 | €370,000 | €450,000 | +€80,000 | +21.6% |
| Legal reserve | 130 | €370,000 | €450,000 | +€80,000 | +21.6% |
| Tax-exempt reserves | 132 | €1,541,091 | €1,466,382 | -€74,709 | -4.8% |
| Distributable reserves | 133 | €1,790,000 | €2,300,000 | +€510,000 | +28.5% |
| Profit (loss) carried forward | 14 | €8,831 | €7,278 | -€1,553 | -17.6% |
| Provisions and deferred taxes | 16 | €541,609 | €513,217 | -€28,392 | -5.2% |
| Deferred taxes | 168 | €541,609 | €513,217 | -€28,392 | -5.2% |
| Amounts payable | 17/49 | €28,299,634 | €23,784,564 | -€4.5m | -16.0% |
| Amounts payable after more than one year | 17 | €21,968,205 | €22,334,879 | +€366,674 | +1.7% |
| Financial debts | 170/4 | €21,968,205 | €22,334,879 | +€366,674 | +1.7% |
| Amounts payable within one year | 42/48 | €6,202,904 | €1,447,686 | -€4.8m | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €1,328,904 | €1,333,326 | +€4,422 | +0.3% |
| Financial debts | 43 | €4,651,500 | - | -€4.7m | |
| Credit institutions | 430/8 | €4,651,500 | - | -€4.7m | |
| Trade debts | 44 | €222,500 | €39,122 | -€183,378 | -82.4% |
| Suppliers | 440/4 | €222,500 | €39,122 | -€183,378 | -82.4% |
| Taxes, remuneration and social security | 45 | - | €75,238 | +€75,238 | |
| Taxes | 450/3 | - | €75,238 | +€75,238 | |
| Accrued charges and deferred income | 492/3 | €128,524 | €2,000 | -€126,524 | -98.4% |
| Non-recurring operating income | 76A | €357,739 | - | -€357,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,368 | €994,747 | +€625,379 | +169% |
| Other operating charges | 640/8 | €111,017 | €165,734 | +€54,717 | +49.3% |
| Gross operating margin | 9900 | €1,503,523 | €2,777,922 | +€1.3m | +84.8% |
| Operating profit (loss) | 9901 | €1,023,138 | €1,617,440 | +€594,302 | +58.1% |
| Financial income | 75/76B | €255,090 | €52,759 | -€202,332 | -79.3% |
| Recurring financial income | 75 | €255,090 | €52,759 | -€202,332 | -79.3% |
| Financial charges | 65/66B | €371,428 | €940,416 | +€568,987 | +153% |
| Recurring financial charges | 65 | €371,428 | €940,416 | +€568,987 | +153% |
| Profit (loss) for the period before taxes | 9903 | €906,800 | €729,783 | -€177,017 | -19.5% |
| Transfer from deferred taxes | 780 | €9,894 | €28,392 | +€18,498 | +187% |
| Transfer to deferred taxes | 680 | €89,435 | - | -€89,435 | |
| Income taxes | 67/77 | €146,709 | €244,437 | +€97,728 | +66.6% |
| Profit (loss) for the period | 9904 | €680,550 | €513,738 | -€166,812 | -24.5% |
| Transfer from tax-exempt reserves | 789 | €19,214 | €74,709 | +€55,495 | +289% |
| Transfer to tax-exempt reserves | 689 | €268,304 | - | -€268,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €431,459 | €588,447 | +€156,987 | +36.4% |
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 20 October 2026 via checked.be.