IMMOQUIN: what changed
Two fiscal 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
IMMOQUIN
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,270
2024 · €65,450-€21,181
Equity
€1.1m
2024 · €1.1m-€13,006
Cash
€159,529
2024 · €89,530+€69,999
Balance sheet total
€1.4m
2024 · €1.4m+€19,469
Largest movements
Assets
- Cash +€69,999
up €69,999 (+78.2%), from €89,530 to €159,529
mainly Depreciation (+€57,824) and Net result for the year (+€44,270)
- Tangible fixed assets -€56,665
down €56,665 (-4.3%), from €1.3m to €1.3m
of which Land and buildings: -€48,220
Equity and liabilities
- Other debts +€42,269
up €42,269 (+53.9%), from €78,400 to €120,669
Income statement
- Staff costs +€29,152
up €29,152 (+64.5%), from €45,204 to €74,356
- Gross operating margin +€7,458
up €7,458 (+3.7%), from €201,138 to €208,596
- Taxes -€6,349
down €6,349 (-23.6%), from €26,897 to €20,549
- Depreciation +€2,815
up €2,815 (+5.1%), from €55,008 to €57,824
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
€65,450
Gross operating margin
+€7,458
Staff costs
-€29,152
Depreciation
-€2,815
Other operating charges
-€436
Financial income
-€750
Financial charges
-€1,834
Taxes
+€6,349
Result 2025
€44,270
Cash bridge derived
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
+€128,432
Investment
-€1,158
Financing
-€57,275
Cash 2024
€89,530
From operations (derived)
+€128,432
Net result for the year
+€44,270
Depreciation
+€57,824
Receivables within one year
-€6,687
Deferred charges and accrued income
+€552
Provisions
-€4,335
Trade debts
-€8,776
Tax, wage and social debts
+€54
Other debts
+€42,269
Accrued charges and deferred income
+€3,263
Investment (derived)
-€1,158
Investment in fixed assets (net)
-€1,158
Current investments
+€0
Financing
-€57,275
Contributions, distributions and other
-€57,275
Cash 2025
€159,529
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,421,846 | €1,441,315 | +€19,469 | +1.4% |
| Fixed assets | 21/28 | €1,310,677 | €1,254,012 | -€56,665 | -4.3% |
| Tangible fixed assets | 22/27 | €1,310,677 | €1,254,012 | -€56,665 | -4.3% |
| Land and buildings | 22 | €1,268,349 | €1,220,129 | -€48,220 | -3.8% |
| Plant, machinery and equipment | 23 | €10,396 | €9,549 | -€847 | -8.2% |
| Furniture and vehicles | 24 | €31,932 | €24,334 | -€7,598 | -23.8% |
| Current assets | 29/58 | €111,169 | €187,303 | +€76,134 | +68.5% |
| Amounts receivable within one year | 40/41 | €15,173 | €21,860 | +€6,687 | +44.1% |
| Trade receivables | 40 | €11,559 | €15,157 | +€3,598 | +31.1% |
| Other amounts receivable | 41 | €3,614 | €6,703 | +€3,089 | +85.5% |
| Current investments | 50/53 | €61 | €61 | -€0 | -0.6% |
| Cash at bank and in hand | 54/58 | €89,530 | €159,529 | +€69,999 | +78.2% |
| Deferred charges and accrued income | 490/1 | €6,405 | €5,853 | -€552 | -8.6% |
| Total equity and liabilities | 10/49 | €1,421,846 | €1,441,315 | +€19,469 | +1.4% |
| Equity | 10/15 | €1,089,894 | €1,076,888 | -€13,006 | -1.2% |
| Contributions | 10/11 | €754,070 | €754,070 | = | 0.0% |
| Capital | 10 | €754,000 | €754,000 | = | 0.0% |
| Issued capital | 100 | €754,000 | €754,000 | = | 0.0% |
| Outside capital | 11 | €70 | €70 | = | 0.0% |
| Share premium | 1100/10 | €70 | €70 | = | 0.0% |
| Reserves | 13 | €335,825 | €322,819 | -€13,006 | -3.9% |
| Non-distributable reserves | 130/1 | €75,400 | €75,400 | = | 0.0% |
| Legal reserve | 130 | €75,400 | €75,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €246,410 | €233,404 | -€13,006 | -5.3% |
| Distributable reserves | 133 | €14,014 | €14,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €136,423 | €132,087 | -€4,335 | -3.2% |
| Deferred taxes | 168 | €136,423 | €132,087 | -€4,335 | -3.2% |
| Amounts payable | 17/49 | €195,530 | €232,339 | +€36,810 | +18.8% |
| Amounts payable within one year | 42/48 | €101,347 | €134,894 | +€33,547 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,757 | €981 | -€8,776 | -89.9% |
| Suppliers | 440/4 | €9,757 | €981 | -€8,776 | -89.9% |
| Taxes, remuneration and social security | 45 | €13,190 | €13,244 | +€54 | +0.4% |
| Taxes | 450/3 | €5,723 | €2,419 | -€3,305 | -57.7% |
| Remuneration and social security | 454/9 | €7,467 | €10,825 | +€3,359 | +45.0% |
| Other amounts payable | 47/48 | €78,400 | €120,669 | +€42,269 | +53.9% |
| Accrued charges and deferred income | 492/3 | €94,183 | €97,445 | +€3,263 | +3.5% |
| Non-recurring operating income | 76A | €8,804 | €8,989 | +€185 | +2.1% |
| Remuneration, social security and pensions | 62 | €45,204 | €74,356 | +€29,152 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,008 | €57,824 | +€2,815 | +5.1% |
| Other operating charges | 640/8 | €13,825 | €14,261 | +€436 | +3.2% |
| Gross operating margin | 9900 | €201,138 | €208,596 | +€7,458 | +3.7% |
| Operating profit (loss) | 9901 | €87,100 | €62,155 | -€24,945 | -28.6% |
| Financial income | 75/76B | €1,957 | €1,207 | -€750 | -38.3% |
| Recurring financial income | 75 | €1,957 | €1,207 | -€750 | -38.3% |
| Financial charges | 65/66B | €1,046 | €2,879 | +€1,834 | +175.4% |
| Recurring financial charges | 65 | €1,046 | €2,879 | +€1,834 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | €88,012 | €60,483 | -€27,529 | -31.3% |
| Transfer from deferred taxes | 780 | €4,335 | €4,335 | = | 0.0% |
| Income taxes | 67/77 | €26,897 | €20,549 | -€6,349 | -23.6% |
| Profit (loss) for the period | 9904 | €65,450 | €44,270 | -€21,181 | -32.4% |
| Transfer from tax-exempt reserves | 789 | €13,006 | €13,006 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,456 | €57,275 | -€21,181 | -27.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.