Immorank en Co: 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
Immorank en Co
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €110,466+€1.6m
Equity
€3.2m
2024 · €1.5m+€1.7m
Cash
€2.0m
2024 · €442,611+€1.6m
Balance sheet total
€4.3m
2024 · €2.9m+€1.4m
Largest movements
Assets
- Cash +€1.6m
up €1.6m (+354%), from €442,611 to €2.0m
mainly Net result for the year (+€1.7m) and Provisions (+€667,744)
- Tangible fixed assets -€189,712
down €189,712 (-7.8%), from €2.4m to €2.2m
of which Land and buildings: -€181,228
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+158%), from €1.1m to €2.8m
of which Tax-exempt reserves: +€2.0m
- Other debts -€967,642
down €967,642 (-95.9%), from €1.0m to €41,621
- Provisions +€667,744
up €667,744 (+273%), from €244,522 to €912,267
Income statement
- Gross operating margin +€2.3m
up €2.3m (+1,034%), from €224,275 to €2.5m
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
€110,466
Gross operating margin
+€2.3m
Staff costs
+€6,156
Depreciation
+€2,771
Other operating charges
+€11,214
Financial income
+€14,615
Financial charges
-€22,790
Taxes
+€215
Deferred taxes and other
-€719,769
Result 2025
€1.7m
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
+€1.5m
Investment
+€109,840
Financing
-€23,771
Cash 2024
€442,611
From operations (derived)
+€1.5m
Net result for the year
+€1.7m
Depreciation
+€79,872
Receivables within one year
-€31,500
Smaller working-capital items
+€3,108
Provisions
+€667,744
Trade debts
+€7,022
Other debts
-€967,642
Investment (derived)
+€109,840
Investment in fixed assets (net)
+€109,840
Financing
-€23,771
Debts after one year
-€24,228
Current portion of long-term debt
+€456
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,866,224 | €4,274,996 | +€1.4m | +49.2% |
| Fixed assets | 21/28 | €2,422,715 | €2,233,003 | -€189,712 | -7.8% |
| Tangible fixed assets | 22/27 | €2,421,455 | €2,231,743 | -€189,712 | -7.8% |
| Land and buildings | 22 | €2,194,458 | €2,013,229 | -€181,228 | -8.3% |
| Plant, machinery and equipment | 23 | €171,269 | €176,294 | +€5,025 | +2.9% |
| Furniture and vehicles | 24 | €25,221 | €42,219 | +€16,998 | +67.4% |
| Other tangible fixed assets | 26 | €30,507 | €0 | -€30,507 | -100% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €443,509 | €2,041,993 | +€1.6m | +360% |
| Amounts receivable within one year | 40/41 | €873 | €32,373 | +€31,500 | +3,608% |
| Other amounts receivable | 41 | €873 | €32,373 | +€31,500 | +3,608% |
| Cash at bank and in hand | 54/58 | €442,611 | €2,009,486 | +€1.6m | +354% |
| Deferred charges and accrued income | 490/1 | €25 | €134 | +€109 | +442% |
| Total equity and liabilities | 10/49 | €2,866,224 | €4,274,996 | +€1.4m | +49.2% |
| Equity | 10/15 | €1,453,294 | €3,175,497 | +€1.7m | +119% |
| Contributions | 10/11 | €360,685 | €360,685 | = | 0.0% |
| Capital | 10 | €360,685 | €360,685 | = | 0.0% |
| Issued capital | 100 | €360,685 | €360,685 | = | 0.0% |
| Reserves | 13 | €1,092,609 | €2,814,812 | +€1.7m | +158% |
| Non-distributable reserves | 130/1 | €54,379 | €54,379 | = | 0.0% |
| Legal reserve | 130 | €36,069 | €36,069 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,310 | €18,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €733,567 | €2,736,800 | +€2.0m | +273% |
| Distributable reserves | 133 | €304,663 | €23,633 | -€281,030 | -92.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €244,522 | €912,267 | +€667,744 | +273% |
| Deferred taxes | 168 | €244,522 | €912,267 | +€667,744 | +273% |
| Amounts payable | 17/49 | €1,168,408 | €187,233 | -€981,175 | -84.0% |
| Amounts payable after more than one year | 17 | €121,488 | €97,261 | -€24,228 | -19.9% |
| Financial debts | 170/4 | €121,488 | €97,261 | -€24,228 | -19.9% |
| Amounts payable within one year | 42/48 | €1,040,457 | €80,579 | -€959,879 | -92.3% |
| Current portion of amounts payable after more than one year | 42 | €23,771 | €24,228 | +€456 | +1.9% |
| Trade debts | 44 | €4,602 | €11,624 | +€7,022 | +153% |
| Suppliers | 440/4 | €4,602 | €11,624 | +€7,022 | +153% |
| Taxes, remuneration and social security | 45 | €2,820 | €3,106 | +€286 | +10.1% |
| Taxes | 450/3 | €415 | €0 | -€415 | -100% |
| Remuneration and social security | 454/9 | €2,405 | €3,106 | +€701 | +29.1% |
| Other amounts payable | 47/48 | €1,009,263 | €41,621 | -€967,642 | -95.9% |
| Accrued charges and deferred income | 492/3 | €6,462 | €9,393 | +€2,931 | +45.4% |
| Remuneration, social security and pensions | 62 | €48,269 | €42,113 | -€6,156 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,643 | €79,872 | -€2,771 | -3.4% |
| Other operating charges | 640/8 | €23,213 | €11,999 | -€11,214 | -48.3% |
| Gross operating margin | 9900 | €224,275 | €2,543,599 | +€2.3m | +1,034% |
| Operating profit (loss) | 9901 | €70,150 | €2,409,615 | +€2.3m | +3,335% |
| Financial income | 75/76B | €3,648 | €18,264 | +€14,615 | +401% |
| Recurring financial income | 75 | €3,648 | €18,264 | +€14,615 | +401% |
| Financial charges | 65/66B | €15,136 | €37,926 | +€22,790 | +151% |
| Recurring financial charges | 65 | €15,136 | €37,926 | +€22,790 | +151% |
| Profit (loss) for the period before taxes | 9903 | €58,662 | €2,389,952 | +€2.3m | +3,974% |
| Transfer from deferred taxes | 780 | €52,024 | €11,269 | -€40,755 | -78.3% |
| Transfer to deferred taxes | 680 | - | €679,014 | +€679,014 | |
| Income taxes | 67/77 | €220 | €5 | -€215 | -97.6% |
| Profit (loss) for the period | 9904 | €110,466 | €1,722,202 | +€1.6m | +1,459% |
| Transfer from tax-exempt reserves | 789 | €156,073 | €33,808 | -€122,264 | -78.3% |
| Transfer to tax-exempt reserves | 689 | - | €2,037,041 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €266,539 | -€281,030 | -€547,569 |
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 24 October 2026 via checked.be.