IMMOSTEF BELGIQUE: what changed
What changed
IMMOSTEF BELGIQUE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €849,471+€435,639
Equity
€48.5m
2024 · €47.2m+€1.3m
Cash
-
not filed
Balance sheet total
€49.9m
2024 · €48.5m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+4.0%), from €41.4m to €43.0m
of which Assets under construction and advance payments: +€1.7m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+20.7%), from €5.9m to €7.1m
- Other debts +€585,730
new in 2025: €585,730
Income statement
- Gross operating margin +€576,893
up €576,893 (+19.3%), from €3.0m to €3.6m
- Financial income -€129,998
down €129,998 (-71.8%), from €181,115 to €51,117
of which Financial income: -€179,202
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
€849,471
Gross operating margin
+€576,893
Depreciation
-€17,127
Write-downs
-€714
Financial income
-€129,998
Financial charges
-€4,255
Taxes
+€10,839
Result 2025
€1.3m
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,460,707 | €49,866,837 | +€1.4m | +2.9% |
| Fixed assets | 21/28 | €47,772,342 | €49,569,867 | +€1.8m | +3.8% |
| Tangible fixed assets | 22/27 | €41,367,015 | €43,034,857 | +€1.7m | +4.0% |
| Land and buildings | 22 | €29,601,201 | €29,122,521 | -€478,679 | -1.6% |
| Plant, machinery and equipment | 23 | €3,786,082 | €4,183,065 | +€396,983 | +10.5% |
| Furniture and vehicles | 24 | €309,663 | €344,795 | +€35,133 | +11.3% |
| Assets under construction and advance payments | 27 | €7,670,069 | €9,384,475 | +€1.7m | +22.4% |
| Financial fixed assets | 28 | €6,405,326 | €6,535,010 | +€129,684 | +2.0% |
| Current assets | 29/58 | €688,365 | €296,971 | -€391,394 | -56.9% |
| Amounts receivable within one year | 40/41 | €688,365 | €296,971 | -€391,394 | -56.9% |
| Trade receivables | 40 | €350,004 | €217,717 | -€132,287 | -37.8% |
| Other amounts receivable | 41 | €338,362 | €79,254 | -€259,108 | -76.6% |
| Total equity and liabilities | 10/49 | €48,460,707 | €49,866,837 | +€1.4m | +2.9% |
| Equity | 10/15 | €47,229,388 | €48,514,497 | +€1.3m | +2.7% |
| Contributions | 10/11 | €39,427,936 | €39,427,936 | = | 0.0% |
| Capital | 10 | €39,379,707 | €39,379,707 | = | 0.0% |
| Issued capital | 100 | €39,379,707 | €39,379,707 | = | 0.0% |
| Contributions outside capital | 11 | €48,229 | €48,229 | = | 0.0% |
| Share premium | 1100/10 | €48,229 | €48,229 | = | 0.0% |
| Reserves | 13 | €602,236 | €666,491 | +€64,255 | +10.7% |
| Non-distributable reserves | 130/1 | €455,975 | €520,231 | +€64,255 | +14.1% |
| Legal reserve | 130 | €455,975 | €520,231 | +€64,255 | +14.1% |
| Tax-exempt reserves | 132 | €146,260 | €146,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,894,701 | €7,115,555 | +€1.2m | +20.7% |
| Investment grants | 15 | €1,304,515 | €1,304,515 | = | 0.0% |
| Provisions and deferred taxes | 16 | €224,582 | €224,582 | = | 0.0% |
| Deferred taxes | 168 | €224,582 | €224,582 | = | 0.0% |
| Amounts payable | 17/49 | €1,006,737 | €1,127,759 | +€121,021 | +12.0% |
| Amounts payable within one year | 42/48 | €1,006,737 | €1,127,759 | +€121,021 | +12.0% |
| Trade debts | 44 | €723,580 | €502,672 | -€220,909 | -30.5% |
| Suppliers | 440/4 | €723,580 | €502,672 | -€220,909 | -30.5% |
| Taxes, remuneration and social security | 45 | €283,157 | €39,357 | -€243,800 | -86.1% |
| Taxes | 450/3 | €283,157 | €39,357 | -€243,800 | -86.1% |
| Other amounts payable | 47/48 | - | €585,730 | +€585,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027,815 | €2,044,942 | +€17,127 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €714 | +€714 | |
| Gross operating margin | 9900 | €2,994,928 | €3,571,822 | +€576,893 | +19.3% |
| Operating profit (loss) | 9901 | €967,113 | €1,526,166 | +€559,053 | +57.8% |
| Financial income | 75/76B | €181,115 | €51,117 | -€129,998 | -71.8% |
| Recurring financial income | 75 | €181,115 | €1,913 | -€179,202 | -98.9% |
| Non-recurring financial income | 76B | - | €49,204 | +€49,204 | |
| Financial charges | 65/66B | €15,601 | €19,856 | +€4,255 | +27.3% |
| Recurring financial charges | 65 | €4,503 | €14,584 | +€10,081 | +224% |
| Non-recurring financial charges | 66B | €11,098 | €5,272 | -€5,826 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €1,132,628 | €1,557,427 | +€424,799 | +37.5% |
| Income taxes | 67/77 | €283,157 | €272,318 | -€10,839 | -3.8% |
| Profit (loss) for the period | 9904 | €849,471 | €1,285,109 | +€435,639 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €849,471 | €1,285,109 | +€435,639 | +51.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.