IMROCO: 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
IMROCO
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€410,308
2024 · €320,853+€89,456
Equity
€19.8m
2024 · €20.0m-€139,692
Cash
€371,781
2024 · €87,355+€284,426
Balance sheet total
€47.4m
2024 · €43.1m+€4.3m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+13.0%), from €19.6m to €22.1m
of which Land and buildings: +€2.6m
- Receivables within one year +€1.5m
up €1.5m (+18.9%), from €7.9m to €9.4m
of which Other amounts receivable: +€849,996
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+12.0%), from €20.2m to €22.6m
of which Financial debts: +€2.4m
- Current portion of long-term debt +€887,560
up €887,560 (+124.9%), from €710,756 to €1.6m
- Other debts +€639,204
up €639,204 (+83.6%), from €764,292 to €1.4m
Income statement
- Financial charges -€82,683
down €82,683 (-7.2%), from €1.2m to €1.1m
of which Financial charges: -€122,683
- Financial income +€67,179
up €67,179 (+14.6%), from €460,490 to €527,669
- Taxes +€37,668
up €37,668 (+465.3%), from €8,095 to €45,764
- Gross operating margin -€29,473
down €29,473 (-2.0%), from €1.4m to €1.4m
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
€320,853
Gross operating margin
-€29,473
Depreciation
-€3,535
Other operating charges
+€10,271
Financial income
+€67,179
Financial charges
+€82,683
Taxes
-€37,668
Result 2025
€410,308
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
+€315,164
Investment
-€2.8m
Financing
+€2.7m
Cash 2024
€87,355
From operations (derived)
+€315,164
Net result for the year
+€410,308
Depreciation
+€264,062
Receivables within one year
-€1.5m
Deferred charges and accrued income
+€25,000
Trade debts
+€217,707
Tax, wage and social debts
+€5,789
Advances received
+€298,613
Other debts
+€639,204
Accrued charges and deferred income
-€57,969
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
+€2.7m
Debts after one year
+€2.4m
Current portion of long-term debt
+€887,560
Short-term financial debts
-€3,000
Contributions, distributions and other
-€550,000
Cash 2025
€371,781
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,131,266 | €47,394,240 | +€4.3m | +9.9% |
| Fixed assets | 21/28 | €35,137,745 | €37,653,744 | +€2.5m | +7.2% |
| Tangible fixed assets | 22/27 | €19,590,248 | €22,146,246 | +€2.6m | +13.0% |
| Land and buildings | 22 | €19,532,932 | €22,097,619 | +€2.6m | +13.1% |
| Plant, machinery and equipment | 23 | €50,589 | €45,264 | -€5,325 | -10.5% |
| Furniture and vehicles | 24 | €6,726 | €3,363 | -€3,363 | -50.0% |
| Financial fixed assets | 28 | €15,547,498 | €15,507,498 | -€40,000 | -0.3% |
| Current assets | 29/58 | €7,993,520 | €9,740,497 | +€1.7m | +21.9% |
| Amounts receivable within one year | 40/41 | €7,881,165 | €9,368,716 | +€1.5m | +18.9% |
| Trade receivables | 40 | €169,952 | €807,506 | +€637,554 | +375.1% |
| Other amounts receivable | 41 | €7,711,213 | €8,561,209 | +€849,996 | +11.0% |
| Cash at bank and in hand | 54/58 | €87,355 | €371,781 | +€284,426 | +325.6% |
| Deferred charges and accrued income | 490/1 | €25,000 | - | -€25,000 | |
| Total equity and liabilities | 10/49 | €43,131,266 | €47,394,240 | +€4.3m | +9.9% |
| Equity | 10/15 | €19,957,773 | €19,818,081 | -€139,692 | -0.7% |
| Contributions | 10/11 | €521,469 | €521,469 | = | 0.0% |
| Capital | 10 | €521,469 | €521,469 | = | 0.0% |
| Issued capital | 100 | €521,469 | €521,469 | = | 0.0% |
| Revaluation surpluses | 12 | €13,607,329 | €13,607,329 | = | 0.0% |
| Reserves | 13 | €5,828,975 | €5,689,283 | -€139,692 | -2.4% |
| Non-distributable reserves | 130/1 | €185,277 | €185,277 | = | 0.0% |
| Legal reserve | 130 | €185,000 | €185,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €277 | €277 | = | 0.0% |
| Tax-exempt reserves | 132 | €357,850 | €210,500 | -€147,350 | -41.2% |
| Distributable reserves | 133 | €5,285,848 | €5,293,506 | +€7,658 | +0.1% |
| Amounts payable | 17/49 | €23,173,493 | €27,576,160 | +€4.4m | +19.0% |
| Amounts payable after more than one year | 17 | €20,193,393 | €22,608,155 | +€2.4m | +12.0% |
| Financial debts | 170/4 | €20,185,658 | €22,598,096 | +€2.4m | +12.0% |
| Other amounts payable | 178/9 | €7,735 | €10,058 | +€2,323 | +30.0% |
| Amounts payable within one year | 42/48 | €2,258,392 | €4,304,265 | +€2.0m | +90.6% |
| Current portion of amounts payable after more than one year | 42 | €710,756 | €1,598,316 | +€887,560 | +124.9% |
| Financial debts | 43 | €153,021 | €150,021 | -€3,000 | -2.0% |
| Other loans | 439 | €153,021 | €150,021 | -€3,000 | -2.0% |
| Trade debts | 44 | €350,558 | €568,266 | +€217,707 | +62.1% |
| Suppliers | 440/4 | €350,558 | €568,266 | +€217,707 | +62.1% |
| Advances received on contracts in progress | 46 | €93,636 | €392,248 | +€298,613 | +318.9% |
| Taxes, remuneration and social security | 45 | €186,128 | €191,918 | +€5,789 | +3.1% |
| Taxes | 450/3 | €138,225 | €144,014 | +€5,789 | +4.2% |
| Remuneration and social security | 454/9 | €47,904 | €47,904 | = | 0.0% |
| Other amounts payable | 47/48 | €764,292 | €1,403,496 | +€639,204 | +83.6% |
| Accrued charges and deferred income | 492/3 | €721,709 | €663,740 | -€57,969 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,527 | €264,062 | +€3,535 | +1.4% |
| Other operating charges | 640/8 | €158,650 | €148,380 | -€10,271 | -6.5% |
| Gross operating margin | 9900 | €1,440,407 | €1,410,934 | -€29,473 | -2.0% |
| Operating profit (loss) | 9901 | €1,021,230 | €998,492 | -€22,737 | -2.2% |
| Financial income | 75/76B | €460,490 | €527,669 | +€67,179 | +14.6% |
| Recurring financial income | 75 | €460,490 | €527,669 | +€67,179 | +14.6% |
| Financial charges | 65/66B | €1,152,771 | €1,070,089 | -€82,683 | -7.2% |
| Recurring financial charges | 65 | €1,152,771 | €1,030,089 | -€122,683 | -10.6% |
| Non-recurring financial charges | 66B | - | €40,000 | +€40,000 | |
| Profit (loss) for the period before taxes | 9903 | €328,948 | €456,072 | +€127,124 | +38.6% |
| Income taxes | 67/77 | €8,095 | €45,764 | +€37,668 | +465.3% |
| Profit (loss) for the period | 9904 | €320,853 | €410,308 | +€89,456 | +27.9% |
| Transfer from tax-exempt reserves | 789 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €320,853 | €557,658 | +€236,806 | +73.8% |
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 8 October 2026 via checked.be.