Innebel: what changed
What changed
Innebel
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€211,686
2024 · €264,528-€52,842
Equity
€6.1m
2024 · €5.9m+€211,686
Cash
€832,494
2024 · €341,284+€491,211
Balance sheet total
€9.3m
2024 · €9.2m+€142,006
Largest movements
Assets
- Cash +€491,211
up €491,211 (+144%), from €341,284 to €832,494
mainly Provisions (+€240,141) and Net result for the year (+€211,686)
- Tangible fixed assets -€193,954
down €193,954 (-2.4%), from €8.1m to €7.9m
of which Land and buildings: -€192,402
- Receivables within one year -€159,942
down €159,942 (-22.8%), from €700,561 to €540,619
of which Other amounts receivable: -€157,738
Equity and liabilities
- Provisions +€240,141
up €240,141 (+22.8%), from €1.1m to €1.3m
of which Provisions for liabilities and charges: +€200,000
- Debts after one year -€209,239
down €209,239 (-11.9%), from €1.8m to €1.5m
- Trade debts -€173,987
down €173,987 (-83.1%), from €209,462 to €35,475
- Reserves +€120,422
up €120,422 (+3.8%), from €3.2m to €3.3m
of which Tax-exempt reserves: +€120,422
Income statement
- Provisions +€200,000
new in 2025: €200,000
- Gross operating margin +€150,050
up €150,050 (+24.2%), from €620,431 to €770,480
- Depreciation -€42,395
down €42,395 (-18.1%), from €233,725 to €191,330
- Financial income -€13,498
down €13,498 (-93.5%), from €14,431 to €933
- Staff costs -€10,003
down €10,003 (-20.5%), from €48,875 to €38,872
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
€264,528
Gross operating margin
+€150,050
Staff costs
+€10,003
Depreciation
+€42,395
Provisions
-€200,000
Other operating charges
-€9,723
Other operating items
+€15,000
Financial income
-€13,498
Financial charges
-€14
Deferred taxes and other
-€47,055
Result 2025
€211,686
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€633,876
Investment
+€2,624
Financing
-€145,289
Cash 2024
€341,284
From operations (derived)
+€633,876
Net result for the year
+€211,686
Depreciation
+€191,330
Receivables within one year
+€159,942
Deferred charges and accrued income
-€4,690
Provisions
+€240,141
Trade debts
-€173,987
Tax, wage and social debts
+€4,130
Other debts
+€5,326
Investment (derived)
+€2,624
Investment in fixed assets (net)
+€2,624
Financing
-€145,289
Debts after one year
-€209,239
Current portion of long-term debt
+€63,950
Cash 2025
€832,494
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,158,307 | €9,300,312 | +€142,006 | +1.6% |
| Fixed assets | 21/28 | €8,092,911 | €7,898,958 | -€193,954 | -2.4% |
| Tangible fixed assets | 22/27 | €8,092,511 | €7,898,558 | -€193,954 | -2.4% |
| Land and buildings | 22 | €7,053,924 | €6,861,522 | -€192,402 | -2.7% |
| Plant, machinery and equipment | 23 | €143,746 | €149,873 | +€6,127 | +4.3% |
| Furniture and vehicles | 24 | €62,445 | €51,476 | -€10,968 | -17.6% |
| Other tangible fixed assets | 26 | €832,397 | €835,686 | +€3,289 | +0.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,065,395 | €1,401,355 | +€335,959 | +31.5% |
| Stocks and contracts in progress | 3 | €21,430 | €21,430 | = | 0.0% |
| Stocks | 30/36 | €21,430 | €21,430 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €700,561 | €540,619 | -€159,942 | -22.8% |
| Trade receivables | 40 | €16,715 | €14,511 | -€2,203 | -13.2% |
| Other amounts receivable | 41 | €683,846 | €526,108 | -€157,738 | -23.1% |
| Cash at bank and in hand | 54/58 | €341,284 | €832,494 | +€491,211 | +144% |
| Deferred charges and accrued income | 490/1 | €2,121 | €6,812 | +€4,690 | +221% |
| Total equity and liabilities | 10/49 | €9,158,307 | €9,300,312 | +€142,006 | +1.6% |
| Equity | 10/15 | €5,907,901 | €6,119,587 | +€211,686 | +3.6% |
| Contributions | 10/11 | €2,249,442 | €2,249,442 | = | 0.0% |
| Capital | 10 | €2,249,442 | €2,249,442 | = | 0.0% |
| Issued capital | 100 | €2,249,442 | €2,249,442 | = | 0.0% |
| Reserves | 13 | €3,183,121 | €3,303,543 | +€120,422 | +3.8% |
| Non-distributable reserves | 130/1 | €47,444 | €47,444 | = | 0.0% |
| Legal reserve | 130 | €47,444 | €47,444 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,135,677 | €3,256,099 | +€120,422 | +3.8% |
| Profit (loss) carried forward | 14 | €475,338 | €566,602 | +€91,264 | +19.2% |
| Provisions and deferred taxes | 16 | €1,053,174 | €1,293,314 | +€240,141 | +22.8% |
| Provisions for liabilities and charges | 160/5 | - | €200,000 | +€200,000 | |
| Major repairs and maintenance | 162 | - | €200,000 | +€200,000 | |
| Deferred taxes | 168 | €1,053,174 | €1,093,314 | +€40,141 | +3.8% |
| Amounts payable | 17/49 | €2,197,232 | €1,887,411 | -€309,821 | -14.1% |
| Amounts payable after more than one year | 17 | €1,756,156 | €1,546,917 | -€209,239 | -11.9% |
| Financial debts | 170/4 | €1,756,156 | €1,546,917 | -€209,239 | -11.9% |
| Amounts payable within one year | 42/48 | €441,076 | €340,495 | -€100,581 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €207,558 | €271,508 | +€63,950 | +30.8% |
| Trade debts | 44 | €209,462 | €35,475 | -€173,987 | -83.1% |
| Suppliers | 440/4 | €209,462 | €35,475 | -€173,987 | -83.1% |
| Taxes, remuneration and social security | 45 | €7,885 | €12,015 | +€4,130 | +52.4% |
| Taxes | 450/3 | €3,717 | €7,339 | +€3,623 | +97.5% |
| Remuneration and social security | 454/9 | €4,169 | €4,676 | +€507 | +12.2% |
| Other amounts payable | 47/48 | €16,171 | €21,497 | +€5,326 | +32.9% |
| Non-recurring operating income | 76A | €213,426 | €285,311 | +€71,885 | +33.7% |
| Remuneration, social security and pensions | 62 | €48,875 | €38,872 | -€10,003 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,725 | €191,330 | -€42,395 | -18.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €200,000 | +€200,000 | |
| Other operating charges | 640/8 | €29,941 | €39,664 | +€9,723 | +32.5% |
| Non-recurring operating charges | 66A | €15,000 | - | -€15,000 | |
| Gross operating margin | 9900 | €620,431 | €770,480 | +€150,050 | +24.2% |
| Operating profit (loss) | 9901 | €292,890 | €300,615 | +€7,725 | +2.6% |
| Financial income | 75/76B | €14,431 | €933 | -€13,498 | -93.5% |
| Recurring financial income | 75 | €14,431 | €933 | -€13,498 | -93.5% |
| Financial charges | 65/66B | €49,708 | €49,722 | +€14 | 0.0% |
| Recurring financial charges | 65 | €49,708 | €49,722 | +€14 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €257,613 | €251,826 | -€5,787 | -2.2% |
| Transfer from deferred taxes | 780 | €60,271 | €31,187 | -€29,084 | -48.3% |
| Transfer to deferred taxes | 680 | €53,357 | €71,328 | +€17,971 | +33.7% |
| Profit (loss) for the period | 9904 | €264,528 | €211,686 | -€52,842 | -20.0% |
| Transfer from tax-exempt reserves | 789 | €180,814 | €93,561 | -€87,252 | -48.3% |
| Transfer to tax-exempt reserves | 689 | €160,069 | €213,983 | +€53,914 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €285,273 | €91,264 | -€194,009 | -68.0% |
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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 1 November 2026 via checked.be.