N4 IMMO MANAGEMENT: what changed
What changed
N4 IMMO MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€20,737
2024 · -€17,485+€38,222
Equity
€6,366
2024 · -€14,371+€20,737
Cash
-
2024 · €1,421-€1,421
Balance sheet total
€223,233
2024 · €224,124-€891
Largest movements
Assets
- Tangible fixed assets -€15,075
down €15,075 (-7.0%), from €215,754 to €200,679
- Receivables within one year +€14,708
up €14,708 (+219%), from €6,711 to €21,419
Equity and liabilities
- Debts after one year -€26,918
down €26,918 (-20.7%), from €130,328 to €103,409
- Profit (loss) carried forward +€20,737
up €20,737 (+62.9%), from -€32,971 to -€12,234
- Other debts +€3,057
up €3,057 (+3.9%), from €79,318 to €82,374
- Short-term financial debts +€2,314
new in 2025: €2,314
Income statement
- Write-downs -€45,412
down €45,412, from €30,950 to -€14,462
- Other operating charges +€6,515
up €6,515 (+331%), from €1,969 to €8,484
- Gross operating margin -€1,192
down €1,192 (-3.5%), from €34,077 to €32,885
- Financial charges -€518
down €518 (-14.5%), from €3,574 to €3,056
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
-€17,485
Gross operating margin
-€1,192
Write-downs
+€45,412
Other operating charges
-€6,515
Financial income
-€2
Financial charges
+€518
Result 2025
€20,737
raises the resultlowers the result
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
+€22,654
Investment
€0
Financing
-€24,074
Cash 2024
€1,421
From operations (derived)
+€22,654
Net result for the year
+€20,737
Depreciation
+€15,075
Receivables within one year
-€14,708
Deferred charges and accrued income
-€896
Trade debts
-€564
Smaller working-capital items
-€46
Other debts
+€3,057
Financing
-€24,074
Debts after one year
-€26,918
Current portion of long-term debt
+€530
Short-term financial debts
+€2,314
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,124 | €223,233 | -€891 | -0.4% |
| Fixed assets | 21/28 | €215,854 | €200,779 | -€15,075 | -7.0% |
| Tangible fixed assets | 22/27 | €215,754 | €200,679 | -€15,075 | -7.0% |
| Other tangible fixed assets | 26 | €215,754 | €200,679 | -€15,075 | -7.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €8,271 | €22,454 | +€14,184 | +171% |
| Amounts receivable within one year | 40/41 | €6,711 | €21,419 | +€14,708 | +219% |
| Trade receivables | 40 | €6,711 | €21,419 | +€14,708 | +219% |
| Cash at bank and in hand | 54/58 | €1,421 | - | -€1,421 | |
| Deferred charges and accrued income | 490/1 | €139 | €1,035 | +€896 | +645% |
| Total equity and liabilities | 10/49 | €224,124 | €223,233 | -€891 | -0.4% |
| Equity | 10/15 | -€14,371 | €6,366 | +€20,737 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,971 | -€12,234 | +€20,737 | +62.9% |
| Amounts payable | 17/49 | €238,495 | €216,868 | -€21,628 | -9.1% |
| Amounts payable after more than one year | 17 | €130,328 | €103,409 | -€26,918 | -20.7% |
| Financial debts | 170/4 | €130,328 | €103,409 | -€26,918 | -20.7% |
| Amounts payable within one year | 42/48 | €108,162 | €113,452 | +€5,289 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €26,388 | €26,918 | +€530 | +2.0% |
| Financial debts | 43 | - | €2,314 | +€2,314 | |
| Credit institutions | 430/8 | - | €2,314 | +€2,314 | |
| Trade debts | 44 | €1,903 | €1,339 | -€564 | -29.6% |
| Suppliers | 440/4 | €1,903 | €1,339 | -€564 | -29.6% |
| Taxes, remuneration and social security | 45 | €553 | €505 | -€47 | -8.6% |
| Taxes | 450/3 | €553 | €505 | -€47 | -8.6% |
| Other amounts payable | 47/48 | €79,318 | €82,374 | +€3,057 | +3.9% |
| Accrued charges and deferred income | 492/3 | €6 | €7 | +€1 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,075 | €15,075 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,950 | -€14,462 | -€45,412 | |
| Other operating charges | 640/8 | €1,969 | €8,484 | +€6,515 | +331% |
| Gross operating margin | 9900 | €34,077 | €32,885 | -€1,192 | -3.5% |
| Operating profit (loss) | 9901 | -€13,917 | €23,788 | +€37,706 | |
| Financial income | 75/76B | €6 | €4 | -€2 | -28.5% |
| Recurring financial income | 75 | €6 | €4 | -€2 | -28.5% |
| Financial charges | 65/66B | €3,574 | €3,056 | -€518 | -14.5% |
| Recurring financial charges | 65 | €3,574 | €3,056 | -€518 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,485 | €20,737 | +€38,222 | |
| Profit (loss) for the period | 9904 | -€17,485 | €20,737 | +€38,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,485 | €20,737 | +€38,222 |
Next steps
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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 4 November 2026 via checked.be.