UNIMMO: 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
UNIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€263,964
2024 · €360,844-€624,808
Equity
€14.6m
2024 · €5.8m+€8.7m
Cash
€41,312
2024 · €136,055-€94,743
Balance sheet total
€29.3m
2024 · €17.7m+€11.6m
Largest movements
Assets
- Tangible fixed assets +€6.6m
up €6.6m (+42.7%), from €15.4m to €22.0m
of which Land and buildings: +€6.5m
- Financial fixed assets +€5.6m
up €5.6m (+397.9%), from €1.4m to €7.0m
of which Affiliated companies: +€5.5m
- Receivables within one year -€308,166
down €308,166 (-52.7%), from €584,624 to €276,458
of which Other amounts receivable: -€488,784
Equity and liabilities
- Contributions +€9.0m
up €9.0m (+410.7%), from €2.2m to €11.2m
- Debts after one year +€4.9m
up €4.9m (+339.6%), from €1.4m to €6.3m
of which Financial debts: +€4.9m
- Short-term financial debts -€4.1m
down €4.1m (-66.1%), from €6.2m to €2.1m
- Other debts +€1.9m
up €1.9m (+67.0%), from €2.9m to €4.9m
- Profit (loss) carried forward -€301,639
down €301,639 (-11.8%), from -€2.6m to -€2.9m
Income statement
- Financial income +€672,009
up €672,009 (+224.8%), from €298,881 to €970,889
- Services and other goods +€515,443
up €515,443 (+66.7%), from €772,519 to €1.3m
- Turnover +€278,223
up €278,223 (+15.1%), from €1.8m to €2.1m
- Depreciation +€198,620
up €198,620 (+23.3%), from €850,940 to €1.0m
- Other operating income -€188,864
down €188,864 (-30.7%), from €615,191 to €426,327
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
€360,844
Turnover
+€278,223
Other operating income
-€188,864
Services and other goods
-€515,443
Staff costs
-€2,198
Depreciation
-€198,620
Write-downs
-€22,983
Other operating charges
-€64,576
Other operating items
-€623,588
Financial income
+€672,009
Financial charges
-€67,929
Deferred taxes and other
+€109,162
Result 2025
-€263,964
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
+€3.3m
Investment
-€13.2m
Financing
+€9.8m
Cash 2024
€136,055
From operations (derived)
+€3.3m
Net result for the year
-€263,964
Depreciation
+€1.0m
Receivables after one year
+€142,787
Receivables within one year
+€308,166
Smaller working-capital items
+€12,012
Trade debts
+€82,128
Other debts
+€1.9m
Accrued charges and deferred income
+€66,772
Investment (derived)
-€13.2m
Investment in fixed assets (net)
-€13.2m
Current investments
-€3,600
Financing
+€9.8m
Debts after one year
+€4.9m
Current portion of long-term debt
-€760
Short-term financial debts
-€4.1m
Contributions, distributions and other
+€9.0m
Cash 2025
€41,312
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,693,594 | €29,316,704 | +€11.6m | +65.7% |
| Fixed assets | 21/28 | €16,830,128 | €28,995,334 | +€12.2m | +72.3% |
| Intangible fixed assets | 21 | €20,950 | €12,694 | -€8,256 | -39.4% |
| Tangible fixed assets | 22/27 | €15,404,867 | €21,990,161 | +€6.6m | +42.7% |
| Land and buildings | 22 | €14,872,820 | €21,376,599 | +€6.5m | +43.7% |
| Furniture and vehicles | 24 | €552 | €24,981 | +€24,430 | +4428.7% |
| Other tangible fixed assets | 26 | €299,453 | €281,639 | -€17,814 | -5.9% |
| Assets under construction and advance payments | 27 | €232,043 | €306,942 | +€74,899 | +32.3% |
| Financial fixed assets | 28 | €1,404,310 | €6,992,478 | +€5.6m | +397.9% |
| Affiliated companies | 280/1 | €1,387,310 | €6,925,478 | +€5.5m | +399.2% |
| Participating interests | 280 | €1,387,310 | €6,925,478 | +€5.5m | +399.2% |
| Other financial fixed assets | 284/8 | €17,000 | €67,000 | +€50,000 | +294.1% |
| Amounts receivable and cash guarantees | 285/8 | €17,000 | €67,000 | +€50,000 | +294.1% |
| Current assets | 29/58 | €863,466 | €321,370 | -€542,096 | -62.8% |
| Amounts receivable after more than one year | 29 | €142,787 | - | -€142,787 | |
| Other amounts receivable | 291 | €142,787 | - | -€142,787 | |
| Amounts receivable within one year | 40/41 | €584,624 | €276,458 | -€308,166 | -52.7% |
| Trade receivables | 40 | €76,384 | €257,003 | +€180,618 | +236.5% |
| Other amounts receivable | 41 | €508,240 | €19,456 | -€488,784 | -96.2% |
| Current investments | 50/53 | - | €3,600 | +€3,600 | |
| Other investments | 51/53 | - | €3,600 | +€3,600 | |
| Cash at bank and in hand | 54/58 | €136,055 | €41,312 | -€94,743 | -69.6% |
| Total equity and liabilities | 10/49 | €17,693,594 | €29,316,704 | +€11.6m | +65.7% |
| Equity | 10/15 | €5,842,592 | €14,578,628 | +€8.7m | +149.5% |
| Contributions | 10/11 | €2,191,266 | €11,191,266 | +€9.0m | +410.7% |
| Capital | 10 | €2,191,266 | €11,191,266 | +€9.0m | +410.7% |
| Issued capital | 100 | €2,191,266 | €11,191,266 | +€9.0m | +410.7% |
| Reserves | 13 | €6,212,905 | €6,250,580 | +€37,675 | +0.6% |
| Non-distributable reserves | 130/1 | €219,127 | €219,127 | = | 0.0% |
| Legal reserve | 130 | €219,127 | €219,127 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,041,029 | €2,078,704 | +€37,675 | +1.8% |
| Distributable reserves | 133 | €3,952,749 | €3,952,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,561,579 | -€2,863,218 | -€301,639 | -11.8% |
| Provisions and deferred taxes | 16 | €631,064 | €642,841 | +€11,776 | +1.9% |
| Deferred taxes | 168 | €631,064 | €642,841 | +€11,776 | +1.9% |
| Amounts payable | 17/49 | €11,219,937 | €14,095,235 | +€2.9m | +25.6% |
| Amounts payable after more than one year | 17 | €1,436,338 | €6,313,862 | +€4.9m | +339.6% |
| Financial debts | 170/4 | €1,421,368 | €6,298,092 | +€4.9m | +343.1% |
| Credit institutions | 173 | €1,421,368 | €6,298,092 | +€4.9m | +343.1% |
| Other amounts payable | 178/9 | €14,970 | €15,770 | +€800 | +5.3% |
| Amounts payable within one year | 42/48 | €9,739,559 | €7,670,561 | -€2.1m | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €578,367 | €577,607 | -€760 | -0.1% |
| Financial debts | 43 | €6,200,000 | €2,100,000 | -€4.1m | -66.1% |
| Other loans | 439 | €6,200,000 | €2,100,000 | -€4.1m | -66.1% |
| Trade debts | 44 | €45,648 | €127,775 | +€82,128 | +179.9% |
| Suppliers | 440/4 | €45,648 | €127,775 | +€82,128 | +179.9% |
| Taxes, remuneration and social security | 45 | €6,583 | €6,818 | +€236 | +3.6% |
| Remuneration and social security | 454/9 | €6,583 | €6,818 | +€236 | +3.6% |
| Other amounts payable | 47/48 | €2,908,961 | €4,858,360 | +€1.9m | +67.0% |
| Accrued charges and deferred income | 492/3 | €44,040 | €110,812 | +€66,772 | +151.6% |
| Operating income | 70/76A | €2,454,485 | €2,546,341 | +€91,856 | +3.7% |
| Turnover | 70 | €1,839,294 | €2,117,517 | +€278,223 | +15.1% |
| Other operating income | 74 | €615,191 | €426,327 | -€188,864 | -30.7% |
| Non-recurring operating income | 76A | - | €2,497 | +€2,497 | |
| Operating charges | 60/66A | €1,955,591 | €3,385,497 | +€1.4m | +73.1% |
| Services and other goods | 61 | €772,519 | €1,287,962 | +€515,443 | +66.7% |
| Remuneration, social security and pensions | 62 | €67,393 | €69,591 | +€2,198 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850,940 | €1,049,560 | +€198,620 | +23.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,060 | €41,043 | +€22,983 | +127.3% |
| Other operating charges | 640/8 | €246,679 | €311,256 | +€64,576 | +26.2% |
| Non-recurring operating charges | 66A | - | €626,085 | +€626,085 | |
| Operating profit (loss) | 9901 | €498,894 | -€839,156 | -€1.3m | |
| Financial income | 75/76B | €298,881 | €970,889 | +€672,009 | +224.8% |
| Recurring financial income | 75 | €298,881 | €970,889 | +€672,009 | +224.8% |
| Income from financial fixed assets | 750 | €295,692 | - | -€295,692 | |
| Income from current assets | 751 | €3,189 | - | -€3,189 | |
| Other financial income | 752/9 | €0 | €970,889 | +€970,889 | +647259526.7% |
| Financial charges | 65/66B | €315,993 | €383,922 | +€67,929 | +21.5% |
| Recurring financial charges | 65 | €315,993 | €383,922 | +€67,929 | +21.5% |
| Debt charges | 650 | €315,992 | €383,915 | +€67,924 | +21.5% |
| Other financial charges | 652/9 | €1 | €6 | +€5 | +670.5% |
| Profit (loss) for the period before taxes | 9903 | €481,782 | -€252,188 | -€733,970 | |
| Transfer from deferred taxes | 780 | €22,184 | €23,913 | +€1,729 | +7.8% |
| Transfer to deferred taxes | 680 | €143,122 | €35,689 | -€107,433 | -75.1% |
| Profit (loss) for the period | 9904 | €360,844 | -€263,964 | -€624,808 | |
| Transfer from tax-exempt reserves | 789 | €64,205 | €69,393 | +€5,188 | +8.1% |
| Transfer to tax-exempt reserves | 689 | €429,366 | €107,068 | -€322,298 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,317 | -€301,639 | -€297,322 | -6887.0% |
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 7 October 2026 via checked.be.