IMMOASS: what changed
What changed
IMMOASS
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
€1.1m
2024 · €4,899+€1.1m
Equity
€5.4m
2024 · €4.3m+€1.1m
Cash
€143,172
2024 · €89,189+€53,983
Balance sheet total
€7.1m
2024 · €6.5m+€589,412
Largest movements
Assets
- Current investments +€1.0m
new in 2025: €1.0m
- Tangible fixed assets -€447,598
down €447,598 (-8.6%), from €5.2m to €4.8m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+34.0%), from €3.3m to €4.4m
of which Distributable reserves: +€1.2m
- Other debts -€324,549
down €324,549 (-43.4%), from €748,022 to €423,472
- Debts after one year -€198,964
down €198,964 (-58.7%), from €339,125 to €140,161
- Tax, wage and social debts +€90,825
up €90,825 (+182%), from €49,880 to €140,705
Income statement
- Gross operating margin +€1.5m
up €1.5m (+329%), from €450,986 to €1.9m
- Taxes +€340,162
up €340,162 (+151%), from €224,686 to €564,847
- Financial charges -€64,767
down €64,767 (-47.5%), from €136,399 to €71,632
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
€4,899
Gross operating margin
+€1.5m
Depreciation
+€4,668
Other operating charges
+€1,753
Other operating items
+€25,833
Financial income
+€1,976
Financial charges
+€64,767
Taxes
-€340,162
Deferred taxes and other
-€127,972
Result 2025
€1.1m
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
+€1.0m
Investment
-€704,613
Financing
-€249,177
Cash 2024
€89,189
From operations (derived)
+€1.0m
Net result for the year
+€1.1m
Depreciation
+€152,211
Receivables within one year
+€32,619
Deferred charges and accrued income
-€15,646
Provisions
-€30,218
Trade debts
+€1,652
Tax, wage and social debts
+€90,825
Other debts
-€324,549
Accrued charges and deferred income
-€16,488
Investment (derived)
-€704,613
Investment in fixed assets (net)
+€295,387
Current investments
-€1.0m
Financing
-€249,177
Debts after one year
-€198,964
Current portion of long-term debt
-€26,735
Short-term financial debts
-€23,478
Cash 2025
€143,172
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,524,322 | €7,113,734 | +€589,412 | +9.0% |
| Fixed assets | 21/28 | €6,380,030 | €5,932,432 | -€447,598 | -7.0% |
| Tangible fixed assets | 22/27 | €5,208,939 | €4,761,341 | -€447,598 | -8.6% |
| Land and buildings | 22 | €5,208,939 | €4,761,341 | -€447,598 | -8.6% |
| Financial fixed assets | 28 | €1,171,091 | €1,171,091 | = | 0.0% |
| Current assets | 29/58 | €144,292 | €1,181,301 | +€1.0m | +719% |
| Amounts receivable within one year | 40/41 | €40,101 | €7,483 | -€32,619 | -81.3% |
| Trade receivables | 40 | €18,402 | €4,860 | -€13,542 | -73.6% |
| Other amounts receivable | 41 | €21,699 | €2,623 | -€19,077 | -87.9% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €89,189 | €143,172 | +€53,983 | +60.5% |
| Deferred charges and accrued income | 490/1 | €15,001 | €30,647 | +€15,646 | +104% |
| Total equity and liabilities | 10/49 | €6,524,322 | €7,113,734 | +€589,412 | +9.0% |
| Equity | 10/15 | €4,324,718 | €5,442,084 | +€1.1m | +25.8% |
| Contributions | 10/11 | €172,000 | €172,000 | = | 0.0% |
| Capital | 10 | €172,000 | €172,000 | = | 0.0% |
| Issued capital | 100 | €172,000 | €172,000 | = | 0.0% |
| Reserves | 13 | €3,287,921 | €4,405,288 | +€1.1m | +34.0% |
| Non-distributable reserves | 130/1 | €126,277 | €126,277 | = | 0.0% |
| Legal reserve | 130 | €126,149 | €126,149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €129 | €129 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,918,037 | €1,827,383 | -€90,653 | -4.7% |
| Distributable reserves | 133 | €1,243,607 | €2,451,627 | +€1.2m | +97.1% |
| Profit (loss) carried forward | 14 | €864,796 | €864,796 | = | 0.0% |
| Provisions and deferred taxes | 16 | €639,346 | €609,128 | -€30,218 | -4.7% |
| Deferred taxes | 168 | €639,346 | €609,128 | -€30,218 | -4.7% |
| Amounts payable | 17/49 | €1,560,259 | €1,062,522 | -€497,737 | -31.9% |
| Amounts payable after more than one year | 17 | €339,125 | €140,161 | -€198,964 | -58.7% |
| Financial debts | 170/4 | €339,125 | €140,161 | -€198,964 | -58.7% |
| Amounts payable within one year | 42/48 | €1,138,373 | €856,089 | -€282,285 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €225,699 | €198,964 | -€26,735 | -11.8% |
| Financial debts | 43 | €97,087 | €73,609 | -€23,478 | -24.2% |
| Credit institutions | 430/8 | €97,087 | €73,609 | -€23,478 | -24.2% |
| Trade debts | 44 | €17,686 | €19,338 | +€1,652 | +9.3% |
| Suppliers | 440/4 | €17,686 | €19,338 | +€1,652 | +9.3% |
| Taxes, remuneration and social security | 45 | €49,880 | €140,705 | +€90,825 | +182% |
| Taxes | 450/3 | €49,880 | €140,705 | +€90,825 | +182% |
| Other amounts payable | 47/48 | €748,022 | €423,472 | -€324,549 | -43.4% |
| Accrued charges and deferred income | 492/3 | €82,760 | €66,272 | -€16,488 | -19.9% |
| Non-recurring operating income | 76A | €112,110 | €1,622,786 | +€1.5m | +1,347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,878 | €152,211 | -€4,668 | -3.0% |
| Other operating charges | 640/8 | €60,577 | €58,824 | -€1,753 | -2.9% |
| Non-recurring operating charges | 66A | €25,855 | €23 | -€25,833 | -99.9% |
| Gross operating margin | 9900 | €450,986 | €1,932,590 | +€1.5m | +329% |
| Operating profit (loss) | 9901 | €207,676 | €1,721,534 | +€1.5m | +729% |
| Financial income | 75/76B | €118 | €2,095 | +€1,976 | +1,670% |
| Recurring financial income | 75 | €118 | €2,095 | +€1,976 | +1,670% |
| Financial charges | 65/66B | €136,399 | €71,632 | -€64,767 | -47.5% |
| Recurring financial charges | 65 | €136,399 | €71,632 | -€64,767 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €71,395 | €1,651,996 | +€1.6m | +2,214% |
| Transfer from deferred taxes | 780 | €158,190 | €30,218 | -€127,972 | -80.9% |
| Income taxes | 67/77 | €224,686 | €564,847 | +€340,162 | +151% |
| Profit (loss) for the period | 9904 | €4,899 | €1,117,367 | +€1.1m | +22,707% |
| Transfer from tax-exempt reserves | 789 | €474,569 | €90,653 | -€383,915 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €479,468 | €1,208,020 | +€728,552 | +152% |
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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 2 November 2026 via checked.be.