IMMO IRIS: what changed
Two financial 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
IMMO IRIS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€938,992
2025 · €842,727+€96,266
Equity
€25.4m
2025 · €24.4m+€938,992
Cash
€35,627
2025 · €112,691-€77,064
Balance sheet total
€42.0m
2025 · €38.5m+€3.5m
Largest movements
Assets
- Receivables after one year +€25.0m
up €25.0m (+545,320%), from €4,588 to €25.0m
- Receivables within one year -€20.8m
down €20.8m (-99.9%), from €20.8m to €26,582
of which Other amounts receivable: -€20.8m
- Tangible fixed assets -€605,324
down €605,324 (-3.5%), from €17.5m to €16.9m
Equity and liabilities
- Debts after one year +€3.4m
up €3.4m (+33.0%), from €10.2m to €13.6m
- Reserves +€938,992
up €938,992 (+7.2%), from €13.1m to €14.0m
of which Distributable reserves: +€1.4m
- Other debts -€936,099
down €936,099 (-56.4%), from €1.7m to €724,143
Income statement
- Taxes +€210,187
up €210,187 (+64.0%), from €328,538 to €538,724
- Gross operating margin +€88,088
up €88,088 (+4.9%), from €1.8m to €1.9m
- Financial income +€53,953
up €53,953 (+10.2%), from €529,385 to €583,338
- Financial charges -€21,691
down €21,691 (-5.1%), from €429,453 to €407,762
From the 2025 result to the 2026 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 2025
€842,727
Gross operating margin
+€88,088
Other operating charges
+€3,015
Other operating items
-€8,740
Financial income
+€53,953
Financial charges
+€21,691
Taxes
-€210,187
Deferred taxes and other
+€148,446
Result 2026
€938,992
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3.4m
Investment
+€25,000
Financing
+€3.3m
Cash 2025
€112,691
From operations (derived)
-€3.4m
Net result for the year
+€938,992
Depreciation
+€605,324
Receivables after one year
-€25.0m
Receivables within one year
+€20.8m
Smaller working-capital items
+€37,738
Provisions
-€180,343
Tax, wage and social debts
+€372,646
Other debts
-€936,099
Investment (derived)
+€25,000
Investment in fixed assets (net)
+€25,000
Financing
+€3.3m
Debts after one year
+€3.4m
Current portion of long-term debt
-€91,901
Cash 2026
€35,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,502,154 | €42,019,092 | +€3.5m | +9.1% |
| Fixed assets | 21/28 | €17,563,338 | €16,933,014 | -€630,324 | -3.6% |
| Tangible fixed assets | 22/27 | €17,536,778 | €16,931,454 | -€605,324 | -3.5% |
| Land and buildings | 22 | €17,536,778 | €16,931,454 | -€605,324 | -3.5% |
| Financial fixed assets | 28 | €26,560 | €1,560 | -€25,000 | -94.1% |
| Current assets | 29/58 | €20,938,816 | €25,086,079 | +€4.1m | +19.8% |
| Amounts receivable after more than one year | 29 | €4,588 | €25,023,870 | +€25.0m | +545,320% |
| Other amounts receivable | 291 | €4,588 | €25,023,870 | +€25.0m | +545,320% |
| Amounts receivable within one year | 40/41 | €20,821,029 | €26,582 | -€20.8m | -99.9% |
| Trade receivables | 40 | €254 | - | -€254 | |
| Other amounts receivable | 41 | €20,820,775 | €26,582 | -€20.8m | -99.9% |
| Cash at bank and in hand | 54/58 | €112,691 | €35,627 | -€77,064 | -68.4% |
| Deferred charges and accrued income | 490/1 | €509 | €0 | -€509 | -100% |
| Total equity and liabilities | 10/49 | €38,502,154 | €42,019,092 | +€3.5m | +9.1% |
| Equity | 10/15 | €24,444,982 | €25,383,975 | +€938,992 | +3.8% |
| Contributions | 10/11 | €11,360,000 | €11,360,000 | = | 0.0% |
| Capital | 10 | €11,360,000 | €11,360,000 | = | 0.0% |
| Issued capital | 100 | €11,360,000 | €11,360,000 | = | 0.0% |
| Reserves | 13 | €13,084,982 | €14,023,975 | +€938,992 | +7.2% |
| Non-distributable reserves | 130/1 | €557,345 | €631,346 | +€74,001 | +13.3% |
| Legal reserve | 130 | €557,345 | €631,346 | +€74,001 | +13.3% |
| Tax-exempt reserves | 132 | €3,016,569 | €2,475,541 | -€541,029 | -17.9% |
| Distributable reserves | 133 | €9,511,068 | €10,917,088 | +€1.4m | +14.8% |
| Provisions and deferred taxes | 16 | €364,148 | €183,805 | -€180,343 | -49.5% |
| Deferred taxes | 168 | €364,148 | €183,805 | -€180,343 | -49.5% |
| Amounts payable | 17/49 | €13,693,024 | €16,451,313 | +€2.8m | +20.1% |
| Amounts payable after more than one year | 17 | €10,231,193 | €13,607,607 | +€3.4m | +33.0% |
| Financial debts | 170/4 | €10,231,193 | €13,607,607 | +€3.4m | +33.0% |
| Amounts payable within one year | 42/48 | €3,460,851 | €2,828,715 | -€632,136 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €1,407,087 | €1,315,185 | -€91,901 | -6.5% |
| Trade debts | 44 | €80,952 | €104,171 | +€23,219 | +28.7% |
| Suppliers | 440/4 | €80,952 | €104,171 | +€23,219 | +28.7% |
| Taxes, remuneration and social security | 45 | €312,570 | €685,216 | +€372,646 | +119% |
| Taxes | 450/3 | €312,570 | €685,216 | +€372,646 | +119% |
| Other amounts payable | 47/48 | €1,660,242 | €724,143 | -€936,099 | -56.4% |
| Accrued charges and deferred income | 492/3 | €981 | €14,991 | +€14,010 | +1,429% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605,324 | €605,324 | = | 0.0% |
| Other operating charges | 640/8 | €168,851 | €165,836 | -€3,015 | -1.8% |
| Non-recurring operating charges | 66A | - | €8,740 | +€8,740 | |
| Gross operating margin | 9900 | €1,813,610 | €1,901,698 | +€88,088 | +4.9% |
| Operating profit (loss) | 9901 | €1,039,435 | €1,121,798 | +€82,363 | +7.9% |
| Financial income | 75/76B | €529,385 | €583,338 | +€53,953 | +10.2% |
| Recurring financial income | 75 | €529,385 | €583,338 | +€53,953 | +10.2% |
| Financial charges | 65/66B | €429,453 | €407,762 | -€21,691 | -5.1% |
| Recurring financial charges | 65 | €429,453 | €407,762 | -€21,691 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €1,139,367 | €1,297,374 | +€158,007 | +13.9% |
| Transfer from deferred taxes | 780 | €31,897 | €180,343 | +€148,446 | +465% |
| Income taxes | 67/77 | €328,538 | €538,724 | +€210,187 | +64.0% |
| Profit (loss) for the period | 9904 | €842,727 | €938,992 | +€96,266 | +11.4% |
| Transfer from tax-exempt reserves | 789 | €95,691 | €541,029 | +€445,337 | +465% |
| Transfer to tax-exempt reserves | 689 | €269,440 | - | -€269,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €668,978 | €1,480,021 | +€811,043 | +121% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.