1927 IMMO: what changed
What changed
1927 IMMO
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€10,039
2023 · -€17,078+€7,039
Equity
-€48,024
2023 · -€37,985-€10,039
Cash
€1,052
2023 · €6,447-€5,395
Balance sheet total
€353,419
2023 · €380,906-€27,487
Largest movements
Assets
- Tangible fixed assets -€22,984
down €22,984 (-6.3%), from €362,444 to €339,460
of which Land and buildings: -€21,984
- Cash -€5,395
down €5,395 (-83.7%), from €6,447 to €1,052
mainly Debts after one year (-€18,547) and Net result for the year (-€10,039)
Equity and liabilities
- Debts after one year -€18,547
down €18,547 (-6.0%), from €310,594 to €292,047
- Profit (loss) carried forward -€10,039
down €10,039 (-17.7%), from -€56,585 to -€66,624
Income statement
- Gross operating margin +€5,593
up €5,593 (+31.5%), from €17,749 to €23,342
- Other operating charges -€1,072
down €1,072 (-26.4%), from €4,070 to €2,997
- Financial charges -€375
down €375 (-4.8%), from €7,775 to €7,400
Change in the result, 2023 to 2024
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 2023
-€17,078
Gross operating margin
+€5,593
Depreciation
-€0
Other operating charges
+€1,072
Financial income
-€2
Financial charges
+€375
Result 2024
-€10,039
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,737
Investment
€0
Financing
-€18,132
Cash 2023
€6,447
From operations (derived)
+€12,737
Net result for the year
-€10,039
Depreciation
+€22,984
Receivables within one year
-€1,012
Deferred charges and accrued income
+€121
Trade debts
-€1,474
Tax, wage and social debts
-€8
Other debts
+€1,226
Accrued charges and deferred income
+€939
Financing
-€18,132
Debts after one year
-€18,547
Current portion of long-term debt
+€416
Cash 2024
€1,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,906 | €353,419 | -€27,487 | -7.2% |
| Fixed assets | 21/28 | €362,444 | €339,460 | -€22,984 | -6.3% |
| Tangible fixed assets | 22/27 | €362,444 | €339,460 | -€22,984 | -6.3% |
| Land and buildings | 22 | €357,194 | €335,210 | -€21,984 | -6.2% |
| Furniture and vehicles | 24 | €5,250 | €4,250 | -€1,000 | -19.0% |
| Current assets | 29/58 | €18,462 | €13,959 | -€4,504 | -24.4% |
| Amounts receivable within one year | 40/41 | €8,827 | €9,839 | +€1,012 | +11.5% |
| Other amounts receivable | 41 | €8,827 | €9,839 | +€1,012 | +11.5% |
| Cash at bank and in hand | 54/58 | €6,447 | €1,052 | -€5,395 | -83.7% |
| Deferred charges and accrued income | 490/1 | €3,189 | €3,068 | -€121 | -3.8% |
| Total equity and liabilities | 10/49 | €380,906 | €353,419 | -€27,487 | -7.2% |
| Equity | 10/15 | -€37,985 | -€48,024 | -€10,039 | -26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,585 | -€66,624 | -€10,039 | -17.7% |
| Amounts payable | 17/49 | €418,891 | €401,443 | -€17,448 | -4.2% |
| Amounts payable after more than one year | 17 | €310,594 | €292,047 | -€18,547 | -6.0% |
| Financial debts | 170/4 | €310,594 | €292,047 | -€18,547 | -6.0% |
| Amounts payable within one year | 42/48 | €108,297 | €108,457 | +€161 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €18,132 | €18,547 | +€416 | +2.3% |
| Trade debts | 44 | €8,976 | €7,503 | -€1,474 | -16.4% |
| Suppliers | 440/4 | €8,976 | €7,503 | -€1,474 | -16.4% |
| Taxes, remuneration and social security | 45 | €8 | - | -€8 | |
| Taxes | 450/3 | €8 | - | -€8 | |
| Other amounts payable | 47/48 | €81,181 | €82,407 | +€1,226 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €939 | +€939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,984 | €22,984 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,070 | €2,997 | -€1,072 | -26.4% |
| Gross operating margin | 9900 | €17,749 | €23,342 | +€5,593 | +31.5% |
| Operating profit (loss) | 9901 | -€9,304 | -€2,639 | +€6,666 | +71.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €7,775 | €7,400 | -€375 | -4.8% |
| Recurring financial charges | 65 | €7,775 | €7,400 | -€375 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,078 | -€10,039 | +€7,039 | +41.2% |
| Profit (loss) for the period | 9904 | -€17,078 | -€10,039 | +€7,039 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,078 | -€10,039 | +€7,039 | +41.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.