4 IMMO: 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.
4 IMMO
Largest movements
- Tangible fixed assets -€32,072
down €32,072 (-3.7%), from €872,530 to €840,459
of which Land and buildings: -€27,974
- Receivables within one year +€18,340
up €18,340 (+55.8%), from €32,847 to €51,187
of which Trade receivables: +€14,712
- Debts after one year -€48,817
down €48,817 (-3.9%), from €1.2m to €1.2m
of which Financial debts: -€48,817
- Depreciation -€4,923
down €4,923 (-12.1%), from €40,790 to €35,868
- Other operating charges -€4,906
down €4,906 (-60.6%), from €8,093 to €3,187
- Gross operating margin +€2,901
up €2,901 (+5.1%), from €56,896 to €59,797
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,283,965 | €1,270,268 | -€13,697 | -1.1% |
| Fixed assets | 21/28 | €1,242,304 | €1,210,232 | -€32,072 | -2.6% |
| Tangible fixed assets | 22/27 | €872,530 | €840,459 | -€32,072 | -3.7% |
| Land and buildings | 22 | €862,782 | €834,809 | -€27,974 | -3.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,748 | €5,650 | -€4,098 | -42.0% |
| Financial fixed assets | 28 | €369,773 | €369,773 | = | 0.0% |
| Current assets | 29/58 | €41,661 | €60,036 | +€18,375 | +44.1% |
| Stocks and contracts in progress | 3 | €8,815 | €8,850 | +€35 | +0.4% |
| Stocks | 30/36 | €8,815 | €8,850 | +€35 | +0.4% |
| Amounts receivable within one year | 40/41 | €32,847 | €51,187 | +€18,340 | +55.8% |
| Trade receivables | 40 | €23,344 | €38,056 | +€14,712 | +63.0% |
| Other amounts receivable | 41 | €9,503 | €13,130 | +€3,628 | +38.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,283,965 | €1,270,268 | -€13,697 | -1.1% |
| Equity | 10/15 | -€67,650 | -€58,496 | +€9,154 | +13.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,650 | -€208,496 | +€9,154 | +4.2% |
| Amounts payable | 17/49 | €1,351,615 | €1,328,764 | -€22,851 | -1.7% |
| Amounts payable after more than one year | 17 | €1,237,868 | €1,189,051 | -€48,817 | -3.9% |
| Financial debts | 170/4 | €1,109,868 | €1,061,051 | -€48,817 | -4.4% |
| Other amounts payable | 178/9 | €128,000 | €128,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,435 | €139,713 | +€27,278 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €41,491 | €45,617 | +€4,126 | +9.9% |
| Financial debts | 43 | €16,422 | €21,958 | +€5,536 | +33.7% |
| Credit institutions | 430/8 | €16,422 | €21,958 | +€5,536 | +33.7% |
| Trade debts | 44 | €17,388 | €24,960 | +€7,572 | +43.5% |
| Suppliers | 440/4 | €17,388 | €24,960 | +€7,572 | +43.5% |
| Taxes, remuneration and social security | 45 | €1,609 | €0 | -€1,609 | -100.0% |
| Taxes | 450/3 | €1,609 | €0 | -€1,609 | -100.0% |
| Other amounts payable | 47/48 | €35,526 | €47,178 | +€11,652 | +32.8% |
| Accrued charges and deferred income | 492/3 | €1,312 | €0 | -€1,312 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,790 | €35,868 | -€4,923 | -12.1% |
| Other operating charges | 640/8 | €8,093 | €3,187 | -€4,906 | -60.6% |
| Gross operating margin | 9900 | €56,896 | €59,797 | +€2,901 | +5.1% |
| Operating profit (loss) | 9901 | €8,013 | €20,742 | +€12,730 | +158.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +333.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +333.3% |
| Financial charges | 65/66B | €11,667 | €11,588 | -€79 | -0.7% |
| Recurring financial charges | 65 | €11,667 | €11,588 | -€79 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,655 | €9,154 | +€12,809 | |
| Profit (loss) for the period | 9904 | -€3,655 | €9,154 | +€12,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,655 | €9,154 | +€12,809 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.