B.D. IMMO: 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.
B.D. IMMO
Largest movements
- Receivables within one year +€113,371
up €113,371 (+15.7%), from €720,269 to €833,639
of which Other amounts receivable: +€110,337
- Tangible fixed assets +€79,169
up €79,169 (+7.3%), from €1.1m to €1.2m
of which Land and buildings: +€95,119
- Debts after one year +€117,270
up €117,270 (+2313.0%), from €5,070 to €122,340
of which Financial debts: +€116,870
- Reserves +€64,845
up €64,845 (+34.1%), from €189,955 to €254,799
of which Distributable reserves: +€64,845
- Tax, wage and social debts +€26,754
up €26,754 (+762.7%), from €3,508 to €30,261
- Revaluation surpluses -€24,520
down €24,520 (-3.7%), from €670,122 to €645,602
- Taxes +€37,246
up €37,246 (+225.6%), from €16,508 to €53,754
- Depreciation -€28,141
down €28,141 (-28.2%), from €99,801 to €71,660
- Gross operating margin +€24,585
up €24,585 (+15.7%), from €156,797 to €181,382
- Financial charges +€5,724
up €5,724 (+1539.5%), from €372 to €6,095
- Other operating charges +€3,645
up €3,645 (+18.9%), from €19,257 to €22,902
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,907,046 | €2,105,513 | +€198,468 | +10.4% |
| Fixed assets | 21/28 | €1,077,592 | €1,156,760 | +€79,169 | +7.3% |
| Tangible fixed assets | 22/27 | €1,077,421 | €1,156,589 | +€79,169 | +7.3% |
| Land and buildings | 22 | €957,141 | €1,052,260 | +€95,119 | +9.9% |
| Plant, machinery and equipment | 23 | €120,280 | €97,349 | -€22,931 | -19.1% |
| Furniture and vehicles | 24 | - | €6,980 | +€6,980 | |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €829,454 | €948,753 | +€119,299 | +14.4% |
| Amounts receivable after more than one year | 29 | €22,184 | €6,845 | -€15,339 | -69.1% |
| Other amounts receivable | 291 | €22,184 | €6,845 | -€15,339 | -69.1% |
| Amounts receivable within one year | 40/41 | €720,269 | €833,639 | +€113,371 | +15.7% |
| Trade receivables | 40 | - | €3,034 | +€3,034 | |
| Other amounts receivable | 41 | €720,269 | €830,605 | +€110,337 | +15.3% |
| Cash at bank and in hand | 54/58 | €79,254 | €94,777 | +€15,524 | +19.6% |
| Deferred charges and accrued income | 490/1 | €7,748 | €13,492 | +€5,744 | +74.1% |
| Total equity and liabilities | 10/49 | €1,907,046 | €2,105,513 | +€198,468 | +10.4% |
| Equity | 10/15 | €1,876,404 | €1,916,729 | +€40,325 | +2.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €670,122 | €645,602 | -€24,520 | -3.7% |
| Reserves | 13 | €189,955 | €254,799 | +€64,845 | +34.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €183,757 | €248,602 | +€64,845 | +35.3% |
| Profit (loss) carried forward | 14 | €954,354 | €954,354 | = | 0.0% |
| Amounts payable | 17/49 | €30,641 | €188,784 | +€158,143 | +516.1% |
| Amounts payable after more than one year | 17 | €5,070 | €122,340 | +€117,270 | +2313.0% |
| Financial debts | 170/4 | - | €116,870 | +€116,870 | |
| Other amounts payable | 178/9 | €5,070 | €5,470 | +€400 | +7.9% |
| Amounts payable within one year | 42/48 | €21,784 | €63,349 | +€41,565 | +190.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,192 | +€4,192 | |
| Trade debts | 44 | €18,276 | €28,896 | +€10,619 | +58.1% |
| Suppliers | 440/4 | €18,276 | €28,896 | +€10,619 | +58.1% |
| Taxes, remuneration and social security | 45 | €3,508 | €30,261 | +€26,754 | +762.7% |
| Taxes | 450/3 | €3,508 | €30,261 | +€26,754 | +762.7% |
| Accrued charges and deferred income | 492/3 | €3,787 | €3,095 | -€692 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,801 | €71,660 | -€28,141 | -28.2% |
| Other operating charges | 640/8 | €19,257 | €22,902 | +€3,645 | +18.9% |
| Gross operating margin | 9900 | €156,797 | €181,382 | +€24,585 | +15.7% |
| Operating profit (loss) | 9901 | €37,738 | €86,819 | +€49,081 | +130.1% |
| Financial income | 75/76B | €12,463 | €13,355 | +€892 | +7.2% |
| Recurring financial income | 75 | €12,463 | €13,355 | +€892 | +7.2% |
| Financial charges | 65/66B | €372 | €6,095 | +€5,724 | +1539.5% |
| Recurring financial charges | 65 | €372 | €6,095 | +€5,724 | +1539.5% |
| Profit (loss) for the period before taxes | 9903 | €49,830 | €94,079 | +€44,249 | +88.8% |
| Income taxes | 67/77 | €16,508 | €53,754 | +€37,246 | +225.6% |
| Profit (loss) for the period | 9904 | €33,322 | €40,325 | +€7,003 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,322 | €40,325 | +€7,003 | +21.0% |
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 6 October 2026 via checked.be.