B&W 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.
B&W IMMO
Largest movements
- Receivables within one year +€29,825
up €29,825 (+1,409%), from €2,117 to €31,942
of which Trade receivables: +€26,500
- Cash -€23,774
down €23,774 (-51.1%), from €46,555 to €22,781
mainly Advances received (-€599,900) and Receivables within one year (-€29,825)
- Stocks and contracts -€21,489
down €21,489 (-4.5%), from €475,134 to €453,645
- Advances received -€599,900
down €599,900 (-100%), from €599,900 to €0
- Short-term financial debts +€290,500
up €290,500, from €0 to €290,500
- Profit (loss) carried forward +€151,862
up €151,862, from -€105,569 to €46,293
- Other debts +€131,344
new in 2025: €131,344
- Gross operating margin +€186,517
up €186,517, from -€5,256 to €181,261
- Taxes +€10,800
new in 2025: €10,800
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.
Derived cash bridge
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 | €539,284 | €518,474 | -€20,809 | -3.9% |
| Fixed assets | 21/28 | €15,478 | €10,107 | -€5,371 | -34.7% |
| Tangible fixed assets | 22/27 | €15,478 | €10,107 | -€5,371 | -34.7% |
| Land and buildings | 22 | €15,478 | €10,107 | -€5,371 | -34.7% |
| Current assets | 29/58 | €523,806 | €508,368 | -€15,438 | -2.9% |
| Stocks and contracts in progress | 3 | €475,134 | €453,645 | -€21,489 | -4.5% |
| Contracts in progress | 37 | €475,134 | €453,645 | -€21,489 | -4.5% |
| Amounts receivable within one year | 40/41 | €2,117 | €31,942 | +€29,825 | +1,409% |
| Trade receivables | 40 | - | €26,500 | +€26,500 | |
| Other amounts receivable | 41 | €2,117 | €5,442 | +€3,325 | +157% |
| Cash at bank and in hand | 54/58 | €46,555 | €22,781 | -€23,774 | -51.1% |
| Total equity and liabilities | 10/49 | €539,284 | €518,474 | -€20,809 | -3.9% |
| Equity | 10/15 | -€60,948 | €90,914 | +€151,862 | |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,569 | €46,293 | +€151,862 | |
| Amounts payable | 17/49 | €600,232 | €427,561 | -€172,671 | -28.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €600,177 | €424,144 | -€176,033 | -29.3% |
| Financial debts | 43 | €0 | €290,500 | +€290,500 | |
| Credit institutions | 430/8 | €0 | €290,500 | +€290,500 | |
| Trade debts | 44 | €277 | €0 | -€277 | -100% |
| Suppliers | 440/4 | €277 | €0 | -€277 | -100% |
| Advances received on contracts in progress | 46 | €599,900 | €0 | -€599,900 | -100% |
| Taxes, remuneration and social security | 45 | - | €2,300 | +€2,300 | |
| Taxes | 450/3 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | - | €131,344 | +€131,344 | |
| Accrued charges and deferred income | 492/3 | €55 | €3,417 | +€3,362 | +6,072% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414 | €414 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,414 | €10,970 | +€1,556 | +16.5% |
| Gross operating margin | 9900 | -€5,256 | €181,261 | +€186,517 | |
| Operating profit (loss) | 9901 | -€15,084 | €169,877 | +€184,961 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,197 | €7,215 | +€18 | +0.2% |
| Recurring financial charges | 65 | €7,197 | €7,215 | +€18 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,281 | €162,662 | +€184,943 | |
| Income taxes | 67/77 | - | €10,800 | +€10,800 | |
| Profit (loss) for the period | 9904 | -€22,281 | €151,862 | +€174,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,281 | €151,862 | +€174,143 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.