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
- Cash +€28,227
up €28,227 (+569.1%), from €4,960 to €33,188
mainly Net result for the year (+€28,048) and Depreciation (+€17,394)
- Tangible fixed assets -€17,394
down €17,394 (-11.3%), from €153,278 to €135,883
- Profit (loss) carried forward +€28,048
up €28,048 (+23.5%), from €119,477 to €147,524
- Other debts -€15,000
down €15,000 (-83.3%), from €18,000 to €3,000
- Gross operating margin -€5,811
down €5,811 (-9.1%), from €64,176 to €58,365
- Taxes -€1,457
down €1,457 (-13.5%), from €10,807 to €9,349
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 | €159,856 | €172,084 | +€12,229 | +7.6% |
| Fixed assets | 21/28 | €153,641 | €136,246 | -€17,394 | -11.3% |
| Tangible fixed assets | 22/27 | €153,278 | €135,883 | -€17,394 | -11.3% |
| Land and buildings | 22 | €153,278 | €135,883 | -€17,394 | -11.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €6,215 | €35,838 | +€29,623 | +476.6% |
| Amounts receivable within one year | 40/41 | - | €1,336 | +€1,336 | |
| Other amounts receivable | 41 | - | €1,336 | +€1,336 | |
| Cash at bank and in hand | 54/58 | €4,960 | €33,188 | +€28,227 | +569.1% |
| Deferred charges and accrued income | 490/1 | €1,255 | €1,315 | +€60 | +4.8% |
| Total equity and liabilities | 10/49 | €159,856 | €172,084 | +€12,229 | +7.6% |
| Equity | 10/15 | €139,937 | €167,984 | +€28,048 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,477 | €147,524 | +€28,048 | +23.5% |
| Amounts payable | 17/49 | €19,919 | €4,100 | -€15,819 | -79.4% |
| Amounts payable after more than one year | 17 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,819 | €3,000 | -€15,819 | -84.1% |
| Taxes, remuneration and social security | 45 | €819 | - | -€819 | |
| Taxes | 450/3 | €819 | - | -€819 | |
| Other amounts payable | 47/48 | €18,000 | €3,000 | -€15,000 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,394 | €17,394 | = | 0.0% |
| Other operating charges | 640/8 | €3,371 | €3,411 | +€40 | +1.2% |
| Gross operating margin | 9900 | €64,176 | €58,365 | -€5,811 | -9.1% |
| Operating profit (loss) | 9901 | €43,410 | €37,559 | -€5,851 | -13.5% |
| Financial charges | 65/66B | €135 | €162 | +€27 | +20.0% |
| Recurring financial charges | 65 | €135 | €162 | +€27 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €43,275 | €37,397 | -€5,878 | -13.6% |
| Income taxes | 67/77 | €10,807 | €9,349 | -€1,457 | -13.5% |
| Profit (loss) for the period | 9904 | €32,469 | €28,048 | -€4,421 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,469 | €28,048 | -€4,421 | -13.6% |
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 9 October 2026 via checked.be.