BALEUR 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.
BALEUR IMMO
Largest movements
- Tangible fixed assets +€200,000
up €200,000 (+286%), from €70,000 to €270,000
- Receivables within one year +€39,543
up €39,543 (+35,988%), from €110 to €39,653
of which Trade receivables: +€39,509
- Cash -€16,445
down €16,445 (-44.6%), from €36,846 to €20,401
mainly Investment in fixed assets (net) (-€238,559) and Net result for the year (-€58,880)
- Debts after one year +€243,787
up €243,787 (+165%), from €147,319 to €391,106
- Profit (loss) carried forward -€58,880
down €58,880 (-94.5%), from -€62,291 to -€121,171
- Trade debts +€38,205
up €38,205 (+5,712%), from €669 to €38,874
- Depreciation +€38,559
up €38,559, from €0 to €38,559
- Financial charges +€4,559
up €4,559 (+43.4%), from €10,516 to €15,075
- Gross operating margin +€1,138
up €1,138 (+19.1%), from -€5,950 to -€4,812
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 | €106,956 | €330,054 | +€223,098 | +209% |
| Fixed assets | 21/28 | €70,000 | €270,000 | +€200,000 | +286% |
| Tangible fixed assets | 22/27 | €70,000 | €270,000 | +€200,000 | +286% |
| Land and buildings | 22 | €70,000 | €270,000 | +€200,000 | +286% |
| Current assets | 29/58 | €36,956 | €60,054 | +€23,098 | +62.5% |
| Amounts receivable within one year | 40/41 | €110 | €39,653 | +€39,543 | +35,988% |
| Trade receivables | 40 | - | €39,509 | +€39,509 | |
| Other amounts receivable | 41 | €110 | €144 | +€34 | +30.7% |
| Cash at bank and in hand | 54/58 | €36,846 | €20,401 | -€16,445 | -44.6% |
| Total equity and liabilities | 10/49 | €106,956 | €330,054 | +€223,098 | +209% |
| Equity | 10/15 | -€42,291 | -€101,171 | -€58,880 | -139% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,291 | -€121,171 | -€58,880 | -94.5% |
| Amounts payable | 17/49 | €149,247 | €431,225 | +€281,978 | +189% |
| Amounts payable after more than one year | 17 | €147,319 | €391,106 | +€243,787 | +165% |
| Financial debts | 170/4 | €147,319 | €391,106 | +€243,787 | +165% |
| Amounts payable within one year | 42/48 | €1,928 | €40,119 | +€38,191 | +1,980% |
| Trade debts | 44 | €669 | €38,874 | +€38,205 | +5,712% |
| Suppliers | 440/4 | €669 | €38,874 | +€38,205 | +5,712% |
| Taxes, remuneration and social security | 45 | €1,260 | €1,245 | -€14 | -1.1% |
| Taxes | 450/3 | €1,260 | €1,245 | -€14 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €38,559 | +€38,559 | |
| Other operating charges | 640/8 | €387 | €433 | +€46 | +11.8% |
| Gross operating margin | 9900 | -€5,950 | -€4,812 | +€1,138 | +19.1% |
| Operating profit (loss) | 9901 | -€6,338 | -€43,805 | -€37,467 | -591% |
| Financial charges | 65/66B | €10,516 | €15,075 | +€4,559 | +43.4% |
| Recurring financial charges | 65 | €10,516 | €15,075 | +€4,559 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,854 | -€58,880 | -€42,026 | -249% |
| Profit (loss) for the period | 9904 | -€16,854 | -€58,880 | -€42,026 | -249% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,854 | -€58,880 | -€42,026 | -249% |
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 20 October 2026 via checked.be.