BALIMMO: 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.
What changed
BALIMMO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,309
2024 · -€37,055+€48,364
Equity
€522,079
2024 · €510,771+€11,309
Cash
€13,883
2024 · €2,872+€11,011
Balance sheet total
€1.2m
2024 · €1.3m-€39,732
Largest movements
Assets
- Tangible fixed assets -€35,368
down €35,368 (-2.9%), from €1.2m to €1.2m
of which Land and buildings: -€32,142
- Receivables within one year -€13,719
down €13,719 (-35.2%), from €39,017 to €25,298
of which Trade receivables: -€8,219
Equity and liabilities
- Debts after one year -€34,015
down €34,015 (-5.2%), from €656,514 to €622,499
of which Financial debts: -€18,549
Income statement
- Gross operating margin +€28,914
up €28,914 (+25.4%), from €113,708 to €142,621
- Staff costs -€16,262
down €16,262 (-32.8%), from €49,531 to €33,270
- Other operating charges -€6,543
down €6,543 (-40.5%), from €16,168 to €9,624
- Financial charges +€2,775
up €2,775 (+13.1%), from €21,121 to €23,896
- Depreciation +€1,459
up €1,459 (+2.2%), from €66,724 to €68,183
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.
Result 2024
-€37,055
Gross operating margin
+€28,914
Staff costs
+€16,262
Depreciation
-€1,459
Other operating charges
+€6,543
Financial income
+€447
Financial charges
-€2,775
Taxes
+€433
Result 2025
€11,309
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.
From operations
+€82,627
Investment
-€32,816
Financing
-€38,800
Cash 2024
€2,872
From operations (derived)
+€82,627
Net result for the year
+€11,309
Depreciation
+€68,183
Receivables within one year
+€13,719
Deferred charges and accrued income
+€1,657
Provisions
-€3,216
Trade debts
-€4,509
Tax, wage and social debts
-€4,516
Investment (derived)
-€32,816
Investment in fixed assets (net)
-€32,816
Financing
-€38,800
Debts after one year
-€34,015
Current portion of long-term debt
-€4,785
Cash 2025
€13,883
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,269,789 | €1,230,057 | -€39,732 | -3.1% |
| Fixed assets | 21/28 | €1,222,347 | €1,186,980 | -€35,368 | -2.9% |
| Tangible fixed assets | 22/27 | €1,222,297 | €1,186,930 | -€35,368 | -2.9% |
| Land and buildings | 22 | €1,192,060 | €1,159,917 | -€32,142 | -2.7% |
| Plant, machinery and equipment | 23 | €27,530 | €24,305 | -€3,225 | -11.7% |
| Furniture and vehicles | 24 | €2,707 | €2,707 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €47,442 | €43,077 | -€4,364 | -9.2% |
| Amounts receivable within one year | 40/41 | €39,017 | €25,298 | -€13,719 | -35.2% |
| Trade receivables | 40 | €33,517 | €25,298 | -€8,219 | -24.5% |
| Other amounts receivable | 41 | €5,500 | €0 | -€5,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,872 | €13,883 | +€11,011 | +383.4% |
| Deferred charges and accrued income | 490/1 | €5,553 | €3,897 | -€1,657 | -29.8% |
| Total equity and liabilities | 10/49 | €1,269,789 | €1,230,057 | -€39,732 | -3.1% |
| Equity | 10/15 | €510,771 | €522,079 | +€11,309 | +2.2% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Capital | 10 | €305,000 | €305,000 | = | 0.0% |
| Issued capital | 100 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €205,771 | €217,079 | +€11,309 | +5.5% |
| Non-distributable reserves | 130/1 | €21,028 | €22,075 | +€1,048 | +5.0% |
| Legal reserve | 130 | €21,028 | €22,075 | +€1,048 | +5.0% |
| Tax-exempt reserves | 132 | €167,958 | €158,311 | -€9,647 | -5.7% |
| Distributable reserves | 133 | €16,785 | €36,693 | +€19,908 | +118.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €55,986 | €52,770 | -€3,216 | -5.7% |
| Deferred taxes | 168 | €55,986 | €52,770 | -€3,216 | -5.7% |
| Amounts payable | 17/49 | €703,032 | €655,207 | -€47,825 | -6.8% |
| Amounts payable after more than one year | 17 | €656,514 | €622,499 | -€34,015 | -5.2% |
| Financial debts | 170/4 | €446,193 | €427,643 | -€18,549 | -4.2% |
| Other amounts payable | 178/9 | €210,321 | €194,855 | -€15,466 | -7.4% |
| Amounts payable within one year | 42/48 | €46,519 | €32,709 | -€13,810 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €23,334 | €18,549 | -€4,785 | -20.5% |
| Trade debts | 44 | €5,543 | €1,035 | -€4,509 | -81.3% |
| Suppliers | 440/4 | €5,543 | €1,035 | -€4,509 | -81.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,641 | €13,125 | -€4,516 | -25.6% |
| Taxes | 450/3 | €11,440 | €8,111 | -€3,329 | -29.1% |
| Remuneration and social security | 454/9 | €6,201 | €5,014 | -€1,187 | -19.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €905 | +€905 | |
| Remuneration, social security and pensions | 62 | €49,531 | €33,270 | -€16,262 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,724 | €68,183 | +€1,459 | +2.2% |
| Other operating charges | 640/8 | €16,168 | €9,624 | -€6,543 | -40.5% |
| Gross operating margin | 9900 | €113,708 | €142,621 | +€28,914 | +25.4% |
| Operating profit (loss) | 9901 | -€18,716 | €31,544 | +€50,260 | |
| Financial income | 75/76B | - | €447 | +€447 | |
| Recurring financial income | 75 | - | €447 | +€447 | |
| Financial charges | 65/66B | €21,121 | €23,896 | +€2,775 | +13.1% |
| Recurring financial charges | 65 | €21,121 | €23,896 | +€2,775 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,837 | €8,094 | +€47,931 | |
| Transfer from deferred taxes | 780 | €3,216 | €3,216 | = | 0.0% |
| Income taxes | 67/77 | €434 | €1 | -€433 | -99.7% |
| Profit (loss) for the period | 9904 | -€37,055 | €11,309 | +€48,364 | |
| Transfer from tax-exempt reserves | 789 | €9,647 | €9,647 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,408 | €20,956 | +€48,364 |
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 28 September 2026 via checked.be.