BELGA IMMO 2010: what changed
BELGA IMMO 2010
Largest movements
- Tangible fixed assets -€17,839
down €17,839 (-6.3%), from €284,009 to €266,170
of which Land and buildings: -€14,188
- Cash -€4,008
down €4,008 (-63.9%), from €6,269 to €2,261
mainly Debts after one year (-€12,990) and Other debts (-€12,214)
- Debts after one year -€12,990
down €12,990 (-39.6%), from €32,815 to €19,825
- Other debts -€12,214
down €12,214 (-18.2%), from €67,122 to €54,909
- Taxes -€1,996
down €1,996 (-27.4%), from €7,284 to €5,288
- Gross operating margin -€1,243
down €1,243 (-3.7%), from €33,710 to €32,467
- Financial charges -€1,083
down €1,083 (-57.3%), from €1,889 to €806
- Depreciation +€464
up €464 (+2.7%), from €17,376 to €17,839
- Other operating charges -€448
down €448 (-7.2%), from €6,189 to €5,741
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,360 | €268,431 | -€22,930 | -7.9% |
| Fixed assets | 21/28 | €284,009 | €266,170 | -€17,839 | -6.3% |
| Tangible fixed assets | 22/27 | €284,009 | €266,170 | -€17,839 | -6.3% |
| Land and buildings | 22 | €277,534 | €263,346 | -€14,188 | -5.1% |
| Furniture and vehicles | 24 | €6,475 | €2,824 | -€3,651 | -56.4% |
| Current assets | 29/58 | €7,351 | €2,261 | -€5,091 | -69.2% |
| Cash at bank and in hand | 54/58 | €6,269 | €2,261 | -€4,008 | -63.9% |
| Deferred charges and accrued income | 490/1 | €1,082 | - | -€1,082 | |
| Total equity and liabilities | 10/49 | €291,360 | €268,431 | -€22,930 | -7.9% |
| Equity | 10/15 | €177,503 | €180,296 | +€2,793 | +1.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,443 | €172,236 | +€2,793 | +1.6% |
| Amounts payable | 17/49 | €113,857 | €88,135 | -€25,723 | -22.6% |
| Amounts payable after more than one year | 17 | €32,815 | €19,825 | -€12,990 | -39.6% |
| Financial debts | 170/4 | €32,815 | €19,825 | -€12,990 | -39.6% |
| Amounts payable within one year | 42/48 | €81,042 | €68,310 | -€12,732 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €12,812 | €11,688 | -€1,124 | -8.8% |
| Trade debts | 44 | - | €1,420 | +€1,420 | |
| Suppliers | 440/4 | - | €1,420 | +€1,420 | |
| Taxes, remuneration and social security | 45 | €1,108 | €293 | -€815 | -73.5% |
| Taxes | 450/3 | €1,108 | €293 | -€815 | -73.5% |
| Other amounts payable | 47/48 | €67,122 | €54,909 | -€12,214 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,376 | €17,839 | +€464 | +2.7% |
| Other operating charges | 640/8 | €6,189 | €5,741 | -€448 | -7.2% |
| Gross operating margin | 9900 | €33,710 | €32,467 | -€1,243 | -3.7% |
| Operating profit (loss) | 9901 | €10,145 | €8,887 | -€1,258 | -12.4% |
| Financial charges | 65/66B | €1,889 | €806 | -€1,083 | -57.3% |
| Recurring financial charges | 65 | €1,889 | €806 | -€1,083 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €8,256 | €8,081 | -€175 | -2.1% |
| Income taxes | 67/77 | €7,284 | €5,288 | -€1,996 | -27.4% |
| Profit (loss) for the period | 9904 | €972 | €2,793 | +€1,821 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €972 | €2,793 | +€1,821 | +187% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.