BELGICA 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.
BELGICA IMMO
Largest movements
- Tangible fixed assets -€45,895
down €45,895 (-8.4%), from €543,987 to €498,093
- Receivables within one year +€17,972
up €17,972 (+17.0%), from €105,810 to €123,782
of which Trade receivables: +€17,972
- Trade debts -€75,387
down €75,387 (-49.8%), from €151,245 to €75,858
- Profit (loss) carried forward +€67,004
up €67,004, from -€17,622 to €49,382
- Debts after one year -€18,490
down €18,490 (-5.3%), from €349,927 to €331,437
- Gross operating margin +€68,683
up €68,683 (+107%), from €64,379 to €133,062
- Turnover -€24,223
down €24,223 (-29.3%), from €82,808 to €58,585
- Purchases and services -€13,520
down €13,520 (-28.1%), from €48,136 to €34,616
- Taxes +€7,935
up €7,935 (+4,534%), from €175 to €8,110
- Financial charges -€3,217
down €3,217 (-30.4%), from €10,585 to €7,369
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,940 | €627,969 | -€30,971 | -4.7% |
| Fixed assets | 21/28 | €548,047 | €502,153 | -€45,895 | -8.4% |
| Tangible fixed assets | 22/27 | €543,987 | €498,093 | -€45,895 | -8.4% |
| Land and buildings | 22 | €543,987 | €498,093 | -€45,895 | -8.4% |
| Financial fixed assets | 28 | €4,060 | €4,060 | = | 0.0% |
| Current assets | 29/58 | €110,893 | €125,816 | +€14,923 | +13.5% |
| Amounts receivable within one year | 40/41 | €105,810 | €123,782 | +€17,972 | +17.0% |
| Trade receivables | 40 | €52,416 | €70,389 | +€17,972 | +34.3% |
| Other amounts receivable | 41 | €53,393 | €53,393 | = | 0.0% |
| Current investments | 50/53 | €4,566 | €1,517 | -€3,049 | -66.8% |
| Deferred charges and accrued income | 490/1 | €517 | €517 | = | 0.0% |
| Total equity and liabilities | 10/49 | €658,940 | €627,969 | -€30,971 | -4.7% |
| Equity | 10/15 | €2,838 | €69,842 | +€67,004 | +2,361% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,622 | €49,382 | +€67,004 | |
| Amounts payable | 17/49 | €656,102 | €558,127 | -€97,975 | -14.9% |
| Amounts payable after more than one year | 17 | €349,927 | €331,437 | -€18,490 | -5.3% |
| Financial debts | 170/4 | €349,927 | €331,437 | -€18,490 | -5.3% |
| Amounts payable within one year | 42/48 | €297,351 | €217,866 | -€79,485 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €18,093 | €19,990 | +€1,897 | +10.5% |
| Trade debts | 44 | €151,245 | €75,858 | -€75,387 | -49.8% |
| Suppliers | 440/4 | €151,245 | €75,858 | -€75,387 | -49.8% |
| Advances received on contracts in progress | 46 | €1,750 | - | -€1,750 | |
| Taxes, remuneration and social security | 45 | €2,962 | - | -€2,962 | |
| Taxes | 450/3 | €2,962 | - | -€2,962 | |
| Other amounts payable | 47/48 | €123,301 | €122,019 | -€1,283 | -1.0% |
| Accrued charges and deferred income | 492/3 | €8,824 | €8,824 | = | 0.0% |
| Turnover | 70 | €82,808 | €58,585 | -€24,223 | -29.3% |
| Non-recurring operating income | 76A | €29,706 | €109,093 | +€79,386 | +267% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,136 | €34,616 | -€13,520 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,799 | €45,895 | +€1,096 | +2.4% |
| Other operating charges | 640/8 | €3,251 | €3,376 | +€125 | +3.8% |
| Non-recurring operating charges | 66A | €3,192 | €1,309 | -€1,883 | -59.0% |
| Gross operating margin | 9900 | €64,379 | €133,062 | +€68,683 | +107% |
| Operating profit (loss) | 9901 | €13,137 | €82,482 | +€69,345 | +528% |
| Financial charges | 65/66B | €10,585 | €7,369 | -€3,217 | -30.4% |
| Recurring financial charges | 65 | €10,585 | €7,369 | -€3,217 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €2,552 | €75,113 | +€72,562 | +2,844% |
| Income taxes | 67/77 | €175 | €8,110 | +€7,935 | +4,534% |
| Profit (loss) for the period | 9904 | €2,377 | €67,004 | +€64,627 | +2,719% |
| Profit (loss) for the period to be appropriated | 9905 | €2,377 | €67,004 | +€64,627 | +2,719% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.