BELGINVEST 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.
BELGINVEST IMMO
Largest movements
- Tangible fixed assets -€65,748
down €65,748 (-7.8%), from €846,408 to €780,660
- Profit (loss) carried forward -€61,531
down €61,531 (-8.4%), from -€730,178 to -€791,709
- Depreciation -€7,605
down €7,605 (-10.4%), from €73,353 to €65,748
- Gross operating margin +€6,139
up €6,139 (+7.5%), from €82,276 to €88,415
- Other operating charges -€5,951
no longer reported in 2025 (was €5,951)
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €846,408 | €780,660 | -€65,748 | -7.8% |
| Fixed assets | 21/28 | €846,408 | €780,660 | -€65,748 | -7.8% |
| Tangible fixed assets | 22/27 | €846,408 | €780,660 | -€65,748 | -7.8% |
| Land and buildings | 22 | €846,408 | €780,660 | -€65,748 | -7.8% |
| Total equity and liabilities | 10/49 | €846,408 | €780,660 | -€65,748 | -7.8% |
| Equity | 10/15 | -€580,178 | -€641,709 | -€61,531 | -10.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€730,178 | -€791,709 | -€61,531 | -8.4% |
| Amounts payable | 17/49 | €1,426,586 | €1,422,369 | -€4,217 | -0.3% |
| Amounts payable after more than one year | 17 | €20,330 | €20,330 | = | 0.0% |
| Other amounts payable | 178/9 | €20,330 | €20,330 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,406,256 | €1,402,039 | -€4,217 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €1,127,518 | €1,127,517 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €278,738 | €274,522 | -€4,216 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,353 | €65,748 | -€7,605 | -10.4% |
| Other operating charges | 640/8 | €5,951 | - | -€5,951 | |
| Gross operating margin | 9900 | €82,276 | €88,415 | +€6,139 | +7.5% |
| Operating profit (loss) | 9901 | €2,972 | €22,667 | +€19,695 | +663% |
| Financial charges | 65/66B | €83,740 | €84,198 | +€458 | +0.5% |
| Recurring financial charges | 65 | €83,740 | €84,198 | +€458 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€80,768 | -€61,531 | +€19,237 | +23.8% |
| Profit (loss) for the period | 9904 | -€80,768 | -€61,531 | +€19,237 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,768 | -€61,531 | +€19,237 | +23.8% |
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 24 October 2026 via checked.be.