BNL 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.
BNL IMMO
Largest movements
- Cash -€51,381
down €51,381 (-89.5%), from €57,395 to €6,014
mainly Other debts (-€71,918) and Net result for the year (-€34,505)
- Receivables within one year -€49,797
down €49,797 (-16.1%), from €308,984 to €259,187
of which Trade receivables: -€41,707
- Other debts -€71,918
down €71,918 (-49.6%), from €144,931 to €73,013
- Reserves -€34,505
down €34,505 (-2.7%), from €1.3m to €1.2m
of which Distributable reserves: -€34,505
- Other operating charges -€60,127
down €60,127 (-93.5%), from €64,301 to €4,174
- Gross operating margin +€8,811
up €8,811 (+22.3%), from -€39,491 to -€30,679
- Taxes -€1,448
down €1,448 (-87.2%), from €1,660 to €213
- Financial charges +€1,011
up €1,011 (+36.1%), from €2,802 to €3,812
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 | €1,701,394 | €1,590,968 | -€110,426 | -6.5% |
| Fixed assets | 21/28 | €1,333,860 | €1,323,870 | -€9,990 | -0.7% |
| Tangible fixed assets | 22/27 | €290,110 | €280,120 | -€9,990 | -3.4% |
| Land and buildings | 22 | €290,110 | €280,120 | -€9,990 | -3.4% |
| Financial fixed assets | 28 | €1,043,750 | €1,043,750 | = | 0.0% |
| Current assets | 29/58 | €367,534 | €267,098 | -€100,436 | -27.3% |
| Amounts receivable within one year | 40/41 | €308,984 | €259,187 | -€49,797 | -16.1% |
| Trade receivables | 40 | €42,720 | €1,013 | -€41,707 | -97.6% |
| Other amounts receivable | 41 | €266,264 | €258,174 | -€8,090 | -3.0% |
| Cash at bank and in hand | 54/58 | €57,395 | €6,014 | -€51,381 | -89.5% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,897 | +€742 | +64.3% |
| Total equity and liabilities | 10/49 | €1,701,394 | €1,590,968 | -€110,426 | -6.5% |
| Equity | 10/15 | €1,415,828 | €1,381,324 | -€34,505 | -2.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,265,828 | €1,231,324 | -€34,505 | -2.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,265,828 | €1,231,324 | -€34,505 | -2.7% |
| Amounts payable | 17/49 | €285,565 | €209,644 | -€75,921 | -26.6% |
| Amounts payable after more than one year | 17 | €135,370 | €135,370 | = | 0.0% |
| Other amounts payable | 178/9 | €135,370 | €135,370 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,195 | €74,251 | -€75,945 | -50.6% |
| Trade debts | 44 | €3,089 | €461 | -€2,628 | -85.1% |
| Suppliers | 440/4 | €3,089 | €461 | -€2,628 | -85.1% |
| Taxes, remuneration and social security | 45 | €2,176 | €776 | -€1,399 | -64.3% |
| Taxes | 450/3 | €2,176 | €776 | -€1,399 | -64.3% |
| Other amounts payable | 47/48 | €144,931 | €73,013 | -€71,918 | -49.6% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,990 | €9,990 | = | 0.0% |
| Other operating charges | 640/8 | €64,301 | €4,174 | -€60,127 | -93.5% |
| Non-recurring operating charges | 66A | €1,744 | €0 | -€1,744 | -100% |
| Gross operating margin | 9900 | -€39,491 | -€30,679 | +€8,811 | +22.3% |
| Operating profit (loss) | 9901 | -€115,526 | -€44,843 | +€70,682 | +61.2% |
| Financial income | 75/76B | €14,547 | €14,363 | -€184 | -1.3% |
| Recurring financial income | 75 | €14,547 | €14,363 | -€184 | -1.3% |
| Financial charges | 65/66B | €2,802 | €3,812 | +€1,011 | +36.1% |
| Recurring financial charges | 65 | €2,802 | €3,812 | +€1,011 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€103,780 | -€34,292 | +€69,488 | +67.0% |
| Income taxes | 67/77 | €1,660 | €213 | -€1,448 | -87.2% |
| Profit (loss) for the period | 9904 | -€105,441 | -€34,505 | +€70,936 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,441 | -€34,505 | +€70,936 | +67.3% |
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 14 October 2026 via checked.be.