CW 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.
CW IMMO
Largest movements
- Tangible fixed assets -€24,123
down €24,123 (-7.1%), from €340,823 to €316,700
of which Land and buildings: -€22,103
- Cash +€15,252
up €15,252 (+460.4%), from €3,313 to €18,565
mainly Debts after one year (+€171,634) and Net result for the year (+€46,439)
- Other debts -€212,204
down €212,204 (-20.5%), from €1.0m to €820,426
- Debts after one year +€171,634
up €171,634 (+1060.5%), from €16,184 to €187,818
- Profit (loss) carried forward +€46,439
up €46,439 (+5.6%), from -€827,282 to -€780,843
- Current portion of long-term debt -€11,436
down €11,436 (-37.5%), from €30,467 to €19,031
- Tax, wage and social debts +€5,539
up €5,539 (+25.5%), from €21,703 to €27,242
- Gross operating margin +€18,268
up €18,268 (+21.1%), from €86,423 to €104,691
- Taxes +€13,266
up €13,266 (+150.9%), from €8,794 to €22,060
- Other operating charges -€8,983
down €8,983 (-71.9%), from €12,496 to €3,513
- Financial charges +€2,531
up €2,531 (+42.0%), from €6,027 to €8,558
- Depreciation -€2,051
down €2,051 (-8.4%), from €24,382 to €22,331
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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,147 | €339,853 | -€6,294 | -1.8% |
| Fixed assets | 21/28 | €340,823 | €316,700 | -€24,123 | -7.1% |
| Tangible fixed assets | 22/27 | €340,823 | €316,700 | -€24,123 | -7.1% |
| Land and buildings | 22 | €332,415 | €310,312 | -€22,103 | -6.6% |
| Leasing and similar rights | 25 | €228 | - | -€228 | |
| Other tangible fixed assets | 26 | €8,180 | €6,388 | -€1,792 | -21.9% |
| Current assets | 29/58 | €5,324 | €23,153 | +€17,829 | +334.9% |
| Amounts receivable within one year | 40/41 | €1,884 | €4,588 | +€2,704 | +143.5% |
| Trade receivables | 40 | €147 | €4,588 | +€4,441 | +3021.1% |
| Other amounts receivable | 41 | €1,737 | - | -€1,737 | |
| Cash at bank and in hand | 54/58 | €3,313 | €18,565 | +€15,252 | +460.4% |
| Deferred charges and accrued income | 490/1 | €127 | - | -€127 | |
| Total equity and liabilities | 10/49 | €346,147 | €339,853 | -€6,294 | -1.8% |
| Equity | 10/15 | -€765,189 | -€718,750 | +€46,439 | +6.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €593 | €593 | = | 0.0% |
| Non-distributable reserves | 130/1 | €593 | €593 | = | 0.0% |
| Legal reserve | 130 | €593 | €593 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€827,282 | -€780,843 | +€46,439 | +5.6% |
| Amounts payable | 17/49 | €1,111,336 | €1,058,603 | -€52,733 | -4.7% |
| Amounts payable after more than one year | 17 | €16,184 | €187,818 | +€171,634 | +1060.5% |
| Financial debts | 170/4 | €16,184 | €187,818 | +€171,634 | +1060.5% |
| Amounts payable within one year | 42/48 | €1,092,885 | €870,785 | -€222,100 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €30,467 | €19,031 | -€11,436 | -37.5% |
| Trade debts | 44 | €8,085 | €4,086 | -€3,999 | -49.5% |
| Suppliers | 440/4 | €8,085 | €4,086 | -€3,999 | -49.5% |
| Taxes, remuneration and social security | 45 | €21,703 | €27,242 | +€5,539 | +25.5% |
| Taxes | 450/3 | €21,703 | €27,242 | +€5,539 | +25.5% |
| Other amounts payable | 47/48 | €1,032,630 | €820,426 | -€212,204 | -20.5% |
| Accrued charges and deferred income | 492/3 | €2,267 | - | -€2,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,382 | €22,331 | -€2,051 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,792 | +€1,792 | |
| Other operating charges | 640/8 | €12,496 | €3,513 | -€8,983 | -71.9% |
| Gross operating margin | 9900 | €86,423 | €104,691 | +€18,268 | +21.1% |
| Operating profit (loss) | 9901 | €49,545 | €77,055 | +€27,510 | +55.5% |
| Financial income | 75/76B | €8 | €2 | -€6 | -75.0% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -75.0% |
| Financial charges | 65/66B | €6,027 | €8,558 | +€2,531 | +42.0% |
| Recurring financial charges | 65 | €6,027 | €8,558 | +€2,531 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €43,526 | €68,499 | +€24,973 | +57.4% |
| Income taxes | 67/77 | €8,794 | €22,060 | +€13,266 | +150.9% |
| Profit (loss) for the period | 9904 | €34,732 | €46,439 | +€11,707 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,732 | €46,439 | +€11,707 | +33.7% |
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 10 October 2026 via checked.be.