FLANDERS IMMO JB: what changed
Two fiscal 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.
FLANDERS IMMO JB
Largest movements
- Stocks and contracts -€1.8m
down €1.8m (-31.2%), from €5.8m to €4.0m
- Receivables within one year +€436,189
up €436,189 (+18.2%), from €2.4m to €2.8m
of which Other amounts receivable: +€434,422
- Cash -€408,608
down €408,608 (-41.8%), from €978,199 to €569,591
mainly Other debts (-€803,166) and Net result for the year (-€504,577)
- Financial fixed assets +€239,452
up €239,452 (+8.3%), from €2.9m to €3.1m
- Other debts -€803,166
down €803,166 (-31.6%), from €2.5m to €1.7m
- Profit (loss) carried forward -€504,577
down €504,577 (-47.0%), from €1.1m to €568,411
- Financial charges -€757,877
down €757,877 (-56.4%), from €1.3m to €585,799
of which Non-recurring financial charges: -€588,219
- Gross operating margin -€702,070
down €702,070 (-45.5%), from €1.5m to €839,655
- Financial income -€628,918
down €628,918 (-79.8%), from €787,994 to €159,076
of which Non-recurring financial income: -€591,667
- Write-downs +€361,353
up €361,353 (+120.5%), from €300,000 to €661,353
- Taxes -€105,573
down €105,573, from €104,114 to -€1,459
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.
Cash bridge derived
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 | €17,051,667 | €15,595,835 | -€1.5m | -8.5% |
| Fixed assets | 21/28 | €7,579,214 | €7,863,597 | +€284,383 | +3.8% |
| Tangible fixed assets | 22/27 | €4,693,821 | €4,738,752 | +€44,931 | +1.0% |
| Land and buildings | 22 | €4,693,821 | €4,738,752 | +€44,931 | +1.0% |
| Financial fixed assets | 28 | €2,885,393 | €3,124,845 | +€239,452 | +8.3% |
| Current assets | 29/58 | €9,472,453 | €7,732,237 | -€1.7m | -18.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €5,773,278 | €3,974,631 | -€1.8m | -31.2% |
| Stocks | 30/36 | €5,773,278 | €3,974,631 | -€1.8m | -31.2% |
| Amounts receivable within one year | 40/41 | €2,399,951 | €2,836,140 | +€436,189 | +18.2% |
| Trade receivables | 40 | €3,984 | €5,751 | +€1,767 | +44.4% |
| Other amounts receivable | 41 | €2,395,968 | €2,830,389 | +€434,422 | +18.1% |
| Current investments | 50/53 | €250,625 | €250,625 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €978,199 | €569,591 | -€408,608 | -41.8% |
| Deferred charges and accrued income | 490/1 | €70,400 | €101,250 | +€30,850 | +43.8% |
| Total equity and liabilities | 10/49 | €17,051,667 | €15,595,835 | -€1.5m | -8.5% |
| Equity | 10/15 | €6,182,750 | €5,678,173 | -€504,577 | -8.2% |
| Contributions | 10/11 | €3,500,000 | €3,500,000 | = | 0.0% |
| Capital | 10 | €3,500,000 | €3,500,000 | = | 0.0% |
| Issued capital | 100 | €3,500,000 | €3,500,000 | = | 0.0% |
| Reserves | 13 | €1,609,763 | €1,609,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €266,625 | €266,625 | = | 0.0% |
| Legal reserve | 130 | €265,431 | €265,431 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,194 | €1,194 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,087 | €42,087 | = | 0.0% |
| Distributable reserves | 133 | €1,301,050 | €1,301,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,072,988 | €568,411 | -€504,577 | -47.0% |
| Amounts payable | 17/49 | €10,868,917 | €9,917,661 | -€951,256 | -8.8% |
| Amounts payable after more than one year | 17 | €6,301,708 | €6,392,940 | +€91,232 | +1.4% |
| Financial debts | 170/4 | €6,301,708 | €6,392,940 | +€91,232 | +1.4% |
| Amounts payable within one year | 42/48 | €4,414,314 | €3,461,812 | -€952,502 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €139,065 | €145,240 | +€6,175 | +4.4% |
| Financial debts | 43 | €1,587,212 | €1,422,216 | -€164,996 | -10.4% |
| Credit institutions | 430/8 | €1,587,212 | €1,422,216 | -€164,996 | -10.4% |
| Trade debts | 44 | €3,342 | €42,891 | +€39,549 | +1183.3% |
| Suppliers | 440/4 | €3,342 | €42,891 | +€39,549 | +1183.3% |
| Taxes, remuneration and social security | 45 | €139,360 | €109,298 | -€30,062 | -21.6% |
| Taxes | 450/3 | €139,360 | €109,298 | -€30,062 | -21.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,545,334 | €1,742,167 | -€803,166 | -31.6% |
| Accrued charges and deferred income | 492/3 | €152,896 | €62,910 | -€89,986 | -58.9% |
| Non-recurring operating income | 76A | €10,290 | €0 | -€10,290 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,904 | €217,179 | +€275 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €300,000 | €661,353 | +€361,353 | +120.5% |
| Other operating charges | 640/8 | €51,388 | €40,436 | -€10,951 | -21.3% |
| Gross operating margin | 9900 | €1,541,725 | €839,655 | -€702,070 | -45.5% |
| Operating profit (loss) | 9901 | €973,433 | -€79,313 | -€1.1m | |
| Financial income | 75/76B | €787,994 | €159,076 | -€628,918 | -79.8% |
| Recurring financial income | 75 | €196,327 | €159,076 | -€37,251 | -19.0% |
| Non-recurring financial income | 76B | €591,667 | €0 | -€591,667 | -100.0% |
| Financial charges | 65/66B | €1,343,676 | €585,799 | -€757,877 | -56.4% |
| Recurring financial charges | 65 | €755,457 | €585,799 | -€169,658 | -22.5% |
| Non-recurring financial charges | 66B | €588,219 | €0 | -€588,219 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €417,751 | -€506,036 | -€923,787 | |
| Income taxes | 67/77 | €104,114 | -€1,459 | -€105,573 | |
| Profit (loss) for the period | 9904 | €313,637 | -€504,577 | -€818,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €313,637 | -€504,577 | -€818,213 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.