I-Building: 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.
What changed
I-Building
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€148,264
2023 · €485,867-€634,131
Equity
€1.3m
2023 · €1.5m-€148,264
Cash
€84,220
2023 · €88,239-€4,019
Balance sheet total
€3.0m
2023 · €2.7m+€274,129
Largest movements
Assets
- Tangible fixed assets +€929,610
up €929,610 (+49.6%), from €1.9m to €2.8m
of which Land and buildings: +€902,481
- Current investments -€649,838
down €649,838 (-92.8%), from €700,000 to €50,163
Equity and liabilities
- Debts after one year +€330,027
up €330,027 (+69.5%), from €474,621 to €804,647
- Profit (loss) carried forward -€135,784
down €135,784 (-7.8%), from -€1.7m to -€1.9m
- Trade debts +€92,879
up €92,879 (+747.2%), from €12,430 to €105,309
Income statement
- Gross operating margin -€679,810
down €679,810 (-83.6%), from €813,106 to €133,296
- Depreciation +€136,167
up €136,167 (+132.9%), from €102,429 to €238,596
- Financial income +€13,766
up €13,766 (+6558.5%), from €210 to €13,976
- Financial charges +€11,528
up €11,528 (+43.8%), from €26,320 to €37,849
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.
Result 2023
€485,867
Gross operating margin
-€679,810
Depreciation
-€136,167
Other operating charges
+€2,310
Financial income
+€13,766
Financial charges
-€11,528
Taxes
+€163
Deferred taxes and other
+€177,135
Result 2024
-€148,264
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.
From operations
+€167,735
Investment
-€518,369
Financing
+€346,615
Cash 2023
€88,239
From operations (derived)
+€167,735
Net result for the year
-€148,264
Depreciation
+€238,596
Smaller working-capital items
-€1,023
Provisions
-€4,160
Trade debts
+€92,879
Other debts
-€10,293
Investment (derived)
-€518,369
Investment in fixed assets (net)
-€1.2m
Current investments
+€649,838
Financing
+€346,615
Debts after one year
+€330,027
Current portion of long-term debt
+€16,588
Cash 2024
€84,220
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,677,534 | €2,951,663 | +€274,129 | +10.2% |
| Fixed assets | 21/28 | €1,875,208 | €2,804,817 | +€929,610 | +49.6% |
| Tangible fixed assets | 22/27 | €1,875,208 | €2,804,817 | +€929,610 | +49.6% |
| Land and buildings | 22 | €1,859,087 | €2,761,568 | +€902,481 | +48.5% |
| Plant, machinery and equipment | 23 | €16,120 | €35,618 | +€19,497 | +121.0% |
| Furniture and vehicles | 24 | - | €7,632 | +€7,632 | |
| Current assets | 29/58 | €802,326 | €146,846 | -€655,480 | -81.7% |
| Amounts receivable within one year | 40/41 | €9,960 | €8,253 | -€1,707 | -17.1% |
| Trade receivables | 40 | €7,994 | €3,535 | -€4,460 | -55.8% |
| Other amounts receivable | 41 | €1,966 | €4,718 | +€2,752 | +140.0% |
| Current investments | 50/53 | €700,000 | €50,163 | -€649,838 | -92.8% |
| Cash at bank and in hand | 54/58 | €88,239 | €84,220 | -€4,019 | -4.6% |
| Deferred charges and accrued income | 490/1 | €4,127 | €4,211 | +€83 | +2.0% |
| Total equity and liabilities | 10/49 | €2,677,534 | €2,951,663 | +€274,129 | +10.2% |
| Equity | 10/15 | €1,466,417 | €1,318,153 | -€148,264 | -10.1% |
| Contributions | 10/11 | €2,367,383 | €2,367,383 | = | 0.0% |
| Capital | 10 | €2,367,383 | €2,367,383 | = | 0.0% |
| Issued capital | 100 | €2,367,383 | €2,367,383 | = | 0.0% |
| Reserves | 13 | €829,551 | €817,071 | -€12,480 | -1.5% |
| Tax-exempt reserves | 132 | €518,925 | €506,445 | -€12,480 | -2.4% |
| Distributable reserves | 133 | €310,626 | €310,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,730,517 | -€1,866,301 | -€135,784 | -7.8% |
| Provisions and deferred taxes | 16 | €172,975 | €168,815 | -€4,160 | -2.4% |
| Deferred taxes | 168 | €172,975 | €168,815 | -€4,160 | -2.4% |
| Amounts payable | 17/49 | €1,038,142 | €1,464,696 | +€426,554 | +41.1% |
| Amounts payable after more than one year | 17 | €474,621 | €804,647 | +€330,027 | +69.5% |
| Financial debts | 170/4 | €474,621 | €804,647 | +€330,027 | +69.5% |
| Amounts payable within one year | 42/48 | €563,521 | €660,048 | +€96,527 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €49,881 | €66,469 | +€16,588 | +33.3% |
| Financial debts | 43 | €479,600 | €479,600 | = | 0.0% |
| Other loans | 439 | €479,600 | €479,600 | = | 0.0% |
| Trade debts | 44 | €12,430 | €105,309 | +€92,879 | +747.2% |
| Suppliers | 440/4 | €12,430 | €105,309 | +€92,879 | +747.2% |
| Taxes, remuneration and social security | 45 | €8,398 | €5,751 | -€2,647 | -31.5% |
| Taxes | 450/3 | €8,398 | €5,051 | -€3,347 | -39.9% |
| Remuneration and social security | 454/9 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €13,212 | €2,919 | -€10,293 | -77.9% |
| Non-recurring operating income | 76A | €694,646 | - | -€694,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,429 | €238,596 | +€136,167 | +132.9% |
| Other operating charges | 640/8 | €25,273 | €22,963 | -€2,310 | -9.1% |
| Gross operating margin | 9900 | €813,106 | €133,296 | -€679,810 | -83.6% |
| Operating profit (loss) | 9901 | €685,403 | -€128,263 | -€813,667 | |
| Financial income | 75/76B | €210 | €13,976 | +€13,766 | +6558.5% |
| Recurring financial income | 75 | €210 | €13,976 | +€13,766 | +6558.5% |
| Financial charges | 65/66B | €26,320 | €37,849 | +€11,528 | +43.8% |
| Recurring financial charges | 65 | €26,320 | €37,849 | +€11,528 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €659,293 | -€152,136 | -€811,429 | |
| Transfer from deferred taxes | 780 | €686 | €4,160 | +€3,474 | +506.0% |
| Transfer to deferred taxes | 680 | €173,662 | - | -€173,662 | |
| Income taxes | 67/77 | €451 | €289 | -€163 | -36.0% |
| Profit (loss) for the period | 9904 | €485,867 | -€148,264 | -€634,131 | |
| Transfer from tax-exempt reserves | 789 | €2,059 | €12,480 | +€10,421 | +506.0% |
| Transfer to tax-exempt reserves | 689 | €520,985 | - | -€520,985 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,059 | -€135,784 | -€102,725 | -310.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.