IMMASSUR GROUP: what changed
What changed
IMMASSUR GROUP
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€6,875
2022 · -€29,987+€36,862
Equity
€101,387
2022 · €94,512+€6,875
Cash
€18,425
2022 · €96,759-€78,334
Balance sheet total
€269,686
2022 · €328,688-€59,002
Largest movements
Assets
- Cash -€78,334
down €78,334 (-81.0%), from €96,759 to €18,425
mainly Advances received (-€33,841) and Receivables within one year (-€17,576)
- Receivables within one year +€17,576
up €17,576 (+21.4%), from €82,060 to €99,636
of which Trade receivables: +€16,193
Equity and liabilities
- Advances received -€33,841
down €33,841 (-24.3%), from €139,403 to €105,562
- Trade debts -€17,122
down €17,122 (-78.0%), from €21,943 to €4,821
- Debts after one year -€13,412
down €13,412 (-38.7%), from €34,639 to €21,227
- Profit (loss) carried forward +€6,875
up €6,875 (+39.3%), from -€17,481 to -€10,607
Income statement
- Staff costs -€19,479
down €19,479 (-75.9%), from €25,673 to €6,194
- Gross operating margin +€16,000
up €16,000 (+380%), from €4,213 to €20,212
- Financial charges -€1,909
down €1,909 (-34.4%), from €5,545 to €3,637
- Taxes +€1,726
up €1,726 (+262%), from €658 to €2,384
- Depreciation -€983
down €983 (-65.3%), from €1,506 to €523
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
-€29,987
Gross operating margin
+€16,000
Staff costs
+€19,479
Depreciation
+€983
Other operating charges
+€112
Other operating items
-€5
Financial income
+€110
Financial charges
+€1,909
Taxes
-€1,726
Result 2023
€6,875
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€63,419
Investment
-€2,279
Financing
-€12,636
Cash 2022
€96,759
From operations (derived)
-€63,419
Net result for the year
+€6,875
Depreciation
+€523
Receivables within one year
-€17,576
Trade debts
-€17,122
Tax, wage and social debts
-€2,279
Advances received
-€33,841
Investment (derived)
-€2,279
Investment in fixed assets (net)
-€2,279
Financing
-€12,636
Debts after one year
-€13,412
Current portion of long-term debt
+€776
Cash 2023
€18,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,688 | €269,686 | -€59,002 | -18.0% |
| Fixed assets | 21/28 | €3,870 | €5,625 | +€1,756 | +45.4% |
| Tangible fixed assets | 22/27 | €1,990 | €3,745 | +€1,756 | +88.3% |
| Plant, machinery and equipment | 23 | €1,990 | €3,745 | +€1,756 | +88.3% |
| Financial fixed assets | 28 | €1,880 | €1,880 | = | 0.0% |
| Current assets | 29/58 | €324,819 | €264,060 | -€60,758 | -18.7% |
| Amounts receivable after more than one year | 29 | €46,000 | €46,000 | = | 0.0% |
| Other amounts receivable | 291 | €46,000 | €46,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,060 | €99,636 | +€17,576 | +21.4% |
| Trade receivables | 40 | €81,926 | €98,119 | +€16,193 | +19.8% |
| Other amounts receivable | 41 | €134 | €1,517 | +€1,383 | +1,036% |
| Cash at bank and in hand | 54/58 | €96,759 | €18,425 | -€78,334 | -81.0% |
| Deferred charges and accrued income | 490/1 | €100,000 | €100,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €328,688 | €269,686 | -€59,002 | -18.0% |
| Equity | 10/15 | €94,512 | €101,387 | +€6,875 | +7.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €105,797 | €105,797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,866 | €1,866 | = | 0.0% |
| Legal reserve | 130 | €1,866 | €1,866 | = | 0.0% |
| Distributable reserves | 133 | €103,931 | €103,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,481 | -€10,607 | +€6,875 | +39.3% |
| Amounts payable | 17/49 | €234,176 | €168,299 | -€65,877 | -28.1% |
| Amounts payable after more than one year | 17 | €34,639 | €21,227 | -€13,412 | -38.7% |
| Financial debts | 170/4 | €34,639 | €21,227 | -€13,412 | -38.7% |
| Amounts payable within one year | 42/48 | €199,537 | €147,072 | -€52,466 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €11,635 | €12,411 | +€776 | +6.7% |
| Trade debts | 44 | €21,943 | €4,821 | -€17,122 | -78.0% |
| Suppliers | 440/4 | €21,943 | €4,821 | -€17,122 | -78.0% |
| Advances received on contracts in progress | 46 | €139,403 | €105,562 | -€33,841 | -24.3% |
| Taxes, remuneration and social security | 45 | €15,036 | €12,757 | -€2,279 | -15.2% |
| Taxes | 450/3 | - | €3,404 | +€3,404 | |
| Remuneration and social security | 454/9 | €15,036 | €9,354 | -€5,682 | -37.8% |
| Other amounts payable | 47/48 | €11,521 | €11,521 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €25,673 | €6,194 | -€19,479 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,506 | €523 | -€983 | -65.3% |
| Other operating charges | 640/8 | €806 | €694 | -€112 | -13.9% |
| Non-recurring operating charges | 66A | €10 | €15 | +€5 | +50.0% |
| Gross operating margin | 9900 | €4,213 | €20,212 | +€16,000 | +380% |
| Operating profit (loss) | 9901 | -€23,783 | €12,786 | +€36,569 | |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €5,545 | €3,637 | -€1,909 | -34.4% |
| Recurring financial charges | 65 | €5,545 | €3,637 | -€1,909 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,328 | €9,259 | +€38,588 | |
| Income taxes | 67/77 | €658 | €2,384 | +€1,726 | +262% |
| Profit (loss) for the period | 9904 | -€29,987 | €6,875 | +€36,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,987 | €6,875 | +€36,862 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.