Immo A. en W.: what changed
What changed
Immo A. en W.
filed annual accounts (NBB)
Net result for the year
€528,993
2024 · €447,535+€81,459
Equity
€5.4m
2024 · €4.9m+€528,993
Cash
€371,374
2024 · €1.4m-€995,897
Balance sheet total
€5.5m
2024 · €5.0m+€534,675
Largest movements
Assets
- Current investments +€1.6m
up €1.6m (+6,675%), from €24,040 to €1.6m
- Cash -€995,897
down €995,897 (-72.8%), from €1.4m to €371,374
mainly Current investments (-€1.6m) and Receivables within one year (-€12,729)
- Tangible fixed assets -€86,973
down €86,973 (-2.5%), from €3.5m to €3.4m
of which Land and buildings: -€87,769
Equity and liabilities
- Reserves +€528,909
up €528,909 (+55.1%), from €960,547 to €1.5m
of which Distributable reserves: +€523,000
Income statement
- Gross operating margin +€106,060
up €106,060 (+13.1%), from €812,499 to €918,559
- Taxes +€38,637
up €38,637 (+18.5%), from €208,889 to €247,526
- Financial income +€16,638
up €16,638 (+97.2%), from €17,118 to €33,756
Change in the result, 2024 to 2025
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 2024
€447,535
Gross operating margin
+€106,060
Depreciation
-€284
Other operating charges
-€2,549
Financial income
+€16,638
Financial charges
+€230
Taxes
-€38,637
Result 2025
€528,993
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€610,398
Investment
-€1.6m
Financing
€0
Cash 2024
€1.4m
From operations (derived)
+€610,398
Net result for the year
+€528,993
Depreciation
+€88,552
Receivables within one year
-€12,729
Smaller working-capital items
+€5,582
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1,579
Current investments
-€1.6m
Cash 2025
€371,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,969,483 | €5,504,158 | +€534,675 | +10.8% |
| Fixed assets | 21/28 | €3,528,659 | €3,441,686 | -€86,973 | -2.5% |
| Tangible fixed assets | 22/27 | €3,528,659 | €3,441,686 | -€86,973 | -2.5% |
| Land and buildings | 22 | €3,526,984 | €3,439,215 | -€87,769 | -2.5% |
| Plant, machinery and equipment | 23 | €1,675 | €2,471 | +€796 | +47.6% |
| Current assets | 29/58 | €1,440,824 | €2,062,472 | +€621,648 | +43.1% |
| Amounts receivable within one year | 40/41 | €37,885 | €50,614 | +€12,729 | +33.6% |
| Other amounts receivable | 41 | €37,885 | €50,614 | +€12,729 | +33.6% |
| Current investments | 50/53 | €24,040 | €1,628,756 | +€1.6m | +6,675% |
| Cash at bank and in hand | 54/58 | €1,367,271 | €371,374 | -€995,897 | -72.8% |
| Deferred charges and accrued income | 490/1 | €11,629 | €11,729 | +€100 | +0.9% |
| Total equity and liabilities | 10/49 | €4,969,483 | €5,504,158 | +€534,675 | +10.8% |
| Equity | 10/15 | €4,920,042 | €5,449,036 | +€528,993 | +10.8% |
| Contributions | 10/11 | €3,958,961 | €3,958,961 | = | 0.0% |
| Capital | 10 | €542,387 | €542,387 | = | 0.0% |
| Issued capital | 100 | €542,387 | €542,387 | = | 0.0% |
| Contributions outside capital | 11 | €3,416,574 | €3,416,574 | = | 0.0% |
| Share premium | 1100/10 | €3,416,574 | €3,416,574 | = | 0.0% |
| Reserves | 13 | €960,547 | €1,489,456 | +€528,909 | +55.1% |
| Non-distributable reserves | 130/1 | €49,354 | €55,263 | +€5,909 | +12.0% |
| Legal reserve | 130 | €48,330 | €54,239 | +€5,909 | +12.2% |
| Other | 1319 | €1,025 | €1,025 | = | 0.0% |
| Distributable reserves | 133 | €911,193 | €1,434,193 | +€523,000 | +57.4% |
| Profit (loss) carried forward | 14 | €534 | €618 | +€84 | +15.8% |
| Amounts payable | 17/49 | €49,441 | €55,122 | +€5,682 | +11.5% |
| Amounts payable within one year | 42/48 | €49,441 | €55,122 | +€5,682 | +11.5% |
| Trade debts | 44 | - | €2,055 | +€2,055 | |
| Suppliers | 440/4 | - | €2,055 | +€2,055 | |
| Taxes, remuneration and social security | 45 | €48,875 | €52,300 | +€3,425 | +7.0% |
| Taxes | 450/3 | €48,875 | €52,300 | +€3,425 | +7.0% |
| Other amounts payable | 47/48 | €566 | €767 | +€201 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,268 | €88,552 | +€284 | +0.3% |
| Other operating charges | 640/8 | €83,368 | €85,916 | +€2,549 | +3.1% |
| Gross operating margin | 9900 | €812,499 | €918,559 | +€106,060 | +13.1% |
| Operating profit (loss) | 9901 | €640,863 | €744,091 | +€103,228 | +16.1% |
| Financial income | 75/76B | €17,118 | €33,756 | +€16,638 | +97.2% |
| Recurring financial income | 75 | €17,118 | €33,756 | +€16,638 | +97.2% |
| Financial charges | 65/66B | €1,558 | €1,327 | -€230 | -14.8% |
| Recurring financial charges | 65 | €1,558 | €1,327 | -€230 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €656,424 | €776,520 | +€120,096 | +18.3% |
| Income taxes | 67/77 | €208,889 | €247,526 | +€38,637 | +18.5% |
| Profit (loss) for the period | 9904 | €447,535 | €528,993 | +€81,459 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €447,535 | €528,993 | +€81,459 | +18.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.