IMMO BAERT: 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.
IMMO BAERT
Largest movements
- Receivables within one year -€12,470
down €12,470 (-30.9%), from €40,302 to €27,832
of which Other amounts receivable: -€20,220
- Tangible fixed assets -€8,389
down €8,389 (-1.4%), from €602,679 to €594,290
- Other debts -€37,500
down €37,500 (-100.0%), from €37,500 to €0
- Reserves +€15,063
up €15,063 (+18.6%), from €80,780 to €95,842
- Gross operating margin -€4,194
down €4,194 (-10.3%), from €40,556 to €36,363
- Taxes -€1,400
down €1,400 (-16.9%), from €8,279 to €6,879
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 | €644,976 | €625,877 | -€19,099 | -3.0% |
| Fixed assets | 21/28 | €602,679 | €594,290 | -€8,389 | -1.4% |
| Tangible fixed assets | 22/27 | €602,679 | €594,290 | -€8,389 | -1.4% |
| Land and buildings | 22 | €602,679 | €594,290 | -€8,389 | -1.4% |
| Current assets | 29/58 | €42,297 | €31,588 | -€10,709 | -25.3% |
| Amounts receivable within one year | 40/41 | €40,302 | €27,832 | -€12,470 | -30.9% |
| Trade receivables | 40 | €3,650 | €11,400 | +€7,750 | +212.3% |
| Other amounts receivable | 41 | €36,652 | €16,432 | -€20,220 | -55.2% |
| Cash at bank and in hand | 54/58 | €1,995 | €3,756 | +€1,761 | +88.3% |
| Total equity and liabilities | 10/49 | €644,976 | €625,877 | -€19,099 | -3.0% |
| Equity | 10/15 | €604,776 | €619,839 | +€15,063 | +2.5% |
| Contributions | 10/11 | €523,996 | €523,996 | = | 0.0% |
| Reserves | 13 | €80,780 | €95,842 | +€15,063 | +18.6% |
| Distributable reserves | 133 | €80,780 | €95,842 | +€15,063 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,200 | €6,038 | -€34,162 | -85.0% |
| Amounts payable within one year | 42/48 | €40,200 | €6,038 | -€34,162 | -85.0% |
| Trade debts | 44 | €222 | €3,560 | +€3,339 | +1504.2% |
| Suppliers | 440/4 | €222 | €3,560 | +€3,339 | +1504.2% |
| Taxes, remuneration and social security | 45 | €2,478 | €2,478 | = | 0.0% |
| Taxes | 450/3 | €2,478 | €2,478 | = | 0.0% |
| Other amounts payable | 47/48 | €37,500 | €0 | -€37,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,703 | €11,726 | +€23 | +0.2% |
| Other operating charges | 640/8 | €3,809 | €3,928 | +€119 | +3.1% |
| Gross operating margin | 9900 | €40,556 | €36,363 | -€4,194 | -10.3% |
| Operating profit (loss) | 9901 | €25,044 | €20,708 | -€4,336 | -17.3% |
| Financial income | 75/76B | €1,054 | €1,313 | +€260 | +24.7% |
| Recurring financial income | 75 | €1,054 | €1,313 | +€260 | +24.7% |
| Financial charges | 65/66B | €78 | €80 | +€2 | +1.9% |
| Recurring financial charges | 65 | €78 | €80 | +€2 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €26,019 | €21,942 | -€4,077 | -15.7% |
| Income taxes | 67/77 | €8,279 | €6,879 | -€1,400 | -16.9% |
| Profit (loss) for the period | 9904 | €17,740 | €15,063 | -€2,678 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,740 | €15,063 | -€2,678 | -15.1% |
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 5 October 2026 via checked.be.