IMMO BAETENS-BRAL: what changed
Two financial 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 BAETENS-BRAL
Largest movements
- Tangible fixed assets +€809,774
up €809,774 (+957%), from €84,581 to €894,355
of which Land and buildings: +€810,002
- Cash +€16,175
up €16,175 (+116%), from €13,939 to €30,114
mainly Debts after one year (+€886,188) and Current portion of long-term debt (+€18,323)
- Debts after one year +€886,188
up €886,188 (+886%), from €100,000 to €986,188
of which Financial debts: +€879,288
- Profit (loss) carried forward -€56,401
down €56,401 (-89.4%), from -€63,087 to -€119,488
- Other debts -€24,458
down €24,458 (-45.5%), from €53,734 to €29,276
- Current portion of long-term debt +€18,323
new in 2025: €18,323
- Financial income -€34,857
down €34,857 (-91.0%), from €38,291 to €3,434
of which Non-recurring financial income: -€34,843
- Other operating charges +€15,306
up €15,306 (+3,240%), from €472 to €15,779
- Gross operating margin -€12,307
down €12,307 (-758%), from -€1,624 to -€13,932
- Financial charges +€2,991
up €2,991 (+156%), from €1,918 to €4,909
- Depreciation +€1,867
up €1,867 (+820%), from €228 to €2,094
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.
Derived cash bridge
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 | €98,519 | €924,469 | +€825,950 | +838% |
| Fixed assets | 21/28 | €84,581 | €894,355 | +€809,774 | +957% |
| Tangible fixed assets | 22/27 | €84,581 | €894,355 | +€809,774 | +957% |
| Land and buildings | 22 | €84,208 | €894,210 | +€810,002 | +962% |
| Furniture and vehicles | 24 | €372 | €145 | -€228 | -61.1% |
| Current assets | 29/58 | €13,939 | €30,114 | +€16,175 | +116% |
| Cash at bank and in hand | 54/58 | €13,939 | €30,114 | +€16,175 | +116% |
| Total equity and liabilities | 10/49 | €98,519 | €924,469 | +€825,950 | +838% |
| Equity | 10/15 | -€57,087 | -€113,488 | -€56,401 | -98.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,087 | -€119,488 | -€56,401 | -89.4% |
| Amounts payable | 17/49 | €155,606 | €1,037,957 | +€882,350 | +567% |
| Amounts payable after more than one year | 17 | €100,000 | €986,188 | +€886,188 | +886% |
| Financial debts | 170/4 | €100,000 | €979,288 | +€879,288 | +879% |
| Other amounts payable | 178/9 | - | €6,900 | +€6,900 | |
| Amounts payable within one year | 42/48 | €53,734 | €47,661 | -€6,073 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | - | €18,323 | +€18,323 | |
| Trade debts | 44 | - | €62 | +€62 | |
| Suppliers | 440/4 | - | €62 | +€62 | |
| Other amounts payable | 47/48 | €53,734 | €29,276 | -€24,458 | -45.5% |
| Accrued charges and deferred income | 492/3 | €1,872 | €4,107 | +€2,235 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €2,094 | +€1,867 | +820% |
| Other operating charges | 640/8 | €472 | €15,779 | +€15,306 | +3,240% |
| Non-recurring operating charges | 66A | - | €23,120 | +€23,120 | |
| Gross operating margin | 9900 | -€1,624 | -€13,932 | -€12,307 | -758% |
| Operating profit (loss) | 9901 | -€2,325 | -€54,925 | -€52,601 | -2,263% |
| Financial income | 75/76B | €38,291 | €3,434 | -€34,857 | -91.0% |
| Recurring financial income | 75 | €3,448 | €3,434 | -€14 | -0.4% |
| Non-recurring financial income | 76B | €34,843 | - | -€34,843 | |
| Financial charges | 65/66B | €1,918 | €4,909 | +€2,991 | +156% |
| Recurring financial charges | 65 | €1,918 | €4,909 | +€2,991 | +156% |
| Profit (loss) for the period before taxes | 9903 | €34,048 | -€56,401 | -€90,449 | |
| Profit (loss) for the period | 9904 | €34,048 | -€56,401 | -€90,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,048 | -€56,401 | -€90,449 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.