IMMO BAKS: 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 BAKS
Largest movements
- Tangible fixed assets +€60,290
up €60,290 (+6.7%), from €896,822 to €957,112
of which Land and buildings: +€60,709
- Debts after one year +€112,634
up €112,634 (+85.2%), from €132,178 to €244,813
of which Financial debts: +€112,634
- Current portion of long-term debt -€43,320
down €43,320 (-55.1%), from €78,549 to €35,230
- Reserves -€42,794
down €42,794 (-51.0%), from €83,935 to €41,141
of which Tax-exempt reserves: -€26,757
- Other debts +€41,687
up €41,687 (+9.9%), from €419,056 to €460,743
- Trade debts -€18,603
down €18,603 (-9.7%), from €191,397 to €172,794
- Other operating charges +€18,146
up €18,146 (+141%), from €12,847 to €30,993
- Gross operating margin -€15,505
down €15,505 (-12.1%), from €128,469 to €112,964
- Depreciation -€4,012
down €4,012 (-4.3%), from €93,722 to €89,710
- Financial charges +€2,887
up €2,887 (+28.3%), from €10,197 to €13,084
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 | €949,415 | €992,967 | +€43,552 | +4.6% |
| Fixed assets | 21/28 | €896,830 | €957,120 | +€60,290 | +6.7% |
| Tangible fixed assets | 22/27 | €896,822 | €957,112 | +€60,290 | +6.7% |
| Land and buildings | 22 | €895,672 | €956,381 | +€60,709 | +6.8% |
| Plant, machinery and equipment | 23 | €1,150 | €731 | -€419 | -36.4% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €52,585 | €35,847 | -€16,738 | -31.8% |
| Amounts receivable within one year | 40/41 | €4,304 | €4,058 | -€245 | -5.7% |
| Trade receivables | 40 | €0 | €1,892 | +€1,892 | |
| Other amounts receivable | 41 | €4,304 | €2,166 | -€2,137 | -49.7% |
| Cash at bank and in hand | 54/58 | €21,734 | €14,090 | -€7,644 | -35.2% |
| Deferred charges and accrued income | 490/1 | €26,547 | €17,698 | -€8,849 | -33.3% |
| Total equity and liabilities | 10/49 | €949,415 | €992,967 | +€43,552 | +4.6% |
| Equity | 10/15 | €102,535 | €59,741 | -€42,794 | -41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,935 | €41,141 | -€42,794 | -51.0% |
| Tax-exempt reserves | 132 | €26,757 | - | -€26,757 | |
| Distributable reserves | 133 | €57,177 | €41,141 | -€16,037 | -28.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €846,880 | €933,226 | +€86,346 | +10.2% |
| Amounts payable after more than one year | 17 | €132,178 | €244,813 | +€112,634 | +85.2% |
| Financial debts | 170/4 | €22,178 | €134,813 | +€112,634 | +508% |
| Other amounts payable | 178/9 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €713,865 | €688,413 | -€25,451 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €78,549 | €35,230 | -€43,320 | -55.1% |
| Trade debts | 44 | €191,397 | €172,794 | -€18,603 | -9.7% |
| Suppliers | 440/4 | €191,397 | €172,794 | -€18,603 | -9.7% |
| Advances received on contracts in progress | 46 | €10,670 | €19,647 | +€8,977 | +84.1% |
| Taxes, remuneration and social security | 45 | €14,193 | €0 | -€14,193 | -100% |
| Taxes | 450/3 | €14,193 | €0 | -€14,193 | -100% |
| Other amounts payable | 47/48 | €419,056 | €460,743 | +€41,687 | +9.9% |
| Accrued charges and deferred income | 492/3 | €837 | €0 | -€837 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,722 | €89,710 | -€4,012 | -4.3% |
| Other operating charges | 640/8 | €12,847 | €30,993 | +€18,146 | +141% |
| Gross operating margin | 9900 | €128,469 | €112,964 | -€15,505 | -12.1% |
| Operating profit (loss) | 9901 | €21,900 | -€7,739 | -€29,639 | |
| Financial income | 75/76B | €1 | €2 | +€2 | +235% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +235% |
| Financial charges | 65/66B | €10,197 | €13,084 | +€2,887 | +28.3% |
| Recurring financial charges | 65 | €10,197 | €13,084 | +€2,887 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €11,703 | -€20,821 | -€32,524 | |
| Income taxes | 67/77 | €23,042 | €21,973 | -€1,069 | -4.6% |
| Profit (loss) for the period | 9904 | -€11,339 | -€42,794 | -€31,455 | -277% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,339 | -€42,794 | -€31,455 | -277% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.