IMMO BARVAUX: 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 BARVAUX
Largest movements
- Cash -€12,905
down €12,905 (-28.6%), from €45,152 to €32,247
mainly Contributions, distributions and other (-€19,200) and Tax, wage and social debts (-€2,602)
- Tangible fixed assets -€1,875
down €1,875 (-11.4%), from €16,390 to €14,516
of which Land and buildings: -€1,495
- Receivables within one year +€1,420
up €1,420 (+89.9%), from €1,580 to €3,000
- Reserves -€16,760
down €16,760 (-30.7%), from €54,584 to €37,824
of which Distributable reserves: -€16,760
- Short-term financial debts +€2,794
new in 2025: €2,794
- Tax, wage and social debts -€2,602
no longer reported in 2025 (was €2,602)
- Trade debts +€2,234
up €2,234 (+66.8%), from €3,344 to €5,578
- Other debts +€973
new in 2025: €973
- Gross operating margin -€441
down €441 (-4.6%), from €9,620 to €9,179
- Other operating charges +€99
up €99 (+3.1%), from €3,169 to €3,268
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 | €63,122 | €49,763 | -€13,360 | -21.2% |
| Fixed assets | 21/28 | €16,390 | €14,516 | -€1,875 | -11.4% |
| Tangible fixed assets | 22/27 | €16,390 | €14,516 | -€1,875 | -11.4% |
| Land and buildings | 22 | €15,695 | €14,200 | -€1,495 | -9.5% |
| Furniture and vehicles | 24 | €695 | €316 | -€379 | -54.5% |
| Current assets | 29/58 | €46,732 | €35,247 | -€11,485 | -24.6% |
| Amounts receivable within one year | 40/41 | €1,580 | €3,000 | +€1,420 | +89.9% |
| Other amounts receivable | 41 | €1,580 | €3,000 | +€1,420 | +89.9% |
| Cash at bank and in hand | 54/58 | €45,152 | €32,247 | -€12,905 | -28.6% |
| Total equity and liabilities | 10/49 | €63,122 | €49,763 | -€13,360 | -21.2% |
| Equity | 10/15 | €57,177 | €40,419 | -€16,759 | -29.3% |
| Contributions | 10/11 | €2,592 | €2,592 | = | 0.0% |
| Reserves | 13 | €54,584 | €37,824 | -€16,760 | -30.7% |
| Non-distributable reserves | 130/1 | €259 | €259 | = | 0.0% |
| Reserves not available under the articles | 1311 | €259 | €259 | = | 0.0% |
| Distributable reserves | 133 | €54,325 | €37,565 | -€16,760 | -30.9% |
| Profit (loss) carried forward | 14 | €1 | €2 | +€1 | +95.3% |
| Amounts payable | 17/49 | €5,945 | €9,344 | +€3,399 | +57.2% |
| Amounts payable within one year | 42/48 | €5,945 | €9,344 | +€3,399 | +57.2% |
| Financial debts | 43 | - | €2,794 | +€2,794 | |
| Credit institutions | 430/8 | - | €2,794 | +€2,794 | |
| Trade debts | 44 | €3,344 | €5,578 | +€2,234 | +66.8% |
| Suppliers | 440/4 | €3,344 | €5,578 | +€2,234 | +66.8% |
| Taxes, remuneration and social security | 45 | €2,602 | - | -€2,602 | |
| Taxes | 450/3 | €2,602 | - | -€2,602 | |
| Other amounts payable | 47/48 | - | €973 | +€973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €1,875 | = | 0.0% |
| Other operating charges | 640/8 | €3,169 | €3,268 | +€99 | +3.1% |
| Gross operating margin | 9900 | €9,620 | €9,179 | -€441 | -4.6% |
| Operating profit (loss) | 9901 | €4,576 | €4,037 | -€539 | -11.8% |
| Financial charges | 65/66B | €59 | €52 | -€7 | -12.1% |
| Recurring financial charges | 65 | €59 | €52 | -€7 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €4,517 | €3,985 | -€532 | -11.8% |
| Income taxes | 67/77 | €1,456 | €1,543 | +€87 | +6.0% |
| Profit (loss) for the period | 9904 | €3,061 | €2,441 | -€620 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,061 | €2,441 | -€620 | -20.2% |
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.