IMMO BASTIEN: 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.
What changed
IMMO BASTIEN
NACE 41.003, General construction of other non-residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€64,813
2024 · €105,598-€40,785
Equity
€2.4m
2024 · €2.5m-€70,187
Cash
€162,209
2024 · €155,884+€6,326
Balance sheet total
€10.1m
2024 · €10.5m-€395,914
Largest movements
Assets
- Receivables within one year -€203,551
down €203,551 (-45.9%), from €443,515 to €239,964
of which Other amounts receivable: -€258,851
- Tangible fixed assets -€198,673
down €198,673 (-2.0%), from €9.9m to €9.7m
of which Land and buildings: -€167,350
Equity and liabilities
- Debts after one year -€339,254
down €339,254 (-5.6%), from €6.1m to €5.8m
Income statement
- Financial charges +€134,335
up €134,335 (+103%), from €129,966 to €264,301
- Gross operating margin +€79,241
up €79,241 (+16.8%), from €470,531 to €549,772
- Taxes -€12,330
down €12,330 (-20.8%), from €59,335 to €47,005
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.
Result 2024
€105,598
Gross operating margin
+€79,241
Depreciation
-€2,961
Other operating charges
+€2,104
Financial income
+€2,837
Financial charges
-€134,335
Taxes
+€12,330
Result 2025
€64,813
raises the resultlowers the result
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.
From operations
+€467,227
Investment
€0
Financing
-€460,901
Cash 2024
€155,884
From operations (derived)
+€467,227
Net result for the year
+€64,813
Depreciation
+€198,673
Receivables within one year
+€203,551
Deferred charges and accrued income
+€15
Provisions
-€24,161
Trade debts
+€31,711
Tax, wage and social debts
-€1,172
Other debts
-€1,851
Accrued charges and deferred income
-€4,353
Financing
-€460,901
Debts after one year
-€339,254
Current portion of long-term debt
+€13,353
Contributions, distributions and other
-€135,000
Cash 2025
€162,209
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,505,550 | €10,109,636 | -€395,914 | -3.8% |
| Fixed assets | 21/28 | €9,902,448 | €9,703,775 | -€198,673 | -2.0% |
| Tangible fixed assets | 22/27 | €9,902,448 | €9,703,775 | -€198,673 | -2.0% |
| Land and buildings | 22 | €9,787,795 | €9,620,445 | -€167,350 | -1.7% |
| Furniture and vehicles | 24 | €114,653 | €83,329 | -€31,324 | -27.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €603,102 | €405,862 | -€197,241 | -32.7% |
| Amounts receivable within one year | 40/41 | €443,515 | €239,964 | -€203,551 | -45.9% |
| Trade receivables | 40 | €3,105 | €58,406 | +€55,300 | +1,781% |
| Other amounts receivable | 41 | €440,410 | €181,558 | -€258,851 | -58.8% |
| Cash at bank and in hand | 54/58 | €155,884 | €162,209 | +€6,326 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,704 | €3,688 | -€15 | -0.4% |
| Total equity and liabilities | 10/49 | €10,505,550 | €10,109,636 | -€395,914 | -3.8% |
| Equity | 10/15 | €2,498,757 | €2,428,570 | -€70,187 | -2.8% |
| Contributions | 10/11 | €206,000 | €206,000 | = | 0.0% |
| Capital | 10 | €206,000 | €206,000 | = | 0.0% |
| Issued capital | 100 | €206,000 | €206,000 | = | 0.0% |
| Reserves | 13 | €2,291,958 | €2,219,475 | -€72,484 | -3.2% |
| Non-distributable reserves | 130/1 | €21,084 | €21,084 | = | 0.0% |
| Legal reserve | 130 | €20,600 | €20,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €484 | €484 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,955,874 | €1,883,390 | -€72,484 | -3.7% |
| Distributable reserves | 133 | €315,000 | €315,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €799 | €3,095 | +€2,297 | +288% |
| Provisions and deferred taxes | 16 | €651,958 | €627,797 | -€24,161 | -3.7% |
| Deferred taxes | 168 | €651,958 | €627,797 | -€24,161 | -3.7% |
| Amounts payable | 17/49 | €7,354,835 | €7,053,269 | -€301,566 | -4.1% |
| Amounts payable after more than one year | 17 | €6,096,506 | €5,757,251 | -€339,254 | -5.6% |
| Financial debts | 170/4 | €6,096,506 | €5,757,251 | -€339,254 | -5.6% |
| Amounts payable within one year | 42/48 | €1,190,545 | €1,232,586 | +€42,041 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €325,901 | €339,254 | +€13,353 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,698 | €43,409 | +€31,711 | +271% |
| Suppliers | 440/4 | €11,698 | €43,409 | +€31,711 | +271% |
| Taxes, remuneration and social security | 45 | €31,808 | €30,636 | -€1,172 | -3.7% |
| Taxes | 450/3 | €31,808 | €30,636 | -€1,172 | -3.7% |
| Other amounts payable | 47/48 | €821,138 | €819,287 | -€1,851 | -0.2% |
| Accrued charges and deferred income | 492/3 | €67,785 | €63,432 | -€4,353 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,713 | €198,673 | +€2,961 | +1.5% |
| Other operating charges | 640/8 | €4,080 | €1,976 | -€2,104 | -51.6% |
| Gross operating margin | 9900 | €470,531 | €549,772 | +€79,241 | +16.8% |
| Operating profit (loss) | 9901 | €270,738 | €349,122 | +€78,384 | +29.0% |
| Financial income | 75/76B | - | €2,837 | +€2,837 | |
| Recurring financial income | 75 | - | €2,837 | +€2,837 | |
| Financial charges | 65/66B | €129,966 | €264,301 | +€134,335 | +103% |
| Recurring financial charges | 65 | €129,966 | €264,301 | +€134,335 | +103% |
| Profit (loss) for the period before taxes | 9903 | €140,772 | €87,657 | -€53,115 | -37.7% |
| Transfer from deferred taxes | 780 | €24,161 | €24,161 | = | 0.0% |
| Income taxes | 67/77 | €59,335 | €47,005 | -€12,330 | -20.8% |
| Profit (loss) for the period | 9904 | €105,598 | €64,813 | -€40,785 | -38.6% |
| Transfer from tax-exempt reserves | 789 | €72,484 | €72,484 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €178,082 | €137,297 | -€40,785 | -22.9% |
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 18 October 2026 via checked.be.