IMMO BAUWENS: 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 BAUWENS
Largest movements
- Tangible fixed assets -€20,727
down €20,727 (-8.9%), from €232,765 to €212,038
of which Land and buildings: -€10,527
- Cash +€15,825
up €15,825 (+78.0%), from €20,296 to €36,121
mainly Depreciation (+€25,888) and Net result for the year (+€20,229)
- Debts after one year -€29,762
down €29,762 (-28.7%), from €103,856 to €74,094
- Reserves +€20,229
up €20,229 (+43.6%), from €46,396 to €66,625
of which Distributable reserves: +€20,229
- Tax, wage and social debts +€4,359
up €4,359 (+40.9%), from €10,654 to €15,013
- Gross operating margin +€15,297
up €15,297 (+29.0%), from €52,837 to €68,134
- Taxes +€5,171
up €5,171 (+105.1%), from €4,921 to €10,092
- Financial charges +€1,522
up €1,522 (+43.4%), from €3,504 to €5,026
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 | €253,243 | €250,167 | -€3,076 | -1.2% |
| Fixed assets | 21/28 | €232,765 | €212,038 | -€20,727 | -8.9% |
| Tangible fixed assets | 22/27 | €232,765 | €212,038 | -€20,727 | -8.9% |
| Land and buildings | 22 | €154,320 | €143,793 | -€10,527 | -6.8% |
| Plant, machinery and equipment | 23 | €78,445 | €68,245 | -€10,200 | -13.0% |
| Current assets | 29/58 | €20,478 | €38,129 | +€17,651 | +86.2% |
| Amounts receivable within one year | 40/41 | €182 | - | -€182 | |
| Trade receivables | 40 | €182 | - | -€182 | |
| Cash at bank and in hand | 54/58 | €20,296 | €36,121 | +€15,825 | +78.0% |
| Deferred charges and accrued income | 490/1 | - | €2,008 | +€2,008 | |
| Total equity and liabilities | 10/49 | €253,243 | €250,167 | -€3,076 | -1.2% |
| Equity | 10/15 | €108,396 | €128,625 | +€20,229 | +18.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €46,396 | €66,625 | +€20,229 | +43.6% |
| Non-distributable reserves | 130/1 | €1,128 | €1,128 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,128 | €1,128 | = | 0.0% |
| Distributable reserves | 133 | €45,269 | €65,497 | +€20,229 | +44.7% |
| Amounts payable | 17/49 | €144,846 | €121,542 | -€23,304 | -16.1% |
| Amounts payable after more than one year | 17 | €103,856 | €74,094 | -€29,762 | -28.7% |
| Financial debts | 170/4 | €103,856 | €74,094 | -€29,762 | -28.7% |
| Amounts payable within one year | 42/48 | €40,991 | €47,448 | +€6,457 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €29,167 | €29,762 | +€594 | +2.0% |
| Trade debts | 44 | - | €76 | +€76 | |
| Suppliers | 440/4 | - | €76 | +€76 | |
| Taxes, remuneration and social security | 45 | €10,654 | €15,013 | +€4,359 | +40.9% |
| Taxes | 450/3 | €10,654 | €15,013 | +€4,359 | +40.9% |
| Other amounts payable | 47/48 | €1,169 | €2,597 | +€1,428 | +122.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,348 | €25,888 | -€461 | -1.7% |
| Other operating charges | 640/8 | €6,690 | €6,900 | +€210 | +3.1% |
| Gross operating margin | 9900 | €52,837 | €68,134 | +€15,297 | +29.0% |
| Operating profit (loss) | 9901 | €19,798 | €35,346 | +€15,548 | +78.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,504 | €5,026 | +€1,522 | +43.4% |
| Recurring financial charges | 65 | €3,504 | €5,026 | +€1,522 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €16,294 | €30,320 | +€14,026 | +86.1% |
| Income taxes | 67/77 | €4,921 | €10,092 | +€5,171 | +105.1% |
| Profit (loss) for the period | 9904 | €11,374 | €20,229 | +€8,855 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,374 | €20,229 | +€8,855 | +77.9% |
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 10 October 2026 via checked.be.