IMMO BEKAY: 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 BEKAY
Largest movements
- Tangible fixed assets -€652,447
down €652,447 (-87.8%), from €742,688 to €90,241
- Cash +€560,543
up €560,543 (+3,236%), from €17,322 to €577,865
mainly Investment in fixed assets (net) (+€652,353) and Net result for the year (+€342,089)
- Deferred charges and accrued income -€32,292
down €32,292 (-100%), from €32,292 to €0
- Receivables within one year +€15,571
up €15,571 (+250%), from €6,231 to €21,802
of which Trade receivables: +€9,536
- Debts after one year -€445,101
down €445,101 (-100%), from €445,101 to €0
- Reserves +€342,089
up €342,089 (+243%), from €140,904 to €482,992
of which Distributable reserves: +€342,089
- Trade debts +€63,329
up €63,329 (+11,251%), from €563 to €63,892
- Current portion of long-term debt -€44,224
down €44,224 (-100%), from €44,224 to €0
- Other debts -€19,241
down €19,241 (-41.2%), from €46,730 to €27,489
- Gross operating margin +€401,348
up €401,348 (+459%), from €87,466 to €488,814
- Taxes +€111,551
up €111,551 (+2,056%), from €5,427 to €116,977
- Depreciation -€31,247
down €31,247 (-99.7%), from €31,341 to €94
- Write-downs +€6,520
new in 2025: €6,520
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 | €798,532 | €689,908 | -€108,624 | -13.6% |
| Fixed assets | 21/28 | €742,688 | €90,241 | -€652,447 | -87.8% |
| Tangible fixed assets | 22/27 | €742,688 | €90,241 | -€652,447 | -87.8% |
| Land and buildings | 22 | €742,688 | €90,241 | -€652,447 | -87.8% |
| Current assets | 29/58 | €55,844 | €599,667 | +€543,823 | +974% |
| Amounts receivable within one year | 40/41 | €6,231 | €21,802 | +€15,571 | +250% |
| Trade receivables | 40 | €6,231 | €15,767 | +€9,536 | +153% |
| Other amounts receivable | 41 | - | €6,035 | +€6,035 | |
| Cash at bank and in hand | 54/58 | €17,322 | €577,865 | +€560,543 | +3,236% |
| Deferred charges and accrued income | 490/1 | €32,292 | €0 | -€32,292 | -100% |
| Total equity and liabilities | 10/49 | €798,532 | €689,908 | -€108,624 | -13.6% |
| Equity | 10/15 | €254,012 | €596,101 | +€342,089 | +135% |
| Contributions | 10/11 | €113,109 | €113,109 | = | 0.0% |
| Reserves | 13 | €140,904 | €482,992 | +€342,089 | +243% |
| Tax-exempt reserves | 132 | €3,497 | €3,497 | = | 0.0% |
| Distributable reserves | 133 | €137,406 | €479,495 | +€342,089 | +249% |
| Amounts payable | 17/49 | €544,520 | €93,807 | -€450,712 | -82.8% |
| Amounts payable after more than one year | 17 | €445,101 | €0 | -€445,101 | -100% |
| Financial debts | 170/4 | €445,101 | €0 | -€445,101 | -100% |
| Amounts payable within one year | 42/48 | €94,815 | €93,807 | -€1,008 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €44,224 | €0 | -€44,224 | -100% |
| Trade debts | 44 | €563 | €63,892 | +€63,329 | +11,251% |
| Suppliers | 440/4 | €563 | €63,892 | +€63,329 | +11,251% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,298 | €2,426 | -€872 | -26.4% |
| Taxes | 450/3 | €3,298 | €2,426 | -€872 | -26.4% |
| Other amounts payable | 47/48 | €46,730 | €27,489 | -€19,241 | -41.2% |
| Accrued charges and deferred income | 492/3 | €4,604 | €0 | -€4,604 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,341 | €94 | -€31,247 | -99.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,520 | +€6,520 | |
| Other operating charges | 640/8 | €14,575 | €14,209 | -€366 | -2.5% |
| Gross operating margin | 9900 | €87,466 | €488,814 | +€401,348 | +459% |
| Operating profit (loss) | 9901 | €41,550 | €467,991 | +€426,441 | +1,026% |
| Financial income | 75/76B | €2 | €42 | +€40 | +2,560% |
| Recurring financial income | 75 | €2 | €42 | +€40 | +2,560% |
| Financial charges | 65/66B | €7,811 | €8,966 | +€1,155 | +14.8% |
| Recurring financial charges | 65 | €7,811 | €8,966 | +€1,155 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €33,741 | €459,066 | +€425,325 | +1,261% |
| Income taxes | 67/77 | €5,427 | €116,977 | +€111,551 | +2,056% |
| Profit (loss) for the period | 9904 | €28,314 | €342,089 | +€313,774 | +1,108% |
| Profit (loss) for the period to be appropriated | 9905 | €28,314 | €342,089 | +€313,774 | +1,108% |
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 15 October 2026 via checked.be.