IMMO BELGO CONSTRUCT: what changed
Two fiscal 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 BELGO CONSTRUCT
Largest movements
- Tangible fixed assets -€19,287
down €19,287 (-4.8%), from €403,316 to €384,029
of which Land and buildings: -€18,287
- Debts after one year -€20,710
down €20,710 (-7.5%), from €275,829 to €255,119
- Trade debts -€14,685
down €14,685 (-51.4%), from €28,562 to €13,878
- Profit (loss) carried forward +€7,205
up €7,205 (+14.5%), from -€49,799 to -€42,594
- Gross operating margin +€23,614
up €23,614 (+161.7%), from €14,601 to €38,216
- Financial charges +€4,533
up €4,533 (+63.0%), from €7,191 to €11,724
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 | €428,048 | €405,943 | -€22,106 | -5.2% |
| Fixed assets | 21/28 | €403,316 | €384,029 | -€19,287 | -4.8% |
| Tangible fixed assets | 22/27 | €403,316 | €384,029 | -€19,287 | -4.8% |
| Land and buildings | 22 | €401,316 | €383,029 | -€18,287 | -4.6% |
| Plant, machinery and equipment | 23 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Current assets | 29/58 | €24,733 | €21,914 | -€2,819 | -11.4% |
| Cash at bank and in hand | 54/58 | €24,733 | €21,914 | -€2,819 | -11.4% |
| Total equity and liabilities | 10/49 | €428,048 | €405,943 | -€22,106 | -5.2% |
| Equity | 10/15 | -€9,799 | -€2,594 | +€7,205 | +73.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Outside capital | 11 | €40,000 | €40,000 | = | 0.0% |
| Share premium | 1100/10 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,799 | -€42,594 | +€7,205 | +14.5% |
| Amounts payable | 17/49 | €437,847 | €408,537 | -€29,311 | -6.7% |
| Amounts payable after more than one year | 17 | €275,829 | €255,119 | -€20,710 | -7.5% |
| Financial debts | 170/4 | €275,829 | €255,119 | -€20,710 | -7.5% |
| Amounts payable within one year | 42/48 | €162,018 | €153,418 | -€8,600 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €18,396 | €20,710 | +€2,315 | +12.6% |
| Trade debts | 44 | €28,562 | €13,878 | -€14,685 | -51.4% |
| Suppliers | 440/4 | €28,562 | €13,878 | -€14,685 | -51.4% |
| Other amounts payable | 47/48 | €115,060 | €118,830 | +€3,770 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,287 | €19,287 | = | 0.0% |
| Gross operating margin | 9900 | €14,601 | €38,216 | +€23,614 | +161.7% |
| Operating profit (loss) | 9901 | -€4,685 | €18,929 | +€23,614 | |
| Financial charges | 65/66B | €7,191 | €11,724 | +€4,533 | +63.0% |
| Recurring financial charges | 65 | €7,191 | €11,724 | +€4,533 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,877 | €7,205 | +€19,081 | |
| Profit (loss) for the period | 9904 | -€11,877 | €7,205 | +€19,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,877 | €7,205 | +€19,081 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.