IMMO - BERNAERTS: 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 - BERNAERTS
Largest movements
- Tangible fixed assets -€42,877
down €42,877 (-8.5%), from €505,039 to €462,162
of which Land and buildings: -€41,099
- Cash -€7,237
down €7,237 (-53.5%), from €13,528 to €6,291
mainly Net result for the year (-€25,675) and Debts after one year (-€19,219)
- Reserves -€20,324
down €20,324 (-9.0%), from €226,888 to €206,564
of which Tax-exempt reserves: -€20,324
- Debts after one year -€19,219
down €19,219 (-7.0%), from €273,527 to €254,309
- Provisions -€6,775
down €6,775 (-9.0%), from €75,010 to €68,235
- Gross operating margin -€5,599
down €5,599 (-25.2%), from €22,197 to €16,598
- Turnover -€4,951
down €4,951 (-16.8%), from €29,399 to €24,448
- Financial charges +€720
up €720 (+18.8%), from €3,819 to €4,539
- Purchases and services +€648
up €648 (+9.0%), from €7,202 to €7,850
- Depreciation +€397
up €397 (+0.9%), from €42,480 to €42,877
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 | €561,665 | €514,330 | -€47,336 | -8.4% |
| Fixed assets | 21/28 | €505,109 | €462,232 | -€42,877 | -8.5% |
| Tangible fixed assets | 22/27 | €505,039 | €462,162 | -€42,877 | -8.5% |
| Land and buildings | 22 | €499,950 | €458,852 | -€41,099 | -8.2% |
| Plant, machinery and equipment | 23 | €5,089 | €3,311 | -€1,778 | -34.9% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €56,557 | €52,097 | -€4,459 | -7.9% |
| Amounts receivable within one year | 40/41 | €43,029 | €45,806 | +€2,777 | +6.5% |
| Trade receivables | 40 | €39,758 | €41,632 | +€1,874 | +4.7% |
| Other amounts receivable | 41 | €3,271 | €4,174 | +€903 | +27.6% |
| Cash at bank and in hand | 54/58 | €13,528 | €6,291 | -€7,237 | -53.5% |
| Total equity and liabilities | 10/49 | €561,665 | €514,330 | -€47,336 | -8.4% |
| Equity | 10/15 | €174,531 | €148,856 | -€25,675 | -14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €226,888 | €206,564 | -€20,324 | -9.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,029 | €204,705 | -€20,324 | -9.0% |
| Profit (loss) carried forward | 14 | -€70,949 | -€76,299 | -€5,350 | -7.5% |
| Provisions and deferred taxes | 16 | €75,010 | €68,235 | -€6,775 | -9.0% |
| Deferred taxes | 168 | €75,010 | €68,235 | -€6,775 | -9.0% |
| Amounts payable | 17/49 | €312,125 | €297,239 | -€14,886 | -4.8% |
| Amounts payable after more than one year | 17 | €273,527 | €254,309 | -€19,219 | -7.0% |
| Financial debts | 170/4 | €273,527 | €254,309 | -€19,219 | -7.0% |
| Amounts payable within one year | 42/48 | €38,598 | €42,930 | +€4,332 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €24,251 | €22,915 | -€1,336 | -5.5% |
| Trade debts | 44 | €10,292 | €15,006 | +€4,714 | +45.8% |
| Suppliers | 440/4 | €10,292 | €15,006 | +€4,714 | +45.8% |
| Taxes, remuneration and social security | 45 | - | €954 | +€954 | |
| Taxes | 450/3 | - | €954 | +€954 | |
| Other amounts payable | 47/48 | €4,054 | €4,054 | = | 0.0% |
| Turnover | 70 | €29,399 | €24,448 | -€4,951 | -16.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,202 | €7,850 | +€648 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,480 | €42,877 | +€397 | +0.9% |
| Other operating charges | 640/8 | €2,003 | €1,662 | -€341 | -17.0% |
| Gross operating margin | 9900 | €22,197 | €16,598 | -€5,599 | -25.2% |
| Operating profit (loss) | 9901 | -€22,286 | -€27,941 | -€5,654 | -25.4% |
| Financial income | 75/76B | €361 | €30 | -€331 | -91.7% |
| Recurring financial income | 75 | €361 | €30 | -€331 | -91.7% |
| Financial charges | 65/66B | €3,819 | €4,539 | +€720 | +18.8% |
| Recurring financial charges | 65 | €3,819 | €4,539 | +€720 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,744 | -€32,449 | -€6,705 | -26.0% |
| Transfer from deferred taxes | 780 | €6,775 | €6,775 | = | 0.0% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | -€18,983 | -€25,675 | -€6,692 | -35.2% |
| Transfer from tax-exempt reserves | 789 | €20,324 | €20,324 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,341 | -€5,350 | -€6,692 |
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 16 October 2026 via checked.be.