IMMO BEYL: 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 BEYL
Largest movements
- Receivables within one year +€412,498
up €412,498 (+64.6%), from €638,401 to €1.1m
of which Trade receivables: +€379,811
- Stocks and contracts -€111,438
no longer reported in 2025 (was €111,438)
- Tangible fixed assets -€17,865
down €17,865 (-3.7%), from €489,431 to €471,566
of which Land and buildings: -€13,021
- Profit (loss) carried forward +€389,456
up €389,456, from -€317,173 to €72,282
- Trade debts -€190,916
down €190,916 (-99.0%), from €192,857 to €1,941
- Other debts +€108,041
up €108,041 (+13.6%), from €792,671 to €900,711
- Short-term financial debts +€24,786
up €24,786 (+125.3%), from €19,789 to €44,575
- Tax, wage and social debts -€21,030
down €21,030 (-34.1%), from €61,644 to €40,613
of which Remuneration and social security: -€21,030
- Gross operating margin +€319,810
up €319,810 (+166.4%), from €192,184 to €511,994
- Staff costs -€85,634
down €85,634 (-60.1%), from €142,579 to €56,944
- Other operating charges +€42,214
up €42,214 (+1805.0%), from €2,339 to €44,553
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 | €1,243,812 | €1,538,742 | +€294,930 | +23.7% |
| Fixed assets | 21/28 | €491,931 | €474,066 | -€17,865 | -3.6% |
| Tangible fixed assets | 22/27 | €489,431 | €471,566 | -€17,865 | -3.7% |
| Land and buildings | 22 | €475,924 | €462,903 | -€13,021 | -2.7% |
| Furniture and vehicles | 24 | €12,749 | €8,249 | -€4,500 | -35.3% |
| Other tangible fixed assets | 26 | €758 | €414 | -€344 | -45.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €751,882 | €1,064,676 | +€312,794 | +41.6% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Trade receivables | 290 | - | €10,000 | +€10,000 | |
| Stocks and contracts in progress | 3 | €111,438 | - | -€111,438 | |
| Stocks | 30/36 | €111,438 | - | -€111,438 | |
| Amounts receivable within one year | 40/41 | €638,401 | €1,050,899 | +€412,498 | +64.6% |
| Trade receivables | 40 | €541,603 | €921,414 | +€379,811 | +70.1% |
| Other amounts receivable | 41 | €96,798 | €129,485 | +€32,687 | +33.8% |
| Cash at bank and in hand | 54/58 | €36 | - | -€36 | |
| Deferred charges and accrued income | 490/1 | €2,006 | €3,777 | +€1,771 | +88.3% |
| Total equity and liabilities | 10/49 | €1,243,812 | €1,538,742 | +€294,930 | +23.7% |
| Equity | 10/15 | €117,533 | €506,989 | +€389,456 | +331.4% |
| Contributions | 10/11 | €428,600 | €428,600 | = | 0.0% |
| Reserves | 13 | €6,106 | €6,106 | = | 0.0% |
| Distributable reserves | 133 | €6,106 | €6,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,173 | €72,282 | +€389,456 | |
| Amounts payable | 17/49 | €1,126,279 | €1,031,753 | -€94,526 | -8.4% |
| Amounts payable after more than one year | 17 | €43,912 | €27,939 | -€15,973 | -36.4% |
| Financial debts | 170/4 | €43,912 | €27,939 | -€15,973 | -36.4% |
| Amounts payable within one year | 42/48 | €1,082,366 | €1,003,814 | -€78,553 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €15,406 | €15,973 | +€567 | +3.7% |
| Financial debts | 43 | €19,789 | €44,575 | +€24,786 | +125.3% |
| Credit institutions | 430/8 | €19,789 | €44,575 | +€24,786 | +125.3% |
| Trade debts | 44 | €192,857 | €1,941 | -€190,916 | -99.0% |
| Suppliers | 440/4 | €192,857 | €1,941 | -€190,916 | -99.0% |
| Taxes, remuneration and social security | 45 | €61,644 | €40,613 | -€21,030 | -34.1% |
| Taxes | 450/3 | €39,000 | €39,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €22,644 | €1,613 | -€21,030 | -92.9% |
| Other amounts payable | 47/48 | €792,671 | €900,711 | +€108,041 | +13.6% |
| Non-recurring operating income | 76A | - | €520,229 | +€520,229 | |
| Remuneration, social security and pensions | 62 | €142,579 | €56,944 | -€85,634 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,864 | €17,865 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,339 | €44,553 | +€42,214 | +1805.0% |
| Gross operating margin | 9900 | €192,184 | €511,994 | +€319,810 | +166.4% |
| Operating profit (loss) | 9901 | €29,403 | €392,632 | +€363,229 | +1235.3% |
| Financial income | 75/76B | €209 | €3,301 | +€3,091 | +1476.5% |
| Recurring financial income | 75 | €209 | €593 | +€384 | +183.2% |
| Non-recurring financial income | 76B | - | €2,708 | +€2,708 | |
| Financial charges | 65/66B | €5,388 | €6,477 | +€1,089 | +20.2% |
| Recurring financial charges | 65 | €5,388 | €6,477 | +€1,089 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €24,224 | €389,456 | +€365,231 | +1507.7% |
| Profit (loss) for the period | 9904 | €24,224 | €389,456 | +€365,231 | +1507.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,224 | €389,456 | +€365,231 | +1507.7% |
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 4 October 2026 via checked.be.