IMMO BIANCO: 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 BIANCO
Largest movements
- Cash -€325,803
down €325,803 (-69.9%), from €466,313 to €140,510
mainly Investment in fixed assets (net) (-€179,021) and Receivables within one year (-€97,192)
- Tangible fixed assets +€143,570
up €143,570 (+6.2%), from €2.3m to €2.5m
of which Land and buildings: +€142,603
- Receivables within one year +€97,192
up €97,192 (+64.3%), from €151,132 to €248,324
of which Other amounts receivable: +€108,875
- Receivables after one year +€51,683
up €51,683 (+17.2%), from €300,000 to €351,683
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€38,814
up €38,814 (+90.5%), from €42,898 to €81,712
- Depreciation +€12,303
up €12,303 (+53.1%), from €23,148 to €35,451
- Financial income +€4,727
up €4,727 (+61.1%), from €7,730 to €12,456
- Financial charges -€2,041
down €2,041 (-40.6%), from €5,027 to €2,986
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,234,865 | €3,205,096 | -€29,768 | -0.9% |
| Fixed assets | 21/28 | €2,317,420 | €2,460,990 | +€143,570 | +6.2% |
| Tangible fixed assets | 22/27 | €2,317,420 | €2,460,990 | +€143,570 | +6.2% |
| Land and buildings | 22 | €2,311,792 | €2,454,395 | +€142,603 | +6.2% |
| Furniture and vehicles | 24 | €5,628 | €6,595 | +€967 | +17.2% |
| Current assets | 29/58 | €917,445 | €744,106 | -€173,339 | -18.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €351,683 | +€51,683 | +17.2% |
| Other amounts receivable | 291 | €300,000 | €351,683 | +€51,683 | +17.2% |
| Amounts receivable within one year | 40/41 | €151,132 | €248,324 | +€97,192 | +64.3% |
| Trade receivables | 40 | €11,683 | - | -€11,683 | |
| Other amounts receivable | 41 | €139,449 | €248,324 | +€108,875 | +78.1% |
| Cash at bank and in hand | 54/58 | €466,313 | €140,510 | -€325,803 | -69.9% |
| Deferred charges and accrued income | 490/1 | - | €3,589 | +€3,589 | |
| Total equity and liabilities | 10/49 | €3,234,865 | €3,205,096 | -€29,768 | -0.9% |
| Equity | 10/15 | €2,927,271 | €2,956,259 | +€28,988 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,167,227 | €2,167,227 | = | 0.0% |
| Reserves | 13 | €698,375 | €698,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €670,284 | €670,284 | = | 0.0% |
| Distributable reserves | 133 | €21,891 | €21,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331 | €28,657 | +€28,988 | |
| Provisions and deferred taxes | 16 | €167,571 | €167,571 | = | 0.0% |
| Deferred taxes | 168 | €167,571 | €167,571 | = | 0.0% |
| Amounts payable | 17/49 | €140,023 | €81,267 | -€58,756 | -42.0% |
| Amounts payable after more than one year | 17 | €28,127 | €11,521 | -€16,606 | -59.0% |
| Financial debts | 170/4 | €26,627 | €10,021 | -€16,606 | -62.4% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,896 | €69,746 | -€42,151 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €15,700 | €16,606 | +€906 | +5.8% |
| Trade debts | 44 | €19,383 | €6,457 | -€12,926 | -66.7% |
| Suppliers | 440/4 | €19,383 | €6,457 | -€12,926 | -66.7% |
| Taxes, remuneration and social security | 45 | €30,000 | €30,000 | = | 0.0% |
| Taxes | 450/3 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 47/48 | €46,813 | €16,683 | -€30,130 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,148 | €35,451 | +€12,303 | +53.1% |
| Other operating charges | 640/8 | €10,361 | €10,743 | +€382 | +3.7% |
| Gross operating margin | 9900 | €42,898 | €81,712 | +€38,814 | +90.5% |
| Operating profit (loss) | 9901 | €9,389 | €35,518 | +€26,129 | +278.3% |
| Financial income | 75/76B | €7,730 | €12,456 | +€4,727 | +61.1% |
| Recurring financial income | 75 | €7,730 | €12,456 | +€4,727 | +61.1% |
| Financial charges | 65/66B | €5,027 | €2,986 | -€2,041 | -40.6% |
| Recurring financial charges | 65 | €5,027 | €2,986 | -€2,041 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €12,092 | €44,988 | +€32,896 | +272.1% |
| Profit (loss) for the period | 9904 | €12,092 | €44,988 | +€32,896 | +272.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,092 | €44,988 | +€32,896 | +272.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.