IMMO-BIJGAARDEN: 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-BIJGAARDEN
Largest movements
- Cash +€28,706
up €28,706 (+36.2%), from €79,398 to €108,104
mainly Depreciation (+€17,995) and Net result for the year (+€16,578)
- Tangible fixed assets -€17,995
down €17,995 (-2.4%), from €739,886 to €721,891
- Profit (loss) carried forward +€20,673
up €20,673 (+5.4%), from €382,626 to €403,298
- Write-downs +€16,505
new in 2025: €16,505
- Gross operating margin +€10,155
up €10,155 (+20.3%), from €50,024 to €60,179
- Taxes -€1,575
down €1,575 (-17.8%), from €8,829 to €7,254
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 | €1,076,596 | €1,090,439 | +€13,843 | +1.3% |
| Fixed assets | 21/28 | €739,886 | €721,891 | -€17,995 | -2.4% |
| Tangible fixed assets | 22/27 | €739,886 | €721,891 | -€17,995 | -2.4% |
| Land and buildings | 22 | €739,886 | €721,891 | -€17,995 | -2.4% |
| Current assets | 29/58 | €336,710 | €368,548 | +€31,838 | +9.5% |
| Amounts receivable within one year | 40/41 | €256,199 | €259,270 | +€3,072 | +1.2% |
| Trade receivables | 40 | €7,818 | €13,186 | +€5,368 | +68.7% |
| Other amounts receivable | 41 | €248,380 | €246,084 | -€2,297 | -0.9% |
| Cash at bank and in hand | 54/58 | €79,398 | €108,104 | +€28,706 | +36.2% |
| Deferred charges and accrued income | 490/1 | €1,114 | €1,174 | +€60 | +5.4% |
| Total equity and liabilities | 10/49 | €1,076,596 | €1,090,439 | +€13,843 | +1.3% |
| Equity | 10/15 | €1,065,583 | €1,082,161 | +€16,578 | +1.6% |
| Contributions | 10/11 | €641,015 | €641,015 | = | 0.0% |
| Capital | 10 | €641,015 | €641,015 | = | 0.0% |
| Issued capital | 100 | €641,015 | €641,015 | = | 0.0% |
| Reserves | 13 | €41,942 | €37,848 | -€4,094 | -9.8% |
| Non-distributable reserves | 130/1 | €21,213 | €22,301 | +€1,088 | +5.1% |
| Legal reserve | 130 | €21,213 | €22,301 | +€1,088 | +5.1% |
| Tax-exempt reserves | 132 | €20,729 | €15,547 | -€5,182 | -25.0% |
| Profit (loss) carried forward | 14 | €382,626 | €403,298 | +€20,673 | +5.4% |
| Provisions and deferred taxes | 16 | €10,674 | €8,006 | -€2,669 | -25.0% |
| Deferred taxes | 168 | €10,674 | €8,006 | -€2,669 | -25.0% |
| Amounts payable | 17/49 | €339 | €272 | -€67 | -19.6% |
| Amounts payable within one year | 42/48 | €339 | €272 | -€67 | -19.6% |
| Trade debts | 44 | €339 | €272 | -€67 | -19.6% |
| Suppliers | 440/4 | €339 | €272 | -€67 | -19.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,995 | €17,995 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,505 | +€16,505 | |
| Other operating charges | 640/8 | €4,298 | €4,433 | +€136 | +3.2% |
| Gross operating margin | 9900 | €50,024 | €60,179 | +€10,155 | +20.3% |
| Operating profit (loss) | 9901 | €27,732 | €21,246 | -€6,486 | -23.4% |
| Financial charges | 65/66B | €269 | €83 | -€185 | -69.1% |
| Recurring financial charges | 65 | €269 | €83 | -€185 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €27,463 | €21,163 | -€6,300 | -22.9% |
| Transfer from deferred taxes | 780 | €2,669 | €2,669 | +€0 | 0.0% |
| Income taxes | 67/77 | €8,829 | €7,254 | -€1,575 | -17.8% |
| Profit (loss) for the period | 9904 | €21,303 | €16,578 | -€4,725 | -22.2% |
| Transfer from tax-exempt reserves | 789 | €5,182 | €5,182 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,486 | €21,761 | -€4,725 | -17.8% |
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 25 October 2026 via checked.be.