IMMO BLANKENBERGE: 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 BLANKENBERGE
Largest movements
- Intangible fixed assets -€18,120
down €18,120 (-10.6%), from €171,164 to €153,044
- Cash +€17,082
up €17,082 (+227%), from €7,539 to €24,621
mainly Depreciation (+€19,965) and Trade debts (+€14,227)
- Debts after one year -€25,200
down €25,200 (-17.2%), from €146,200 to €121,000
- Trade debts +€14,227
up €14,227 (+73.7%), from €19,312 to €33,538
- Profit (loss) carried forward +€12,246
up €12,246 (+91.2%), from -€13,426 to -€1,180
- Gross operating margin +€34,367
up €34,367 (+1,214%), from €2,831 to €37,198
- Depreciation +€9,822
up €9,822 (+96.8%), from €10,143 to €19,965
- Financial charges -€1,099
down €1,099 (-20.6%), from €5,325 to €4,226
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 | €184,729 | €184,584 | -€145 | -0.1% |
| Fixed assets | 21/28 | €175,897 | €157,590 | -€18,308 | -10.4% |
| Intangible fixed assets | 21 | €171,164 | €153,044 | -€18,120 | -10.6% |
| Tangible fixed assets | 22/27 | €4,733 | €4,545 | -€188 | -4.0% |
| Furniture and vehicles | 24 | €4,733 | €4,545 | -€188 | -4.0% |
| Current assets | 29/58 | €8,832 | €26,995 | +€18,163 | +206% |
| Amounts receivable within one year | 40/41 | €1,292 | €612 | -€680 | -52.6% |
| Trade receivables | 40 | €1,292 | €126 | -€1,166 | -90.2% |
| Other amounts receivable | 41 | - | €486 | +€486 | |
| Cash at bank and in hand | 54/58 | €7,539 | €24,621 | +€17,082 | +227% |
| Deferred charges and accrued income | 490/1 | - | €1,761 | +€1,761 | |
| Total equity and liabilities | 10/49 | €184,729 | €184,584 | -€145 | -0.1% |
| Equity | 10/15 | -€8,426 | €3,820 | +€12,246 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,426 | -€1,180 | +€12,246 | +91.2% |
| Amounts payable | 17/49 | €193,155 | €180,764 | -€12,391 | -6.4% |
| Amounts payable after more than one year | 17 | €146,200 | €121,000 | -€25,200 | -17.2% |
| Financial debts | 170/4 | €146,200 | €121,000 | -€25,200 | -17.2% |
| Amounts payable within one year | 42/48 | €46,185 | €59,764 | +€13,579 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €25,200 | €25,200 | = | 0.0% |
| Trade debts | 44 | €19,312 | €33,538 | +€14,227 | +73.7% |
| Suppliers | 440/4 | €19,312 | €33,538 | +€14,227 | +73.7% |
| Taxes, remuneration and social security | 45 | €1,674 | €337 | -€1,337 | -79.9% |
| Taxes | 450/3 | €1,674 | €337 | -€1,337 | -79.9% |
| Other amounts payable | 47/48 | - | €689 | +€689 | |
| Accrued charges and deferred income | 492/3 | €770 | €0 | -€770 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,143 | €19,965 | +€9,822 | +96.8% |
| Other operating charges | 640/8 | €789 | €758 | -€32 | -4.0% |
| Gross operating margin | 9900 | €2,831 | €37,198 | +€34,367 | +1,214% |
| Operating profit (loss) | 9901 | -€8,101 | €16,476 | +€24,577 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,325 | €4,226 | -€1,099 | -20.6% |
| Recurring financial charges | 65 | €5,325 | €4,226 | -€1,099 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,426 | €12,250 | +€25,676 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€13,426 | €12,246 | +€25,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,426 | €12,246 | +€25,673 |
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 23 October 2026 via checked.be.