IMMO - BO: 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 - BO
Largest movements
- Cash +€108,634
up €108,634 (+83.2%), from €130,642 to €239,276
mainly Net result for the year (+€93,406) and Depreciation (+€35,852)
- Tangible fixed assets -€35,852
down €35,852 (-9.9%), from €361,862 to €326,010
of which Land and buildings: -€27,973
- Reserves +€93,406
up €93,406 (+99.0%), from €94,369 to €187,775
of which Distributable reserves: +€98,079
- Current portion of long-term debt -€46,378
down €46,378 (-98.4%), from €47,120 to €741
- Tax, wage and social debts +€30,878
up €30,878 (+28.3%), from €109,018 to €139,896
of which Remuneration and social security: +€16,420
- Other debts +€17,310
up €17,310 (+9.4%), from €184,535 to €201,845
- Debts after one year -€13,535
no longer reported in 2024 (was €13,535)
- Gross operating margin +€61,880
up €61,880 (+56.9%), from €108,698 to €170,578
- Taxes +€13,916
up €13,916 (+90.8%), from €15,330 to €29,246
- Depreciation -€7,359
down €7,359 (-17.0%), from €43,211 to €35,852
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.
Derived cash bridge
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 | €492,839 | €567,751 | +€74,912 | +15.2% |
| Fixed assets | 21/28 | €361,862 | €326,010 | -€35,852 | -9.9% |
| Tangible fixed assets | 22/27 | €361,862 | €326,010 | -€35,852 | -9.9% |
| Land and buildings | 22 | €341,398 | €313,426 | -€27,973 | -8.2% |
| Furniture and vehicles | 24 | €20,464 | €12,585 | -€7,880 | -38.5% |
| Current assets | 29/58 | €130,976 | €241,741 | +€110,764 | +84.6% |
| Amounts receivable within one year | 40/41 | - | €2,113 | +€2,113 | |
| Other amounts receivable | 41 | - | €2,113 | +€2,113 | |
| Cash at bank and in hand | 54/58 | €130,642 | €239,276 | +€108,634 | +83.2% |
| Deferred charges and accrued income | 490/1 | €335 | €351 | +€17 | +4.9% |
| Total equity and liabilities | 10/49 | €492,839 | €567,751 | +€74,912 | +15.2% |
| Equity | 10/15 | €131,553 | €224,959 | +€93,406 | +71.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €94,369 | €187,775 | +€93,406 | +99.0% |
| Tax-exempt reserves | 132 | €5,396 | €724 | -€4,673 | -86.6% |
| Distributable reserves | 133 | €88,972 | €187,051 | +€98,079 | +110% |
| Provisions and deferred taxes | 16 | €2,313 | €310 | -€2,003 | -86.6% |
| Deferred taxes | 168 | €2,313 | €310 | -€2,003 | -86.6% |
| Amounts payable | 17/49 | €358,973 | €342,482 | -€16,492 | -4.6% |
| Amounts payable after more than one year | 17 | €13,535 | - | -€13,535 | |
| Financial debts | 170/4 | €13,535 | - | -€13,535 | |
| Amounts payable within one year | 42/48 | €345,439 | €342,482 | -€2,957 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €47,120 | €741 | -€46,378 | -98.4% |
| Trade debts | 44 | €4,766 | €0 | -€4,766 | -100% |
| Suppliers | 440/4 | €4,766 | €0 | -€4,766 | -100% |
| Taxes, remuneration and social security | 45 | €109,018 | €139,896 | +€30,878 | +28.3% |
| Taxes | 450/3 | €30,118 | €44,576 | +€14,458 | +48.0% |
| Remuneration and social security | 454/9 | €78,900 | €95,320 | +€16,420 | +20.8% |
| Other amounts payable | 47/48 | €184,535 | €201,845 | +€17,310 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,211 | €35,852 | -€7,359 | -17.0% |
| Other operating charges | 640/8 | €10,403 | €10,817 | +€414 | +4.0% |
| Gross operating margin | 9900 | €108,698 | €170,578 | +€61,880 | +56.9% |
| Operating profit (loss) | 9901 | €55,085 | €123,909 | +€68,825 | +125% |
| Financial charges | 65/66B | €4,318 | €3,260 | -€1,058 | -24.5% |
| Recurring financial charges | 65 | €4,318 | €3,260 | -€1,058 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €50,767 | €120,650 | +€69,883 | +138% |
| Transfer from deferred taxes | 780 | €2,003 | €2,003 | = | 0.0% |
| Income taxes | 67/77 | €15,330 | €29,246 | +€13,916 | +90.8% |
| Profit (loss) for the period | 9904 | €37,440 | €93,406 | +€55,967 | +149% |
| Transfer from tax-exempt reserves | 789 | €4,673 | €4,673 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,112 | €98,079 | +€55,967 | +133% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.