Immo Bogaert: 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 Bogaert
Largest movements
- Cash +€16,042
up €16,042 (+192%), from €8,355 to €24,397
mainly Other debts (+€6,929) and Net result for the year (+€6,362)
- Receivables within one year +€4,910
up €4,910 (+132%), from €3,723 to €8,633
- Tangible fixed assets -€2,241
down €2,241 (-17.0%), from €13,217 to €10,976
of which Furniture and vehicles: -€4,341
- Deferred charges and accrued income -€1,683
down €1,683 (-100%), from €1,683 to €0
- Profit (loss) carried forward +€7,037
up €7,037, from -€7,037 to €0
- Other debts +€6,929
up €6,929 (+114%), from €6,053 to €12,982
- Tax, wage and social debts +€3,421
up €3,421 (+155%), from €2,208 to €5,629
- Reserves -€675
down €675 (-3.5%), from €19,152 to €18,477
- Gross operating margin +€15,460
up €15,460 (+1,388%), from €1,114 to €16,573
- Taxes +€870
up €870 (+307%), from €283 to €1,153
- Depreciation +€658
up €658 (+13.4%), from €4,903 to €5,561
- Financial charges +€527
up €527 (+21.6%), from €2,440 to €2,966
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 | €26,979 | €44,006 | +€17,027 | +63.1% |
| Fixed assets | 21/28 | €13,217 | €10,976 | -€2,241 | -17.0% |
| Tangible fixed assets | 22/27 | €13,217 | €10,976 | -€2,241 | -17.0% |
| Plant, machinery and equipment | 23 | €2,406 | €1,905 | -€500 | -20.8% |
| Furniture and vehicles | 24 | €10,812 | €6,471 | -€4,341 | -40.1% |
| Other tangible fixed assets | 26 | - | €2,600 | +€2,600 | |
| Current assets | 29/58 | €13,762 | €33,030 | +€19,268 | +140% |
| Amounts receivable within one year | 40/41 | €3,723 | €8,633 | +€4,910 | +132% |
| Trade receivables | 40 | €3,723 | €8,633 | +€4,910 | +132% |
| Cash at bank and in hand | 54/58 | €8,355 | €24,397 | +€16,042 | +192% |
| Deferred charges and accrued income | 490/1 | €1,683 | €0 | -€1,683 | -100% |
| Total equity and liabilities | 10/49 | €26,979 | €44,006 | +€17,027 | +63.1% |
| Equity | 10/15 | €17,115 | €23,477 | +€6,362 | +37.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,152 | €18,477 | -€675 | -3.5% |
| Distributable reserves | 133 | €19,152 | €18,477 | -€675 | -3.5% |
| Profit (loss) carried forward | 14 | -€7,037 | €0 | +€7,037 | |
| Amounts payable | 17/49 | €9,864 | €20,529 | +€10,665 | +108% |
| Amounts payable within one year | 42/48 | €9,864 | €20,529 | +€10,665 | +108% |
| Trade debts | 44 | €1,603 | €1,918 | +€315 | +19.7% |
| Suppliers | 440/4 | €1,603 | €1,918 | +€315 | +19.7% |
| Taxes, remuneration and social security | 45 | €2,208 | €5,629 | +€3,421 | +155% |
| Taxes | 450/3 | €2,208 | €5,629 | +€3,421 | +155% |
| Other amounts payable | 47/48 | €6,053 | €12,982 | +€6,929 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,903 | €5,561 | +€658 | +13.4% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €1,114 | €16,573 | +€15,460 | +1,388% |
| Operating profit (loss) | 9901 | -€4,314 | €10,481 | +€14,795 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,440 | €2,966 | +€527 | +21.6% |
| Recurring financial charges | 65 | €2,440 | €2,966 | +€527 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,754 | €7,515 | +€14,269 | |
| Income taxes | 67/77 | €283 | €1,153 | +€870 | +307% |
| Profit (loss) for the period | 9904 | -€7,037 | €6,362 | +€13,399 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,037 | €6,362 | +€13,399 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.