Immo Bongaerts: 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 Bongaerts
Largest movements
- Cash +€55,272
up €55,272 (+50.3%), from €109,980 to €165,252
mainly Net result for the year (+€34,760) and Depreciation (+€24,291)
- Tangible fixed assets -€15,063
down €15,063 (-4.0%), from €372,658 to €357,595
of which Land and buildings: -€12,936
- Receivables within one year -€8,462
down €8,462 (-20.5%), from €41,180 to €32,718
of which Trade receivables: -€25,280
- Reserves +€34,760
up €34,760 (+21.6%), from €160,940 to €195,701
- Trade debts +€21,449
up €21,449 (+155.9%), from €13,757 to €35,206
- Debts after one year -€20,295
down €20,295 (-6.8%), from €298,623 to €278,329
- Gross operating margin -€24,070
down €24,070 (-12.3%), from €196,328 to €172,258
- Depreciation +€14,589
up €14,589 (+150.4%), from €9,701 to €24,291
- Taxes -€8,149
down €8,149 (-28.8%), from €28,299 to €20,149
- Staff costs +€6,369
up €6,369 (+9.1%), from €69,863 to €76,232
- Financial charges +€4,939
up €4,939 (+51.7%), from €9,558 to €14,497
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.
Cash bridge derived
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 | €527,413 | €558,794 | +€31,381 | +5.9% |
| Fixed assets | 21/28 | €373,530 | €357,968 | -€15,563 | -4.2% |
| Intangible fixed assets | 21 | €873 | €373 | -€500 | -57.3% |
| Tangible fixed assets | 22/27 | €372,658 | €357,595 | -€15,063 | -4.0% |
| Land and buildings | 22 | €358,560 | €345,624 | -€12,936 | -3.6% |
| Plant, machinery and equipment | 23 | €3,009 | €1,785 | -€1,225 | -40.7% |
| Furniture and vehicles | 24 | €11,089 | €10,187 | -€902 | -8.1% |
| Current assets | 29/58 | €153,882 | €200,826 | +€46,944 | +30.5% |
| Amounts receivable within one year | 40/41 | €41,180 | €32,718 | -€8,462 | -20.5% |
| Trade receivables | 40 | €39,478 | €14,198 | -€25,280 | -64.0% |
| Other amounts receivable | 41 | €1,701 | €18,520 | +€16,818 | +988.4% |
| Cash at bank and in hand | 54/58 | €109,980 | €165,252 | +€55,272 | +50.3% |
| Deferred charges and accrued income | 490/1 | €2,723 | €2,856 | +€133 | +4.9% |
| Total equity and liabilities | 10/49 | €527,413 | €558,794 | +€31,381 | +5.9% |
| Equity | 10/15 | €170,940 | €205,701 | +€34,760 | +20.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €160,940 | €195,701 | +€34,760 | +21.6% |
| Distributable reserves | 133 | €160,940 | €195,701 | +€34,760 | +21.6% |
| Amounts payable | 17/49 | €356,473 | €353,093 | -€3,380 | -0.9% |
| Amounts payable after more than one year | 17 | €298,623 | €278,329 | -€20,295 | -6.8% |
| Financial debts | 170/4 | €298,623 | €278,329 | -€20,295 | -6.8% |
| Amounts payable within one year | 42/48 | €57,849 | €74,764 | +€16,915 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €25,284 | €21,369 | -€3,915 | -15.5% |
| Trade debts | 44 | €13,757 | €35,206 | +€21,449 | +155.9% |
| Suppliers | 440/4 | €13,757 | €35,206 | +€21,449 | +155.9% |
| Taxes, remuneration and social security | 45 | €18,684 | €17,984 | -€700 | -3.7% |
| Taxes | 450/3 | €9,241 | €12,516 | +€3,275 | +35.4% |
| Remuneration and social security | 454/9 | €9,443 | €5,468 | -€3,975 | -42.1% |
| Other amounts payable | 47/48 | €124 | €206 | +€81 | +65.3% |
| Non-recurring operating income | 76A | - | €1,513 | +€1,513 | |
| Remuneration, social security and pensions | 62 | €69,863 | €76,232 | +€6,369 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,701 | €24,291 | +€14,589 | +150.4% |
| Other operating charges | 640/8 | €3,135 | €2,328 | -€807 | -25.7% |
| Gross operating margin | 9900 | €196,328 | €172,258 | -€24,070 | -12.3% |
| Operating profit (loss) | 9901 | €113,629 | €69,407 | -€44,222 | -38.9% |
| Financial income | 75/76B | €36 | €0 | -€35 | -99.9% |
| Recurring financial income | 75 | €36 | €0 | -€35 | -99.9% |
| Financial charges | 65/66B | €9,558 | €14,497 | +€4,939 | +51.7% |
| Recurring financial charges | 65 | €9,558 | €14,497 | +€4,939 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €104,106 | €54,910 | -€49,196 | -47.3% |
| Income taxes | 67/77 | €28,299 | €20,149 | -€8,149 | -28.8% |
| Profit (loss) for the period | 9904 | €75,807 | €34,760 | -€41,047 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,807 | €34,760 | -€41,047 | -54.1% |
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 10 October 2026 via checked.be.