Immo Bosduin: 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 Bosduin
Largest movements
- Cash +€66,256
up €66,256 (+193%), from €34,364 to €100,621
mainly Net result for the year (+€183,275) and Depreciation (+€60,377)
- Tangible fixed assets -€60,377
down €60,377 (-2.9%), from €2.1m to €2.0m
of which Land and buildings: -€60,304
- Reserves +€183,275
up €183,275 (+14.7%), from €1.2m to €1.4m
of which Distributable reserves: +€183,275
- Debts after one year -€106,056
down €106,056 (-16.4%), from €644,888 to €538,832
of which Financial debts: -€106,056
- Other debts -€52,336
down €52,336 (-93.4%), from €56,041 to €3,705
- Current portion of long-term debt -€33,040
down €33,040 (-23.8%), from €139,096 to €106,056
- Gross operating margin +€54,270
up €54,270 (+16.0%), from €339,979 to €394,249
- Taxes +€12,922
up €12,922 (+26.8%), from €48,231 to €61,152
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 | €2,148,949 | €2,142,925 | -€6,024 | -0.3% |
| Fixed assets | 21/28 | €2,102,617 | €2,042,240 | -€60,377 | -2.9% |
| Tangible fixed assets | 22/27 | €2,102,617 | €2,042,240 | -€60,377 | -2.9% |
| Land and buildings | 22 | €2,102,544 | €2,042,240 | -€60,304 | -2.9% |
| Plant, machinery and equipment | 23 | €73 | €0 | -€73 | -100% |
| Current assets | 29/58 | €46,332 | €100,685 | +€54,353 | +117% |
| Amounts receivable within one year | 40/41 | €11,770 | €18 | -€11,752 | -99.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,770 | €18 | -€11,752 | -99.9% |
| Cash at bank and in hand | 54/58 | €34,364 | €100,621 | +€66,256 | +193% |
| Deferred charges and accrued income | 490/1 | €198 | €47 | -€151 | -76.3% |
| Total equity and liabilities | 10/49 | €2,148,949 | €2,142,925 | -€6,024 | -0.3% |
| Equity | 10/15 | €1,306,272 | €1,489,548 | +€183,275 | +14.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,244,772 | €1,428,048 | +€183,275 | +14.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,238,622 | €1,421,898 | +€183,275 | +14.8% |
| Amounts payable | 17/49 | €842,677 | €653,378 | -€189,299 | -22.5% |
| Amounts payable after more than one year | 17 | €644,888 | €538,832 | -€106,056 | -16.4% |
| Financial debts | 170/4 | €607,704 | €501,648 | -€106,056 | -17.5% |
| Other amounts payable | 178/9 | €37,184 | €37,184 | = | 0.0% |
| Amounts payable within one year | 42/48 | €197,789 | €114,545 | -€83,244 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €139,096 | €106,056 | -€33,040 | -23.8% |
| Trade debts | 44 | €748 | €832 | +€84 | +11.3% |
| Suppliers | 440/4 | €748 | €832 | +€84 | +11.3% |
| Taxes, remuneration and social security | 45 | €1,904 | €3,953 | +€2,048 | +108% |
| Taxes | 450/3 | €1,904 | €3,953 | +€2,048 | +108% |
| Other amounts payable | 47/48 | €56,041 | €3,705 | -€52,336 | -93.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,394 | €60,377 | -€17 | 0.0% |
| Other operating charges | 640/8 | €73,619 | €76,356 | +€2,737 | +3.7% |
| Gross operating margin | 9900 | €339,979 | €394,249 | +€54,270 | +16.0% |
| Operating profit (loss) | 9901 | €205,966 | €257,516 | +€51,550 | +25.0% |
| Financial income | 75/76B | €1 | €24 | +€23 | +2,596% |
| Recurring financial income | 75 | €1 | €24 | +€23 | +2,596% |
| Financial charges | 65/66B | €13,044 | €13,113 | +€69 | +0.5% |
| Recurring financial charges | 65 | €13,044 | €13,113 | +€69 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €192,923 | €244,427 | +€51,505 | +26.7% |
| Income taxes | 67/77 | €48,231 | €61,152 | +€12,922 | +26.8% |
| Profit (loss) for the period | 9904 | €144,692 | €183,275 | +€38,583 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,692 | €183,275 | +€38,583 | +26.7% |
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 31 October 2026 via checked.be.