IMMO BRAY: 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 BRAY
Largest movements
- Stocks and contracts -€823,570
down €823,570 (-44.9%), from €1.8m to €1.0m
- Tangible fixed assets +€563,447
up €563,447 (+81.9%), from €688,301 to €1.3m
- Cash +€345,010
up €345,010 (+1,218%), from €28,321 to €373,331
mainly Stocks and contracts (+€823,570) and Trade debts (+€328,915)
- Trade debts +€328,915
up €328,915 (+1,642%), from €20,032 to €348,947
- Short-term financial debts -€218,089
down €218,089 (-22.0%), from €993,089 to €775,000
- Other debts -€45,735
down €45,735 (-4.9%), from €940,805 to €895,070
- Depreciation +€31,993
up €31,993 (+83.1%), from €38,509 to €70,502
- Financial charges +€21,038
up €21,038 (+79.3%), from €26,531 to €47,569
of which Financial charges: +€20,088
- Other operating charges -€18,382
down €18,382 (-53.6%), from €34,325 to €15,943
- Gross operating margin +€12,789
up €12,789 (+8.2%), from €156,721 to €169,510
- Taxes +€5,552
up €5,552 (+43.3%), from €12,810 to €18,362
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 | €2,565,102 | €2,657,056 | +€91,954 | +3.6% |
| Fixed assets | 21/28 | €688,301 | €1,251,748 | +€563,447 | +81.9% |
| Tangible fixed assets | 22/27 | €688,301 | €1,251,748 | +€563,447 | +81.9% |
| Land and buildings | 22 | €688,301 | €1,251,748 | +€563,447 | +81.9% |
| Current assets | 29/58 | €1,876,801 | €1,405,308 | -€471,493 | -25.1% |
| Stocks and contracts in progress | 3 | €1,835,705 | €1,012,135 | -€823,570 | -44.9% |
| Stocks | 30/36 | €1,835,705 | €1,012,135 | -€823,570 | -44.9% |
| Amounts receivable within one year | 40/41 | €12,775 | €19,842 | +€7,067 | +55.3% |
| Trade receivables | 40 | €1,902 | €8,669 | +€6,767 | +356% |
| Other amounts receivable | 41 | €10,873 | €11,173 | +€300 | +2.8% |
| Cash at bank and in hand | 54/58 | €28,321 | €373,331 | +€345,010 | +1,218% |
| Total equity and liabilities | 10/49 | €2,565,102 | €2,657,056 | +€91,954 | +3.6% |
| Equity | 10/15 | €609,664 | €626,798 | +€17,134 | +2.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,164 | €22,298 | +€17,134 | +332% |
| Amounts payable | 17/49 | €1,955,438 | €2,030,258 | +€74,820 | +3.8% |
| Amounts payable within one year | 42/48 | €1,955,438 | €2,030,258 | +€74,820 | +3.8% |
| Financial debts | 43 | €993,089 | €775,000 | -€218,089 | -22.0% |
| Credit institutions | 430/8 | €993,089 | €775,000 | -€218,089 | -22.0% |
| Trade debts | 44 | €20,032 | €348,947 | +€328,915 | +1,642% |
| Suppliers | 440/4 | €20,032 | €348,947 | +€328,915 | +1,642% |
| Taxes, remuneration and social security | 45 | €1,512 | €11,241 | +€9,729 | +643% |
| Taxes | 450/3 | €1,512 | €11,241 | +€9,729 | +643% |
| Other amounts payable | 47/48 | €940,805 | €895,070 | -€45,735 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,509 | €70,502 | +€31,993 | +83.1% |
| Other operating charges | 640/8 | €34,325 | €15,943 | -€18,382 | -53.6% |
| Non-recurring operating charges | 66A | €425 | - | -€425 | |
| Gross operating margin | 9900 | €156,721 | €169,510 | +€12,789 | +8.2% |
| Operating profit (loss) | 9901 | €83,462 | €83,065 | -€397 | -0.5% |
| Financial charges | 65/66B | €26,531 | €47,569 | +€21,038 | +79.3% |
| Recurring financial charges | 65 | €26,531 | €46,619 | +€20,088 | +75.7% |
| Non-recurring financial charges | 66B | - | €950 | +€950 | |
| Profit (loss) for the period before taxes | 9903 | €56,931 | €35,496 | -€21,435 | -37.7% |
| Income taxes | 67/77 | €12,810 | €18,362 | +€5,552 | +43.3% |
| Profit (loss) for the period | 9904 | €44,121 | €17,134 | -€26,987 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,121 | €17,134 | -€26,987 | -61.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.