IMMO BSJ: 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 BSJ
Largest movements
- Deferred charges and accrued income +€41,524
up €41,524 (+893.4%), from €4,648 to €46,171
- Cash -€15,947
down €15,947 (-24.4%), from €65,392 to €49,445
mainly Deferred charges and accrued income (-€41,524) and Net result for the year (-€6,374)
- Receivables within one year -€4,673
down €4,673 (-7.1%), from €65,357 to €60,684
of which Trade receivables: -€5,308
- Other debts +€28,948
up €28,948 (+65.1%), from €44,453 to €73,401
- Profit (loss) carried forward -€6,374
new in 2025: -€6,374
- Tax, wage and social debts -€5,645
down €5,645 (-33.5%), from €16,860 to €11,216
of which Remuneration and social security: -€5,752
- Financial charges +€24,410
up €24,410 (+46.8%), from €52,102 to €76,511
- Staff costs -€13,193
down €13,193 (-26.7%), from €49,421 to €36,229
- Gross operating margin +€1,536
up €1,536 (+1.4%), from €107,541 to €109,077
- Taxes -€1,131
down €1,131 (-88.1%), from €1,284 to €153
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 | €406,028 | €425,427 | +€19,398 | +4.8% |
| Fixed assets | 21/28 | €270,632 | €269,127 | -€1,506 | -0.6% |
| Tangible fixed assets | 22/27 | €270,269 | €268,764 | -€1,506 | -0.6% |
| Land and buildings | 22 | €264,600 | €264,600 | = | 0.0% |
| Furniture and vehicles | 24 | €4,130 | €3,162 | -€969 | -23.5% |
| Other tangible fixed assets | 26 | €1,539 | €1,002 | -€537 | -34.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €135,396 | €156,300 | +€20,904 | +15.4% |
| Amounts receivable within one year | 40/41 | €65,357 | €60,684 | -€4,673 | -7.1% |
| Trade receivables | 40 | €34,145 | €28,837 | -€5,308 | -15.5% |
| Other amounts receivable | 41 | €31,212 | €31,847 | +€635 | +2.0% |
| Cash at bank and in hand | 54/58 | €65,392 | €49,445 | -€15,947 | -24.4% |
| Deferred charges and accrued income | 490/1 | €4,648 | €46,171 | +€41,524 | +893.4% |
| Total equity and liabilities | 10/49 | €406,028 | €425,427 | +€19,398 | +4.8% |
| Equity | 10/15 | €150,001 | €143,627 | -€6,374 | -4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €130,001 | €130,001 | = | 0.0% |
| Distributable reserves | 133 | €130,001 | €130,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,374 | -€6,374 | |
| Amounts payable | 17/49 | €256,027 | €281,800 | +€25,772 | +10.1% |
| Amounts payable after more than one year | 17 | €181,955 | €179,881 | -€2,075 | -1.1% |
| Financial debts | 170/4 | €181,955 | €179,881 | -€2,075 | -1.1% |
| Amounts payable within one year | 42/48 | €73,860 | €101,717 | +€27,857 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €11,199 | €14,540 | +€3,340 | +29.8% |
| Trade debts | 44 | €1,347 | €2,561 | +€1,214 | +90.1% |
| Suppliers | 440/4 | €1,347 | €2,561 | +€1,214 | +90.1% |
| Taxes, remuneration and social security | 45 | €16,860 | €11,216 | -€5,645 | -33.5% |
| Taxes | 450/3 | €8,273 | €8,381 | +€107 | +1.3% |
| Remuneration and social security | 454/9 | €8,587 | €2,835 | -€5,752 | -67.0% |
| Other amounts payable | 47/48 | €44,453 | €73,401 | +€28,948 | +65.1% |
| Accrued charges and deferred income | 492/3 | €212 | €202 | -€10 | -4.9% |
| Remuneration, social security and pensions | 62 | €49,421 | €36,229 | -€13,193 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €1,792 | +€409 | +29.6% |
| Other operating charges | 640/8 | €742 | €766 | +€24 | +3.3% |
| Non-recurring operating charges | 66A | €1,480 | - | -€1,480 | |
| Gross operating margin | 9900 | €107,541 | €109,077 | +€1,536 | +1.4% |
| Operating profit (loss) | 9901 | €54,516 | €70,290 | +€15,775 | +28.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €52,102 | €76,511 | +€24,410 | +46.8% |
| Recurring financial charges | 65 | €52,102 | €76,511 | +€24,410 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €2,416 | -€6,221 | -€8,637 | |
| Income taxes | 67/77 | €1,284 | €153 | -€1,131 | -88.1% |
| Profit (loss) for the period | 9904 | €1,132 | -€6,374 | -€7,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,132 | -€6,374 | -€7,506 |
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.