IMMO BUNDERVOET: 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 BUNDERVOET
Largest movements
- Tangible fixed assets -€30,818
down €30,818 (-4.2%), from €742,057 to €711,239
of which Land and buildings: -€26,891
- Debts after one year -€113,891
down €113,891 (-35.3%), from €322,631 to €208,739
- Other debts +€64,456
up €64,456 (+84.5%), from €76,312 to €140,768
- Reserves +€20,312
up €20,312 (+10.9%), from €187,132 to €207,444
of which Distributable reserves: +€20,312
- Trade debts -€11,047
no longer reported in 2025 (was €11,047)
- Tax, wage and social debts +€8,887
new in 2025: €8,887
- Turnover -€52,479
no longer reported in 2025 (was €52,479)
- Purchases and services -€19,442
no longer reported in 2025 (was €19,442)
- Gross operating margin -€12,451
down €12,451 (-13.2%), from €94,279 to €81,828
- Other operating charges +€5,033
up €5,033 (+135%), from €3,733 to €8,766
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 | €756,912 | €726,782 | -€30,129 | -4.0% |
| Fixed assets | 21/28 | €743,842 | €713,024 | -€30,818 | -4.1% |
| Tangible fixed assets | 22/27 | €742,057 | €711,239 | -€30,818 | -4.2% |
| Land and buildings | 22 | €734,204 | €707,312 | -€26,891 | -3.7% |
| Furniture and vehicles | 24 | €7,854 | €3,927 | -€3,927 | -50.0% |
| Financial fixed assets | 28 | €1,785 | €1,785 | = | 0.0% |
| Current assets | 29/58 | €13,069 | €13,758 | +€689 | +5.3% |
| Amounts receivable within one year | 40/41 | €11,872 | €11,231 | -€641 | -5.4% |
| Trade receivables | 40 | €11,770 | €10,815 | -€955 | -8.1% |
| Other amounts receivable | 41 | €102 | €416 | +€314 | +308% |
| Cash at bank and in hand | 54/58 | €1,197 | €2,527 | +€1,330 | +111% |
| Total equity and liabilities | 10/49 | €756,912 | €726,782 | -€30,129 | -4.0% |
| Equity | 10/15 | €296,948 | €317,260 | +€20,312 | +6.8% |
| Contributions | 10/11 | €109,817 | €109,817 | = | 0.0% |
| Capital | 10 | €109,817 | €109,817 | = | 0.0% |
| Issued capital | 100 | €109,817 | €109,817 | = | 0.0% |
| Reserves | 13 | €187,132 | €207,444 | +€20,312 | +10.9% |
| Non-distributable reserves | 130/1 | €10,982 | €10,982 | = | 0.0% |
| Legal reserve | 130 | €10,982 | €10,982 | = | 0.0% |
| Distributable reserves | 133 | €176,150 | €196,462 | +€20,312 | +11.5% |
| Amounts payable | 17/49 | €459,963 | €409,522 | -€50,441 | -11.0% |
| Amounts payable after more than one year | 17 | €322,631 | €208,739 | -€113,891 | -35.3% |
| Financial debts | 170/4 | €322,631 | €208,739 | -€113,891 | -35.3% |
| Amounts payable within one year | 42/48 | €137,333 | €200,783 | +€63,450 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €49,974 | €51,128 | +€1,154 | +2.3% |
| Trade debts | 44 | €11,047 | - | -€11,047 | |
| Bills of exchange payable | 441 | €11,047 | - | -€11,047 | |
| Taxes, remuneration and social security | 45 | - | €8,887 | +€8,887 | |
| Taxes | 450/3 | - | €8,887 | +€8,887 | |
| Other amounts payable | 47/48 | €76,312 | €140,768 | +€64,456 | +84.5% |
| Turnover | 70 | €52,479 | - | -€52,479 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,442 | - | -€19,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,818 | €30,818 | = | 0.0% |
| Other operating charges | 640/8 | €3,733 | €8,766 | +€5,033 | +135% |
| Gross operating margin | 9900 | €94,279 | €81,828 | -€12,451 | -13.2% |
| Operating profit (loss) | 9901 | €59,728 | €42,244 | -€17,484 | -29.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €10,908 | €10,594 | -€315 | -2.9% |
| Recurring financial charges | 65 | €10,908 | €10,594 | -€315 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €48,820 | €31,653 | -€17,167 | -35.2% |
| Income taxes | 67/77 | €10,796 | €11,341 | +€546 | +5.1% |
| Profit (loss) for the period | 9904 | €38,024 | €20,312 | -€17,712 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,024 | €20,312 | -€17,712 | -46.6% |
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 16 October 2026 via checked.be.