IMMO BW: what changed
Two fiscal 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 BW
Largest movements
- Tangible fixed assets -€11,475
down €11,475 (-4.5%), from €257,493 to €246,018
- Debts after one year -€9,744
down €9,744 (-3.9%), from €250,938 to €241,194
- Depreciation -€44,901
down €44,901 (-79.6%), from €56,376 to €11,475
- Financial charges -€1,931
down €1,931 (-15.5%), from €12,431 to €10,501
- Gross operating margin +€1,237
up €1,237 (+5.5%), from €22,327 to €23,564
- Financial income +€240
new in 2025: €240
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 | €263,803 | €253,196 | -€10,608 | -4.0% |
| Fixed assets | 21/28 | €257,493 | €246,018 | -€11,475 | -4.5% |
| Tangible fixed assets | 22/27 | €257,493 | €246,018 | -€11,475 | -4.5% |
| Land and buildings | 22 | €257,493 | €246,018 | -€11,475 | -4.5% |
| Current assets | 29/58 | €6,310 | €7,178 | +€867 | +13.7% |
| Amounts receivable within one year | 40/41 | - | €1,941 | +€1,941 | |
| Trade receivables | 40 | - | €1,941 | +€1,941 | |
| Cash at bank and in hand | 54/58 | €6,310 | €4,693 | -€1,617 | -25.6% |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €263,803 | €253,196 | -€10,608 | -4.0% |
| Equity | 10/15 | -€29,243 | -€30,037 | -€793 | -2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,243 | -€50,037 | -€793 | -1.6% |
| Amounts payable | 17/49 | €293,046 | €283,232 | -€9,814 | -3.3% |
| Amounts payable after more than one year | 17 | €250,938 | €241,194 | -€9,744 | -3.9% |
| Financial debts | 170/4 | €250,938 | €241,194 | -€9,744 | -3.9% |
| Amounts payable within one year | 42/48 | €42,108 | €42,038 | -€70 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €9,358 | €9,744 | +€386 | +4.1% |
| Trade debts | 44 | - | €1,544 | +€1,544 | |
| Suppliers | 440/4 | - | €1,544 | +€1,544 | |
| Other amounts payable | 47/48 | €32,750 | €30,750 | -€2,000 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,376 | €11,475 | -€44,901 | -79.6% |
| Other operating charges | 640/8 | €2,763 | €2,622 | -€141 | -5.1% |
| Gross operating margin | 9900 | €22,327 | €23,564 | +€1,237 | +5.5% |
| Operating profit (loss) | 9901 | -€36,812 | €9,467 | +€46,279 | |
| Financial income | 75/76B | - | €240 | +€240 | |
| Recurring financial income | 75 | - | €240 | +€240 | |
| Financial charges | 65/66B | €12,431 | €10,501 | -€1,931 | -15.5% |
| Recurring financial charges | 65 | €12,431 | €10,501 | -€1,931 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€49,243 | -€793 | +€48,450 | +98.4% |
| Profit (loss) for the period | 9904 | -€49,243 | -€793 | +€48,450 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,243 | -€793 | +€48,450 | +98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.