IMMO BWIN: 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 BWIN
Largest movements
- Tangible fixed assets -€52,929
down €52,929 (-17.8%), from €296,596 to €243,666
of which Plant, machinery and equipment: -€47,887
- Cash +€41,062
up €41,062 (+11.0%), from €374,433 to €415,495
mainly Net result for the year (+€79,699) and Depreciation (+€55,675)
- Receivables within one year -€28,391
down €28,391 (-50.6%), from €56,098 to €27,707
of which Trade receivables: -€36,086
- Stocks and contracts +€16,188
up €16,188 (+22.0%), from €73,689 to €89,877
- Profit (loss) carried forward +€79,699
up €79,699 (+1699.5%), from €4,690 to €84,388
- Trade debts -€69,873
down €69,873 (-19.7%), from €354,599 to €284,727
- Debts after one year -€33,508
down €33,508 (-14.7%), from €228,628 to €195,121
- Gross operating margin +€79,466
up €79,466 (+25.6%), from €310,324 to €389,791
- Staff costs +€44,216
up €44,216 (+23.5%), from €187,950 to €232,166
- Financial charges +€8,681
up €8,681 (+64.5%), from €13,451 to €22,132
- Taxes +€7,025
new in 2024: €7,025
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.
Cash bridge derived
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 | €808,200 | €783,866 | -€24,334 | -3.0% |
| Formation expenses | 20 | €1,924 | €1,493 | -€431 | -22.4% |
| Fixed assets | 21/28 | €297,616 | €244,686 | -€52,929 | -17.8% |
| Tangible fixed assets | 22/27 | €296,596 | €243,666 | -€52,929 | -17.8% |
| Plant, machinery and equipment | 23 | €266,743 | €218,856 | -€47,887 | -18.0% |
| Furniture and vehicles | 24 | €29,853 | €24,810 | -€5,042 | -16.9% |
| Financial fixed assets | 28 | €1,020 | €1,020 | = | 0.0% |
| Current assets | 29/58 | €508,660 | €537,687 | +€29,027 | +5.7% |
| Stocks and contracts in progress | 3 | €73,689 | €89,877 | +€16,188 | +22.0% |
| Stocks | 30/36 | €73,689 | €89,877 | +€16,188 | +22.0% |
| Amounts receivable within one year | 40/41 | €56,098 | €27,707 | -€28,391 | -50.6% |
| Trade receivables | 40 | €55,774 | €19,689 | -€36,086 | -64.7% |
| Other amounts receivable | 41 | €324 | €8,018 | +€7,694 | +2374.6% |
| Cash at bank and in hand | 54/58 | €374,433 | €415,495 | +€41,062 | +11.0% |
| Deferred charges and accrued income | 490/1 | €4,440 | €4,608 | +€168 | +3.8% |
| Total equity and liabilities | 10/49 | €808,200 | €783,866 | -€24,334 | -3.0% |
| Equity | 10/15 | €158,971 | €232,855 | +€73,884 | +46.5% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,690 | €84,388 | +€79,699 | +1699.5% |
| Investment grants | 15 | €42,781 | €36,966 | -€5,815 | -13.6% |
| Amounts payable | 17/49 | €649,229 | €551,012 | -€98,218 | -15.1% |
| Amounts payable after more than one year | 17 | €228,628 | €195,121 | -€33,508 | -14.7% |
| Financial debts | 170/4 | €228,628 | €195,121 | -€33,508 | -14.7% |
| Amounts payable within one year | 42/48 | €420,601 | €355,342 | -€65,259 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €37,093 | €37,991 | +€898 | +2.4% |
| Trade debts | 44 | €354,599 | €284,727 | -€69,873 | -19.7% |
| Suppliers | 440/4 | €354,599 | €284,727 | -€69,873 | -19.7% |
| Taxes, remuneration and social security | 45 | €28,626 | €31,991 | +€3,365 | +11.8% |
| Taxes | 450/3 | €3,711 | €7,404 | +€3,694 | +99.5% |
| Remuneration and social security | 454/9 | €24,915 | €24,586 | -€329 | -1.3% |
| Other amounts payable | 47/48 | €283 | €634 | +€350 | +123.6% |
| Accrued charges and deferred income | 492/3 | - | €549 | +€549 | |
| Remuneration, social security and pensions | 62 | €187,950 | €232,166 | +€44,216 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,875 | €55,675 | +€1,800 | +3.3% |
| Other operating charges | 640/8 | €87 | €663 | +€577 | +665.4% |
| Non-recurring operating charges | 66A | -€3 | €362 | +€365 | |
| Gross operating margin | 9900 | €310,324 | €389,791 | +€79,466 | +25.6% |
| Operating profit (loss) | 9901 | €68,415 | €100,924 | +€32,509 | +47.5% |
| Financial income | 75/76B | €6,919 | €7,932 | +€1,013 | +14.6% |
| Recurring financial income | 75 | €6,919 | €7,932 | +€1,013 | +14.6% |
| Financial charges | 65/66B | €13,451 | €22,132 | +€8,681 | +64.5% |
| Recurring financial charges | 65 | €13,451 | €22,132 | +€8,681 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €61,883 | €86,724 | +€24,841 | +40.1% |
| Income taxes | 67/77 | - | €7,025 | +€7,025 | |
| Profit (loss) for the period | 9904 | €61,883 | €79,699 | +€17,816 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,883 | €79,699 | +€17,816 | +28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.