IMMO-BWM: 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-BWM
Largest movements
- Cash +€54,560
up €54,560 (+7.4%), from €736,996 to €791,556
mainly Depreciation (+€50,420) and Net result for the year (+€30,813)
- Tangible fixed assets -€43,509
down €43,509 (-6.2%), from €705,304 to €661,795
of which Land and buildings: -€27,236
- Profit (loss) carried forward +€39,324
up €39,324 (+6.2%), from €638,709 to €678,033
- Financial income +€2,711
up €2,711 (+87.7%), from €3,092 to €5,803
- Gross operating margin +€1,877
up €1,877 (+1.9%), from €97,627 to €99,504
- Taxes +€1,489
up €1,489 (+11.5%), from €12,983 to €14,472
- Depreciation +€1,473
up €1,473 (+3.0%), from €48,947 to €50,420
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 | €1,443,035 | €1,455,370 | +€12,334 | +0.9% |
| Fixed assets | 21/28 | €705,304 | €661,795 | -€43,509 | -6.2% |
| Tangible fixed assets | 22/27 | €705,304 | €661,795 | -€43,509 | -6.2% |
| Land and buildings | 22 | €607,728 | €580,492 | -€27,236 | -4.5% |
| Plant, machinery and equipment | 23 | €97,576 | €81,303 | -€16,273 | -16.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €737,732 | €793,575 | +€55,843 | +7.6% |
| Amounts receivable within one year | 40/41 | €75 | €389 | +€313 | +415.5% |
| Trade receivables | 40 | €75 | €389 | +€313 | +415.5% |
| Cash at bank and in hand | 54/58 | €736,996 | €791,556 | +€54,560 | +7.4% |
| Deferred charges and accrued income | 490/1 | €660 | €1,629 | +€969 | +146.9% |
| Total equity and liabilities | 10/49 | €1,443,035 | €1,455,370 | +€12,334 | +0.9% |
| Equity | 10/15 | €1,377,743 | €1,408,556 | +€30,813 | +2.2% |
| Contributions | 10/11 | €627,171 | €627,171 | = | 0.0% |
| Capital | 10 | €627,171 | €627,171 | = | 0.0% |
| Issued capital | 100 | €627,171 | €627,171 | = | 0.0% |
| Reserves | 13 | €111,863 | €103,352 | -€8,511 | -7.6% |
| Non-distributable reserves | 130/1 | €62,717 | €62,717 | = | 0.0% |
| Legal reserve | 130 | €62,717 | €62,717 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,146 | €40,635 | -€8,511 | -17.3% |
| Profit (loss) carried forward | 14 | €638,709 | €678,033 | +€39,324 | +6.2% |
| Provisions and deferred taxes | 16 | €22,756 | €19,919 | -€2,837 | -12.5% |
| Deferred taxes | 168 | €22,756 | €19,919 | -€2,837 | -12.5% |
| Amounts payable | 17/49 | €42,536 | €26,895 | -€15,641 | -36.8% |
| Amounts payable within one year | 42/48 | €42,356 | €26,194 | -€16,162 | -38.2% |
| Trade debts | 44 | €18,873 | €4,390 | -€14,484 | -76.7% |
| Suppliers | 440/4 | €18,873 | €4,390 | -€14,484 | -76.7% |
| Taxes, remuneration and social security | 45 | €17,463 | €15,876 | -€1,587 | -9.1% |
| Taxes | 450/3 | €16,863 | €14,976 | -€1,887 | -11.2% |
| Remuneration and social security | 454/9 | €600 | €900 | +€300 | +50.0% |
| Other amounts payable | 47/48 | €6,020 | €5,929 | -€91 | -1.5% |
| Accrued charges and deferred income | 492/3 | €180 | €701 | +€521 | +289.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,947 | €50,420 | +€1,473 | +3.0% |
| Other operating charges | 640/8 | €11,813 | €12,181 | +€368 | +3.1% |
| Gross operating margin | 9900 | €97,627 | €99,504 | +€1,877 | +1.9% |
| Operating profit (loss) | 9901 | €36,867 | €36,903 | +€36 | +0.1% |
| Financial income | 75/76B | €3,092 | €5,803 | +€2,711 | +87.7% |
| Recurring financial income | 75 | €3,092 | €5,803 | +€2,711 | +87.7% |
| Financial charges | 65/66B | €792 | €258 | -€533 | -67.4% |
| Recurring financial charges | 65 | €792 | €258 | -€533 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €39,167 | €42,448 | +€3,281 | +8.4% |
| Transfer from deferred taxes | 780 | €2,837 | €2,837 | = | 0.0% |
| Income taxes | 67/77 | €12,983 | €14,472 | +€1,489 | +11.5% |
| Profit (loss) for the period | 9904 | €29,021 | €30,813 | +€1,792 | +6.2% |
| Transfer from tax-exempt reserves | 789 | €8,511 | €8,511 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,532 | €39,324 | +€1,792 | +4.8% |
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 12 October 2026 via checked.be.