IMMO CALUWAERT: what changed
IMMO CALUWAERT
Largest movements
- Tangible fixed assets -€74,648
down €74,648 (-11.7%), from €636,856 to €562,208
of which Land and buildings: -€66,867
- Cash +€19,590
up €19,590 (+8.3%), from €236,605 to €256,194
mainly Depreciation (+€74,648) and Receivables within one year (+€1,015)
- Other debts -€36,334
down €36,334 (-5.7%), from €640,882 to €604,548
- Profit (loss) carried forward -€18,237
down €18,237 (-53.4%), from -€34,168 to -€52,405
- Gross operating margin -€106,217
down €106,217 (-60.6%), from €175,196 to €68,979
- Other operating charges +€2,946
up €2,946 (+29.7%), from €9,930 to €12,877
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €899,941 | €844,386 | -€55,555 | -6.2% |
| Fixed assets | 21/28 | €644,506 | €569,858 | -€74,648 | -11.6% |
| Tangible fixed assets | 22/27 | €636,856 | €562,208 | -€74,648 | -11.7% |
| Land and buildings | 22 | €624,917 | €558,051 | -€66,867 | -10.7% |
| Furniture and vehicles | 24 | €11,939 | €4,157 | -€7,782 | -65.2% |
| Financial fixed assets | 28 | €7,650 | €7,650 | = | 0.0% |
| Current assets | 29/58 | €255,435 | €274,528 | +€19,093 | +7.5% |
| Amounts receivable within one year | 40/41 | €17,106 | €16,091 | -€1,015 | -5.9% |
| Trade receivables | 40 | €327 | €569 | +€242 | +74.1% |
| Other amounts receivable | 41 | €16,779 | €15,522 | -€1,257 | -7.5% |
| Cash at bank and in hand | 54/58 | €236,605 | €256,194 | +€19,590 | +8.3% |
| Deferred charges and accrued income | 490/1 | €1,724 | €2,242 | +€519 | +30.1% |
| Total equity and liabilities | 10/49 | €899,941 | €844,386 | -€55,555 | -6.2% |
| Equity | 10/15 | €258,074 | €239,838 | -€18,237 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,643 | €273,643 | = | 0.0% |
| Distributable reserves | 133 | €273,643 | €273,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,168 | -€52,405 | -€18,237 | -53.4% |
| Amounts payable | 17/49 | €641,866 | €604,548 | -€37,318 | -5.8% |
| Amounts payable within one year | 42/48 | €641,866 | €604,548 | -€37,318 | -5.8% |
| Trade debts | 44 | €985 | - | -€985 | |
| Suppliers | 440/4 | €985 | - | -€985 | |
| Other amounts payable | 47/48 | €640,882 | €604,548 | -€36,334 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,648 | €74,648 | = | 0.0% |
| Other operating charges | 640/8 | €9,930 | €12,877 | +€2,946 | +29.7% |
| Gross operating margin | 9900 | €175,196 | €68,979 | -€106,217 | -60.6% |
| Operating profit (loss) | 9901 | €90,617 | -€18,546 | -€109,164 | |
| Financial income | 75/76B | €93 | €1,398 | +€1,304 | +1,398% |
| Recurring financial income | 75 | €93 | €1,398 | +€1,304 | +1,398% |
| Financial charges | 65/66B | €766 | €521 | -€245 | -31.9% |
| Recurring financial charges | 65 | €766 | €521 | -€245 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €89,945 | -€17,670 | -€107,615 | |
| Income taxes | 67/77 | €143 | €567 | +€423 | +296% |
| Profit (loss) for the period | 9904 | €89,801 | -€18,237 | -€108,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,801 | -€18,237 | -€108,038 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.