IMMO CAUWE: 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 CAUWE
Largest movements
- Receivables within one year -€112,844
down €112,844 (-16.1%), from €701,209 to €588,366
of which Other amounts receivable: -€96,364
- Cash +€78,584
up €78,584 (+100%), from €78,440 to €157,024
mainly Receivables within one year (+€112,844) and Depreciation (+€34,439)
- Intangible fixed assets -€27,587
down €27,587 (-22.5%), from €122,850 to €95,263
- Trade debts -€48,207
down €48,207 (-32.0%), from €150,726 to €102,519
- Tax, wage and social debts -€28,241
down €28,241 (-52.9%), from €53,374 to €25,133
of which Taxes: -€24,371
- Profit (loss) carried forward +€12,550
up €12,550 (+3.7%), from €337,819 to €350,369
- Gross operating margin -€77,318
down €77,318 (-32.5%), from €238,010 to €160,692
- Taxes -€24,332
down €24,332 (-76.3%), from €31,904 to €7,572
- Depreciation +€16,417
up €16,417 (+91.1%), from €18,022 to €34,439
- Financial charges +€4,529
up €4,529 (+103%), from €4,394 to €8,923
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.
Derived cash bridge
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 | €967,437 | €904,510 | -€62,927 | -6.5% |
| Fixed assets | 21/28 | €142,562 | €113,957 | -€28,605 | -20.1% |
| Intangible fixed assets | 21 | €122,850 | €95,263 | -€27,587 | -22.5% |
| Tangible fixed assets | 22/27 | €19,711 | €18,694 | -€1,018 | -5.2% |
| Land and buildings | 22 | €16,819 | €12,857 | -€3,962 | -23.6% |
| Plant, machinery and equipment | 23 | €2,640 | €515 | -€2,125 | -80.5% |
| Furniture and vehicles | 24 | €252 | €5,321 | +€5,069 | +2,011% |
| Current assets | 29/58 | €824,876 | €790,553 | -€34,322 | -4.2% |
| Amounts receivable within one year | 40/41 | €701,209 | €588,366 | -€112,844 | -16.1% |
| Trade receivables | 40 | €18,518 | €2,038 | -€16,480 | -89.0% |
| Other amounts receivable | 41 | €682,691 | €586,327 | -€96,364 | -14.1% |
| Current investments | 50/53 | €44,653 | €44,652 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €78,440 | €157,024 | +€78,584 | +100% |
| Deferred charges and accrued income | 490/1 | €573 | €511 | -€62 | -10.8% |
| Total equity and liabilities | 10/49 | €967,437 | €904,510 | -€62,927 | -6.5% |
| Equity | 10/15 | €635,337 | €647,888 | +€12,550 | +2.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €278,518 | €278,518 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Tax-exempt reserves | 132 | €4,950 | €4,950 | = | 0.0% |
| Distributable reserves | 133 | €271,668 | €273,568 | +€1,900 | +0.7% |
| Profit (loss) carried forward | 14 | €337,819 | €350,369 | +€12,550 | +3.7% |
| Amounts payable | 17/49 | €332,100 | €256,623 | -€75,477 | -22.7% |
| Amounts payable within one year | 42/48 | €329,100 | €252,652 | -€76,448 | -23.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €150,726 | €102,519 | -€48,207 | -32.0% |
| Suppliers | 440/4 | €150,726 | €102,519 | -€48,207 | -32.0% |
| Taxes, remuneration and social security | 45 | €53,374 | €25,133 | -€28,241 | -52.9% |
| Taxes | 450/3 | €36,199 | €11,828 | -€24,371 | -67.3% |
| Remuneration and social security | 454/9 | €17,175 | €13,305 | -€3,870 | -22.5% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,970 | +€970 | +32.3% |
| Remuneration, social security and pensions | 62 | €94,288 | €96,628 | +€2,340 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,022 | €34,439 | +€16,417 | +91.1% |
| Other operating charges | 640/8 | €1,720 | €2,590 | +€871 | +50.6% |
| Gross operating margin | 9900 | €238,010 | €160,692 | -€77,318 | -32.5% |
| Operating profit (loss) | 9901 | €123,980 | €27,035 | -€96,945 | -78.2% |
| Financial income | 75/76B | €1,967 | €2,011 | +€44 | +2.2% |
| Recurring financial income | 75 | €1,967 | €2,011 | +€44 | +2.2% |
| Financial charges | 65/66B | €4,394 | €8,923 | +€4,529 | +103% |
| Recurring financial charges | 65 | €4,394 | €8,923 | +€4,529 | +103% |
| Profit (loss) for the period before taxes | 9903 | €121,552 | €20,123 | -€101,429 | -83.4% |
| Income taxes | 67/77 | €31,904 | €7,572 | -€24,332 | -76.3% |
| Profit (loss) for the period | 9904 | €89,648 | €12,550 | -€77,097 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,648 | €12,550 | -€77,097 | -86.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.