IMMO CHALLENGE: 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 CHALLENGE
Largest movements
- Receivables within one year -€4,945
down €4,945 (-76.4%), from €6,468 to €1,523
of which Other amounts receivable: -€6,165
- Tangible fixed assets -€561
down €561 (-48.4%), from €1,158 to €597
of which Other tangible fixed assets: -€378
- Deferred charges and accrued income -€139
no longer reported in 2024 (was €139)
- Other debts +€20,951
up €20,951 (+47.1%), from €44,482 to €65,433
- Tax, wage and social debts -€18,622
down €18,622 (-99.8%), from €18,664 to €42
- Reserves -€4,875
no longer reported in 2024 (was €4,875)
- Trade debts -€2,181
down €2,181 (-68.4%), from €3,190 to €1,009
- Profit (loss) carried forward -€602
down €602 (-0.8%), from -€71,783 to -€72,385
- Gross operating margin -€30,455
down €30,455, from €26,595 to -€3,860
- Taxes -€8,828
down €8,828 (-99.5%), from €8,870 to €42
- Staff costs -€3,844
no longer reported in 2024 (was €3,844)
- Financial charges +€396
up €396 (+171.5%), from €231 to €627
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 | €7,773 | €2,159 | -€5,614 | -72.2% |
| Fixed assets | 21/28 | €1,158 | €597 | -€561 | -48.4% |
| Tangible fixed assets | 22/27 | €1,158 | €597 | -€561 | -48.4% |
| Plant, machinery and equipment | 23 | €183 | - | -€183 | |
| Other tangible fixed assets | 26 | €975 | €597 | -€378 | -38.7% |
| Current assets | 29/58 | €6,615 | €1,562 | -€5,053 | -76.4% |
| Amounts receivable within one year | 40/41 | €6,468 | €1,523 | -€4,945 | -76.4% |
| Trade receivables | 40 | - | €1,221 | +€1,221 | |
| Other amounts receivable | 41 | €6,468 | €303 | -€6,165 | -95.3% |
| Cash at bank and in hand | 54/58 | €8 | €39 | +€31 | +383.8% |
| Deferred charges and accrued income | 490/1 | €139 | - | -€139 | |
| Total equity and liabilities | 10/49 | €7,773 | €2,159 | -€5,614 | -72.2% |
| Equity | 10/15 | -€58,848 | -€64,325 | -€5,477 | -9.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €4,875 | - | -€4,875 | |
| Tax-exempt reserves | 132 | €4,875 | - | -€4,875 | |
| Profit (loss) carried forward | 14 | -€71,783 | -€72,385 | -€602 | -0.8% |
| Amounts payable | 17/49 | €66,621 | €66,484 | -€137 | -0.2% |
| Amounts payable within one year | 42/48 | €66,621 | €66,484 | -€137 | -0.2% |
| Financial debts | 43 | €285 | - | -€285 | |
| Credit institutions | 430/8 | €285 | - | -€285 | |
| Trade debts | 44 | €3,190 | €1,009 | -€2,181 | -68.4% |
| Suppliers | 440/4 | €3,190 | €1,009 | -€2,181 | -68.4% |
| Taxes, remuneration and social security | 45 | €18,664 | €42 | -€18,622 | -99.8% |
| Taxes | 450/3 | €18,664 | €42 | -€18,622 | -99.8% |
| Other amounts payable | 47/48 | €44,482 | €65,433 | +€20,951 | +47.1% |
| Remuneration, social security and pensions | 62 | €3,844 | - | -€3,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €560 | -€184 | -24.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.9% |
| Gross operating margin | 9900 | €26,595 | -€3,860 | -€30,455 | |
| Operating profit (loss) | 9901 | €21,623 | -€4,808 | -€26,431 | |
| Financial income | 75/76B | €153 | - | -€153 | |
| Recurring financial income | 75 | €153 | - | -€153 | |
| Financial charges | 65/66B | €231 | €627 | +€396 | +171.5% |
| Recurring financial charges | 65 | €231 | €627 | +€396 | +171.5% |
| Profit (loss) for the period before taxes | 9903 | €21,545 | -€5,435 | -€26,980 | |
| Income taxes | 67/77 | €8,870 | €42 | -€8,828 | -99.5% |
| Profit (loss) for the period | 9904 | €12,675 | -€5,477 | -€18,152 | |
| Transfer from tax-exempt reserves | 789 | - | €4,875 | +€4,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,675 | -€602 | -€13,277 |
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 12 October 2026 via checked.be.