IMMO CIRCUS WALLONIE: what changed
What changed
IMMO CIRCUS WALLONIE
NACE 92.000, Gambling and betting activities
filed annual accounts (NBB)
Net result for the year
-€111,243
2024 · -€247,783+€136,540
Equity
€6.9m
2024 · €1.2m+€5.7m
Cash
€81,088
2024 · €30,565+€50,523
Balance sheet total
€12.9m
2024 · €11.5m+€1.4m
Largest movements
Assets
- Financial fixed assets +€1.0m
up €1.0m (+45.7%), from €2.2m to €3.3m
- Tangible fixed assets +€233,669
up €233,669 (+2.6%), from €9.0m to €9.2m
of which Assets under construction and advance payments: +€758,475
Equity and liabilities
- Contributions +€5.5m
up €5.5m (+545%), from €1.0m to €6.5m
- Other debts -€4.2m
down €4.2m (-100.0%), from €4.2m to €310
- Debts after one year -€700,196
down €700,196 (-14.8%), from €4.7m to €4.0m
- Short-term financial debts +€529,712
up €529,712 (+219%), from €241,668 to €771,381
- Profit (loss) carried forward +€317,925
up €317,925 (+97.0%), from -€327,692 to -€9,767
Income statement
- Financial charges -€56,883
down €56,883 (-12.7%), from €448,488 to €391,604
- Other operating charges -€53,205
down €53,205 (-20.3%), from €262,405 to €209,199
- Gross operating margin -€30,362
down €30,362 (-2.8%), from €1.1m to €1.1m
- Write-downs -€23,342
down €23,342 (-68.1%), from €34,292 to €10,950
- Depreciation -€21,011
down €21,011 (-3.6%), from €582,869 to €561,859
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.
Result 2024
-€247,783
Gross operating margin
-€30,362
Depreciation
+€21,011
Write-downs
+€23,342
Other operating charges
+€53,205
Financial income
-€89
Financial charges
+€56,883
Taxes
+€12,550
Result 2025
-€111,243
raises the resultlowers the result
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.
From operations
-€3.7m
Investment
-€1.8m
Financing
+€5.5m
Cash 2024
€30,565
From operations (derived)
-€3.7m
Net result for the year
-€111,243
Depreciation
+€561,859
Receivables within one year
-€77,211
Smaller working-capital items
-€3,677
Trade debts
+€111,118
Other debts
-€4.2m
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€5.5m
Debts after one year
-€700,196
Current portion of long-term debt
-€72,000
Short-term financial debts
+€529,712
Contributions, distributions and other
+€5.8m
Cash 2025
€81,088
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,471,223 | €12,866,202 | +€1.4m | +12.2% |
| Fixed assets | 21/28 | €11,215,997 | €12,475,202 | +€1.3m | +11.2% |
| Tangible fixed assets | 22/27 | €8,972,849 | €9,206,518 | +€233,669 | +2.6% |
| Land and buildings | 22 | €8,676,207 | €8,136,750 | -€539,458 | -6.2% |
| Plant, machinery and equipment | 23 | €121,870 | €140,410 | +€18,540 | +15.2% |
| Other tangible fixed assets | 26 | €5,832 | €1,944 | -€3,888 | -66.7% |
| Assets under construction and advance payments | 27 | €168,940 | €927,415 | +€758,475 | +449% |
| Financial fixed assets | 28 | €2,243,147 | €3,268,683 | +€1.0m | +45.7% |
| Current assets | 29/58 | €255,226 | €391,001 | +€135,774 | +53.2% |
| Amounts receivable within one year | 40/41 | €219,927 | €297,138 | +€77,211 | +35.1% |
| Trade receivables | 40 | €202,304 | €215,188 | +€12,884 | +6.4% |
| Other amounts receivable | 41 | €17,623 | €81,950 | +€64,327 | +365% |
| Cash at bank and in hand | 54/58 | €30,565 | €81,088 | +€50,523 | +165% |
| Deferred charges and accrued income | 490/1 | €4,735 | €12,775 | +€8,040 | +170% |
| Total equity and liabilities | 10/49 | €11,471,223 | €12,866,202 | +€1.4m | +12.2% |
| Equity | 10/15 | €1,216,171 | €6,894,927 | +€5.7m | +467% |
| Contributions | 10/11 | €1,000,000 | €6,450,000 | +€5.5m | +545% |
| Capital | 10 | €1,000,000 | €6,450,000 | +€5.5m | +545% |
| Issued capital | 100 | €1,000,000 | €6,450,000 | +€5.5m | +545% |
| Reserves | 13 | €543,862 | €454,695 | -€89,168 | -16.4% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €523,862 | €434,695 | -€89,168 | -17.0% |
| Profit (loss) carried forward | 14 | -€327,692 | -€9,767 | +€317,925 | +97.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €10,255,052 | €5,971,275 | -€4.3m | -41.8% |
| Amounts payable after more than one year | 17 | €4,725,980 | €4,025,784 | -€700,196 | -14.8% |
| Financial debts | 170/4 | €4,725,980 | €4,025,784 | -€700,196 | -14.8% |
| Amounts payable within one year | 42/48 | €5,303,142 | €1,715,197 | -€3.6m | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €772,196 | €700,196 | -€72,000 | -9.3% |
| Financial debts | 43 | €241,668 | €771,381 | +€529,712 | +219% |
| Credit institutions | 430/8 | €241,668 | €771,381 | +€529,712 | +219% |
| Trade debts | 44 | €132,193 | €243,311 | +€111,118 | +84.1% |
| Suppliers | 440/4 | €132,193 | €243,311 | +€111,118 | +84.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,157,085 | €310 | -€4.2m | -100.0% |
| Accrued charges and deferred income | 492/3 | €225,931 | €230,294 | +€4,363 | +1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582,869 | €561,859 | -€21,011 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,292 | €10,950 | -€23,342 | -68.1% |
| Other operating charges | 640/8 | €262,405 | €209,199 | -€53,205 | -20.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,092,721 | €1,062,358 | -€30,362 | -2.8% |
| Operating profit (loss) | 9901 | €213,154 | €280,350 | +€67,196 | +31.5% |
| Financial income | 75/76B | €100 | €11 | -€89 | -89.2% |
| Recurring financial income | 75 | €100 | €11 | -€89 | -89.2% |
| Financial charges | 65/66B | €448,488 | €391,604 | -€56,883 | -12.7% |
| Recurring financial charges | 65 | €448,488 | €391,604 | -€56,883 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€235,233 | -€111,243 | +€123,990 | +52.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €12,550 | €0 | -€12,550 | -100% |
| Profit (loss) for the period | 9904 | -€247,783 | -€111,243 | +€136,540 | +55.1% |
| Transfer from tax-exempt reserves | 789 | €89,168 | €89,168 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€158,615 | -€22,075 | +€136,540 | +86.1% |
Next steps
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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.