IMMO CLAESSEN: what changed
Two fiscal 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 CLAESSEN
Largest movements
- Cash +€135,172
up €135,172 (+437.4%), from €30,901 to €166,073
mainly Provisions (+€225,700) and Net result for the year (+€104,415)
- Tangible fixed assets -€75,460
down €75,460 (-2.7%), from €2.8m to €2.8m
- Provisions +€225,700
new in 2025: €225,700
- Reserves -€153,412
down €153,412 (-7.0%), from €2.2m to €2.0m
of which Tax-exempt reserves: -€257,827
- Gross operating margin +€9,328
up €9,328 (+4.2%), from €223,533 to €232,861
- Taxes +€2,828
up €2,828 (+6.2%), from €45,900 to €48,727
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 | €2,862,588 | €2,922,300 | +€59,712 | +2.1% |
| Fixed assets | 21/28 | €2,831,687 | €2,756,227 | -€75,460 | -2.7% |
| Tangible fixed assets | 22/27 | €2,831,687 | €2,756,227 | -€75,460 | -2.7% |
| Land and buildings | 22 | €2,831,687 | €2,756,227 | -€75,460 | -2.7% |
| Current assets | 29/58 | €30,901 | €166,073 | +€135,172 | +437.4% |
| Cash at bank and in hand | 54/58 | €30,901 | €166,073 | +€135,172 | +437.4% |
| Total equity and liabilities | 10/49 | €2,862,588 | €2,922,300 | +€59,712 | +2.1% |
| Equity | 10/15 | €2,214,766 | €2,061,354 | -€153,412 | -6.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | €25,000 | - | -€25,000 | |
| Other | 1109/19 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €2,189,766 | €2,036,354 | -€153,412 | -7.0% |
| Tax-exempt reserves | 132 | €934,928 | €677,101 | -€257,827 | -27.6% |
| Distributable reserves | 133 | €1,254,838 | €1,359,253 | +€104,415 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €225,700 | +€225,700 | |
| Deferred taxes | 168 | - | €225,700 | +€225,700 | |
| Amounts payable | 17/49 | €647,821 | €635,245 | -€12,576 | -1.9% |
| Amounts payable after more than one year | 17 | €84,904 | €60,054 | -€24,850 | -29.3% |
| Financial debts | 170/4 | €84,904 | €60,054 | -€24,850 | -29.3% |
| Amounts payable within one year | 42/48 | €562,917 | €575,191 | +€12,274 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €24,850 | €24,850 | = | 0.0% |
| Trade debts | 44 | €2,259 | €11,706 | +€9,446 | +418.1% |
| Suppliers | 440/4 | €2,259 | €11,706 | +€9,446 | +418.1% |
| Taxes, remuneration and social security | 45 | €10,900 | €13,727 | +€2,828 | +25.9% |
| Taxes | 450/3 | €10,900 | €13,727 | +€2,828 | +25.9% |
| Other amounts payable | 47/48 | €524,908 | €524,908 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,460 | €75,460 | = | 0.0% |
| Other operating charges | 640/8 | €33,671 | €34,525 | +€854 | +2.5% |
| Gross operating margin | 9900 | €223,533 | €232,861 | +€9,328 | +4.2% |
| Operating profit (loss) | 9901 | €114,402 | €122,876 | +€8,474 | +7.4% |
| Financial income | 75/76B | €6 | €14 | +€8 | +151.6% |
| Recurring financial income | 75 | €6 | €14 | +€8 | +151.6% |
| Financial charges | 65/66B | €2,279 | €1,875 | -€404 | -17.7% |
| Recurring financial charges | 65 | €2,279 | €1,875 | -€404 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €112,129 | €121,015 | +€8,886 | +7.9% |
| Transfer from deferred taxes | 780 | €32,127 | €32,127 | = | 0.0% |
| Income taxes | 67/77 | €45,900 | €48,727 | +€2,828 | +6.2% |
| Profit (loss) for the period | 9904 | €98,356 | €104,415 | +€6,059 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,356 | €104,415 | +€6,059 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.