IMMO DE BAERE: 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 DE BAERE
Largest movements
- Tangible fixed assets -€98,564
down €98,564 (-7.5%), from €1.3m to €1.2m
of which Land and buildings: -€92,754
- Cash +€31,509
up €31,509 (+895%), from €3,522 to €35,031
mainly Depreciation (+€98,564) and Other debts (+€90,969)
- Receivables within one year -€19,171
down €19,171 (-47.3%), from €40,560 to €21,389
- Debts after one year -€99,149
down €99,149 (-12.2%), from €815,460 to €716,311
- Other debts +€90,969
up €90,969 (+66.7%), from €136,455 to €227,424
- Reserves -€86,580
down €86,580 (-31.6%), from €273,955 to €187,375
- Gross operating margin +€18,225
up €18,225 (+12.8%), from €142,409 to €160,634
- Financial charges -€7,831
down €7,831 (-31.6%), from €24,793 to €16,962
- Depreciation -€5,657
down €5,657 (-5.4%), from €104,221 to €98,564
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,350,861 | €1,264,635 | -€86,226 | -6.4% |
| Fixed assets | 21/28 | €1,306,779 | €1,208,215 | -€98,564 | -7.5% |
| Tangible fixed assets | 22/27 | €1,305,579 | €1,207,015 | -€98,564 | -7.5% |
| Land and buildings | 22 | €1,289,601 | €1,196,847 | -€92,754 | -7.2% |
| Plant, machinery and equipment | 23 | €15,978 | €10,168 | -€5,810 | -36.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €44,082 | €56,420 | +€12,338 | +28.0% |
| Amounts receivable within one year | 40/41 | €40,560 | €21,389 | -€19,171 | -47.3% |
| Trade receivables | 40 | €40,560 | €21,389 | -€19,171 | -47.3% |
| Cash at bank and in hand | 54/58 | €3,522 | €35,031 | +€31,509 | +895% |
| Total equity and liabilities | 10/49 | €1,350,861 | €1,264,635 | -€86,226 | -6.4% |
| Equity | 10/15 | €289,096 | €202,516 | -€86,580 | -29.9% |
| Contributions | 10/11 | €15,141 | €15,141 | = | 0.0% |
| Contributions outside capital | 11 | €15,141 | €15,141 | = | 0.0% |
| Share premium | 1100/10 | €15,141 | €15,141 | = | 0.0% |
| Reserves | 13 | €273,955 | €187,375 | -€86,580 | -31.6% |
| Distributable reserves | 133 | €273,955 | €187,375 | -€86,580 | -31.6% |
| Amounts payable | 17/49 | €1,061,765 | €1,062,119 | +€354 | 0.0% |
| Amounts payable after more than one year | 17 | €815,460 | €716,311 | -€99,149 | -12.2% |
| Financial debts | 170/4 | €815,460 | €716,311 | -€99,149 | -12.2% |
| Amounts payable within one year | 42/48 | €246,305 | €345,808 | +€99,503 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €97,417 | €99,149 | +€1,732 | +1.8% |
| Trade debts | 44 | €36 | €11,874 | +€11,838 | +32,883% |
| Suppliers | 440/4 | €36 | €11,874 | +€11,838 | +32,883% |
| Taxes, remuneration and social security | 45 | €12,397 | €7,361 | -€5,036 | -40.6% |
| Taxes | 450/3 | €12,397 | €7,361 | -€5,036 | -40.6% |
| Other amounts payable | 47/48 | €136,455 | €227,424 | +€90,969 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,221 | €98,564 | -€5,657 | -5.4% |
| Other operating charges | 640/8 | €12,607 | €13,663 | +€1,056 | +8.4% |
| Gross operating margin | 9900 | €142,409 | €160,634 | +€18,225 | +12.8% |
| Operating profit (loss) | 9901 | €25,581 | €48,407 | +€22,826 | +89.2% |
| Financial charges | 65/66B | €24,793 | €16,962 | -€7,831 | -31.6% |
| Recurring financial charges | 65 | €24,793 | €16,962 | -€7,831 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €788 | €31,445 | +€30,657 | +3,890% |
| Profit (loss) for the period | 9904 | €788 | €31,445 | +€30,657 | +3,890% |
| Profit (loss) for the period to be appropriated | 9905 | €788 | €31,445 | +€30,657 | +3,890% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.