Immo de Bogaard: 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 Bogaard
Largest movements
- Tangible fixed assets -€117,992
down €117,992 (-3.0%), from €3.9m to €3.8m
of which Land and buildings: -€131,199
- Debts after one year -€140,000
down €140,000 (-9.8%), from €1.4m to €1.3m
- Accrued charges and deferred income -€60,092
down €60,092 (-83.7%), from €71,753 to €11,661
- Other debts +€42,291
up €42,291 (+2.0%), from €2.1m to €2.2m
- Financial charges -€38,471
down €38,471 (-31.8%), from €120,864 to €82,393
- Gross operating margin +€26,665
up €26,665 (+11.0%), from €241,544 to €268,208
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.
Derived cash bridge
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 | €3,983,308 | €3,850,637 | -€132,672 | -3.3% |
| Fixed assets | 21/28 | €3,946,592 | €3,828,600 | -€117,992 | -3.0% |
| Tangible fixed assets | 22/27 | €3,946,592 | €3,828,600 | -€117,992 | -3.0% |
| Land and buildings | 22 | €3,942,888 | €3,811,689 | -€131,199 | -3.3% |
| Furniture and vehicles | 24 | €3,704 | €16,911 | +€13,206 | +357% |
| Current assets | 29/58 | €36,716 | €22,037 | -€14,679 | -40.0% |
| Amounts receivable within one year | 40/41 | €5,770 | €4,999 | -€771 | -13.4% |
| Trade receivables | 40 | €5,770 | €4,999 | -€771 | -13.4% |
| Cash at bank and in hand | 54/58 | €25,464 | €11,572 | -€13,892 | -54.6% |
| Deferred charges and accrued income | 490/1 | €5,482 | €5,466 | -€17 | -0.3% |
| Total equity and liabilities | 10/49 | €3,983,308 | €3,850,637 | -€132,672 | -3.3% |
| Equity | 10/15 | €210,406 | €230,857 | +€20,451 | +9.7% |
| Contributions | 10/11 | €568,600 | €568,600 | = | 0.0% |
| Reserves | 13 | €24,540 | €24,540 | = | 0.0% |
| Distributable reserves | 133 | €24,540 | €24,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€382,734 | -€362,283 | +€20,451 | +5.3% |
| Amounts payable | 17/49 | €3,772,903 | €3,619,780 | -€153,123 | -4.1% |
| Amounts payable after more than one year | 17 | €1,435,000 | €1,295,000 | -€140,000 | -9.8% |
| Financial debts | 170/4 | €1,435,000 | €1,295,000 | -€140,000 | -9.8% |
| Amounts payable within one year | 42/48 | €2,266,150 | €2,313,119 | +€46,969 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €11,081 | €15,759 | +€4,678 | +42.2% |
| Suppliers | 440/4 | €11,081 | €15,759 | +€4,678 | +42.2% |
| Other amounts payable | 47/48 | €2,115,069 | €2,157,360 | +€42,291 | +2.0% |
| Accrued charges and deferred income | 492/3 | €71,753 | €11,661 | -€60,092 | -83.7% |
| Non-recurring operating income | 76A | €18,028 | €16,030 | -€1,999 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,162 | €145,993 | -€2,168 | -1.5% |
| Other operating charges | 640/8 | €18,608 | €19,371 | +€763 | +4.1% |
| Gross operating margin | 9900 | €241,544 | €268,208 | +€26,665 | +11.0% |
| Operating profit (loss) | 9901 | €74,774 | €102,844 | +€28,070 | +37.5% |
| Financial charges | 65/66B | €120,864 | €82,393 | -€38,471 | -31.8% |
| Recurring financial charges | 65 | €120,864 | €82,393 | -€38,471 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€46,090 | €20,451 | +€66,541 | |
| Profit (loss) for the period | 9904 | -€46,090 | €20,451 | +€66,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,090 | €20,451 | +€66,541 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.