IMMO DE BUERSTEDE: 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 BUERSTEDE
Largest movements
- Tangible fixed assets +€600,281
up €600,281 (+142%), from €423,607 to €1.0m
of which Assets under construction and advance payments: +€629,027
- Receivables within one year -€48,812
down €48,812 (-6.1%), from €797,105 to €748,294
of which Other amounts receivable: -€88,696
- Trade debts +€591,176
up €591,176 (+3,034%), from €19,483 to €610,659
- Profit (loss) carried forward +€390,825
up €390,825 (+71.4%), from -€547,233 to -€156,408
- Reserves -€372,803
down €372,803 (-47.3%), from €787,758 to €414,955
of which Tax-exempt reserves: -€372,803
- Provisions -€149,822
down €149,822 (-54.3%), from €275,911 to €126,089
- Tax, wage and social debts +€96,685
new in 2025: €96,685
- Taxes +€96,685
new in 2025: €96,685
- Gross operating margin +€32,103
up €32,103, from -€19,677 to €12,426
- Financial charges -€16,379
down €16,379 (-48.4%), from €33,864 to €17,485
- Other operating charges -€2,103
down €2,103 (-28.3%), from €7,424 to €5,321
- Depreciation +€928
up €928 (+3.3%), from €27,818 to €28,746
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 | €2,137,973 | €2,699,541 | +€561,569 | +26.3% |
| Fixed assets | 21/28 | €1,158,843 | €1,780,121 | +€621,278 | +53.6% |
| Tangible fixed assets | 22/27 | €423,607 | €1,023,888 | +€600,281 | +142% |
| Land and buildings | 22 | €388,878 | €360,132 | -€28,746 | -7.4% |
| Assets under construction and advance payments | 27 | €34,728 | €663,756 | +€629,027 | +1,811% |
| Financial fixed assets | 28 | €735,237 | €756,233 | +€20,997 | +2.9% |
| Current assets | 29/58 | €979,129 | €919,420 | -€59,709 | -6.1% |
| Amounts receivable after more than one year | 29 | €155,578 | €141,441 | -€14,137 | -9.1% |
| Other amounts receivable | 291 | €155,578 | €141,441 | -€14,137 | -9.1% |
| Amounts receivable within one year | 40/41 | €797,105 | €748,294 | -€48,812 | -6.1% |
| Trade receivables | 40 | €34,338 | €74,222 | +€39,884 | +116% |
| Other amounts receivable | 41 | €762,767 | €674,071 | -€88,696 | -11.6% |
| Cash at bank and in hand | 54/58 | €18,606 | €638 | -€17,969 | -96.6% |
| Deferred charges and accrued income | 490/1 | €7,840 | €29,048 | +€21,208 | +271% |
| Total equity and liabilities | 10/49 | €2,137,973 | €2,699,541 | +€561,569 | +26.3% |
| Equity | 10/15 | €1,017,424 | €1,035,447 | +€18,023 | +1.8% |
| Contributions | 10/11 | €776,900 | €776,900 | = | 0.0% |
| Reserves | 13 | €787,758 | €414,955 | -€372,803 | -47.3% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €751,070 | €378,267 | -€372,803 | -49.6% |
| Distributable reserves | 133 | €34,705 | €34,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€547,233 | -€156,408 | +€390,825 | +71.4% |
| Provisions and deferred taxes | 16 | €275,911 | €126,089 | -€149,822 | -54.3% |
| Deferred taxes | 168 | €275,911 | €126,089 | -€149,822 | -54.3% |
| Amounts payable | 17/49 | €844,638 | €1,538,005 | +€693,368 | +82.1% |
| Amounts payable within one year | 42/48 | €819,038 | €1,538,005 | +€718,967 | +87.8% |
| Trade debts | 44 | €19,483 | €610,659 | +€591,176 | +3,034% |
| Suppliers | 440/4 | €19,483 | €610,659 | +€591,176 | +3,034% |
| Taxes, remuneration and social security | 45 | - | €96,685 | +€96,685 | |
| Taxes | 450/3 | - | €96,685 | +€96,685 | |
| Other amounts payable | 47/48 | €799,555 | €830,661 | +€31,106 | +3.9% |
| Accrued charges and deferred income | 492/3 | €25,599 | - | -€25,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,818 | €28,746 | +€928 | +3.3% |
| Other operating charges | 640/8 | €7,424 | €5,321 | -€2,103 | -28.3% |
| Gross operating margin | 9900 | -€19,677 | €12,426 | +€32,103 | |
| Operating profit (loss) | 9901 | -€54,919 | -€21,642 | +€33,278 | +60.6% |
| Financial income | 75/76B | €4,282 | €4,012 | -€270 | -6.3% |
| Recurring financial income | 75 | €4,282 | €4,012 | -€270 | -6.3% |
| Financial charges | 65/66B | €33,864 | €17,485 | -€16,379 | -48.4% |
| Recurring financial charges | 65 | €33,864 | €17,485 | -€16,379 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€84,500 | -€35,114 | +€49,386 | +58.4% |
| Transfer from deferred taxes | 780 | - | €149,822 | +€149,822 | |
| Income taxes | 67/77 | - | €96,685 | +€96,685 | |
| Profit (loss) for the period | 9904 | -€84,500 | €18,023 | +€102,523 | |
| Transfer from tax-exempt reserves | 789 | - | €372,803 | +€372,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,500 | €390,825 | +€475,326 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.