IMMO DE CONINCK: 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 CONINCK
Largest movements
- Tangible fixed assets -€104,190
down €104,190 (-7.5%), from €1.4m to €1.3m
of which Land and buildings: -€103,997
- Cash +€29,303
up €29,303 (+385%), from €7,607 to €36,910
mainly Investment in fixed assets (net) (+€61,976) and Depreciation (+€42,214)
- Profit (loss) carried forward -€58,066
down €58,066 (-96.2%), from -€60,386 to -€118,452
- Debts after one year -€42,281
down €42,281 (-4.8%), from €889,062 to €846,781
of which Financial debts: -€42,281
- Accrued charges and deferred income +€27,732
up €27,732 (+64.7%), from €42,862 to €70,594
- Depreciation -€11,994
down €11,994 (-22.1%), from €54,209 to €42,214
- Other operating charges +€8,181
up €8,181 (+117%), from €6,965 to €15,145
- Financial charges +€4,771
up €4,771 (+13.7%), from €34,949 to €39,720
- Gross operating margin -€2,289
down €2,289 (-5.5%), from €41,548 to €39,259
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 | €1,396,208 | €1,324,298 | -€71,910 | -5.2% |
| Fixed assets | 21/28 | €1,385,483 | €1,281,293 | -€104,190 | -7.5% |
| Tangible fixed assets | 22/27 | €1,385,483 | €1,281,293 | -€104,190 | -7.5% |
| Land and buildings | 22 | €1,381,129 | €1,277,133 | -€103,997 | -7.5% |
| Furniture and vehicles | 24 | €4,354 | €4,161 | -€193 | -4.4% |
| Current assets | 29/58 | €10,725 | €43,005 | +€32,279 | +301% |
| Amounts receivable within one year | 40/41 | - | €2,782 | +€2,782 | |
| Trade receivables | 40 | - | €165 | +€165 | |
| Other amounts receivable | 41 | - | €2,617 | +€2,617 | |
| Cash at bank and in hand | 54/58 | €7,607 | €36,910 | +€29,303 | +385% |
| Deferred charges and accrued income | 490/1 | €3,119 | €3,313 | +€194 | +6.2% |
| Total equity and liabilities | 10/49 | €1,396,208 | €1,324,298 | -€71,910 | -5.2% |
| Equity | 10/15 | €351,538 | €293,473 | -€58,066 | -16.5% |
| Contributions | 10/11 | €358,592 | €358,592 | = | 0.0% |
| Reserves | 13 | €53,332 | €53,332 | = | 0.0% |
| Distributable reserves | 133 | €53,332 | €53,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,386 | -€118,452 | -€58,066 | -96.2% |
| Amounts payable | 17/49 | €1,044,670 | €1,030,826 | -€13,845 | -1.3% |
| Amounts payable after more than one year | 17 | €889,062 | €846,781 | -€42,281 | -4.8% |
| Financial debts | 170/4 | €569,312 | €527,031 | -€42,281 | -7.4% |
| Other amounts payable | 178/9 | €319,750 | €319,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,746 | €113,451 | +€705 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €41,390 | €42,281 | +€891 | +2.2% |
| Trade debts | 44 | €6,158 | €810 | -€5,348 | -86.8% |
| Suppliers | 440/4 | €6,158 | €810 | -€5,348 | -86.8% |
| Taxes, remuneration and social security | 45 | €33 | €300 | +€267 | +817% |
| Taxes | 450/3 | €33 | €300 | +€267 | +817% |
| Other amounts payable | 47/48 | €65,166 | €70,060 | +€4,894 | +7.5% |
| Accrued charges and deferred income | 492/3 | €42,862 | €70,594 | +€27,732 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,209 | €42,214 | -€11,994 | -22.1% |
| Other operating charges | 640/8 | €6,965 | €15,145 | +€8,181 | +117% |
| Gross operating margin | 9900 | €41,548 | €39,259 | -€2,289 | -5.5% |
| Operating profit (loss) | 9901 | -€19,625 | -€18,101 | +€1,525 | +7.8% |
| Financial income | 75/76B | €107 | €67 | -€40 | -37.2% |
| Recurring financial income | 75 | €107 | €67 | -€40 | -37.2% |
| Financial charges | 65/66B | €34,949 | €39,720 | +€4,771 | +13.7% |
| Recurring financial charges | 65 | €34,949 | €39,720 | +€4,771 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,467 | -€57,753 | -€3,287 | -6.0% |
| Income taxes | 67/77 | €342 | €313 | -€30 | -8.7% |
| Profit (loss) for the period | 9904 | -€54,809 | -€58,066 | -€3,257 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,809 | -€58,066 | -€3,257 | -5.9% |
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 19 October 2026 via checked.be.