IMMO DE LA BLANCHE: what changed
What changed
IMMO DE LA BLANCHE
filed annual accounts (NBB)
Net result for the year
-€42,391
2024 · -€29,109-€13,282
Equity
€690,309
2024 · €732,700-€42,391
Cash
€2,899
2024 · €32,381-€29,482
Balance sheet total
€1.9m
2024 · €2.0m-€97,092
Largest movements
Assets
- Tangible fixed assets -€66,845
down €66,845 (-3.5%), from €1.9m to €1.8m
of which Land and buildings: -€59,716
- Cash -€29,482
down €29,482 (-91.0%), from €32,381 to €2,899
mainly Debts after one year (-€45,105) and Net result for the year (-€42,391)
Equity and liabilities
- Debts after one year -€45,105
down €45,105 (-7.3%), from €614,475 to €569,371
- Reserves -€38,674
down €38,674 (-33.0%), from €117,146 to €78,473
of which Distributable reserves: -€33,376
Income statement
- Gross operating margin -€12,745
down €12,745 (-10.1%), from €125,746 to €113,001
- Other operating charges +€2,357
up €2,357 (+7.8%), from €30,156 to €32,513
- Financial charges -€1,451
down €1,451 (-8.0%), from €18,160 to €16,709
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€29,109
Gross operating margin
-€12,745
Depreciation
+€1,021
Other operating charges
-€2,357
Financial income
+€0
Financial charges
+€1,451
Taxes
-€67
Deferred taxes and other
-€584
Result 2025
-€42,391
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€70,032
Investment
-€40,938
Financing
-€58,576
Cash 2024
€32,381
From operations (derived)
+€70,032
Net result for the year
-€42,391
Depreciation
+€107,783
Receivables within one year
+€13,306
Deferred charges and accrued income
-€12,540
Provisions
-€1,789
Trade debts
+€3,768
Smaller working-capital items
+€297
Other debts
+€1,600
Investment (derived)
-€40,938
Investment in fixed assets (net)
-€40,938
Financing
-€58,576
Debts after one year
-€45,105
Current portion of long-term debt
-€13,471
Cash 2025
€2,899
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,998,308 | €1,901,215 | -€97,092 | -4.9% |
| Fixed assets | 21/28 | €1,891,783 | €1,824,938 | -€66,845 | -3.5% |
| Tangible fixed assets | 22/27 | €1,891,283 | €1,824,438 | -€66,845 | -3.5% |
| Land and buildings | 22 | €1,879,869 | €1,820,152 | -€59,716 | -3.2% |
| Plant, machinery and equipment | 23 | €3,736 | €2,174 | -€1,562 | -41.8% |
| Furniture and vehicles | 24 | €7,678 | €2,112 | -€5,566 | -72.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €106,524 | €76,277 | -€30,247 | -28.4% |
| Amounts receivable within one year | 40/41 | €73,000 | €59,694 | -€13,306 | -18.2% |
| Other amounts receivable | 41 | €73,000 | €59,694 | -€13,306 | -18.2% |
| Cash at bank and in hand | 54/58 | €32,381 | €2,899 | -€29,482 | -91.0% |
| Deferred charges and accrued income | 490/1 | €1,144 | €13,684 | +€12,540 | +1,097% |
| Total equity and liabilities | 10/49 | €1,998,308 | €1,901,215 | -€97,092 | -4.9% |
| Equity | 10/15 | €732,700 | €690,309 | -€42,391 | -5.8% |
| Contributions | 10/11 | €611,836 | €611,836 | = | 0.0% |
| Reserves | 13 | €117,146 | €78,473 | -€38,674 | -33.0% |
| Tax-exempt reserves | 132 | €64,773 | €59,476 | -€5,297 | -8.2% |
| Distributable reserves | 133 | €52,373 | €18,997 | -€33,376 | -63.7% |
| Profit (loss) carried forward | 14 | €3,717 | - | -€3,717 | |
| Provisions and deferred taxes | 16 | €16,351 | €14,561 | -€1,789 | -10.9% |
| Deferred taxes | 168 | €16,351 | €14,561 | -€1,789 | -10.9% |
| Amounts payable | 17/49 | €1,249,257 | €1,196,346 | -€52,912 | -4.2% |
| Amounts payable after more than one year | 17 | €614,475 | €569,371 | -€45,105 | -7.3% |
| Financial debts | 170/4 | €614,475 | €569,371 | -€45,105 | -7.3% |
| Amounts payable within one year | 42/48 | €634,782 | €626,975 | -€7,807 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €58,576 | €45,105 | -€13,471 | -23.0% |
| Trade debts | 44 | €9,511 | €13,279 | +€3,768 | +39.6% |
| Suppliers | 440/4 | €9,511 | €13,279 | +€3,768 | +39.6% |
| Advances received on contracts in progress | 46 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €167 | €344 | +€177 | +106% |
| Taxes | 450/3 | €167 | €344 | +€177 | +106% |
| Other amounts payable | 47/48 | €566,528 | €568,128 | +€1,600 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,804 | €107,783 | -€1,021 | -0.9% |
| Other operating charges | 640/8 | €30,156 | €32,513 | +€2,357 | +7.8% |
| Gross operating margin | 9900 | €125,746 | €113,001 | -€12,745 | -10.1% |
| Operating profit (loss) | 9901 | -€13,213 | -€27,295 | -€14,082 | -107% |
| Financial income | 75/76B | €1 | €1 | +€0 | +18.3% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +18.3% |
| Financial charges | 65/66B | €18,160 | €16,709 | -€1,451 | -8.0% |
| Recurring financial charges | 65 | €18,160 | €16,709 | -€1,451 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,373 | -€44,004 | -€12,631 | -40.3% |
| Transfer from deferred taxes | 780 | €2,373 | €1,789 | -€584 | -24.6% |
| Income taxes | 67/77 | €109 | €177 | +€67 | +61.6% |
| Profit (loss) for the period | 9904 | -€29,109 | -€42,391 | -€13,282 | -45.6% |
| Transfer from tax-exempt reserves | 789 | €7,025 | €5,297 | -€1,728 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,084 | -€37,094 | -€15,010 | -68.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.