IMMO DE WAEL: 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 WAEL
Largest movements
- Cash -€121,161
down €121,161 (-38.0%), from €318,756 to €197,594
mainly Investment in fixed assets (net) (-€101,594) and Net result for the year (-€34,778)
- Intangible fixed assets +€101,594
up €101,594 (+61.8%), from €164,513 to €266,107
- Receivables within one year +€20,859
up €20,859 (+112%), from €18,707 to €39,566
- Profit (loss) carried forward -€34,778
down €34,778 (-89.1%), from -€39,023 to -€73,800
- Other debts +€31,439
up €31,439 (+6.2%), from €505,079 to €536,518
- Financial charges +€29,998
up €29,998 (+10,526%), from €285 to €30,283
- Gross operating margin -€2,259
down €2,259 (-173%), from -€1,303 to -€3,562
- Other operating charges +€310
up €310 (+157%), from €198 to €508
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 | €512,539 | €513,406 | +€866 | +0.2% |
| Fixed assets | 21/28 | €175,077 | €276,245 | +€101,168 | +57.8% |
| Intangible fixed assets | 21 | €164,513 | €266,107 | +€101,594 | +61.8% |
| Tangible fixed assets | 22/27 | €10,564 | €10,138 | -€425 | -4.0% |
| Land and buildings | 22 | €10,564 | €10,138 | -€425 | -4.0% |
| Current assets | 29/58 | €337,462 | €237,160 | -€100,302 | -29.7% |
| Amounts receivable within one year | 40/41 | €18,707 | €39,566 | +€20,859 | +112% |
| Other amounts receivable | 41 | €18,707 | €39,566 | +€20,859 | +112% |
| Cash at bank and in hand | 54/58 | €318,756 | €197,594 | -€121,161 | -38.0% |
| Total equity and liabilities | 10/49 | €512,539 | €513,406 | +€866 | +0.2% |
| Equity | 10/15 | -€20,423 | -€55,200 | -€34,778 | -170% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,023 | -€73,800 | -€34,778 | -89.1% |
| Amounts payable | 17/49 | €532,962 | €568,606 | +€35,644 | +6.7% |
| Amounts payable within one year | 42/48 | €532,962 | €568,606 | +€35,644 | +6.7% |
| Trade debts | 44 | €27,883 | €32,088 | +€4,205 | +15.1% |
| Suppliers | 440/4 | €27,883 | €32,088 | +€4,205 | +15.1% |
| Other amounts payable | 47/48 | €505,079 | €536,518 | +€31,439 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €425 | = | 0.0% |
| Other operating charges | 640/8 | €198 | €508 | +€310 | +157% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€1,303 | -€3,562 | -€2,259 | -173% |
| Operating profit (loss) | 9901 | -€1,926 | -€4,495 | -€2,569 | -133% |
| Financial charges | 65/66B | €285 | €30,283 | +€29,998 | +10,526% |
| Recurring financial charges | 65 | €285 | €30,283 | +€29,998 | +10,526% |
| Profit (loss) for the period before taxes | 9903 | -€2,211 | -€34,778 | -€32,567 | -1,473% |
| Profit (loss) for the period | 9904 | -€2,211 | -€34,778 | -€32,567 | -1,473% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,211 | -€34,778 | -€32,567 | -1,473% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.