IMMO DE WEVER: 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 WEVER
Largest movements
- Tangible fixed assets +€870,678
up €870,678 (+46.3%), from €1.9m to €2.7m
of which Land and buildings: +€873,678
- Stocks and contracts -€245,213
down €245,213 (-15.3%), from €1.6m to €1.4m
- Receivables within one year -€80,707
down €80,707 (-74.2%), from €108,760 to €28,053
of which Other amounts receivable: -€108,707
- Cash -€67,763
down €67,763 (-97.1%), from €69,782 to €2,019
mainly Current portion of long-term debt (-€1.3m) and Investment in fixed assets (net) (-€954,859)
- Other debts +€1.5m
new in 2025: €1.5m
- Current portion of long-term debt -€1.3m
no longer reported in 2025 (was €1.3m)
- Short-term financial debts +€548,770
up €548,770 (+30.7%), from €1.8m to €2.3m
of which Credit institutions: +€1.8m
- Profit (loss) carried forward -€131,039
down €131,039, from €50,480 to -€80,559
- Tax, wage and social debts -€85,714
no longer reported in 2025 (was €85,714)
- Gross operating margin -€40,815
down €40,815 (-83.6%), from €48,829 to €8,014
- Depreciation +€20,641
up €20,641 (+28.8%), from €71,590 to €92,231
- Financial income +€10,789
up €10,789 (+1,240,145%), from €1 to €10,790
of which Non-recurring financial income: +€10,789
- Other operating charges +€5,390
up €5,390 (+46.1%), from €11,692 to €17,083
- Financial charges +€4,372
up €4,372 (+6.9%), from €63,690 to €68,062
of which Financial charges: +€2,519
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 | €3,674,792 | €4,143,880 | +€469,088 | +12.8% |
| Fixed assets | 21/28 | €1,886,589 | €2,749,217 | +€862,628 | +45.7% |
| Tangible fixed assets | 22/27 | €1,878,539 | €2,749,217 | +€870,678 | +46.3% |
| Land and buildings | 22 | €1,875,539 | €2,749,217 | +€873,678 | +46.6% |
| Plant, machinery and equipment | 23 | €3,000 | - | -€3,000 | |
| Financial fixed assets | 28 | €8,050 | - | -€8,050 | |
| Current assets | 29/58 | €1,788,203 | €1,394,663 | -€393,540 | -22.0% |
| Stocks and contracts in progress | 3 | €1,607,001 | €1,361,788 | -€245,213 | -15.3% |
| Contracts in progress | 37 | €1,607,001 | €1,361,788 | -€245,213 | -15.3% |
| Amounts receivable within one year | 40/41 | €108,760 | €28,053 | -€80,707 | -74.2% |
| Trade receivables | 40 | - | €28,000 | +€28,000 | |
| Other amounts receivable | 41 | €108,760 | €53 | -€108,707 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,782 | €2,019 | -€67,763 | -97.1% |
| Deferred charges and accrued income | 490/1 | €2,660 | €2,802 | +€142 | +5.4% |
| Total equity and liabilities | 10/49 | €3,674,792 | €4,143,880 | +€469,088 | +12.8% |
| Equity | 10/15 | €385,275 | €229,603 | -€155,672 | -40.4% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | - | -€190,000 | |
| Issued capital | 100 | €190,000 | - | -€190,000 | |
| Reserves | 13 | €144,795 | €120,162 | -€24,633 | -17.0% |
| Non-distributable reserves | 130/1 | €19,000 | - | -€19,000 | |
| Legal reserve | 130 | €19,000 | - | -€19,000 | |
| Tax-exempt reserves | 132 | €125,795 | €120,162 | -€5,633 | -4.5% |
| Profit (loss) carried forward | 14 | €50,480 | -€80,559 | -€131,039 | |
| Provisions and deferred taxes | 16 | €64,775 | €61,874 | -€2,900 | -4.5% |
| Deferred taxes | 168 | €64,775 | €61,874 | -€2,900 | -4.5% |
| Amounts payable | 17/49 | €3,224,742 | €3,852,402 | +€627,660 | +19.5% |
| Amounts payable within one year | 42/48 | €3,224,742 | €3,851,377 | +€626,635 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €1,313,050 | - | -€1.3m | |
| Financial debts | 43 | €1,787,881 | €2,336,651 | +€548,770 | +30.7% |
| Credit institutions | 430/8 | - | €1,800,000 | +€1.8m | |
| Other loans | 439 | €1,787,881 | €536,651 | -€1.3m | -70.0% |
| Trade debts | 44 | €38,097 | - | -€38,097 | |
| Suppliers | 440/4 | €38,097 | - | -€38,097 | |
| Taxes, remuneration and social security | 45 | €85,714 | - | -€85,714 | |
| Taxes | 450/3 | €85,714 | - | -€85,714 | |
| Other amounts payable | 47/48 | - | €1,514,726 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | - | €1,025 | +€1,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,590 | €92,231 | +€20,641 | +28.8% |
| Other operating charges | 640/8 | €11,692 | €17,083 | +€5,390 | +46.1% |
| Gross operating margin | 9900 | €48,829 | €8,014 | -€40,815 | -83.6% |
| Operating profit (loss) | 9901 | -€34,454 | -€101,300 | -€66,847 | -194% |
| Financial income | 75/76B | €1 | €10,790 | +€10,789 | +1,240,145% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +83.9% |
| Non-recurring financial income | 76B | - | €10,789 | +€10,789 | |
| Financial charges | 65/66B | €63,690 | €68,062 | +€4,372 | +6.9% |
| Recurring financial charges | 65 | €63,690 | €66,209 | +€2,519 | +4.0% |
| Non-recurring financial charges | 66B | - | €1,852 | +€1,852 | |
| Profit (loss) for the period before taxes | 9903 | -€98,143 | -€158,572 | -€60,429 | -61.6% |
| Transfer from deferred taxes | 780 | €2,900 | €2,900 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€95,243 | -€155,672 | -€60,429 | -63.4% |
| Transfer from tax-exempt reserves | 789 | €5,633 | €5,633 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,610 | -€150,039 | -€60,429 | -67.4% |
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 17 October 2026 via checked.be.