IMMO DE WINNE: 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 WINNE
Largest movements
- Receivables within one year +€237,048
up €237,048 (+97.2%), from €243,795 to €480,842
of which Trade receivables: +€191,064
- Cash -€137,380
down €137,380 (-27.9%), from €492,187 to €354,807
mainly Receivables within one year (-€237,048) and Debts after one year (-€47,054)
- Trade debts +€127,901
up €127,901 (+22.3%), from €574,433 to €702,334
of which Bills of exchange payable: +€141,962
- Debts after one year -€47,054
down €47,054 (-23.9%), from €197,035 to €149,981
- Reserves +€34,350
up €34,350 (+9.1%), from €377,505 to €411,855
of which Distributable reserves: +€34,350
- Accrued charges and deferred income -€25,000
down €25,000 (-33.8%), from €74,000 to €49,000
- Gross operating margin +€84,340
up €84,340 (+110%), from €76,375 to €160,715
- Other operating charges +€4,718
up €4,718 (+40.8%), from €11,551 to €16,269
- Financial charges +€2,883
up €2,883 (+58.6%), from €4,922 to €7,805
- Financial income +€1,882
up €1,882 (+42.4%), from €4,441 to €6,322
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 | €1,714,397 | €1,806,090 | +€91,693 | +5.3% |
| Fixed assets | 21/28 | €895,168 | €883,190 | -€11,978 | -1.3% |
| Tangible fixed assets | 22/27 | €895,168 | €883,190 | -€11,978 | -1.3% |
| Land and buildings | 22 | €279,732 | €272,982 | -€6,750 | -2.4% |
| Plant, machinery and equipment | 23 | €536,091 | €539,191 | +€3,100 | +0.6% |
| Furniture and vehicles | 24 | €18,006 | €15,573 | -€2,433 | -13.5% |
| Other tangible fixed assets | 26 | €61,340 | €55,445 | -€5,895 | -9.6% |
| Current assets | 29/58 | €819,229 | €922,900 | +€103,672 | +12.7% |
| Amounts receivable within one year | 40/41 | €243,795 | €480,842 | +€237,048 | +97.2% |
| Trade receivables | 40 | €134,463 | €325,527 | +€191,064 | +142% |
| Other amounts receivable | 41 | €109,332 | €155,316 | +€45,984 | +42.1% |
| Cash at bank and in hand | 54/58 | €492,187 | €354,807 | -€137,380 | -27.9% |
| Deferred charges and accrued income | 490/1 | €83,247 | €87,251 | +€4,003 | +4.8% |
| Total equity and liabilities | 10/49 | €1,714,397 | €1,806,090 | +€91,693 | +5.3% |
| Equity | 10/15 | €811,735 | €846,086 | +€34,350 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,505 | €411,855 | +€34,350 | +9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €375,645 | €409,995 | +€34,350 | +9.1% |
| Profit (loss) carried forward | 14 | €415,631 | €415,631 | = | 0.0% |
| Amounts payable | 17/49 | €902,661 | €960,005 | +€57,343 | +6.4% |
| Amounts payable after more than one year | 17 | €197,035 | €149,981 | -€47,054 | -23.9% |
| Financial debts | 170/4 | €197,035 | €149,981 | -€47,054 | -23.9% |
| Amounts payable within one year | 42/48 | €631,626 | €761,024 | +€129,398 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €46,298 | €47,054 | +€757 | +1.6% |
| Trade debts | 44 | €574,433 | €702,334 | +€127,901 | +22.3% |
| Suppliers | 440/4 | €94,256 | €80,195 | -€14,062 | -14.9% |
| Bills of exchange payable | 441 | €480,177 | €622,139 | +€141,962 | +29.6% |
| Taxes, remuneration and social security | 45 | €8,795 | €9,535 | +€740 | +8.4% |
| Taxes | 450/3 | €8,795 | €9,535 | +€740 | +8.4% |
| Other amounts payable | 47/48 | €2,100 | €2,100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €74,000 | €49,000 | -€25,000 | -33.8% |
| Non-recurring operating income | 76A | €10,000 | €25,000 | +€15,000 | +150% |
| Remuneration, social security and pensions | 62 | €3,803 | €4,836 | +€1,033 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,543 | €18,727 | +€1,184 | +6.7% |
| Other operating charges | 640/8 | €11,551 | €16,269 | +€4,718 | +40.8% |
| Non-recurring operating charges | 66A | - | €71,601 | +€71,601 | |
| Gross operating margin | 9900 | €76,375 | €160,715 | +€84,340 | +110% |
| Operating profit (loss) | 9901 | €43,478 | €49,283 | +€5,805 | +13.4% |
| Financial income | 75/76B | €4,441 | €6,322 | +€1,882 | +42.4% |
| Recurring financial income | 75 | €4,441 | €6,322 | +€1,882 | +42.4% |
| Financial charges | 65/66B | €4,922 | €7,805 | +€2,883 | +58.6% |
| Recurring financial charges | 65 | €4,922 | €7,805 | +€2,883 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €42,996 | €47,799 | +€4,804 | +11.2% |
| Income taxes | 67/77 | €12,717 | €13,449 | +€733 | +5.8% |
| Profit (loss) for the period | 9904 | €30,279 | €34,350 | +€4,071 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,279 | €34,350 | +€4,071 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.