Immo I&W: 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 I&W
Largest movements
- Receivables within one year -€255,987
down €255,987 (-87.3%), from €293,089 to €37,102
- Cash +€119,271
up €119,271 (+213%), from €55,877 to €175,148
mainly Receivables within one year (+€255,987) and Net result for the year (+€43,832)
- Tangible fixed assets -€9,122
down €9,122 (-5.9%), from €154,060 to €144,938
- Other debts -€114,362
down €114,362 (-51.9%), from €220,430 to €106,068
- Tax, wage and social debts -€13,234
down €13,234 (-41.5%), from €31,854 to €18,620
of which Taxes: -€8,459
- Debts after one year -€12,758
down €12,758 (-21.5%), from €59,352 to €46,594
of which Financial debts: -€12,758
- Reserves -€7,276
down €7,276 (-3.5%), from €205,082 to €197,806
of which Distributable reserves: -€7,276
- Gross operating margin +€49,399
up €49,399 (+109%), from €45,517 to €94,916
- Taxes +€11,811
up €11,811 (+1,577%), from €749 to €12,560
- Depreciation -€9,127
down €9,127 (-32.1%), from €28,475 to €19,347
- Financial charges +€2,925
up €2,925 (+38.5%), from €7,600 to €10,525
- Financial income -€1,514
down €1,514 (-84.8%), from €1,786 to €272
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 | €567,827 | €422,924 | -€144,903 | -25.5% |
| Fixed assets | 21/28 | €154,060 | €144,938 | -€9,122 | -5.9% |
| Tangible fixed assets | 22/27 | €154,060 | €144,938 | -€9,122 | -5.9% |
| Land and buildings | 22 | €141,422 | €137,329 | -€4,093 | -2.9% |
| Plant, machinery and equipment | 23 | €6,526 | €5,196 | -€1,330 | -20.4% |
| Furniture and vehicles | 24 | €6,112 | €2,413 | -€3,700 | -60.5% |
| Current assets | 29/58 | €413,767 | €277,986 | -€135,781 | -32.8% |
| Amounts receivable within one year | 40/41 | €293,089 | €37,102 | -€255,987 | -87.3% |
| Trade receivables | 40 | €293,089 | €37,102 | -€255,987 | -87.3% |
| Current investments | 50/53 | €60,678 | €60,955 | +€277 | +0.5% |
| Cash at bank and in hand | 54/58 | €55,877 | €175,148 | +€119,271 | +213% |
| Deferred charges and accrued income | 490/1 | €4,124 | €4,782 | +€658 | +16.0% |
| Total equity and liabilities | 10/49 | €567,827 | €422,924 | -€144,903 | -25.5% |
| Equity | 10/15 | €232,795 | €225,519 | -€7,276 | -3.1% |
| Contributions | 10/11 | €18,929 | €18,929 | = | 0.0% |
| Revaluation surpluses | 12 | €8,784 | €8,784 | = | 0.0% |
| Reserves | 13 | €205,082 | €197,806 | -€7,276 | -3.5% |
| Tax-exempt reserves | 132 | €451 | €451 | = | 0.0% |
| Distributable reserves | 133 | €204,631 | €197,355 | -€7,276 | -3.6% |
| Amounts payable | 17/49 | €335,032 | €197,405 | -€137,627 | -41.1% |
| Amounts payable after more than one year | 17 | €59,352 | €46,594 | -€12,758 | -21.5% |
| Financial debts | 170/4 | €29,352 | €16,594 | -€12,758 | -43.5% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €267,529 | €140,084 | -€127,444 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €12,315 | €12,758 | +€443 | +3.6% |
| Trade debts | 44 | €2,930 | €2,639 | -€291 | -9.9% |
| Suppliers | 440/4 | €2,930 | €2,639 | -€291 | -9.9% |
| Taxes, remuneration and social security | 45 | €31,854 | €18,620 | -€13,234 | -41.5% |
| Taxes | 450/3 | €27,079 | €18,620 | -€8,459 | -31.2% |
| Remuneration and social security | 454/9 | €4,775 | - | -€4,775 | |
| Other amounts payable | 47/48 | €220,430 | €106,068 | -€114,362 | -51.9% |
| Accrued charges and deferred income | 492/3 | €8,152 | €10,727 | +€2,575 | +31.6% |
| Non-recurring operating income | 76A | €12,337 | - | -€12,337 | |
| Remuneration, social security and pensions | 62 | €46 | - | -€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,475 | €19,347 | -€9,127 | -32.1% |
| Other operating charges | 640/8 | €9,341 | €8,924 | -€417 | -4.5% |
| Non-recurring operating charges | 66A | €427 | - | -€427 | |
| Gross operating margin | 9900 | €45,517 | €94,916 | +€49,399 | +109% |
| Operating profit (loss) | 9901 | €7,228 | €66,645 | +€59,417 | +822% |
| Financial income | 75/76B | €1,786 | €272 | -€1,514 | -84.8% |
| Recurring financial income | 75 | €1,786 | €272 | -€1,514 | -84.8% |
| Financial charges | 65/66B | €7,600 | €10,525 | +€2,925 | +38.5% |
| Recurring financial charges | 65 | €7,600 | €10,525 | +€2,925 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €1,414 | €56,392 | +€54,978 | +3,888% |
| Income taxes | 67/77 | €749 | €12,560 | +€11,811 | +1,577% |
| Profit (loss) for the period | 9904 | €665 | €43,832 | +€43,167 | +6,490% |
| Profit (loss) for the period to be appropriated | 9905 | €665 | €43,832 | +€43,167 | +6,490% |
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 20 October 2026 via checked.be.