IMMO KLAVERBLAD: 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 KLAVERBLAD
Largest movements
- Receivables within one year +€157,404
up €157,404 (+25.2%), from €623,527 to €780,931
of which Other amounts receivable: +€752,513
- Tangible fixed assets -€137,674
down €137,674 (-3.1%), from €4.4m to €4.3m
of which Leasing and similar rights: -€100,542
- Debts after one year -€239,753
down €239,753 (-5.4%), from €4.4m to €4.2m
- Current portion of long-term debt +€75,748
up €75,748 (+21.8%), from €346,745 to €422,493
- Other debts +€66,902
up €66,902 (+43.7%), from €153,075 to €219,977
- Gross operating margin -€51,189
down €51,189 (-11.1%), from €462,996 to €411,807
- Taxes +€15,599
up €15,599 (+83.0%), from €18,805 to €34,404
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 | €5,066,614 | €5,053,094 | -€13,520 | -0.3% |
| Fixed assets | 21/28 | €4,404,706 | €4,267,032 | -€137,674 | -3.1% |
| Tangible fixed assets | 22/27 | €4,404,706 | €4,267,032 | -€137,674 | -3.1% |
| Land and buildings | 22 | €2,950,000 | €2,955,114 | +€5,114 | +0.2% |
| Plant, machinery and equipment | 23 | €9,344 | €8,287 | -€1,057 | -11.3% |
| Furniture and vehicles | 24 | €20,378 | €16,382 | -€3,996 | -19.6% |
| Leasing and similar rights | 25 | €1,321,010 | €1,220,468 | -€100,542 | -7.6% |
| Other tangible fixed assets | 26 | €103,974 | €66,781 | -€37,193 | -35.8% |
| Current assets | 29/58 | €661,908 | €786,062 | +€124,154 | +18.8% |
| Amounts receivable within one year | 40/41 | €623,527 | €780,931 | +€157,404 | +25.2% |
| Trade receivables | 40 | €623,527 | €28,418 | -€595,109 | -95.4% |
| Other amounts receivable | 41 | - | €752,513 | +€752,513 | |
| Cash at bank and in hand | 54/58 | €38,381 | €5,131 | -€33,250 | -86.6% |
| Total equity and liabilities | 10/49 | €5,066,614 | €5,053,094 | -€13,520 | -0.3% |
| Equity | 10/15 | €120,478 | €170,622 | +€50,144 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,878 | €152,022 | +€50,144 | +49.2% |
| Amounts payable | 17/49 | €4,946,136 | €4,882,472 | -€63,664 | -1.3% |
| Amounts payable after more than one year | 17 | €4,408,533 | €4,168,780 | -€239,753 | -5.4% |
| Financial debts | 170/4 | €4,408,533 | €4,168,780 | -€239,753 | -5.4% |
| Amounts payable within one year | 42/48 | €537,603 | €713,692 | +€176,089 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €346,745 | €422,493 | +€75,748 | +21.8% |
| Trade debts | 44 | €8,496 | €10,738 | +€2,242 | +26.4% |
| Suppliers | 440/4 | €8,496 | €10,738 | +€2,242 | +26.4% |
| Taxes, remuneration and social security | 45 | €29,287 | €60,484 | +€31,197 | +107% |
| Taxes | 450/3 | €29,287 | €60,484 | +€31,197 | +107% |
| Other amounts payable | 47/48 | €153,075 | €219,977 | +€66,902 | +43.7% |
| Remuneration, social security and pensions | 62 | - | €1,014 | +€1,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,373 | €143,034 | -€2,339 | -1.6% |
| Other operating charges | 640/8 | €32,472 | €31,507 | -€965 | -3.0% |
| Gross operating margin | 9900 | €462,996 | €411,807 | -€51,189 | -11.1% |
| Operating profit (loss) | 9901 | €285,151 | €236,252 | -€48,899 | -17.1% |
| Financial charges | 65/66B | €155,517 | €151,704 | -€3,813 | -2.5% |
| Recurring financial charges | 65 | €155,517 | €151,704 | -€3,813 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €129,634 | €84,548 | -€45,086 | -34.8% |
| Income taxes | 67/77 | €18,805 | €34,404 | +€15,599 | +83.0% |
| Profit (loss) for the period | 9904 | €110,829 | €50,144 | -€60,685 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,829 | €50,144 | -€60,685 | -54.8% |
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 21 October 2026 via checked.be.