Immo MaWood: 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.
What changed
Immo MaWood
NACE 46.130, Agents in the wholesale of timber and building materials
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€214
2023 · €7,227-€7,441
Equity
-€19,522
2023 · -€18,609-€913
Cash
€1,973
2023 · €1,313+€660
Balance sheet total
€157,285
2023 · €168,464-€11,179
Largest movements
Assets
- Tangible fixed assets -€6,214
down €6,214 (-3.9%), from €161,096 to €154,882
of which Land and buildings: -€4,117
- Stocks and contracts -€6,000
down €6,000 (-100%), from €6,000 to €0
Equity and liabilities
- Debts after one year -€8,029
down €8,029 (-16.5%), from €48,587 to €40,558
- Other debts -€2,174
down €2,174 (-1.8%), from €123,616 to €121,442
Income statement
- Gross operating margin -€7,814
down €7,814 (-46.9%), from €16,667 to €8,853
- Financial charges +€351
up €351 (+13.2%), from €2,668 to €3,019
From the 2023 result to the 2024 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.
Result 2023
€7,227
Gross operating margin
-€7,814
Depreciation
-€1
Other operating charges
+€17
Financial income
+€9
Financial charges
-€351
Deferred taxes and other
+€698
Result 2024
-€214
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€8,965
Investment
-€0
Financing
-€8,305
Cash 2023
€1,313
From operations (derived)
+€8,965
Net result for the year
-€214
Depreciation
+€6,214
Stocks and contracts
+€6,000
Receivables within one year
-€384
Deferred charges and accrued income
+€9
Provisions
-€349
Trade debts
+€177
Tax, wage and social debts
-€313
Other debts
-€2,174
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€8,305
Debts after one year
-€8,029
Current portion of long-term debt
+€422
Contributions, distributions and other
-€698
Cash 2024
€1,973
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,464 | €157,285 | -€11,179 | -6.6% |
| Fixed assets | 21/28 | €161,096 | €154,882 | -€6,214 | -3.9% |
| Tangible fixed assets | 22/27 | €161,096 | €154,882 | -€6,214 | -3.9% |
| Land and buildings | 22 | €153,444 | €149,327 | -€4,117 | -2.7% |
| Plant, machinery and equipment | 23 | €7,652 | €5,555 | -€2,097 | -27.4% |
| Current assets | 29/58 | €7,368 | €2,403 | -€4,965 | -67.4% |
| Stocks and contracts in progress | 3 | €6,000 | €0 | -€6,000 | -100% |
| Stocks | 30/36 | €6,000 | €0 | -€6,000 | -100% |
| Amounts receivable within one year | 40/41 | - | €384 | +€384 | |
| Trade receivables | 40 | - | €300 | +€300 | |
| Other amounts receivable | 41 | - | €84 | +€84 | |
| Cash at bank and in hand | 54/58 | €1,313 | €1,973 | +€660 | +50.3% |
| Deferred charges and accrued income | 490/1 | €55 | €46 | -€9 | -16.7% |
| Total equity and liabilities | 10/49 | €168,464 | €157,285 | -€11,179 | -6.6% |
| Equity | 10/15 | -€18,609 | -€19,522 | -€913 | -4.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Capital | 10 | €22,000 | - | -€22,000 | |
| Issued capital | 100 | €22,000 | - | -€22,000 | |
| Reserves | 13 | €16,755 | €15,708 | -€1,047 | -6.3% |
| Tax-exempt reserves | 132 | €16,755 | €15,708 | -€1,047 | -6.3% |
| Profit (loss) carried forward | 14 | -€57,364 | -€57,229 | +€135 | +0.2% |
| Provisions and deferred taxes | 16 | €5,585 | €5,236 | -€349 | -6.3% |
| Deferred taxes | 168 | €5,585 | €5,236 | -€349 | -6.3% |
| Amounts payable | 17/49 | €181,488 | €171,571 | -€9,917 | -5.5% |
| Amounts payable after more than one year | 17 | €48,587 | €40,558 | -€8,029 | -16.5% |
| Financial debts | 170/4 | €48,587 | €40,558 | -€8,029 | -16.5% |
| Amounts payable within one year | 42/48 | €132,901 | €131,013 | -€1,888 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €7,617 | €8,039 | +€422 | +5.5% |
| Trade debts | 44 | €1,210 | €1,387 | +€177 | +14.6% |
| Suppliers | 440/4 | €1,210 | €1,387 | +€177 | +14.6% |
| Taxes, remuneration and social security | 45 | €458 | €145 | -€313 | -68.4% |
| Taxes | 450/3 | €458 | €145 | -€313 | -68.4% |
| Other amounts payable | 47/48 | €123,616 | €121,442 | -€2,174 | -1.8% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,213 | €6,214 | +€1 | 0.0% |
| Other operating charges | 640/8 | €908 | €891 | -€17 | -1.9% |
| Gross operating margin | 9900 | €16,667 | €8,853 | -€7,814 | -46.9% |
| Operating profit (loss) | 9901 | €9,546 | €1,748 | -€7,798 | -81.7% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €2,668 | €3,019 | +€351 | +13.2% |
| Recurring financial charges | 65 | €2,668 | €3,019 | +€351 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €6,878 | -€1,262 | -€8,140 | |
| Transfer from deferred taxes | 780 | €349 | €1,047 | +€698 | +200% |
| Profit (loss) for the period | 9904 | €7,227 | -€214 | -€7,441 | |
| Transfer from tax-exempt reserves | 789 | €1,047 | €349 | -€698 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,274 | €135 | -€8,139 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.