IMMO MEEBAUW: 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 MEEBAUW
Largest movements
- Tangible fixed assets -€23,703
down €23,703 (-2.6%), from €914,566 to €890,862
of which Land and buildings: -€23,703
- Debts after one year -€64,666
down €64,666 (-7.6%), from €851,813 to €787,147
of which Financial debts: -€64,666
- Reserves +€20,096
up €20,096 (+66.0%), from €30,471 to €50,567
- Accrued charges and deferred income +€11,396
up €11,396 (+17.6%), from €64,580 to €75,977
- Financial charges -€19,820
down €19,820 (-49.2%), from €40,311 to €20,491
- Taxes +€6,815
up €6,815 (+266%), from €2,563 to €9,378
- Gross operating margin +€1,758
up €1,758 (+2.3%), from €77,520 to €79,277
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 | €1,007,467 | €977,522 | -€29,946 | -3.0% |
| Fixed assets | 21/28 | €989,566 | €965,862 | -€23,703 | -2.4% |
| Tangible fixed assets | 22/27 | €914,566 | €890,862 | -€23,703 | -2.6% |
| Land and buildings | 22 | €769,330 | €745,627 | -€23,703 | -3.1% |
| Other tangible fixed assets | 26 | €145,236 | €145,236 | = | 0.0% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €17,902 | €11,659 | -€6,243 | -34.9% |
| Amounts receivable within one year | 40/41 | €7,205 | €0 | -€7,205 | -100% |
| Other amounts receivable | 41 | €7,205 | €0 | -€7,205 | -100% |
| Cash at bank and in hand | 54/58 | €8,910 | €9,846 | +€936 | +10.5% |
| Deferred charges and accrued income | 490/1 | €1,786 | €1,813 | +€26 | +1.5% |
| Total equity and liabilities | 10/49 | €1,007,467 | €977,522 | -€29,946 | -3.0% |
| Equity | 10/15 | €36,671 | €56,767 | +€20,096 | +54.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,471 | €50,567 | +€20,096 | +66.0% |
| Distributable reserves | 133 | €30,471 | €50,567 | +€20,096 | +66.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €970,796 | €920,754 | -€50,042 | -5.2% |
| Amounts payable after more than one year | 17 | €851,813 | €787,147 | -€64,666 | -7.6% |
| Financial debts | 170/4 | €849,913 | €785,247 | -€64,666 | -7.6% |
| Other amounts payable | 178/9 | €1,900 | €1,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,403 | €57,631 | +€3,227 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €52,079 | €55,370 | +€3,291 | +6.3% |
| Trade debts | 44 | €2,324 | €883 | -€1,441 | -62.0% |
| Suppliers | 440/4 | €2,324 | €883 | -€1,441 | -62.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,378 | +€1,378 | |
| Taxes | 450/3 | €0 | €1,378 | +€1,378 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €64,580 | €75,977 | +€11,396 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,703 | €23,703 | = | 0.0% |
| Other operating charges | 640/8 | €5,450 | €5,609 | +€159 | +2.9% |
| Gross operating margin | 9900 | €77,520 | €79,277 | +€1,758 | +2.3% |
| Operating profit (loss) | 9901 | €48,366 | €49,965 | +€1,599 | +3.3% |
| Financial charges | 65/66B | €40,311 | €20,491 | -€19,820 | -49.2% |
| Recurring financial charges | 65 | €40,311 | €20,491 | -€19,820 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €8,055 | €29,474 | +€21,419 | +266% |
| Income taxes | 67/77 | €2,563 | €9,378 | +€6,815 | +266% |
| Profit (loss) for the period | 9904 | €5,492 | €20,096 | +€14,604 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €5,492 | €20,096 | +€14,604 | +266% |
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.