Immo Mestdagh: 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 Mestdagh
Largest movements
- Cash +€52,356
up €52,356 (+35.6%), from €147,153 to €199,508
mainly Net result for the year (+€58,244) and Deferred charges and accrued income (+€4,320)
- Deferred charges and accrued income -€4,320
down €4,320 (-72.7%), from €5,939 to €1,619
- Receivables within one year -€2,525
down €2,525 (-36.0%), from €7,021 to €4,497
of which Other amounts receivable: -€3,304
- Reserves +€58,244
up €58,244 (+44.2%), from €131,697 to €189,942
- Tax, wage and social debts -€12,611
down €12,611 (-51.4%), from €24,520 to €11,910
of which Taxes: -€10,748
- Gross operating margin -€5,309
down €5,309 (-6.4%), from €83,436 to €78,127
- Financial income +€1,801
up €1,801 (+5,024%), from €36 to €1,837
of which Non-recurring financial income: +€1,800
- Taxes -€908
down €908 (-4.4%), from €20,666 to €19,758
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 | €167,065 | €211,371 | +€44,306 | +26.5% |
| Fixed assets | 21/28 | €6,951 | €5,747 | -€1,205 | -17.3% |
| Tangible fixed assets | 22/27 | €6,951 | €5,747 | -€1,205 | -17.3% |
| Land and buildings | 22 | €4,590 | €4,061 | -€529 | -11.5% |
| Furniture and vehicles | 24 | €2,361 | €1,685 | -€676 | -28.6% |
| Current assets | 29/58 | €160,114 | €205,625 | +€45,511 | +28.4% |
| Amounts receivable within one year | 40/41 | €7,021 | €4,497 | -€2,525 | -36.0% |
| Trade receivables | 40 | €3,399 | €4,178 | +€780 | +22.9% |
| Other amounts receivable | 41 | €3,623 | €319 | -€3,304 | -91.2% |
| Cash at bank and in hand | 54/58 | €147,153 | €199,508 | +€52,356 | +35.6% |
| Deferred charges and accrued income | 490/1 | €5,939 | €1,619 | -€4,320 | -72.7% |
| Total equity and liabilities | 10/49 | €167,065 | €211,371 | +€44,306 | +26.5% |
| Equity | 10/15 | €136,697 | €194,942 | +€58,244 | +42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,697 | €189,942 | +€58,244 | +44.2% |
| Distributable reserves | 133 | €131,697 | €189,942 | +€58,244 | +44.2% |
| Amounts payable | 17/49 | €30,368 | €16,430 | -€13,938 | -45.9% |
| Amounts payable within one year | 42/48 | €29,438 | €16,293 | -€13,145 | -44.7% |
| Trade debts | 44 | €3,142 | €1,135 | -€2,007 | -63.9% |
| Suppliers | 440/4 | €3,142 | €1,135 | -€2,007 | -63.9% |
| Taxes, remuneration and social security | 45 | €24,520 | €11,910 | -€12,611 | -51.4% |
| Taxes | 450/3 | €21,075 | €10,327 | -€10,748 | -51.0% |
| Remuneration and social security | 454/9 | €3,445 | €1,583 | -€1,863 | -54.1% |
| Other amounts payable | 47/48 | €1,776 | €3,248 | +€1,473 | +82.9% |
| Accrued charges and deferred income | 492/3 | €929 | €136 | -€793 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205 | €1,205 | = | 0.0% |
| Other operating charges | 640/8 | €1,379 | €699 | -€680 | -49.3% |
| Gross operating margin | 9900 | €83,436 | €78,127 | -€5,309 | -6.4% |
| Operating profit (loss) | 9901 | €80,852 | €76,224 | -€4,629 | -5.7% |
| Financial income | 75/76B | €36 | €1,837 | +€1,801 | +5,024% |
| Recurring financial income | 75 | €36 | €37 | +€1 | +2.7% |
| Non-recurring financial income | 76B | - | €1,800 | +€1,800 | |
| Financial charges | 65/66B | €56 | €58 | +€2 | +4.1% |
| Recurring financial charges | 65 | €56 | €58 | +€2 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €80,832 | €78,002 | -€2,830 | -3.5% |
| Income taxes | 67/77 | €20,666 | €19,758 | -€908 | -4.4% |
| Profit (loss) for the period | 9904 | €60,166 | €58,244 | -€1,922 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,166 | €58,244 | -€1,922 | -3.2% |
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 23 October 2026 via checked.be.