IMMO MID-WEST: 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 MID-WEST
Largest movements
- Tangible fixed assets +€339,804
new in 2025: €339,804
- Stocks and contracts +€291,197
up €291,197 (+23.2%), from €1.3m to €1.5m
of which Contracts in progress: +€364,152
- Financial fixed assets +€73,851
up €73,851 (+739%), from €10,000 to €83,851
- Short-term financial debts +€405,000
up €405,000 (+55.5%), from €730,000 to €1.1m
- Advances received -€278,293
down €278,293 (-72.0%), from €386,690 to €108,397
- Reserves +€156,717
new in 2025: €156,717
- Other debts +€121,765
up €121,765 (+98.1%), from €124,166 to €245,931
- Profit (loss) carried forward +€111,664
up €111,664, from -€111,664 to €0
- Gross operating margin +€357,643
up €357,643 (+1,765%), from €20,265 to €377,908
- Financial charges +€36,840
up €36,840 (+77.0%), from €47,824 to €84,664
- Depreciation +€27,603
new in 2025: €27,603
- Other operating charges -€7,834
down €7,834 (-41.8%), from €18,744 to €10,910
- Financial income +€5,402
up €5,402 (+65.5%), from €8,249 to €13,651
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 | €1,445,779 | €2,155,012 | +€709,233 | +49.1% |
| Fixed assets | 21/28 | €10,000 | €423,655 | +€413,655 | +4,137% |
| Tangible fixed assets | 22/27 | - | €339,804 | +€339,804 | |
| Land and buildings | 22 | - | €339,804 | +€339,804 | |
| Financial fixed assets | 28 | €10,000 | €83,851 | +€73,851 | +739% |
| Current assets | 29/58 | €1,435,779 | €1,731,356 | +€295,577 | +20.6% |
| Stocks and contracts in progress | 3 | €1,257,186 | €1,548,383 | +€291,197 | +23.2% |
| Stocks | 30/36 | €984,457 | €911,502 | -€72,955 | -7.4% |
| Contracts in progress | 37 | €272,729 | €636,880 | +€364,152 | +134% |
| Amounts receivable within one year | 40/41 | €11,344 | €8,616 | -€2,728 | -24.0% |
| Trade receivables | 40 | €11,344 | €8,616 | -€2,728 | -24.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €167,249 | €174,358 | +€7,109 | +4.3% |
| Total equity and liabilities | 10/49 | €1,445,779 | €2,155,012 | +€709,233 | +49.1% |
| Equity | 10/15 | -€93,064 | €175,317 | +€268,381 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €156,717 | +€156,717 | |
| Distributable reserves | 133 | - | €156,717 | +€156,717 | |
| Profit (loss) carried forward | 14 | -€111,664 | €0 | +€111,664 | |
| Amounts payable | 17/49 | €1,538,843 | €1,979,694 | +€440,851 | +28.6% |
| Amounts payable after more than one year | 17 | €280,000 | €280,000 | = | 0.0% |
| Financial debts | 170/4 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,247,868 | €1,681,580 | +€433,711 | +34.8% |
| Financial debts | 43 | €730,000 | €1,135,000 | +€405,000 | +55.5% |
| Credit institutions | 430/8 | €730,000 | €1,135,000 | +€405,000 | +55.5% |
| Trade debts | 44 | €0 | €95,030 | +€95,030 | |
| Suppliers | 440/4 | €0 | €95,030 | +€95,030 | |
| Advances received on contracts in progress | 46 | €386,690 | €108,397 | -€278,293 | -72.0% |
| Taxes, remuneration and social security | 45 | €7,013 | €97,222 | +€90,210 | +1,286% |
| Taxes | 450/3 | €7,013 | €97,222 | +€90,210 | +1,286% |
| Other amounts payable | 47/48 | €124,166 | €245,931 | +€121,765 | +98.1% |
| Accrued charges and deferred income | 492/3 | €10,975 | €18,115 | +€7,140 | +65.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €27,603 | +€27,603 | |
| Other operating charges | 640/8 | €18,744 | €10,910 | -€7,834 | -41.8% |
| Gross operating margin | 9900 | €20,265 | €377,908 | +€357,643 | +1,765% |
| Operating profit (loss) | 9901 | €1,520 | €339,395 | +€337,874 | +22,221% |
| Financial income | 75/76B | €8,249 | €13,651 | +€5,402 | +65.5% |
| Recurring financial income | 75 | €8,249 | €13,651 | +€5,402 | +65.5% |
| Financial charges | 65/66B | €47,824 | €84,664 | +€36,840 | +77.0% |
| Recurring financial charges | 65 | €47,824 | €84,664 | +€36,840 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,054 | €268,381 | +€306,436 | |
| Profit (loss) for the period | 9904 | -€38,054 | €268,381 | +€306,436 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,054 | €268,381 | +€306,436 |
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 20 October 2026 via checked.be.