"IMMO MISCAR": what changed
Two fiscal 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 MISCAR"
Largest movements
- Tangible fixed assets +€211,289
up €211,289 (+15.0%), from €1.4m to €1.6m
of which Land and buildings: +€111,593
- Debts after one year +€223,726
up €223,726 (+17.3%), from €1.3m to €1.5m
- Other debts +€31,190
up €31,190 (+48.9%), from €63,758 to €94,948
- Profit (loss) carried forward -€28,915
down €28,915 (-35.4%), from €81,590 to €52,675
- Short-term financial debts -€23,545
down €23,545 (-60.8%), from €38,754 to €15,209
- Current portion of long-term debt +€18,470
up €18,470 (+31.6%), from €58,406 to €76,877
- Gross operating margin -€52,961
down €52,961 (-36.6%), from €144,766 to €91,804
- Depreciation +€25,818
up €25,818 (+45.0%), from €57,369 to €83,186
- Taxes -€13,857
down €13,857 (-98.9%), from €14,005 to €149
- Financial charges +€11,514
up €11,514 (+68.5%), from €16,799 to €28,313
- Other operating charges +€4,254
up €4,254 (+88.3%), from €4,817 to €9,072
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,563,946 | €1,784,822 | +€220,876 | +14.1% |
| Fixed assets | 21/28 | €1,409,348 | €1,620,637 | +€211,289 | +15.0% |
| Tangible fixed assets | 22/27 | €1,409,348 | €1,620,637 | +€211,289 | +15.0% |
| Land and buildings | 22 | €1,333,941 | €1,445,535 | +€111,593 | +8.4% |
| Plant, machinery and equipment | 23 | €69,799 | €78,519 | +€8,720 | +12.5% |
| Furniture and vehicles | 24 | €5,608 | €0 | -€5,608 | -100.0% |
| Leasing and similar rights | 25 | - | €96,583 | +€96,583 | |
| Current assets | 29/58 | €154,598 | €164,185 | +€9,587 | +6.2% |
| Amounts receivable within one year | 40/41 | €147,547 | €160,839 | +€13,292 | +9.0% |
| Trade receivables | 40 | €48,466 | €126,877 | +€78,412 | +161.8% |
| Other amounts receivable | 41 | €99,082 | €33,962 | -€65,120 | -65.7% |
| Cash at bank and in hand | 54/58 | €5,367 | €227 | -€5,140 | -95.8% |
| Deferred charges and accrued income | 490/1 | €1,684 | €3,118 | +€1,434 | +85.2% |
| Total equity and liabilities | 10/49 | €1,563,946 | €1,784,822 | +€220,876 | +14.1% |
| Equity | 10/15 | €83,590 | €54,675 | -€28,915 | -34.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,590 | €52,675 | -€28,915 | -35.4% |
| Amounts payable | 17/49 | €1,480,356 | €1,730,147 | +€249,791 | +16.9% |
| Amounts payable after more than one year | 17 | €1,291,597 | €1,515,323 | +€223,726 | +17.3% |
| Financial debts | 170/4 | €1,291,597 | €1,515,323 | +€223,726 | +17.3% |
| Amounts payable within one year | 42/48 | €188,129 | €211,848 | +€23,719 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €58,406 | €76,877 | +€18,470 | +31.6% |
| Financial debts | 43 | €38,754 | €15,209 | -€23,545 | -60.8% |
| Credit institutions | 430/8 | €38,754 | €15,209 | -€23,545 | -60.8% |
| Trade debts | 44 | €17,178 | €23,354 | +€6,176 | +36.0% |
| Suppliers | 440/4 | €17,178 | €23,354 | +€6,176 | +36.0% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €32 | €1,460 | +€1,428 | +4440.7% |
| Taxes | 450/3 | €32 | €1,460 | +€1,428 | +4440.7% |
| Other amounts payable | 47/48 | €63,758 | €94,948 | +€31,190 | +48.9% |
| Accrued charges and deferred income | 492/3 | €630 | €2,976 | +€2,346 | +372.3% |
| Non-recurring operating income | 76A | €20 | €0 | -€20 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,369 | €83,186 | +€25,818 | +45.0% |
| Other operating charges | 640/8 | €4,817 | €9,072 | +€4,254 | +88.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €144,766 | €91,804 | -€52,961 | -36.6% |
| Operating profit (loss) | 9901 | €82,580 | -€454 | -€83,033 | |
| Financial income | 75/76B | €451 | €0 | -€451 | -100.0% |
| Recurring financial income | 75 | €451 | €0 | -€451 | -100.0% |
| Financial charges | 65/66B | €16,799 | €28,313 | +€11,514 | +68.5% |
| Recurring financial charges | 65 | €16,799 | €28,313 | +€11,514 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €66,232 | -€28,767 | -€94,998 | |
| Income taxes | 67/77 | €14,005 | €149 | -€13,857 | -98.9% |
| Profit (loss) for the period | 9904 | €52,227 | -€28,915 | -€81,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,227 | -€28,915 | -€81,142 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.