IMMO MOEYAERT: 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 MOEYAERT
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,178
2024 · €57,651-€42,473
Equity
€1.2m
2024 · €1.3m-€58,181
Cash
€138,108
2024 · €140,525-€2,417
Balance sheet total
€1.8m
2024 · €1.8m+€36,418
Largest movements
Assets
- Current investments +€34,426
up €34,426 (+3.5%), from €994,290 to €1.0m
Equity and liabilities
- Other debts +€96,858
up €96,858 (+24.0%), from €402,854 to €499,712
- Reserves -€58,181
down €58,181 (-5.1%), from €1.1m to €1.1m
of which Distributable reserves: -€47,616
Income statement
- Financial income -€24,513
down €24,513 (-48.8%), from €50,193 to €25,680
- Financial charges +€15,322
up €15,322 (+60.0%), from €25,545 to €40,868
- Depreciation +€7,515
up €7,515 (+20.1%), from €37,474 to €44,990
- Taxes -€5,599
down €5,599 (-33.3%), from €16,791 to €11,192
- Gross operating margin -€1,806
down €1,806 (-1.8%), from €98,352 to €96,546
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.
Result 2024
€57,651
Gross operating margin
-€1,806
Depreciation
-€7,515
Other operating charges
+€1,086
Financial income
-€24,513
Financial charges
-€15,322
Taxes
+€5,599
Result 2025
€15,178
raises the resultlowers the result
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.
From operations
+€153,202
Investment
-€82,260
Financing
-€73,359
Cash 2024
€140,525
From operations (derived)
+€153,202
Net result for the year
+€15,178
Depreciation
+€44,990
Receivables within one year
-€7,830
Deferred charges and accrued income
+€6,265
Provisions
-€3,522
Trade debts
+€2,856
Tax, wage and social debts
+€750
Other debts
+€96,858
Accrued charges and deferred income
-€2,343
Investment (derived)
-€82,260
Investment in fixed assets (net)
-€47,834
Current investments
-€34,426
Financing
-€73,359
Contributions, distributions and other
-€73,359
Cash 2025
€138,108
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,778,074 | €1,814,493 | +€36,418 | +2.0% |
| Fixed assets | 21/28 | €614,273 | €617,117 | +€2,845 | +0.5% |
| Tangible fixed assets | 22/27 | €614,273 | €617,117 | +€2,845 | +0.5% |
| Land and buildings | 22 | €578,713 | €586,758 | +€8,044 | +1.4% |
| Furniture and vehicles | 24 | €35,559 | €30,360 | -€5,200 | -14.6% |
| Current assets | 29/58 | €1,163,802 | €1,197,376 | +€33,574 | +2.9% |
| Amounts receivable within one year | 40/41 | €11,474 | €19,303 | +€7,830 | +68.2% |
| Trade receivables | 40 | €9,724 | €14,333 | +€4,610 | +47.4% |
| Other amounts receivable | 41 | €1,750 | €4,970 | +€3,220 | +184% |
| Current investments | 50/53 | €994,290 | €1,028,716 | +€34,426 | +3.5% |
| Cash at bank and in hand | 54/58 | €140,525 | €138,108 | -€2,417 | -1.7% |
| Deferred charges and accrued income | 490/1 | €17,513 | €11,248 | -€6,265 | -35.8% |
| Total equity and liabilities | 10/49 | €1,778,074 | €1,814,493 | +€36,418 | +2.0% |
| Equity | 10/15 | €1,295,410 | €1,237,229 | -€58,181 | -4.5% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Capital | 10 | €154,000 | €154,000 | = | 0.0% |
| Issued capital | 100 | €154,000 | €154,000 | = | 0.0% |
| Reserves | 13 | €1,141,410 | €1,083,229 | -€58,181 | -5.1% |
| Non-distributable reserves | 130/1 | €17,816 | €17,816 | = | 0.0% |
| Legal reserve | 130 | €15,400 | €15,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,416 | €2,416 | = | 0.0% |
| Tax-exempt reserves | 132 | €138,611 | €128,046 | -€10,565 | -7.6% |
| Distributable reserves | 133 | €984,984 | €937,368 | -€47,616 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €46,204 | €42,682 | -€3,522 | -7.6% |
| Deferred taxes | 168 | €46,204 | €42,682 | -€3,522 | -7.6% |
| Amounts payable | 17/49 | €436,460 | €534,581 | +€98,121 | +22.5% |
| Amounts payable within one year | 42/48 | €404,740 | €505,205 | +€100,465 | +24.8% |
| Trade debts | 44 | €689 | €3,545 | +€2,856 | +415% |
| Suppliers | 440/4 | €689 | €3,545 | +€2,856 | +415% |
| Taxes, remuneration and social security | 45 | €1,198 | €1,948 | +€750 | +62.7% |
| Taxes | 450/3 | €1,198 | €1,948 | +€750 | +62.7% |
| Other amounts payable | 47/48 | €402,854 | €499,712 | +€96,858 | +24.0% |
| Accrued charges and deferred income | 492/3 | €31,720 | €29,377 | -€2,343 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,474 | €44,990 | +€7,515 | +20.1% |
| Other operating charges | 640/8 | €14,605 | €13,520 | -€1,086 | -7.4% |
| Gross operating margin | 9900 | €98,352 | €96,546 | -€1,806 | -1.8% |
| Operating profit (loss) | 9901 | €46,272 | €38,036 | -€8,236 | -17.8% |
| Financial income | 75/76B | €50,193 | €25,680 | -€24,513 | -48.8% |
| Recurring financial income | 75 | €50,193 | €25,680 | -€24,513 | -48.8% |
| Financial charges | 65/66B | €25,545 | €40,868 | +€15,322 | +60.0% |
| Recurring financial charges | 65 | €25,545 | €40,868 | +€15,322 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €70,920 | €22,849 | -€48,072 | -67.8% |
| Transfer from deferred taxes | 780 | €3,522 | €3,522 | = | 0.0% |
| Income taxes | 67/77 | €16,791 | €11,192 | -€5,599 | -33.3% |
| Profit (loss) for the period | 9904 | €57,651 | €15,178 | -€42,473 | -73.7% |
| Transfer from tax-exempt reserves | 789 | €10,565 | €10,565 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,216 | €25,743 | -€42,473 | -62.3% |
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 18 October 2026 via checked.be.