IMMO MOUSCRONNOISE: 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 MOUSCRONNOISE
Largest movements
- Tangible fixed assets +€61,310
up €61,310 (+12.9%), from €473,484 to €534,795
of which Land and buildings: +€57,698
- Receivables within one year -€9,600
down €9,600 (-18.8%), from €51,000 to €41,400
- Trade debts +€57,305
up €57,305 (+121%), from €47,455 to €104,760
- Other debts +€23,981
up €23,981 (+13.2%), from €181,036 to €205,017
- Debts after one year -€13,712
down €13,712 (-10.2%), from €133,892 to €120,180
of which Financial debts: -€13,712
- Current portion of long-term debt -€6,610
down €6,610 (-19.4%), from €34,065 to €27,455
- Financial charges +€6,266
up €6,266 (+135%), from €4,634 to €10,901
- Depreciation +€6,059
up €6,059 (+21.1%), from €28,751 to €34,810
- Other operating charges -€1,939
down €1,939 (-13.2%), from €14,665 to €12,726
- Taxes -€1,158
down €1,158 (-100.0%), from €1,158 to €0
- Gross operating margin +€1,000
up €1,000 (+1.9%), from €52,790 to €53,790
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 | €530,599 | €587,514 | +€56,915 | +10.7% |
| Fixed assets | 21/28 | €473,484 | €534,795 | +€61,310 | +12.9% |
| Tangible fixed assets | 22/27 | €473,484 | €534,795 | +€61,310 | +12.9% |
| Land and buildings | 22 | €419,538 | €477,236 | +€57,698 | +13.8% |
| Plant, machinery and equipment | 23 | €53,946 | €44,958 | -€8,988 | -16.7% |
| Furniture and vehicles | 24 | - | €12,600 | +€12,600 | |
| Current assets | 29/58 | €57,115 | €52,719 | -€4,396 | -7.7% |
| Amounts receivable within one year | 40/41 | €51,000 | €41,400 | -€9,600 | -18.8% |
| Other amounts receivable | 41 | €51,000 | €41,400 | -€9,600 | -18.8% |
| Cash at bank and in hand | 54/58 | €6,115 | €11,319 | +€5,204 | +85.1% |
| Total equity and liabilities | 10/49 | €530,599 | €587,514 | +€56,915 | +10.7% |
| Equity | 10/15 | €104,318 | €100,893 | -€3,425 | -3.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €85,633 | €83,566 | -€2,067 | -2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,773 | €81,706 | -€2,067 | -2.5% |
| Profit (loss) carried forward | 14 | €12,488 | €11,130 | -€1,358 | -10.9% |
| Provisions and deferred taxes | 16 | €28,675 | €27,611 | -€1,064 | -3.7% |
| Deferred taxes | 168 | €28,675 | €27,611 | -€1,064 | -3.7% |
| Amounts payable | 17/49 | €397,606 | €459,009 | +€61,404 | +15.4% |
| Amounts payable after more than one year | 17 | €133,892 | €120,180 | -€13,712 | -10.2% |
| Financial debts | 170/4 | €118,134 | €104,422 | -€13,712 | -11.6% |
| Other amounts payable | 178/9 | €15,758 | €15,758 | = | 0.0% |
| Amounts payable within one year | 42/48 | €263,713 | €338,390 | +€74,676 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €34,065 | €27,455 | -€6,610 | -19.4% |
| Trade debts | 44 | €47,455 | €104,760 | +€57,305 | +121% |
| Suppliers | 440/4 | €47,455 | €104,760 | +€57,305 | +121% |
| Taxes, remuneration and social security | 45 | €1,158 | €1,158 | = | 0.0% |
| Taxes | 450/3 | €1,158 | €1,158 | = | 0.0% |
| Other amounts payable | 47/48 | €181,036 | €205,017 | +€23,981 | +13.2% |
| Accrued charges and deferred income | 492/3 | - | €439 | +€439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,751 | €34,810 | +€6,059 | +21.1% |
| Other operating charges | 640/8 | €14,665 | €12,726 | -€1,939 | -13.2% |
| Gross operating margin | 9900 | €52,790 | €53,790 | +€1,000 | +1.9% |
| Operating profit (loss) | 9901 | €9,374 | €6,254 | -€3,120 | -33.3% |
| Financial income | 75/76B | €48 | €157 | +€110 | +228% |
| Recurring financial income | 75 | €48 | €157 | +€110 | +228% |
| Financial charges | 65/66B | €4,634 | €10,901 | +€6,266 | +135% |
| Recurring financial charges | 65 | €4,634 | €10,901 | +€6,266 | +135% |
| Profit (loss) for the period before taxes | 9903 | €4,787 | -€4,489 | -€9,276 | |
| Transfer from deferred taxes | 780 | €1,064 | €1,064 | = | 0.0% |
| Income taxes | 67/77 | €1,158 | €0 | -€1,158 | -100.0% |
| Profit (loss) for the period | 9904 | €4,694 | -€3,425 | -€8,118 | |
| Transfer from tax-exempt reserves | 789 | €2,067 | €2,067 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,760 | -€1,358 | -€8,118 |
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 24 October 2026 via checked.be.