IMMO NOUWYNCK: 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 NOUWYNCK
Largest movements
- Cash +€37,180
up €37,180 (+40.0%), from €92,885 to €130,065
mainly Net result for the year (+€50,404) and Depreciation (+€15,606)
- Tangible fixed assets -€15,606
down €15,606 (-5.7%), from €272,179 to €256,573
- Reserves +€50,404
up €50,404 (+34.9%), from €144,359 to €194,763
- Debts after one year -€30,000
down €30,000 (-16.2%), from €185,000 to €155,000
- Other debts +€5,298
up €5,298 (+26.7%), from €19,843 to €25,141
- Gross operating margin +€19,420
up €19,420 (+26.8%), from €72,357 to €91,777
- Taxes +€6,077
up €6,077 (+34.8%), from €17,456 to €23,533
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,835 | €397,373 | +€23,538 | +6.3% |
| Fixed assets | 21/28 | €272,179 | €256,573 | -€15,606 | -5.7% |
| Tangible fixed assets | 22/27 | €272,179 | €256,573 | -€15,606 | -5.7% |
| Land and buildings | 22 | €272,179 | €256,573 | -€15,606 | -5.7% |
| Current assets | 29/58 | €101,656 | €140,800 | +€39,144 | +38.5% |
| Amounts receivable within one year | 40/41 | €8,286 | €9,863 | +€1,577 | +19.0% |
| Trade receivables | 40 | €7,260 | €7,260 | = | 0.0% |
| Other amounts receivable | 41 | €1,026 | €2,603 | +€1,577 | +154% |
| Cash at bank and in hand | 54/58 | €92,885 | €130,065 | +€37,180 | +40.0% |
| Deferred charges and accrued income | 490/1 | €486 | €872 | +€387 | +79.6% |
| Total equity and liabilities | 10/49 | €373,835 | €397,373 | +€23,538 | +6.3% |
| Equity | 10/15 | €164,472 | €214,876 | +€50,404 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,359 | €194,763 | +€50,404 | +34.9% |
| Distributable reserves | 133 | €144,359 | €194,763 | +€50,404 | +34.9% |
| Profit (loss) carried forward | 14 | €1,512 | €1,512 | = | 0.0% |
| Amounts payable | 17/49 | €209,364 | €182,497 | -€26,867 | -12.8% |
| Amounts payable after more than one year | 17 | €185,000 | €155,000 | -€30,000 | -16.2% |
| Other amounts payable | 178/9 | €185,000 | €155,000 | -€30,000 | -16.2% |
| Amounts payable within one year | 42/48 | €24,064 | €27,197 | +€3,133 | +13.0% |
| Trade debts | 44 | €1,255 | €1,965 | +€710 | +56.6% |
| Suppliers | 440/4 | €1,255 | €1,965 | +€710 | +56.6% |
| Taxes, remuneration and social security | 45 | €2,965 | €90 | -€2,875 | -97.0% |
| Taxes | 450/3 | €2,965 | €90 | -€2,875 | -97.0% |
| Other amounts payable | 47/48 | €19,843 | €25,141 | +€5,298 | +26.7% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,606 | €15,606 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,870 | €1,925 | +€55 | +3.0% |
| Gross operating margin | 9900 | €72,357 | €91,777 | +€19,420 | +26.8% |
| Operating profit (loss) | 9901 | €54,881 | €74,245 | +€19,364 | +35.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €237 | €308 | +€70 | +29.6% |
| Recurring financial charges | 65 | €237 | €308 | +€70 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €54,644 | €73,938 | +€19,294 | +35.3% |
| Income taxes | 67/77 | €17,456 | €23,533 | +€6,077 | +34.8% |
| Profit (loss) for the period | 9904 | €37,188 | €50,404 | +€13,217 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,188 | €50,404 | +€13,217 | +35.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.