IMMO - PRECON: 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.
What changed
IMMO - PRECON
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€214,870
2024 · €313,118-€527,989
Equity
€1.3m
2024 · €1.5m-€214,870
Cash
€37,365
2024 · €74,134-€36,769
Balance sheet total
€9.3m
2024 · €8.8m+€493,032
Largest movements
Assets
- Stocks and contracts +€911,869
up €911,869 (+14.8%), from €6.2m to €7.1m
of which Stocks: +€923,050
- Receivables within one year -€323,844
down €323,844 (-40.9%), from €791,782 to €467,938
of which Trade receivables: -€249,217
Equity and liabilities
- Advances received +€800,000
up €800,000 (+82.0%), from €976,081 to €1.8m
- Trade debts +€722,967
up €722,967 (+360.3%), from €200,677 to €923,644
- Other debts -€515,370
down €515,370 (-29.5%), from €1.7m to €1.2m
- Short-term financial debts -€256,143
down €256,143 (-8.8%), from €2.9m to €2.7m
- Reserves -€214,870
down €214,870 (-15.5%), from €1.4m to €1.2m
of which Distributable reserves: -€194,108
Income statement
- Gross operating margin -€612,987
down €612,987 (-86.0%), from €712,972 to €99,985
- Taxes -€108,665
down €108,665 (-99.4%), from €109,361 to €696
- Depreciation +€54,488
up €54,488 (+65.4%), from €83,314 to €137,802
- Financial charges -€28,111
down €28,111 (-14.1%), from €199,477 to €171,366
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
€313,118
Gross operating margin
-€612,987
Depreciation
-€54,488
Other operating charges
+€367
Financial income
+€2,345
Financial charges
+€28,111
Taxes
+€108,665
Result 2025
-€214,870
Cash bridge derived
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
+€215,265
Investment
-€55,719
Financing
-€196,315
Cash 2024
€74,134
From operations (derived)
+€215,265
Net result for the year
-€214,870
Depreciation
+€137,802
Stocks and contracts
-€911,869
Receivables within one year
+€323,844
Deferred charges and accrued income
-€23,860
Provisions
-€6,921
Trade debts
+€722,967
Tax, wage and social debts
-€129,915
Advances received
+€800,000
Other debts
-€515,370
Accrued charges and deferred income
+€33,456
Investment (derived)
-€55,719
Investment in fixed assets (net)
-€55,719
Financing
-€196,315
Debts after one year
+€50,992
Current portion of long-term debt
+€8,836
Short-term financial debts
-€256,143
Cash 2025
€37,365
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,822,791 | €9,315,823 | +€493,032 | +5.6% |
| Fixed assets | 21/28 | €1,789,149 | €1,707,066 | -€82,084 | -4.6% |
| Tangible fixed assets | 22/27 | €1,781,649 | €1,699,566 | -€82,084 | -4.6% |
| Land and buildings | 22 | €1,556,314 | €1,512,643 | -€43,670 | -2.8% |
| Furniture and vehicles | 24 | €225,336 | €186,922 | -€38,413 | -17.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €7,033,642 | €7,608,758 | +€575,116 | +8.2% |
| Stocks and contracts in progress | 3 | €6,151,994 | €7,063,863 | +€911,869 | +14.8% |
| Stocks | 30/36 | €6,140,813 | €7,063,863 | +€923,050 | +15.0% |
| Contracts in progress | 37 | €11,181 | €0 | -€11,181 | -100.0% |
| Amounts receivable within one year | 40/41 | €791,782 | €467,938 | -€323,844 | -40.9% |
| Trade receivables | 40 | €305,435 | €56,218 | -€249,217 | -81.6% |
| Other amounts receivable | 41 | €486,347 | €411,720 | -€74,627 | -15.3% |
| Cash at bank and in hand | 54/58 | €74,134 | €37,365 | -€36,769 | -49.6% |
| Deferred charges and accrued income | 490/1 | €15,732 | €39,591 | +€23,860 | +151.7% |
| Total equity and liabilities | 10/49 | €8,822,791 | €9,315,823 | +€493,032 | +5.6% |
| Equity | 10/15 | €1,541,088 | €1,326,218 | -€214,870 | -13.9% |
| Contributions | 10/11 | €141,299 | €141,299 | = | 0.0% |
| Revaluation surpluses | 12 | €10,749 | €10,749 | = | 0.0% |
| Reserves | 13 | €1,389,040 | €1,174,169 | -€214,870 | -15.5% |
| Non-distributable reserves | 130/1 | €14,130 | €14,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,130 | €14,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €370,318 | €349,556 | -€20,762 | -5.6% |
| Distributable reserves | 133 | €1,004,591 | €810,483 | -€194,108 | -19.3% |
| Provisions and deferred taxes | 16 | €123,439 | €116,519 | -€6,921 | -5.6% |
| Deferred taxes | 168 | €123,439 | €116,519 | -€6,921 | -5.6% |
| Amounts payable | 17/49 | €7,158,264 | €7,873,087 | +€714,823 | +10.0% |
| Amounts payable after more than one year | 17 | €968,902 | €1,019,894 | +€50,992 | +5.3% |
| Financial debts | 170/4 | €968,902 | €1,019,894 | +€50,992 | +5.3% |
| Amounts payable within one year | 42/48 | €6,070,794 | €6,701,169 | +€630,375 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €89,130 | €97,965 | +€8,836 | +9.9% |
| Financial debts | 43 | €2,924,893 | €2,668,750 | -€256,143 | -8.8% |
| Credit institutions | 430/8 | €2,924,893 | €2,668,750 | -€256,143 | -8.8% |
| Trade debts | 44 | €200,677 | €923,644 | +€722,967 | +360.3% |
| Suppliers | 440/4 | €200,677 | €923,644 | +€722,967 | +360.3% |
| Advances received on contracts in progress | 46 | €976,081 | €1,776,081 | +€800,000 | +82.0% |
| Taxes, remuneration and social security | 45 | €132,419 | €2,504 | -€129,915 | -98.1% |
| Taxes | 450/3 | €132,419 | €2,504 | -€129,915 | -98.1% |
| Other amounts payable | 47/48 | €1,747,594 | €1,232,224 | -€515,370 | -29.5% |
| Accrued charges and deferred income | 492/3 | €118,568 | €152,024 | +€33,456 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,314 | €137,802 | +€54,488 | +65.4% |
| Other operating charges | 640/8 | €15,242 | €14,875 | -€367 | -2.4% |
| Gross operating margin | 9900 | €712,972 | €99,985 | -€612,987 | -86.0% |
| Operating profit (loss) | 9901 | €614,416 | -€52,693 | -€667,109 | |
| Financial income | 75/76B | €619 | €2,964 | +€2,345 | +378.7% |
| Recurring financial income | 75 | €619 | €2,964 | +€2,345 | +378.7% |
| Financial charges | 65/66B | €199,477 | €171,366 | -€28,111 | -14.1% |
| Recurring financial charges | 65 | €199,477 | €171,366 | -€28,111 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €415,558 | -€221,095 | -€636,653 | |
| Transfer from deferred taxes | 780 | €6,921 | €6,921 | -€0 | 0.0% |
| Income taxes | 67/77 | €109,361 | €696 | -€108,665 | -99.4% |
| Profit (loss) for the period | 9904 | €313,118 | -€214,870 | -€527,989 | |
| Transfer from tax-exempt reserves | 789 | €20,762 | €20,762 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €333,881 | -€194,108 | -€527,989 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.