IMMO RENOVATION PROJECTS: 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 RENOVATION PROJECTS
Largest movements
- Stocks and contracts -€216,749
down €216,749 (-64.3%), from €337,047 to €120,298
- Other debts -€220,000
down €220,000 (-57.8%), from €380,679 to €160,679
- Profit (loss) carried forward +€3,715
up €3,715 (+10.9%), from -€34,193 to -€30,479
- Gross operating margin -€47,714
down €47,714 (-84.9%), from €56,174 to €8,460
- Financial charges -€3,566
down €3,566 (-93.1%), from €3,828 to €262
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,633 | €135,756 | -€214,877 | -61.3% |
| Formation expenses | 20 | €74 | - | -€74 | |
| Current assets | 29/58 | €350,559 | €135,756 | -€214,804 | -61.3% |
| Stocks and contracts in progress | 3 | €337,047 | €120,298 | -€216,749 | -64.3% |
| Stocks | 30/36 | €337,047 | €120,298 | -€216,749 | -64.3% |
| Cash at bank and in hand | 54/58 | €12,556 | €14,990 | +€2,435 | +19.4% |
| Deferred charges and accrued income | 490/1 | €957 | €468 | -€489 | -51.1% |
| Total equity and liabilities | 10/49 | €350,633 | €135,756 | -€214,877 | -61.3% |
| Equity | 10/15 | -€31,693 | -€27,979 | +€3,715 | +11.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,193 | -€30,479 | +€3,715 | +10.9% |
| Amounts payable | 17/49 | €382,326 | €163,734 | -€218,592 | -57.2% |
| Amounts payable within one year | 42/48 | €382,326 | €163,734 | -€218,592 | -57.2% |
| Trade debts | 44 | €1,489 | - | -€1,489 | |
| Suppliers | 440/4 | €1,489 | - | -€1,489 | |
| Taxes, remuneration and social security | 45 | €158 | €3,055 | +€2,897 | +1835.9% |
| Taxes | 450/3 | €158 | €3,055 | +€2,897 | +1835.9% |
| Other amounts payable | 47/48 | €380,679 | €160,679 | -€220,000 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €74 | -€416 | -84.9% |
| Other operating charges | 640/8 | €4,010 | €4,409 | +€399 | +9.9% |
| Gross operating margin | 9900 | €56,174 | €8,460 | -€47,714 | -84.9% |
| Operating profit (loss) | 9901 | €51,674 | €3,977 | -€47,697 | -92.3% |
| Financial charges | 65/66B | €3,828 | €262 | -€3,566 | -93.1% |
| Recurring financial charges | 65 | €3,828 | €262 | -€3,566 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €47,845 | €3,715 | -€44,131 | -92.2% |
| Profit (loss) for the period | 9904 | €47,845 | €3,715 | -€44,131 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,845 | €3,715 | -€44,131 | -92.2% |
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 11 October 2026 via checked.be.