IMMO RETRABOUW: 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 RETRABOUW
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €446,117+€867,088
Equity
€9.5m
2024 · €8.2m+€1.3m
Cash
€173,751
2024 · €112,258+€61,493
Balance sheet total
€16.4m
2024 · €15.3m+€1.1m
Largest movements
Assets
- Stocks and contracts +€680,894
up €680,894 (+4.5%), from €15.0m to €15.7m
- Current investments +€171,576
up €171,576 (+40,223%), from €427 to €172,002
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+16.0%), from €8.2m to €9.5m
of which Distributable reserves: +€1.3m
- Other debts -€241,375
down €241,375 (-100%), from €241,375 to €0
Income statement
- Gross operating margin +€1.2m
up €1.2m (+136%), from €866,250 to €2.0m
- Taxes +€298,287
up €298,287 (+201%), from €148,723 to €447,010
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
€446,117
Gross operating margin
+€1.2m
Other operating charges
-€11,947
Financial income
-€94
Financial charges
-€2,815
Taxes
-€298,287
Result 2025
€1.3m
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
+€235,474
Investment
-€171,576
Financing
-€2,406
Cash 2024
€112,258
From operations (derived)
+€235,474
Net result for the year
+€1.3m
Stocks and contracts
-€680,894
Receivables within one year
-€137,191
Smaller working-capital items
+€5,591
Trade debts
-€23,861
Other debts
-€241,375
Investment (derived)
-€171,576
Current investments
-€171,576
Financing
-€2,406
Debts after one year
-€2,246
Short-term financial debts
-€160
Cash 2025
€173,751
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,318,987 | €16,370,492 | +€1.1m | +6.9% |
| Fixed assets | 21/28 | €50,775 | €50,775 | = | 0.0% |
| Financial fixed assets | 28 | €50,775 | €50,775 | = | 0.0% |
| Current assets | 29/58 | €15,268,212 | €16,319,717 | +€1.1m | +6.9% |
| Stocks and contracts in progress | 3 | €14,972,586 | €15,653,480 | +€680,894 | +4.5% |
| Stocks | 30/36 | €14,972,586 | €15,653,480 | +€680,894 | +4.5% |
| Amounts receivable within one year | 40/41 | €179,940 | €317,131 | +€137,191 | +76.2% |
| Trade receivables | 40 | €29,592 | €35,286 | +€5,694 | +19.2% |
| Other amounts receivable | 41 | €150,348 | €281,846 | +€131,497 | +87.5% |
| Current investments | 50/53 | €427 | €172,002 | +€171,576 | +40,223% |
| Cash at bank and in hand | 54/58 | €112,258 | €173,751 | +€61,493 | +54.8% |
| Deferred charges and accrued income | 490/1 | €3,001 | €3,353 | +€352 | +11.7% |
| Total equity and liabilities | 10/49 | €15,318,987 | €16,370,492 | +€1.1m | +6.9% |
| Equity | 10/15 | €8,216,752 | €9,529,957 | +€1.3m | +16.0% |
| Contributions | 10/11 | €21,100 | €21,100 | = | 0.0% |
| Reserves | 13 | €8,195,652 | €9,508,857 | +€1.3m | +16.0% |
| Non-distributable reserves | 130/1 | €2,110 | €2,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,110 | €2,110 | = | 0.0% |
| Distributable reserves | 133 | €8,193,542 | €9,506,747 | +€1.3m | +16.0% |
| Amounts payable | 17/49 | €7,102,235 | €6,840,535 | -€261,700 | -3.7% |
| Amounts payable after more than one year | 17 | €6,552,234 | €6,549,989 | -€2,246 | 0.0% |
| Other amounts payable | 178/9 | €6,552,234 | €6,549,989 | -€2,246 | 0.0% |
| Amounts payable within one year | 42/48 | €550,001 | €289,456 | -€260,544 | -47.4% |
| Financial debts | 43 | €250,768 | €250,608 | -€160 | -0.1% |
| Credit institutions | 430/8 | €250,768 | €250,608 | -€160 | -0.1% |
| Trade debts | 44 | €27,358 | €3,497 | -€23,861 | -87.2% |
| Suppliers | 440/4 | €27,358 | €3,497 | -€23,861 | -87.2% |
| Advances received on contracts in progress | 46 | €30,500 | €33,665 | +€3,165 | +10.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,687 | +€1,687 | |
| Taxes | 450/3 | €0 | €1,687 | +€1,687 | |
| Other amounts payable | 47/48 | €241,375 | €0 | -€241,375 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,090 | +€1,090 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €270,053 | €282,000 | +€11,947 | +4.4% |
| Gross operating margin | 9900 | €866,250 | €2,046,482 | +€1.2m | +136% |
| Operating profit (loss) | 9901 | €596,197 | €1,764,482 | +€1.2m | +196% |
| Financial income | 75/76B | €95 | €0 | -€94 | -99.9% |
| Recurring financial income | 75 | €95 | €0 | -€94 | -99.9% |
| Financial charges | 65/66B | €1,451 | €4,267 | +€2,815 | +194% |
| Recurring financial charges | 65 | €1,451 | €4,267 | +€2,815 | +194% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €594,840 | €1,760,215 | +€1.2m | +196% |
| Income taxes | 67/77 | €148,723 | €447,010 | +€298,287 | +201% |
| Profit (loss) for the period | 9904 | €446,117 | €1,313,205 | +€867,088 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €446,117 | €1,313,205 | +€867,088 | +194% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.