IMMO ROC: 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 ROC
NACE 41.001, General construction of residential buildings
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€78,709
2022 · €56,614+€22,096
Equity
€572,083
2022 · €493,348+€78,735
Cash
€94,770
2022 · €89,292+€5,478
Balance sheet total
€2.0m
2022 · €1.1m+€910,159
Largest movements
Assets
- Tangible fixed assets +€727,931
up €727,931 (+159%), from €456,448 to €1.2m
of which Land and buildings: +€730,995
- Receivables within one year +€209,810
up €209,810 (+51.1%), from €410,607 to €620,417
of which Other amounts receivable: +€110,940
- Stocks and contracts -€33,136
down €33,136 (-32.6%), from €101,566 to €68,430
of which Stocks: -€33,136
Equity and liabilities
- Debts after one year +€744,609
up €744,609 (+478%), from €155,934 to €900,543
of which Financial debts: +€588,609
- Trade debts +€95,048
up €95,048 (+91.1%), from €104,290 to €199,338
- Advances received -€69,811
down €69,811 (-100%), from €69,811 to €0
- Current portion of long-term debt +€43,561
up €43,561 (+116%), from €37,566 to €81,127
- Profit (loss) carried forward +€39,547
up €39,547 (+33.2%), from €119,185 to €158,732
Income statement
- Gross operating margin +€185,363
up €185,363 (+106%), from €175,150 to €360,512
- Turnover +€117,821
up €117,821 (+12.8%), from €921,926 to €1.0m
- Purchases and services +€117,801
up €117,801 (+21.0%), from €561,434 to €679,235
- Staff costs +€81,826
up €81,826 (+201%), from €40,705 to €122,531
- Other operating charges +€39,257
up €39,257 (+864%), from €4,542 to €43,800
From the 2022 result to the 2023 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 2022
€56,614
Gross operating margin
+€185,363
Staff costs
-€81,826
Depreciation
-€28,496
Other operating charges
-€39,257
Other operating items
-€84
Financial income
-€1,090
Financial charges
-€3,859
Taxes
-€8,655
Result 2023
€78,709
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€15,844
Investment
-€798,561
Financing
+€788,195
Cash 2022
€89,292
From operations (derived)
+€15,844
Net result for the year
+€78,709
Depreciation
+€70,631
Stocks and contracts
+€33,136
Receivables within one year
-€209,810
Smaller working-capital items
+€1,253
Trade debts
+€95,048
Tax, wage and social debts
+€8,419
Advances received
-€69,811
Other debts
+€8,269
Investment (derived)
-€798,561
Investment in fixed assets (net)
-€798,561
Financing
+€788,195
Debts after one year
+€744,609
Current portion of long-term debt
+€43,561
Contributions, distributions and other
+€25
Cash 2023
€94,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,073,676 | €1,983,835 | +€910,159 | +84.8% |
| Fixed assets | 21/28 | €468,998 | €1,196,929 | +€727,931 | +155% |
| Tangible fixed assets | 22/27 | €456,448 | €1,184,379 | +€727,931 | +159% |
| Land and buildings | 22 | €388,304 | €1,119,299 | +€730,995 | +188% |
| Plant, machinery and equipment | 23 | €6,157 | €5,107 | -€1,049 | -17.0% |
| Furniture and vehicles | 24 | €61,987 | €59,973 | -€2,015 | -3.3% |
| Financial fixed assets | 28 | €12,550 | €12,550 | = | 0.0% |
| Current assets | 29/58 | €604,678 | €786,906 | +€182,228 | +30.1% |
| Stocks and contracts in progress | 3 | €101,566 | €68,430 | -€33,136 | -32.6% |
| Stocks | 30/36 | €101,566 | €68,430 | -€33,136 | -32.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €410,607 | €620,417 | +€209,810 | +51.1% |
| Trade receivables | 40 | €269,147 | €368,017 | +€98,870 | +36.7% |
| Other amounts receivable | 41 | €141,460 | €252,400 | +€110,940 | +78.4% |
| Cash at bank and in hand | 54/58 | €89,292 | €94,770 | +€5,478 | +6.1% |
| Deferred charges and accrued income | 490/1 | €3,213 | €3,289 | +€77 | +2.4% |
| Total equity and liabilities | 10/49 | €1,073,676 | €1,983,835 | +€910,159 | +84.8% |
| Equity | 10/15 | €493,348 | €572,083 | +€78,735 | +16.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €355,163 | €394,350 | +€39,188 | +11.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,925 | +€25 | +1.3% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Other | 1319 | - | €25 | +€25 | |
| Tax-exempt reserves | 132 | €43,263 | €82,425 | +€39,162 | +90.5% |
| Distributable reserves | 133 | €310,000 | €310,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,185 | €158,732 | +€39,547 | +33.2% |
| Amounts payable | 17/49 | €580,328 | €1,411,753 | +€831,425 | +143% |
| Amounts payable after more than one year | 17 | €155,934 | €900,543 | +€744,609 | +478% |
| Financial debts | 170/4 | €155,934 | €744,543 | +€588,609 | +377% |
| Other amounts payable | 178/9 | - | €156,000 | +€156,000 | |
| Amounts payable within one year | 42/48 | €424,394 | €509,880 | +€85,486 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €37,566 | €81,127 | +€43,561 | +116% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €104,290 | €199,338 | +€95,048 | +91.1% |
| Suppliers | 440/4 | €104,290 | €199,338 | +€95,048 | +91.1% |
| Advances received on contracts in progress | 46 | €69,811 | €0 | -€69,811 | -100% |
| Taxes, remuneration and social security | 45 | €26,843 | €35,262 | +€8,419 | +31.4% |
| Taxes | 450/3 | €21,300 | €22,470 | +€1,171 | +5.5% |
| Remuneration and social security | 454/9 | €5,544 | €12,791 | +€7,248 | +131% |
| Other amounts payable | 47/48 | €85,884 | €94,153 | +€8,269 | +9.6% |
| Accrued charges and deferred income | 492/3 | - | €1,330 | +€1,330 | |
| Turnover | 70 | €921,926 | €1,039,747 | +€117,821 | +12.8% |
| Non-recurring operating income | 76A | €0 | €0 | +€0 | |
| Goods, raw materials, services and sundry goods | 60/61 | €561,434 | €679,235 | +€117,801 | +21.0% |
| Remuneration, social security and pensions | 62 | €40,705 | €122,531 | +€81,826 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,135 | €70,631 | +€28,496 | +67.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,542 | €43,800 | +€39,257 | +864% |
| Non-recurring operating charges | 66A | €887 | €971 | +€84 | +9.5% |
| Gross operating margin | 9900 | €175,150 | €360,512 | +€185,363 | +106% |
| Operating profit (loss) | 9901 | €86,881 | €122,581 | +€35,700 | +41.1% |
| Financial income | 75/76B | €1,979 | €888 | -€1,090 | -55.1% |
| Recurring financial income | 75 | €1,979 | €888 | -€1,090 | -55.1% |
| Financial charges | 65/66B | €13,200 | €17,059 | +€3,859 | +29.2% |
| Recurring financial charges | 65 | €13,200 | €17,059 | +€3,859 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €75,660 | €106,410 | +€30,750 | +40.6% |
| Income taxes | 67/77 | €19,046 | €27,701 | +€8,655 | +45.4% |
| Profit (loss) for the period | 9904 | €56,614 | €78,709 | +€22,096 | +39.0% |
| Transfer to tax-exempt reserves | 689 | - | €39,162 | +€39,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,614 | €39,547 | -€17,067 | -30.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.