IMMO SELECTION: 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.
IMMO SELECTION
Largest movements
- Tangible fixed assets -€17,409
down €17,409 (-10.0%), from €173,700 to €156,291
of which Land and buildings: -€11,938
- Receivables within one year -€9,686
down €9,686 (-28.7%), from €33,800 to €24,115
- Deferred charges and accrued income +€8,380
new in 2024: €8,380
- Debts after one year -€16,679
down €16,679 (-17.1%), from €97,404 to €80,725
- Trade debts -€4,262
down €4,262 (-15.5%), from €27,457 to €23,195
- Short-term financial debts +€2,169
up €2,169 (+76.6%), from €2,831 to €5,000
- Gross operating margin +€24,084
up €24,084 (+592.5%), from €4,065 to €28,149
- Other operating charges +€2,799
up €2,799 (+54.9%), from €5,098 to €7,897
- Depreciation -€638
down €638 (-3.5%), from €18,048 to €17,409
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,500 | €188,785 | -€18,715 | -9.0% |
| Fixed assets | 21/28 | €173,700 | €156,291 | -€17,409 | -10.0% |
| Tangible fixed assets | 22/27 | €173,700 | €156,291 | -€17,409 | -10.0% |
| Land and buildings | 22 | €135,620 | €123,682 | -€11,938 | -8.8% |
| Plant, machinery and equipment | 23 | €552 | €442 | -€110 | -20.0% |
| Assets under construction and advance payments | 27 | €37,528 | €32,167 | -€5,361 | -14.3% |
| Current assets | 29/58 | €33,800 | €32,495 | -€1,306 | -3.9% |
| Amounts receivable within one year | 40/41 | €33,800 | €24,115 | -€9,686 | -28.7% |
| Other amounts receivable | 41 | €33,800 | €24,115 | -€9,686 | -28.7% |
| Deferred charges and accrued income | 490/1 | - | €8,380 | +€8,380 | |
| Total equity and liabilities | 10/49 | €207,500 | €188,785 | -€18,715 | -9.0% |
| Equity | 10/15 | €57,070 | €56,054 | -€1,015 | -1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €39,815 | €39,815 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,815 | €2,815 | = | 0.0% |
| Legal reserve | 130 | €2,815 | €2,815 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,745 | -€45,761 | -€1,015 | -2.3% |
| Amounts payable | 17/49 | €150,430 | €132,731 | -€17,700 | -11.8% |
| Amounts payable after more than one year | 17 | €97,404 | €80,725 | -€16,679 | -17.1% |
| Financial debts | 170/4 | €97,404 | €80,725 | -€16,679 | -17.1% |
| Amounts payable within one year | 42/48 | €53,026 | €52,005 | -€1,021 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €19,410 | €20,311 | +€901 | +4.6% |
| Financial debts | 43 | €2,831 | €5,000 | +€2,169 | +76.6% |
| Credit institutions | 430/8 | €2,831 | €5,000 | +€2,169 | +76.6% |
| Trade debts | 44 | €27,457 | €23,195 | -€4,262 | -15.5% |
| Suppliers | 440/4 | €27,457 | €23,195 | -€4,262 | -15.5% |
| Taxes, remuneration and social security | 45 | €59 | - | -€59 | |
| Taxes | 450/3 | €59 | - | -€59 | |
| Other amounts payable | 47/48 | €3,268 | €3,499 | +€231 | +7.1% |
| Non-recurring operating income | 76A | - | €4,098 | +€4,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,048 | €17,409 | -€638 | -3.5% |
| Other operating charges | 640/8 | €5,098 | €7,897 | +€2,799 | +54.9% |
| Gross operating margin | 9900 | €4,065 | €28,149 | +€24,084 | +592.5% |
| Operating profit (loss) | 9901 | -€19,081 | €2,843 | +€21,924 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,120 | €3,860 | -€261 | -6.3% |
| Recurring financial charges | 65 | €3,987 | €3,860 | -€128 | -3.2% |
| Non-recurring financial charges | 66B | €133 | - | -€133 | |
| Profit (loss) for the period before taxes | 9903 | -€23,201 | -€1,015 | +€22,186 | +95.6% |
| Income taxes | 67/77 | €59 | - | -€59 | |
| Profit (loss) for the period | 9904 | -€23,260 | -€1,015 | +€22,245 | +95.6% |
| Transfer from tax-exempt reserves | 789 | €65 | - | -€65 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,196 | -€1,015 | +€22,180 | +95.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.