IMMO SOURCES: 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 SOURCES
Largest movements
- Tangible fixed assets -€67,999
down €67,999 (-4.2%), from €1.6m to €1.5m
of which Land and buildings: -€68,292
- Deferred charges and accrued income +€42,331
up €42,331 (+156.0%), from €27,134 to €69,464
- Debts after one year -€219,653
down €219,653 (-18.2%), from €1.2m to €987,338
of which Financial debts: -€148,716
- Other debts +€70,000
up €70,000 (+36.2%), from €193,118 to €263,118
- Profit (loss) carried forward +€50,662
up €50,662 (+15.9%), from €318,033 to €368,695
- Reserves +€50,000
up €50,000 (+10.8%), from €461,665 to €511,665
of which Distributable reserves: +€50,000
- Gross operating margin +€43,933
up €43,933 (+18.1%), from €242,365 to €286,298
- Taxes +€8,868
up €8,868 (+25.7%), from €34,516 to €43,384
- Financial charges +€8,776
up €8,776 (+21.3%), from €41,114 to €49,890
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,506,806 | €2,467,499 | -€39,307 | -1.6% |
| Fixed assets | 21/28 | €2,329,966 | €2,261,968 | -€67,999 | -2.9% |
| Tangible fixed assets | 22/27 | €1,609,246 | €1,541,248 | -€67,999 | -4.2% |
| Land and buildings | 22 | €1,573,849 | €1,505,558 | -€68,292 | -4.3% |
| Plant, machinery and equipment | 23 | €35,397 | €35,690 | +€293 | +0.8% |
| Financial fixed assets | 28 | €720,720 | €720,720 | = | 0.0% |
| Current assets | 29/58 | €176,839 | €205,532 | +€28,692 | +16.2% |
| Amounts receivable within one year | 40/41 | €68,467 | €73,025 | +€4,558 | +6.7% |
| Trade receivables | 40 | €51,985 | €57,025 | +€5,040 | +9.7% |
| Other amounts receivable | 41 | €16,482 | €16,000 | -€482 | -2.9% |
| Cash at bank and in hand | 54/58 | €81,238 | €63,042 | -€18,196 | -22.4% |
| Deferred charges and accrued income | 490/1 | €27,134 | €69,464 | +€42,331 | +156.0% |
| Total equity and liabilities | 10/49 | €2,506,806 | €2,467,499 | -€39,307 | -1.6% |
| Equity | 10/15 | €885,798 | €986,460 | +€100,662 | +11.4% |
| Contributions | 10/11 | €106,100 | €106,100 | = | 0.0% |
| Capital | 10 | €106,100 | €106,100 | = | 0.0% |
| Issued capital | 100 | €106,100 | €106,100 | = | 0.0% |
| Reserves | 13 | €461,665 | €511,665 | +€50,000 | +10.8% |
| Non-distributable reserves | 130/1 | €10,610 | €10,610 | = | 0.0% |
| Legal reserve | 130 | €10,610 | €10,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,055 | €1,055 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Profit (loss) carried forward | 14 | €318,033 | €368,695 | +€50,662 | +15.9% |
| Amounts payable | 17/49 | €1,621,008 | €1,481,039 | -€139,969 | -8.6% |
| Amounts payable after more than one year | 17 | €1,206,991 | €987,338 | -€219,653 | -18.2% |
| Financial debts | 170/4 | €819,794 | €671,078 | -€148,716 | -18.1% |
| Other amounts payable | 178/9 | €387,198 | €316,260 | -€70,938 | -18.3% |
| Amounts payable within one year | 42/48 | €401,639 | €493,701 | +€92,062 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €136,738 | €148,966 | +€12,227 | +8.9% |
| Trade debts | 44 | €1,383 | €1,398 | +€14 | +1.0% |
| Suppliers | 440/4 | €1,383 | €1,398 | +€14 | +1.0% |
| Taxes, remuneration and social security | 45 | €70,400 | €80,220 | +€9,820 | +13.9% |
| Taxes | 450/3 | €67,800 | €80,220 | +€12,420 | +18.3% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €193,118 | €263,118 | +€70,000 | +36.2% |
| Accrued charges and deferred income | 492/3 | €12,377 | - | -€12,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,757 | €75,201 | +€445 | +0.6% |
| Other operating charges | 640/8 | €16,280 | €17,163 | +€884 | +5.4% |
| Gross operating margin | 9900 | €242,365 | €286,298 | +€43,933 | +18.1% |
| Operating profit (loss) | 9901 | €151,329 | €193,934 | +€42,605 | +28.2% |
| Financial income | 75/76B | €2 | €3 | +€1 | +25.0% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +25.0% |
| Financial charges | 65/66B | €41,114 | €49,890 | +€8,776 | +21.3% |
| Recurring financial charges | 65 | €41,114 | €49,890 | +€8,776 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €110,217 | €144,046 | +€33,829 | +30.7% |
| Income taxes | 67/77 | €34,516 | €43,384 | +€8,868 | +25.7% |
| Profit (loss) for the period | 9904 | €75,701 | €100,662 | +€24,961 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,701 | €100,662 | +€24,961 | +33.0% |
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 4 October 2026 via checked.be.