IMMO SWINNEN - MOERMANS: 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 SWINNEN - MOERMANS
Largest movements
- Tangible fixed assets -€1,773
down €1,773 (-4.1%), from €43,362 to €41,589
of which Plant, machinery and equipment: -€1,773
- Other debts -€7,816
down €7,816 (-11.7%), from €67,019 to €59,203
- Reserves +€5,801
up €5,801 (+7.9%), from €73,462 to €79,263
- Turnover +€7,529
up €7,529 (+68.7%), from €10,954 to €18,483
- Gross operating margin +€7,077
up €7,077 (+174%), from €4,078 to €11,155
- Other operating charges -€1,556
down €1,556 (-34.6%), from €4,502 to €2,946
- Taxes +€1,460
new in 2025: €1,460
- Purchases and services +€451
up €451 (+6.6%), from €6,877 to €7,328
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,686 | €158,275 | -€1,411 | -0.9% |
| Fixed assets | 21/28 | €43,362 | €41,589 | -€1,773 | -4.1% |
| Tangible fixed assets | 22/27 | €43,362 | €41,589 | -€1,773 | -4.1% |
| Land and buildings | 22 | €38,407 | €38,407 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,955 | €3,182 | -€1,773 | -35.8% |
| Current assets | 29/58 | €116,324 | €116,686 | +€362 | +0.3% |
| Amounts receivable within one year | 40/41 | €302 | €179 | -€123 | -40.7% |
| Other amounts receivable | 41 | €302 | €179 | -€123 | -40.7% |
| Cash at bank and in hand | 54/58 | €116,022 | €116,507 | +€485 | +0.4% |
| Total equity and liabilities | 10/49 | €159,686 | €158,275 | -€1,411 | -0.9% |
| Equity | 10/15 | €92,062 | €97,863 | +€5,801 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,462 | €79,263 | +€5,801 | +7.9% |
| Distributable reserves | 133 | €73,462 | €79,263 | +€5,801 | +7.9% |
| Amounts payable | 17/49 | €67,624 | €60,412 | -€7,212 | -10.7% |
| Amounts payable within one year | 42/48 | €67,624 | €60,412 | -€7,212 | -10.7% |
| Trade debts | 44 | €605 | - | -€605 | |
| Suppliers | 440/4 | €605 | - | -€605 | |
| Taxes, remuneration and social security | 45 | - | €1,209 | +€1,209 | |
| Taxes | 450/3 | - | €1,209 | +€1,209 | |
| Other amounts payable | 47/48 | €67,019 | €59,203 | -€7,816 | -11.7% |
| Turnover | 70 | €10,954 | €18,483 | +€7,529 | +68.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,877 | €7,328 | +€451 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,763 | €1,773 | +€10 | +0.6% |
| Other operating charges | 640/8 | €4,502 | €2,946 | -€1,556 | -34.6% |
| Gross operating margin | 9900 | €4,078 | €11,155 | +€7,077 | +174% |
| Operating profit (loss) | 9901 | -€2,187 | €6,436 | +€8,623 | |
| Financial income | 75/76B | €597 | €836 | +€239 | +40.0% |
| Recurring financial income | 75 | €597 | €836 | +€239 | +40.0% |
| Financial charges | 65/66B | €28 | €10 | -€18 | -64.3% |
| Recurring financial charges | 65 | €28 | €10 | -€18 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,618 | €7,262 | +€8,880 | |
| Income taxes | 67/77 | - | €1,460 | +€1,460 | |
| Profit (loss) for the period | 9904 | -€1,618 | €5,802 | +€7,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,618 | €5,802 | +€7,420 |
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 1 November 2026 via checked.be.