Immo Topwijk: 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 Topwijk
NACE 68.121, Development of residential building projects
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€48,207
31-12-2024 · -€51,060+€2,853
Equity
-€158,108
31-12-2024 · -€109,902-€48,207
Cash
€0
31-12-2024 · €3,241-€3,241
Balance sheet total
€9.3m
31-12-2024 · €9.0m+€302,531
Largest movements
Assets
- Deferred charges and accrued income +€214,689
up €214,689 (+10.1%), from €2.1m to €2.3m
Equity and liabilities
- Other debts +€381,665
up €381,665 (+36.1%), from €1.1m to €1.4m
Income statement
- Financial charges -€3,051
down €3,051 (-2.6%), from €119,626 to €116,575
- Gross operating margin -€960
down €960 (-7.4%), from -€12,980 to -€13,940
- Financial income +€796
up €796 (+1.0%), from €83,312 to €84,108
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
-€51,060
Gross operating margin
-€960
Other operating charges
-€53
Financial income
+€796
Financial charges
+€3,051
Taxes
+€21
Result 31-12-2025
-€48,207
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€18,725
Investment
€0
Financing
+€15,483
Cash 31-12-2024
€3,241
From operations (derived)
-€18,725
Net result for the year
-€48,207
Receivables after one year
-€36,108
Receivables within one year
-€54,976
Deferred charges and accrued income
-€214,689
Trade debts
-€46,410
Other debts
+€381,665
Financing
+€15,483
Debts after one year
+€24,505
Current portion of long-term debt
-€42,982
Short-term financial debts
+€33,961
Cash 31-12-2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,024,967 | €9,327,498 | +€302,531 | +3.4% |
| Current assets | 29/58 | €9,024,967 | €9,327,498 | +€302,531 | +3.4% |
| Amounts receivable after more than one year | 29 | €2,102,702 | €2,138,810 | +€36,108 | +1.7% |
| Other amounts receivable | 291 | €2,102,702 | €2,138,810 | +€36,108 | +1.7% |
| Stocks and contracts in progress | 3 | €4,690,040 | €4,690,040 | = | 0.0% |
| Stocks | 30/36 | €4,690,040 | €4,690,040 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,970 | €153,945 | +€54,976 | +55.5% |
| Trade receivables | 40 | €48,132 | €96,132 | +€48,000 | +99.7% |
| Other amounts receivable | 41 | €50,838 | €57,814 | +€6,976 | +13.7% |
| Cash at bank and in hand | 54/58 | €3,241 | €0 | -€3,241 | -100% |
| Deferred charges and accrued income | 490/1 | €2,130,014 | €2,344,703 | +€214,689 | +10.1% |
| Total equity and liabilities | 10/49 | €9,024,967 | €9,327,498 | +€302,531 | +3.4% |
| Equity | 10/15 | -€109,902 | -€158,108 | -€48,207 | -43.9% |
| 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 | €590,758 | €590,758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €590,758 | €590,758 | = | 0.0% |
| Legal reserve | 130 | €590,758 | €590,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€762,660 | -€810,867 | -€48,207 | -6.3% |
| Amounts payable | 17/49 | €9,134,869 | €9,485,606 | +€350,738 | +3.8% |
| Amounts payable after more than one year | 17 | €2,816,817 | €2,841,321 | +€24,505 | +0.9% |
| Financial debts | 170/4 | €2,816,817 | €2,841,321 | +€24,505 | +0.9% |
| Amounts payable within one year | 42/48 | €6,318,052 | €6,644,285 | +€326,233 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €42,982 | €0 | -€42,982 | -100% |
| Financial debts | 43 | €4,500,000 | €4,533,961 | +€33,961 | +0.8% |
| Credit institutions | 430/8 | €4,500,000 | €4,533,961 | +€33,961 | +0.8% |
| Trade debts | 44 | €719,049 | €672,639 | -€46,410 | -6.5% |
| Suppliers | 440/4 | €719,049 | €672,639 | -€46,410 | -6.5% |
| Other amounts payable | 47/48 | €1,056,021 | €1,437,685 | +€381,665 | +36.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,756 | €1,810 | +€53 | +3.0% |
| Gross operating margin | 9900 | -€12,980 | -€13,940 | -€960 | -7.4% |
| Operating profit (loss) | 9901 | -€14,736 | -€15,750 | -€1,014 | -6.9% |
| Financial income | 75/76B | €83,312 | €84,108 | +€796 | +1.0% |
| Recurring financial income | 75 | €83,312 | €84,108 | +€796 | +1.0% |
| Financial charges | 65/66B | €119,626 | €116,575 | -€3,051 | -2.6% |
| Recurring financial charges | 65 | €119,626 | €116,575 | -€3,051 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€51,050 | -€48,217 | +€2,833 | +5.5% |
| Income taxes | 67/77 | €10 | -€10 | -€21 | |
| Profit (loss) for the period | 9904 | -€51,060 | -€48,207 | +€2,853 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,060 | -€48,207 | +€2,853 | +5.6% |
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 20 October 2026 via checked.be.