Immo Van Bavel: 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 Van Bavel
Largest movements
- Receivables within one year -€12,882
down €12,882 (-72.9%), from €17,683 to €4,801
of which Trade receivables: -€8,988
- Cash +€6,098
up €6,098 (+18.7%), from €32,634 to €38,732
mainly Net result for the year (+€28,960) and Receivables within one year (+€12,882)
- Tangible fixed assets +€2,699
new in 2025: €2,699
- Other debts -€4,297
down €4,297 (-9.9%), from €43,271 to €38,974
- Gross operating margin -€1,974
down €1,974 (-4.7%), from €41,834 to €39,860
- Financial charges -€580
down €580 (-42.4%), from €1,368 to €788
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 | €50,317 | €46,400 | -€3,917 | -7.8% |
| Fixed assets | 21/28 | - | €2,699 | +€2,699 | |
| Tangible fixed assets | 22/27 | - | €2,699 | +€2,699 | |
| Plant, machinery and equipment | 23 | - | €2,699 | +€2,699 | |
| Current assets | 29/58 | €50,317 | €43,701 | -€6,616 | -13.1% |
| Amounts receivable within one year | 40/41 | €17,683 | €4,801 | -€12,882 | -72.9% |
| Trade receivables | 40 | €11,512 | €2,524 | -€8,988 | -78.1% |
| Other amounts receivable | 41 | €6,172 | €2,277 | -€3,894 | -63.1% |
| Cash at bank and in hand | 54/58 | €32,634 | €38,732 | +€6,098 | +18.7% |
| Deferred charges and accrued income | 490/1 | - | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €50,317 | €46,400 | -€3,917 | -7.8% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,817 | €43,900 | -€3,917 | -8.2% |
| Amounts payable within one year | 42/48 | €47,817 | €43,900 | -€3,917 | -8.2% |
| Trade debts | 44 | €2,699 | €2,977 | +€279 | +10.3% |
| Suppliers | 440/4 | €2,699 | €2,977 | +€279 | +10.3% |
| Taxes, remuneration and social security | 45 | €1,847 | €1,949 | +€102 | +5.5% |
| Taxes | 450/3 | €1,847 | €1,949 | +€102 | +5.5% |
| Other amounts payable | 47/48 | €43,271 | €38,974 | -€4,297 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €278 | +€278 | |
| Other operating charges | 640/8 | €917 | €894 | -€23 | -2.5% |
| Gross operating margin | 9900 | €41,834 | €39,860 | -€1,974 | -4.7% |
| Operating profit (loss) | 9901 | €40,916 | €38,687 | -€2,229 | -5.4% |
| Financial income | 75/76B | €0 | €83 | +€83 | +832,100% |
| Recurring financial income | 75 | €0 | €83 | +€83 | +832,100% |
| Financial charges | 65/66B | €1,368 | €788 | -€580 | -42.4% |
| Recurring financial charges | 65 | €1,368 | €788 | -€580 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €39,548 | €37,982 | -€1,566 | -4.0% |
| Income taxes | 67/77 | €8,700 | €9,023 | +€323 | +3.7% |
| Profit (loss) for the period | 9904 | €30,848 | €28,960 | -€1,889 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,848 | €28,960 | -€1,889 | -6.1% |
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 15 October 2026 via checked.be.