Immo Van Brempt: 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 Brempt
Largest movements
- Current investments -€1.2m
down €1.2m (-66.7%), from €1.8m to €600,000
- Tangible fixed assets +€775,924
up €775,924 (+51.3%), from €1.5m to €2.3m
of which Land and buildings: +€786,352
- Cash +€151,712
up €151,712 (+31.7%), from €478,324 to €630,036
mainly Current investments (+€1.2m) and Debts after one year (+€417,350)
- Receivables within one year -€87,906
down €87,906 (-10.9%), from €808,456 to €720,551
of which Trade receivables: -€83,696
- Other debts -€573,598
down €573,598 (-25.9%), from €2.2m to €1.6m
- Debts after one year +€417,350
up €417,350 (+1,043%), from €40,000 to €457,350
- Trade debts -€345,045
down €345,045 (-98.2%), from €351,487 to €6,442
- Reserves +€128,314
up €128,314 (+7.6%), from €1.7m to €1.8m
of which Distributable reserves: +€168,000
- Gross operating margin +€183,514
up €183,514, from -€2,637 to €180,877
- Depreciation +€45,034
up €45,034 (+90.3%), from €49,889 to €94,923
- Other operating charges +€2,309
up €2,309 (+48.1%), from €4,798 to €7,107
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 | €4,903,231 | €4,543,066 | -€360,165 | -7.3% |
| Fixed assets | 21/28 | €1,812,748 | €2,588,672 | +€775,924 | +42.8% |
| Tangible fixed assets | 22/27 | €1,512,748 | €2,288,672 | +€775,924 | +51.3% |
| Land and buildings | 22 | €1,434,846 | €2,221,199 | +€786,352 | +54.8% |
| Plant, machinery and equipment | 23 | €68,467 | €60,913 | -€7,554 | -11.0% |
| Furniture and vehicles | 24 | €9,435 | €6,560 | -€2,875 | -30.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €3,090,483 | €1,954,395 | -€1.1m | -36.8% |
| Amounts receivable within one year | 40/41 | €808,456 | €720,551 | -€87,906 | -10.9% |
| Trade receivables | 40 | €267,796 | €184,100 | -€83,696 | -31.3% |
| Other amounts receivable | 41 | €540,660 | €536,451 | -€4,210 | -0.8% |
| Current investments | 50/53 | €1,800,000 | €600,000 | -€1.2m | -66.7% |
| Cash at bank and in hand | 54/58 | €478,324 | €630,036 | +€151,712 | +31.7% |
| Deferred charges and accrued income | 490/1 | €3,703 | €3,808 | +€105 | +2.8% |
| Total equity and liabilities | 10/49 | €4,903,231 | €4,543,066 | -€360,165 | -7.3% |
| Equity | 10/15 | €1,696,832 | €1,833,759 | +€136,926 | +8.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,684,567 | €1,812,881 | +€128,314 | +7.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,682,567 | €1,642,881 | -€39,686 | -2.4% |
| Distributable reserves | 133 | €2,000 | €170,000 | +€168,000 | +8,400% |
| Profit (loss) carried forward | 14 | -€7,735 | €878 | +€8,612 | |
| Provisions and deferred taxes | 16 | €560,856 | €547,627 | -€13,229 | -2.4% |
| Deferred taxes | 168 | €560,856 | €547,627 | -€13,229 | -2.4% |
| Amounts payable | 17/49 | €2,645,543 | €2,161,681 | -€483,863 | -18.3% |
| Amounts payable after more than one year | 17 | €40,000 | €457,350 | +€417,350 | +1,043% |
| Financial debts | 170/4 | €40,000 | €457,350 | +€417,350 | +1,043% |
| Amounts payable within one year | 42/48 | €2,596,618 | €1,691,581 | -€905,037 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €32,650 | +€19,317 | +145% |
| Trade debts | 44 | €351,487 | €6,442 | -€345,045 | -98.2% |
| Suppliers | 440/4 | €351,487 | €6,442 | -€345,045 | -98.2% |
| Advances received on contracts in progress | 46 | €10,567 | €8,680 | -€1,887 | -17.9% |
| Taxes, remuneration and social security | 45 | €3,825 | €0 | -€3,825 | -100% |
| Taxes | 450/3 | €3,825 | €0 | -€3,825 | -100% |
| Other amounts payable | 47/48 | €2,217,406 | €1,643,808 | -€573,598 | -25.9% |
| Accrued charges and deferred income | 492/3 | €8,925 | €12,750 | +€3,825 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,889 | €94,923 | +€45,034 | +90.3% |
| Other operating charges | 640/8 | €4,798 | €7,107 | +€2,309 | +48.1% |
| Gross operating margin | 9900 | -€2,637 | €180,877 | +€183,514 | |
| Operating profit (loss) | 9901 | -€57,323 | €78,847 | +€136,171 | |
| Financial income | 75/76B | €65,755 | €66,510 | +€755 | +1.1% |
| Recurring financial income | 75 | €65,755 | €66,510 | +€755 | +1.1% |
| Financial charges | 65/66B | €19,150 | €20,440 | +€1,290 | +6.7% |
| Recurring financial charges | 65 | €19,150 | €20,440 | +€1,290 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,719 | €124,917 | +€135,636 | |
| Transfer from deferred taxes | 780 | €2,896 | €13,229 | +€10,333 | +357% |
| Income taxes | 67/77 | €1,241 | €1,220 | -€21 | -1.7% |
| Profit (loss) for the period | 9904 | -€9,064 | €136,926 | +€145,990 | |
| Transfer from tax-exempt reserves | 789 | €8,687 | €39,686 | +€30,999 | +357% |
| Profit (loss) for the period to be appropriated | 9905 | -€377 | €176,612 | +€176,989 |
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 27 October 2026 via checked.be.