IMMO VAN MAELE: 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 MAELE
Largest movements
- Cash -€41,943
down €41,943 (-94.5%), from €44,396 to €2,453
mainly Other debts (-€51,490) and Tax, wage and social debts (-€16,151)
- Tangible fixed assets -€9,053
down €9,053 (-1.3%), from €677,814 to €668,761
of which Plant, machinery and equipment: -€18,890
- Other debts -€51,490
down €51,490 (-21.9%), from €235,228 to €183,737
- Profit (loss) carried forward +€16,834
up €16,834 (+3.7%), from €450,149 to €466,983
- Tax, wage and social debts -€16,151
down €16,151 (-79.2%), from €20,393 to €4,242
- Gross operating margin -€104,368
down €104,368 (-62.7%), from €166,515 to €62,147
- Taxes -€27,742
down €27,742 (-80.9%), from €34,287 to €6,545
- Depreciation +€10,459
up €10,459 (+76.9%), from €13,593 to €24,053
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 | €729,596 | €678,056 | -€51,540 | -7.1% |
| Fixed assets | 21/28 | €677,814 | €668,761 | -€9,053 | -1.3% |
| Tangible fixed assets | 22/27 | €677,814 | €668,761 | -€9,053 | -1.3% |
| Land and buildings | 22 | €588,477 | €585,177 | -€3,300 | -0.6% |
| Plant, machinery and equipment | 23 | €89,337 | €70,447 | -€18,890 | -21.1% |
| Furniture and vehicles | 24 | - | €13,137 | +€13,137 | |
| Current assets | 29/58 | €51,782 | €9,295 | -€42,487 | -82.0% |
| Amounts receivable within one year | 40/41 | €4,341 | €4,058 | -€283 | -6.5% |
| Trade receivables | 40 | - | €403 | +€403 | |
| Other amounts receivable | 41 | €4,341 | €3,655 | -€686 | -15.8% |
| Cash at bank and in hand | 54/58 | €44,396 | €2,453 | -€41,943 | -94.5% |
| Deferred charges and accrued income | 490/1 | €3,045 | €2,784 | -€261 | -8.6% |
| Total equity and liabilities | 10/49 | €729,596 | €678,056 | -€51,540 | -7.1% |
| Equity | 10/15 | €470,554 | €487,388 | +€16,834 | +3.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €450,149 | €466,983 | +€16,834 | +3.7% |
| Amounts payable | 17/49 | €259,042 | €190,668 | -€68,374 | -26.4% |
| Amounts payable within one year | 42/48 | €258,967 | €190,626 | -€68,340 | -26.4% |
| Trade debts | 44 | €367 | €2,647 | +€2,280 | +621% |
| Suppliers | 440/4 | €367 | €2,647 | +€2,280 | +621% |
| Advances received on contracts in progress | 46 | €2,979 | €0 | -€2,979 | -100% |
| Taxes, remuneration and social security | 45 | €20,393 | €4,242 | -€16,151 | -79.2% |
| Taxes | 450/3 | €20,393 | €4,242 | -€16,151 | -79.2% |
| Other amounts payable | 47/48 | €235,228 | €183,737 | -€51,490 | -21.9% |
| Accrued charges and deferred income | 492/3 | €76 | €42 | -€34 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,593 | €24,053 | +€10,459 | +76.9% |
| Other operating charges | 640/8 | €12,729 | €11,086 | -€1,642 | -12.9% |
| Gross operating margin | 9900 | €166,515 | €62,147 | -€104,368 | -62.7% |
| Operating profit (loss) | 9901 | €140,193 | €27,008 | -€113,185 | -80.7% |
| Financial income | 75/76B | €1,601 | €0 | -€1,601 | -100% |
| Recurring financial income | 75 | €1,601 | €0 | -€1,601 | -100% |
| Financial charges | 65/66B | €5,235 | €3,629 | -€1,606 | -30.7% |
| Recurring financial charges | 65 | €5,235 | €3,629 | -€1,606 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €136,559 | €23,379 | -€113,179 | -82.9% |
| Income taxes | 67/77 | €34,287 | €6,545 | -€27,742 | -80.9% |
| Profit (loss) for the period | 9904 | €102,271 | €16,834 | -€85,437 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,271 | €16,834 | -€85,437 | -83.5% |
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 19 October 2026 via checked.be.