Immo Van Uytsel: what changed
What changed
Immo Van Uytsel
NACE 93.110, Operation of sports facilities
filed annual accounts (NBB)
Net result for the year
€315,725
2025 · €300,730+€14,996
Equity
€2.8m
2025 · €3.8m-€966,275
Cash
€203,933
2025 · €305,908-€101,974
Balance sheet total
€3.5m
2025 · €4.4m-€845,439
Largest movements
Assets
- Current investments -€850,000
no longer reported in 2026 (was €850,000)
- Tangible fixed assets +€498,438
up €498,438 (+18.0%), from €2.8m to €3.3m
of which Land and buildings: +€503,833
- Receivables within one year -€402,208
down €402,208 (-90.5%), from €444,371 to €42,164
of which Other amounts receivable: -€390,786
- Cash -€101,974
down €101,974 (-33.3%), from €305,908 to €203,933
mainly Contributions, distributions and other (-€1.3m) and Investment in fixed assets (net) (-€886,200)
Equity and liabilities
- Reserves -€966,275
down €966,275 (-30.6%), from €3.2m to €2.2m
of which Distributable reserves: -€966,275
- Other debts +€149,203
up €149,203 (+5,326%), from €2,801 to €152,004
- Debts after one year -€62,670
down €62,670 (-13.3%), from €470,876 to €408,206
Income statement
- Gross operating margin +€129,718
up €129,718 (+15.5%), from €836,857 to €966,575
- Depreciation +€62,756
up €62,756 (+19.3%), from €325,005 to €387,761
- Financial income +€55,945
up €55,945 (+174%), from €32,224 to €88,168
- Provisions +€53,132
new in 2026: €53,132
- Write-downs +€45,000
new in 2026: €45,000
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€300,730
Gross operating margin
+€129,718
Staff costs
-€21,178
Depreciation
-€62,756
Write-downs
-€45,000
Provisions
-€53,132
Other operating charges
+€10,246
Financial income
+€55,945
Financial charges
+€1,198
Taxes
-€46
Result 2026
€315,725
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€36,200
Financing
-€1.3m
Cash 2025
€305,908
From operations (derived)
+€1.2m
Net result for the year
+€315,725
Depreciation
+€387,761
Stocks and contracts
-€8,809
Receivables within one year
+€402,208
Smaller working-capital items
-€1,900
Trade debts
+€7,411
Advances received
+€4,000
Other debts
+€149,203
Accrued charges and deferred income
-€15,918
Investment (derived)
-€36,200
Investment in fixed assets (net)
-€886,200
Current investments
+€850,000
Financing
-€1.3m
Debts after one year
-€62,670
Current portion of long-term debt
-€2,718
Short-term financial debts
+€41,932
Contributions, distributions and other
-€1.3m
Cash 2026
€203,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,392,112 | €3,546,673 | -€845,439 | -19.2% |
| Fixed assets | 21/28 | €2,763,784 | €3,262,223 | +€498,438 | +18.0% |
| Tangible fixed assets | 22/27 | €2,763,784 | €3,262,223 | +€498,438 | +18.0% |
| Land and buildings | 22 | €2,570,773 | €3,074,606 | +€503,833 | +19.6% |
| Plant, machinery and equipment | 23 | €108,990 | €126,021 | +€17,031 | +15.6% |
| Furniture and vehicles | 24 | €84,021 | €61,595 | -€22,426 | -26.7% |
| Current assets | 29/58 | €1,628,328 | €284,450 | -€1.3m | -82.5% |
| Stocks and contracts in progress | 3 | €11,220 | €20,029 | +€8,809 | +78.5% |
| Stocks | 30/36 | €11,220 | €20,029 | +€8,809 | +78.5% |
| Amounts receivable within one year | 40/41 | €444,371 | €42,164 | -€402,208 | -90.5% |
| Trade receivables | 40 | €19,645 | €8,223 | -€11,421 | -58.1% |
| Other amounts receivable | 41 | €424,726 | €33,940 | -€390,786 | -92.0% |
| Current investments | 50/53 | €850,000 | - | -€850,000 | |
| Cash at bank and in hand | 54/58 | €305,908 | €203,933 | -€101,974 | -33.3% |
| Deferred charges and accrued income | 490/1 | €16,829 | €18,325 | +€1,496 | +8.9% |
| Total equity and liabilities | 10/49 | €4,392,112 | €3,546,673 | -€845,439 | -19.2% |
| Equity | 10/15 | €3,781,289 | €2,815,014 | -€966,275 | -25.6% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €3,161,289 | €2,195,014 | -€966,275 | -30.6% |
| Non-distributable reserves | 130/1 | €94,398 | €94,398 | = | 0.0% |
| Legal reserve | 130 | €94,398 | €94,398 | = | 0.0% |
| Distributable reserves | 133 | €3,066,891 | €2,100,617 | -€966,275 | -31.5% |
| Amounts payable | 17/49 | €610,823 | €731,659 | +€120,836 | +19.8% |
| Amounts payable after more than one year | 17 | €470,876 | €408,206 | -€62,670 | -13.3% |
| Financial debts | 170/4 | €470,876 | €408,206 | -€62,670 | -13.3% |
| Amounts payable within one year | 42/48 | €124,029 | €323,453 | +€199,423 | +161% |
| Current portion of amounts payable after more than one year | 42 | €65,388 | €62,670 | -€2,718 | -4.2% |
| Financial debts | 43 | - | €41,932 | +€41,932 | |
| Credit institutions | 430/8 | - | €41,932 | +€41,932 | |
| Trade debts | 44 | €37,472 | €44,883 | +€7,411 | +19.8% |
| Suppliers | 440/4 | €37,472 | €44,883 | +€7,411 | +19.8% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €18,368 | €17,964 | -€404 | -2.2% |
| Taxes | 450/3 | €7,411 | €9,190 | +€1,779 | +24.0% |
| Remuneration and social security | 454/9 | €10,957 | €8,774 | -€2,183 | -19.9% |
| Other amounts payable | 47/48 | €2,801 | €152,004 | +€149,203 | +5,326% |
| Accrued charges and deferred income | 492/3 | €15,918 | - | -€15,918 | |
| Non-recurring operating income | 76A | €7,150 | - | -€7,150 | |
| Remuneration, social security and pensions | 62 | €49,437 | €70,614 | +€21,178 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325,005 | €387,761 | +€62,756 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,000 | +€45,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €53,132 | +€53,132 | |
| Other operating charges | 640/8 | €68,027 | €57,780 | -€10,246 | -15.1% |
| Gross operating margin | 9900 | €836,857 | €966,575 | +€129,718 | +15.5% |
| Operating profit (loss) | 9901 | €394,388 | €352,287 | -€42,101 | -10.7% |
| Financial income | 75/76B | €32,224 | €88,168 | +€55,945 | +174% |
| Recurring financial income | 75 | €32,224 | €88,168 | +€55,945 | +174% |
| Financial charges | 65/66B | €23,572 | €22,374 | -€1,198 | -5.1% |
| Recurring financial charges | 65 | €23,572 | €22,374 | -€1,198 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €403,040 | €418,081 | +€15,042 | +3.7% |
| Income taxes | 67/77 | €102,310 | €102,356 | +€46 | 0.0% |
| Profit (loss) for the period | 9904 | €300,730 | €315,725 | +€14,996 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €300,730 | €315,725 | +€14,996 | +5.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.