IMMO VAN WAUWE: 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 WAUWE
Largest movements
- Receivables within one year -€503,801
down €503,801 (-70.6%), from €713,539 to €209,738
of which Other amounts receivable: -€503,891
- Tangible fixed assets -€35,249
down €35,249 (-8.5%), from €415,656 to €380,407
of which Land and buildings: -€31,241
- Cash +€28,656
new in 2025: €28,656
mainly Receivables within one year (+€503,801) and Other debts (+€394,219)
- Debts after one year -€757,024
down €757,024 (-95.6%), from €792,029 to €35,006
of which Financial debts: -€757,024
- Other debts +€394,219
new in 2025: €394,219
- Reserves -€83,387
down €83,387 (-42.6%), from €195,863 to €112,476
of which Distributable reserves: -€79,206
- Accrued charges and deferred income -€63,219
no longer reported in 2025 (was €63,219)
- Write-downs +€130,421
new in 2025: €130,421
- Gross operating margin +€52,592
up €52,592 (+438%), from €12,011 to €64,603
- Financial charges -€36,567
down €36,567 (-56.7%), from €64,473 to €27,905
- Financial income +€28,402
up €28,402 (+101%), from €28,040 to €56,442
- Depreciation -€951
down €951 (-2.6%), from €36,199 to €35,249
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 | €1,157,236 | €635,397 | -€521,839 | -45.1% |
| Fixed assets | 21/28 | €415,656 | €380,407 | -€35,249 | -8.5% |
| Tangible fixed assets | 22/27 | €415,656 | €380,407 | -€35,249 | -8.5% |
| Land and buildings | 22 | €409,656 | €378,416 | -€31,241 | -7.6% |
| Plant, machinery and equipment | 23 | €2,864 | €1,992 | -€872 | -30.5% |
| Furniture and vehicles | 24 | €3,136 | - | -€3,136 | |
| Current assets | 29/58 | €741,579 | €254,989 | -€486,590 | -65.6% |
| Amounts receivable within one year | 40/41 | €713,539 | €209,738 | -€503,801 | -70.6% |
| Trade receivables | 40 | - | €90 | +€90 | |
| Other amounts receivable | 41 | €713,539 | €209,648 | -€503,891 | -70.6% |
| Cash at bank and in hand | 54/58 | - | €28,656 | +€28,656 | |
| Deferred charges and accrued income | 490/1 | €28,040 | €16,595 | -€11,445 | -40.8% |
| Total equity and liabilities | 10/49 | €1,157,236 | €635,397 | -€521,839 | -45.1% |
| Equity | 10/15 | €257,363 | €173,976 | -€83,387 | -32.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €195,863 | €112,476 | -€83,387 | -42.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,431 | €73,250 | -€4,181 | -5.4% |
| Distributable reserves | 133 | €112,282 | €33,076 | -€79,206 | -70.5% |
| Provisions and deferred taxes | 16 | €25,810 | €24,417 | -€1,394 | -5.4% |
| Deferred taxes | 168 | €25,810 | €24,417 | -€1,394 | -5.4% |
| Amounts payable | 17/49 | €874,063 | €437,004 | -€437,058 | -50.0% |
| Amounts payable after more than one year | 17 | €792,029 | €35,006 | -€757,024 | -95.6% |
| Financial debts | 170/4 | €789,228 | €32,204 | -€757,024 | -95.9% |
| Other amounts payable | 178/9 | €2,802 | €2,802 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,815 | €401,999 | +€383,184 | +2,037% |
| Current portion of amounts payable after more than one year | 42 | €6,877 | €7,024 | +€146 | +2.1% |
| Financial debts | 43 | €7,622 | - | -€7,622 | |
| Credit institutions | 430/8 | €7,622 | - | -€7,622 | |
| Trade debts | 44 | €3,893 | €236 | -€3,658 | -93.9% |
| Suppliers | 440/4 | €3,893 | €236 | -€3,658 | -93.9% |
| Advances received on contracts in progress | 46 | - | €95 | +€95 | |
| Taxes, remuneration and social security | 45 | €422 | €425 | +€3 | +0.8% |
| Taxes | 450/3 | €422 | €425 | +€3 | +0.8% |
| Other amounts payable | 47/48 | - | €394,219 | +€394,219 | |
| Accrued charges and deferred income | 492/3 | €63,219 | - | -€63,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,199 | €35,249 | -€951 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €130,421 | +€130,421 | |
| Other operating charges | 640/8 | €11,465 | €11,825 | +€360 | +3.1% |
| Gross operating margin | 9900 | €12,011 | €64,603 | +€52,592 | +438% |
| Operating profit (loss) | 9901 | -€35,653 | -€112,892 | -€77,238 | -217% |
| Financial income | 75/76B | €28,040 | €56,442 | +€28,402 | +101% |
| Recurring financial income | 75 | €28,040 | €56,442 | +€28,402 | +101% |
| Financial charges | 65/66B | €64,473 | €27,905 | -€36,567 | -56.7% |
| Recurring financial charges | 65 | €64,473 | €27,905 | -€36,567 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€72,086 | -€84,355 | -€12,269 | -17.0% |
| Transfer from deferred taxes | 780 | €1,394 | €1,394 | = | 0.0% |
| Income taxes | 67/77 | €414 | €425 | +€11 | +2.6% |
| Profit (loss) for the period | 9904 | -€71,107 | -€83,387 | -€12,280 | -17.3% |
| Transfer from tax-exempt reserves | 789 | €4,181 | €4,181 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,925 | -€79,206 | -€12,280 | -18.3% |
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.