IMMO W.E.P.: what changed
Two fiscal 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 W.E.P.
Largest movements
- Tangible fixed assets +€37,134
up €37,134 (+9.0%), from €413,472 to €450,607
of which Assets under construction and advance payments: +€44,108
- Receivables within one year +€19,523
up €19,523 (+21.0%), from €93,173 to €112,696
of which Other amounts receivable: +€19,523
- Other debts +€63,950
up €63,950 (+794.4%), from €8,050 to €72,000
- Profit (loss) carried forward +€58,773
up €58,773, from -€13,242 to €45,531
- Debts after one year -€58,463
down €58,463 (-24.1%), from €242,142 to €183,679
- Current portion of long-term debt -€7,484
down €7,484 (-18.2%), from €41,126 to €33,642
- Tax, wage and social debts -€6,872
down €6,872 (-99.6%), from €6,900 to €28
- Depreciation -€44,870
down €44,870 (-85.9%), from €52,216 to €7,346
- Taxes +€13,818
new in 2025: €13,818
- Gross operating margin -€7,287
down €7,287 (-6.7%), from €108,088 to €100,802
- Other operating charges -€5,946
down €5,946 (-32.2%), from €18,467 to €12,521
- Financial charges +€5,597
up €5,597 (+203.8%), from €2,746 to €8,344
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.
Cash bridge derived
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 | €528,442 | €578,306 | +€49,864 | +9.4% |
| Fixed assets | 21/28 | €413,965 | €450,726 | +€36,761 | +8.9% |
| Intangible fixed assets | 21 | €493 | €120 | -€373 | -75.7% |
| Tangible fixed assets | 22/27 | €413,472 | €450,607 | +€37,134 | +9.0% |
| Land and buildings | 22 | €411,646 | €405,030 | -€6,616 | -1.6% |
| Plant, machinery and equipment | 23 | €1,826 | €1,469 | -€357 | -19.5% |
| Assets under construction and advance payments | 27 | - | €44,108 | +€44,108 | |
| Current assets | 29/58 | €114,477 | €127,580 | +€13,103 | +11.4% |
| Amounts receivable within one year | 40/41 | €93,173 | €112,696 | +€19,523 | +21.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €93,173 | €112,696 | +€19,523 | +21.0% |
| Cash at bank and in hand | 54/58 | €18,013 | €14,883 | -€3,129 | -17.4% |
| Deferred charges and accrued income | 490/1 | €3,291 | €0 | -€3,291 | -100.0% |
| Total equity and liabilities | 10/49 | €528,442 | €578,306 | +€49,864 | +9.4% |
| Equity | 10/15 | €230,184 | €288,957 | +€58,773 | +25.5% |
| Contributions | 10/11 | €194,000 | €194,000 | = | 0.0% |
| Reserves | 13 | €49,426 | €49,426 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €30,676 | €30,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,242 | €45,531 | +€58,773 | |
| Amounts payable | 17/49 | €298,258 | €289,349 | -€8,909 | -3.0% |
| Amounts payable after more than one year | 17 | €242,142 | €183,679 | -€58,463 | -24.1% |
| Financial debts | 170/4 | €242,142 | €183,679 | -€58,463 | -24.1% |
| Amounts payable within one year | 42/48 | €56,076 | €105,670 | +€49,595 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €41,126 | €33,642 | -€7,484 | -18.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,900 | €28 | -€6,872 | -99.6% |
| Taxes | 450/3 | €6,900 | €28 | -€6,872 | -99.6% |
| Other amounts payable | 47/48 | €8,050 | €72,000 | +€63,950 | +794.4% |
| Accrued charges and deferred income | 492/3 | €41 | €0 | -€41 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,216 | €7,346 | -€44,870 | -85.9% |
| Other operating charges | 640/8 | €18,467 | €12,521 | -€5,946 | -32.2% |
| Gross operating margin | 9900 | €108,088 | €100,802 | -€7,287 | -6.7% |
| Operating profit (loss) | 9901 | €37,405 | €80,935 | +€43,529 | +116.4% |
| Financial income | 75/76B | €3,294 | €0 | -€3,294 | -100.0% |
| Recurring financial income | 75 | €3,294 | €0 | -€3,294 | -100.0% |
| Financial charges | 65/66B | €2,746 | €8,344 | +€5,597 | +203.8% |
| Recurring financial charges | 65 | €2,746 | €8,344 | +€5,597 | +203.8% |
| Profit (loss) for the period before taxes | 9903 | €37,953 | €72,591 | +€34,638 | +91.3% |
| Income taxes | 67/77 | - | €13,818 | +€13,818 | |
| Profit (loss) for the period | 9904 | €37,953 | €58,773 | +€20,820 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,953 | €58,773 | +€20,820 | +54.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.