IMMO WADRI: 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.
What changed
IMMO WADRI
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€70,256
2024 · €56,654-€126,909
Equity
€341,988
2024 · €412,244-€70,256
Cash
€22,516
2024 · €39,870-€17,354
Balance sheet total
€2.5m
2024 · €2.1m+€452,122
Largest movements
Assets
- Stocks and contracts +€496,334
up €496,334 (+26.8%), from €1.8m to €2.3m
Equity and liabilities
- Short-term financial debts +€494,379
new in 2025: €494,379
- Profit (loss) carried forward -€70,256
down €70,256, from €2,191 to -€68,065
- Trade debts +€55,514
up €55,514 (+68.3%), from €81,235 to €136,749
Income statement
- Gross operating margin -€135,721
down €135,721, from €104,794 to -€30,927
- Other operating charges -€15,698
down €15,698 (-72.1%), from €21,777 to €6,078
- Financial charges +€7,407
up €7,407 (+28.7%), from €25,816 to €33,223
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.
Result 2024
€56,654
Gross operating margin
-€135,721
Other operating charges
+€15,698
Financial income
+€22
Financial charges
-€7,407
Taxes
+€498
Result 2025
-€70,256
raises the resultlowers the result
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.
From operations
-€486,501
Investment
€0
Financing
+€469,147
Cash 2024
€39,870
From operations (derived)
-€486,501
Net result for the year
-€70,256
Stocks and contracts
-€496,334
Receivables within one year
+€25,000
Deferred charges and accrued income
+€1,858
Trade debts
+€55,514
Smaller working-capital items
-€484
Accrued charges and deferred income
-€1,800
Financing
+€469,147
Debts after one year
-€8,989
Current portion of long-term debt
-€16,243
Short-term financial debts
+€494,379
Cash 2025
€22,516
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,075,146 | €2,527,267 | +€452,122 | +21.8% |
| Current assets | 29/58 | €2,075,146 | €2,527,267 | +€452,122 | +21.8% |
| Amounts receivable after more than one year | 29 | €59,000 | €59,000 | = | 0.0% |
| Other amounts receivable | 291 | €59,000 | €59,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,848,776 | €2,345,110 | +€496,334 | +26.8% |
| Stocks | 30/36 | €1,848,776 | €2,345,110 | +€496,334 | +26.8% |
| Amounts receivable within one year | 40/41 | €121,832 | €96,832 | -€25,000 | -20.5% |
| Other amounts receivable | 41 | €121,832 | €96,832 | -€25,000 | -20.5% |
| Cash at bank and in hand | 54/58 | €39,870 | €22,516 | -€17,354 | -43.5% |
| Deferred charges and accrued income | 490/1 | €5,668 | €3,809 | -€1,858 | -32.8% |
| Total equity and liabilities | 10/49 | €2,075,146 | €2,527,267 | +€452,122 | +21.8% |
| Equity | 10/15 | €412,244 | €341,988 | -€70,256 | -17.0% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Contributions outside capital | 11 | €175,000 | €175,000 | = | 0.0% |
| Other | 1109/19 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €235,053 | €235,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €217,553 | €217,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,191 | -€68,065 | -€70,256 | |
| Amounts payable | 17/49 | €1,662,902 | €2,185,279 | +€522,377 | +31.4% |
| Amounts payable after more than one year | 17 | €94,863 | €85,874 | -€8,989 | -9.5% |
| Financial debts | 170/4 | €94,863 | €85,874 | -€8,989 | -9.5% |
| Amounts payable within one year | 42/48 | €1,566,239 | €2,099,405 | +€533,166 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €291,246 | €275,002 | -€16,243 | -5.6% |
| Financial debts | 43 | - | €494,379 | +€494,379 | |
| Credit institutions | 430/8 | - | €494,379 | +€494,379 | |
| Trade debts | 44 | €81,235 | €136,749 | +€55,514 | +68.3% |
| Suppliers | 440/4 | €81,235 | €136,749 | +€55,514 | +68.3% |
| Taxes, remuneration and social security | 45 | €548 | €0 | -€548 | -100% |
| Taxes | 450/3 | €548 | €0 | -€548 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,193,211 | €1,193,275 | +€64 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,800 | €0 | -€1,800 | -100% |
| Other operating charges | 640/8 | €21,777 | €6,078 | -€15,698 | -72.1% |
| Gross operating margin | 9900 | €104,794 | -€30,927 | -€135,721 | |
| Operating profit (loss) | 9901 | €83,018 | -€37,005 | -€120,023 | |
| Financial income | 75/76B | €0 | €22 | +€22 | |
| Recurring financial income | 75 | €0 | €22 | +€22 | |
| Financial charges | 65/66B | €25,816 | €33,223 | +€7,407 | +28.7% |
| Recurring financial charges | 65 | €25,816 | €33,223 | +€7,407 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €57,201 | -€70,206 | -€127,408 | |
| Income taxes | 67/77 | €548 | €49 | -€498 | -91.0% |
| Profit (loss) for the period | 9904 | €56,654 | -€70,256 | -€126,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,654 | -€70,256 | -€126,909 |
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.