IMMO WAEGHE: 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 WAEGHE
Largest movements
- Cash +€25,605
up €25,605 (+21.0%), from €122,127 to €147,731
mainly Depreciation (+€20,755) and Net result for the year (+€8,636)
- Tangible fixed assets -€20,515
down €20,515 (-16.9%), from €121,343 to €100,828
- Reserves +€8,636
up €8,636 (+10.0%), from €86,367 to €95,004
- Other debts -€4,177
down €4,177 (-2.1%), from €202,489 to €198,313
- Gross operating margin +€1,264
up €1,264 (+3.8%), from €33,196 to €34,460
- Taxes +€420
up €420 (+8.8%), from €4,770 to €5,190
- Financial income +€370
up €370 (+11.4%), from €3,239 to €3,610
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 | €315,416 | €320,602 | +€5,187 | +1.6% |
| Fixed assets | 21/28 | €121,343 | €100,828 | -€20,515 | -16.9% |
| Tangible fixed assets | 22/27 | €121,343 | €100,828 | -€20,515 | -16.9% |
| Land and buildings | 22 | €121,343 | €100,828 | -€20,515 | -16.9% |
| Current assets | 29/58 | €194,072 | €219,774 | +€25,702 | +13.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €70,137 | €70,219 | +€82 | +0.1% |
| Cash at bank and in hand | 54/58 | €122,127 | €147,731 | +€25,605 | +21.0% |
| Deferred charges and accrued income | 490/1 | €1,808 | €1,824 | +€16 | +0.9% |
| Total equity and liabilities | 10/49 | €315,416 | €320,602 | +€5,187 | +1.6% |
| Equity | 10/15 | €111,367 | €120,004 | +€8,636 | +7.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €86,367 | €95,004 | +€8,636 | +10.0% |
| Distributable reserves | 133 | €86,367 | €95,004 | +€8,636 | +10.0% |
| Amounts payable | 17/49 | €204,048 | €200,599 | -€3,450 | -1.7% |
| Amounts payable within one year | 42/48 | €204,048 | €200,599 | -€3,450 | -1.7% |
| Trade debts | 44 | €304 | €0 | -€304 | -100% |
| Suppliers | 440/4 | €304 | €0 | -€304 | -100% |
| Taxes, remuneration and social security | 45 | €1,255 | €2,286 | +€1,031 | +82.1% |
| Taxes | 450/3 | €1,255 | €2,286 | +€1,031 | +82.1% |
| Other amounts payable | 47/48 | €202,489 | €198,313 | -€4,177 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,502 | €20,755 | +€253 | +1.2% |
| Other operating charges | 640/8 | €2,731 | €2,812 | +€81 | +3.0% |
| Gross operating margin | 9900 | €33,196 | €34,460 | +€1,264 | +3.8% |
| Operating profit (loss) | 9901 | €9,963 | €10,894 | +€931 | +9.3% |
| Financial income | 75/76B | €3,239 | €3,610 | +€370 | +11.4% |
| Recurring financial income | 75 | €3,239 | €3,610 | +€370 | +11.4% |
| Financial charges | 65/66B | €763 | €677 | -€86 | -11.3% |
| Recurring financial charges | 65 | €763 | €677 | -€86 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €12,439 | €13,826 | +€1,387 | +11.2% |
| Income taxes | 67/77 | €4,770 | €5,190 | +€420 | +8.8% |
| Profit (loss) for the period | 9904 | €7,669 | €8,636 | +€967 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,669 | €8,636 | +€967 | +12.6% |
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 23 October 2026 via checked.be.