Immo Walbers: 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 Walbers
Largest movements
- Receivables within one year -€89,282
down €89,282 (-32.7%), from €273,105 to €183,823
of which Trade receivables: -€82,204
- Cash +€16,020
up €16,020 (+382%), from €4,189 to €20,209
mainly Receivables within one year (+€89,282) and Tax, wage and social debts (+€22,046)
- Tangible fixed assets -€8,000
down €8,000 (-26.1%), from €30,667 to €22,667
- Other debts -€101,039
down €101,039 (-40.9%), from €247,000 to €145,961
- Tax, wage and social debts +€22,046
up €22,046 (+65.7%), from €33,546 to €55,592
of which Taxes: +€43,423
- Trade debts -€5,807
down €5,807 (-16.0%), from €36,264 to €30,457
- Gross operating margin -€96,955
down €96,955 (-66.1%), from €146,656 to €49,701
- Staff costs -€95,006
down €95,006 (-73.1%), from €129,924 to €34,918
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 | €323,903 | €240,895 | -€83,008 | -25.6% |
| Fixed assets | 21/28 | €45,963 | €35,964 | -€9,999 | -21.8% |
| Intangible fixed assets | 21 | €15,296 | €13,298 | -€1,998 | -13.1% |
| Tangible fixed assets | 22/27 | €30,667 | €22,667 | -€8,000 | -26.1% |
| Furniture and vehicles | 24 | €30,667 | €22,667 | -€8,000 | -26.1% |
| Current assets | 29/58 | €277,940 | €204,931 | -€73,009 | -26.3% |
| Amounts receivable within one year | 40/41 | €273,105 | €183,823 | -€89,282 | -32.7% |
| Trade receivables | 40 | €266,015 | €183,810 | -€82,204 | -30.9% |
| Other amounts receivable | 41 | €7,091 | €13 | -€7,078 | -99.8% |
| Cash at bank and in hand | 54/58 | €4,189 | €20,209 | +€16,020 | +382% |
| Deferred charges and accrued income | 490/1 | €645 | €898 | +€253 | +39.2% |
| Total equity and liabilities | 10/49 | €323,903 | €240,895 | -€83,008 | -25.6% |
| Equity | 10/15 | €7,093 | €8,885 | +€1,792 | +25.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,093 | €3,885 | +€1,792 | +85.6% |
| Distributable reserves | 133 | €2,093 | €3,885 | +€1,792 | +85.6% |
| Amounts payable | 17/49 | €316,810 | €232,010 | -€84,800 | -26.8% |
| Amounts payable within one year | 42/48 | €316,810 | €232,010 | -€84,800 | -26.8% |
| Trade debts | 44 | €36,264 | €30,457 | -€5,807 | -16.0% |
| Suppliers | 440/4 | €36,264 | €30,457 | -€5,807 | -16.0% |
| Taxes, remuneration and social security | 45 | €33,546 | €55,592 | +€22,046 | +65.7% |
| Taxes | 450/3 | €6,338 | €49,761 | +€43,423 | +685% |
| Remuneration and social security | 454/9 | €27,208 | €5,831 | -€21,377 | -78.6% |
| Other amounts payable | 47/48 | €247,000 | €145,961 | -€101,039 | -40.9% |
| Remuneration, social security and pensions | 62 | €129,924 | €34,918 | -€95,006 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,962 | €9,999 | -€964 | -8.8% |
| Other operating charges | 640/8 | €2,342 | €1,332 | -€1,010 | -43.1% |
| Gross operating margin | 9900 | €146,656 | €49,701 | -€96,955 | -66.1% |
| Operating profit (loss) | 9901 | €3,427 | €3,452 | +€24 | +0.7% |
| Financial income | 75/76B | €0 | €270 | +€270 | +96,271% |
| Recurring financial income | 75 | €0 | €270 | +€270 | +96,271% |
| Financial charges | 65/66B | €548 | €1,157 | +€609 | +111% |
| Recurring financial charges | 65 | €548 | €1,157 | +€609 | +111% |
| Profit (loss) for the period before taxes | 9903 | €2,880 | €2,564 | -€316 | -11.0% |
| Income taxes | 67/77 | €787 | €772 | -€14 | -1.8% |
| Profit (loss) for the period | 9904 | €2,093 | €1,792 | -€301 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,093 | €1,792 | -€301 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.