IMMO WANSART: 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 WANSART
Largest movements
- Stocks and contracts +€2.9m
up €2.9m (+17.5%), from €16.5m to €19.4m
- Cash -€2.1m
down €2.1m (-90.2%), from €2.4m to €232,923
mainly Debts after one year (-€11.9m) and Stocks and contracts (-€2.9m)
- Receivables within one year +€1.4m
up €1.4m (+507%), from €285,529 to €1.7m
of which Trade receivables: +€1.5m
- Current portion of long-term debt +€13.0m
new in 2025: €13.0m
- Debts after one year -€11.9m
down €11.9m (-66.3%), from €17.9m to €6.0m
- Provisions +€475,000
new in 2025: €475,000
- Trade debts +€366,400
up €366,400 (+36.6%), from €1.0m to €1.4m
- Other operating charges -€812,119
down €812,119 (-63.2%), from €1.3m to €472,563
- Provisions +€475,000
new in 2025: €475,000
- Financial charges -€292,786
down €292,786 (-25.8%), from €1.1m to €844,245
of which Financial charges: -€312,785
- Gross operating margin -€260,280
down €260,280 (-11.2%), from €2.3m to €2.1m
- Financial income -€65,307
down €65,307 (-99.0%), from €65,987 to €680
of which Non-recurring financial income: -€49,378
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 | €19,325,026 | €21,485,030 | +€2.2m | +11.2% |
| Fixed assets | 21/28 | €20,000 | - | -€20,000 | |
| Financial fixed assets | 28 | €20,000 | - | -€20,000 | |
| Current assets | 29/58 | €19,305,026 | €21,485,030 | +€2.2m | +11.3% |
| Stocks and contracts in progress | 3 | €16,527,293 | €19,425,595 | +€2.9m | +17.5% |
| Stocks | 30/36 | €16,527,293 | €19,425,595 | +€2.9m | +17.5% |
| Amounts receivable within one year | 40/41 | €285,529 | €1,732,560 | +€1.4m | +507% |
| Trade receivables | 40 | €176,687 | €1,641,313 | +€1.5m | +829% |
| Other amounts receivable | 41 | €108,842 | €91,247 | -€17,595 | -16.2% |
| Cash at bank and in hand | 54/58 | €2,371,566 | €232,923 | -€2.1m | -90.2% |
| Deferred charges and accrued income | 490/1 | €120,638 | €93,952 | -€26,686 | -22.1% |
| Total equity and liabilities | 10/49 | €19,325,026 | €21,485,030 | +€2.2m | +11.2% |
| Equity | 10/15 | €160,378 | €357,627 | +€197,249 | +123% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | - | €9,862 | +€9,862 | |
| Non-distributable reserves | 130/1 | - | €9,862 | +€9,862 | |
| Legal reserve | 130 | - | €9,862 | +€9,862 | |
| Profit (loss) carried forward | 14 | -€39,622 | €147,765 | +€187,387 | |
| Provisions and deferred taxes | 16 | - | €475,000 | +€475,000 | |
| Provisions for liabilities and charges | 160/5 | - | €475,000 | +€475,000 | |
| Other liabilities and charges | 164/5 | - | €475,000 | +€475,000 | |
| Amounts payable | 17/49 | €19,164,648 | €20,652,403 | +€1.5m | +7.8% |
| Amounts payable after more than one year | 17 | €17,876,849 | €6,016,885 | -€11.9m | -66.3% |
| Financial debts | 170/4 | €17,876,849 | €6,016,885 | -€11.9m | -66.3% |
| Amounts payable within one year | 42/48 | €1,034,660 | €14,535,489 | +€13.5m | +1,305% |
| Current portion of amounts payable after more than one year | 42 | - | €13,020,139 | +€13.0m | |
| Trade debts | 44 | €1,000,992 | €1,367,392 | +€366,400 | +36.6% |
| Suppliers | 440/4 | €1,000,992 | €1,367,392 | +€366,400 | +36.6% |
| Taxes, remuneration and social security | 45 | €33,668 | €147,958 | +€114,290 | +339% |
| Taxes | 450/3 | €33,668 | €147,958 | +€114,290 | +339% |
| Accrued charges and deferred income | 492/3 | €253,139 | €100,029 | -€153,110 | -60.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €475,000 | +€475,000 | |
| Other operating charges | 640/8 | €1,284,682 | €472,563 | -€812,119 | -63.2% |
| Gross operating margin | 9900 | €2,315,044 | €2,054,764 | -€260,280 | -11.2% |
| Operating profit (loss) | 9901 | €1,030,362 | €1,107,201 | +€76,839 | +7.5% |
| Financial income | 75/76B | €65,987 | €680 | -€65,307 | -99.0% |
| Recurring financial income | 75 | €16,609 | €680 | -€15,929 | -95.9% |
| Non-recurring financial income | 76B | €49,378 | - | -€49,378 | |
| Financial charges | 65/66B | €1,137,031 | €844,245 | -€292,786 | -25.8% |
| Recurring financial charges | 65 | €1,137,031 | €824,246 | -€312,785 | -27.5% |
| Non-recurring financial charges | 66B | - | €19,999 | +€19,999 | |
| Profit (loss) for the period before taxes | 9903 | -€40,682 | €263,636 | +€304,318 | |
| Income taxes | 67/77 | €14,988 | €66,386 | +€51,398 | +343% |
| Profit (loss) for the period | 9904 | -€55,670 | €197,250 | +€252,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,670 | €197,250 | +€252,920 |
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 17 October 2026 via checked.be.