IMMO WAUTERS: 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 WAUTERS
Largest movements
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€23,174
up €23,174 (+5.8%), from €400,839 to €424,013
mainly Receivables after one year (+€100,000) and Depreciation (+€63,313)
- Reserves -€44,125
down €44,125 (-3.2%), from €1.4m to €1.3m
- Other debts -€23,388
down €23,388 (-8.4%), from €279,380 to €255,993
- Gross operating margin -€16,830
down €16,830 (-28.3%), from €59,374 to €42,544
- Depreciation +€1,616
up €1,616 (+2.6%), from €61,697 to €63,313
- Other operating charges +€940
up €940 (+3.7%), from €25,139 to €26,079
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 | €1,693,008 | €1,622,178 | -€70,830 | -4.2% |
| Fixed assets | 21/28 | €1,174,314 | €1,183,435 | +€9,121 | +0.8% |
| Tangible fixed assets | 22/27 | €1,174,314 | €1,183,435 | +€9,121 | +0.8% |
| Land and buildings | 22 | €1,169,975 | €1,178,873 | +€8,899 | +0.8% |
| Plant, machinery and equipment | 23 | €2,483 | €3,058 | +€575 | +23.2% |
| Furniture and vehicles | 24 | €1,856 | €1,503 | -€353 | -19.0% |
| Current assets | 29/58 | €518,694 | €438,743 | -€79,951 | -15.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Trade receivables | 290 | €100,000 | €0 | -€100,000 | -100% |
| Amounts receivable within one year | 40/41 | €6,300 | €3,720 | -€2,579 | -40.9% |
| Other amounts receivable | 41 | €6,300 | €3,720 | -€2,579 | -40.9% |
| Current investments | 50/53 | €1,239 | €1,239 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €400,839 | €424,013 | +€23,174 | +5.8% |
| Deferred charges and accrued income | 490/1 | €10,316 | €9,770 | -€546 | -5.3% |
| Total equity and liabilities | 10/49 | €1,693,008 | €1,622,178 | -€70,830 | -4.2% |
| Equity | 10/15 | €1,395,426 | €1,349,441 | -€45,985 | -3.3% |
| Contributions | 10/11 | €20,452 | €18,592 | -€1,860 | -9.1% |
| Reserves | 13 | €1,374,974 | €1,330,849 | -€44,125 | -3.2% |
| Distributable reserves | 133 | €1,374,974 | €1,330,849 | -€44,125 | -3.2% |
| Amounts payable | 17/49 | €297,582 | €272,737 | -€24,846 | -8.3% |
| Amounts payable within one year | 42/48 | €297,582 | €272,737 | -€24,846 | -8.3% |
| Financial debts | 43 | - | €1,400 | +€1,400 | |
| Credit institutions | 430/8 | - | €1,400 | +€1,400 | |
| Trade debts | 44 | €10,260 | €7,569 | -€2,690 | -26.2% |
| Suppliers | 440/4 | €10,260 | €7,569 | -€2,690 | -26.2% |
| Taxes, remuneration and social security | 45 | €7,942 | €7,775 | -€167 | -2.1% |
| Taxes | 450/3 | €7,942 | €7,775 | -€167 | -2.1% |
| Other amounts payable | 47/48 | €279,380 | €255,993 | -€23,388 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,697 | €63,313 | +€1,616 | +2.6% |
| Other operating charges | 640/8 | €25,139 | €26,079 | +€940 | +3.7% |
| Gross operating margin | 9900 | €59,374 | €42,544 | -€16,830 | -28.3% |
| Operating profit (loss) | 9901 | -€27,462 | -€46,848 | -€19,385 | -70.6% |
| Financial income | 75/76B | €1,529 | €1,780 | +€251 | +16.4% |
| Recurring financial income | 75 | €1,529 | €1,780 | +€251 | +16.4% |
| Financial charges | 65/66B | €108 | €118 | +€10 | +9.0% |
| Recurring financial charges | 65 | €108 | €118 | +€10 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,042 | -€45,186 | -€19,144 | -73.5% |
| Income taxes | 67/77 | €807 | €799 | -€8 | -1.0% |
| Profit (loss) for the period | 9904 | -€26,849 | -€45,985 | -€19,136 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,849 | -€45,985 | -€19,136 | -71.3% |
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.