Immo Wayenborgh: 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 Wayenborgh
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,969
2024 · -€29,970+€38,939
Equity
€3.7m
2024 · €3.7m+€8,969
Cash
€25,362
2024 · €31,615-€6,253
Balance sheet total
€3.7m
2024 · €3.8m-€30,234
Largest movements
Assets
- Tangible fixed assets -€79,666
down €79,666 (-2.3%), from €3.5m to €3.4m
of which Land and buildings: -€86,417
- Receivables within one year +€45,437
up €45,437 (+20.5%), from €221,746 to €267,183
of which Other amounts receivable: +€47,783
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€47,688
up €47,688 (+45.0%), from €105,863 to €153,551
- Depreciation +€3,976
up €3,976 (+4.4%), from €91,363 to €95,339
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
-€29,970
Gross operating margin
+€47,688
Staff costs
-€312
Depreciation
-€3,976
Other operating charges
-€618
Other operating items
-€1,843
Financial income
-€857
Financial charges
-€1,143
Result 2025
€8,969
raises the resultlowers the resultnot broken down further in the accounts
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
+€9,420
Investment
-€15,673
Financing
€0
Cash 2024
€31,615
From operations (derived)
+€9,420
Net result for the year
+€8,969
Depreciation
+€95,339
Receivables after one year
+€3,889
Receivables within one year
-€45,437
Deferred charges and accrued income
-€14,137
Trade debts
-€3,984
Tax, wage and social debts
-€26,386
Other debts
-€9,850
Accrued charges and deferred income
+€1,017
Investment (derived)
-€15,673
Investment in fixed assets (net)
-€15,673
Cash 2025
€25,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,776,032 | €3,745,797 | -€30,234 | -0.8% |
| Fixed assets | 21/28 | €3,494,509 | €3,414,843 | -€79,666 | -2.3% |
| Tangible fixed assets | 22/27 | €3,494,509 | €3,414,843 | -€79,666 | -2.3% |
| Land and buildings | 22 | €3,481,919 | €3,395,502 | -€86,417 | -2.5% |
| Plant, machinery and equipment | 23 | €10,435 | €18,024 | +€7,588 | +72.7% |
| Furniture and vehicles | 24 | €2,155 | €1,317 | -€838 | -38.9% |
| Current assets | 29/58 | €281,522 | €330,954 | +€49,432 | +17.6% |
| Amounts receivable after more than one year | 29 | €23,087 | €19,198 | -€3,889 | -16.8% |
| Other amounts receivable | 291 | €23,087 | €19,198 | -€3,889 | -16.8% |
| Amounts receivable within one year | 40/41 | €221,746 | €267,183 | +€45,437 | +20.5% |
| Trade receivables | 40 | €2,345 | €0 | -€2,345 | -100% |
| Other amounts receivable | 41 | €219,400 | €267,183 | +€47,783 | +21.8% |
| Cash at bank and in hand | 54/58 | €31,615 | €25,362 | -€6,253 | -19.8% |
| Deferred charges and accrued income | 490/1 | €5,075 | €19,211 | +€14,137 | +279% |
| Total equity and liabilities | 10/49 | €3,776,032 | €3,745,797 | -€30,234 | -0.8% |
| Equity | 10/15 | €3,720,941 | €3,729,910 | +€8,969 | +0.2% |
| Contributions | 10/11 | €3,737,000 | €3,737,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€16,059 | -€7,090 | +€8,969 | +55.9% |
| Amounts payable | 17/49 | €55,090 | €15,887 | -€39,203 | -71.2% |
| Amounts payable within one year | 42/48 | €55,090 | €14,871 | -€40,220 | -73.0% |
| Trade debts | 44 | €5,808 | €1,825 | -€3,984 | -68.6% |
| Suppliers | 440/4 | €5,808 | €1,825 | -€3,984 | -68.6% |
| Taxes, remuneration and social security | 45 | €29,997 | €3,611 | -€26,386 | -88.0% |
| Taxes | 450/3 | €21,608 | €0 | -€21,608 | -100% |
| Remuneration and social security | 454/9 | €8,389 | €3,611 | -€4,778 | -57.0% |
| Other amounts payable | 47/48 | €19,285 | €9,435 | -€9,850 | -51.1% |
| Accrued charges and deferred income | 492/3 | - | €1,017 | +€1,017 | |
| Remuneration, social security and pensions | 62 | €32,970 | €33,282 | +€312 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,363 | €95,339 | +€3,976 | +4.4% |
| Other operating charges | 640/8 | €16,792 | €17,410 | +€618 | +3.7% |
| Non-recurring operating charges | 66A | - | €1,843 | +€1,843 | |
| Gross operating margin | 9900 | €105,863 | €153,551 | +€47,688 | +45.0% |
| Operating profit (loss) | 9901 | -€35,261 | €5,677 | +€40,939 | |
| Financial income | 75/76B | €5,546 | €4,689 | -€857 | -15.4% |
| Recurring financial income | 75 | €5,546 | €4,689 | -€857 | -15.4% |
| Financial charges | 65/66B | €255 | €1,397 | +€1,143 | +449% |
| Recurring financial charges | 65 | €255 | €1,397 | +€1,143 | +449% |
| Profit (loss) for the period before taxes | 9903 | -€29,970 | €8,969 | +€38,939 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,970 | €8,969 | +€38,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,970 | €8,969 | +€38,939 |
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 20 October 2026 via checked.be.