IMMO WAZON: what changed
Two fiscal 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 WAZON
Largest movements
- Cash +€2.2m
up €2.2m (+1888.3%), from €118,242 to €2.4m
mainly Net result for the year (+€1.0m) and Current investments (+€800,000)
- Current investments -€800,000
down €800,000 (-100.0%), from €800,000 to €0
- Tangible fixed assets -€419,434
down €419,434 (-42.6%), from €984,209 to €564,775
of which Land and buildings: -€416,241
- Reserves +€1.0m
up €1.0m (+58.9%), from €1.7m to €2.7m
of which Distributable reserves: +€1.1m
- Tax, wage and social debts +€56,508
up €56,508 (+241.1%), from €23,434 to €79,942
- Provisions -€32,857
down €32,857 (-48.1%), from €68,368 to €35,510
- Gross operating margin +€1.0m
up €1.0m (+206.3%), from €498,172 to €1.5m
- Taxes +€339,101
up €339,101 (+205.0%), from €165,384 to €504,485
- Depreciation -€41,900
down €41,900 (-56.6%), from €74,041 to €32,141
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.
Cash bridge derived
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 | €1,904,098 | €2,917,201 | +€1.0m | +53.2% |
| Fixed assets | 21/28 | €984,209 | €564,775 | -€419,434 | -42.6% |
| Tangible fixed assets | 22/27 | €984,209 | €564,775 | -€419,434 | -42.6% |
| Land and buildings | 22 | €972,717 | €556,476 | -€416,241 | -42.8% |
| Plant, machinery and equipment | 23 | €11,492 | €8,299 | -€3,193 | -27.8% |
| Current assets | 29/58 | €919,890 | €2,352,426 | +€1.4m | +155.7% |
| Amounts receivable within one year | 40/41 | - | €1,142 | +€1,142 | |
| Trade receivables | 40 | - | €1,142 | +€1,142 | |
| Current investments | 50/53 | €800,000 | €0 | -€800,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €118,242 | €2,350,946 | +€2.2m | +1888.3% |
| Deferred charges and accrued income | 490/1 | €1,648 | €337 | -€1,311 | -79.6% |
| Total equity and liabilities | 10/49 | €1,904,098 | €2,917,201 | +€1.0m | +53.2% |
| Equity | 10/15 | €1,779,636 | €2,784,009 | +€1.0m | +56.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,705,268 | €2,709,641 | +€1.0m | +58.9% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,923 | €89,256 | -€76,667 | -46.2% |
| Distributable reserves | 133 | €1,531,908 | €2,612,948 | +€1.1m | +70.6% |
| Provisions and deferred taxes | 16 | €68,368 | €35,510 | -€32,857 | -48.1% |
| Deferred taxes | 168 | €68,368 | €35,510 | -€32,857 | -48.1% |
| Amounts payable | 17/49 | €56,095 | €97,682 | +€41,587 | +74.1% |
| Amounts payable within one year | 42/48 | €44,978 | €88,106 | +€43,128 | +95.9% |
| Trade debts | 44 | €1,955 | €1,794 | -€160 | -8.2% |
| Suppliers | 440/4 | €1,955 | €1,794 | -€160 | -8.2% |
| Taxes, remuneration and social security | 45 | €23,434 | €79,942 | +€56,508 | +241.1% |
| Taxes | 450/3 | €23,434 | €79,942 | +€56,508 | +241.1% |
| Other amounts payable | 47/48 | €19,589 | €6,369 | -€13,220 | -67.5% |
| Accrued charges and deferred income | 492/3 | €11,117 | €9,576 | -€1,541 | -13.9% |
| Non-recurring operating income | 76A | €226,954 | €1,299,539 | +€1.1m | +472.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,041 | €32,141 | -€41,900 | -56.6% |
| Other operating charges | 640/8 | €33,642 | €33,011 | -€632 | -1.9% |
| Gross operating margin | 9900 | €498,172 | €1,525,998 | +€1.0m | +206.3% |
| Operating profit (loss) | 9901 | €390,488 | €1,460,846 | +€1.1m | +274.1% |
| Financial income | 75/76B | €7,739 | €15,259 | +€7,520 | +97.2% |
| Recurring financial income | 75 | €7,739 | €15,259 | +€7,520 | +97.2% |
| Financial charges | 65/66B | €267 | €104 | -€163 | -61.1% |
| Recurring financial charges | 65 | €267 | €104 | -€163 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €397,960 | €1,476,001 | +€1.1m | +270.9% |
| Transfer from deferred taxes | 780 | €36,534 | €32,857 | -€3,677 | -10.1% |
| Income taxes | 67/77 | €165,384 | €504,485 | +€339,101 | +205.0% |
| Profit (loss) for the period | 9904 | €269,111 | €1,004,373 | +€735,262 | +273.2% |
| Transfer from tax-exempt reserves | 789 | €85,247 | €76,667 | -€8,580 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €354,358 | €1,081,039 | +€726,682 | +205.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.