IMMO WCW: 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 WCW
Largest movements
- Tangible fixed assets -€88,637
down €88,637 (-9.3%), from €949,850 to €861,213
of which Land and buildings: -€62,972
- Receivables within one year -€24,162
down €24,162 (-47.0%), from €51,355 to €27,193
of which Other amounts receivable: -€36,637
- Current portion of long-term debt -€40,145
down €40,145 (-56.7%), from €70,741 to €30,596
- Reserves -€34,727
down €34,727 (-5.0%), from €690,031 to €655,304
of which Tax-exempt reserves: -€29,098
- Other debts +€34,414
up €34,414 (+114%), from €30,285 to €64,699
- Debts after one year -€30,596
down €30,596 (-60.8%), from €50,316 to €19,720
- Tax, wage and social debts -€27,774
down €27,774 (-100%), from €27,774 to €0
- Gross operating margin +€27,521
up €27,521 (+31.2%), from €88,229 to €115,749
- Taxes +€4,202
up €4,202 (+39.7%), from €10,588 to €14,791
- Other operating charges +€2,542
up €2,542 (+21.7%), from €11,734 to €14,276
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 | €1,046,887 | €938,565 | -€108,322 | -10.3% |
| Fixed assets | 21/28 | €949,850 | €861,213 | -€88,637 | -9.3% |
| Tangible fixed assets | 22/27 | €949,850 | €861,213 | -€88,637 | -9.3% |
| Land and buildings | 22 | €844,329 | €781,357 | -€62,972 | -7.5% |
| Plant, machinery and equipment | 23 | €6,384 | €5,651 | -€733 | -11.5% |
| Furniture and vehicles | 24 | €93,537 | €68,604 | -€24,933 | -26.7% |
| Other tangible fixed assets | 26 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €97,037 | €77,352 | -€19,685 | -20.3% |
| Amounts receivable within one year | 40/41 | €51,355 | €27,193 | -€24,162 | -47.0% |
| Trade receivables | 40 | €11,875 | €24,350 | +€12,475 | +105% |
| Other amounts receivable | 41 | €39,480 | €2,843 | -€36,637 | -92.8% |
| Cash at bank and in hand | 54/58 | €45,682 | €50,159 | +€4,477 | +9.8% |
| Total equity and liabilities | 10/49 | €1,046,887 | €938,565 | -€108,322 | -10.3% |
| Equity | 10/15 | €741,345 | €706,619 | -€34,727 | -4.7% |
| Contributions | 10/11 | €51,315 | €51,315 | = | 0.0% |
| Reserves | 13 | €690,031 | €655,304 | -€34,727 | -5.0% |
| Tax-exempt reserves | 132 | €378,275 | €349,177 | -€29,098 | -7.7% |
| Distributable reserves | 133 | €311,756 | €306,127 | -€5,629 | -1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €126,092 | €116,392 | -€9,699 | -7.7% |
| Deferred taxes | 168 | €126,092 | €116,392 | -€9,699 | -7.7% |
| Amounts payable | 17/49 | €179,450 | €115,554 | -€63,896 | -35.6% |
| Amounts payable after more than one year | 17 | €50,316 | €19,720 | -€30,596 | -60.8% |
| Financial debts | 170/4 | €50,316 | €19,720 | -€30,596 | -60.8% |
| Amounts payable within one year | 42/48 | €129,134 | €95,834 | -€33,300 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €70,741 | €30,596 | -€40,145 | -56.7% |
| Trade debts | 44 | €334 | €539 | +€204 | +61.2% |
| Suppliers | 440/4 | €334 | €539 | +€204 | +61.2% |
| Taxes, remuneration and social security | 45 | €27,774 | €0 | -€27,774 | -100% |
| Taxes | 450/3 | €27,774 | €0 | -€27,774 | -100% |
| Other amounts payable | 47/48 | €30,285 | €64,699 | +€34,414 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,107 | €88,637 | -€470 | -0.5% |
| Other operating charges | 640/8 | €11,734 | €14,276 | +€2,542 | +21.7% |
| Gross operating margin | 9900 | €88,229 | €115,749 | +€27,521 | +31.2% |
| Operating profit (loss) | 9901 | -€12,612 | €12,836 | +€25,448 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €3,560 | €2,471 | -€1,089 | -30.6% |
| Recurring financial charges | 65 | €3,560 | €2,471 | -€1,089 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,165 | €10,365 | +€26,530 | |
| Transfer from deferred taxes | 780 | €9,699 | €9,699 | +€0 | 0.0% |
| Income taxes | 67/77 | €10,588 | €14,791 | +€4,202 | +39.7% |
| Profit (loss) for the period | 9904 | -€17,054 | €5,273 | +€22,328 | |
| Transfer from tax-exempt reserves | 789 | €29,098 | €29,098 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,044 | €34,371 | +€22,328 | +185% |
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 29 October 2026 via checked.be.