IMMO WESSEL: 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 WESSEL
Largest movements
- Receivables within one year +€50,693
up €50,693 (+2.4%), from €2.1m to €2.2m
- Tangible fixed assets -€40,951
down €40,951 (-6.9%), from €596,509 to €555,558
of which Land and buildings: -€25,248
- Profit (loss) carried forward +€78,420
up €78,420 (+12.5%), from -€624,885 to -€546,465
- Other debts -€33,876
down €33,876 (-1.1%), from €3.0m to €2.9m
- Debts after one year -€31,151
down €31,151 (-29.1%), from €107,098 to €75,947
- Gross operating margin +€13,419
up €13,419 (+9.3%), from €144,023 to €157,442
- Financial income -€12,800
down €12,800 (-100.0%), from €12,800 to €0
- Depreciation -€6,900
down €6,900 (-12.7%), from €54,442 to €47,542
- Other operating charges +€5,072
up €5,072 (+78.8%), from €6,438 to €11,510
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 | €2,744,345 | €2,755,999 | +€11,655 | +0.4% |
| Fixed assets | 21/28 | €596,509 | €555,558 | -€40,951 | -6.9% |
| Tangible fixed assets | 22/27 | €596,509 | €555,558 | -€40,951 | -6.9% |
| Land and buildings | 22 | €423,934 | €398,686 | -€25,248 | -6.0% |
| Plant, machinery and equipment | 23 | €3,560 | €2,820 | -€740 | -20.8% |
| Furniture and vehicles | 24 | €4,462 | €3,058 | -€1,404 | -31.5% |
| Other tangible fixed assets | 26 | €164,553 | €150,993 | -€13,560 | -8.2% |
| Current assets | 29/58 | €2,147,836 | €2,200,442 | +€52,606 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,129,420 | €2,180,112 | +€50,693 | +2.4% |
| Other amounts receivable | 41 | €2,129,420 | €2,180,112 | +€50,693 | +2.4% |
| Cash at bank and in hand | 54/58 | €13,796 | €15,306 | +€1,510 | +10.9% |
| Deferred charges and accrued income | 490/1 | €4,620 | €5,023 | +€403 | +8.7% |
| Total equity and liabilities | 10/49 | €2,744,345 | €2,755,999 | +€11,655 | +0.4% |
| Equity | 10/15 | -€377,537 | -€299,117 | +€78,420 | +20.8% |
| Contributions | 10/11 | €247,348 | €247,348 | = | 0.0% |
| Capital | 10 | €247,348 | €247,348 | = | 0.0% |
| Issued capital | 100 | €247,348 | €247,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€624,885 | -€546,465 | +€78,420 | +12.5% |
| Amounts payable | 17/49 | €3,121,881 | €3,055,116 | -€66,765 | -2.1% |
| Amounts payable after more than one year | 17 | €107,098 | €75,947 | -€31,151 | -29.1% |
| Financial debts | 170/4 | €107,098 | €75,947 | -€31,151 | -29.1% |
| Amounts payable within one year | 42/48 | €3,011,889 | €2,976,274 | -€35,615 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €31,656 | €31,151 | -€506 | -1.6% |
| Trade debts | 44 | €3,725 | €2,219 | -€1,506 | -40.4% |
| Suppliers | 440/4 | €3,725 | €2,219 | -€1,506 | -40.4% |
| Advances received on contracts in progress | 46 | €750 | €750 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,460 | €1,732 | +€273 | +18.7% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €1,460 | €1,732 | +€273 | +18.7% |
| Other amounts payable | 47/48 | €2,974,297 | €2,940,421 | -€33,876 | -1.1% |
| Accrued charges and deferred income | 492/3 | €2,895 | €2,895 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €16,490 | €16,446 | -€44 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,442 | €47,542 | -€6,900 | -12.7% |
| Other operating charges | 640/8 | €6,438 | €11,510 | +€5,072 | +78.8% |
| Gross operating margin | 9900 | €144,023 | €157,442 | +€13,419 | +9.3% |
| Operating profit (loss) | 9901 | €66,652 | €81,944 | +€15,292 | +22.9% |
| Financial income | 75/76B | €12,800 | €0 | -€12,800 | -100.0% |
| Recurring financial income | 75 | €12,800 | €0 | -€12,800 | -100.0% |
| Financial charges | 65/66B | €4,489 | €3,524 | -€965 | -21.5% |
| Recurring financial charges | 65 | €4,489 | €3,524 | -€965 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €74,964 | €78,420 | +€3,456 | +4.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €74,964 | €78,420 | +€3,456 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,964 | €78,420 | +€3,456 | +4.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.