Immo West II: 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 West II
Largest movements
- Receivables within one year +€48,705
up €48,705 (+4.0%), from €1.2m to €1.3m
of which Other amounts receivable: +€48,705
- Reserves +€159,795
up €159,795 (+11.2%), from €1.4m to €1.6m
of which Distributable reserves: +€159,795
- Debts after one year -€83,335
no longer reported in 2024 (was €83,335)
- Current portion of long-term debt -€83,332
down €83,332 (-50.0%), from €166,667 to €83,335
- Other debts +€49,576
up €49,576 (+5.2%), from €945,465 to €995,041
- Turnover +€13,572
up €13,572 (+6.5%), from €207,485 to €221,057
- Taxes +€11,278
up €11,278 (+30.8%), from €36,576 to €47,854
- Financial charges -€3,026
down €3,026 (-6.1%), from €49,408 to €46,381
- Financial income +€2,856
up €2,856 (+3.7%), from €76,242 to €79,097
- Services and other goods -€2,540
down €2,540 (-11.8%), from €21,457 to €18,918
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,694,946 | €3,737,575 | +€42,629 | +1.2% |
| Fixed assets | 21/28 | €1,983,640 | €1,978,945 | -€4,695 | -0.2% |
| Tangible fixed assets | 22/27 | €1,983,640 | €1,978,945 | -€4,695 | -0.2% |
| Land and buildings | 22 | €1,983,640 | €1,978,945 | -€4,695 | -0.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €1,711,306 | €1,758,630 | +€47,324 | +2.8% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,205,851 | €1,254,555 | +€48,705 | +4.0% |
| Trade receivables | 40 | €2,100 | €2,100 | = | 0.0% |
| Other amounts receivable | 41 | €1,203,751 | €1,252,455 | +€48,705 | +4.0% |
| Cash at bank and in hand | 54/58 | €5,456 | €4,075 | -€1,381 | -25.3% |
| Total equity and liabilities | 10/49 | €3,694,946 | €3,737,575 | +€42,629 | +1.2% |
| Equity | 10/15 | €2,494,760 | €2,654,555 | +€159,795 | +6.4% |
| Contributions | 10/11 | €450,250 | €450,250 | = | 0.0% |
| Capital | 10 | €450,250 | €450,250 | = | 0.0% |
| Issued capital | 100 | €450,250 | €450,250 | = | 0.0% |
| Revaluation surpluses | 12 | €617,375 | €617,375 | = | 0.0% |
| Reserves | 13 | €1,427,135 | €1,586,930 | +€159,795 | +11.2% |
| Non-distributable reserves | 130/1 | €45,025 | €45,025 | = | 0.0% |
| Legal reserve | 130 | €45,025 | €45,025 | = | 0.0% |
| Distributable reserves | 133 | €1,382,110 | €1,541,905 | +€159,795 | +11.6% |
| Amounts payable | 17/49 | €1,200,186 | €1,083,020 | -€117,166 | -9.8% |
| Amounts payable after more than one year | 17 | €83,335 | - | -€83,335 | |
| Financial debts | 170/4 | €83,335 | - | -€83,335 | |
| Credit institutions | 173 | €83,335 | - | -€83,335 | |
| Amounts payable within one year | 42/48 | €1,116,851 | €1,083,020 | -€33,831 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €166,667 | €83,335 | -€83,332 | -50.0% |
| Trade debts | 44 | €2,758 | €4,644 | +€1,886 | +68.4% |
| Suppliers | 440/4 | €2,758 | €4,644 | +€1,886 | +68.4% |
| Taxes, remuneration and social security | 45 | €1,962 | - | -€1,962 | |
| Taxes | 450/3 | €1,962 | - | -€1,962 | |
| Other amounts payable | 47/48 | €945,465 | €995,041 | +€49,576 | +5.2% |
| Operating income | 70/76A | €207,485 | €221,057 | +€13,572 | +6.5% |
| Turnover | 70 | €207,485 | €221,057 | +€13,572 | +6.5% |
| Operating charges | 60/66A | €47,810 | €46,124 | -€1,687 | -3.5% |
| Services and other goods | 61 | €21,457 | €18,918 | -€2,540 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,695 | €4,695 | +€0 | 0.0% |
| Other operating charges | 640/8 | €21,658 | €22,511 | +€853 | +3.9% |
| Operating profit (loss) | 9901 | €159,674 | €174,933 | +€15,258 | +9.6% |
| Financial income | 75/76B | €76,242 | €79,097 | +€2,856 | +3.7% |
| Recurring financial income | 75 | €76,242 | €79,097 | +€2,856 | +3.7% |
| Income from current assets | 751 | €76,242 | €79,097 | +€2,856 | +3.7% |
| Financial charges | 65/66B | €49,408 | €46,381 | -€3,026 | -6.1% |
| Recurring financial charges | 65 | €49,408 | €46,381 | -€3,026 | -6.1% |
| Debt charges | 650 | €48,820 | €45,793 | -€3,027 | -6.2% |
| Other financial charges | 652/9 | €588 | €588 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €186,509 | €207,649 | +€21,140 | +11.3% |
| Income taxes | 67/77 | €36,576 | €47,854 | +€11,278 | +30.8% |
| Taxes | 670/3 | €46,962 | €47,854 | +€892 | +1.9% |
| Tax adjustments and reversals of tax provisions | 77 | €10,386 | - | -€10,386 | |
| Profit (loss) for the period | 9904 | €149,933 | €159,795 | +€9,862 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €149,933 | €159,795 | +€9,862 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.