Immo Wilco: 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 Wilco
Largest movements
- Tangible fixed assets +€1.1m
new in 2025: €1.1m
- Receivables within one year -€378,741
down €378,741 (-35.5%), from €1.1m to €689,462
- Debts after one year +€634,161
up €634,161 (+170,547%), from €372 to €634,533
of which Financial debts: +€634,161
- Profit (loss) carried forward +€46,154
up €46,154, from -€40,962 to €5,192
- Current portion of long-term debt +€24,212
new in 2025: €24,212
- Reserves -€19,577
down €19,577 (-2.8%), from €711,457 to €691,880
of which Tax-exempt reserves: -€19,850
- Gross operating margin +€31,880
up €31,880, from -€142 to €31,738
- Depreciation +€30,256
new in 2025: €30,256
- Financial charges +€13,290
up €13,290 (+7,821%), from €170 to €13,460
- Financial income +€8,269
up €8,269 (+26.3%), from €31,481 to €39,750
- Taxes +€6,623
new in 2025: €6,623
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 | €1,068,312 | €1,755,955 | +€687,643 | +64.4% |
| Fixed assets | 21/28 | - | €1,063,970 | +€1.1m | |
| Tangible fixed assets | 22/27 | - | €1,063,970 | +€1.1m | |
| Land and buildings | 22 | - | €1,063,970 | +€1.1m | |
| Current assets | 29/58 | €1,068,312 | €691,985 | -€376,327 | -35.2% |
| Amounts receivable within one year | 40/41 | €1,068,202 | €689,462 | -€378,741 | -35.5% |
| Other amounts receivable | 41 | €1,068,202 | €689,462 | -€378,741 | -35.5% |
| Cash at bank and in hand | 54/58 | €110 | €24 | -€86 | -78.5% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €1,068,312 | €1,755,955 | +€687,643 | +64.4% |
| Equity | 10/15 | €794,441 | €821,018 | +€26,577 | +3.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €711,457 | €691,880 | -€19,577 | -2.8% |
| Non-distributable reserves | 130/1 | - | €273 | +€273 | |
| Legal reserve | 130 | - | €273 | +€273 | |
| Tax-exempt reserves | 132 | €711,457 | €691,606 | -€19,850 | -2.8% |
| Profit (loss) carried forward | 14 | -€40,962 | €5,192 | +€46,154 | |
| Provisions and deferred taxes | 16 | €273,152 | €265,128 | -€8,024 | -2.9% |
| Deferred taxes | 168 | €273,152 | €265,128 | -€8,024 | -2.9% |
| Amounts payable | 17/49 | €719 | €669,809 | +€669,090 | +93,095% |
| Amounts payable after more than one year | 17 | €372 | €634,533 | +€634,161 | +170,547% |
| Financial debts | 170/4 | - | €634,161 | +€634,161 | |
| Other amounts payable | 178/9 | €372 | €372 | = | 0.0% |
| Amounts payable within one year | 42/48 | €347 | €34,381 | +€34,034 | +9,811% |
| Current portion of amounts payable after more than one year | 42 | - | €24,212 | +€24,212 | |
| Trade debts | 44 | €347 | €3,546 | +€3,199 | +922% |
| Suppliers | 440/4 | €347 | €3,546 | +€3,199 | +922% |
| Taxes, remuneration and social security | 45 | - | €6,623 | +€6,623 | |
| Taxes | 450/3 | - | €6,623 | +€6,623 | |
| Accrued charges and deferred income | 492/3 | - | €895 | +€895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €30,256 | +€30,256 | |
| Other operating charges | 640/8 | €1,521 | €2,597 | +€1,076 | +70.7% |
| Gross operating margin | 9900 | -€142 | €31,738 | +€31,880 | |
| Operating profit (loss) | 9901 | -€1,663 | -€1,114 | +€549 | +33.0% |
| Financial income | 75/76B | €31,481 | €39,750 | +€8,269 | +26.3% |
| Recurring financial income | 75 | €31,481 | €39,750 | +€8,269 | +26.3% |
| Financial charges | 65/66B | €170 | €13,460 | +€13,290 | +7,821% |
| Recurring financial charges | 65 | €170 | €13,460 | +€13,290 | +7,821% |
| Profit (loss) for the period before taxes | 9903 | €29,648 | €25,176 | -€4,472 | -15.1% |
| Transfer from deferred taxes | 780 | - | €8,024 | +€8,024 | |
| Income taxes | 67/77 | - | €6,623 | +€6,623 | |
| Profit (loss) for the period | 9904 | €29,648 | €26,577 | -€3,071 | -10.4% |
| Transfer from tax-exempt reserves | 789 | - | €19,850 | +€19,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,648 | €46,427 | +€16,779 | +56.6% |
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 15 October 2026 via checked.be.