Immo - Willambroux: 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.
What changed
Immo - Willambroux
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€129,070
2024 · -€290,227+€161,158
Equity
€12.0m
2024 · €12.1m-€129,070
Cash
€65,377
2024 · €41,065+€24,311
Balance sheet total
€24.3m
2024 · €25.1m-€790,752
Largest movements
Assets
- Financial fixed assets -€1.1m
down €1.1m (-19.0%), from €6.0m to €4.8m
- Receivables within one year +€315,136
up €315,136 (+1.9%), from €16.3m to €16.6m
of which Other amounts receivable: +€360,686
Equity and liabilities
- Current portion of long-term debt -€696,138
down €696,138 (-81.5%), from €854,293 to €158,155
Income statement
- Gross operating margin +€139,254
up €139,254 (+56.9%), from €244,805 to €384,059
- Financial charges -€70,385
down €70,385 (-28.3%), from €248,276 to €177,891
- Depreciation -€5,901
down €5,901 (-4.0%), from €147,239 to €141,338
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.
Result 2024
-€290,227
Gross operating margin
+€139,254
Depreciation
+€5,901
Other operating charges
-€1,177
Other operating items
-€53,228
Financial charges
+€70,385
Taxes
+€22
Result 2025
-€129,070
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.
From operations
-€110,257
Investment
+€988,861
Financing
-€854,293
Cash 2024
€41,065
From operations (derived)
-€110,257
Net result for the year
-€129,070
Depreciation
+€141,338
Receivables within one year
-€315,136
Provisions
-€21,483
Trade debts
+€92,929
Tax, wage and social debts
+€4,170
Other debts
+€116,994
Investment (derived)
+€988,861
Investment in fixed assets (net)
+€988,861
Financing
-€854,293
Debts after one year
-€158,155
Current portion of long-term debt
-€696,138
Cash 2025
€65,377
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,060,064 | €24,269,312 | -€790,752 | -3.2% |
| Fixed assets | 21/28 | €8,759,423 | €7,629,224 | -€1.1m | -12.9% |
| Tangible fixed assets | 22/27 | €2,776,081 | €2,781,534 | +€5,453 | +0.2% |
| Land and buildings | 22 | €2,417,379 | €2,367,363 | -€50,016 | -2.1% |
| Plant, machinery and equipment | 23 | €26,628 | €22,336 | -€4,292 | -16.1% |
| Furniture and vehicles | 24 | €126,346 | €119,728 | -€6,618 | -5.2% |
| Assets under construction and advance payments | 27 | €205,728 | €272,107 | +€66,379 | +32.3% |
| Financial fixed assets | 28 | €5,983,343 | €4,847,690 | -€1.1m | -19.0% |
| Current assets | 29/58 | €16,300,640 | €16,640,088 | +€339,447 | +2.1% |
| Amounts receivable within one year | 40/41 | €16,259,575 | €16,574,711 | +€315,136 | +1.9% |
| Trade receivables | 40 | €112,920 | €67,370 | -€45,550 | -40.3% |
| Other amounts receivable | 41 | €16,146,655 | €16,507,341 | +€360,686 | +2.2% |
| Cash at bank and in hand | 54/58 | €41,065 | €65,377 | +€24,311 | +59.2% |
| Total equity and liabilities | 10/49 | €25,060,064 | €24,269,312 | -€790,752 | -3.2% |
| Equity | 10/15 | €12,105,297 | €11,976,227 | -€129,070 | -1.1% |
| Contributions | 10/11 | €117,700 | €117,700 | = | 0.0% |
| Capital | 10 | €117,700 | €117,700 | = | 0.0% |
| Issued capital | 100 | €117,700 | €117,700 | = | 0.0% |
| Revaluation surpluses | 12 | €507,780 | €507,780 | = | 0.0% |
| Reserves | 13 | €11,889,786 | €11,837,183 | -€52,603 | -0.4% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €809,269 | €756,666 | -€52,603 | -6.5% |
| Distributable reserves | 133 | €11,068,517 | €11,068,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€409,969 | -€486,436 | -€76,467 | -18.7% |
| Provisions and deferred taxes | 16 | €330,548 | €309,065 | -€21,483 | -6.5% |
| Deferred taxes | 168 | €330,548 | €309,065 | -€21,483 | -6.5% |
| Amounts payable | 17/49 | €12,624,218 | €11,984,019 | -€640,199 | -5.1% |
| Amounts payable after more than one year | 17 | €1,042,880 | €884,725 | -€158,155 | -15.2% |
| Financial debts | 170/4 | €1,042,880 | €884,725 | -€158,155 | -15.2% |
| Amounts payable within one year | 42/48 | €11,581,338 | €11,099,294 | -€482,044 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €854,293 | €158,155 | -€696,138 | -81.5% |
| Trade debts | 44 | €2,142 | €95,071 | +€92,929 | +4339.4% |
| Suppliers | 440/4 | €2,142 | €95,071 | +€92,929 | +4339.4% |
| Advances received on contracts in progress | 46 | €1,200 | €1,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,752 | €31,922 | +€4,170 | +15.0% |
| Taxes | 450/3 | €27,752 | €31,922 | +€4,170 | +15.0% |
| Other amounts payable | 47/48 | €10,695,952 | €10,812,946 | +€116,994 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,239 | €141,338 | -€5,901 | -4.0% |
| Other operating charges | 640/8 | €7,820 | €8,997 | +€1,177 | +15.0% |
| Non-recurring operating charges | 66A | €152,663 | €205,890 | +€53,228 | +34.9% |
| Gross operating margin | 9900 | €244,805 | €384,059 | +€139,254 | +56.9% |
| Operating profit (loss) | 9901 | -€62,917 | €27,834 | +€90,751 | |
| Financial charges | 65/66B | €248,276 | €177,891 | -€70,385 | -28.3% |
| Recurring financial charges | 65 | €248,276 | €177,891 | -€70,385 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€311,193 | -€150,057 | +€161,136 | +51.8% |
| Transfer from deferred taxes | 780 | €21,483 | €21,483 | = | 0.0% |
| Income taxes | 67/77 | €517 | €496 | -€22 | -4.2% |
| Profit (loss) for the period | 9904 | -€290,227 | -€129,070 | +€161,158 | +55.5% |
| Transfer from tax-exempt reserves | 789 | €52,603 | €52,603 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€237,624 | -€76,467 | +€161,158 | +67.8% |
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 8 October 2026 via checked.be.