IMMO-WILLEMS: 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-WILLEMS
Largest movements
- Tangible fixed assets +€180,099
up €180,099 (+9.1%), from €2.0m to €2.2m
of which Other tangible fixed assets: +€238,216
- Receivables within one year +€71,537
up €71,537 (+172%), from €41,585 to €113,122
of which Trade receivables: +€48,771
- Other debts +€234,356
up €234,356 (+75.9%), from €308,613 to €542,969
- Trade debts +€69,344
up €69,344 (+127%), from €54,501 to €123,845
- Debts after one year -€56,038
down €56,038 (-2.3%), from €2.4m to €2.3m
- Gross operating margin +€108,818
up €108,818 (+83.7%), from €129,998 to €238,816
- Other operating charges -€10,284
down €10,284 (-35.0%), from €29,352 to €19,068
- Depreciation +€10,063
up €10,063 (+6.0%), from €166,951 to €177,013
- Financial charges +€3,219
up €3,219 (+9.1%), from €35,200 to €38,420
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 | €3,052,610 | €3,317,158 | +€264,548 | +8.7% |
| Fixed assets | 21/28 | €2,987,611 | €3,167,710 | +€180,099 | +6.0% |
| Tangible fixed assets | 22/27 | €1,975,216 | €2,155,315 | +€180,099 | +9.1% |
| Land and buildings | 22 | €1,655,467 | €1,547,617 | -€107,850 | -6.5% |
| Plant, machinery and equipment | 23 | €26,131 | €16,035 | -€10,096 | -38.6% |
| Furniture and vehicles | 24 | €551 | €60,379 | +€59,828 | +10,867% |
| Other tangible fixed assets | 26 | €293,067 | €531,284 | +€238,216 | +81.3% |
| Financial fixed assets | 28 | €1,012,395 | €1,012,395 | = | 0.0% |
| Current assets | 29/58 | €64,999 | €149,448 | +€84,449 | +130% |
| Amounts receivable within one year | 40/41 | €41,585 | €113,122 | +€71,537 | +172% |
| Trade receivables | 40 | €34,652 | €83,423 | +€48,771 | +141% |
| Other amounts receivable | 41 | €6,933 | €29,699 | +€22,766 | +328% |
| Cash at bank and in hand | 54/58 | €17,434 | €25,861 | +€8,428 | +48.3% |
| Deferred charges and accrued income | 490/1 | €5,980 | €10,465 | +€4,484 | +75.0% |
| Total equity and liabilities | 10/49 | €3,052,610 | €3,317,158 | +€264,548 | +8.7% |
| Equity | 10/15 | €57,785 | €61,672 | +€3,888 | +6.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €97,067 | €97,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,879 | €11,879 | = | 0.0% |
| Legal reserve | 130 | €11,879 | €11,879 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,500 | €27,500 | = | 0.0% |
| Distributable reserves | 133 | €57,688 | €57,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,282 | -€100,394 | +€3,888 | +3.7% |
| Amounts payable | 17/49 | €2,994,825 | €3,255,485 | +€260,660 | +8.7% |
| Amounts payable after more than one year | 17 | €2,387,623 | €2,331,585 | -€56,038 | -2.3% |
| Financial debts | 170/4 | €2,387,623 | €2,331,585 | -€56,038 | -2.3% |
| Amounts payable within one year | 42/48 | €572,019 | €895,727 | +€323,708 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €199,078 | €221,038 | +€21,960 | +11.0% |
| Trade debts | 44 | €54,501 | €123,845 | +€69,344 | +127% |
| Suppliers | 440/4 | €54,501 | €123,845 | +€69,344 | +127% |
| Taxes, remuneration and social security | 45 | €9,828 | €7,875 | -€1,952 | -19.9% |
| Taxes | 450/3 | €9,828 | €7,875 | -€1,952 | -19.9% |
| Other amounts payable | 47/48 | €308,613 | €542,969 | +€234,356 | +75.9% |
| Accrued charges and deferred income | 492/3 | €35,184 | €28,174 | -€7,010 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,951 | €177,013 | +€10,063 | +6.0% |
| Other operating charges | 640/8 | €29,352 | €19,068 | -€10,284 | -35.0% |
| Gross operating margin | 9900 | €129,998 | €238,816 | +€108,818 | +83.7% |
| Operating profit (loss) | 9901 | -€66,305 | €42,735 | +€109,040 | |
| Financial income | 75/76B | €21 | €490 | +€469 | +2,182% |
| Recurring financial income | 75 | €21 | €490 | +€469 | +2,182% |
| Financial charges | 65/66B | €35,200 | €38,420 | +€3,219 | +9.1% |
| Recurring financial charges | 65 | €35,200 | €38,420 | +€3,219 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€101,484 | €4,805 | +€106,289 | |
| Income taxes | 67/77 | €2,798 | €917 | -€1,881 | -67.2% |
| Profit (loss) for the period | 9904 | -€104,282 | €3,888 | +€108,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,282 | €3,888 | +€108,170 |
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 20 October 2026 via checked.be.