IMMO WILSON: 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 WILSON
Largest movements
- Tangible fixed assets -€55,100
down €55,100 (-3.0%), from €1.9m to €1.8m
of which Land and buildings: -€56,052
- Cash -€49,634
down €49,634 (-3.4%), from €1.5m to €1.4m
mainly Investment in fixed assets (net) (-€106,913) and Other debts (-€87,116)
- Other debts -€87,116
down €87,116 (-27.6%), from €315,453 to €228,337
- Provisions -€82,166
down €82,166 (-44.6%), from €184,034 to €101,868
- Reserves +€68,922
up €68,922 (+2.9%), from €2.4m to €2.4m
of which Distributable reserves: +€315,419
- Taxes +€100,081
up €100,081 (+222%), from €45,010 to €145,091
- Gross operating margin +€66,695
up €66,695 (+22.5%), from €296,718 to €363,413
- Depreciation -€46,607
down €46,607 (-22.4%), from €208,410 to €161,803
- Financial income -€25,265
down €25,265 (-51.9%), from €48,719 to €23,455
- Staff costs +€21,454
new in 2025: €21,454
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 | €3,326,728 | €3,229,544 | -€97,185 | -2.9% |
| Fixed assets | 21/28 | €1,852,700 | €1,797,809 | -€54,890 | -3.0% |
| Tangible fixed assets | 22/27 | €1,852,700 | €1,797,599 | -€55,100 | -3.0% |
| Land and buildings | 22 | €1,851,371 | €1,795,319 | -€56,052 | -3.0% |
| Plant, machinery and equipment | 23 | €1,328 | - | -€1,328 | |
| Furniture and vehicles | 24 | - | €2,280 | +€2,280 | |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €1,474,029 | €1,431,734 | -€42,294 | -2.9% |
| Amounts receivable within one year | 40/41 | €19,280 | €25,343 | +€6,063 | +31.4% |
| Trade receivables | 40 | - | €15,184 | +€15,184 | |
| Other amounts receivable | 41 | €19,280 | €10,159 | -€9,121 | -47.3% |
| Cash at bank and in hand | 54/58 | €1,454,544 | €1,404,910 | -€49,634 | -3.4% |
| Deferred charges and accrued income | 490/1 | €204 | €1,481 | +€1,277 | +625% |
| Total equity and liabilities | 10/49 | €3,326,728 | €3,229,544 | -€97,185 | -2.9% |
| Equity | 10/15 | €2,765,447 | €2,834,369 | +€68,922 | +2.5% |
| Contributions | 10/11 | €387,830 | €387,830 | = | 0.0% |
| Capital | 10 | €387,830 | €387,830 | = | 0.0% |
| Issued capital | 100 | €387,830 | €387,830 | = | 0.0% |
| Reserves | 13 | €2,377,617 | €2,446,539 | +€68,922 | +2.9% |
| Non-distributable reserves | 130/1 | €38,783 | €38,783 | = | 0.0% |
| Legal reserve | 130 | €38,783 | €38,783 | = | 0.0% |
| Tax-exempt reserves | 132 | €552,101 | €305,604 | -€246,497 | -44.6% |
| Distributable reserves | 133 | €1,786,733 | €2,102,152 | +€315,419 | +17.7% |
| Provisions and deferred taxes | 16 | €184,034 | €101,868 | -€82,166 | -44.6% |
| Deferred taxes | 168 | €184,034 | €101,868 | -€82,166 | -44.6% |
| Amounts payable | 17/49 | €377,248 | €293,306 | -€83,942 | -22.3% |
| Amounts payable after more than one year | 17 | €5,600 | €5,600 | = | 0.0% |
| Other amounts payable | 178/9 | €5,600 | €5,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €368,268 | €284,207 | -€84,061 | -22.8% |
| Trade debts | 44 | €24,921 | €20,905 | -€4,015 | -16.1% |
| Suppliers | 440/4 | €24,921 | €20,905 | -€4,015 | -16.1% |
| Taxes, remuneration and social security | 45 | €27,895 | €34,964 | +€7,069 | +25.3% |
| Taxes | 450/3 | €27,895 | €32,302 | +€4,407 | +15.8% |
| Remuneration and social security | 454/9 | - | €2,663 | +€2,663 | |
| Other amounts payable | 47/48 | €315,453 | €228,337 | -€87,116 | -27.6% |
| Accrued charges and deferred income | 492/3 | €3,379 | €3,499 | +€120 | +3.5% |
| Non-recurring operating income | 76A | €2 | €381 | +€379 | +18,932% |
| Remuneration, social security and pensions | 62 | - | €21,454 | +€21,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,410 | €161,803 | -€46,607 | -22.4% |
| Other operating charges | 640/8 | €49,229 | €51,520 | +€2,292 | +4.7% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €296,718 | €363,413 | +€66,695 | +22.5% |
| Operating profit (loss) | 9901 | €39,079 | €128,635 | +€89,556 | +229% |
| Financial income | 75/76B | €48,719 | €23,455 | -€25,265 | -51.9% |
| Recurring financial income | 75 | €48,719 | €23,455 | -€25,265 | -51.9% |
| Financial charges | 65/66B | €34,955 | €20,242 | -€14,713 | -42.1% |
| Recurring financial charges | 65 | €34,955 | €20,242 | -€14,713 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €52,844 | €131,848 | +€79,004 | +150% |
| Transfer from deferred taxes | 780 | €25,498 | €82,166 | +€56,667 | +222% |
| Income taxes | 67/77 | €45,010 | €145,091 | +€100,081 | +222% |
| Profit (loss) for the period | 9904 | €33,332 | €68,922 | +€35,591 | +107% |
| Transfer from tax-exempt reserves | 789 | €76,495 | €246,497 | +€170,001 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €109,827 | €315,419 | +€205,592 | +187% |
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 16 October 2026 via checked.be.