IMMO WIPA: 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 WIPA
Largest movements
- Receivables within one year -€11,856
down €11,856 (-26.5%), from €44,769 to €32,912
of which Other amounts receivable: -€7,349
- Cash -€7,446
down €7,446 (-15.3%), from €48,596 to €41,150
mainly Net result for the year (-€19,636) and Investment in fixed assets (net) (-€14,979)
- Stocks and contracts +€3,586
up €3,586 (+67.0%), from €5,356 to €8,942
- Tangible fixed assets -€2,414
down €2,414 (-2.5%), from €95,633 to €93,219
of which Furniture and vehicles: -€13,785
- Reserves -€19,636
down €19,636 (-12.7%), from €154,131 to €134,495
- Other debts +€2,501
up €2,501 (+15.6%), from €16,014 to €18,514
- Turnover +€311,090
new in 2025: €311,090
- Purchases and services +€269,263
new in 2025: €269,263
- Gross operating margin -€39,565
down €39,565 (-41.2%), from €96,105 to €56,540
- Taxes -€3,524
down €3,524 (-40.6%), from €8,685 to €5,160
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 | €196,166 | €179,812 | -€16,354 | -8.3% |
| Fixed assets | 21/28 | €95,898 | €93,484 | -€2,414 | -2.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €95,633 | €93,219 | -€2,414 | -2.5% |
| Land and buildings | 22 | €27,788 | €40,987 | +€13,200 | +47.5% |
| Plant, machinery and equipment | 23 | €8,331 | €6,503 | -€1,829 | -21.9% |
| Furniture and vehicles | 24 | €59,514 | €45,729 | -€13,785 | -23.2% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €100,269 | €86,328 | -€13,941 | -13.9% |
| Stocks and contracts in progress | 3 | €5,356 | €8,942 | +€3,586 | +67.0% |
| Stocks | 30/36 | €5,356 | €8,942 | +€3,586 | +67.0% |
| Amounts receivable within one year | 40/41 | €44,769 | €32,912 | -€11,856 | -26.5% |
| Trade receivables | 40 | €30,706 | €26,199 | -€4,508 | -14.7% |
| Other amounts receivable | 41 | €14,062 | €6,714 | -€7,349 | -52.3% |
| Cash at bank and in hand | 54/58 | €48,596 | €41,150 | -€7,446 | -15.3% |
| Deferred charges and accrued income | 490/1 | €1,548 | €3,324 | +€1,776 | +115% |
| Total equity and liabilities | 10/49 | €196,166 | €179,812 | -€16,354 | -8.3% |
| Equity | 10/15 | €172,681 | €153,045 | -€19,636 | -11.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €154,131 | €134,495 | -€19,636 | -12.7% |
| Distributable reserves | 133 | €154,131 | €134,495 | -€19,636 | -12.7% |
| Amounts payable | 17/49 | €23,485 | €26,767 | +€3,282 | +14.0% |
| Amounts payable within one year | 42/48 | €23,485 | €26,767 | +€3,282 | +14.0% |
| Trade debts | 44 | €4,462 | €5,311 | +€849 | +19.0% |
| Suppliers | 440/4 | €4,462 | €5,311 | +€849 | +19.0% |
| Taxes, remuneration and social security | 45 | €3,009 | €2,941 | -€68 | -2.3% |
| Taxes | 450/3 | €1,185 | €1,345 | +€160 | +13.5% |
| Remuneration and social security | 454/9 | €1,824 | €1,596 | -€228 | -12.5% |
| Other amounts payable | 47/48 | €16,014 | €18,514 | +€2,501 | +15.6% |
| Turnover | 70 | - | €311,090 | +€311,090 | |
| Non-recurring operating income | 76A | €2,048 | €2,364 | +€316 | +15.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €269,263 | +€269,263 | |
| Remuneration, social security and pensions | 62 | €54,034 | €53,631 | -€403 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,883 | €17,392 | +€2,509 | +16.9% |
| Other operating charges | 640/8 | €2,897 | €2,619 | -€278 | -9.6% |
| Gross operating margin | 9900 | €96,105 | €56,540 | -€39,565 | -41.2% |
| Operating profit (loss) | 9901 | €24,291 | -€17,101 | -€41,392 | |
| Financial income | 75/76B | €2,658 | €2,770 | +€112 | +4.2% |
| Recurring financial income | 75 | €2,658 | €2,770 | +€112 | +4.2% |
| Financial charges | 65/66B | €134 | €145 | +€10 | +7.6% |
| Recurring financial charges | 65 | €134 | €145 | +€10 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €26,815 | -€14,476 | -€41,290 | |
| Income taxes | 67/77 | €8,685 | €5,160 | -€3,524 | -40.6% |
| Profit (loss) for the period | 9904 | €18,130 | -€19,636 | -€37,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,130 | -€19,636 | -€37,766 |
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.