IMMO WISCO: 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.
What changed
IMMO WISCO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€37,056
2024 · -€248,190+€211,134
Equity
€3.5m
2024 · €3.6m-€51,781
Cash
€561,097
2024 · €604,675-€43,579
Balance sheet total
€18.4m
2024 · €19.3m-€898,220
Largest movements
Assets
- Tangible fixed assets -€798,104
down €798,104 (-4.3%), from €18.5m to €17.7m
of which Land and buildings: -€797,606
Equity and liabilities
- Debts after one year -€699,040
down €699,040 (-4.8%), from €14.7m to €14.0m
of which Financial debts: -€359,040
Income statement
- Financial charges -€168,341
down €168,341 (-23.6%), from €712,781 to €544,441
- Gross operating margin +€45,512
up €45,512 (+3.4%), from €1.3m to €1.4m
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
-€248,190
Gross operating margin
+€45,512
Depreciation
-€352
Other operating charges
-€2,367
Financial income
+€1
Financial charges
+€168,341
Taxes
-€0
Result 2025
-€37,056
raises the resultlowers the result
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.
From operations
+€676,087
Investment
-€5,900
Financing
-€713,765
Cash 2024
€604,675
From operations (derived)
+€676,087
Net result for the year
-€37,056
Depreciation
+€804,004
Receivables within one year
+€56,537
Trade debts
+€130
Accrued charges and deferred income
-€147,528
Investment (derived)
-€5,900
Investment in fixed assets (net)
-€5,900
Financing
-€713,765
Debts after one year
-€699,040
Contributions, distributions and other
-€14,725
Cash 2025
€561,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,282,361 | €18,384,142 | -€898,220 | -4.7% |
| Fixed assets | 21/28 | €18,509,817 | €17,711,714 | -€798,104 | -4.3% |
| Tangible fixed assets | 22/27 | €18,509,817 | €17,711,714 | -€798,104 | -4.3% |
| Land and buildings | 22 | €18,509,320 | €17,711,714 | -€797,606 | -4.3% |
| Plant, machinery and equipment | 23 | €497 | €0 | -€497 | -100% |
| Current assets | 29/58 | €772,544 | €672,428 | -€100,116 | -13.0% |
| Amounts receivable within one year | 40/41 | €167,869 | €111,331 | -€56,537 | -33.7% |
| Trade receivables | 40 | €107,595 | €111,035 | +€3,440 | +3.2% |
| Other amounts receivable | 41 | €60,274 | €297 | -€59,977 | -99.5% |
| Cash at bank and in hand | 54/58 | €604,675 | €561,097 | -€43,579 | -7.2% |
| Total equity and liabilities | 10/49 | €19,282,361 | €18,384,142 | -€898,220 | -4.7% |
| Equity | 10/15 | €3,595,956 | €3,544,175 | -€51,781 | -1.4% |
| Contributions | 10/11 | €3,095,000 | €3,095,000 | = | 0.0% |
| Reserves | 13 | €30,823 | €30,823 | = | 0.0% |
| Distributable reserves | 133 | €30,823 | €30,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,363 | €68,307 | -€37,056 | -35.2% |
| Investment grants | 15 | €364,770 | €350,045 | -€14,725 | -4.0% |
| Amounts payable | 17/49 | €15,686,406 | €14,839,967 | -€846,439 | -5.4% |
| Amounts payable after more than one year | 17 | €14,659,290 | €13,960,250 | -€699,040 | -4.8% |
| Financial debts | 170/4 | €869,290 | €510,250 | -€359,040 | -41.3% |
| Other amounts payable | 178/9 | €13,790,000 | €13,450,000 | -€340,000 | -2.5% |
| Amounts payable within one year | 42/48 | €363,126 | €363,255 | +€130 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €359,040 | €359,040 | = | 0.0% |
| Trade debts | 44 | €4,086 | €4,215 | +€130 | +3.2% |
| Suppliers | 440/4 | €4,086 | €4,215 | +€130 | +3.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €663,990 | €516,462 | -€147,528 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803,652 | €804,004 | +€352 | 0.0% |
| Other operating charges | 640/8 | €75,469 | €77,836 | +€2,367 | +3.1% |
| Gross operating margin | 9900 | €1,328,986 | €1,374,498 | +€45,512 | +3.4% |
| Operating profit (loss) | 9901 | €449,866 | €492,658 | +€42,792 | +9.5% |
| Financial income | 75/76B | €14,725 | €14,727 | +€1 | 0.0% |
| Recurring financial income | 75 | €14,725 | €14,727 | +€1 | 0.0% |
| Financial charges | 65/66B | €712,781 | €544,441 | -€168,341 | -23.6% |
| Recurring financial charges | 65 | €712,781 | €544,441 | -€168,341 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€248,190 | -€37,056 | +€211,134 | +85.1% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€248,190 | -€37,056 | +€211,134 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€248,190 | -€37,056 | +€211,134 | +85.1% |
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 21 October 2026 via checked.be.