Immo-Wivo: 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-Wivo
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Tangible fixed assets -€594,550
down €594,550 (-30.5%), from €1.9m to €1.4m
of which Other tangible fixed assets: -€706,949
- Cash -€236,293
down €236,293 (-75.3%), from €313,756 to €77,463
mainly Current investments (-€600,000) and Other debts (-€430,498)
- Receivables within one year +€26,777
up €26,777 (+470%), from €5,702 to €32,479
- Other debts -€430,498
down €430,498 (-53.5%), from €804,498 to €374,000
- Reserves +€254,604
up €254,604 (+69.9%), from €364,258 to €618,862
of which Distributable reserves: +€254,604
- Debts after one year -€102,152
down €102,152 (-27.9%), from €365,951 to €263,799
of which Financial debts: -€102,152
- Tax, wage and social debts +€45,652
up €45,652 (+15,199%), from €300 to €45,953
- Gross operating margin +€582,744
up €582,744 (+906%), from €64,285 to €647,029
- Taxes +€155,650
up €155,650, from €0 to €155,650
- Provisions +€50,000
up €50,000, from -€50,000 to €0
- Depreciation -€25,824
down €25,824 (-28.0%), from €92,308 to €66,485
- Financial charges -€6,929
down €6,929 (-21.4%), from €32,372 to €25,443
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 | €2,268,132 | €2,063,647 | -€204,485 | -9.0% |
| Fixed assets | 21/28 | €1,947,301 | €1,352,750 | -€594,550 | -30.5% |
| Tangible fixed assets | 22/27 | €1,947,261 | €1,352,710 | -€594,550 | -30.5% |
| Land and buildings | 22 | €157,826 | €193,384 | +€35,558 | +22.5% |
| Plant, machinery and equipment | 23 | €5,371 | €5,318 | -€53 | -1.0% |
| Furniture and vehicles | 24 | €12,794 | €89,688 | +€76,894 | +601% |
| Other tangible fixed assets | 26 | €1,771,270 | €1,064,321 | -€706,949 | -39.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €320,831 | €710,896 | +€390,065 | +122% |
| Amounts receivable within one year | 40/41 | €5,702 | €32,479 | +€26,777 | +470% |
| Other amounts receivable | 41 | €5,702 | €32,479 | +€26,777 | +470% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €313,756 | €77,463 | -€236,293 | -75.3% |
| Deferred charges and accrued income | 490/1 | €1,374 | €954 | -€419 | -30.5% |
| Total equity and liabilities | 10/49 | €2,268,132 | €2,063,647 | -€204,485 | -9.0% |
| Equity | 10/15 | €924,286 | €1,190,135 | +€265,849 | +28.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €364,258 | €618,862 | +€254,604 | +69.9% |
| Tax-exempt reserves | 132 | €169,394 | €169,394 | = | 0.0% |
| Distributable reserves | 133 | €194,864 | €449,468 | +€254,604 | +131% |
| Profit (loss) carried forward | 14 | €480,027 | €491,273 | +€11,245 | +2.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €1,343,846 | €873,512 | -€470,334 | -35.0% |
| Amounts payable after more than one year | 17 | €365,951 | €263,799 | -€102,152 | -27.9% |
| Financial debts | 170/4 | €363,821 | €261,669 | -€102,152 | -28.1% |
| Other amounts payable | 178/9 | €2,130 | €2,130 | = | 0.0% |
| Amounts payable within one year | 42/48 | €977,896 | €606,517 | -€371,379 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €159,867 | €181,443 | +€21,577 | +13.5% |
| Trade debts | 44 | €6,812 | €5,121 | -€1,692 | -24.8% |
| Suppliers | 440/4 | €6,812 | €5,121 | -€1,692 | -24.8% |
| Advances received on contracts in progress | 46 | €6,418 | €0 | -€6,418 | -100% |
| Taxes, remuneration and social security | 45 | €300 | €45,953 | +€45,652 | +15,199% |
| Taxes | 450/3 | €300 | €45,953 | +€45,652 | +15,199% |
| Other amounts payable | 47/48 | €804,498 | €374,000 | -€430,498 | -53.5% |
| Accrued charges and deferred income | 492/3 | €0 | €3,197 | +€3,197 | |
| Remuneration, social security and pensions | 62 | - | €398 | +€398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,308 | €66,485 | -€25,824 | -28.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | €0 | +€50,000 | |
| Other operating charges | 640/8 | €17,476 | €18,214 | +€738 | +4.2% |
| Gross operating margin | 9900 | €64,285 | €647,029 | +€582,744 | +906% |
| Operating profit (loss) | 9901 | €4,501 | €561,932 | +€557,430 | +12,384% |
| Financial income | 75/76B | €73 | €785 | +€712 | +972% |
| Recurring financial income | 75 | €73 | €785 | +€712 | +972% |
| Financial charges | 65/66B | €32,372 | €25,443 | -€6,929 | -21.4% |
| Recurring financial charges | 65 | €32,372 | €25,443 | -€6,929 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,798 | €537,274 | +€565,072 | |
| Income taxes | 67/77 | €0 | €155,650 | +€155,650 | |
| Profit (loss) for the period | 9904 | -€27,798 | €381,624 | +€409,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,798 | €381,624 | +€409,422 |
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 25 October 2026 via checked.be.