IMMO WM: what changed
Two fiscal 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 WM
Largest movements
- Tangible fixed assets -€51,906
down €51,906 (-9.4%), from €553,256 to €501,350
- Receivables within one year +€18,730
up €18,730 (+222.5%), from €8,417 to €27,148
of which Other amounts receivable: +€15,403
- Short-term financial debts -€86,965
down €86,965 (-97.2%), from €89,465 to €2,500
- Other debts +€44,000
up €44,000 (+21.3%), from €206,849 to €250,849
- Reserves +€10,197
up €10,197 (+4.1%), from €251,608 to €261,804
- Gross operating margin -€12,408
down €12,408 (-14.4%), from €85,947 to €73,539
- Financial income +€4,533
new in 2025: €4,533
- Financial charges -€3,394
down €3,394 (-53.7%), from €6,317 to €2,923
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.
Cash bridge derived
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 | €572,825 | €537,715 | -€35,110 | -6.1% |
| Fixed assets | 21/28 | €555,756 | €503,850 | -€51,906 | -9.3% |
| Tangible fixed assets | 22/27 | €553,256 | €501,350 | -€51,906 | -9.4% |
| Land and buildings | 22 | €553,256 | €501,350 | -€51,906 | -9.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €17,069 | €33,865 | +€16,796 | +98.4% |
| Amounts receivable within one year | 40/41 | €8,417 | €27,148 | +€18,730 | +222.5% |
| Trade receivables | 40 | - | €3,328 | +€3,328 | |
| Other amounts receivable | 41 | €8,417 | €23,820 | +€15,403 | +183.0% |
| Cash at bank and in hand | 54/58 | €8,565 | €4,847 | -€3,718 | -43.4% |
| Deferred charges and accrued income | 490/1 | €86 | €1,870 | +€1,784 | +2062.8% |
| Total equity and liabilities | 10/49 | €572,825 | €537,715 | -€35,110 | -6.1% |
| Equity | 10/15 | €271,608 | €281,804 | +€10,197 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €251,608 | €261,804 | +€10,197 | +4.1% |
| Distributable reserves | 133 | €251,608 | €261,804 | +€10,197 | +4.1% |
| Amounts payable | 17/49 | €301,218 | €255,911 | -€45,307 | -15.0% |
| Amounts payable within one year | 42/48 | €301,218 | €255,911 | -€45,307 | -15.0% |
| Financial debts | 43 | €89,465 | €2,500 | -€86,965 | -97.2% |
| Credit institutions | 430/8 | €89,465 | €2,500 | -€86,965 | -97.2% |
| Taxes, remuneration and social security | 45 | €4,904 | €2,562 | -€2,342 | -47.8% |
| Taxes | 450/3 | €4,904 | €2,562 | -€2,342 | -47.8% |
| Other amounts payable | 47/48 | €206,849 | €250,849 | +€44,000 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,893 | €51,906 | +€13 | 0.0% |
| Other operating charges | 640/8 | €8,843 | €9,193 | +€350 | +4.0% |
| Gross operating margin | 9900 | €85,947 | €73,539 | -€12,408 | -14.4% |
| Operating profit (loss) | 9901 | €25,212 | €12,440 | -€12,771 | -50.7% |
| Financial income | 75/76B | - | €4,533 | +€4,533 | |
| Recurring financial income | 75 | - | €4,533 | +€4,533 | |
| Financial charges | 65/66B | €6,317 | €2,923 | -€3,394 | -53.7% |
| Recurring financial charges | 65 | €6,317 | €2,923 | -€3,394 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €18,895 | €14,051 | -€4,844 | -25.6% |
| Income taxes | 67/77 | €4,699 | €3,854 | -€845 | -18.0% |
| Profit (loss) for the period | 9904 | €14,196 | €10,197 | -€3,999 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,196 | €10,197 | -€3,999 | -28.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.