IMMO-WOOD: 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-WOOD
Largest movements
- Tangible fixed assets -€64,820
down €64,820 (-4.1%), from €1.6m to €1.5m
of which Land and buildings: -€70,916
- Receivables within one year +€52,611
up €52,611 (+1,574%), from €3,342 to €55,953
of which Trade receivables: +€52,569
- Cash +€34,888
up €34,888 (+20.0%), from €174,431 to €209,318
mainly Depreciation (+€70,975) and Net result for the year (+€27,581)
- Reserves +€27,581
up €27,581 (+31.6%), from €87,330 to €114,911
of which Distributable reserves: +€27,581
- Debts after one year -€25,004
down €25,004 (-1.6%), from €1.5m to €1.5m
of which Financial debts: -€36,299
- Trade debts +€20,827
up €20,827 (+3,784%), from €550 to €21,378
- Gross operating margin +€38,029
up €38,029 (+29.9%), from €127,066 to €165,095
- Taxes +€10,593
up €10,593, from -€937 to €9,656
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 | €1,753,094 | €1,775,773 | +€22,679 | +1.3% |
| Fixed assets | 21/28 | €1,575,322 | €1,510,501 | -€64,820 | -4.1% |
| Tangible fixed assets | 22/27 | €1,575,322 | €1,510,501 | -€64,820 | -4.1% |
| Land and buildings | 22 | €1,575,322 | €1,504,406 | -€70,916 | -4.5% |
| Plant, machinery and equipment | 23 | - | €6,095 | +€6,095 | |
| Current assets | 29/58 | €177,772 | €265,271 | +€87,499 | +49.2% |
| Amounts receivable within one year | 40/41 | €3,342 | €55,953 | +€52,611 | +1,574% |
| Trade receivables | 40 | €2,528 | €55,096 | +€52,569 | +2,079% |
| Other amounts receivable | 41 | €814 | €857 | +€43 | +5.3% |
| Cash at bank and in hand | 54/58 | €174,431 | €209,318 | +€34,888 | +20.0% |
| Total equity and liabilities | 10/49 | €1,753,094 | €1,775,773 | +€22,679 | +1.3% |
| Equity | 10/15 | €149,330 | €176,911 | +€27,581 | +18.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €87,330 | €114,911 | +€27,581 | +31.6% |
| Tax-exempt reserves | 132 | €730 | €730 | = | 0.0% |
| Distributable reserves | 133 | €86,600 | €114,181 | +€27,581 | +31.8% |
| Amounts payable | 17/49 | €1,603,764 | €1,598,862 | -€4,902 | -0.3% |
| Amounts payable after more than one year | 17 | €1,521,193 | €1,496,189 | -€25,004 | -1.6% |
| Financial debts | 170/4 | €733,587 | €697,288 | -€36,299 | -4.9% |
| Other amounts payable | 178/9 | €787,606 | €798,901 | +€11,294 | +1.4% |
| Amounts payable within one year | 42/48 | €73,511 | €93,613 | +€20,102 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €51,211 | €36,299 | -€14,913 | -29.1% |
| Trade debts | 44 | €550 | €21,378 | +€20,827 | +3,784% |
| Suppliers | 440/4 | €550 | €21,378 | +€20,827 | +3,784% |
| Taxes, remuneration and social security | 45 | €21,749 | €35,937 | +€14,188 | +65.2% |
| Taxes | 450/3 | €21,749 | €35,937 | +€14,188 | +65.2% |
| Accrued charges and deferred income | 492/3 | €9,060 | €9,060 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,567 | €70,975 | +€407 | +0.6% |
| Other operating charges | 640/8 | €11,175 | €12,537 | +€1,362 | +12.2% |
| Gross operating margin | 9900 | €127,066 | €165,095 | +€38,029 | +29.9% |
| Operating profit (loss) | 9901 | €45,323 | €81,583 | +€36,260 | +80.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €45,925 | €44,346 | -€1,579 | -3.4% |
| Recurring financial charges | 65 | €45,925 | €44,346 | -€1,579 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€602 | €37,237 | +€37,839 | |
| Income taxes | 67/77 | -€937 | €9,656 | +€10,593 | |
| Profit (loss) for the period | 9904 | €335 | €27,581 | +€27,246 | +8,135% |
| Profit (loss) for the period to be appropriated | 9905 | €335 | €27,581 | +€27,246 | +8,135% |
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 27 October 2026 via checked.be.