IMMO WW: 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 WW
Largest movements
- Stocks and contracts -€271,246
down €271,246 (-9.7%), from €2.8m to €2.5m
- Receivables within one year -€57,731
down €57,731 (-3.3%), from €1.8m to €1.7m
of which Other amounts receivable: -€66,500
- Short-term financial debts -€282,108
down €282,108 (-17.8%), from €1.6m to €1.3m
- Trade debts -€56,218
down €56,218 (-100.0%), from €56,218 to €0
- Gross operating margin -€43,845
down €43,845 (-21.8%), from €201,161 to €157,316
- Financial charges -€20,090
down €20,090 (-17.1%), from €117,381 to €97,291
- Depreciation -€8,430
down €8,430 (-57.5%), from €14,652 to €6,222
- Taxes -€3,586
down €3,586 (-62.3%), from €5,752 to €2,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,581,979 | €4,244,167 | -€337,812 | -7.4% |
| Fixed assets | 21/28 | €38,222 | €32,000 | -€6,222 | -16.3% |
| Tangible fixed assets | 22/27 | €38,222 | €32,000 | -€6,222 | -16.3% |
| Land and buildings | 22 | €38,222 | €32,000 | -€6,222 | -16.3% |
| Current assets | 29/58 | €4,543,757 | €4,212,167 | -€331,590 | -7.3% |
| Stocks and contracts in progress | 3 | €2,786,375 | €2,515,129 | -€271,246 | -9.7% |
| Stocks | 30/36 | €2,786,375 | €2,515,129 | -€271,246 | -9.7% |
| Amounts receivable within one year | 40/41 | €1,752,342 | €1,694,611 | -€57,731 | -3.3% |
| Trade receivables | 40 | €0 | €8,769 | +€8,769 | |
| Other amounts receivable | 41 | €1,752,342 | €1,685,842 | -€66,500 | -3.8% |
| Cash at bank and in hand | 54/58 | €5,040 | €2,426 | -€2,613 | -51.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,581,979 | €4,244,167 | -€337,812 | -7.4% |
| Equity | 10/15 | €529,438 | €535,222 | +€5,784 | +1.1% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €119,438 | €125,222 | +€5,784 | +4.8% |
| Non-distributable reserves | 130/1 | €39,101 | €39,101 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,101 | €39,101 | = | 0.0% |
| Distributable reserves | 133 | €80,337 | €86,120 | +€5,784 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,052,541 | €3,708,945 | -€343,596 | -8.5% |
| Amounts payable after more than one year | 17 | €2,280,355 | €2,272,042 | -€8,314 | -0.4% |
| Financial debts | 170/4 | €51,395 | €40,843 | -€10,552 | -20.5% |
| Other amounts payable | 178/9 | €2,228,960 | €2,231,198 | +€2,238 | +0.1% |
| Amounts payable within one year | 42/48 | €1,759,858 | €1,423,966 | -€335,892 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €8,726 | €10,552 | +€1,825 | +20.9% |
| Financial debts | 43 | €1,588,408 | €1,306,300 | -€282,108 | -17.8% |
| Credit institutions | 430/8 | €1,588,408 | €1,306,300 | -€282,108 | -17.8% |
| Trade debts | 44 | €56,218 | €0 | -€56,218 | -100.0% |
| Suppliers | 440/4 | €56,218 | €0 | -€56,218 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,638 | €7,919 | -€1,720 | -17.8% |
| Taxes | 450/3 | €9,638 | €7,919 | -€1,720 | -17.8% |
| Other amounts payable | 47/48 | €96,868 | €99,195 | +€2,328 | +2.4% |
| Accrued charges and deferred income | 492/3 | €12,328 | €12,938 | +€610 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,652 | €6,222 | -€8,430 | -57.5% |
| Other operating charges | 640/8 | €47,573 | €45,853 | -€1,721 | -3.6% |
| Gross operating margin | 9900 | €201,161 | €157,316 | -€43,845 | -21.8% |
| Operating profit (loss) | 9901 | €138,936 | €105,241 | -€33,694 | -24.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €117,381 | €97,291 | -€20,090 | -17.1% |
| Recurring financial charges | 65 | €117,381 | €97,291 | -€20,090 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €21,555 | €7,950 | -€13,604 | -63.1% |
| Income taxes | 67/77 | €5,752 | €2,166 | -€3,586 | -62.3% |
| Profit (loss) for the period | 9904 | €15,802 | €5,784 | -€10,018 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,802 | €5,784 | -€10,018 | -63.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.