IMMO WYBO: 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 WYBO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€69,612
2025 · €60,991+€8,621
Equity
€2.0m
2025 · €4.1m-€2.1m
Cash
€77,401
2025 · €115,729-€38,328
Balance sheet total
€19.4m
2025 · €20.0m-€635,721
Largest movements
Assets
- Tangible fixed assets -€466,143
down €466,143 (-2.4%), from €19.7m to €19.2m
of which Land and buildings: -€297,869
Equity and liabilities
- Other debts +€7.7m
up €7.7m (+440%), from €1.7m to €9.4m
- Debts after one year -€6.3m
down €6.3m (-47.7%), from €13.2m to €6.9m
of which Other amounts payable: -€5.5m
- Reserves -€2.1m
down €2.1m (-92.0%), from €2.3m to €183,200
of which Distributable reserves: -€2.0m
Income statement
- Gross operating margin +€132,520
up €132,520 (+9.6%), from €1.4m to €1.5m
- Financial charges +€55,971
up €55,971 (+14.9%), from €375,776 to €431,747
- Depreciation +€48,660
up €48,660 (+6.5%), from €745,518 to €794,178
- Other operating charges +€23,408
up €23,408 (+15.8%), from €148,252 to €171,660
From the 2025 result to the 2026 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 2025
€60,991
Gross operating margin
+€132,520
Depreciation
-€48,660
Other operating charges
-€23,408
Financial income
+€6,456
Financial charges
-€55,971
Taxes
-€2,316
Result 2026
€69,612
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€8.8m
Investment
-€328,910
Financing
-€8.5m
Cash 2025
€115,729
From operations (derived)
+€8.8m
Net result for the year
+€69,612
Depreciation
+€794,178
Receivables within one year
+€129,775
Deferred charges and accrued income
+€2,351
Trade debts
+€34,370
Tax, wage and social debts
-€25,033
Other debts
+€7.7m
Accrued charges and deferred income
+€76,807
Investment (derived)
-€328,910
Investment in fixed assets (net)
-€328,910
Financing
-€8.5m
Debts after one year
-€6.3m
Current portion of long-term debt
+€10,059
Contributions, distributions and other
-€2.2m
Cash 2026
€77,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,992,461 | €19,356,740 | -€635,721 | -3.2% |
| Fixed assets | 21/28 | €19,693,849 | €19,228,581 | -€465,268 | -2.4% |
| Tangible fixed assets | 22/27 | €19,693,849 | €19,227,706 | -€466,143 | -2.4% |
| Land and buildings | 22 | €13,027,965 | €12,730,096 | -€297,869 | -2.3% |
| Plant, machinery and equipment | 23 | €8,983 | €18,723 | +€9,740 | +108% |
| Leasing and similar rights | 25 | €3,490,000 | €3,221,538 | -€268,462 | -7.7% |
| Assets under construction and advance payments | 27 | €3,166,901 | €3,257,349 | +€90,448 | +2.9% |
| Financial fixed assets | 28 | - | €875 | +€875 | |
| Current assets | 29/58 | €298,612 | €128,159 | -€170,453 | -57.1% |
| Amounts receivable within one year | 40/41 | €165,968 | €36,193 | -€129,775 | -78.2% |
| Trade receivables | 40 | €132,160 | €24,279 | -€107,881 | -81.6% |
| Other amounts receivable | 41 | €33,808 | €11,914 | -€21,894 | -64.8% |
| Cash at bank and in hand | 54/58 | €115,729 | €77,401 | -€38,328 | -33.1% |
| Deferred charges and accrued income | 490/1 | €16,915 | €14,564 | -€2,351 | -13.9% |
| Total equity and liabilities | 10/49 | €19,992,461 | €19,356,740 | -€635,721 | -3.2% |
| Equity | 10/15 | €4,112,808 | €2,015,200 | -€2.1m | -51.0% |
| Contributions | 10/11 | €1,832,000 | €1,832,000 | = | 0.0% |
| Capital | 10 | €1,832,000 | €1,832,000 | = | 0.0% |
| Issued capital | 100 | €1,832,000 | €1,832,000 | = | 0.0% |
| Reserves | 13 | €2,280,808 | €183,200 | -€2.1m | -92.0% |
| Non-distributable reserves | 130/1 | €183,200 | €183,200 | = | 0.0% |
| Legal reserve | 130 | €183,200 | €183,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,727 | €0 | -€128,727 | -100% |
| Distributable reserves | 133 | €1,968,881 | €0 | -€2.0m | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Environmental obligations | 163 | - | €4,000 | +€4,000 | |
| Other liabilities and charges | 164/5 | €4,000 | - | -€4,000 | |
| Amounts payable | 17/49 | €15,875,653 | €17,337,540 | +€1.5m | +9.2% |
| Amounts payable after more than one year | 17 | €13,235,405 | €6,925,981 | -€6.3m | -47.7% |
| Financial debts | 170/4 | €7,693,096 | €6,925,981 | -€767,115 | -10.0% |
| Other amounts payable | 178/9 | €5,542,309 | - | -€5.5m | |
| Amounts payable within one year | 42/48 | €2,548,441 | €10,242,945 | +€7.7m | +302% |
| Current portion of amounts payable after more than one year | 42 | €757,055 | €767,114 | +€10,059 | +1.3% |
| Trade debts | 44 | €5,690 | €40,060 | +€34,370 | +604% |
| Suppliers | 440/4 | €5,690 | €40,060 | +€34,370 | +604% |
| Taxes, remuneration and social security | 45 | €41,314 | €16,281 | -€25,033 | -60.6% |
| Taxes | 450/3 | €41,314 | €16,281 | -€25,033 | -60.6% |
| Other amounts payable | 47/48 | €1,744,382 | €9,419,490 | +€7.7m | +440% |
| Accrued charges and deferred income | 492/3 | €91,807 | €168,614 | +€76,807 | +83.7% |
| Non-recurring operating income | 76A | - | €18,742 | +€18,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €745,518 | €794,178 | +€48,660 | +6.5% |
| Other operating charges | 640/8 | €148,252 | €171,660 | +€23,408 | +15.8% |
| Gross operating margin | 9900 | €1,383,427 | €1,515,947 | +€132,520 | +9.6% |
| Operating profit (loss) | 9901 | €489,657 | €550,109 | +€60,452 | +12.3% |
| Financial income | 75/76B | €3,248 | €9,704 | +€6,456 | +199% |
| Recurring financial income | 75 | €3,248 | €9,704 | +€6,456 | +199% |
| Financial charges | 65/66B | €375,776 | €431,747 | +€55,971 | +14.9% |
| Recurring financial charges | 65 | €375,776 | €431,747 | +€55,971 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €117,129 | €128,066 | +€10,937 | +9.3% |
| Income taxes | 67/77 | €56,138 | €58,454 | +€2,316 | +4.1% |
| Profit (loss) for the period | 9904 | €60,991 | €69,612 | +€8,621 | +14.1% |
| Transfer from tax-exempt reserves | 789 | €128,728 | €128,727 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €189,719 | €198,340 | +€8,621 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.