IMMOBELGAR: 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.
IMMOBELGAR
Largest movements
- Receivables within one year +€33,754
up €33,754 (+19.5%), from €172,934 to €206,688
of which Trade receivables: +€30,153
- Tangible fixed assets -€8,225
down €8,225 (-24.5%), from €33,517 to €25,292
of which Furniture and vehicles: -€7,095
- Financial fixed assets +€3,802
up €3,802 (+262%), from €1,452 to €5,254
- Advances received +€94,340
up €94,340 (+94.3%), from €100,000 to €194,340
- Trade debts -€26,421
down €26,421 (-34.5%), from €76,659 to €50,238
- Other debts -€13,758
down €13,758 (-28.2%), from €48,791 to €35,033
- Tax, wage and social debts -€9,472
down €9,472 (-30.7%), from €30,863 to €21,392
of which Taxes: -€5,051
- Profit (loss) carried forward -€8,297
down €8,297 (-11.1%), from -€74,600 to -€82,897
- Turnover -€173,796
down €173,796 (-33.5%), from €519,278 to €345,482
- Purchases and services -€119,775
down €119,775 (-28.8%), from €416,485 to €296,710
- Other operating charges -€59,391
down €59,391 (-96.5%), from €61,556 to €2,165
- Gross operating margin -€34,400
down €34,400 (-28.6%), from €120,085 to €85,685
- Staff costs -€32,636
down €32,636 (-29.1%), from €111,966 to €79,330
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 | €211,133 | €241,089 | +€29,956 | +14.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €34,969 | €30,546 | -€4,423 | -12.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €33,517 | €25,292 | -€8,225 | -24.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,180 | €1,050 | -€1,130 | -51.8% |
| Furniture and vehicles | 24 | €31,337 | €24,242 | -€7,095 | -22.6% |
| Financial fixed assets | 28 | €1,452 | €5,254 | +€3,802 | +262% |
| Current assets | 29/58 | €176,164 | €210,543 | +€34,379 | +19.5% |
| Amounts receivable within one year | 40/41 | €172,934 | €206,688 | +€33,754 | +19.5% |
| Trade receivables | 40 | €154,447 | €184,600 | +€30,153 | +19.5% |
| Other amounts receivable | 41 | €18,487 | €22,088 | +€3,601 | +19.5% |
| Cash at bank and in hand | 54/58 | €3,230 | €1,510 | -€1,720 | -53.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,345 | +€2,345 | |
| Total equity and liabilities | 10/49 | €211,133 | €241,089 | +€29,956 | +14.2% |
| Equity | 10/15 | -€66,440 | -€74,737 | -€8,297 | -12.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,600 | -€82,897 | -€8,297 | -11.1% |
| Amounts payable | 17/49 | €277,573 | €315,826 | +€38,253 | +13.8% |
| Amounts payable after more than one year | 17 | €14,823 | €8,134 | -€6,688 | -45.1% |
| Financial debts | 170/4 | €14,823 | €8,134 | -€6,688 | -45.1% |
| Amounts payable within one year | 42/48 | €262,750 | €307,691 | +€44,941 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €6,437 | €6,688 | +€252 | +3.9% |
| Trade debts | 44 | €76,659 | €50,238 | -€26,421 | -34.5% |
| Suppliers | 440/4 | €76,659 | €50,238 | -€26,421 | -34.5% |
| Advances received on contracts in progress | 46 | €100,000 | €194,340 | +€94,340 | +94.3% |
| Taxes, remuneration and social security | 45 | €30,863 | €21,392 | -€9,472 | -30.7% |
| Taxes | 450/3 | €12,855 | €7,804 | -€5,051 | -39.3% |
| Remuneration and social security | 454/9 | €18,008 | €13,587 | -€4,421 | -24.5% |
| Other amounts payable | 47/48 | €48,791 | €35,033 | -€13,758 | -28.2% |
| Turnover | 70 | €519,278 | €345,482 | -€173,796 | -33.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €416,485 | €296,710 | -€119,775 | -28.8% |
| Remuneration, social security and pensions | 62 | €111,966 | €79,330 | -€32,636 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,212 | €10,710 | +€498 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €629 | €1,065 | +€436 | +69.3% |
| Other operating charges | 640/8 | €61,556 | €2,165 | -€59,391 | -96.5% |
| Gross operating margin | 9900 | €120,085 | €85,685 | -€34,400 | -28.6% |
| Operating profit (loss) | 9901 | -€64,277 | -€7,583 | +€56,694 | +88.2% |
| Financial income | 75/76B | €331 | €0 | -€331 | -100% |
| Recurring financial income | 75 | €331 | €0 | -€331 | -100% |
| Financial charges | 65/66B | €2,251 | €2,900 | +€648 | +28.8% |
| Recurring financial charges | 65 | €2,251 | €2,900 | +€648 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,198 | -€10,483 | +€55,715 | +84.2% |
| Income taxes | 67/77 | €4,881 | -€2,186 | -€7,067 | |
| Profit (loss) for the period | 9904 | -€71,079 | -€8,297 | +€62,782 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,079 | -€8,297 | +€62,782 | +88.3% |
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 14 October 2026 via checked.be.