IMMOBOUW: 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.
IMMOBOUW
Largest movements
- Tangible fixed assets -€139,016
down €139,016 (-5.3%), from €2.6m to €2.5m
of which Land and buildings: -€122,804
- Cash +€88,300
up €88,300 (+80.1%), from €110,243 to €198,542
mainly Depreciation (+€108,788) and Net result for the year (+€37,914)
- Receivables within one year +€47,845
new in 2024: €47,845
of which Other amounts receivable: +€46,064
- Debts after one year -€50,000
down €50,000 (-4.2%), from €1.2m to €1.2m
- Profit (loss) carried forward +€39,623
up €39,623 (+29.1%), from -€136,234 to -€96,611
- Gross operating margin +€134,324
up €134,324 (+106.6%), from €126,025 to €260,349
- Financial charges +€64,560
up €64,560 (+200.0%), from €32,282 to €96,842
- Depreciation -€11,732
down €11,732 (-9.7%), from €120,520 to €108,788
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 | €2,716,938 | €2,714,925 | -€2,013 | -0.1% |
| Fixed assets | 21/28 | €2,600,933 | €2,461,918 | -€139,016 | -5.3% |
| Tangible fixed assets | 22/27 | €2,599,860 | €2,460,844 | -€139,016 | -5.3% |
| Land and buildings | 22 | €2,569,082 | €2,446,278 | -€122,804 | -4.8% |
| Furniture and vehicles | 24 | €30,778 | €14,566 | -€16,212 | -52.7% |
| Financial fixed assets | 28 | €1,074 | €1,074 | = | 0.0% |
| Current assets | 29/58 | €116,005 | €253,007 | +€137,002 | +118.1% |
| Amounts receivable within one year | 40/41 | - | €47,845 | +€47,845 | |
| Trade receivables | 40 | - | €1,781 | +€1,781 | |
| Other amounts receivable | 41 | - | €46,064 | +€46,064 | |
| Cash at bank and in hand | 54/58 | €110,243 | €198,542 | +€88,300 | +80.1% |
| Deferred charges and accrued income | 490/1 | €5,762 | €6,620 | +€858 | +14.9% |
| Total equity and liabilities | 10/49 | €2,716,938 | €2,714,925 | -€2,013 | -0.1% |
| Equity | 10/15 | €1,405,158 | €1,443,073 | +€37,914 | +2.7% |
| Contributions | 10/11 | €1,267,000 | €1,267,000 | = | 0.0% |
| Reserves | 13 | €274,392 | €272,684 | -€1,709 | -0.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Other | 1319 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,906 | €26,197 | -€1,709 | -6.1% |
| Distributable reserves | 133 | €238,986 | €238,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,234 | -€96,611 | +€39,623 | +29.1% |
| Provisions and deferred taxes | 16 | €9,291 | €8,722 | -€569 | -6.1% |
| Deferred taxes | 168 | €9,291 | €8,722 | -€569 | -6.1% |
| Amounts payable | 17/49 | €1,302,489 | €1,263,130 | -€39,359 | -3.0% |
| Amounts payable after more than one year | 17 | €1,201,500 | €1,151,500 | -€50,000 | -4.2% |
| Other amounts payable | 178/9 | €1,201,500 | €1,151,500 | -€50,000 | -4.2% |
| Amounts payable within one year | 42/48 | €94,937 | €103,793 | +€8,856 | +9.3% |
| Trade debts | 44 | €2,582 | €253 | -€2,329 | -90.2% |
| Suppliers | 440/4 | €2,582 | €253 | -€2,329 | -90.2% |
| Taxes, remuneration and social security | 45 | €797 | €1,200 | +€404 | +50.7% |
| Taxes | 450/3 | €797 | €1,200 | +€404 | +50.7% |
| Other amounts payable | 47/48 | €91,559 | €102,340 | +€10,781 | +11.8% |
| Accrued charges and deferred income | 492/3 | €6,051 | €7,837 | +€1,785 | +29.5% |
| Non-recurring operating income | 76A | - | €144,772 | +€144,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,520 | €108,788 | -€11,732 | -9.7% |
| Other operating charges | 640/8 | €16,910 | €17,674 | +€764 | +4.5% |
| Gross operating margin | 9900 | €126,025 | €260,349 | +€134,324 | +106.6% |
| Operating profit (loss) | 9901 | -€11,405 | €133,887 | +€145,292 | |
| Financial income | 75/76B | €55 | €1,543 | +€1,488 | +2715.5% |
| Recurring financial income | 75 | €55 | €1,543 | +€1,488 | +2715.5% |
| Financial charges | 65/66B | €32,282 | €96,842 | +€64,560 | +200.0% |
| Recurring financial charges | 65 | €32,282 | €96,842 | +€64,560 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,633 | €38,588 | +€82,220 | |
| Transfer from deferred taxes | 780 | €569 | €569 | = | 0.0% |
| Income taxes | 67/77 | €403 | €1,242 | +€839 | +208.1% |
| Profit (loss) for the period | 9904 | -€43,467 | €37,914 | +€81,381 | |
| Transfer from tax-exempt reserves | 789 | €12,895 | €1,709 | -€11,186 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,572 | €39,623 | +€70,195 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.