IMMOEXPAT: 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.
IMMOEXPAT
Largest movements
- Receivables within one year -€57,392
down €57,392 (-54.2%), from €105,824 to €48,432
of which Trade receivables: -€44,708
- Cash -€18,294
down €18,294 (-46.6%), from €39,252 to €20,959
mainly Net result for the year (-€38,933) and Trade debts (-€36,558)
- Deferred charges and accrued income +€8,638
up €8,638 (+2675.4%), from €323 to €8,961
- Tangible fixed assets -€7,447
down €7,447 (-33.9%), from €21,974 to €14,527
of which Other tangible fixed assets: -€5,870
- Profit (loss) carried forward -€38,933
down €38,933, from €36,081 to -€2,851
- Trade debts -€36,558
down €36,558 (-79.0%), from €46,274 to €9,715
- Tax, wage and social debts +€12,169
up €12,169 (+108.9%), from €11,170 to €23,339
of which Remuneration and social security: +€6,782
- Other debts -€10,585
down €10,585 (-19.6%), from €54,100 to €43,515
- Gross operating margin -€91,367
down €91,367 (-43.3%), from €211,164 to €119,796
- Staff costs -€55,700
down €55,700 (-28.2%), from €197,713 to €142,013
- Financial charges +€2,436
up €2,436 (+352.7%), from €691 to €3,127
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 | €174,463 | €100,178 | -€74,285 | -42.6% |
| Fixed assets | 21/28 | €29,064 | €21,827 | -€7,237 | -24.9% |
| Tangible fixed assets | 22/27 | €21,974 | €14,527 | -€7,447 | -33.9% |
| Land and buildings | 22 | €797 | €334 | -€463 | -58.1% |
| Furniture and vehicles | 24 | €6,366 | €5,253 | -€1,114 | -17.5% |
| Other tangible fixed assets | 26 | €14,811 | €8,940 | -€5,870 | -39.6% |
| Financial fixed assets | 28 | €7,090 | €7,300 | +€210 | +3.0% |
| Current assets | 29/58 | €145,399 | €78,351 | -€67,048 | -46.1% |
| Amounts receivable within one year | 40/41 | €105,824 | €48,432 | -€57,392 | -54.2% |
| Trade receivables | 40 | €76,371 | €31,664 | -€44,708 | -58.5% |
| Other amounts receivable | 41 | €29,452 | €16,768 | -€12,684 | -43.1% |
| Cash at bank and in hand | 54/58 | €39,252 | €20,959 | -€18,294 | -46.6% |
| Deferred charges and accrued income | 490/1 | €323 | €8,961 | +€8,638 | +2675.4% |
| Total equity and liabilities | 10/49 | €174,463 | €100,178 | -€74,285 | -42.6% |
| Equity | 10/15 | €62,541 | €23,609 | -€38,933 | -62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 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% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,081 | -€2,851 | -€38,933 | |
| Amounts payable | 17/49 | €111,921 | €76,569 | -€35,352 | -31.6% |
| Amounts payable after more than one year | 17 | €377 | - | -€377 | |
| Other amounts payable | 178/9 | €377 | - | -€377 | |
| Amounts payable within one year | 42/48 | €111,544 | €76,569 | -€34,975 | -31.4% |
| Trade debts | 44 | €46,274 | €9,715 | -€36,558 | -79.0% |
| Suppliers | 440/4 | €46,274 | €9,715 | -€36,558 | -79.0% |
| Taxes, remuneration and social security | 45 | €11,170 | €23,339 | +€12,169 | +108.9% |
| Taxes | 450/3 | €2,442 | €7,829 | +€5,387 | +220.6% |
| Remuneration and social security | 454/9 | €8,728 | €15,510 | +€6,782 | +77.7% |
| Other amounts payable | 47/48 | €54,100 | €43,515 | -€10,585 | -19.6% |
| Remuneration, social security and pensions | 62 | €197,713 | €142,013 | -€55,700 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,014 | €8,723 | +€709 | +8.9% |
| Other operating charges | 640/8 | €132 | €1,620 | +€1,488 | +1124.3% |
| Non-recurring operating charges | 66A | - | €3,967 | +€3,967 | |
| Gross operating margin | 9900 | €211,164 | €119,796 | -€91,367 | -43.3% |
| Operating profit (loss) | 9901 | €5,304 | -€36,527 | -€41,832 | |
| Financial income | 75/76B | €90 | €1,072 | +€982 | +1090.1% |
| Recurring financial income | 75 | €90 | €1,072 | +€982 | +1090.1% |
| Financial charges | 65/66B | €691 | €3,127 | +€2,436 | +352.7% |
| Recurring financial charges | 65 | €691 | €3,127 | +€2,436 | +352.7% |
| Profit (loss) for the period before taxes | 9903 | €4,704 | -€38,583 | -€43,286 | |
| Income taxes | 67/77 | - | €350 | +€350 | |
| Profit (loss) for the period | 9904 | €4,704 | -€38,933 | -€43,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,704 | -€38,933 | -€43,636 |
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 4 October 2026 via checked.be.