IMMOFLUISTERAAR: 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.
IMMOFLUISTERAAR
Largest movements
- Receivables within one year +€663,958
up €663,958 (+232%), from €286,622 to €950,580
of which Trade receivables: +€905,748
- Cash +€204,751
up €204,751 (+377%), from €54,377 to €259,128
mainly Net result for the year (+€829,122) and Other debts (+€684,000)
- Tangible fixed assets -€12,869
down €12,869 (-40.0%), from €32,193 to €19,324
of which Leasing and similar rights: -€10,464
- Other debts +€684,000
up €684,000 (+68,400%), from €1,000 to €685,000
- Reserves +€144,122
up €144,122 (+174%), from €82,740 to €226,862
of which Distributable reserves: +€144,122
- Trade debts +€50,694
up €50,694 (+53.8%), from €94,265 to €144,959
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts +€38,462
up €38,462 (+184%), from €20,867 to €59,329
- Gross operating margin +€753,077
up €753,077 (+521%), from €144,546 to €897,623
- Provisions -€82,549
down €82,549 (-100%), from €82,549 to €0
- Taxes +€44,849
new in 2025: €44,849
- Financial charges -€13,144
down €13,144 (-76.3%), from €17,229 to €4,085
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 | €373,331 | €1,229,975 | +€856,644 | +229% |
| Fixed assets | 21/28 | €32,193 | €19,324 | -€12,869 | -40.0% |
| Tangible fixed assets | 22/27 | €32,193 | €19,324 | -€12,869 | -40.0% |
| Plant, machinery and equipment | 23 | €457 | €6,939 | +€6,482 | +1,418% |
| Furniture and vehicles | 24 | €8,887 | - | -€8,887 | |
| Leasing and similar rights | 25 | €22,849 | €12,385 | -€10,464 | -45.8% |
| Current assets | 29/58 | €341,138 | €1,210,651 | +€869,513 | +255% |
| Amounts receivable within one year | 40/41 | €286,622 | €950,580 | +€663,958 | +232% |
| Trade receivables | 40 | €44,832 | €950,580 | +€905,748 | +2,020% |
| Other amounts receivable | 41 | €241,790 | €0 | -€241,790 | -100% |
| Cash at bank and in hand | 54/58 | €54,377 | €259,128 | +€204,751 | +377% |
| Deferred charges and accrued income | 490/1 | €139 | €943 | +€804 | +579% |
| Total equity and liabilities | 10/49 | €373,331 | €1,229,975 | +€856,644 | +229% |
| Equity | 10/15 | €101,340 | €245,462 | +€144,122 | +142% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,740 | €226,862 | +€144,122 | +174% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,880 | €225,002 | +€144,122 | +178% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €82,549 | €82,549 | +€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,549 | €82,549 | +€0 | 0.0% |
| Environmental obligations | 163 | €82,549 | - | -€82,549 | |
| Other liabilities and charges | 164/5 | - | €82,549 | +€82,549 | |
| Amounts payable | 17/49 | €189,442 | €901,964 | +€712,522 | +376% |
| Amounts payable after more than one year | 17 | €12,676 | €1,829 | -€10,847 | -85.6% |
| Financial debts | 170/4 | €12,676 | €1,829 | -€10,847 | -85.6% |
| Amounts payable within one year | 42/48 | €176,766 | €900,135 | +€723,369 | +409% |
| Current portion of amounts payable after more than one year | 42 | €10,634 | €10,847 | +€213 | +2.0% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €94,265 | €144,959 | +€50,694 | +53.8% |
| Suppliers | 440/4 | €94,265 | €144,959 | +€50,694 | +53.8% |
| Taxes, remuneration and social security | 45 | €20,867 | €59,329 | +€38,462 | +184% |
| Taxes | 450/3 | €20,867 | €59,329 | +€38,462 | +184% |
| Other amounts payable | 47/48 | €1,000 | €685,000 | +€684,000 | +68,400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,711 | €15,166 | -€545 | -3.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €82,549 | €0 | -€82,549 | -100% |
| Other operating charges | 640/8 | €2,739 | €4,402 | +€1,663 | +60.7% |
| Gross operating margin | 9900 | €144,546 | €897,623 | +€753,077 | +521% |
| Operating profit (loss) | 9901 | €43,547 | €878,056 | +€834,509 | +1,916% |
| Financial charges | 65/66B | €17,229 | €4,085 | -€13,144 | -76.3% |
| Recurring financial charges | 65 | €17,229 | €4,085 | -€13,144 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €26,318 | €873,971 | +€847,653 | +3,221% |
| Income taxes | 67/77 | - | €44,849 | +€44,849 | |
| Profit (loss) for the period | 9904 | €26,318 | €829,122 | +€802,804 | +3,050% |
| Profit (loss) for the period to be appropriated | 9905 | €26,318 | €829,122 | +€802,804 | +3,050% |
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 20 October 2026 via checked.be.