IMMOGLAS: 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.
What changed
IMMOGLAS
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€6,889
2023 · -€96,634+€89,745
Equity
€117,824
2023 · €124,713-€6,889
Cash
€311
2023 · €16,892-€16,581
Balance sheet total
€2.0m
2023 · €1.9m+€87,092
Largest movements
Assets
- Stocks and contracts +€112,466
up €112,466 (+26.1%), from €430,553 to €543,019
Equity and liabilities
- Debts after one year -€1.0m
no longer reported in 2024 (was €1.0m)
- Current portion of long-term debt +€1.0m
new in 2024: €1.0m
- Other debts +€92,911
up €92,911 (+12.6%), from €738,582 to €831,493
Income statement
- Financial charges -€87,398
down €87,398 (-99.0%), from €88,279 to €881
- Services and other goods -€23,524
down €23,524 (-84.9%), from €27,717 to €4,193
- Other operating income -€20,494
no longer reported in 2024 (was €20,494)
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.
Result 2023
-€96,634
Other operating items
+€3,030
Financial income
-€683
Financial charges
+€87,398
Result 2024
-€6,889
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.
From operations
-€16,581
Investment
€0
Financing
€0
Cash 2023
€16,892
From operations (derived)
-€16,581
Net result for the year
-€6,889
Depreciation
+€1,790
Stocks and contracts
-€112,466
Receivables within one year
+€7,003
Trade debts
+€1,070
Other debts
+€92,911
Financing
€0
Debts after one year
-€1.0m
Current portion of long-term debt
+€1.0m
Cash 2024
€311
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,864,377 | €1,951,469 | +€87,092 | +4.7% |
| Fixed assets | 21/28 | €1,409,929 | €1,408,139 | -€1,790 | -0.1% |
| Tangible fixed assets | 22/27 | €10,878 | €9,088 | -€1,790 | -16.5% |
| Land and buildings | 22 | €10,878 | €9,088 | -€1,790 | -16.5% |
| Financial fixed assets | 28 | €1,399,051 | €1,399,051 | = | 0.0% |
| Affiliated companies | 280/1 | €1,399,051 | €1,399,051 | = | 0.0% |
| Participating interests | 280 | €1,399,051 | €1,399,051 | = | 0.0% |
| Current assets | 29/58 | €454,448 | €543,330 | +€88,882 | +19.6% |
| Stocks and contracts in progress | 3 | €430,553 | €543,019 | +€112,466 | +26.1% |
| Stocks | 30/36 | €430,553 | €543,019 | +€112,466 | +26.1% |
| Property held for sale | 35 | €430,553 | €543,019 | +€112,466 | +26.1% |
| Amounts receivable within one year | 40/41 | €7,003 | - | -€7,003 | |
| Other amounts receivable | 41 | €7,003 | - | -€7,003 | |
| Cash at bank and in hand | 54/58 | €16,892 | €311 | -€16,581 | -98.2% |
| Total equity and liabilities | 10/49 | €1,864,377 | €1,951,469 | +€87,092 | +4.7% |
| Equity | 10/15 | €124,713 | €117,824 | -€6,889 | -5.5% |
| Contributions | 10/11 | €66,706 | €66,706 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €5,206 | €5,206 | = | 0.0% |
| Share premium | 1100/10 | €5,206 | €5,206 | = | 0.0% |
| Reserves | 13 | €359,674 | €359,674 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €353,524 | €353,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,667 | -€308,556 | -€6,889 | -2.3% |
| Amounts payable | 17/49 | €1,739,664 | €1,833,645 | +€93,981 | +5.4% |
| Amounts payable after more than one year | 17 | €1,000,000 | - | -€1.0m | |
| Financial debts | 170/4 | €1,000,000 | - | -€1.0m | |
| Credit institutions | 173 | €1,000,000 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €739,664 | €1,833,645 | +€1.1m | +147.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €1,082 | €2,152 | +€1,070 | +98.9% |
| Suppliers | 440/4 | €1,082 | €2,152 | +€1,070 | +98.9% |
| Other amounts payable | 47/48 | €738,582 | €831,493 | +€92,911 | +12.6% |
| Operating income | 70/76A | €20,494 | - | -€20,494 | |
| Other operating income | 74 | €20,494 | - | -€20,494 | |
| Operating charges | 60/66A | €29,532 | €6,008 | -€23,524 | -79.7% |
| Services and other goods | 61 | €27,717 | €4,193 | -€23,524 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €1,790 | = | 0.0% |
| Other operating charges | 640/8 | €25 | €25 | = | 0.0% |
| Operating profit (loss) | 9901 | -€9,038 | -€6,008 | +€3,030 | +33.5% |
| Recurring financial income | 75 | €683 | - | -€683 | |
| Other financial income | 752/9 | €683 | - | -€683 | |
| Financial charges | 65/66B | €88,279 | €881 | -€87,398 | -99.0% |
| Recurring financial charges | 65 | €88,279 | €881 | -€87,398 | -99.0% |
| Other financial charges | 652/9 | €88,279 | €881 | -€87,398 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€96,634 | -€6,889 | +€89,745 | +92.9% |
| Profit (loss) for the period | 9904 | -€96,634 | -€6,889 | +€89,745 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,634 | -€6,889 | +€89,745 | +92.9% |
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 2 October 2026 via checked.be.