IMMOWAM: 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.
IMMOWAM
Largest movements
- Tangible fixed assets -€8,419
down €8,419 (-8.7%), from €96,993 to €88,574
of which Other tangible fixed assets: -€6,224
- Cash -€2,120
down €2,120 (-95.0%), from €2,233 to €112
mainly Debts after one year (-€16,782) and Trade debts (-€4,808)
- Receivables within one year -€1,500
no longer reported in 2025 (was €1,500)
- Debts after one year -€16,782
down €16,782 (-51.6%), from €32,505 to €15,723
- Other debts +€8,000
up €8,000 (+93.9%), from €8,524 to €16,524
- Trade debts -€4,808
down €4,808 (-33.6%), from €14,299 to €9,491
- Profit (loss) carried forward +€1,909
up €1,909 (+31.3%), from €6,102 to €8,011
- Gross operating margin -€3,038
down €3,038 (-12.7%), from €23,877 to €20,839
- Other operating charges -€566
down €566 (-6.2%), from €9,094 to €8,528
- Taxes -€386
down €386 (-35.1%), from €1,101 to €715
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 | €100,726 | €88,686 | -€12,039 | -12.0% |
| Fixed assets | 21/28 | €96,993 | €88,574 | -€8,419 | -8.7% |
| Tangible fixed assets | 22/27 | €96,993 | €88,574 | -€8,419 | -8.7% |
| Land and buildings | 22 | €77,457 | €75,263 | -€2,195 | -2.8% |
| Other tangible fixed assets | 26 | €19,536 | €13,312 | -€6,224 | -31.9% |
| Current assets | 29/58 | €3,733 | €112 | -€3,620 | -97.0% |
| Amounts receivable within one year | 40/41 | €1,500 | - | -€1,500 | |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Cash at bank and in hand | 54/58 | €2,233 | €112 | -€2,120 | -95.0% |
| Total equity and liabilities | 10/49 | €100,726 | €88,686 | -€12,039 | -12.0% |
| Equity | 10/15 | €26,356 | €28,266 | +€1,909 | +7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €255 | €255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €255 | €255 | = | 0.0% |
| Reserves not available under the articles | 1311 | €255 | €255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,102 | €8,011 | +€1,909 | +31.3% |
| Amounts payable | 17/49 | €74,369 | €60,421 | -€13,949 | -18.8% |
| Amounts payable after more than one year | 17 | €32,505 | €15,723 | -€16,782 | -51.6% |
| Financial debts | 170/4 | €32,505 | €15,723 | -€16,782 | -51.6% |
| Amounts payable within one year | 42/48 | €41,864 | €44,698 | +€2,834 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €17,724 | €17,968 | +€244 | +1.4% |
| Trade debts | 44 | €14,299 | €9,491 | -€4,808 | -33.6% |
| Suppliers | 440/4 | €14,299 | €9,491 | -€4,808 | -33.6% |
| Taxes, remuneration and social security | 45 | €1,317 | €715 | -€602 | -45.7% |
| Taxes | 450/3 | €1,317 | €715 | -€602 | -45.7% |
| Other amounts payable | 47/48 | €8,524 | €16,524 | +€8,000 | +93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,419 | €8,419 | = | 0.0% |
| Other operating charges | 640/8 | €9,094 | €8,528 | -€566 | -6.2% |
| Gross operating margin | 9900 | €23,877 | €20,839 | -€3,038 | -12.7% |
| Operating profit (loss) | 9901 | €6,364 | €3,892 | -€2,473 | -38.9% |
| Financial charges | 65/66B | €1,428 | €1,267 | -€161 | -11.2% |
| Recurring financial charges | 65 | €1,428 | €1,267 | -€161 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €4,937 | €2,625 | -€2,312 | -46.8% |
| Income taxes | 67/77 | €1,101 | €715 | -€386 | -35.1% |
| Profit (loss) for the period | 9904 | €3,835 | €1,909 | -€1,926 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,835 | €1,909 | -€1,926 | -50.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.