IMMOWAT: 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.
IMMOWAT
Largest movements
- Tangible fixed assets +€1.6m
new in 2024: €1.6m
- Cash +€58,691
up €58,691 (+7,331%), from €801 to €59,492
mainly Debts after one year (+€1.7m) and Depreciation (+€20,782)
- Debts after one year +€1.7m
new in 2024: €1.7m
- Other debts -€45,000
no longer reported in 2024 (was €45,000)
- Profit (loss) carried forward -€27,790
down €27,790 (-32.3%), from -€86,035 to -€113,826
- Gross operating margin +€47,639
up €47,639, from -€25,145 to €22,494
- Financial charges +€28,272
up €28,272 (+2,298%), from €1,230 to €29,502
- Depreciation +€20,417
up €20,417 (+5,586%), from €366 to €20,782
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.
Derived cash bridge
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 | €1,643 | €1,641,256 | +€1.6m | +99,774% |
| Formation expenses | 20 | €538 | €173 | -€366 | -67.9% |
| Fixed assets | 21/28 | - | €1,579,583 | +€1.6m | |
| Tangible fixed assets | 22/27 | - | €1,579,583 | +€1.6m | |
| Land and buildings | 22 | - | €1,579,583 | +€1.6m | |
| Current assets | 29/58 | €1,105 | €61,500 | +€60,395 | +5,465% |
| Amounts receivable within one year | 40/41 | €304 | €1,846 | +€1,541 | +506% |
| Trade receivables | 40 | €80 | €1,846 | +€1,766 | +2,221% |
| Other amounts receivable | 41 | €225 | - | -€225 | |
| Cash at bank and in hand | 54/58 | €801 | €59,492 | +€58,691 | +7,331% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €1,643 | €1,641,256 | +€1.6m | +99,774% |
| Equity | 10/15 | -€61,035 | -€88,826 | -€27,790 | -45.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,035 | -€113,826 | -€27,790 | -32.3% |
| Amounts payable | 17/49 | €62,679 | €1,730,082 | +€1.7m | +2,660% |
| Amounts payable after more than one year | 17 | - | €1,700,000 | +€1.7m | |
| Financial debts | 170/4 | - | €1,700,000 | +€1.7m | |
| Amounts payable within one year | 42/48 | €62,679 | €30,082 | -€32,597 | -52.0% |
| Trade debts | 44 | €17,679 | €28,443 | +€10,764 | +60.9% |
| Suppliers | 440/4 | €17,679 | €28,443 | +€10,764 | +60.9% |
| Taxes, remuneration and social security | 45 | - | €1,639 | +€1,639 | |
| Taxes | 450/3 | - | €1,639 | +€1,639 | |
| Other amounts payable | 47/48 | €45,000 | - | -€45,000 | |
| Remuneration, social security and pensions | 62 | €223 | - | -€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €20,782 | +€20,417 | +5,586% |
| Other operating charges | 640/8 | - | €0 | +€0 | |
| Non-recurring operating charges | 66A | €1,048 | - | -€1,048 | |
| Gross operating margin | 9900 | -€25,145 | €22,494 | +€47,639 | |
| Operating profit (loss) | 9901 | -€26,781 | €1,712 | +€28,493 | |
| Financial charges | 65/66B | €1,230 | €29,502 | +€28,272 | +2,298% |
| Recurring financial charges | 65 | €1,230 | €29,502 | +€28,272 | +2,298% |
| Profit (loss) for the period before taxes | 9903 | -€28,011 | -€27,790 | +€221 | +0.8% |
| Profit (loss) for the period | 9904 | -€28,011 | -€27,790 | +€221 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,011 | -€27,790 | +€221 | +0.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.