IMMOWIELS: 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.
IMMOWIELS
Largest movements
- Tangible fixed assets -€106,463
down €106,463 (-8.9%), from €1.2m to €1.1m
of which Furniture and vehicles: -€59,490
- Cash +€16,832
up €16,832 (+188%), from €8,955 to €25,787
mainly Depreciation (+€58,088) and Short-term financial debts (+€50,000)
- Debts after one year -€81,443
down €81,443 (-16.9%), from €482,926 to €401,483
of which Financial debts: -€81,443
- Short-term financial debts +€50,000
new in 2025: €50,000
- Current portion of long-term debt -€45,662
down €45,662 (-46.1%), from €98,990 to €53,328
- Gross operating margin -€77,632
down €77,632 (-15.5%), from €500,994 to €423,363
- Staff costs -€72,337
down €72,337 (-18.6%), from €389,259 to €316,922
- Depreciation -€16,716
down €16,716 (-22.3%), from €74,804 to €58,088
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 | €1,269,344 | €1,173,861 | -€95,483 | -7.5% |
| Fixed assets | 21/28 | €1,195,354 | €1,088,891 | -€106,463 | -8.9% |
| Tangible fixed assets | 22/27 | €1,195,354 | €1,088,891 | -€106,463 | -8.9% |
| Land and buildings | 22 | €1,116,654 | €1,070,432 | -€46,221 | -4.1% |
| Plant, machinery and equipment | 23 | €1,503 | €752 | -€751 | -50.0% |
| Furniture and vehicles | 24 | €77,197 | €17,707 | -€59,490 | -77.1% |
| Current assets | 29/58 | €73,990 | €84,970 | +€10,980 | +14.8% |
| Amounts receivable within one year | 40/41 | €24,832 | €15,179 | -€9,654 | -38.9% |
| Trade receivables | 40 | €4,257 | €4,257 | = | 0.0% |
| Other amounts receivable | 41 | €20,576 | €10,922 | -€9,654 | -46.9% |
| Cash at bank and in hand | 54/58 | €8,955 | €25,787 | +€16,832 | +188% |
| Deferred charges and accrued income | 490/1 | €40,203 | €44,005 | +€3,802 | +9.5% |
| Total equity and liabilities | 10/49 | €1,269,344 | €1,173,861 | -€95,483 | -7.5% |
| Equity | 10/15 | €390,474 | €380,791 | -€9,683 | -2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €260,042 | €260,042 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,182 | €18,182 | = | 0.0% |
| Other | 1319 | €18,182 | €18,182 | = | 0.0% |
| Distributable reserves | 133 | €241,860 | €241,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,841 | €102,157 | -€9,683 | -8.7% |
| Amounts payable | 17/49 | €878,870 | €793,070 | -€85,800 | -9.8% |
| Amounts payable after more than one year | 17 | €482,926 | €401,483 | -€81,443 | -16.9% |
| Financial debts | 170/4 | €480,526 | €399,083 | -€81,443 | -16.9% |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €395,944 | €391,588 | -€4,357 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €98,990 | €53,328 | -€45,662 | -46.1% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €73,733 | €72,745 | -€988 | -1.3% |
| Suppliers | 440/4 | €73,733 | €72,745 | -€988 | -1.3% |
| Taxes, remuneration and social security | 45 | €49,643 | €41,780 | -€7,863 | -15.8% |
| Taxes | 450/3 | €4,050 | - | -€4,050 | |
| Remuneration and social security | 454/9 | €45,593 | €41,780 | -€3,813 | -8.4% |
| Other amounts payable | 47/48 | €173,578 | €173,734 | +€156 | +0.1% |
| Remuneration, social security and pensions | 62 | €389,259 | €316,922 | -€72,337 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,804 | €58,088 | -€16,716 | -22.3% |
| Other operating charges | 640/8 | €18,503 | €17,961 | -€542 | -2.9% |
| Non-recurring operating charges | 66A | - | €19,468 | +€19,468 | |
| Gross operating margin | 9900 | €500,994 | €423,363 | -€77,632 | -15.5% |
| Operating profit (loss) | 9901 | €18,428 | €10,924 | -€7,504 | -40.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -30.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -30.0% |
| Financial charges | 65/66B | €23,628 | €20,330 | -€3,298 | -14.0% |
| Recurring financial charges | 65 | €23,628 | €20,330 | -€3,298 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,199 | -€9,406 | -€4,207 | -80.9% |
| Income taxes | 67/77 | €328 | €277 | -€51 | -15.5% |
| Profit (loss) for the period | 9904 | -€5,528 | -€9,683 | -€4,156 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,528 | -€9,683 | -€4,156 | -75.2% |
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 28 October 2026 via checked.be.