Internationaal Woningbeheer: 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.
Internationaal Woningbeheer
Largest movements
- Cash +€391,682
up €391,682 (+1,166%), from €33,594 to €425,276
mainly Net result for the year (+€215,236) and Receivables within one year (+€130,844)
- Receivables within one year -€130,844
down €130,844 (-8.2%), from €1.6m to €1.5m
- Tangible fixed assets -€124,451
down €124,451 (-16.4%), from €758,327 to €633,877
of which Land and buildings: -€117,857
- Reserves +€195,236
up €195,236 (+9.4%), from €2.1m to €2.3m
of which Tax-exempt reserves: +€109,882
- Debts after one year -€129,794
down €129,794 (-46.7%), from €278,060 to €148,266
- Provisions +€31,192
up €31,192 (+76.5%), from €40,798 to €71,991
- Gross operating margin +€236,551
up €236,551 (+446%), from €53,049 to €289,600
- Taxes -€102,606
down €102,606 (-90.8%), from €113,001 to €10,395
- Depreciation -€7,591
down €7,591 (-15.6%), from €48,597 to €41,006
- Other operating charges -€3,201
down €3,201 (-31.7%), from €10,100 to €6,899
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 | €2,421,997 | €2,546,257 | +€124,259 | +5.1% |
| Fixed assets | 21/28 | €758,327 | €633,877 | -€124,451 | -16.4% |
| Tangible fixed assets | 22/27 | €758,327 | €633,877 | -€124,451 | -16.4% |
| Land and buildings | 22 | €737,158 | €619,301 | -€117,857 | -16.0% |
| Plant, machinery and equipment | 23 | €258 | €21 | -€237 | -91.9% |
| Furniture and vehicles | 24 | €14,211 | €8,565 | -€5,646 | -39.7% |
| Other tangible fixed assets | 26 | €6,700 | €5,990 | -€710 | -10.6% |
| Current assets | 29/58 | €1,663,670 | €1,912,380 | +€248,710 | +14.9% |
| Amounts receivable within one year | 40/41 | €1,601,029 | €1,470,185 | -€130,844 | -8.2% |
| Other amounts receivable | 41 | €1,601,029 | €1,470,185 | -€130,844 | -8.2% |
| Cash at bank and in hand | 54/58 | €33,594 | €425,276 | +€391,682 | +1,166% |
| Deferred charges and accrued income | 490/1 | €29,047 | €16,919 | -€12,128 | -41.8% |
| Total equity and liabilities | 10/49 | €2,421,997 | €2,546,257 | +€124,259 | +5.1% |
| Equity | 10/15 | €2,096,361 | €2,291,596 | +€195,236 | +9.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,076,361 | €2,271,596 | +€195,236 | +9.4% |
| Tax-exempt reserves | 132 | €81,087 | €190,969 | +€109,882 | +136% |
| Distributable reserves | 133 | €1,995,274 | €2,080,628 | +€85,354 | +4.3% |
| Provisions and deferred taxes | 16 | €40,798 | €71,991 | +€31,192 | +76.5% |
| Deferred taxes | 168 | €40,798 | €71,991 | +€31,192 | +76.5% |
| Amounts payable | 17/49 | €284,839 | €182,670 | -€102,169 | -35.9% |
| Amounts payable after more than one year | 17 | €278,060 | €148,266 | -€129,794 | -46.7% |
| Other amounts payable | 178/9 | €278,060 | €148,266 | -€129,794 | -46.7% |
| Amounts payable within one year | 42/48 | €6,779 | €34,404 | +€27,626 | +408% |
| Trade debts | 44 | €4,179 | €2,521 | -€1,658 | -39.7% |
| Suppliers | 440/4 | €4,179 | €2,521 | -€1,658 | -39.7% |
| Taxes, remuneration and social security | 45 | €2,600 | €11,884 | +€9,283 | +357% |
| Taxes | 450/3 | €500 | €10,784 | +€10,283 | +2,056% |
| Remuneration and social security | 454/9 | €2,100 | €1,100 | -€1,000 | -47.6% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | - | €376,058 | +€376,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,597 | €41,006 | -€7,591 | -15.6% |
| Other operating charges | 640/8 | €10,100 | €6,899 | -€3,201 | -31.7% |
| Gross operating margin | 9900 | €53,049 | €289,600 | +€236,551 | +446% |
| Operating profit (loss) | 9901 | -€5,648 | €241,695 | +€247,343 | |
| Financial income | 75/76B | €16,975 | €15,461 | -€1,514 | -8.9% |
| Recurring financial income | 75 | €16,975 | €15,461 | -€1,514 | -8.9% |
| Financial charges | 65/66B | €285 | €333 | +€48 | +16.9% |
| Recurring financial charges | 65 | €285 | €333 | +€48 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €11,042 | €256,823 | +€245,781 | +2,226% |
| Transfer from deferred taxes | 780 | €4,772 | €16,103 | +€11,332 | +237% |
| Transfer to deferred taxes | 680 | - | €47,296 | +€47,296 | |
| Income taxes | 67/77 | €113,001 | €10,395 | -€102,606 | -90.8% |
| Profit (loss) for the period | 9904 | -€97,188 | €215,236 | +€312,423 | |
| Transfer from tax-exempt reserves | 789 | €9,484 | €32,006 | +€22,522 | +237% |
| Transfer to tax-exempt reserves | 689 | - | €141,887 | +€141,887 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,704 | €105,354 | +€193,057 |
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 29 October 2026 via checked.be.