KEY IMMO: 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.
KEY IMMO
Largest movements
- Receivables within one year -€1,685
down €1,685 (-95.6%), from €1,763 to €78
- Intangible fixed assets -€1,007
down €1,007 (-88.8%), from €1,134 to €127
- Cash -€858
down €858 (-52.2%), from €1,645 to €787
mainly Debts after one year (-€5,045) and Tax, wage and social debts (-€1,035)
- Deferred charges and accrued income +€486
up €486 (+46.8%), from €1,039 to €1,525
- Tangible fixed assets +€412
up €412 (+14.0%), from €2,938 to €3,350
- Debts after one year -€5,045
down €5,045 (-15.2%), from €33,156 to €28,110
- Profit (loss) carried forward +€3,045
up €3,045 (+5.8%), from -€52,235 to -€49,190
- Trade debts +€1,160
up €1,160 (+64.8%), from €1,791 to €2,950
- Tax, wage and social debts -€1,035
no longer reported in 2024 (was €1,035)
of which Remuneration and social security: -€873
- Advances received -€642
no longer reported in 2024 (was €642)
- Staff costs -€13,102
down €13,102 (-97.9%), from €13,377 to €275
- Gross operating margin -€10,349
down €10,349 (-54.5%), from €18,983 to €8,633
- Depreciation -€2,955
down €2,955 (-65.0%), from €4,545 to €1,590
- Financial charges -€918
down €918 (-39.4%), from €2,332 to €1,414
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,519 | €5,866 | -€2,653 | -31.1% |
| Fixed assets | 21/28 | €4,072 | €3,477 | -€595 | -14.6% |
| Intangible fixed assets | 21 | €1,134 | €127 | -€1,007 | -88.8% |
| Tangible fixed assets | 22/27 | €2,938 | €3,350 | +€412 | +14.0% |
| Plant, machinery and equipment | 23 | €2,938 | €3,350 | +€412 | +14.0% |
| Current assets | 29/58 | €4,447 | €2,389 | -€2,057 | -46.3% |
| Amounts receivable within one year | 40/41 | €1,763 | €78 | -€1,685 | -95.6% |
| Other amounts receivable | 41 | €1,763 | €78 | -€1,685 | -95.6% |
| Cash at bank and in hand | 54/58 | €1,645 | €787 | -€858 | -52.2% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,525 | +€486 | +46.8% |
| Total equity and liabilities | 10/49 | €8,519 | €5,866 | -€2,653 | -31.1% |
| Equity | 10/15 | -€33,635 | -€30,590 | +€3,045 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,235 | -€49,190 | +€3,045 | +5.8% |
| Amounts payable | 17/49 | €42,153 | €36,456 | -€5,697 | -13.5% |
| Amounts payable after more than one year | 17 | €33,156 | €28,110 | -€5,045 | -15.2% |
| Financial debts | 170/4 | €33,156 | €28,110 | -€5,045 | -15.2% |
| Amounts payable within one year | 42/48 | €8,998 | €8,346 | -€652 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €4,830 | €5,045 | +€215 | +4.5% |
| Trade debts | 44 | €1,791 | €2,950 | +€1,160 | +64.8% |
| Suppliers | 440/4 | €1,791 | €2,950 | +€1,160 | +64.8% |
| Advances received on contracts in progress | 46 | €642 | - | -€642 | |
| Taxes, remuneration and social security | 45 | €1,035 | - | -€1,035 | |
| Taxes | 450/3 | €162 | - | -€162 | |
| Remuneration and social security | 454/9 | €873 | - | -€873 | |
| Other amounts payable | 47/48 | €700 | €350 | -€350 | -50.0% |
| Remuneration, social security and pensions | 62 | €13,377 | €275 | -€13,102 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,545 | €1,590 | -€2,955 | -65.0% |
| Other operating charges | 640/8 | €1,246 | €1,111 | -€135 | -10.8% |
| Non-recurring operating charges | 66A | - | €1,198 | +€1,198 | |
| Gross operating margin | 9900 | €18,983 | €8,633 | -€10,349 | -54.5% |
| Operating profit (loss) | 9901 | -€186 | €4,458 | +€4,644 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €2,332 | €1,414 | -€918 | -39.4% |
| Recurring financial charges | 65 | €2,332 | €1,414 | -€918 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,507 | €3,045 | +€5,551 | |
| Profit (loss) for the period | 9904 | -€2,507 | €3,045 | +€5,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,507 | €3,045 | +€5,551 |
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 29 September 2026 via checked.be.