MAENE-VANWALLEGHEM IMMO: 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.
What changed
MAENE-VANWALLEGHEM IMMO
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,752
2024 · -€95,741+€146,493
Equity
€324,309
2024 · €273,557+€50,752
Cash
€4,702
2024 · €11,214-€6,512
Balance sheet total
€5.3m
2024 · €3.5m+€1.8m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+78.9%), from €2.4m to €4.3m
- Deferred charges and accrued income -€125,325
down €125,325 (-100%), from €125,325 to €0
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+67.1%), from €2.1m to €3.6m
- Trade debts +€357,183
up €357,183, from €0 to €357,183
- Accrued charges and deferred income -€125,743
down €125,743 (-94.4%), from €133,163 to €7,419
- Profit (loss) carried forward +€59,038
up €59,038 (+37.5%), from €157,593 to €216,631
Income statement
- Depreciation -€170,399
down €170,399 (-58.4%), from €291,683 to €121,285
- Gross operating margin +€109,992
up €109,992 (+49.3%), from €222,980 to €332,971
- Financial charges +€67,942
up €67,942 (+180%), from €37,777 to €105,719
- Staff costs +€32,827
up €32,827 (+121%), from €27,036 to €59,863
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.
Result 2024
-€95,741
Gross operating margin
+€109,992
Staff costs
-€32,827
Depreciation
+€170,399
Other operating charges
-€3
Financial income
+€3,205
Financial charges
-€67,942
Taxes
+€1,294
Deferred taxes and other
-€37,626
Result 2025
€50,752
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€530,739
Investment
-€2.0m
Financing
+€1.5m
Cash 2024
€11,214
From operations (derived)
+€530,739
Net result for the year
+€50,752
Depreciation
+€121,285
Receivables within one year
-€29,339
Deferred charges and accrued income
+€125,325
Smaller working-capital items
-€4,007
Trade debts
+€357,183
Other debts
+€35,284
Accrued charges and deferred income
-€125,743
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.5m
Debts after one year
+€1.4m
Current portion of long-term debt
+€38,354
Cash 2025
€4,702
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,513,333 | €5,294,138 | +€1.8m | +50.7% |
| Fixed assets | 21/28 | €2,387,367 | €4,270,670 | +€1.9m | +78.9% |
| Tangible fixed assets | 22/27 | €2,387,367 | €4,270,670 | +€1.9m | +78.9% |
| Land and buildings | 22 | €2,387,367 | €4,270,670 | +€1.9m | +78.9% |
| Current assets | 29/58 | €1,125,966 | €1,023,468 | -€102,498 | -9.1% |
| Amounts receivable within one year | 40/41 | €542,088 | €571,427 | +€29,339 | +5.4% |
| Trade receivables | 40 | €320,720 | €215,000 | -€105,720 | -33.0% |
| Other amounts receivable | 41 | €221,368 | €356,427 | +€135,058 | +61.0% |
| Current investments | 50/53 | €447,340 | €447,340 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,214 | €4,702 | -€6,512 | -58.1% |
| Deferred charges and accrued income | 490/1 | €125,325 | €0 | -€125,325 | -100% |
| Total equity and liabilities | 10/49 | €3,513,333 | €5,294,138 | +€1.8m | +50.7% |
| Equity | 10/15 | €273,557 | €324,309 | +€50,752 | +18.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €109,767 | €101,481 | -€8,286 | -7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €86,245 | €77,959 | -€8,286 | -9.6% |
| Distributable reserves | 133 | €23,522 | €23,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,593 | €216,631 | +€59,038 | +37.5% |
| Provisions and deferred taxes | 16 | €132,553 | €129,072 | -€3,481 | -2.6% |
| Deferred taxes | 168 | €132,553 | €129,072 | -€3,481 | -2.6% |
| Amounts payable | 17/49 | €3,107,223 | €4,840,757 | +€1.7m | +55.8% |
| Amounts payable after more than one year | 17 | €2,129,803 | €3,558,785 | +€1.4m | +67.1% |
| Financial debts | 170/4 | €2,129,803 | €3,558,785 | +€1.4m | +67.1% |
| Amounts payable within one year | 42/48 | €844,258 | €1,274,552 | +€430,295 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €146,286 | €184,640 | +€38,354 | +26.2% |
| Trade debts | 44 | €0 | €357,183 | +€357,183 | |
| Suppliers | 440/4 | €0 | €357,183 | +€357,183 | |
| Taxes, remuneration and social security | 45 | €3,651 | €3,125 | -€526 | -14.4% |
| Taxes | 450/3 | €594 | €267 | -€327 | -55.0% |
| Remuneration and social security | 454/9 | €3,058 | €2,858 | -€200 | -6.5% |
| Other amounts payable | 47/48 | €694,321 | €729,604 | +€35,284 | +5.1% |
| Accrued charges and deferred income | 492/3 | €133,163 | €7,419 | -€125,743 | -94.4% |
| Remuneration, social security and pensions | 62 | €27,036 | €59,863 | +€32,827 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,683 | €121,285 | -€170,399 | -58.4% |
| Other operating charges | 640/8 | €11,697 | €11,699 | +€3 | 0.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €222,980 | €332,971 | +€109,992 | +49.3% |
| Operating profit (loss) | 9901 | -€107,437 | €140,124 | +€247,561 | |
| Financial income | 75/76B | €9,661 | €12,866 | +€3,205 | +33.2% |
| Recurring financial income | 75 | €9,661 | €12,866 | +€3,205 | +33.2% |
| Financial charges | 65/66B | €37,777 | €105,719 | +€67,942 | +180% |
| Recurring financial charges | 65 | €37,777 | €105,719 | +€67,942 | +180% |
| Profit (loss) for the period before taxes | 9903 | -€135,553 | €47,271 | +€182,824 | |
| Transfer from deferred taxes | 780 | €41,106 | €3,481 | -€37,626 | -91.5% |
| Income taxes | 67/77 | €1,294 | €0 | -€1,294 | -100% |
| Profit (loss) for the period | 9904 | -€95,741 | €50,752 | +€146,493 | |
| Transfer from tax-exempt reserves | 789 | €97,860 | €8,286 | -€89,574 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,119 | €59,038 | +€56,919 | +2,686% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.