W-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.
W-IMMO
Largest movements
- Tangible fixed assets -€14,315
down €14,315 (-5.2%), from €277,835 to €263,520
of which Land and buildings: -€10,141
- Profit (loss) carried forward -€15,001
down €15,001 (-2.6%), from -€574,358 to -€589,359
- Other debts +€4,060
up €4,060 (+3.8%), from €107,790 to €111,850
- Trade debts -€3,405
down €3,405 (-19.0%), from €17,917 to €14,512
- Gross operating margin -€25,915
down €25,915 (-47.3%), from €54,746 to €28,831
- Financial charges -€1,480
down €1,480 (-5.8%), from €25,368 to €23,888
- Other operating charges +€784
up €784 (+16.2%), from €4,845 to €5,629
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.
Cash bridge derived
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 | €304,968 | €290,645 | -€14,323 | -4.7% |
| Fixed assets | 21/28 | €277,835 | €263,520 | -€14,315 | -5.2% |
| Tangible fixed assets | 22/27 | €277,835 | €263,520 | -€14,315 | -5.2% |
| Land and buildings | 22 | €251,314 | €241,173 | -€10,141 | -4.0% |
| Other tangible fixed assets | 26 | €26,521 | €22,347 | -€4,174 | -15.7% |
| Current assets | 29/58 | €27,133 | €27,125 | -€8 | 0.0% |
| Amounts receivable within one year | 40/41 | €27,125 | €27,125 | = | 0.0% |
| Other amounts receivable | 41 | €27,125 | €27,125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8 | - | -€8 | |
| Total equity and liabilities | 10/49 | €304,968 | €290,645 | -€14,323 | -4.7% |
| Equity | 10/15 | -€438,016 | -€453,017 | -€15,001 | -3.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | - | -€123,947 | |
| Issued capital | 100 | €123,947 | - | -€123,947 | |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | - | -€12,395 | |
| Reserves not available under the articles | 1311 | - | €12,395 | +€12,395 | |
| Profit (loss) carried forward | 14 | -€574,358 | -€589,359 | -€15,001 | -2.6% |
| Amounts payable | 17/49 | €742,984 | €743,662 | +€678 | +0.1% |
| Amounts payable after more than one year | 17 | €617,277 | €617,277 | = | 0.0% |
| Financial debts | 170/4 | €617,277 | €617,277 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,707 | €126,385 | +€678 | +0.5% |
| Financial debts | 43 | - | €23 | +€23 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Trade debts | 44 | €17,917 | €14,512 | -€3,405 | -19.0% |
| Suppliers | 440/4 | €17,917 | €14,512 | -€3,405 | -19.0% |
| Other amounts payable | 47/48 | €107,790 | €111,850 | +€4,060 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,316 | €14,315 | -€1 | 0.0% |
| Other operating charges | 640/8 | €4,845 | €5,629 | +€784 | +16.2% |
| Gross operating margin | 9900 | €54,746 | €28,831 | -€25,915 | -47.3% |
| Operating profit (loss) | 9901 | €35,585 | €8,887 | -€26,698 | -75.0% |
| Financial income | 75/76B | €141 | - | -€141 | |
| Recurring financial income | 75 | €141 | - | -€141 | |
| Financial charges | 65/66B | €25,368 | €23,888 | -€1,480 | -5.8% |
| Recurring financial charges | 65 | €25,368 | €23,888 | -€1,480 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €10,358 | -€15,001 | -€25,359 | |
| Profit (loss) for the period | 9904 | €10,358 | -€15,001 | -€25,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,358 | -€15,001 | -€25,359 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.