W & R 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.
W & R immo
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+748%), from €160,779 to €1.4m
- Receivables within one year -€79,616
no longer reported in 2023 (was €79,616)
- Debts after one year +€615,232
up €615,232 (+611%), from €100,720 to €715,952
- Other debts +€535,660
new in 2023: €535,660
- Profit (loss) carried forward -€35,125
new in 2023: -€35,125
- Current portion of long-term debt +€22,873
up €22,873 (+226%), from €10,138 to €33,011
- Gross operating margin -€24,360
down €24,360 (-73.8%), from €33,009 to €8,649
- Depreciation +€23,888
up €23,888 (+328%), from €7,280 to €31,168
- Taxes -€6,362
no longer reported in 2023 (was €6,362)
- Financial charges +€6,030
up €6,030 (+165%), from €3,654 to €9,684
- Other operating charges +€1,492
up €1,492 (+60.2%), from €2,477 to €3,970
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,742 | €1,371,003 | +€1.1m | +467% |
| Fixed assets | 21/28 | €160,779 | €1,370,608 | +€1.2m | +752% |
| Tangible fixed assets | 22/27 | €160,779 | €1,364,108 | +€1.2m | +748% |
| Land and buildings | 22 | €160,779 | €1,364,108 | +€1.2m | +748% |
| Financial fixed assets | 28 | - | €6,500 | +€6,500 | |
| Current assets | 29/58 | €80,964 | €395 | -€80,569 | -99.5% |
| Amounts receivable within one year | 40/41 | €79,616 | - | -€79,616 | |
| Other amounts receivable | 41 | €79,616 | - | -€79,616 | |
| Cash at bank and in hand | 54/58 | €1,000 | - | -€1,000 | |
| Deferred charges and accrued income | 490/1 | €347 | €395 | +€47 | +13.7% |
| Total equity and liabilities | 10/49 | €241,742 | €1,371,003 | +€1.1m | +467% |
| Equity | 10/15 | €106,882 | €71,757 | -€35,125 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,282 | €88,282 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €86,422 | €88,282 | +€1,860 | +2.2% |
| Profit (loss) carried forward | 14 | - | -€35,125 | -€35,125 | |
| Amounts payable | 17/49 | €134,860 | €1,299,246 | +€1.2m | +863% |
| Amounts payable after more than one year | 17 | €100,720 | €715,952 | +€615,232 | +611% |
| Financial debts | 170/4 | €100,720 | €715,952 | +€615,232 | +611% |
| Amounts payable within one year | 42/48 | €34,140 | €581,873 | +€547,732 | +1,604% |
| Current portion of amounts payable after more than one year | 42 | €10,138 | €33,011 | +€22,873 | +226% |
| Trade debts | 44 | €5,022 | €5,803 | +€782 | +15.6% |
| Suppliers | 440/4 | €5,022 | €5,803 | +€782 | +15.6% |
| Taxes, remuneration and social security | 45 | €18,981 | €7,398 | -€11,583 | -61.0% |
| Taxes | 450/3 | €16,197 | €4,556 | -€11,641 | -71.9% |
| Remuneration and social security | 454/9 | €2,784 | €2,842 | +€58 | +2.1% |
| Other amounts payable | 47/48 | - | €535,660 | +€535,660 | |
| Accrued charges and deferred income | 492/3 | - | €1,422 | +€1,422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,280 | €31,168 | +€23,888 | +328% |
| Other operating charges | 640/8 | €2,477 | €3,970 | +€1,492 | +60.2% |
| Gross operating margin | 9900 | €33,009 | €8,649 | -€24,360 | -73.8% |
| Operating profit (loss) | 9901 | €23,252 | -€26,488 | -€49,740 | |
| Financial income | 75/76B | €1,644 | €1,047 | -€598 | -36.3% |
| Recurring financial income | 75 | €1,644 | €1,047 | -€598 | -36.3% |
| Financial charges | 65/66B | €3,654 | €9,684 | +€6,030 | +165% |
| Recurring financial charges | 65 | €3,654 | €9,684 | +€6,030 | +165% |
| Profit (loss) for the period before taxes | 9903 | €21,242 | -€35,125 | -€56,368 | |
| Income taxes | 67/77 | €6,362 | - | -€6,362 | |
| Profit (loss) for the period | 9904 | €14,880 | -€35,125 | -€50,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,880 | -€35,125 | -€50,005 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.