BWIC-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.
BWIC-IMMO
Largest movements
- Financial fixed assets -€356,054
down €356,054 (-100.0%), from €356,054 to €0
- Cash +€83,673
up €83,673 (+618.3%), from €13,533 to €97,206
mainly Investment in fixed assets (net) (+€352,843) and Depreciation (+€6,034)
- Debts after one year -€252,324
down €252,324 (-79.5%), from €317,324 to €65,000
of which Financial debts: -€242,324
- Current portion of long-term debt -€26,260
down €26,260 (-100.0%), from €26,260 to €0
- Financial charges +€33,820
up €33,820 (+256.8%), from €13,169 to €46,989
of which Non-recurring financial charges: +€31,054
- Gross operating margin +€13,872
up €13,872 (+27.9%), from €49,786 to €63,658
- Depreciation +€3,488
up €3,488 (+137.0%), from €2,546 to €6,034
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 | €405,661 | €129,486 | -€276,175 | -68.1% |
| Fixed assets | 21/28 | €371,808 | €12,931 | -€358,877 | -96.5% |
| Tangible fixed assets | 22/27 | €15,754 | €12,931 | -€2,823 | -17.9% |
| Furniture and vehicles | 24 | €11,999 | €10,028 | -€1,971 | -16.4% |
| Other tangible fixed assets | 26 | €3,755 | €2,903 | -€852 | -22.7% |
| Financial fixed assets | 28 | €356,054 | €0 | -€356,054 | -100.0% |
| Current assets | 29/58 | €33,853 | €116,555 | +€82,702 | +244.3% |
| Amounts receivable within one year | 40/41 | €15,438 | €11,933 | -€3,505 | -22.7% |
| Trade receivables | 40 | €15,438 | €11,933 | -€3,505 | -22.7% |
| Cash at bank and in hand | 54/58 | €13,533 | €97,206 | +€83,673 | +618.3% |
| Deferred charges and accrued income | 490/1 | €4,883 | €7,416 | +€2,533 | +51.9% |
| Total equity and liabilities | 10/49 | €405,661 | €129,486 | -€276,175 | -68.1% |
| Equity | 10/15 | €42,295 | €43,364 | +€1,069 | +2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,295 | €40,364 | +€1,069 | +2.7% |
| Amounts payable | 17/49 | €363,366 | €86,122 | -€277,244 | -76.3% |
| Amounts payable after more than one year | 17 | €317,324 | €65,000 | -€252,324 | -79.5% |
| Financial debts | 170/4 | €242,324 | €0 | -€242,324 | -100.0% |
| Other amounts payable | 178/9 | €75,000 | €65,000 | -€10,000 | -13.3% |
| Amounts payable within one year | 42/48 | €46,042 | €21,116 | -€24,926 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €26,260 | €0 | -€26,260 | -100.0% |
| Trade debts | 44 | €4,431 | €5,935 | +€1,504 | +33.9% |
| Suppliers | 440/4 | €4,431 | €5,935 | +€1,504 | +33.9% |
| Taxes, remuneration and social security | 45 | €15,180 | €15,011 | -€170 | -1.1% |
| Taxes | 450/3 | €15,180 | €15,011 | -€170 | -1.1% |
| Other amounts payable | 47/48 | €171 | €171 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Non-recurring operating income | 76A | €85 | €0 | -€85 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,546 | €6,034 | +€3,488 | +137.0% |
| Other operating charges | 640/8 | €975 | €595 | -€380 | -39.0% |
| Gross operating margin | 9900 | €49,786 | €63,658 | +€13,872 | +27.9% |
| Operating profit (loss) | 9901 | €46,265 | €57,029 | +€10,764 | +23.3% |
| Financial income | 75/76B | €18 | €18 | +€0 | +0.7% |
| Recurring financial income | 75 | €18 | €18 | +€0 | +0.7% |
| Financial charges | 65/66B | €13,169 | €46,989 | +€33,820 | +256.8% |
| Recurring financial charges | 65 | €13,169 | €15,935 | +€2,766 | +21.0% |
| Non-recurring financial charges | 66B | - | €31,054 | +€31,054 | |
| Profit (loss) for the period before taxes | 9903 | €33,114 | €10,057 | -€23,056 | -69.6% |
| Income taxes | 67/77 | €9,063 | €8,988 | -€75 | -0.8% |
| Profit (loss) for the period | 9904 | €24,050 | €1,069 | -€22,981 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,050 | €1,069 | -€22,981 | -95.6% |
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 9 October 2026 via checked.be.