EGA 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.
EGA IMMO
Largest movements
- Tangible fixed assets +€182,577
up €182,577 (+8.2%), from €2.2m to €2.4m
of which Land and buildings: +€748,088
- Cash -€78,503
down €78,503 (-71.1%), from €110,411 to €31,907
mainly Investment in fixed assets (net) (-€260,015) and Net result for the year (-€178,965)
- Receivables within one year -€39,497
down €39,497 (-26.4%), from €149,880 to €110,383
of which Trade receivables: -€66,349
- Other debts +€285,769
up €285,769 (+36.4%), from €784,082 to €1.1m
- Profit (loss) carried forward -€178,965
down €178,965 (-25.3%), from -€708,305 to -€887,271
- Trade debts -€30,298
down €30,298 (-21.6%), from €140,315 to €110,017
- Depreciation +€28,809
up €28,809 (+59.7%), from €48,280 to €77,088
- Financial income +€4,228
up €4,228 (+207,259%), from €2 to €4,230
- Financial charges -€2,203
down €2,203 (-5.0%), from €43,942 to €41,739
- Gross operating margin +€1,172
up €1,172 (+2.0%), from -€59,160 to -€57,988
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,487,251 | €2,551,949 | +€64,698 | +2.6% |
| Fixed assets | 21/28 | €2,224,815 | €2,407,742 | +€182,927 | +8.2% |
| Tangible fixed assets | 22/27 | €2,224,815 | €2,407,392 | +€182,577 | +8.2% |
| Land and buildings | 22 | €1,092,596 | €1,840,684 | +€748,088 | +68.5% |
| Plant, machinery and equipment | 23 | €97,746 | €101,386 | +€3,640 | +3.7% |
| Furniture and vehicles | 24 | €3,426 | €31,569 | +€28,143 | +821% |
| Assets under construction and advance payments | 27 | €1,031,047 | €433,754 | -€597,293 | -57.9% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €262,436 | €144,206 | -€118,229 | -45.1% |
| Amounts receivable within one year | 40/41 | €149,880 | €110,383 | -€39,497 | -26.4% |
| Trade receivables | 40 | €99,583 | €33,233 | -€66,349 | -66.6% |
| Other amounts receivable | 41 | €50,297 | €77,149 | +€26,852 | +53.4% |
| Cash at bank and in hand | 54/58 | €110,411 | €31,907 | -€78,503 | -71.1% |
| Deferred charges and accrued income | 490/1 | €2,145 | €1,916 | -€229 | -10.7% |
| Total equity and liabilities | 10/49 | €2,487,251 | €2,551,949 | +€64,698 | +2.6% |
| Equity | 10/15 | €1,341,695 | €1,162,729 | -€178,965 | -13.3% |
| Contributions | 10/11 | €2,050,000 | €2,050,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€708,305 | -€887,271 | -€178,965 | -25.3% |
| Amounts payable | 17/49 | €1,145,557 | €1,389,219 | +€243,663 | +21.3% |
| Amounts payable after more than one year | 17 | €207,490 | €193,462 | -€14,028 | -6.8% |
| Financial debts | 170/4 | €207,490 | €193,462 | -€14,028 | -6.8% |
| Amounts payable within one year | 42/48 | €938,066 | €1,195,757 | +€257,691 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €13,670 | €14,028 | +€358 | +2.6% |
| Trade debts | 44 | €140,315 | €110,017 | -€30,298 | -21.6% |
| Suppliers | 440/4 | €140,315 | €110,017 | -€30,298 | -21.6% |
| Taxes, remuneration and social security | 45 | - | €1,862 | +€1,862 | |
| Taxes | 450/3 | - | €1,862 | +€1,862 | |
| Other amounts payable | 47/48 | €784,082 | €1,069,850 | +€285,769 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,280 | €77,088 | +€28,809 | +59.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,922 | €6,380 | -€543 | -7.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€59,160 | -€57,988 | +€1,172 | +2.0% |
| Operating profit (loss) | 9901 | -€114,362 | -€141,456 | -€27,094 | -23.7% |
| Financial income | 75/76B | €2 | €4,230 | +€4,228 | +207,259% |
| Recurring financial income | 75 | €2 | €4,230 | +€4,228 | +207,259% |
| Financial charges | 65/66B | €43,942 | €41,739 | -€2,203 | -5.0% |
| Recurring financial charges | 65 | €43,942 | €41,739 | -€2,203 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€158,302 | -€178,965 | -€20,663 | -13.1% |
| Profit (loss) for the period | 9904 | -€158,302 | -€178,965 | -€20,663 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€158,302 | -€178,965 | -€20,663 | -13.1% |
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 14 October 2026 via checked.be.