EGS 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.
EGS IMMO
Largest movements
- Receivables within one year +€119,553
up €119,553 (+462%), from €25,871 to €145,424
of which Trade receivables: +€124,370
- Cash +€70,871
up €70,871 (+149%), from €47,589 to €118,460
mainly Accrued charges and deferred income (+€142,408) and Depreciation (+€51,971)
- Tangible fixed assets -€44,212
down €44,212 (-9.8%), from €449,261 to €405,049
of which Furniture and vehicles: -€27,236
- Deferred charges and accrued income -€18,556
down €18,556 (-22.4%), from €82,756 to €64,200
- Accrued charges and deferred income +€142,408
new in 2025: €142,408
- Debts after one year -€48,015
down €48,015 (-14.1%), from €340,009 to €291,994
- Profit (loss) carried forward +€22,973
up €22,973 (+59.4%), from €38,682 to €61,655
- Trade debts -€17,678
down €17,678 (-13.7%), from €129,174 to €111,496
- Other debts +€16,266
up €16,266 (+114%), from €14,220 to €30,486
- Gross operating margin +€141,521
up €141,521 (+37.0%), from €382,316 to €523,837
- Staff costs +€110,436
up €110,436 (+36.2%), from €305,357 to €415,793
- Taxes +€7,165
up €7,165 (+3,512%), from €204 to €7,369
- Other operating charges +€6,459
up €6,459 (+589%), from €1,096 to €7,555
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 | €605,527 | €733,183 | +€127,656 | +21.1% |
| Fixed assets | 21/28 | €449,311 | €405,099 | -€44,212 | -9.8% |
| Tangible fixed assets | 22/27 | €449,261 | €405,049 | -€44,212 | -9.8% |
| Land and buildings | 22 | €336,859 | €327,729 | -€9,130 | -2.7% |
| Plant, machinery and equipment | 23 | €3,969 | €2,621 | -€1,348 | -34.0% |
| Furniture and vehicles | 24 | €84,828 | €57,592 | -€27,236 | -32.1% |
| Leasing and similar rights | 25 | €23,605 | €17,107 | -€6,498 | -27.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €156,216 | €328,084 | +€171,868 | +110% |
| Amounts receivable within one year | 40/41 | €25,871 | €145,424 | +€119,553 | +462% |
| Trade receivables | 40 | €21,054 | €145,424 | +€124,370 | +591% |
| Other amounts receivable | 41 | €4,817 | - | -€4,817 | |
| Cash at bank and in hand | 54/58 | €47,589 | €118,460 | +€70,871 | +149% |
| Deferred charges and accrued income | 490/1 | €82,756 | €64,200 | -€18,556 | -22.4% |
| Total equity and liabilities | 10/49 | €605,527 | €733,183 | +€127,656 | +21.1% |
| Equity | 10/15 | €44,882 | €67,855 | +€22,973 | +51.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,682 | €61,655 | +€22,973 | +59.4% |
| Amounts payable | 17/49 | €560,645 | €665,328 | +€104,683 | +18.7% |
| Amounts payable after more than one year | 17 | €340,009 | €291,994 | -€48,015 | -14.1% |
| Financial debts | 170/4 | €340,009 | €291,994 | -€48,015 | -14.1% |
| Amounts payable within one year | 42/48 | €220,636 | €230,926 | +€10,290 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €48,754 | €48,016 | -€738 | -1.5% |
| Trade debts | 44 | €129,174 | €111,496 | -€17,678 | -13.7% |
| Suppliers | 440/4 | €129,174 | €111,496 | -€17,678 | -13.7% |
| Taxes, remuneration and social security | 45 | €28,488 | €40,928 | +€12,440 | +43.7% |
| Taxes | 450/3 | €13,901 | €27,099 | +€13,198 | +94.9% |
| Remuneration and social security | 454/9 | €14,587 | €13,829 | -€758 | -5.2% |
| Other amounts payable | 47/48 | €14,220 | €30,486 | +€16,266 | +114% |
| Accrued charges and deferred income | 492/3 | - | €142,408 | +€142,408 | |
| Non-recurring operating income | 76A | - | €13,668 | +€13,668 | |
| Remuneration, social security and pensions | 62 | €305,357 | €415,793 | +€110,436 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,772 | €51,971 | +€199 | +0.4% |
| Other operating charges | 640/8 | €1,096 | €7,555 | +€6,459 | +589% |
| Gross operating margin | 9900 | €382,316 | €523,837 | +€141,521 | +37.0% |
| Operating profit (loss) | 9901 | €24,091 | €48,518 | +€24,427 | +101% |
| Financial income | 75/76B | €3 | €525 | +€522 | +17,400% |
| Recurring financial income | 75 | €3 | €525 | +€522 | +17,400% |
| Financial charges | 65/66B | €17,748 | €18,701 | +€953 | +5.4% |
| Recurring financial charges | 65 | €17,748 | €18,701 | +€953 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €6,346 | €30,342 | +€23,996 | +378% |
| Income taxes | 67/77 | €204 | €7,369 | +€7,165 | +3,512% |
| Profit (loss) for the period | 9904 | €6,142 | €22,973 | +€16,831 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €6,142 | €22,973 | +€16,831 | +274% |
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 17 October 2026 via checked.be.