G - 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.
G - IMMO
Largest movements
- Cash -€294,749
down €294,749 (-72.6%), from €406,265 to €111,516
mainly Other debts (-€223,775) and Contributions, distributions and other (-€120,000)
- Tangible fixed assets -€21,953
down €21,953 (-7.5%), from €294,546 to €272,592
- Other debts -€223,775
down €223,775 (-63.9%), from €350,000 to €126,225
- Reserves -€98,985
down €98,985 (-35.2%), from €281,398 to €182,413
of which Non-distributable reserves: -€249,954
- Tax, wage and social debts +€8,025
up €8,025 (+100%), from €7,991 to €16,016
of which Taxes: +€6,938
- Gross operating margin -€762,539
down €762,539 (-88.6%), from €860,876 to €98,337
- Taxes -€157,255
down €157,255 (-95.4%), from €164,875 to €7,620
- Financial income -€12,718
down €12,718 (-82.8%), from €15,357 to €2,639
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 | €708,257 | €391,788 | -€316,469 | -44.7% |
| Fixed assets | 21/28 | €294,756 | €272,802 | -€21,953 | -7.4% |
| Tangible fixed assets | 22/27 | €294,546 | €272,592 | -€21,953 | -7.5% |
| Land and buildings | 22 | €294,546 | €272,592 | -€21,953 | -7.5% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €413,501 | €118,985 | -€294,516 | -71.2% |
| Amounts receivable within one year | 40/41 | €4,837 | €5,018 | +€180 | +3.7% |
| Trade receivables | 40 | €105 | €5,018 | +€4,912 | +4,661% |
| Other amounts receivable | 41 | €4,732 | - | -€4,732 | |
| Cash at bank and in hand | 54/58 | €406,265 | €111,516 | -€294,749 | -72.6% |
| Deferred charges and accrued income | 490/1 | €2,399 | €2,452 | +€53 | +2.2% |
| Total equity and liabilities | 10/49 | €708,257 | €391,788 | -€316,469 | -44.7% |
| Equity | 10/15 | €343,398 | €244,413 | -€98,985 | -28.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €281,398 | €182,413 | -€98,985 | -35.2% |
| Non-distributable reserves | 130/1 | €256,154 | €6,200 | -€249,954 | -97.6% |
| Legal reserve | 130 | €256,154 | €6,200 | -€249,954 | -97.6% |
| Distributable reserves | 133 | €25,244 | €176,213 | +€150,969 | +598% |
| Amounts payable | 17/49 | €364,859 | €147,374 | -€217,485 | -59.6% |
| Amounts payable within one year | 42/48 | €364,859 | €147,374 | -€217,485 | -59.6% |
| Trade debts | 44 | €6,868 | €5,133 | -€1,734 | -25.3% |
| Suppliers | 440/4 | €6,868 | €5,133 | -€1,734 | -25.3% |
| Taxes, remuneration and social security | 45 | €7,991 | €16,016 | +€8,025 | +100% |
| Taxes | 450/3 | €4,344 | €11,282 | +€6,938 | +160% |
| Remuneration and social security | 454/9 | €3,647 | €4,734 | +€1,086 | +29.8% |
| Other amounts payable | 47/48 | €350,000 | €126,225 | -€223,775 | -63.9% |
| Non-recurring operating income | 76A | €800,993 | - | -€800,993 | |
| Remuneration, social security and pensions | 62 | €33,441 | €36,295 | +€2,855 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,337 | €21,953 | -€384 | -1.7% |
| Other operating charges | 640/8 | €14,701 | €13,711 | -€990 | -6.7% |
| Gross operating margin | 9900 | €860,876 | €98,337 | -€762,539 | -88.6% |
| Operating profit (loss) | 9901 | €790,397 | €26,377 | -€764,020 | -96.7% |
| Financial income | 75/76B | €15,357 | €2,639 | -€12,718 | -82.8% |
| Recurring financial income | 75 | €15,357 | €2,639 | -€12,718 | -82.8% |
| Financial charges | 65/66B | €516 | €380 | -€135 | -26.2% |
| Recurring financial charges | 65 | €516 | €380 | -€135 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €805,238 | €28,636 | -€776,603 | -96.4% |
| Income taxes | 67/77 | €164,875 | €7,620 | -€157,255 | -95.4% |
| Profit (loss) for the period | 9904 | €640,363 | €21,015 | -€619,348 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €640,363 | €21,015 | -€619,348 | -96.7% |
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 15 October 2026 via checked.be.