G IMMO: what changed
Two fiscal 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
- Tangible fixed assets -€63,528
down €63,528 (-5.1%), from €1.2m to €1.2m
of which Plant, machinery and equipment: -€44,037
- Debts after one year -€52,687
down €52,687 (-8.9%), from €592,264 to €539,577
- Trade debts -€23,736
down €23,736 (-93.9%), from €25,280 to €1,543
- Other debts +€20,947
up €20,947 (+8.1%), from €257,876 to €278,823
- Gross operating margin +€10,454
up €10,454 (+16.3%), from €64,274 to €74,728
- Depreciation -€3,802
down €3,802 (-6.4%), from €59,153 to €55,351
- Financial charges +€1,120
up €1,120 (+5.4%), from €20,807 to €21,927
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 | €1,259,471 | €1,199,994 | -€59,477 | -4.7% |
| Fixed assets | 21/28 | €1,241,007 | €1,177,478 | -€63,528 | -5.1% |
| Tangible fixed assets | 22/27 | €1,241,007 | €1,177,478 | -€63,528 | -5.1% |
| Land and buildings | 22 | €1,033,847 | €1,014,878 | -€18,970 | -1.8% |
| Plant, machinery and equipment | 23 | €205,320 | €161,283 | -€44,037 | -21.4% |
| Furniture and vehicles | 24 | €1,840 | €1,318 | -€522 | -28.4% |
| Current assets | 29/58 | €18,464 | €22,516 | +€4,051 | +21.9% |
| Amounts receivable within one year | 40/41 | €16,786 | €18,369 | +€1,583 | +9.4% |
| Trade receivables | 40 | €16,786 | €18,368 | +€1,582 | +9.4% |
| Other amounts receivable | 41 | €0 | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €1,678 | €4,147 | +€2,469 | +147.1% |
| Total equity and liabilities | 10/49 | €1,259,471 | €1,199,994 | -€59,477 | -4.7% |
| Equity | 10/15 | €331,279 | €322,275 | -€9,003 | -2.7% |
| Contributions | 10/11 | €606,200 | €606,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,922 | -€283,925 | -€9,003 | -3.3% |
| Amounts payable | 17/49 | €928,192 | €877,719 | -€50,474 | -5.4% |
| Amounts payable after more than one year | 17 | €592,264 | €539,577 | -€52,687 | -8.9% |
| Financial debts | 170/4 | €592,264 | €539,577 | -€52,687 | -8.9% |
| Amounts payable within one year | 42/48 | €335,928 | €338,142 | +€2,214 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €48,929 | €51,045 | +€2,116 | +4.3% |
| Trade debts | 44 | €25,280 | €1,543 | -€23,736 | -93.9% |
| Suppliers | 440/4 | €25,280 | €1,543 | -€23,736 | -93.9% |
| Taxes, remuneration and social security | 45 | €3,843 | €6,730 | +€2,887 | +75.1% |
| Taxes | 450/3 | €3,843 | €6,730 | +€2,887 | +75.1% |
| Other amounts payable | 47/48 | €257,876 | €278,823 | +€20,947 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,153 | €55,351 | -€3,802 | -6.4% |
| Other operating charges | 640/8 | €5,899 | €6,464 | +€565 | +9.6% |
| Gross operating margin | 9900 | €64,274 | €74,728 | +€10,454 | +16.3% |
| Operating profit (loss) | 9901 | -€778 | €12,914 | +€13,692 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +30366.7% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +30366.7% |
| Financial charges | 65/66B | €20,807 | €21,927 | +€1,120 | +5.4% |
| Recurring financial charges | 65 | €20,807 | €21,927 | +€1,120 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,585 | -€9,004 | +€12,581 | +58.3% |
| Income taxes | 67/77 | - | -€1 | -€1 | |
| Profit (loss) for the period | 9904 | -€21,585 | -€9,003 | +€12,582 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,585 | -€9,003 | +€12,582 | +58.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.