G.IMMO STAR: 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 STAR
Largest movements
- Tangible fixed assets +€18,572
up €18,572 (+1.0%), from €1.8m to €1.8m
of which Land and buildings: +€17,133
- Debts after one year -€134,566
down €134,566 (-12.7%), from €1.1m to €924,598
of which Other amounts payable: -€859,969
- Current portion of long-term debt +€85,951
up €85,951 (+75.0%), from €114,567 to €200,519
- Profit (loss) carried forward +€30,876
up €30,876 (+207%), from €14,881 to €45,757
- Other debts +€29,093
up €29,093 (+212%), from €13,735 to €42,828
- Gross operating margin +€61,217
up €61,217 (+49.2%), from €124,348 to €185,566
- Other operating charges +€21,387
up €21,387 (+128%), from €16,725 to €38,112
- Taxes +€8,416
up €8,416 (+235%), from €3,583 to €11,999
- Depreciation +€8,021
up €8,021 (+13.4%), from €59,795 to €67,815
- Financial charges -€2,105
down €2,105 (-5.4%), from €38,869 to €36,764
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 | €1,797,572 | €1,824,749 | +€27,178 | +1.5% |
| Fixed assets | 21/28 | €1,794,086 | €1,812,657 | +€18,572 | +1.0% |
| Tangible fixed assets | 22/27 | €1,792,392 | €1,810,963 | +€18,572 | +1.0% |
| Land and buildings | 22 | €1,743,658 | €1,760,790 | +€17,133 | +1.0% |
| Furniture and vehicles | 24 | - | €2,984 | +€2,984 | |
| Other tangible fixed assets | 26 | €48,734 | €47,189 | -€1,545 | -3.2% |
| Financial fixed assets | 28 | €1,694 | €1,694 | = | 0.0% |
| Current assets | 29/58 | €3,486 | €12,092 | +€8,606 | +247% |
| Cash at bank and in hand | 54/58 | €1,576 | €8,601 | +€7,025 | +446% |
| Deferred charges and accrued income | 490/1 | €1,910 | €3,491 | +€1,581 | +82.8% |
| Total equity and liabilities | 10/49 | €1,797,572 | €1,824,749 | +€27,178 | +1.5% |
| Equity | 10/15 | €564,048 | €594,924 | +€30,876 | +5.5% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Revaluation surpluses | 12 | €390,000 | €390,000 | = | 0.0% |
| Reserves | 13 | €47,167 | €47,167 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,167 | €47,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,881 | €45,757 | +€30,876 | +207% |
| Provisions and deferred taxes | 16 | €15,722 | €15,722 | = | 0.0% |
| Deferred taxes | 168 | €15,722 | €15,722 | = | 0.0% |
| Amounts payable | 17/49 | €1,217,801 | €1,214,103 | -€3,698 | -0.3% |
| Amounts payable after more than one year | 17 | €1,059,163 | €924,598 | -€134,566 | -12.7% |
| Financial debts | 170/4 | - | €725,403 | +€725,403 | |
| Other amounts payable | 178/9 | €1,059,163 | €199,195 | -€859,969 | -81.2% |
| Amounts payable within one year | 42/48 | €156,498 | €289,505 | +€133,007 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | €114,567 | €200,519 | +€85,951 | +75.0% |
| Trade debts | 44 | €14,838 | €29,950 | +€15,112 | +102% |
| Suppliers | 440/4 | €14,838 | €29,950 | +€15,112 | +102% |
| Taxes, remuneration and social security | 45 | €13,357 | €16,209 | +€2,851 | +21.3% |
| Taxes | 450/3 | €13,357 | €16,209 | +€2,851 | +21.3% |
| Other amounts payable | 47/48 | €13,735 | €42,828 | +€29,093 | +212% |
| Accrued charges and deferred income | 492/3 | €2,140 | - | -€2,140 | |
| Non-recurring operating income | 76A | - | €1,067 | +€1,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,795 | €67,815 | +€8,021 | +13.4% |
| Other operating charges | 640/8 | €16,725 | €38,112 | +€21,387 | +128% |
| Gross operating margin | 9900 | €124,348 | €185,566 | +€61,217 | +49.2% |
| Operating profit (loss) | 9901 | €47,828 | €79,638 | +€31,810 | +66.5% |
| Financial charges | 65/66B | €38,869 | €36,764 | -€2,105 | -5.4% |
| Recurring financial charges | 65 | €38,869 | €36,764 | -€2,105 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €8,959 | €42,874 | +€33,915 | +379% |
| Income taxes | 67/77 | €3,583 | €11,999 | +€8,416 | +235% |
| Profit (loss) for the period | 9904 | €5,377 | €30,876 | +€25,499 | +474% |
| Profit (loss) for the period to be appropriated | 9905 | €5,377 | €30,876 | +€25,499 | +474% |
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.