GO 4 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.
GO 4 IMMO
Largest movements
- Financial fixed assets +€229,667
new in 2025: €229,667
- Receivables within one year -€28,491
down €28,491 (-3.4%), from €849,684 to €821,194
of which Other amounts receivable: -€27,229
- Other debts +€262,734
up €262,734 (+25.6%), from €1.0m to €1.3m
- Profit (loss) carried forward -€57,227
down €57,227 (-39.2%), from -€145,959 to -€203,186
- Debts after one year -€15,270
down €15,270 (-7.4%), from €207,209 to €191,940
- Gross operating margin -€10,761
down €10,761 (-33.4%), from €32,183 to €21,421
- Financial income -€9,484
down €9,484 (-72.2%), from €13,131 to €3,647
- Depreciation -€1,583
down €1,583 (-12.0%), from €13,158 to €11,575
- Other operating charges -€354
down €354 (-13.7%), from €2,594 to €2,239
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 | €1,204,281 | €1,394,918 | +€190,637 | +15.8% |
| Fixed assets | 21/28 | €354,409 | €572,500 | +€218,091 | +61.5% |
| Tangible fixed assets | 22/27 | €354,409 | €342,833 | -€11,575 | -3.3% |
| Land and buildings | 22 | €353,209 | €342,645 | -€10,564 | -3.0% |
| Furniture and vehicles | 24 | €1,199 | €188 | -€1,011 | -84.3% |
| Financial fixed assets | 28 | - | €229,667 | +€229,667 | |
| Current assets | 29/58 | €849,872 | €822,418 | -€27,454 | -3.2% |
| Amounts receivable within one year | 40/41 | €849,684 | €821,194 | -€28,491 | -3.4% |
| Trade receivables | 40 | €1,262 | - | -€1,262 | |
| Other amounts receivable | 41 | €848,422 | €821,194 | -€27,229 | -3.2% |
| Cash at bank and in hand | 54/58 | €188 | €752 | +€564 | +300% |
| Deferred charges and accrued income | 490/1 | - | €472 | +€472 | |
| Total equity and liabilities | 10/49 | €1,204,281 | €1,394,918 | +€190,637 | +15.8% |
| Equity | 10/15 | -€50,075 | -€107,302 | -€57,227 | -114% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,684 | €89,684 | = | 0.0% |
| Distributable reserves | 133 | €89,684 | €89,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,959 | -€203,186 | -€57,227 | -39.2% |
| Amounts payable | 17/49 | €1,254,356 | €1,502,220 | +€247,864 | +19.8% |
| Amounts payable after more than one year | 17 | €207,209 | €191,940 | -€15,270 | -7.4% |
| Financial debts | 170/4 | €207,209 | €191,940 | -€15,270 | -7.4% |
| Amounts payable within one year | 42/48 | €1,046,302 | €1,309,440 | +€263,138 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €16,193 | €16,528 | +€335 | +2.1% |
| Trade debts | 44 | €3,931 | €4,000 | +€69 | +1.7% |
| Suppliers | 440/4 | €3,931 | €4,000 | +€69 | +1.7% |
| Other amounts payable | 47/48 | €1,026,178 | €1,288,912 | +€262,734 | +25.6% |
| Accrued charges and deferred income | 492/3 | €844 | €840 | -€5 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,158 | €11,575 | -€1,583 | -12.0% |
| Other operating charges | 640/8 | €2,594 | €2,239 | -€354 | -13.7% |
| Non-recurring operating charges | 66A | - | €60,000 | +€60,000 | |
| Gross operating margin | 9900 | €32,183 | €21,421 | -€10,761 | -33.4% |
| Operating profit (loss) | 9901 | €16,431 | -€52,393 | -€68,824 | |
| Financial income | 75/76B | €13,131 | €3,647 | -€9,484 | -72.2% |
| Recurring financial income | 75 | €13,131 | €3,647 | -€9,484 | -72.2% |
| Financial charges | 65/66B | €8,377 | €8,481 | +€104 | +1.2% |
| Recurring financial charges | 65 | €8,377 | €8,481 | +€104 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €21,185 | -€57,227 | -€78,411 | |
| Profit (loss) for the period | 9904 | €21,185 | -€57,227 | -€78,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,185 | -€57,227 | -€78,411 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.