GO-NOT 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.
What changed
GO-NOT IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€114,999
2024 · €116,817-€1,818
Equity
€421,696
2024 · €415,897+€5,799
Cash
€30,733
2024 · €22,931+€7,801
Balance sheet total
€1.4m
2024 · €1.5m-€86,502
Largest movements
Assets
- Tangible fixed assets -€94,149
down €94,149 (-6.5%), from €1.4m to €1.4m
of which Land and buildings: -€86,568
Equity and liabilities
- Debts after one year -€182,323
down €182,323 (-28.3%), from €643,347 to €461,025
- Trade debts +€86,000
up €86,000 (+86.0%), from €100,000 to €186,000
Income statement
- Other operating charges +€2,378
up €2,378 (+16.1%), from €14,812 to €17,190
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.
Result 2024
€116,817
Gross operating margin
+€1,809
Depreciation
-€881
Other operating charges
-€2,378
Financial charges
+€1,211
Taxes
-€1,579
Result 2025
€114,999
raises the resultlowers the result
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.
From operations
+€298,143
Investment
€0
Financing
-€290,342
Cash 2024
€22,931
From operations (derived)
+€298,143
Net result for the year
+€114,999
Depreciation
+€94,149
Smaller working-capital items
+€10
Trade debts
+€86,000
Tax, wage and social debts
+€2,986
Financing
-€290,342
Debts after one year
-€182,323
Current portion of long-term debt
+€1,181
Contributions, distributions and other
-€109,200
Cash 2025
€30,733
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,469,542 | €1,383,040 | -€86,502 | -5.9% |
| Fixed assets | 21/28 | €1,445,955 | €1,351,806 | -€94,149 | -6.5% |
| Tangible fixed assets | 22/27 | €1,445,955 | €1,351,806 | -€94,149 | -6.5% |
| Land and buildings | 22 | €1,388,812 | €1,302,244 | -€86,568 | -6.2% |
| Furniture and vehicles | 24 | €2,354 | €1,412 | -€941 | -40.0% |
| Other tangible fixed assets | 26 | €54,789 | €48,149 | -€6,640 | -12.1% |
| Current assets | 29/58 | €23,587 | €31,234 | +€7,647 | +32.4% |
| Amounts receivable within one year | 40/41 | €179 | - | -€179 | |
| Other amounts receivable | 41 | €179 | - | -€179 | |
| Cash at bank and in hand | 54/58 | €22,931 | €30,733 | +€7,801 | +34.0% |
| Deferred charges and accrued income | 490/1 | €477 | €502 | +€24 | +5.1% |
| Total equity and liabilities | 10/49 | €1,469,542 | €1,383,040 | -€86,502 | -5.9% |
| Equity | 10/15 | €415,897 | €421,696 | +€5,799 | +1.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €115,450 | €121,200 | +€5,750 | +5.0% |
| Non-distributable reserves | 130/1 | €11,350 | €17,100 | +€5,750 | +50.7% |
| Legal reserve | 130 | €11,350 | €17,100 | +€5,750 | +50.7% |
| Distributable reserves | 133 | €104,100 | €104,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €447 | €496 | +€49 | +11.0% |
| Amounts payable | 17/49 | €1,053,646 | €961,345 | -€92,301 | -8.8% |
| Amounts payable after more than one year | 17 | €643,347 | €461,025 | -€182,323 | -28.3% |
| Financial debts | 170/4 | €643,347 | €461,025 | -€182,323 | -28.3% |
| Amounts payable within one year | 42/48 | €394,786 | €484,811 | +€90,025 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €181,142 | €182,323 | +€1,181 | +0.7% |
| Trade debts | 44 | €100,000 | €186,000 | +€86,000 | +86.0% |
| Suppliers | 440/4 | €100,000 | €186,000 | +€86,000 | +86.0% |
| Taxes, remuneration and social security | 45 | €1,764 | €4,749 | +€2,986 | +169% |
| Taxes | 450/3 | €1,764 | €4,749 | +€2,986 | +169% |
| Other amounts payable | 47/48 | €111,881 | €111,739 | -€141 | -0.1% |
| Accrued charges and deferred income | 492/3 | €15,512 | €15,509 | -€3 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,268 | €94,149 | +€881 | +0.9% |
| Other operating charges | 640/8 | €14,812 | €17,190 | +€2,378 | +16.1% |
| Gross operating margin | 9900 | €232,655 | €234,465 | +€1,809 | +0.8% |
| Operating profit (loss) | 9901 | €124,576 | €123,126 | -€1,450 | -1.2% |
| Financial charges | 65/66B | €6,174 | €4,963 | -€1,211 | -19.6% |
| Recurring financial charges | 65 | €6,174 | €4,963 | -€1,211 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €118,402 | €118,163 | -€239 | -0.2% |
| Income taxes | 67/77 | €1,585 | €3,164 | +€1,579 | +99.6% |
| Profit (loss) for the period | 9904 | €116,817 | €114,999 | -€1,818 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,817 | €114,999 | -€1,818 | -1.6% |
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 18 October 2026 via checked.be.