GOOD - 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.
GOOD - IMMO
Largest movements
- Tangible fixed assets +€292,451
up €292,451 (+20.6%), from €1.4m to €1.7m
- Debts after one year +€195,832
up €195,832 (+29.4%), from €665,842 to €861,674
- Other debts +€57,644
up €57,644 (+50.9%), from €113,204 to €170,848
- Current portion of long-term debt +€24,751
up €24,751 (+37.2%), from €66,452 to €91,203
- Reserves +€21,050
up €21,050 (+4.6%), from €456,250 to €477,300
of which Tax-exempt reserves: +€21,050
- Depreciation +€28,811
up €28,811 (+53.1%), from €54,262 to €83,073
- Gross operating margin +€11,546
up €11,546 (+8.4%), from €137,966 to €149,512
- Financial charges +€10,833
up €10,833 (+62.3%), from €17,394 to €28,227
- Taxes -€7,016
down €7,016 (-48.8%), from €14,372 to €7,356
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 | €1,488,265 | €1,792,798 | +€304,533 | +20.5% |
| Fixed assets | 21/28 | €1,420,012 | €1,712,463 | +€292,451 | +20.6% |
| Tangible fixed assets | 22/27 | €1,420,012 | €1,712,463 | +€292,451 | +20.6% |
| Land and buildings | 22 | €1,420,012 | €1,712,463 | +€292,451 | +20.6% |
| Current assets | 29/58 | €68,253 | €80,335 | +€12,082 | +17.7% |
| Amounts receivable within one year | 40/41 | €29,140 | €25,373 | -€3,766 | -12.9% |
| Trade receivables | 40 | €24,453 | €22,913 | -€1,540 | -6.3% |
| Other amounts receivable | 41 | €4,687 | €2,460 | -€2,226 | -47.5% |
| Cash at bank and in hand | 54/58 | €27,264 | €26,085 | -€1,178 | -4.3% |
| Deferred charges and accrued income | 490/1 | €11,849 | €28,876 | +€17,027 | +143.7% |
| Total equity and liabilities | 10/49 | €1,488,265 | €1,792,798 | +€304,533 | +20.5% |
| Equity | 10/15 | €605,652 | €628,496 | +€22,843 | +3.8% |
| 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 | €456,250 | €477,300 | +€21,050 | +4.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | €42,100 | +€21,050 | +100.0% |
| Distributable reserves | 133 | €429,000 | €429,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,402 | €89,196 | +€1,793 | +2.1% |
| Amounts payable | 17/49 | €882,612 | €1,164,302 | +€281,690 | +31.9% |
| Amounts payable after more than one year | 17 | €665,842 | €861,674 | +€195,832 | +29.4% |
| Financial debts | 170/4 | €665,842 | €861,674 | +€195,832 | +29.4% |
| Amounts payable within one year | 42/48 | €207,359 | €292,440 | +€85,081 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €66,452 | €91,203 | +€24,751 | +37.2% |
| Trade debts | 44 | €27,451 | €26,913 | -€538 | -2.0% |
| Suppliers | 440/4 | €27,451 | €26,913 | -€538 | -2.0% |
| Taxes, remuneration and social security | 45 | €253 | €3,477 | +€3,224 | +1273.8% |
| Taxes | 450/3 | €253 | €3,477 | +€3,224 | +1273.8% |
| Other amounts payable | 47/48 | €113,204 | €170,848 | +€57,644 | +50.9% |
| Accrued charges and deferred income | 492/3 | €9,411 | €10,187 | +€776 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,262 | €83,073 | +€28,811 | +53.1% |
| Other operating charges | 640/8 | €7,773 | €8,013 | +€240 | +3.1% |
| Gross operating margin | 9900 | €137,966 | €149,512 | +€11,546 | +8.4% |
| Operating profit (loss) | 9901 | €75,931 | €58,426 | -€17,505 | -23.1% |
| Financial charges | 65/66B | €17,394 | €28,227 | +€10,833 | +62.3% |
| Recurring financial charges | 65 | €17,394 | €28,227 | +€10,833 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €58,537 | €30,199 | -€28,338 | -48.4% |
| Income taxes | 67/77 | €14,372 | €7,356 | -€7,016 | -48.8% |
| Profit (loss) for the period | 9904 | €44,165 | €22,843 | -€21,322 | -48.3% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €21,050 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,115 | €1,793 | -€21,322 | -92.2% |
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 5 October 2026 via checked.be.