GR-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.
GR-IMMO
Largest movements
- Receivables after one year -€301,740
down €301,740 (-41.4%), from €729,245 to €427,505
- Receivables within one year +€55,169
up €55,169 (+17.7%), from €311,004 to €366,174
of which Trade receivables: +€57,031
- Deferred charges and accrued income -€40,779
down €40,779 (-62.6%), from €65,099 to €24,320
- Tangible fixed assets -€20,436
down €20,436 (-8.6%), from €238,925 to €218,490
of which Leasing and similar rights: -€18,977
- Cash -€16,473
down €16,473 (-11.6%), from €141,446 to €124,973
mainly Debts after one year (-€304,274) and Receivables within one year (-€55,169)
- Debts after one year -€304,274
down €304,274 (-37.6%), from €809,202 to €504,928
- Accrued charges and deferred income -€21,703
down €21,703 (-47.2%), from €46,023 to €24,320
- Financial income -€13,647
down €13,647 (-25.1%), from €54,470 to €40,823
- Financial charges -€12,374
down €12,374 (-24.4%), from €50,741 to €38,367
- Gross operating margin +€12,226
up €12,226 (+25.6%), from €47,759 to €59,985
- Other operating charges +€3,194
up €3,194 (+11.9%), from €26,926 to €30,120
- Taxes +€1,562
up €1,562 (+108%), from €1,440 to €3,002
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,485,720 | €1,161,461 | -€324,259 | -21.8% |
| Fixed assets | 21/28 | €238,925 | €218,490 | -€20,436 | -8.6% |
| Tangible fixed assets | 22/27 | €238,925 | €218,490 | -€20,436 | -8.6% |
| Plant, machinery and equipment | 23 | €4,284 | €2,825 | -€1,459 | -34.0% |
| Leasing and similar rights | 25 | €234,641 | €215,664 | -€18,977 | -8.1% |
| Current assets | 29/58 | €1,246,794 | €942,971 | -€303,823 | -24.4% |
| Amounts receivable after more than one year | 29 | €729,245 | €427,505 | -€301,740 | -41.4% |
| Trade receivables | 290 | €729,245 | €427,505 | -€301,740 | -41.4% |
| Amounts receivable within one year | 40/41 | €311,004 | €366,174 | +€55,169 | +17.7% |
| Trade receivables | 40 | €308,113 | €365,145 | +€57,031 | +18.5% |
| Other amounts receivable | 41 | €2,891 | €1,029 | -€1,862 | -64.4% |
| Cash at bank and in hand | 54/58 | €141,446 | €124,973 | -€16,473 | -11.6% |
| Deferred charges and accrued income | 490/1 | €65,099 | €24,320 | -€40,779 | -62.6% |
| Total equity and liabilities | 10/49 | €1,485,720 | €1,161,461 | -€324,259 | -21.8% |
| Equity | 10/15 | €294,238 | €303,120 | +€8,882 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €273,778 | €284,520 | +€10,742 | +3.9% |
| Amounts payable | 17/49 | €1,191,482 | €858,341 | -€333,141 | -28.0% |
| Amounts payable after more than one year | 17 | €809,202 | €504,928 | -€304,274 | -37.6% |
| Financial debts | 170/4 | €809,202 | €504,928 | -€304,274 | -37.6% |
| Amounts payable within one year | 42/48 | €336,257 | €329,092 | -€7,164 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €304,274 | €304,274 | = | 0.0% |
| Trade debts | 44 | €15,071 | €7,768 | -€7,303 | -48.5% |
| Suppliers | 440/4 | €15,071 | €7,768 | -€7,303 | -48.5% |
| Taxes, remuneration and social security | 45 | €16,912 | €17,051 | +€139 | +0.8% |
| Taxes | 450/3 | €16,912 | €17,051 | +€139 | +0.8% |
| Accrued charges and deferred income | 492/3 | €46,023 | €24,320 | -€21,703 | -47.2% |
| Non-recurring operating income | 76A | €5,294 | - | -€5,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,436 | €20,436 | -€0 | 0.0% |
| Other operating charges | 640/8 | €26,926 | €30,120 | +€3,194 | +11.9% |
| Gross operating margin | 9900 | €47,759 | €59,985 | +€12,226 | +25.6% |
| Operating profit (loss) | 9901 | €396 | €9,429 | +€9,032 | +2,278% |
| Financial income | 75/76B | €54,470 | €40,823 | -€13,647 | -25.1% |
| Recurring financial income | 75 | €54,470 | €40,823 | -€13,647 | -25.1% |
| Financial charges | 65/66B | €50,741 | €38,367 | -€12,374 | -24.4% |
| Recurring financial charges | 65 | €50,741 | €38,367 | -€12,374 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €4,125 | €11,885 | +€7,760 | +188% |
| Income taxes | 67/77 | €1,440 | €3,002 | +€1,562 | +108% |
| Profit (loss) for the period | 9904 | €2,685 | €8,882 | +€6,197 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €2,685 | €8,882 | +€6,197 | +231% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.