GR-IMMO-KA: 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.
GR-IMMO-KA
Largest movements
- Tangible fixed assets -€48,032
down €48,032 (-8.7%), from €552,641 to €504,609
of which Land and buildings: -€73,513
- Debts after one year -€45,000
down €45,000 (-30.0%), from €150,000 to €105,000
- Gross operating margin -€11,785
down €11,785 (-11.3%), from €104,286 to €92,502
- Financial charges -€2,135
down €2,135 (-34.6%), from €6,175 to €4,040
of which Financial charges: -€1,893
- Depreciation +€1,099
up €1,099 (+1.4%), from €79,198 to €80,298
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 | €567,973 | €518,554 | -€49,419 | -8.7% |
| Fixed assets | 21/28 | €552,661 | €504,629 | -€48,032 | -8.7% |
| Tangible fixed assets | 22/27 | €552,641 | €504,609 | -€48,032 | -8.7% |
| Land and buildings | 22 | €540,834 | €467,322 | -€73,513 | -13.6% |
| Plant, machinery and equipment | 23 | €592 | €330 | -€262 | -44.3% |
| Furniture and vehicles | 24 | €11,215 | €36,958 | +€25,743 | +229.5% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €15,311 | €13,924 | -€1,387 | -9.1% |
| Amounts receivable within one year | 40/41 | €8,880 | €10,550 | +€1,670 | +18.8% |
| Trade receivables | 40 | €4,549 | €3,927 | -€622 | -13.7% |
| Other amounts receivable | 41 | €4,331 | €6,623 | +€2,292 | +52.9% |
| Cash at bank and in hand | 54/58 | €3,358 | €104 | -€3,255 | -96.9% |
| Deferred charges and accrued income | 490/1 | €3,073 | €3,270 | +€198 | +6.4% |
| Total equity and liabilities | 10/49 | €567,973 | €518,554 | -€49,419 | -8.7% |
| Equity | 10/15 | €406,586 | €407,332 | +€746 | +0.2% |
| Contributions | 10/11 | €435,000 | €435,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,414 | -€27,668 | +€746 | +2.6% |
| Amounts payable | 17/49 | €161,386 | €111,221 | -€50,165 | -31.1% |
| Amounts payable after more than one year | 17 | €150,000 | €105,000 | -€45,000 | -30.0% |
| Financial debts | 170/4 | €150,000 | €105,000 | -€45,000 | -30.0% |
| Amounts payable within one year | 42/48 | €8,146 | €6,201 | -€1,945 | -23.9% |
| Trade debts | 44 | €715 | €531 | -€185 | -25.8% |
| Suppliers | 440/4 | €715 | €531 | -€185 | -25.8% |
| Taxes, remuneration and social security | 45 | €1,930 | €170 | -€1,760 | -91.2% |
| Taxes | 450/3 | €1,930 | €170 | -€1,760 | -91.2% |
| Other amounts payable | 47/48 | €5,500 | €5,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,240 | €20 | -€3,220 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,198 | €80,298 | +€1,099 | +1.4% |
| Other operating charges | 640/8 | €5,842 | €6,877 | +€1,035 | +17.7% |
| Non-recurring operating charges | 66A | - | €619 | +€619 | |
| Gross operating margin | 9900 | €104,286 | €92,502 | -€11,785 | -11.3% |
| Operating profit (loss) | 9901 | €19,246 | €4,707 | -€14,538 | -75.5% |
| Financial income | 75/76B | €119 | €249 | +€131 | +110.1% |
| Recurring financial income | 75 | €119 | €249 | +€131 | +110.1% |
| Financial charges | 65/66B | €6,175 | €4,040 | -€2,135 | -34.6% |
| Recurring financial charges | 65 | €5,933 | €4,040 | -€1,893 | -31.9% |
| Non-recurring financial charges | 66B | €242 | - | -€242 | |
| Profit (loss) for the period before taxes | 9903 | €13,189 | €916 | -€12,273 | -93.1% |
| Income taxes | 67/77 | €194 | €170 | -€24 | -12.3% |
| Profit (loss) for the period | 9904 | €12,995 | €746 | -€12,249 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,995 | €746 | -€12,249 | -94.3% |
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 8 October 2026 via checked.be.