GROUP IMMO BELGE: 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.
GROUP IMMO BELGE
Largest movements
- Tangible fixed assets -€593,204
down €593,204 (-19.5%), from €3.0m to €2.4m
- Debts after one year -€657,733
down €657,733 (-21.3%), from €3.1m to €2.4m
of which Financial debts: -€657,733
- Profit (loss) carried forward +€165,565
up €165,565 (+23.6%), from -€702,770 to -€537,205
- Current portion of long-term debt -€71,388
down €71,388 (-70.9%), from €100,721 to €29,333
- Gross operating margin +€212,674
up €212,674 (+107%), from €199,444 to €412,118
- Financial charges -€18,025
down €18,025 (-12.0%), from €150,831 to €132,805
- Other operating charges +€14,156
up €14,156 (+247%), from €5,725 to €19,881
- Depreciation -€5,465
down €5,465 (-5.5%), from €99,331 to €93,866
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 | €3,046,900 | €2,476,096 | -€570,804 | -18.7% |
| Fixed assets | 21/28 | €3,037,401 | €2,444,196 | -€593,204 | -19.5% |
| Tangible fixed assets | 22/27 | €3,037,401 | €2,444,196 | -€593,204 | -19.5% |
| Land and buildings | 22 | €3,037,401 | €2,444,196 | -€593,204 | -19.5% |
| Current assets | 29/58 | €9,500 | €31,900 | +€22,400 | +236% |
| Amounts receivable within one year | 40/41 | €1,815 | €1,815 | = | 0.0% |
| Other amounts receivable | 41 | €1,815 | €1,815 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,050 | €29,845 | +€25,796 | +637% |
| Deferred charges and accrued income | 490/1 | €3,635 | €240 | -€3,395 | -93.4% |
| Total equity and liabilities | 10/49 | €3,046,900 | €2,476,096 | -€570,804 | -18.7% |
| Equity | 10/15 | -€202,770 | -€37,205 | +€165,565 | +81.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€702,770 | -€537,205 | +€165,565 | +23.6% |
| Amounts payable | 17/49 | €3,249,671 | €2,513,301 | -€736,369 | -22.7% |
| Amounts payable after more than one year | 17 | €3,087,272 | €2,429,540 | -€657,733 | -21.3% |
| Financial debts | 170/4 | €2,906,235 | €2,248,503 | -€657,733 | -22.6% |
| Other amounts payable | 178/9 | €181,037 | €181,037 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,749 | €81,017 | -€78,733 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €100,721 | €29,333 | -€71,388 | -70.9% |
| Trade debts | 44 | €4,817 | €3,126 | -€1,691 | -35.1% |
| Suppliers | 440/4 | €4,817 | €3,126 | -€1,691 | -35.1% |
| Other amounts payable | 47/48 | €54,212 | €48,558 | -€5,654 | -10.4% |
| Accrued charges and deferred income | 492/3 | €2,649 | €2,745 | +€96 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,331 | €93,866 | -€5,465 | -5.5% |
| Other operating charges | 640/8 | €5,725 | €19,881 | +€14,156 | +247% |
| Gross operating margin | 9900 | €199,444 | €412,118 | +€212,674 | +107% |
| Operating profit (loss) | 9901 | €94,387 | €298,371 | +€203,983 | +216% |
| Financial charges | 65/66B | €150,831 | €132,805 | -€18,025 | -12.0% |
| Recurring financial charges | 65 | €150,831 | €132,805 | -€18,025 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€56,443 | €165,565 | +€222,009 | |
| Profit (loss) for the period | 9904 | -€56,443 | €165,565 | +€222,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,443 | €165,565 | +€222,009 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.