IMMO DEGEEST: 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.
IMMO DEGEEST
Largest movements
- Tangible fixed assets -€759,507
down €759,507 (-53.3%), from €1.4m to €664,543
of which Land and buildings: -€738,384
- Current investments +€500,000
new in 2025: €500,000
- Cash +€20,042
up €20,042 (+104.7%), from €19,137 to €39,179
mainly Investment in fixed assets (net) (+€693,985) and Depreciation (+€65,521)
- Other debts -€232,678
down €232,678 (-81.3%), from €286,180 to €53,503
- Profit (loss) carried forward +€15,208
up €15,208 (+8.0%), from €189,035 to €204,243
- Gross operating margin +€200,781
up €200,781 (+1110.4%), from €18,081 to €218,862
- Taxes +€97,462
up €97,462 (+2840.4%), from €3,431 to €100,894
- Depreciation -€12,736
down €12,736 (-16.3%), from €78,257 to €65,521
- Financial charges -€5,958
down €5,958 (-25.6%), from €23,228 to €17,270
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 | €1,443,187 | €1,217,398 | -€225,789 | -15.6% |
| Fixed assets | 21/28 | €1,424,050 | €664,543 | -€759,507 | -53.3% |
| Tangible fixed assets | 22/27 | €1,424,050 | €664,543 | -€759,507 | -53.3% |
| Land and buildings | 22 | €1,377,723 | €639,339 | -€738,384 | -53.6% |
| Plant, machinery and equipment | 23 | €30,414 | €23,946 | -€6,468 | -21.3% |
| Furniture and vehicles | 24 | €15,913 | €1,258 | -€14,654 | -92.1% |
| Current assets | 29/58 | €19,137 | €552,855 | +€533,718 | +2789.0% |
| Amounts receivable within one year | 40/41 | - | €12,238 | +€12,238 | |
| Other amounts receivable | 41 | - | €12,238 | +€12,238 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €19,137 | €39,179 | +€20,042 | +104.7% |
| Deferred charges and accrued income | 490/1 | - | €1,438 | +€1,438 | |
| Total equity and liabilities | 10/49 | €1,443,187 | €1,217,398 | -€225,789 | -15.6% |
| Equity | 10/15 | €1,131,673 | €1,146,881 | +€15,208 | +1.3% |
| Contributions | 10/11 | €783,583 | €783,583 | = | 0.0% |
| Reserves | 13 | €159,055 | €159,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,530 | €24,530 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,530 | €24,530 | = | 0.0% |
| Distributable reserves | 133 | €134,525 | €134,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,035 | €204,243 | +€15,208 | +8.0% |
| Amounts payable | 17/49 | €311,513 | €70,516 | -€240,997 | -77.4% |
| Amounts payable within one year | 42/48 | €288,562 | €53,503 | -€235,059 | -81.5% |
| Trade debts | 44 | €1,574 | - | -€1,574 | |
| Suppliers | 440/4 | €1,574 | - | -€1,574 | |
| Taxes, remuneration and social security | 45 | €807 | - | -€807 | |
| Taxes | 450/3 | €807 | - | -€807 | |
| Other amounts payable | 47/48 | €286,180 | €53,503 | -€232,678 | -81.3% |
| Accrued charges and deferred income | 492/3 | €22,952 | €17,014 | -€5,938 | -25.9% |
| Non-recurring operating income | 76A | €269 | €224,611 | +€224,342 | +83376.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,257 | €65,521 | -€12,736 | -16.3% |
| Other operating charges | 640/8 | €9,165 | €9,336 | +€171 | +1.9% |
| Non-recurring operating charges | 66A | - | €11,255 | +€11,255 | |
| Gross operating margin | 9900 | €18,081 | €218,862 | +€200,781 | +1110.4% |
| Operating profit (loss) | 9901 | -€69,341 | €132,749 | +€202,090 | |
| Financial income | 75/76B | €398 | €623 | +€225 | +56.5% |
| Recurring financial income | 75 | €398 | €623 | +€225 | +56.5% |
| Financial charges | 65/66B | €23,228 | €17,270 | -€5,958 | -25.6% |
| Recurring financial charges | 65 | €23,228 | €17,270 | -€5,958 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€92,171 | €116,101 | +€208,273 | |
| Transfer from deferred taxes | 780 | €94,773 | - | -€94,773 | |
| Income taxes | 67/77 | €3,431 | €100,894 | +€97,462 | +2840.4% |
| Profit (loss) for the period | 9904 | -€829 | €15,208 | +€16,037 | |
| Transfer from tax-exempt reserves | 789 | €294,293 | - | -€294,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €293,464 | €15,208 | -€278,256 | -94.8% |
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.