IMMO G-P: 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.
IMMO G-P
Largest movements
- Receivables within one year +€170,891
up €170,891 (+20.5%), from €831,912 to €1.0m
of which Other amounts receivable: +€133,738
- Reserves +€92,438
up €92,438 (+45.1%), from €205,000 to €297,438
- Trade debts +€60,224
up €60,224 (+85.3%), from €70,644 to €130,868
- Tax, wage and social debts +€32,213
up €32,213 (+21.6%), from €148,875 to €181,088
- Debts after one year -€24,000
down €24,000 (-58.8%), from €40,800 to €16,800
- Gross operating margin -€62,981
down €62,981 (-30.5%), from €206,420 to €143,439
- Taxes -€40,970
down €40,970 (-48.6%), from €84,214 to €43,244
- Financial income -€10,000
no longer reported in 2025 (was €10,000)
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 | €1,034,568 | €1,196,766 | +€162,199 | +15.7% |
| Fixed assets | 21/28 | €190,186 | €179,862 | -€10,324 | -5.4% |
| Tangible fixed assets | 22/27 | €190,186 | €179,862 | -€10,324 | -5.4% |
| Furniture and vehicles | 24 | €190,186 | €179,862 | -€10,324 | -5.4% |
| Current assets | 29/58 | €844,382 | €1,016,905 | +€172,523 | +20.4% |
| Amounts receivable within one year | 40/41 | €831,912 | €1,002,803 | +€170,891 | +20.5% |
| Trade receivables | 40 | €62,799 | €99,951 | +€37,152 | +59.2% |
| Other amounts receivable | 41 | €769,113 | €902,851 | +€133,738 | +17.4% |
| Cash at bank and in hand | 54/58 | €12,470 | €14,102 | +€1,632 | +13.1% |
| Total equity and liabilities | 10/49 | €1,034,568 | €1,196,766 | +€162,199 | +15.7% |
| Equity | 10/15 | €551,572 | €644,010 | +€92,438 | +16.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €205,000 | €297,438 | +€92,438 | +45.1% |
| Distributable reserves | 133 | €205,000 | €297,438 | +€92,438 | +45.1% |
| Profit (loss) carried forward | 14 | €326,112 | €326,112 | = | 0.0% |
| Amounts payable | 17/49 | €482,995 | €552,756 | +€69,761 | +14.4% |
| Amounts payable after more than one year | 17 | €40,800 | €16,800 | -€24,000 | -58.8% |
| Financial debts | 170/4 | €40,800 | €16,800 | -€24,000 | -58.8% |
| Amounts payable within one year | 42/48 | €442,195 | €535,956 | +€93,761 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €22,677 | €24,000 | +€1,323 | +5.8% |
| Trade debts | 44 | €70,644 | €130,868 | +€60,224 | +85.3% |
| Suppliers | 440/4 | €70,644 | €130,868 | +€60,224 | +85.3% |
| Taxes, remuneration and social security | 45 | €148,875 | €181,088 | +€32,213 | +21.6% |
| Taxes | 450/3 | €148,875 | €181,088 | +€32,213 | +21.6% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €4,954 | -€1,790 | -26.5% |
| Other operating charges | 640/8 | €551 | €368 | -€184 | -33.3% |
| Gross operating margin | 9900 | €206,420 | €143,439 | -€62,981 | -30.5% |
| Operating profit (loss) | 9901 | €199,125 | €138,118 | -€61,007 | -30.6% |
| Financial income | 75/76B | €10,000 | - | -€10,000 | |
| Recurring financial income | 75 | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €3,649 | €2,436 | -€1,213 | -33.2% |
| Recurring financial charges | 65 | €3,649 | €2,436 | -€1,213 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €205,476 | €135,682 | -€69,794 | -34.0% |
| Income taxes | 67/77 | €84,214 | €43,244 | -€40,970 | -48.6% |
| Profit (loss) for the period | 9904 | €121,262 | €92,438 | -€28,824 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €121,262 | €92,438 | -€28,824 | -23.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.