IMMO - G.T.R.: what changed
What changed
IMMO - G.T.R.
filed annual accounts (NBB)
Net result for the year
-€18,059
2024 · -€11,227-€6,832
Equity
-€21,546
2024 · -€3,487-€18,059
Cash
€5
2024 · €564-€559
Balance sheet total
€169,428
2024 · €188,996-€19,568
Largest movements
Assets
- Tangible fixed assets -€19,009
down €19,009 (-11.2%), from €169,432 to €150,423
of which Land and buildings: -€22,218
Equity and liabilities
- Profit (loss) carried forward -€18,059
down €18,059 (-72.7%), from -€24,847 to -€42,906
- Current portion of long-term debt -€9,997
down €9,997 (-58.6%), from €17,054 to €7,057
- Other debts +€8,730
up €8,730 (+5.7%), from €152,220 to €160,949
- Debts after one year -€6,169
down €6,169 (-33.0%), from €18,709 to €12,540
- Tax, wage and social debts +€3,313
up €3,313 (+127%), from €2,615 to €5,928
Income statement
- Gross operating margin -€12,758
down €12,758 (-41.7%), from €30,619 to €17,861
- Turnover -€10,580
down €10,580 (-26.4%), from €40,044 to €29,464
- Other operating charges -€4,759
down €4,759 (-84.6%), from €5,623 to €864
- Depreciation -€3,315
down €3,315 (-12.8%), from €25,824 to €22,509
- Purchases and services +€2,178
up €2,178 (+23.1%), from €9,425 to €11,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€11,227
Gross operating margin
-€12,758
Depreciation
+€3,315
Other operating charges
+€4,759
Financial income
-€1
Financial charges
-€2,148
Result 2025
-€18,059
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19,107
Investment
-€3,500
Financing
-€16,166
Cash 2024
€564
From operations (derived)
+€19,107
Net result for the year
-€18,059
Depreciation
+€22,509
Trade debts
+€2,615
Tax, wage and social debts
+€3,313
Other debts
+€8,730
Investment (derived)
-€3,500
Investment in fixed assets (net)
-€3,500
Financing
-€16,166
Debts after one year
-€6,169
Current portion of long-term debt
-€9,997
Cash 2025
€5
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,996 | €169,428 | -€19,568 | -10.4% |
| Fixed assets | 21/28 | €169,432 | €150,423 | -€19,009 | -11.2% |
| Tangible fixed assets | 22/27 | €169,432 | €150,423 | -€19,009 | -11.2% |
| Land and buildings | 22 | €169,432 | €147,214 | -€22,218 | -13.1% |
| Furniture and vehicles | 24 | - | €3,208 | +€3,208 | |
| Current assets | 29/58 | €19,564 | €19,005 | -€559 | -2.9% |
| Amounts receivable within one year | 40/41 | €19,000 | €19,000 | = | 0.0% |
| Trade receivables | 40 | €19,000 | €19,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €564 | €5 | -€559 | -99.1% |
| Total equity and liabilities | 10/49 | €188,996 | €169,428 | -€19,568 | -10.4% |
| Equity | 10/15 | -€3,487 | -€21,546 | -€18,059 | -518% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,760 | €2,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,760 | €2,760 | = | 0.0% |
| Legal reserve | 130 | €2,760 | €2,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,847 | -€42,906 | -€18,059 | -72.7% |
| Provisions and deferred taxes | 16 | €1,000 | €1,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Environmental obligations | 163 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €191,483 | €189,974 | -€1,509 | -0.8% |
| Amounts payable after more than one year | 17 | €18,709 | €12,540 | -€6,169 | -33.0% |
| Financial debts | 170/4 | €18,709 | €12,540 | -€6,169 | -33.0% |
| Amounts payable within one year | 42/48 | €172,774 | €177,434 | +€4,660 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €17,054 | €7,057 | -€9,997 | -58.6% |
| Trade debts | 44 | €885 | €3,500 | +€2,615 | +295% |
| Suppliers | 440/4 | €885 | €3,500 | +€2,615 | +295% |
| Taxes, remuneration and social security | 45 | €2,615 | €5,928 | +€3,313 | +127% |
| Taxes | 450/3 | €2,615 | €5,928 | +€3,313 | +127% |
| Other amounts payable | 47/48 | €152,220 | €160,949 | +€8,730 | +5.7% |
| Turnover | 70 | €40,044 | €29,464 | -€10,580 | -26.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,425 | €11,603 | +€2,178 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,824 | €22,509 | -€3,315 | -12.8% |
| Other operating charges | 640/8 | €5,623 | €864 | -€4,759 | -84.6% |
| Gross operating margin | 9900 | €30,619 | €17,861 | -€12,758 | -41.7% |
| Operating profit (loss) | 9901 | -€829 | -€5,512 | -€4,684 | -565% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €10,399 | €12,547 | +€2,148 | +20.7% |
| Recurring financial charges | 65 | €10,399 | €12,547 | +€2,148 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,227 | -€18,059 | -€6,832 | -60.9% |
| Profit (loss) for the period | 9904 | -€11,227 | -€18,059 | -€6,832 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,227 | -€18,059 | -€6,832 | -60.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.