IMMO G-TEAM: 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-TEAM
Largest movements
- Tangible fixed assets -€74,435
down €74,435 (-4.0%), from €1.9m to €1.8m
of which Land and buildings: -€73,722
- Debts after one year -€150,600
down €150,600 (-9.6%), from €1.6m to €1.4m
- Reserves +€71,453
up €71,453 (+44.8%), from €159,639 to €231,092
of which Distributable reserves: +€71,453
- Gross operating margin +€10,100
up €10,100 (+4.5%), from €222,551 to €232,651
- Taxes +€7,731
up €7,731 (+48.1%), from €16,086 to €23,818
- Financial charges -€3,012
down €3,012 (-5.9%), from €51,107 to €48,094
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 | €1,919,247 | €1,857,095 | -€62,152 | -3.2% |
| Fixed assets | 21/28 | €1,876,224 | €1,801,789 | -€74,435 | -4.0% |
| Tangible fixed assets | 22/27 | €1,876,224 | €1,801,789 | -€74,435 | -4.0% |
| Land and buildings | 22 | €1,873,266 | €1,799,545 | -€73,722 | -3.9% |
| Plant, machinery and equipment | 23 | €2,958 | €2,244 | -€714 | -24.1% |
| Current assets | 29/58 | €43,023 | €55,306 | +€12,283 | +28.5% |
| Amounts receivable within one year | 40/41 | €13,976 | €18,260 | +€4,284 | +30.7% |
| Trade receivables | 40 | €13,976 | €18,260 | +€4,284 | +30.7% |
| Cash at bank and in hand | 54/58 | €26,091 | €33,160 | +€7,069 | +27.1% |
| Deferred charges and accrued income | 490/1 | €2,956 | €3,886 | +€930 | +31.5% |
| Total equity and liabilities | 10/49 | €1,919,247 | €1,857,095 | -€62,152 | -3.2% |
| Equity | 10/15 | €165,839 | €237,292 | +€71,453 | +43.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,639 | €231,092 | +€71,453 | +44.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €159,639 | €231,092 | +€71,453 | +44.8% |
| Amounts payable | 17/49 | €1,753,408 | €1,619,803 | -€133,605 | -7.6% |
| Amounts payable after more than one year | 17 | €1,561,724 | €1,411,124 | -€150,600 | -9.6% |
| Financial debts | 170/4 | €1,561,724 | €1,411,124 | -€150,600 | -9.6% |
| Amounts payable within one year | 42/48 | €171,402 | €181,658 | +€10,256 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €165,474 | €169,071 | +€3,597 | +2.2% |
| Trade debts | 44 | €4,844 | €7,772 | +€2,928 | +60.4% |
| Suppliers | 440/4 | €4,844 | €7,772 | +€2,928 | +60.4% |
| Taxes, remuneration and social security | 45 | €1,083 | €4,815 | +€3,731 | +344% |
| Taxes | 450/3 | €1,083 | €4,815 | +€3,731 | +344% |
| Accrued charges and deferred income | 492/3 | €20,282 | €27,021 | +€6,738 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,333 | €74,435 | +€102 | +0.1% |
| Other operating charges | 640/8 | €14,437 | €14,859 | +€422 | +2.9% |
| Gross operating margin | 9900 | €222,551 | €232,651 | +€10,100 | +4.5% |
| Operating profit (loss) | 9901 | €133,780 | €143,356 | +€9,576 | +7.2% |
| Financial income | 75/76B | €9 | €9 | +€0 | +1.5% |
| Recurring financial income | 75 | €9 | €9 | +€0 | +1.5% |
| Financial charges | 65/66B | €51,107 | €48,094 | -€3,012 | -5.9% |
| Recurring financial charges | 65 | €51,107 | €48,094 | -€3,012 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €82,682 | €95,271 | +€12,588 | +15.2% |
| Income taxes | 67/77 | €16,086 | €23,818 | +€7,731 | +48.1% |
| Profit (loss) for the period | 9904 | €66,596 | €71,453 | +€4,857 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,596 | €71,453 | +€4,857 | +7.3% |
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 23 October 2026 via checked.be.