IMMO G.V.: 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.V.
Largest movements
- Stocks and contracts -€317,820
no longer reported in 2025 (was €317,820)
- Tangible fixed assets -€30,353
down €30,353 (-2.8%), from €1.1m to €1.1m
- Cash +€25,801
up €25,801 (+838%), from €3,078 to €28,879
mainly Stocks and contracts (+€317,820) and Depreciation (+€68,613)
- Receivables within one year +€19,400
up €19,400 (+1,347%), from €1,440 to €20,840
of which Other amounts receivable: +€18,494
- Debts after one year -€300,241
down €300,241 (-33.5%), from €895,882 to €595,641
- Profit (loss) carried forward +€41,448
up €41,448 (+39.9%), from €103,955 to €145,403
- Other debts -€35,839
down €35,839 (-46.3%), from €77,488 to €41,649
- Other operating charges +€10,028
up €10,028 (+34.2%), from €29,355 to €39,383
- Gross operating margin +€8,241
up €8,241 (+4.8%), from €171,592 to €179,833
- Taxes +€4,236
new in 2025: €4,236
- Financial charges +€3,009
up €3,009 (+13.0%), from €23,144 to €26,153
- Depreciation -€1,982
down €1,982 (-2.8%), from €70,595 to €68,613
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 | €1,419,892 | €1,116,513 | -€303,379 | -21.4% |
| Fixed assets | 21/28 | €1,096,605 | €1,066,252 | -€30,353 | -2.8% |
| Tangible fixed assets | 22/27 | €1,096,605 | €1,066,252 | -€30,353 | -2.8% |
| Land and buildings | 22 | €1,096,605 | €1,066,252 | -€30,353 | -2.8% |
| Current assets | 29/58 | €323,287 | €50,261 | -€273,026 | -84.5% |
| Stocks and contracts in progress | 3 | €317,820 | - | -€317,820 | |
| Stocks | 30/36 | €317,820 | - | -€317,820 | |
| Amounts receivable within one year | 40/41 | €1,440 | €20,840 | +€19,400 | +1,347% |
| Trade receivables | 40 | €1,440 | €2,346 | +€906 | +62.9% |
| Other amounts receivable | 41 | - | €18,494 | +€18,494 | |
| Cash at bank and in hand | 54/58 | €3,078 | €28,879 | +€25,801 | +838% |
| Deferred charges and accrued income | 490/1 | €949 | €542 | -€407 | -42.9% |
| Total equity and liabilities | 10/49 | €1,419,892 | €1,116,513 | -€303,379 | -21.4% |
| Equity | 10/15 | €391,550 | €432,998 | +€41,448 | +10.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €37,595 | €37,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,135 | €8,135 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,135 | €8,135 | = | 0.0% |
| Distributable reserves | 133 | €29,460 | €29,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,955 | €145,403 | +€41,448 | +39.9% |
| Amounts payable | 17/49 | €1,028,342 | €683,515 | -€344,827 | -33.5% |
| Amounts payable after more than one year | 17 | €895,882 | €595,641 | -€300,241 | -33.5% |
| Financial debts | 170/4 | €895,882 | €595,641 | -€300,241 | -33.5% |
| Amounts payable within one year | 42/48 | €132,460 | €87,874 | -€44,586 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €51,186 | €38,857 | -€12,329 | -24.1% |
| Financial debts | 43 | - | €7,000 | +€7,000 | |
| Credit institutions | 430/8 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €3,786 | €368 | -€3,418 | -90.3% |
| Suppliers | 440/4 | €3,786 | €368 | -€3,418 | -90.3% |
| Other amounts payable | 47/48 | €77,488 | €41,649 | -€35,839 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,595 | €68,613 | -€1,982 | -2.8% |
| Other operating charges | 640/8 | €29,355 | €39,383 | +€10,028 | +34.2% |
| Gross operating margin | 9900 | €171,592 | €179,833 | +€8,241 | +4.8% |
| Operating profit (loss) | 9901 | €71,642 | €71,837 | +€195 | +0.3% |
| Financial charges | 65/66B | €23,144 | €26,153 | +€3,009 | +13.0% |
| Recurring financial charges | 65 | €23,144 | €26,153 | +€3,009 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €48,498 | €45,684 | -€2,814 | -5.8% |
| Income taxes | 67/77 | - | €4,236 | +€4,236 | |
| Profit (loss) for the period | 9904 | €48,498 | €41,448 | -€7,050 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,498 | €41,448 | -€7,050 | -14.5% |
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 19 October 2026 via checked.be.