IMMO GADOCOEL: 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 GADOCOEL
Largest movements
- Tangible fixed assets -€6,932
down €6,932 (-1.5%), from €454,031 to €447,099
of which Land and buildings: -€4,660
- Debts after one year -€18,092
down €18,092 (-7.4%), from €243,771 to €225,679
- Profit (loss) carried forward +€8,681
up €8,681, from -€2,702 to €5,979
- Depreciation +€2,160
up €2,160 (+12.6%), from €17,081 to €19,241
- Gross operating margin +€1,371
up €1,371 (+4.0%), from €34,138 to €35,509
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 | €455,248 | €448,969 | -€6,279 | -1.4% |
| Fixed assets | 21/28 | €454,031 | €447,099 | -€6,932 | -1.5% |
| Tangible fixed assets | 22/27 | €454,031 | €447,099 | -€6,932 | -1.5% |
| Land and buildings | 22 | €419,093 | €414,434 | -€4,660 | -1.1% |
| Plant, machinery and equipment | 23 | €34,938 | €32,666 | -€2,272 | -6.5% |
| Current assets | 29/58 | €1,217 | €1,870 | +€652 | +53.6% |
| Cash at bank and in hand | 54/58 | €113 | €885 | +€772 | +683.0% |
| Deferred charges and accrued income | 490/1 | €1,104 | €984 | -€120 | -10.8% |
| Total equity and liabilities | 10/49 | €455,248 | €448,969 | -€6,279 | -1.4% |
| Equity | 10/15 | €47,298 | €55,979 | +€8,681 | +18.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,702 | €5,979 | +€8,681 | |
| Amounts payable | 17/49 | €407,950 | €392,990 | -€14,960 | -3.7% |
| Amounts payable after more than one year | 17 | €243,771 | €225,679 | -€18,092 | -7.4% |
| Financial debts | 170/4 | €243,771 | €225,679 | -€18,092 | -7.4% |
| Amounts payable within one year | 42/48 | €163,329 | €166,411 | +€3,082 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €17,762 | €18,092 | +€330 | +1.9% |
| Trade debts | 44 | - | €1,815 | +€1,815 | |
| Suppliers | 440/4 | - | €1,815 | +€1,815 | |
| Taxes, remuneration and social security | 45 | - | €291 | +€291 | |
| Taxes | 450/3 | - | €291 | +€291 | |
| Other amounts payable | 47/48 | €145,567 | €146,212 | +€646 | +0.4% |
| Accrued charges and deferred income | 492/3 | €850 | €900 | +€50 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,081 | €19,241 | +€2,160 | +12.6% |
| Other operating charges | 640/8 | €2,457 | €2,535 | +€78 | +3.2% |
| Gross operating margin | 9900 | €34,138 | €35,509 | +€1,371 | +4.0% |
| Operating profit (loss) | 9901 | €14,600 | €13,733 | -€866 | -5.9% |
| Financial charges | 65/66B | €5,019 | €4,761 | -€259 | -5.2% |
| Recurring financial charges | 65 | €5,019 | €4,761 | -€259 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €9,580 | €8,972 | -€608 | -6.3% |
| Income taxes | 67/77 | - | €291 | +€291 | |
| Profit (loss) for the period | 9904 | €9,580 | €8,681 | -€899 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,580 | €8,681 | -€899 | -9.4% |
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 7 October 2026 via checked.be.