IMMO GARENNES: 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 GARENNES
Largest movements
- Cash +€12,976
up €12,976 (+77.4%), from €16,769 to €29,745
mainly Accrued charges and deferred income (+€8,067) and Depreciation (+€8,042)
- Tangible fixed assets -€3,586
down €3,586 (-7.9%), from €45,410 to €41,824
- Accrued charges and deferred income +€8,067
up €8,067 (+139%), from €5,787 to €13,854
- Profit (loss) carried forward +€1,103
up €1,103 (+0.6%), from -€189,698 to -€188,596
- Financial charges -€921
down €921 (-15.7%), from €5,847 to €4,927
- Gross operating margin -€327
down €327 (-1.9%), from €16,932 to €16,605
- Depreciation +€247
up €247 (+3.2%), from €7,795 to €8,042
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 | €62,179 | €71,569 | +€9,390 | +15.1% |
| Fixed assets | 21/28 | €45,410 | €41,824 | -€3,586 | -7.9% |
| Tangible fixed assets | 22/27 | €45,410 | €41,824 | -€3,586 | -7.9% |
| Land and buildings | 22 | €45,410 | €41,824 | -€3,586 | -7.9% |
| Current assets | 29/58 | €16,769 | €29,745 | +€12,976 | +77.4% |
| Cash at bank and in hand | 54/58 | €16,769 | €29,745 | +€12,976 | +77.4% |
| Total equity and liabilities | 10/49 | €62,179 | €71,569 | +€9,390 | +15.1% |
| Equity | 10/15 | -€65,748 | -€64,646 | +€1,103 | +1.7% |
| Contributions | 10/11 | €123,950 | €123,950 | = | 0.0% |
| Capital | 10 | €123,950 | €123,950 | = | 0.0% |
| Issued capital | 100 | €123,950 | €123,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,698 | -€188,596 | +€1,103 | +0.6% |
| Amounts payable | 17/49 | €127,927 | €136,215 | +€8,287 | +6.5% |
| Amounts payable within one year | 42/48 | €122,140 | €122,361 | +€221 | +0.2% |
| Trade debts | 44 | €475 | €696 | +€221 | +46.5% |
| Suppliers | 440/4 | €475 | €696 | +€221 | +46.5% |
| Other amounts payable | 47/48 | €121,665 | €121,665 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,787 | €13,854 | +€8,067 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,795 | €8,042 | +€247 | +3.2% |
| Other operating charges | 640/8 | €2,457 | €2,534 | +€77 | +3.1% |
| Gross operating margin | 9900 | €16,932 | €16,605 | -€327 | -1.9% |
| Operating profit (loss) | 9901 | €6,681 | €6,029 | -€652 | -9.8% |
| Financial charges | 65/66B | €5,847 | €4,927 | -€921 | -15.7% |
| Recurring financial charges | 65 | €5,847 | €4,927 | -€921 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €834 | €1,103 | +€269 | +32.2% |
| Profit (loss) for the period | 9904 | €834 | €1,103 | +€269 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €834 | €1,103 | +€269 | +32.2% |
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.