IMMO GARLEC: 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 GARLEC
Largest movements
- Receivables within one year +€9,924
new in 2025: €9,924
- Tangible fixed assets -€7,292
down €7,292 (-13.8%), from €52,934 to €45,643
of which Land and buildings: -€6,531
- Deferred charges and accrued income -€5,323
no longer reported in 2025 (was €5,323)
- Profit (loss) carried forward -€20,497
down €20,497 (-6.7%), from -€306,248 to -€326,746
- Other debts +€14,022
up €14,022 (+4.9%), from €287,668 to €301,691
- Trade debts +€4,802
up €4,802 (+86.2%), from €5,573 to €10,375
- Accrued charges and deferred income -€959
down €959 (-48.7%), from €1,969 to €1,010
- Gross operating margin +€7,549
up €7,549, from -€794 to €6,755
- Financial charges +€1,182
up €1,182 (+8.6%), from €13,681 to €14,863
- Other operating charges -€428
down €428 (-7.8%), from €5,526 to €5,097
- Depreciation -€99
down €99 (-1.3%), from €7,390 to €7,292
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 | €58,274 | €55,731 | -€2,543 | -4.4% |
| Fixed assets | 21/28 | €52,934 | €45,643 | -€7,292 | -13.8% |
| Tangible fixed assets | 22/27 | €52,934 | €45,643 | -€7,292 | -13.8% |
| Land and buildings | 22 | €49,263 | €42,732 | -€6,531 | -13.3% |
| Plant, machinery and equipment | 23 | €3,671 | €2,910 | -€761 | -20.7% |
| Current assets | 29/58 | €5,340 | €10,088 | +€4,749 | +88.9% |
| Amounts receivable within one year | 40/41 | - | €9,924 | +€9,924 | |
| Trade receivables | 40 | - | €9,924 | +€9,924 | |
| Cash at bank and in hand | 54/58 | €16 | €164 | +€148 | +907.4% |
| Deferred charges and accrued income | 490/1 | €5,323 | - | -€5,323 | |
| Total equity and liabilities | 10/49 | €58,274 | €55,731 | -€2,543 | -4.4% |
| Equity | 10/15 | -€238,048 | -€258,546 | -€20,497 | -8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306,248 | -€326,746 | -€20,497 | -6.7% |
| Amounts payable | 17/49 | €296,322 | €314,277 | +€17,954 | +6.1% |
| Amounts payable within one year | 42/48 | €294,354 | €313,267 | +€18,913 | +6.4% |
| Trade debts | 44 | €5,573 | €10,375 | +€4,802 | +86.2% |
| Suppliers | 440/4 | €5,573 | €10,375 | +€4,802 | +86.2% |
| Taxes, remuneration and social security | 45 | €1,112 | €1,201 | +€88 | +8.0% |
| Taxes | 450/3 | €1,112 | €1,201 | +€88 | +8.0% |
| Other amounts payable | 47/48 | €287,668 | €301,691 | +€14,022 | +4.9% |
| Accrued charges and deferred income | 492/3 | €1,969 | €1,010 | -€959 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,390 | €7,292 | -€99 | -1.3% |
| Other operating charges | 640/8 | €5,526 | €5,097 | -€428 | -7.8% |
| Gross operating margin | 9900 | -€794 | €6,755 | +€7,549 | |
| Operating profit (loss) | 9901 | -€13,710 | -€5,634 | +€8,076 | +58.9% |
| Financial charges | 65/66B | €13,681 | €14,863 | +€1,182 | +8.6% |
| Recurring financial charges | 65 | €13,681 | €14,863 | +€1,182 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,392 | -€20,497 | +€6,894 | +25.2% |
| Profit (loss) for the period | 9904 | -€27,392 | -€20,497 | +€6,894 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,392 | -€20,497 | +€6,894 | +25.2% |
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 4 October 2026 via checked.be.