IMMO-GAUME: 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.
What changed
IMMO-GAUME
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€14,342
2025 · -€6,865+€21,206
Equity
€3.2m
2025 · €3.2m+€14,342
Cash
€628
2025 · €1,386-€758
Balance sheet total
€8.7m
2025 · €8.8m-€124,820
Largest movements
Assets
- Tangible fixed assets -€197,264
down €197,264 (-2.3%), from €8.4m to €8.2m
Equity and liabilities
- Debts after one year -€288,038
down €288,038 (-6.4%), from €4.5m to €4.2m
of which Financial debts: -€288,038
Income statement
- Purchases and services -€50,235
no longer reported in 2026 (was €50,235)
- Other operating charges -€14,420
down €14,420 (-13.4%), from €107,741 to €93,321
- Financial charges -€7,677
down €7,677 (-5.5%), from €138,371 to €130,694
From the 2025 result to the 2026 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.
Result 2025
-€6,865
Gross operating margin
-€2,884
Depreciation
+€1,993
Other operating charges
+€14,420
Financial charges
+€7,677
Result 2026
€14,342
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€190,021
Investment
-€9,488
Financing
-€181,291
Cash 2025
€1,386
From operations (derived)
+€190,021
Net result for the year
+€14,342
Depreciation
+€206,752
Receivables within one year
-€72,863
Deferred charges and accrued income
-€339
Trade debts
+€21,882
Tax, wage and social debts
+€3,470
Other debts
+€7,730
Accrued charges and deferred income
+€9,047
Investment (derived)
-€9,488
Investment in fixed assets (net)
-€9,488
Financing
-€181,291
Debts after one year
-€288,038
Current portion of long-term debt
+€18,952
Short-term financial debts
+€87,795
Cash 2026
€628
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,817,907 | €8,693,087 | -€124,820 | -1.4% |
| Fixed assets | 21/28 | €8,398,512 | €8,201,248 | -€197,264 | -2.3% |
| Tangible fixed assets | 22/27 | €8,398,512 | €8,201,248 | -€197,264 | -2.3% |
| Land and buildings | 22 | €8,398,512 | €8,201,248 | -€197,264 | -2.3% |
| Current assets | 29/58 | €419,395 | €491,839 | +€72,444 | +17.3% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,822 | €184,685 | +€72,863 | +65.2% |
| Trade receivables | 40 | €34,550 | €63,849 | +€29,298 | +84.8% |
| Other amounts receivable | 41 | €77,272 | €120,837 | +€43,565 | +56.4% |
| Cash at bank and in hand | 54/58 | €1,386 | €628 | -€758 | -54.7% |
| Deferred charges and accrued income | 490/1 | €56,186 | €56,525 | +€339 | +0.6% |
| Total equity and liabilities | 10/49 | €8,817,907 | €8,693,087 | -€124,820 | -1.4% |
| Equity | 10/15 | €3,166,910 | €3,181,252 | +€14,342 | +0.5% |
| Contributions | 10/11 | €110,191 | €110,191 | = | 0.0% |
| Capital | 10 | €110,191 | €110,191 | = | 0.0% |
| Issued capital | 100 | €110,191 | €110,191 | = | 0.0% |
| Revaluation surpluses | 12 | €2,860,174 | €2,860,174 | = | 0.0% |
| Reserves | 13 | €290,560 | €290,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,019 | €36,019 | = | 0.0% |
| Legal reserve | 130 | €36,019 | €36,019 | = | 0.0% |
| Distributable reserves | 133 | €254,541 | €254,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,015 | -€79,673 | +€14,342 | +15.3% |
| Amounts payable | 17/49 | €5,650,997 | €5,511,835 | -€139,162 | -2.5% |
| Amounts payable after more than one year | 17 | €4,527,415 | €4,239,377 | -€288,038 | -6.4% |
| Financial debts | 170/4 | €4,025,615 | €3,737,577 | -€288,038 | -7.2% |
| Other amounts payable | 178/9 | €501,800 | €501,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,122,741 | €1,262,570 | +€139,829 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €286,942 | €305,894 | +€18,952 | +6.6% |
| Financial debts | 43 | €16,508 | €104,303 | +€87,795 | +532% |
| Credit institutions | 430/8 | €16,508 | €104,303 | +€87,795 | +532% |
| Trade debts | 44 | €127,817 | €149,699 | +€21,882 | +17.1% |
| Suppliers | 440/4 | €127,817 | €149,699 | +€21,882 | +17.1% |
| Taxes, remuneration and social security | 45 | €7,484 | €10,955 | +€3,470 | +46.4% |
| Taxes | 450/3 | €7,484 | €10,955 | +€3,470 | +46.4% |
| Other amounts payable | 47/48 | €683,990 | €691,720 | +€7,730 | +1.1% |
| Accrued charges and deferred income | 492/3 | €841 | €9,888 | +€9,047 | +1,076% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,235 | - | -€50,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,745 | €206,752 | -€1,993 | -1.0% |
| Other operating charges | 640/8 | €107,741 | €93,321 | -€14,420 | -13.4% |
| Gross operating margin | 9900 | €447,992 | €445,109 | -€2,884 | -0.6% |
| Operating profit (loss) | 9901 | €131,506 | €145,036 | +€13,530 | +10.3% |
| Financial charges | 65/66B | €138,371 | €130,694 | -€7,677 | -5.5% |
| Recurring financial charges | 65 | €138,371 | €130,694 | -€7,677 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,865 | €14,342 | +€21,206 | |
| Profit (loss) for the period | 9904 | -€6,865 | €14,342 | +€21,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,865 | €14,342 | +€21,206 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.