IMMO GAY: 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 GAY
Largest movements
- Cash +€579,182
up €579,182 (+4,036%), from €14,352 to €593,534
mainly Current investments (+€550,000) and Net result for the year (+€20,737)
- Current investments -€550,000
no longer reported in 2025 (was €550,000)
- Tangible fixed assets -€12,293
down €12,293 (-2.5%), from €483,458 to €471,165
of which Land and buildings: -€10,800
- Reserves +€20,737
up €20,737 (+7.9%), from €262,768 to €283,506
- Financial income -€6,871
down €6,871 (-47.2%), from €14,555 to €7,684
- Gross operating margin +€4,996
up €4,996 (+14.2%), from €35,291 to €40,287
- Taxes -€527
down €527 (-6.3%), from €8,303 to €7,777
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 | €1,047,810 | €1,067,378 | +€19,568 | +1.9% |
| Fixed assets | 21/28 | €483,458 | €471,165 | -€12,293 | -2.5% |
| Tangible fixed assets | 22/27 | €483,458 | €471,165 | -€12,293 | -2.5% |
| Land and buildings | 22 | €473,371 | €462,571 | -€10,800 | -2.3% |
| Plant, machinery and equipment | 23 | €1,660 | €3,844 | +€2,184 | +132% |
| Furniture and vehicles | 24 | €1,370 | €1,076 | -€295 | -21.5% |
| Other tangible fixed assets | 26 | €7,057 | €3,675 | -€3,382 | -47.9% |
| Current assets | 29/58 | €564,352 | €596,213 | +€31,861 | +5.6% |
| Amounts receivable within one year | 40/41 | - | €1,029 | +€1,029 | |
| Other amounts receivable | 41 | - | €1,029 | +€1,029 | |
| Current investments | 50/53 | €550,000 | - | -€550,000 | |
| Cash at bank and in hand | 54/58 | €14,352 | €593,534 | +€579,182 | +4,036% |
| Deferred charges and accrued income | 490/1 | - | €1,650 | +€1,650 | |
| Total equity and liabilities | 10/49 | €1,047,810 | €1,067,378 | +€19,568 | +1.9% |
| Equity | 10/15 | €1,002,698 | €1,023,436 | +€20,737 | +2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €262,768 | €283,506 | +€20,737 | +7.9% |
| Distributable reserves | 133 | €262,768 | €283,506 | +€20,737 | +7.9% |
| Profit (loss) carried forward | 14 | €721,380 | €721,380 | = | 0.0% |
| Amounts payable | 17/49 | €45,112 | €43,943 | -€1,169 | -2.6% |
| Amounts payable within one year | 42/48 | €45,112 | €43,943 | -€1,169 | -2.6% |
| Trade debts | 44 | €209 | €87 | -€122 | -58.4% |
| Suppliers | 440/4 | €209 | €87 | -€122 | -58.4% |
| Taxes, remuneration and social security | 45 | €1,047 | - | -€1,047 | |
| Taxes | 450/3 | €1,047 | - | -€1,047 | |
| Other amounts payable | 47/48 | €43,856 | €43,856 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,713 | €15,461 | -€252 | -1.6% |
| Other operating charges | 640/8 | €3,635 | €3,749 | +€114 | +3.1% |
| Gross operating margin | 9900 | €35,291 | €40,287 | +€4,996 | +14.2% |
| Operating profit (loss) | 9901 | €15,943 | €21,077 | +€5,134 | +32.2% |
| Financial income | 75/76B | €14,555 | €7,684 | -€6,871 | -47.2% |
| Recurring financial income | 75 | €14,555 | €7,684 | -€6,871 | -47.2% |
| Financial charges | 65/66B | €52 | €247 | +€195 | +372% |
| Recurring financial charges | 65 | €52 | €247 | +€195 | +372% |
| Profit (loss) for the period before taxes | 9903 | €30,446 | €28,514 | -€1,932 | -6.3% |
| Income taxes | 67/77 | €8,303 | €7,777 | -€527 | -6.3% |
| Profit (loss) for the period | 9904 | €22,142 | €20,737 | -€1,405 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,142 | €20,737 | -€1,405 | -6.3% |
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 1 November 2026 via checked.be.