IMMO GBF: 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 GBF
Largest movements
- Receivables within one year +€41,329
up €41,329 (+216834.0%), from €19 to €41,348
of which Other amounts receivable: +€40,016
- Cash -€28,928
down €28,928 (-68.6%), from €42,159 to €13,232
mainly Receivables within one year (-€41,329) and Contributions, distributions and other (-€10,000)
- Deferred charges and accrued income -€16,951
down €16,951 (-41.2%), from €41,101 to €24,150
- Other debts -€7,200
down €7,200 (-26.4%), from €27,226 to €20,026
- Tax, wage and social debts +€6,713
up €6,713 (+201.6%), from €3,330 to €10,043
- Debts after one year -€6,145
down €6,145 (-100.0%), from €6,145 to €0
- Reserves +€4,524
up €4,524 (+2.6%), from €173,305 to €177,829
- Current portion of long-term debt -€4,152
down €4,152 (-30.4%), from €13,650 to €9,499
- Gross operating margin +€1,067
up €1,067 (+3.3%), from €32,089 to €33,156
- Financial charges -€958
down €958 (-43.7%), from €2,193 to €1,235
- Taxes +€793
up €793 (+13.1%), from €6,045 to €6,838
- Depreciation -€667
down €667 (-16.2%), from €4,120 to €3,453
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 | €247,694 | €242,516 | -€5,178 | -2.1% |
| Fixed assets | 21/28 | €164,415 | €163,787 | -€628 | -0.4% |
| Tangible fixed assets | 22/27 | €164,415 | €163,787 | -€628 | -0.4% |
| Land and buildings | 22 | €164,415 | €163,787 | -€628 | -0.4% |
| Current assets | 29/58 | €83,279 | €78,729 | -€4,550 | -5.5% |
| Amounts receivable within one year | 40/41 | €19 | €41,348 | +€41,329 | +216834.0% |
| Trade receivables | 40 | - | €1,313 | +€1,313 | |
| Other amounts receivable | 41 | €19 | €40,035 | +€40,016 | +209946.5% |
| Cash at bank and in hand | 54/58 | €42,159 | €13,232 | -€28,928 | -68.6% |
| Deferred charges and accrued income | 490/1 | €41,101 | €24,150 | -€16,951 | -41.2% |
| Total equity and liabilities | 10/49 | €247,694 | €242,516 | -€5,178 | -2.1% |
| Equity | 10/15 | €195,087 | €199,610 | +€4,524 | +2.3% |
| Contributions | 10/11 | €21,782 | €21,782 | = | 0.0% |
| Reserves | 13 | €173,305 | €177,829 | +€4,524 | +2.6% |
| Distributable reserves | 133 | €173,305 | €177,829 | +€4,524 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,607 | €42,906 | -€9,702 | -18.4% |
| Amounts payable after more than one year | 17 | €6,145 | €0 | -€6,145 | -100.0% |
| Financial debts | 170/4 | €6,145 | €0 | -€6,145 | -100.0% |
| Amounts payable within one year | 42/48 | €44,371 | €41,135 | -€3,236 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €13,650 | €9,499 | -€4,152 | -30.4% |
| Trade debts | 44 | €164 | €1,567 | +€1,404 | +856.3% |
| Suppliers | 440/4 | €164 | €1,567 | +€1,404 | +856.3% |
| Taxes, remuneration and social security | 45 | €3,330 | €10,043 | +€6,713 | +201.6% |
| Taxes | 450/3 | €3,330 | €10,043 | +€6,713 | +201.6% |
| Other amounts payable | 47/48 | €27,226 | €20,026 | -€7,200 | -26.4% |
| Accrued charges and deferred income | 492/3 | €2,092 | €1,771 | -€321 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €3,453 | -€667 | -16.2% |
| Other operating charges | 640/8 | €6,891 | €7,106 | +€216 | +3.1% |
| Gross operating margin | 9900 | €32,089 | €33,156 | +€1,067 | +3.3% |
| Operating profit (loss) | 9901 | €21,079 | €22,597 | +€1,518 | +7.2% |
| Financial charges | 65/66B | €2,193 | €1,235 | -€958 | -43.7% |
| Recurring financial charges | 65 | €2,193 | €1,235 | -€958 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €18,886 | €21,362 | +€2,476 | +13.1% |
| Income taxes | 67/77 | €6,045 | €6,838 | +€793 | +13.1% |
| Profit (loss) for the period | 9904 | €12,841 | €14,524 | +€1,683 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,841 | €14,524 | +€1,683 | +13.1% |
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 3 October 2026 via checked.be.