IMMO GDB: 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 GDB
Largest movements
- Tangible fixed assets -€54,335
down €54,335 (-5.1%), from €1.1m to €1.0m
of which Land and buildings: -€51,737
- Other debts +€49,627
up €49,627 (+16.0%), from €310,716 to €360,343
- Debts after one year -€36,985
down €36,985 (-5.9%), from €628,193 to €591,207
of which Financial debts: -€36,985
- Profit (loss) carried forward -€31,932
down €31,932 (-39.5%), from -€80,757 to -€112,690
- Reserves -€22,021
down €22,021 (-7.3%), from €303,354 to €281,333
of which Tax-exempt reserves: -€22,021
- Depreciation +€26,782
up €26,782 (+79.8%), from €33,544 to €60,326
- Other operating charges -€4,833
down €4,833 (-70.9%), from €6,821 to €1,988
- Financial income +€4,725
new in 2024: €4,725
- Gross operating margin -€4,344
down €4,344 (-46.8%), from €9,291 to €4,947
- Financial charges -€1,442
down €1,442 (-10.2%), from €14,098 to €12,656
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,423,536 | €1,372,671 | -€50,865 | -3.6% |
| Fixed assets | 21/28 | €1,206,966 | €1,152,631 | -€54,335 | -4.5% |
| Tangible fixed assets | 22/27 | €1,061,656 | €1,007,322 | -€54,335 | -5.1% |
| Land and buildings | 22 | €998,003 | €946,266 | -€51,737 | -5.2% |
| Plant, machinery and equipment | 23 | €27,156 | €28,208 | +€1,052 | +3.9% |
| Furniture and vehicles | 24 | €36,497 | €32,847 | -€3,650 | -10.0% |
| Financial fixed assets | 28 | €145,310 | €145,310 | = | 0.0% |
| Current assets | 29/58 | €216,570 | €220,040 | +€3,470 | +1.6% |
| Current investments | 50/53 | €210,000 | €210,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,692 | €3,102 | -€2,591 | -45.5% |
| Deferred charges and accrued income | 490/1 | €878 | €6,938 | +€6,060 | +690.4% |
| Total equity and liabilities | 10/49 | €1,423,536 | €1,372,671 | -€50,865 | -3.6% |
| Equity | 10/15 | €284,570 | €230,617 | -€53,953 | -19.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €303,354 | €281,333 | -€22,021 | -7.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €297,157 | €275,136 | -€22,021 | -7.4% |
| Profit (loss) carried forward | 14 | -€80,757 | -€112,690 | -€31,932 | -39.5% |
| Provisions and deferred taxes | 16 | €146,642 | €135,297 | -€11,344 | -7.7% |
| Deferred taxes | 168 | €146,642 | €135,297 | -€11,344 | -7.7% |
| Amounts payable | 17/49 | €992,324 | €1,006,757 | +€14,432 | +1.5% |
| Amounts payable after more than one year | 17 | €628,193 | €591,207 | -€36,985 | -5.9% |
| Financial debts | 170/4 | €628,043 | €591,057 | -€36,985 | -5.9% |
| Other amounts payable | 178/9 | €150 | €150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €349,793 | €400,685 | +€50,891 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €35,953 | €36,985 | +€1,032 | +2.9% |
| Trade debts | 44 | €3,124 | €3,356 | +€232 | +7.4% |
| Suppliers | 440/4 | €3,124 | €3,356 | +€232 | +7.4% |
| Other amounts payable | 47/48 | €310,716 | €360,343 | +€49,627 | +16.0% |
| Accrued charges and deferred income | 492/3 | €14,339 | €14,865 | +€526 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,544 | €60,326 | +€26,782 | +79.8% |
| Other operating charges | 640/8 | €6,821 | €1,988 | -€4,833 | -70.9% |
| Gross operating margin | 9900 | €9,291 | €4,947 | -€4,344 | -46.8% |
| Operating profit (loss) | 9901 | -€31,074 | -€57,366 | -€26,292 | -84.6% |
| Financial income | 75/76B | - | €4,725 | +€4,725 | |
| Recurring financial income | 75 | - | €4,725 | +€4,725 | |
| Financial charges | 65/66B | €14,098 | €12,656 | -€1,442 | -10.2% |
| Recurring financial charges | 65 | €14,098 | €12,656 | -€1,442 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€45,172 | -€65,297 | -€20,125 | -44.6% |
| Transfer from deferred taxes | 780 | - | €11,344 | +€11,344 | |
| Profit (loss) for the period | 9904 | -€45,172 | -€53,953 | -€8,781 | -19.4% |
| Transfer from tax-exempt reserves | 789 | €33,365 | €22,021 | -€11,344 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,807 | -€31,932 | -€20,125 | -170.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.