IMMO-GECO: 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-GECO
Largest movements
- Stocks and contracts -€153,040
down €153,040 (-100.0%), from €153,040 to €0
- Receivables within one year +€64,128
up €64,128 (+2520.8%), from €2,544 to €66,672
of which Other amounts receivable: +€57,870
- Cash -€13,085
down €13,085 (-68.9%), from €18,988 to €5,903
mainly Short-term financial debts (-€100,001) and Other debts (-€78,875)
- Deferred charges and accrued income +€3,810
up €3,810 (+680.5%), from €560 to €4,370
- Short-term financial debts -€100,001
down €100,001 (-100.0%), from €100,001 to €0
- Other debts -€78,875
down €78,875 (-98.4%), from €80,167 to €1,292
- Profit (loss) carried forward +€61,282
up €61,282, from -€22,042 to €39,241
- Trade debts +€18,724
up €18,724 (+18724.1%), from €100 to €18,824
- Gross operating margin +€103,014
up €103,014, from -€20,964 to €82,050
- Taxes +€14,530
new in 2025: €14,530
- Financial charges +€4,393
up €4,393 (+668.3%), from €657 to €5,050
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 | €178,226 | €79,357 | -€98,869 | -55.5% |
| Formation expenses | 20 | €3,094 | €2,412 | -€682 | -22.0% |
| Current assets | 29/58 | €175,132 | €76,945 | -€98,188 | -56.1% |
| Stocks and contracts in progress | 3 | €153,040 | €0 | -€153,040 | -100.0% |
| Stocks | 30/36 | €153,040 | €0 | -€153,040 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,544 | €66,672 | +€64,128 | +2520.8% |
| Trade receivables | 40 | - | €6,257 | +€6,257 | |
| Other amounts receivable | 41 | €2,544 | €60,414 | +€57,870 | +2274.8% |
| Cash at bank and in hand | 54/58 | €18,988 | €5,903 | -€13,085 | -68.9% |
| Deferred charges and accrued income | 490/1 | €560 | €4,370 | +€3,810 | +680.5% |
| Total equity and liabilities | 10/49 | €178,226 | €79,357 | -€98,869 | -55.5% |
| Equity | 10/15 | -€2,042 | €59,241 | +€61,282 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,042 | €39,241 | +€61,282 | |
| Amounts payable | 17/49 | €180,268 | €20,116 | -€160,152 | -88.8% |
| Amounts payable within one year | 42/48 | €180,268 | €20,116 | -€160,152 | -88.8% |
| Financial debts | 43 | €100,001 | €0 | -€100,001 | -100.0% |
| Credit institutions | 430/8 | €100,001 | €0 | -€100,001 | -100.0% |
| Trade debts | 44 | €100 | €18,824 | +€18,724 | +18724.1% |
| Suppliers | 440/4 | €100 | €18,824 | +€18,724 | +18724.1% |
| Other amounts payable | 47/48 | €80,167 | €1,292 | -€78,875 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €682 | +€367 | +116.4% |
| Other operating charges | 640/8 | €106 | €606 | +€500 | +474.4% |
| Gross operating margin | 9900 | -€20,964 | €82,050 | +€103,014 | |
| Operating profit (loss) | 9901 | -€21,384 | €80,763 | +€102,147 | |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €657 | €5,050 | +€4,393 | +668.3% |
| Recurring financial charges | 65 | €657 | €5,050 | +€4,393 | +668.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,042 | €75,812 | +€97,854 | |
| Income taxes | 67/77 | - | €14,530 | +€14,530 | |
| Profit (loss) for the period | 9904 | -€22,042 | €61,282 | +€83,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,042 | €61,282 | +€83,324 |
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.