IMMO-GEERT: 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-GEERT
Largest movements
- Cash +€16,673
up €16,673 (+2174.6%), from €767 to €17,440
mainly Debts after one year (+€23,019) and Depreciation (+€18,022)
- Tangible fixed assets +€15,621
up €15,621 (+5.7%), from €276,420 to €292,041
of which Land and buildings: +€15,874
- Receivables after one year -€3,500
down €3,500 (-100.0%), from €3,500 to €0
- Debts after one year +€23,019
new in 2025: €23,019
- Trade debts +€8,499
new in 2025: €8,499
- Reserves -€3,880
down €3,880 (-5.4%), from €72,090 to €68,210
of which Distributable reserves: -€3,880
- Gross operating margin +€9,790
up €9,790 (+34.8%), from €28,171 to €37,961
- Taxes +€1,992
up €1,992 (+19918800.0%), from €0 to €1,992
- Depreciation +€880
up €880 (+5.1%), from €17,142 to €18,022
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 | €281,687 | €309,480 | +€27,794 | +9.9% |
| Fixed assets | 21/28 | €276,420 | €292,041 | +€15,621 | +5.7% |
| Tangible fixed assets | 22/27 | €276,420 | €292,041 | +€15,621 | +5.7% |
| Land and buildings | 22 | €274,041 | €289,915 | +€15,874 | +5.8% |
| Furniture and vehicles | 24 | €2,379 | €2,126 | -€253 | -10.6% |
| Current assets | 29/58 | €5,267 | €17,440 | +€12,173 | +231.1% |
| Amounts receivable after more than one year | 29 | €3,500 | €0 | -€3,500 | -100.0% |
| Other amounts receivable | 291 | €3,500 | €0 | -€3,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,000 | €0 | -€1,000 | -100.0% |
| Trade receivables | 40 | €1,000 | €0 | -€1,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €767 | €17,440 | +€16,673 | +2174.6% |
| Total equity and liabilities | 10/49 | €281,687 | €309,480 | +€27,794 | +9.9% |
| Equity | 10/15 | €253,695 | €249,815 | -€3,879 | -1.5% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Capital | 10 | €92,000 | €92,000 | = | 0.0% |
| Issued capital | 100 | €92,000 | €92,000 | = | 0.0% |
| Reserves | 13 | €72,090 | €68,210 | -€3,880 | -5.4% |
| Non-distributable reserves | 130/1 | €11,120 | €11,120 | = | 0.0% |
| Legal reserve | 130 | €11,120 | €11,120 | = | 0.0% |
| Distributable reserves | 133 | €60,970 | €57,090 | -€3,880 | -6.4% |
| Profit (loss) carried forward | 14 | €89,605 | €89,606 | +€1 | 0.0% |
| Amounts payable | 17/49 | €27,992 | €59,665 | +€31,673 | +113.1% |
| Amounts payable after more than one year | 17 | - | €23,019 | +€23,019 | |
| Financial debts | 170/4 | - | €23,019 | +€23,019 | |
| Amounts payable within one year | 42/48 | €27,992 | €36,646 | +€8,654 | +30.9% |
| Trade debts | 44 | - | €8,499 | +€8,499 | |
| Suppliers | 440/4 | - | €8,499 | +€8,499 | |
| Taxes, remuneration and social security | 45 | €0 | €2,202 | +€2,202 | |
| Taxes | 450/3 | €0 | €2,202 | +€2,202 | |
| Other amounts payable | 47/48 | €27,992 | €25,945 | -€2,047 | -7.3% |
| Non-recurring operating income | 76A | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,142 | €18,022 | +€880 | +5.1% |
| Other operating charges | 640/8 | €11,157 | €11,511 | +€353 | +3.2% |
| Gross operating margin | 9900 | €28,171 | €37,961 | +€9,790 | +34.8% |
| Operating profit (loss) | 9901 | -€128 | €8,429 | +€8,557 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,577 | €1,216 | -€361 | -22.9% |
| Recurring financial charges | 65 | €1,577 | €1,216 | -€361 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,705 | €7,213 | +€8,918 | |
| Income taxes | 67/77 | €0 | €1,992 | +€1,992 | +19918800.0% |
| Profit (loss) for the period | 9904 | -€1,705 | €5,221 | +€6,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,705 | €5,221 | +€6,926 |
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 6 October 2026 via checked.be.