IMMO GEFE: 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 GEFE
Largest movements
- Tangible fixed assets -€142,234
no longer reported in 2025 (was €142,234)
of which Land and buildings: -€114,006
- Cash +€55,649
up €55,649 (+6617.3%), from €841 to €56,490
mainly Investment in fixed assets (net) (+€152,442) and Net result for the year (+€60,699)
- Formation expenses -€10,208
no longer reported in 2025 (was €10,208)
- Debts after one year -€121,959
down €121,959 (-97.1%), from €125,554 to €3,595
of which Financial debts: -€121,959
- Profit (loss) carried forward +€60,699
up €60,699 (+31.2%), from -€194,750 to -€134,051
- Other debts -€24,500
down €24,500 (-13.0%), from €188,204 to €163,704
- Current portion of long-term debt -€12,448
no longer reported in 2025 (was €12,448)
- Tax, wage and social debts +€4,642
new in 2025: €4,642
- Financial income +€92,773
new in 2025: €92,773
of which Non-recurring financial income: +€92,558
- Gross operating margin -€17,634
down €17,634 (-531.6%), from -€3,317 to -€20,951
- Depreciation -€9,509
no longer reported in 2025 (was €9,509)
- Taxes +€2,490
up €2,490 (+115.7%), from €2,152 to €4,642
- Financial charges -€2,409
down €2,409 (-27.1%), from €8,889 to €6,480
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 | €153,283 | €56,490 | -€96,793 | -63.1% |
| Formation expenses | 20 | €10,208 | - | -€10,208 | |
| Fixed assets | 21/28 | €142,234 | - | -€142,234 | |
| Tangible fixed assets | 22/27 | €142,234 | - | -€142,234 | |
| Land and buildings | 22 | €114,006 | - | -€114,006 | |
| Plant, machinery and equipment | 23 | €28,228 | - | -€28,228 | |
| Current assets | 29/58 | €841 | €56,490 | +€55,649 | +6617.3% |
| Cash at bank and in hand | 54/58 | €841 | €56,490 | +€55,649 | +6617.3% |
| Total equity and liabilities | 10/49 | €153,283 | €56,490 | -€96,793 | -63.1% |
| Equity | 10/15 | -€176,150 | -€115,451 | +€60,699 | +34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,750 | -€134,051 | +€60,699 | +31.2% |
| Amounts payable | 17/49 | €329,433 | €171,941 | -€157,492 | -47.8% |
| Amounts payable after more than one year | 17 | €125,554 | €3,595 | -€121,959 | -97.1% |
| Financial debts | 170/4 | €121,959 | - | -€121,959 | |
| Other amounts payable | 178/9 | €3,595 | €3,595 | = | 0.0% |
| Amounts payable within one year | 42/48 | €203,879 | €168,346 | -€35,533 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €12,448 | - | -€12,448 | |
| Trade debts | 44 | €3,227 | - | -€3,227 | |
| Suppliers | 440/4 | €3,227 | - | -€3,227 | |
| Taxes, remuneration and social security | 45 | - | €4,642 | +€4,642 | |
| Taxes | 450/3 | - | €4,642 | +€4,642 | |
| Other amounts payable | 47/48 | €188,204 | €163,704 | -€24,500 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,509 | - | -€9,509 | |
| Gross operating margin | 9900 | -€3,317 | -€20,951 | -€17,634 | -531.6% |
| Operating profit (loss) | 9901 | -€12,826 | -€20,951 | -€8,126 | -63.4% |
| Financial income | 75/76B | - | €92,773 | +€92,773 | |
| Recurring financial income | 75 | - | €215 | +€215 | |
| Non-recurring financial income | 76B | - | €92,558 | +€92,558 | |
| Financial charges | 65/66B | €8,889 | €6,480 | -€2,409 | -27.1% |
| Recurring financial charges | 65 | €8,889 | €6,480 | -€2,409 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,714 | €65,341 | +€87,056 | |
| Income taxes | 67/77 | €2,152 | €4,642 | +€2,490 | +115.7% |
| Profit (loss) for the period | 9904 | -€23,867 | €60,699 | +€84,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,867 | €60,699 | +€84,566 |
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.