IMMO GEMIDI: 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 GEMIDI
Largest movements
- Tangible fixed assets -€383,845
down €383,845 (-16.1%), from €2.4m to €2.0m
of which Land and buildings: -€393,448
- Stocks and contracts +€372,911
up €372,911 (+32.3%), from €1.2m to €1.5m
- Cash +€238,610
up €238,610 (+149.8%), from €159,318 to €397,928
mainly Investment in fixed assets (net) (+€287,130) and Net result for the year (+€197,218)
- Current investments -€158,898
down €158,898 (-14.9%), from €1.1m to €906,823
- Reserves +€197,218
up €197,218 (+14.1%), from €1.4m to €1.6m
of which Distributable reserves: +€223,716
- Other debts -€126,256
down €126,256 (-4.9%), from €2.6m to €2.5m
- Gross operating margin +€198,798
up €198,798 (+455.9%), from €43,607 to €242,405
- Financial income +€44,619
up €44,619 (+72.5%), from €61,568 to €106,187
- Financial charges -€42,205
down €42,205 (-50.3%), from €83,928 to €41,723
- Depreciation -€12,202
down €12,202 (-11.2%), from €108,917 to €96,715
- Taxes +€5,758
up €5,758 (+701.9%), from €820 to €6,578
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 | €4,804,996 | €4,868,061 | +€63,065 | +1.3% |
| Fixed assets | 21/28 | €2,383,745 | €1,999,900 | -€383,845 | -16.1% |
| Tangible fixed assets | 22/27 | €2,383,745 | €1,999,900 | -€383,845 | -16.1% |
| Land and buildings | 22 | €2,383,745 | €1,990,297 | -€393,448 | -16.5% |
| Furniture and vehicles | 24 | - | €9,603 | +€9,603 | |
| Current assets | 29/58 | €2,421,251 | €2,868,161 | +€446,910 | +18.5% |
| Stocks and contracts in progress | 3 | €1,155,427 | €1,528,338 | +€372,911 | +32.3% |
| Stocks | 30/36 | €1,155,427 | €1,528,338 | +€372,911 | +32.3% |
| Amounts receivable within one year | 40/41 | €37,175 | €27,342 | -€9,833 | -26.5% |
| Trade receivables | 40 | €2,800 | €23,238 | +€20,438 | +729.9% |
| Other amounts receivable | 41 | €34,375 | €4,104 | -€30,271 | -88.1% |
| Current investments | 50/53 | €1,065,721 | €906,823 | -€158,898 | -14.9% |
| Cash at bank and in hand | 54/58 | €159,318 | €397,928 | +€238,610 | +149.8% |
| Deferred charges and accrued income | 490/1 | €3,609 | €7,730 | +€4,121 | +114.2% |
| Total equity and liabilities | 10/49 | €4,804,996 | €4,868,061 | +€63,065 | +1.3% |
| Equity | 10/15 | €2,143,747 | €2,340,965 | +€197,218 | +9.2% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €1,400,067 | €1,597,284 | +€197,218 | +14.1% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,875 | €135,377 | -€26,498 | -16.4% |
| Distributable reserves | 133 | €1,163,823 | €1,387,540 | +€223,716 | +19.2% |
| Provisions and deferred taxes | 16 | €53,958 | €45,126 | -€8,833 | -16.4% |
| Deferred taxes | 168 | €53,958 | €45,126 | -€8,833 | -16.4% |
| Amounts payable | 17/49 | €2,607,290 | €2,481,970 | -€125,320 | -4.8% |
| Amounts payable within one year | 42/48 | €2,607,186 | €2,481,970 | -€125,216 | -4.8% |
| Trade debts | 44 | €11,435 | €13,330 | +€1,895 | +16.6% |
| Suppliers | 440/4 | €11,435 | €13,330 | +€1,895 | +16.6% |
| Taxes, remuneration and social security | 45 | €14,675 | €13,821 | -€855 | -5.8% |
| Taxes | 450/3 | €14,675 | €13,821 | -€855 | -5.8% |
| Other amounts payable | 47/48 | €2,581,076 | €2,454,820 | -€126,256 | -4.9% |
| Accrued charges and deferred income | 492/3 | €104 | €0 | -€104 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,917 | €96,715 | -€12,202 | -11.2% |
| Other operating charges | 640/8 | €14,320 | €15,191 | +€871 | +6.1% |
| Gross operating margin | 9900 | €43,607 | €242,405 | +€198,798 | +455.9% |
| Operating profit (loss) | 9901 | -€79,630 | €130,499 | +€210,129 | |
| Financial income | 75/76B | €61,568 | €106,187 | +€44,619 | +72.5% |
| Recurring financial income | 75 | €61,568 | €106,187 | +€44,619 | +72.5% |
| Financial charges | 65/66B | €83,928 | €41,723 | -€42,205 | -50.3% |
| Recurring financial charges | 65 | €83,928 | €41,723 | -€42,205 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€101,989 | €194,963 | +€296,953 | |
| Transfer from deferred taxes | 780 | €1,743 | €8,833 | +€7,089 | +406.6% |
| Income taxes | 67/77 | €820 | €6,578 | +€5,758 | +701.9% |
| Profit (loss) for the period | 9904 | -€101,066 | €197,218 | +€298,284 | |
| Transfer from tax-exempt reserves | 789 | €5,230 | €26,498 | +€21,268 | +406.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,836 | €223,716 | +€319,552 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.