IMMO GENDRIN: 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 GENDRIN
Largest movements
- Tangible fixed assets -€11,014
down €11,014 (-21.1%), from €52,213 to €41,199
of which Furniture and vehicles: -€8,849
- Cash +€5,886
up €5,886 (+9.7%), from €60,420 to €66,305
mainly Depreciation (+€11,324) and Net result for the year (+€8,060)
- Receivables within one year -€5,802
down €5,802 (-81.5%), from €7,118 to €1,316
of which Other amounts receivable: -€7,118
- Debts after one year -€7,534
down €7,534 (-40.7%), from €18,504 to €10,971
of which Financial debts: -€7,534
- Other debts -€6,506
down €6,506 (-45.5%), from €14,300 to €7,794
- Trade debts +€1,295
up €1,295 (+299.6%), from €432 to €1,727
- Gross operating margin -€13,636
down €13,636 (-31.3%), from €43,537 to €29,901
- Taxes -€2,631
down €2,631 (-31.5%), from €8,357 to €5,726
- Depreciation -€700
down €700 (-5.8%), from €12,024 to €11,324
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 | €120,253 | €109,058 | -€11,194 | -9.3% |
| Fixed assets | 21/28 | €52,213 | €41,199 | -€11,014 | -21.1% |
| Tangible fixed assets | 22/27 | €52,213 | €41,199 | -€11,014 | -21.1% |
| Land and buildings | 22 | €18,524 | €18,524 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,589 | €12,424 | -€2,165 | -14.8% |
| Furniture and vehicles | 24 | €19,100 | €10,251 | -€8,849 | -46.3% |
| Current assets | 29/58 | €68,039 | €67,859 | -€180 | -0.3% |
| Amounts receivable within one year | 40/41 | €7,118 | €1,316 | -€5,802 | -81.5% |
| Trade receivables | 40 | - | €1,316 | +€1,316 | |
| Other amounts receivable | 41 | €7,118 | - | -€7,118 | |
| Cash at bank and in hand | 54/58 | €60,420 | €66,305 | +€5,886 | +9.7% |
| Deferred charges and accrued income | 490/1 | €502 | €237 | -€264 | -52.7% |
| Total equity and liabilities | 10/49 | €120,253 | €109,058 | -€11,194 | -9.3% |
| Equity | 10/15 | €78,390 | €78,949 | +€560 | +0.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,121 | €51,681 | +€560 | +1.1% |
| Amounts payable | 17/49 | €41,863 | €30,109 | -€11,754 | -28.1% |
| Amounts payable after more than one year | 17 | €18,504 | €10,971 | -€7,534 | -40.7% |
| Financial debts | 170/4 | €16,004 | €8,471 | -€7,534 | -47.1% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,359 | €19,138 | -€4,220 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €7,269 | €7,534 | +€265 | +3.6% |
| Trade debts | 44 | €432 | €1,727 | +€1,295 | +299.6% |
| Suppliers | 440/4 | €432 | €1,727 | +€1,295 | +299.6% |
| Taxes, remuneration and social security | 45 | €1,357 | €2,083 | +€726 | +53.5% |
| Taxes | 450/3 | €1,357 | €2,083 | +€726 | +53.5% |
| Other amounts payable | 47/48 | €14,300 | €7,794 | -€6,506 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,024 | €11,324 | -€700 | -5.8% |
| Other operating charges | 640/8 | €3,881 | €3,938 | +€57 | +1.5% |
| Gross operating margin | 9900 | €43,537 | €29,901 | -€13,636 | -31.3% |
| Operating profit (loss) | 9901 | €27,633 | €14,640 | -€12,993 | -47.0% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,107 | €854 | -€253 | -22.8% |
| Recurring financial charges | 65 | €1,107 | €854 | -€253 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €26,537 | €13,786 | -€12,751 | -48.1% |
| Income taxes | 67/77 | €8,357 | €5,726 | -€2,631 | -31.5% |
| Profit (loss) for the period | 9904 | €18,180 | €8,060 | -€10,120 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,180 | €8,060 | -€10,120 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.