IMMO GENERAL MICHEL: 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 GENERAL MICHEL
Largest movements
- Cash -€61,698
down €61,698 (-33.8%), from €182,768 to €121,070
mainly Contributions, distributions and other (-€54,468) and Debts after one year (-€35,774)
- Tangible fixed assets -€20,911
down €20,911 (-1.5%), from €1.4m to €1.4m
- Reserves -€55,878
down €55,878 (-63.3%), from €88,265 to €32,387
- Debts after one year -€35,774
down €35,774 (-2.6%), from €1.4m to €1.3m
No income-statement line moved by more than 1% of the activity.
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,575,066 | €1,493,464 | -€81,602 | -5.2% |
| Fixed assets | 21/28 | €1,389,944 | €1,369,033 | -€20,911 | -1.5% |
| Tangible fixed assets | 22/27 | €1,389,944 | €1,369,033 | -€20,911 | -1.5% |
| Land and buildings | 22 | €1,389,944 | €1,369,033 | -€20,911 | -1.5% |
| Current assets | 29/58 | €185,122 | €124,431 | -€60,691 | -32.8% |
| Amounts receivable within one year | 40/41 | €521 | €765 | +€244 | +46.8% |
| Other amounts receivable | 41 | €521 | €765 | +€244 | +46.8% |
| Cash at bank and in hand | 54/58 | €182,768 | €121,070 | -€61,698 | -33.8% |
| Deferred charges and accrued income | 490/1 | €1,833 | €2,596 | +€763 | +41.6% |
| Total equity and liabilities | 10/49 | €1,575,066 | €1,493,464 | -€81,602 | -5.2% |
| Equity | 10/15 | €93,418 | €43,406 | -€50,012 | -53.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €88,265 | €32,387 | -€55,878 | -63.3% |
| Distributable reserves | 133 | €88,265 | €32,387 | -€55,878 | -63.3% |
| Profit (loss) carried forward | 14 | -€7,247 | -€1,381 | +€5,866 | +80.9% |
| Amounts payable | 17/49 | €1,481,648 | €1,450,058 | -€31,590 | -2.1% |
| Amounts payable after more than one year | 17 | €1,378,707 | €1,342,933 | -€35,774 | -2.6% |
| Financial debts | 170/4 | €1,378,707 | €1,342,933 | -€35,774 | -2.6% |
| Amounts payable within one year | 42/48 | €101,517 | €106,574 | +€5,057 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €35,401 | €35,774 | +€373 | +1.1% |
| Trade debts | 44 | €1,615 | €6,424 | +€4,809 | +298% |
| Suppliers | 440/4 | €1,615 | €6,424 | +€4,809 | +298% |
| Other amounts payable | 47/48 | €64,501 | €64,376 | -€125 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,424 | €551 | -€873 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,601 | €46,088 | +€487 | +1.1% |
| Other operating charges | 640/8 | €8,838 | €9,168 | +€330 | +3.7% |
| Gross operating margin | 9900 | €66,206 | €65,981 | -€225 | -0.3% |
| Operating profit (loss) | 9901 | €11,767 | €10,725 | -€1,042 | -8.9% |
| Financial charges | 65/66B | €6,665 | €6,269 | -€396 | -5.9% |
| Recurring financial charges | 65 | €6,665 | €6,269 | -€396 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €5,102 | €4,456 | -€646 | -12.7% |
| Profit (loss) for the period | 9904 | €5,102 | €4,456 | -€646 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,102 | €4,456 | -€646 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.