IMMO GENT: 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.
What changed
IMMO GENT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€324,648
2024 · €10,313+€314,335
Equity
€5.0m
2024 · €4.7m+€324,648
Cash
€361,789
2024 · €212,063+€149,726
Balance sheet total
€9.5m
2024 · €9.2m+€350,249
Largest movements
Assets
- Tangible fixed assets +€178,029
up €178,029 (+2.0%), from €8.9m to €9.1m
of which Assets under construction and advance payments: +€306,011
- Cash +€149,726
up €149,726 (+70.6%), from €212,063 to €361,789
mainly Net result for the year (+€324,648) and Depreciation (+€202,090)
Equity and liabilities
- Reserves +€324,648
up €324,648 (+7.9%), from €4.1m to €4.4m
of which Tax-exempt reserves: +€173,528
- Other debts +€152,213
up €152,213 (+5.0%), from €3.0m to €3.2m
- Debts after one year -€145,766
down €145,766 (-11.9%), from €1.2m to €1.1m
Income statement
- Gross operating margin +€340,965
up €340,965 (+71.5%), from €476,950 to €817,915
- Taxes +€22,787
up €22,787 (+42.7%), from €53,321 to €76,108
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.
Result 2024
€10,313
Gross operating margin
+€340,965
Staff costs
-€3,207
Depreciation
+€4,335
Other operating charges
-€4,715
Financial income
-€1,884
Financial charges
+€1,628
Taxes
-€22,787
Result 2025
€324,648
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€674,031
Investment
-€380,119
Financing
-€144,186
Cash 2024
€212,063
From operations (derived)
+€674,031
Net result for the year
+€324,648
Depreciation
+€202,090
Receivables within one year
+€2,022
Deferred charges and accrued income
-€24,516
Trade debts
+€24,825
Tax, wage and social debts
+€5,117
Other debts
+€152,213
Accrued charges and deferred income
-€12,367
Investment (derived)
-€380,119
Investment in fixed assets (net)
-€380,119
Financing
-€144,186
Debts after one year
-€145,766
Current portion of long-term debt
+€1,579
Cash 2025
€361,789
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,194,046 | €9,544,296 | +€350,249 | +3.8% |
| Fixed assets | 21/28 | €8,934,088 | €9,112,117 | +€178,029 | +2.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €8,934,088 | €9,112,117 | +€178,029 | +2.0% |
| Land and buildings | 22 | €4,484,765 | €4,320,448 | -€164,318 | -3.7% |
| Plant, machinery and equipment | 23 | €252,039 | €318,052 | +€66,012 | +26.2% |
| Furniture and vehicles | 24 | €65,413 | €35,736 | -€29,677 | -45.4% |
| Assets under construction and advance payments | 27 | €4,131,870 | €4,437,882 | +€306,011 | +7.4% |
| Current assets | 29/58 | €259,958 | €432,179 | +€172,220 | +66.2% |
| Stocks and contracts in progress | 3 | €30,114 | €30,114 | = | 0.0% |
| Stocks | 30/36 | €30,114 | €30,114 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,567 | €11,545 | -€2,022 | -14.9% |
| Trade receivables | 40 | - | €110 | +€110 | |
| Other amounts receivable | 41 | €13,567 | €11,435 | -€2,132 | -15.7% |
| Cash at bank and in hand | 54/58 | €212,063 | €361,789 | +€149,726 | +70.6% |
| Deferred charges and accrued income | 490/1 | €4,215 | €28,731 | +€24,516 | +582% |
| Total equity and liabilities | 10/49 | €9,194,046 | €9,544,296 | +€350,249 | +3.8% |
| Equity | 10/15 | €4,658,862 | €4,983,509 | +€324,648 | +7.0% |
| Contributions | 10/11 | €545,366 | €545,366 | = | 0.0% |
| Capital | 10 | €545,366 | €545,366 | = | 0.0% |
| Issued capital | 100 | €545,366 | €545,366 | = | 0.0% |
| Reserves | 13 | €4,113,496 | €4,438,144 | +€324,648 | +7.9% |
| Non-distributable reserves | 130/1 | €78,297 | €78,297 | = | 0.0% |
| Legal reserve | 130 | €78,297 | €78,297 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,122,430 | €3,295,958 | +€173,528 | +5.6% |
| Distributable reserves | 133 | €912,770 | €1,063,890 | +€151,120 | +16.6% |
| Amounts payable | 17/49 | €4,535,184 | €4,560,786 | +€25,602 | +0.6% |
| Amounts payable after more than one year | 17 | €1,225,016 | €1,079,250 | -€145,766 | -11.9% |
| Financial debts | 170/4 | €1,225,016 | €1,079,250 | -€145,766 | -11.9% |
| Amounts payable within one year | 42/48 | €3,273,264 | €3,456,999 | +€183,734 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €144,186 | €145,766 | +€1,579 | +1.1% |
| Trade debts | 44 | €63,663 | €88,487 | +€24,825 | +39.0% |
| Suppliers | 440/4 | €63,663 | €88,487 | +€24,825 | +39.0% |
| Taxes, remuneration and social security | 45 | €25,653 | €30,770 | +€5,117 | +19.9% |
| Taxes | 450/3 | €10,554 | €15,112 | +€4,558 | +43.2% |
| Remuneration and social security | 454/9 | €15,099 | €15,658 | +€559 | +3.7% |
| Other amounts payable | 47/48 | €3,039,762 | €3,191,976 | +€152,213 | +5.0% |
| Accrued charges and deferred income | 492/3 | €36,904 | €24,537 | -€12,367 | -33.5% |
| Non-recurring operating income | 76A | - | €283,655 | +€283,655 | |
| Remuneration, social security and pensions | 62 | €137,761 | €140,969 | +€3,207 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,425 | €202,090 | -€4,335 | -2.1% |
| Other operating charges | 640/8 | €55,758 | €60,473 | +€4,715 | +8.5% |
| Gross operating margin | 9900 | €476,950 | €817,915 | +€340,965 | +71.5% |
| Operating profit (loss) | 9901 | €77,006 | €414,384 | +€337,378 | +438% |
| Financial income | 75/76B | €2,643 | €759 | -€1,884 | -71.3% |
| Recurring financial income | 75 | €2,643 | €759 | -€1,884 | -71.3% |
| Financial charges | 65/66B | €16,015 | €14,388 | -€1,628 | -10.2% |
| Recurring financial charges | 65 | €16,015 | €14,388 | -€1,628 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €63,634 | €400,755 | +€337,122 | +530% |
| Income taxes | 67/77 | €53,321 | €76,108 | +€22,787 | +42.7% |
| Profit (loss) for the period | 9904 | €10,313 | €324,648 | +€314,335 | +3,048% |
| Transfer from tax-exempt reserves | 789 | €95,230 | €95,230 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €268,758 | +€268,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,543 | €151,120 | +€45,577 | +43.2% |
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 16 October 2026 via checked.be.