Immo Gerco: 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 Gerco
Largest movements
- Receivables within one year -€21,524
down €21,524 (-46.9%), from €45,929 to €24,405
of which Other amounts receivable: -€18,337
- Tangible fixed assets -€19,069
down €19,069 (-7.9%), from €242,539 to €223,469
of which Furniture and vehicles: -€10,013
- Cash +€6,241
up €6,241 (+160.0%), from €3,901 to €10,142
mainly Receivables within one year (+€21,524) and Depreciation (+€19,069)
- Debts after one year -€26,219
down €26,219 (-25.9%), from €101,299 to €75,080
- Other debts -€14,833
down €14,833 (-15.6%), from €95,218 to €80,385
- Financial charges +€685
up €685 (+9.5%), from €7,236 to €7,921
- Financial income -€624
down €624 (-31.1%), from €2,005 to €1,381
- Taxes -€619
down €619 (-31.7%), from €1,952 to €1,333
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 | €293,747 | €260,732 | -€33,015 | -11.2% |
| Fixed assets | 21/28 | €242,539 | €223,469 | -€19,069 | -7.9% |
| Tangible fixed assets | 22/27 | €242,539 | €223,469 | -€19,069 | -7.9% |
| Land and buildings | 22 | €205,036 | €195,980 | -€9,056 | -4.4% |
| Furniture and vehicles | 24 | €37,503 | €27,490 | -€10,013 | -26.7% |
| Current assets | 29/58 | €51,208 | €37,263 | -€13,945 | -27.2% |
| Amounts receivable within one year | 40/41 | €45,929 | €24,405 | -€21,524 | -46.9% |
| Trade receivables | 40 | €18,147 | €14,961 | -€3,187 | -17.6% |
| Other amounts receivable | 41 | €27,782 | €9,444 | -€18,337 | -66.0% |
| Cash at bank and in hand | 54/58 | €3,901 | €10,142 | +€6,241 | +160.0% |
| Deferred charges and accrued income | 490/1 | €1,378 | €2,716 | +€1,338 | +97.1% |
| Total equity and liabilities | 10/49 | €293,747 | €260,732 | -€33,015 | -11.2% |
| Equity | 10/15 | €61,197 | €63,973 | +€2,776 | +4.5% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €33,697 | €36,473 | +€2,776 | +8.2% |
| Tax-exempt reserves | 132 | €358 | €358 | = | 0.0% |
| Distributable reserves | 133 | €33,338 | €36,114 | +€2,776 | +8.3% |
| Amounts payable | 17/49 | €232,550 | €196,759 | -€35,790 | -15.4% |
| Amounts payable after more than one year | 17 | €101,299 | €75,080 | -€26,219 | -25.9% |
| Financial debts | 170/4 | €101,299 | €75,080 | -€26,219 | -25.9% |
| Amounts payable within one year | 42/48 | €127,980 | €116,831 | -€11,149 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €25,321 | €26,219 | +€898 | +3.5% |
| Trade debts | 44 | €2,234 | €4,742 | +€2,508 | +112.3% |
| Suppliers | 440/4 | €2,234 | €4,742 | +€2,508 | +112.3% |
| Taxes, remuneration and social security | 45 | €5,207 | €5,485 | +€277 | +5.3% |
| Taxes | 450/3 | €5,207 | €5,485 | +€277 | +5.3% |
| Other amounts payable | 47/48 | €95,218 | €80,385 | -€14,833 | -15.6% |
| Accrued charges and deferred income | 492/3 | €3,272 | €4,849 | +€1,577 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,824 | €19,069 | +€245 | +1.3% |
| Other operating charges | 640/8 | €1,881 | €1,811 | -€70 | -3.7% |
| Gross operating margin | 9900 | €31,517 | €31,529 | +€12 | 0.0% |
| Operating profit (loss) | 9901 | €10,812 | €10,649 | -€163 | -1.5% |
| Financial income | 75/76B | €2,005 | €1,381 | -€624 | -31.1% |
| Recurring financial income | 75 | €2,005 | €1,381 | -€624 | -31.1% |
| Financial charges | 65/66B | €7,236 | €7,921 | +€685 | +9.5% |
| Recurring financial charges | 65 | €7,236 | €7,921 | +€685 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €5,581 | €4,109 | -€1,472 | -26.4% |
| Income taxes | 67/77 | €1,952 | €1,333 | -€619 | -31.7% |
| Profit (loss) for the period | 9904 | €3,629 | €2,776 | -€853 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,629 | €2,776 | -€853 | -23.5% |
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 5 October 2026 via checked.be.