IMMO GEREM: 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 GEREM
NACE 82.100, Office administrative and support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,666
2024 · €16,277-€19,943
Equity
€1.2m
2024 · €1.2m-€3,666
Cash
€1,476
2024 · €2,203-€728
Balance sheet total
€1.8m
2024 · €1.8m-€3,960
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Provisions +€37,262
new in 2025: €37,262
- Debts after one year -€35,031
down €35,031 (-5.5%), from €637,501 to €602,470
Income statement
- Gross operating margin +€7,264
up €7,264 (+9.6%), from €75,819 to €83,082
- Financial charges -€5,638
down €5,638 (-14.5%), from €38,991 to €33,352
- Depreciation -€2,669
down €2,669 (-20.1%), from €13,300 to €10,632
- Taxes -€2,509
no longer reported in 2025 (was €2,509)
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
€16,277
Gross operating margin
+€7,264
Depreciation
+€2,669
Other operating charges
-€760
Other operating items
-€37,262
Financial income
+€0
Financial charges
+€5,638
Taxes
+€2,509
Result 2025
-€3,666
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.
From operations
+€45,877
Investment
-€12,053
Financing
-€34,552
Cash 2024
€2,203
From operations (derived)
+€45,877
Net result for the year
-€3,666
Depreciation
+€10,632
Receivables after one year
+€14,950
Receivables within one year
-€10,297
Provisions
+€37,262
Trade debts
-€1,391
Tax, wage and social debts
-€1,724
Other debts
-€289
Accrued charges and deferred income
+€400
Investment (derived)
-€12,053
Investment in fixed assets (net)
-€12,053
Financing
-€34,552
Debts after one year
-€35,031
Current portion of long-term debt
+€479
Cash 2025
€1,476
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,841,690 | €1,837,730 | -€3,960 | -0.2% |
| Fixed assets | 21/28 | €1,739,689 | €1,741,110 | +€1,421 | +0.1% |
| Tangible fixed assets | 22/27 | €1,739,689 | €1,741,110 | +€1,421 | +0.1% |
| Land and buildings | 22 | €1,735,222 | €1,729,087 | -€6,135 | -0.4% |
| Plant, machinery and equipment | 23 | €0 | €2,000 | +€2,000 | +19999500.0% |
| Furniture and vehicles | 24 | €4,467 | €10,023 | +€5,556 | +124.4% |
| Current assets | 29/58 | €102,000 | €96,619 | -€5,381 | -5.3% |
| Amounts receivable after more than one year | 29 | €82,547 | €67,597 | -€14,950 | -18.1% |
| Other amounts receivable | 291 | €82,547 | €67,597 | -€14,950 | -18.1% |
| Amounts receivable within one year | 40/41 | €17,250 | €27,547 | +€10,297 | +59.7% |
| Trade receivables | 40 | €17,250 | €23,547 | +€6,297 | +36.5% |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €2,203 | €1,476 | -€728 | -33.0% |
| Total equity and liabilities | 10/49 | €1,841,690 | €1,837,730 | -€3,960 | -0.2% |
| Equity | 10/15 | €1,169,153 | €1,165,487 | -€3,666 | -0.3% |
| Contributions | 10/11 | €62,030 | €62,030 | = | 0.0% |
| Capital | 10 | €62,030 | €62,030 | = | 0.0% |
| Issued capital | 100 | €62,030 | €62,030 | = | 0.0% |
| Revaluation surpluses | 12 | €1,010,000 | €1,010,000 | = | 0.0% |
| Reserves | 13 | €31,741 | €31,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,203 | €6,203 | = | 0.0% |
| Legal reserve | 130 | €6,203 | €6,203 | = | 0.0% |
| Distributable reserves | 133 | €25,539 | €25,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,382 | €61,716 | -€3,666 | -5.6% |
| Provisions and deferred taxes | 16 | - | €37,262 | +€37,262 | |
| Provisions for liabilities and charges | 160/5 | - | €37,262 | +€37,262 | |
| Other liabilities and charges | 164/5 | - | €37,262 | +€37,262 | |
| Amounts payable | 17/49 | €672,536 | €634,980 | -€37,556 | -5.6% |
| Amounts payable after more than one year | 17 | €637,501 | €602,470 | -€35,031 | -5.5% |
| Financial debts | 170/4 | €637,501 | €602,470 | -€35,031 | -5.5% |
| Amounts payable within one year | 42/48 | €35,035 | €32,110 | -€2,925 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €22,552 | €23,031 | +€479 | +2.1% |
| Trade debts | 44 | €3,756 | €2,365 | -€1,391 | -37.0% |
| Suppliers | 440/4 | €3,756 | €2,365 | -€1,391 | -37.0% |
| Taxes, remuneration and social security | 45 | €5,790 | €4,066 | -€1,724 | -29.8% |
| Taxes | 450/3 | €5,790 | €4,066 | -€1,724 | -29.8% |
| Other amounts payable | 47/48 | €2,937 | €2,648 | -€289 | -9.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,300 | €10,632 | -€2,669 | -20.1% |
| Other operating charges | 640/8 | €4,742 | €5,502 | +€760 | +16.0% |
| Non-recurring operating charges | 66A | - | €37,262 | +€37,262 | |
| Gross operating margin | 9900 | €75,819 | €83,082 | +€7,264 | +9.6% |
| Operating profit (loss) | 9901 | €57,776 | €29,686 | -€28,090 | -48.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €38,991 | €33,352 | -€5,638 | -14.5% |
| Recurring financial charges | 65 | €38,991 | €33,352 | -€5,638 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €18,785 | -€3,666 | -€22,452 | |
| Income taxes | 67/77 | €2,509 | - | -€2,509 | |
| Profit (loss) for the period | 9904 | €16,277 | -€3,666 | -€19,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,277 | -€3,666 | -€19,943 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.