IMMO - GERO: 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 - GERO
Largest movements
- Tangible fixed assets -€15,194
down €15,194 (-9.9%), from €153,839 to €138,645
of which Furniture and vehicles: -€12,875
- Cash +€14,957
up €14,957 (+9.0%), from €166,926 to €181,884
mainly Net result for the year (+€29,473) and Depreciation (+€15,194)
- Receivables within one year -€12,378
down €12,378 (-81.6%), from €15,173 to €2,795
- Trade debts -€38,541
down €38,541 (-82.2%), from €46,871 to €8,330
- Reserves +€29,473
up €29,473 (+6.2%), from €477,378 to €506,851
of which Distributable reserves: +€29,473
- Tax, wage and social debts +€6,512
up €6,512 (+18.4%), from €35,380 to €41,892
- Turnover +€19,661
up €19,661 (+27.4%), from €71,706 to €91,366
- Purchases and services +€11,608
up €11,608 (+21.0%), from €55,401 to €67,010
- Financial income +€10,544
new in 2025: €10,544
- Gross operating margin +€7,442
up €7,442 (+17.7%), from €41,974 to €49,416
- Taxes +€4,650
up €4,650 (+66.7%), from €6,970 to €11,620
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €638,530 | €625,415 | -€13,115 | -2.1% |
| Fixed assets | 21/28 | €154,039 | €138,845 | -€15,194 | -9.9% |
| Tangible fixed assets | 22/27 | €153,839 | €138,645 | -€15,194 | -9.9% |
| Land and buildings | 22 | €135,320 | €133,001 | -€2,319 | -1.7% |
| Furniture and vehicles | 24 | €18,519 | €5,644 | -€12,875 | -69.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €484,491 | €486,570 | +€2,079 | +0.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,173 | €2,795 | -€12,378 | -81.6% |
| Trade receivables | 40 | €15,173 | €2,795 | -€12,378 | -81.6% |
| Cash at bank and in hand | 54/58 | €166,926 | €181,884 | +€14,957 | +9.0% |
| Deferred charges and accrued income | 490/1 | €2,391 | €1,891 | -€500 | -20.9% |
| Total equity and liabilities | 10/49 | €638,530 | €625,415 | -€13,115 | -2.1% |
| Equity | 10/15 | €538,878 | €568,351 | +€29,473 | +5.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €477,378 | €506,851 | +€29,473 | +6.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €471,228 | €500,701 | +€29,473 | +6.3% |
| Amounts payable | 17/49 | €99,652 | €57,065 | -€42,588 | -42.7% |
| Amounts payable after more than one year | 17 | €5,599 | - | -€5,599 | |
| Financial debts | 170/4 | €5,599 | - | -€5,599 | |
| Amounts payable within one year | 42/48 | €94,053 | €55,821 | -€38,232 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €11,131 | €5,599 | -€5,532 | -49.7% |
| Trade debts | 44 | €46,871 | €8,330 | -€38,541 | -82.2% |
| Suppliers | 440/4 | €46,871 | €8,330 | -€38,541 | -82.2% |
| Taxes, remuneration and social security | 45 | €35,380 | €41,892 | +€6,512 | +18.4% |
| Taxes | 450/3 | €35,380 | €41,892 | +€6,512 | +18.4% |
| Other amounts payable | 47/48 | €671 | - | -€671 | |
| Accrued charges and deferred income | 492/3 | - | €1,243 | +€1,243 | |
| Turnover | 70 | €71,706 | €91,366 | +€19,661 | +27.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,401 | €67,010 | +€11,608 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,194 | €15,194 | = | 0.0% |
| Other operating charges | 640/8 | €2,529 | €3,108 | +€580 | +22.9% |
| Gross operating margin | 9900 | €41,974 | €49,416 | +€7,442 | +17.7% |
| Operating profit (loss) | 9901 | €24,252 | €31,114 | +€6,863 | +28.3% |
| Financial income | 75/76B | - | €10,544 | +€10,544 | |
| Recurring financial income | 75 | - | €10,544 | +€10,544 | |
| Financial charges | 65/66B | €624 | €565 | -€58 | -9.4% |
| Recurring financial charges | 65 | €624 | €565 | -€58 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €23,628 | €41,093 | +€17,465 | +73.9% |
| Income taxes | 67/77 | €6,970 | €11,620 | +€4,650 | +66.7% |
| Profit (loss) for the period | 9904 | €16,658 | €29,473 | +€12,815 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,658 | €29,473 | +€12,815 | +76.9% |
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 25 October 2026 via checked.be.