IMMO GEST: 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 GEST
Largest movements
- Cash -€263,863
down €263,863 (-52.2%), from €505,762 to €241,899
mainly Debts after one year (-€314,060) and Investment in fixed assets (net) (-€47,277)
- Receivables within one year +€12,000
new in 2025: €12,000
- Debts after one year -€314,060
down €314,060 (-87.2%), from €360,089 to €46,029
- Profit (loss) carried forward +€97,032
up €97,032 (+1210.6%), from €8,015 to €105,048
- Current portion of long-term debt -€26,075
no longer reported in 2025 (was €26,075)
- Accrued charges and deferred income -€11,376
no longer reported in 2025 (was €11,376)
- Gross operating margin +€71,206
up €71,206 (+61.1%), from €116,518 to €187,724
- Depreciation +€17,023
up €17,023 (+75.3%), from €22,602 to €39,624
- Taxes -€8,446
down €8,446 (-43.5%), from €19,398 to €10,952
- Financial charges -€4,052
down €4,052 (-50.4%), from €8,045 to €3,993
of which Financial charges: -€3,972
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 | €936,105 | €684,019 | -€252,086 | -26.9% |
| Fixed assets | 21/28 | €329,076 | €336,729 | +€7,652 | +2.3% |
| Tangible fixed assets | 22/27 | €319,916 | €327,568 | +€7,652 | +2.4% |
| Land and buildings | 22 | €319,366 | €327,201 | +€7,836 | +2.5% |
| Furniture and vehicles | 24 | €550 | €367 | -€183 | -33.3% |
| Financial fixed assets | 28 | €9,160 | €9,160 | = | 0.0% |
| Current assets | 29/58 | €607,029 | €347,291 | -€259,738 | -42.8% |
| Amounts receivable after more than one year | 29 | €90,144 | €90,144 | = | 0.0% |
| Other amounts receivable | 291 | €90,144 | €90,144 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €12,000 | +€12,000 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €505,762 | €241,899 | -€263,863 | -52.2% |
| Deferred charges and accrued income | 490/1 | €11,123 | €3,248 | -€7,875 | -70.8% |
| Total equity and liabilities | 10/49 | €936,105 | €684,019 | -€252,086 | -26.9% |
| Equity | 10/15 | €493,249 | €590,282 | +€97,032 | +19.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €237,340 | €237,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,099 | €43,099 | = | 0.0% |
| Legal reserve | 130 | €43,099 | €43,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,191 | €94,191 | = | 0.0% |
| Distributable reserves | 133 | €100,051 | €100,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,015 | €105,048 | +€97,032 | +1210.6% |
| Amounts payable | 17/49 | €442,856 | €93,738 | -€349,118 | -78.8% |
| Amounts payable after more than one year | 17 | €360,089 | €46,029 | -€314,060 | -87.2% |
| Financial debts | 170/4 | €360,089 | €46,029 | -€314,060 | -87.2% |
| Amounts payable within one year | 42/48 | €71,391 | €47,709 | -€23,682 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €26,075 | - | -€26,075 | |
| Trade debts | 44 | €22,784 | €22,511 | -€273 | -1.2% |
| Suppliers | 440/4 | €22,784 | €22,511 | -€273 | -1.2% |
| Taxes, remuneration and social security | 45 | €3,600 | €3,600 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | €18,932 | €21,598 | +€2,666 | +14.1% |
| Accrued charges and deferred income | 492/3 | €11,376 | - | -€11,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,602 | €39,624 | +€17,023 | +75.3% |
| Other operating charges | 640/8 | €39,306 | €40,826 | +€1,521 | +3.9% |
| Gross operating margin | 9900 | €116,518 | €187,724 | +€71,206 | +61.1% |
| Operating profit (loss) | 9901 | €54,611 | €107,274 | +€52,663 | +96.4% |
| Financial income | 75/76B | €3,348 | €4,703 | +€1,355 | +40.5% |
| Recurring financial income | 75 | €1,327 | €3,159 | +€1,832 | +138.0% |
| Non-recurring financial income | 76B | €2,021 | €1,544 | -€477 | -23.6% |
| Financial charges | 65/66B | €8,045 | €3,993 | -€4,052 | -50.4% |
| Recurring financial charges | 65 | €7,965 | €3,993 | -€3,972 | -49.9% |
| Non-recurring financial charges | 66B | €80 | - | -€80 | |
| Profit (loss) for the period before taxes | 9903 | €49,914 | €107,984 | +€58,071 | +116.3% |
| Income taxes | 67/77 | €19,398 | €10,952 | -€8,446 | -43.5% |
| Profit (loss) for the period | 9904 | €30,516 | €97,032 | +€66,517 | +218.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,516 | €97,032 | +€66,517 | +218.0% |
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 29 September 2026 via checked.be.