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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.

What changed

Immo Gest

BE 0426.023.604
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,572
2024 · -€2,957-€2,615
Equity
€43,549
2024 · €49,121-€5,572
Cash
€2,192
2024 · €2,111+€81
Balance sheet total
€208,810
2024 · €217,625-€8,815

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€9,025

    down €9,025 (-4.3%), from €212,000 to €202,975

Equity and liabilities
  • Debts after one year -€39,167

    no longer reported in 2025 (was €39,167)

  • Other debts +€34,619

    up €34,619 (+27.3%), from €126,926 to €161,545

  • Profit (loss) carried forward -€5,572

    down €5,572 (-23.7%), from -€23,530 to -€29,102

Income statement
  • Other operating charges +€2,945

    new in 2025: €2,945

  • Write-downs -€2,802

    no longer reported in 2025 (was €2,802)

  • Gross operating margin -€1,979

    down €1,979 (-12.8%), from €15,435 to €13,456

  • Depreciation +€624

    up €624 (+4.4%), from €14,153 to €14,777

From the 2024 result to the 2025 result

effect on the 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 -€2,957
Gross operating margin -€1,979
Depreciation -€624
Write-downs +€2,802
Other operating charges -€2,945
Financial charges +€131
Result 2025 -€5,572

Cash bridge derived

cash 2024 to 2025

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 +€45,133
Investment -€5,752
Financing -€39,300
Cash 2024 €2,111
Net result for the year -€5,572
Depreciation +€14,777
Deferred charges and accrued income -€129
Trade debts +€1,438
Other debts +€34,619
Investment in fixed assets (net) -€5,752
Debts after one year -€39,167
Current portion of long-term debt -€134
Contributions, distributions and other -€0
Cash 2025 €2,192
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €217,625 €208,810 -€8,815 -4.1%
Fixed assets 21/28 €212,000 €202,975 -€9,025 -4.3%
Tangible fixed assets 22/27 €212,000 €202,975 -€9,025 -4.3%
Land and buildings 22 €212,000 €202,975 -€9,025 -4.3%
Current assets 29/58 €5,625 €5,835 +€210 +3.7%
Cash at bank and in hand 54/58 €2,111 €2,192 +€81 +3.9%
Deferred charges and accrued income 490/1 €3,514 €3,643 +€129 +3.7%
Total equity and liabilities 10/49 €217,625 €208,810 -€8,815 -4.1%
Equity 10/15 €49,121 €43,549 -€5,572 -11.3%
Contributions 10/11 €62,000 €62,000 = 0.0%
Reserves 13 €10,651 €10,651 -€0 0.0%
Distributable reserves 133 €10,651 €10,651 -€0 0.0%
Profit (loss) carried forward 14 -€23,530 -€29,102 -€5,572 -23.7%
Amounts payable 17/49 €168,504 €165,261 -€3,243 -1.9%
Amounts payable after more than one year 17 €39,167 - -€39,167
Financial debts 170/4 €39,167 - -€39,167
Amounts payable within one year 42/48 €129,338 €165,261 +€35,923 +27.8%
Current portion of amounts payable after more than one year 42 €2,286 €2,152 -€134 -5.8%
Trade debts 44 €126 €1,564 +€1,438 +1141.3%
Suppliers 440/4 €126 €1,564 +€1,438 +1141.3%
Other amounts payable 47/48 €126,926 €161,545 +€34,619 +27.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €14,153 €14,777 +€624 +4.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €2,802 - -€2,802
Other operating charges 640/8 - €2,945 +€2,945
Gross operating margin 9900 €15,435 €13,456 -€1,979 -12.8%
Operating profit (loss) 9901 -€1,521 -€4,266 -€2,745 -180.5%
Financial charges 65/66B €1,437 €1,306 -€131 -9.1%
Recurring financial charges 65 €1,437 €1,306 -€131 -9.1%
Profit (loss) for the period before taxes 9903 -€2,957 -€5,572 -€2,615 -88.4%
Profit (loss) for the period 9904 -€2,957 -€5,572 -€2,615 -88.4%
Profit (loss) for the period to be appropriated 9905 -€2,957 -€5,572 -€2,615 -88.4%

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.