IMMO GEVACO: 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 GEVACO
Largest movements
- Tangible fixed assets -€13,025
down €13,025 (-4.2%), from €313,435 to €300,410
- Debts after one year -€24,868
down €24,868 (-9.0%), from €277,696 to €252,829
of which Financial debts: -€25,781
- Reserves +€8,225
up €8,225 (+25.3%), from €32,466 to €40,692
- Gross operating margin -€2,293
down €2,293 (-6.9%), from €33,379 to €31,085
- Taxes -€648
down €648 (-17.9%), from €3,613 to €2,965
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 | €346,029 | €332,121 | -€13,908 | -4.0% |
| Fixed assets | 21/28 | €313,435 | €300,410 | -€13,025 | -4.2% |
| Tangible fixed assets | 22/27 | €313,435 | €300,410 | -€13,025 | -4.2% |
| Land and buildings | 22 | €313,435 | €300,410 | -€13,025 | -4.2% |
| Current assets | 29/58 | €32,594 | €31,711 | -€883 | -2.7% |
| Amounts receivable within one year | 40/41 | €31,740 | €28,740 | -€3,000 | -9.5% |
| Trade receivables | 40 | €31,740 | €28,740 | -€3,000 | -9.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €854 | €2,971 | +€2,117 | +247.9% |
| Total equity and liabilities | 10/49 | €346,029 | €332,121 | -€13,908 | -4.0% |
| Equity | 10/15 | €38,666 | €46,892 | +€8,225 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,466 | €40,692 | +€8,225 | +25.3% |
| Distributable reserves | 133 | €32,466 | €40,692 | +€8,225 | +25.3% |
| Amounts payable | 17/49 | €307,363 | €285,230 | -€22,133 | -7.2% |
| Amounts payable after more than one year | 17 | €277,696 | €252,829 | -€24,868 | -9.0% |
| Financial debts | 170/4 | €233,198 | €207,417 | -€25,781 | -11.1% |
| Other amounts payable | 178/9 | €44,498 | €45,412 | +€914 | +2.1% |
| Amounts payable within one year | 42/48 | €29,667 | €32,401 | +€2,734 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €25,431 | €25,781 | +€350 | +1.4% |
| Trade debts | 44 | €623 | €42 | -€581 | -93.3% |
| Suppliers | 440/4 | €623 | €42 | -€581 | -93.3% |
| Taxes, remuneration and social security | 45 | €3,613 | €6,578 | +€2,965 | +82.1% |
| Taxes | 450/3 | €3,613 | €6,578 | +€2,965 | +82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,025 | €13,025 | = | 0.0% |
| Other operating charges | 640/8 | €1,953 | €2,047 | +€94 | +4.8% |
| Gross operating margin | 9900 | €33,379 | €31,085 | -€2,293 | -6.9% |
| Operating profit (loss) | 9901 | €18,401 | €16,013 | -€2,388 | -13.0% |
| Financial charges | 65/66B | €5,144 | €4,823 | -€321 | -6.2% |
| Recurring financial charges | 65 | €5,144 | €4,823 | -€321 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €13,257 | €11,190 | -€2,067 | -15.6% |
| Income taxes | 67/77 | €3,613 | €2,965 | -€648 | -17.9% |
| Profit (loss) for the period | 9904 | €9,645 | €8,225 | -€1,419 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,645 | €8,225 | -€1,419 | -14.7% |
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 6 October 2026 via checked.be.