Immo Gevan: 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 Gevan
Largest movements
- Stocks and contracts +€4.2m
up €4.2m (+93.8%), from €4.4m to €8.6m
- Tangible fixed assets -€233,765
down €233,765 (-8.6%), from €2.7m to €2.5m
- Debts after one year +€3.5m
new in 2024: €3.5m
- Short-term financial debts -€493,608
down €493,608 (-90.8%), from €543,750 to €50,142
- Other debts +€491,415
up €491,415 (+22.7%), from €2.2m to €2.7m
- Reserves +€278,285
up €278,285 (+4.5%), from €6.1m to €6.4m
of which Distributable reserves: +€280,153
- Accrued charges and deferred income +€138,977
up €138,977 (+179.6%), from €77,368 to €216,345
- Other operating charges +€24,167
up €24,167 (+21.0%), from €114,821 to €138,988
- Financial charges +€23,336
up €23,336 (+25.6%), from €91,051 to €114,387
- Financial income -€22,347
down €22,347 (-57.2%), from €39,057 to €16,710
- Taxes -€20,669
down €20,669 (-17.5%), from €117,964 to €97,295
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,596,917 | €13,464,395 | +€3.9m | +40.3% |
| Fixed assets | 21/28 | €3,882,396 | €3,648,630 | -€233,765 | -6.0% |
| Tangible fixed assets | 22/27 | €2,706,013 | €2,472,248 | -€233,765 | -8.6% |
| Land and buildings | 22 | €2,706,013 | €2,472,248 | -€233,765 | -8.6% |
| Financial fixed assets | 28 | €1,176,382 | €1,176,382 | = | 0.0% |
| Current assets | 29/58 | €5,714,521 | €9,815,765 | +€4.1m | +71.8% |
| Stocks and contracts in progress | 3 | €4,437,245 | €8,598,893 | +€4.2m | +93.8% |
| Stocks | 30/36 | €4,437,245 | €8,598,893 | +€4.2m | +93.8% |
| Amounts receivable within one year | 40/41 | €1,221,466 | €1,164,004 | -€57,462 | -4.7% |
| Trade receivables | 40 | €312,067 | €409,441 | +€97,374 | +31.2% |
| Other amounts receivable | 41 | €909,399 | €754,563 | -€154,836 | -17.0% |
| Cash at bank and in hand | 54/58 | €26,376 | €23,157 | -€3,219 | -12.2% |
| Deferred charges and accrued income | 490/1 | €29,434 | €29,711 | +€277 | +0.9% |
| Total equity and liabilities | 10/49 | €9,596,917 | €13,464,395 | +€3.9m | +40.3% |
| Equity | 10/15 | €6,676,042 | €6,954,326 | +€278,285 | +4.2% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €6,126,042 | €6,404,326 | +€278,285 | +4.5% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,322 | €17,454 | -€1,868 | -9.7% |
| Distributable reserves | 133 | €6,051,720 | €6,331,872 | +€280,153 | +4.6% |
| Provisions and deferred taxes | 16 | €3,847 | €2,885 | -€962 | -25.0% |
| Deferred taxes | 168 | €3,847 | €2,885 | -€962 | -25.0% |
| Amounts payable | 17/49 | €2,917,028 | €6,507,183 | +€3.6m | +123.1% |
| Amounts payable after more than one year | 17 | - | €3,482,700 | +€3.5m | |
| Financial debts | 170/4 | - | €3,482,700 | +€3.5m | |
| Amounts payable within one year | 42/48 | €2,839,660 | €2,808,138 | -€31,522 | -1.1% |
| Financial debts | 43 | €543,750 | €50,142 | -€493,608 | -90.8% |
| Credit institutions | 430/8 | €543,750 | €50,142 | -€493,608 | -90.8% |
| Trade debts | 44 | €41,540 | €51,108 | +€9,567 | +23.0% |
| Suppliers | 440/4 | €41,540 | €51,108 | +€9,567 | +23.0% |
| Taxes, remuneration and social security | 45 | €89,179 | €50,281 | -€38,897 | -43.6% |
| Taxes | 450/3 | €89,179 | €50,281 | -€38,897 | -43.6% |
| Other amounts payable | 47/48 | €2,165,192 | €2,656,607 | +€491,415 | +22.7% |
| Accrued charges and deferred income | 492/3 | €77,368 | €216,345 | +€138,977 | +179.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,765 | €233,765 | = | 0.0% |
| Other operating charges | 640/8 | €114,821 | €138,988 | +€24,167 | +21.0% |
| Gross operating margin | 9900 | €842,743 | €845,049 | +€2,306 | +0.3% |
| Operating profit (loss) | 9901 | €494,156 | €472,296 | -€21,861 | -4.4% |
| Financial income | 75/76B | €39,057 | €16,710 | -€22,347 | -57.2% |
| Recurring financial income | 75 | €39,057 | €16,710 | -€22,347 | -57.2% |
| Financial charges | 65/66B | €91,051 | €114,387 | +€23,336 | +25.6% |
| Recurring financial charges | 65 | €91,051 | €114,387 | +€23,336 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €442,162 | €374,618 | -€67,544 | -15.3% |
| Transfer from deferred taxes | 780 | €962 | €962 | = | 0.0% |
| Income taxes | 67/77 | €117,964 | €97,295 | -€20,669 | -17.5% |
| Profit (loss) for the period | 9904 | €325,160 | €278,285 | -€46,875 | -14.4% |
| Transfer from tax-exempt reserves | 789 | €1,868 | €1,868 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €327,028 | €280,153 | -€46,875 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.