IMMO GEVARO: 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 GEVARO
Largest movements
- Tangible fixed assets -€34,207
down €34,207 (-7.2%), from €473,887 to €439,681
of which Land and buildings: -€29,159
- Cash +€8,436
up €8,436 (+7.9%), from €107,329 to €115,766
mainly Depreciation (+€34,207) and Trade debts (+€2,056)
- Other debts -€18,625
down €18,625 (-30.2%), from €61,596 to €42,971
- Gross operating margin -€1,745
down €1,745 (-3.3%), from €53,649 to €51,904
- Taxes -€1,081
down €1,081 (-41.6%), from €2,600 to €1,519
- Financial charges +€745
up €745 (+1,355%), from €55 to €800
- Other operating charges +€732
up €732 (+6.5%), from €11,195 to €11,927
- Depreciation +€655
up €655 (+2.0%), from €33,552 to €34,207
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 | €597,281 | €576,011 | -€21,270 | -3.6% |
| Fixed assets | 21/28 | €473,887 | €439,681 | -€34,207 | -7.2% |
| Tangible fixed assets | 22/27 | €473,887 | €439,681 | -€34,207 | -7.2% |
| Land and buildings | 22 | €446,247 | €417,088 | -€29,159 | -6.5% |
| Plant, machinery and equipment | 23 | €27,640 | €22,592 | -€5,048 | -18.3% |
| Current assets | 29/58 | €123,394 | €136,330 | +€12,936 | +10.5% |
| Amounts receivable within one year | 40/41 | €16,064 | €20,564 | +€4,500 | +28.0% |
| Other amounts receivable | 41 | €16,064 | €20,564 | +€4,500 | +28.0% |
| Cash at bank and in hand | 54/58 | €107,329 | €115,766 | +€8,436 | +7.9% |
| Total equity and liabilities | 10/49 | €597,281 | €576,011 | -€21,270 | -3.6% |
| Equity | 10/15 | €508,037 | €506,263 | -€1,774 | -0.3% |
| Contributions | 10/11 | €286,293 | €286,293 | = | 0.0% |
| Capital | 10 | €286,293 | €286,293 | = | 0.0% |
| Issued capital | 100 | €286,293 | €286,293 | = | 0.0% |
| Reserves | 13 | €221,744 | €219,971 | -€1,774 | -0.8% |
| Non-distributable reserves | 130/1 | €43,629 | €43,629 | = | 0.0% |
| Legal reserve | 130 | €43,629 | €43,629 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,178 | €53,252 | -€6,926 | -11.5% |
| Distributable reserves | 133 | €117,937 | €123,090 | +€5,153 | +4.4% |
| Provisions and deferred taxes | 16 | €25,669 | €22,741 | -€2,928 | -11.4% |
| Deferred taxes | 168 | €25,669 | €22,741 | -€2,928 | -11.4% |
| Amounts payable | 17/49 | €63,576 | €47,007 | -€16,569 | -26.1% |
| Amounts payable within one year | 42/48 | €63,576 | €47,007 | -€16,569 | -26.1% |
| Trade debts | 44 | €1,979 | €4,035 | +€2,056 | +104% |
| Suppliers | 440/4 | €1,979 | €4,035 | +€2,056 | +104% |
| Other amounts payable | 47/48 | €61,596 | €42,971 | -€18,625 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,552 | €34,207 | +€655 | +2.0% |
| Other operating charges | 640/8 | €11,195 | €11,927 | +€732 | +6.5% |
| Non-recurring operating charges | 66A | - | €8,217 | +€8,217 | |
| Gross operating margin | 9900 | €53,649 | €51,904 | -€1,745 | -3.3% |
| Operating profit (loss) | 9901 | €8,902 | -€2,446 | -€11,348 | |
| Financial income | 75/76B | - | €64 | +€64 | |
| Recurring financial income | 75 | - | €64 | +€64 | |
| Non-recurring financial income | 76B | - | €64 | +€64 | |
| Financial charges | 65/66B | €55 | €800 | +€745 | +1,355% |
| Recurring financial charges | 65 | €55 | €800 | +€745 | +1,355% |
| Profit (loss) for the period before taxes | 9903 | €8,847 | -€3,182 | -€12,029 | |
| Transfer from deferred taxes | 780 | €2,973 | €2,928 | -€45 | -1.5% |
| Income taxes | 67/77 | €2,600 | €1,519 | -€1,081 | -41.6% |
| Profit (loss) for the period | 9904 | €9,220 | -€1,774 | -€10,993 | |
| Transfer from tax-exempt reserves | 789 | €6,926 | €6,926 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,146 | €5,153 | -€10,993 | -68.1% |
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 19 October 2026 via checked.be.