IMMO GEVRO: 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 GEVRO
Largest movements
- Cash -€144,629
down €144,629 (-71.3%), from €202,772 to €58,142
mainly Net result for the year (-€85,750) and Current portion of long-term debt (-€36,608)
- Tangible fixed assets -€29,537
down €29,537 (-3.6%), from €809,410 to €779,873
of which Land and buildings: -€27,348
- Reserves -€79,986
down €79,986 (-10.2%), from €781,277 to €701,292
of which Distributable reserves: -€79,986
- Current portion of long-term debt -€36,608
down €36,608 (-53.7%), from €68,169 to €31,561
- Debts after one year -€31,561
no longer reported in 2025 (was €31,561)
- Gross operating margin +€24,050
up €24,050 (+52.2%), from -€46,085 to -€22,035
- Taxes +€15,382
up €15,382 (+3,867%), from €398 to €15,780
- Other operating charges -€12,172
down €12,172 (-71.9%), from €16,932 to €4,760
- Financial charges -€4,748
down €4,748 (-28.0%), from €16,954 to €12,205
- Depreciation -€1,236
down €1,236 (-3.6%), from €34,757 to €33,522
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 | €1,106,371 | €922,646 | -€183,725 | -16.6% |
| Fixed assets | 21/28 | €809,410 | €779,873 | -€29,537 | -3.6% |
| Tangible fixed assets | 22/27 | €809,410 | €779,873 | -€29,537 | -3.6% |
| Land and buildings | 22 | €805,233 | €777,885 | -€27,348 | -3.4% |
| Plant, machinery and equipment | 23 | €2,088 | €1,308 | -€780 | -37.3% |
| Furniture and vehicles | 24 | €2,088 | €679 | -€1,409 | -67.5% |
| Current assets | 29/58 | €296,962 | €142,773 | -€154,188 | -51.9% |
| Amounts receivable within one year | 40/41 | €76,619 | €66,360 | -€10,259 | -13.4% |
| Trade receivables | 40 | €27,158 | €13,780 | -€13,378 | -49.3% |
| Other amounts receivable | 41 | €49,461 | €52,580 | +€3,119 | +6.3% |
| Cash at bank and in hand | 54/58 | €202,772 | €58,142 | -€144,629 | -71.3% |
| Deferred charges and accrued income | 490/1 | €17,571 | €18,271 | +€700 | +4.0% |
| Total equity and liabilities | 10/49 | €1,106,371 | €922,646 | -€183,725 | -16.6% |
| Equity | 10/15 | €964,319 | €878,570 | -€85,750 | -8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €121,042 | €115,278 | -€5,764 | -4.8% |
| Reserves | 13 | €781,277 | €701,292 | -€79,986 | -10.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €775,077 | €695,092 | -€79,986 | -10.3% |
| Amounts payable | 17/49 | €142,052 | €44,077 | -€97,976 | -69.0% |
| Amounts payable after more than one year | 17 | €31,561 | - | -€31,561 | |
| Financial debts | 170/4 | €31,561 | - | -€31,561 | |
| Amounts payable within one year | 42/48 | €105,217 | €44,077 | -€61,140 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €68,169 | €31,561 | -€36,608 | -53.7% |
| Financial debts | 43 | €14,973 | €4,348 | -€10,625 | -71.0% |
| Credit institutions | 430/8 | €14,973 | €4,348 | -€10,625 | -71.0% |
| Trade debts | 44 | €6,519 | €4,084 | -€2,434 | -37.3% |
| Suppliers | 440/4 | €6,519 | €4,084 | -€2,434 | -37.3% |
| Taxes, remuneration and social security | 45 | €14,626 | €4,083 | -€10,543 | -72.1% |
| Taxes | 450/3 | €14,626 | €4,083 | -€10,543 | -72.1% |
| Other amounts payable | 47/48 | €930 | - | -€930 | |
| Accrued charges and deferred income | 492/3 | €5,274 | - | -€5,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,757 | €33,522 | -€1,236 | -3.6% |
| Other operating charges | 640/8 | €16,932 | €4,760 | -€12,172 | -71.9% |
| Gross operating margin | 9900 | -€46,085 | -€22,035 | +€24,050 | +52.2% |
| Operating profit (loss) | 9901 | -€97,774 | -€60,316 | +€37,458 | +38.3% |
| Financial income | 75/76B | €1,837 | €2,552 | +€715 | +38.9% |
| Recurring financial income | 75 | €1,837 | €2,552 | +€715 | +38.9% |
| Financial charges | 65/66B | €16,954 | €12,205 | -€4,748 | -28.0% |
| Recurring financial charges | 65 | €16,954 | €12,205 | -€4,748 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€112,891 | -€69,970 | +€42,921 | +38.0% |
| Income taxes | 67/77 | €398 | €15,780 | +€15,382 | +3,867% |
| Profit (loss) for the period | 9904 | -€113,289 | -€85,750 | +€27,539 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,289 | -€85,750 | +€27,539 | +24.3% |
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 14 October 2026 via checked.be.