IMMO GH: 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 GH
Largest movements
- Cash +€16,123
up €16,123 (+44.8%), from €35,984 to €52,107
mainly Depreciation (+€30,991) and Net result for the year (+€25,286)
- Tangible fixed assets -€9,453
down €9,453 (-1.4%), from €677,924 to €668,471
- Reserves +€25,286
up €25,286 (+9.0%), from €280,974 to €306,260
of which Distributable reserves: +€29,261
- Debts after one year -€19,685
down €19,685 (-6.4%), from €308,615 to €288,930
- Gross operating margin +€13,993
up €13,993 (+19.3%), from €72,536 to €86,529
- Taxes +€1,286
up €1,286 (+78.5%), from €1,640 to €2,926
- Depreciation -€1,137
down €1,137 (-3.5%), from €32,127 to €30,991
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 | €717,008 | €729,908 | +€12,900 | +1.8% |
| Fixed assets | 21/28 | €677,924 | €668,471 | -€9,453 | -1.4% |
| Tangible fixed assets | 22/27 | €677,924 | €668,471 | -€9,453 | -1.4% |
| Land and buildings | 22 | €677,924 | €668,471 | -€9,453 | -1.4% |
| Current assets | 29/58 | €39,084 | €61,437 | +€22,353 | +57.2% |
| Amounts receivable within one year | 40/41 | - | €1,580 | +€1,580 | |
| Trade receivables | 40 | - | €1,580 | +€1,580 | |
| Cash at bank and in hand | 54/58 | €35,984 | €52,107 | +€16,123 | +44.8% |
| Deferred charges and accrued income | 490/1 | €3,100 | €7,750 | +€4,650 | +150.0% |
| Total equity and liabilities | 10/49 | €717,008 | €729,908 | +€12,900 | +1.8% |
| Equity | 10/15 | €343,974 | €369,260 | +€25,286 | +7.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €280,974 | €306,260 | +€25,286 | +9.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,097 | €123,122 | -€3,975 | -3.1% |
| Distributable reserves | 133 | €147,577 | €176,838 | +€29,261 | +19.8% |
| Provisions and deferred taxes | 16 | €42,366 | €41,041 | -€1,325 | -3.1% |
| Deferred taxes | 168 | €42,366 | €41,041 | -€1,325 | -3.1% |
| Amounts payable | 17/49 | €330,668 | €319,607 | -€11,061 | -3.3% |
| Amounts payable after more than one year | 17 | €308,615 | €288,930 | -€19,685 | -6.4% |
| Financial debts | 170/4 | €308,615 | €288,930 | -€19,685 | -6.4% |
| Amounts payable within one year | 42/48 | €22,053 | €29,592 | +€7,538 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €20,414 | €21,288 | +€874 | +4.3% |
| Taxes, remuneration and social security | 45 | €1,640 | €8,304 | +€6,664 | +406.4% |
| Taxes | 450/3 | €1,640 | €8,304 | +€6,664 | +406.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,086 | +€1,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,127 | €30,991 | -€1,137 | -3.5% |
| Other operating charges | 640/8 | €13,288 | €13,953 | +€665 | +5.0% |
| Gross operating margin | 9900 | €72,536 | €86,529 | +€13,993 | +19.3% |
| Operating profit (loss) | 9901 | €27,120 | €41,585 | +€14,465 | +53.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €14,385 | €14,698 | +€313 | +2.2% |
| Recurring financial charges | 65 | €14,385 | €14,698 | +€313 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €12,736 | €26,887 | +€14,151 | +111.1% |
| Transfer from deferred taxes | 780 | €1,325 | €1,325 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,640 | €2,926 | +€1,286 | +78.5% |
| Profit (loss) for the period | 9904 | €12,421 | €25,286 | +€12,864 | +103.6% |
| Transfer from tax-exempt reserves | 789 | €3,975 | €3,975 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €16,396 | €29,261 | +€12,864 | +78.5% |
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.