IMMO GILBERT: 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 GILBERT
Largest movements
- Cash -€96,424
down €96,424 (-92.2%), from €104,632 to €8,208
mainly Current investments (-€85,000) and Investment in fixed assets (net) (-€15,438)
- Current investments +€85,000
new in 2025: €85,000
- Other debts -€9,532
down €9,532 (-6.4%), from €148,821 to €139,288
- Gross operating margin -€3,971
down €3,971 (-10.4%), from €38,194 to €34,223
- Taxes -€1,780
down €1,780 (-72.0%), from €2,473 to €692
- Financial charges -€1,728
down €1,728 (-14.4%), from €11,970 to €10,241
- Depreciation +€1,555
up €1,555 (+10.5%), from €14,788 to €16,343
- Financial income -€443
down €443 (-26.2%), from €1,691 to €1,247
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 | €548,197 | €536,408 | -€11,788 | -2.2% |
| Fixed assets | 21/28 | €439,003 | €438,097 | -€905 | -0.2% |
| Tangible fixed assets | 22/27 | €439,003 | €438,097 | -€905 | -0.2% |
| Land and buildings | 22 | €384,939 | €384,825 | -€114 | 0.0% |
| Plant, machinery and equipment | 23 | €20,811 | €17,690 | -€3,121 | -15.0% |
| Furniture and vehicles | 24 | €33,253 | €35,582 | +€2,329 | +7.0% |
| Current assets | 29/58 | €109,194 | €98,311 | -€10,883 | -10.0% |
| Amounts receivable within one year | 40/41 | €4,562 | €5,103 | +€541 | +11.9% |
| Trade receivables | 40 | €4,562 | €5,103 | +€541 | +11.9% |
| Current investments | 50/53 | - | €85,000 | +€85,000 | |
| Cash at bank and in hand | 54/58 | €104,632 | €8,208 | -€96,424 | -92.2% |
| Total equity and liabilities | 10/49 | €548,197 | €536,408 | -€11,788 | -2.2% |
| Equity | 10/15 | €385,235 | €387,741 | +€2,506 | +0.7% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €303,430 | €305,937 | +€2,506 | +0.8% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Distributable reserves | 133 | €295,250 | €297,756 | +€2,506 | +0.8% |
| Amounts payable | 17/49 | €162,962 | €148,667 | -€14,295 | -8.8% |
| Amounts payable after more than one year | 17 | €1,040 | €1,040 | = | 0.0% |
| Other amounts payable | 178/9 | €1,040 | €1,040 | = | 0.0% |
| Amounts payable within one year | 42/48 | €161,922 | €146,887 | -€15,035 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €3,508 | - | -€3,508 | |
| Trade debts | 44 | €2,388 | €320 | -€2,068 | -86.6% |
| Suppliers | 440/4 | €2,388 | €320 | -€2,068 | -86.6% |
| Taxes, remuneration and social security | 45 | €7,204 | €7,279 | +€75 | +1.0% |
| Taxes | 450/3 | €7,204 | €7,279 | +€75 | +1.0% |
| Other amounts payable | 47/48 | €148,821 | €139,288 | -€9,532 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €740 | +€740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,788 | €16,343 | +€1,555 | +10.5% |
| Other operating charges | 640/8 | €6,006 | €5,688 | -€319 | -5.3% |
| Gross operating margin | 9900 | €38,194 | €34,223 | -€3,971 | -10.4% |
| Operating profit (loss) | 9901 | €17,399 | €12,192 | -€5,207 | -29.9% |
| Financial income | 75/76B | €1,691 | €1,247 | -€443 | -26.2% |
| Recurring financial income | 75 | €1,691 | €1,247 | -€443 | -26.2% |
| Financial charges | 65/66B | €11,970 | €10,241 | -€1,728 | -14.4% |
| Recurring financial charges | 65 | €11,970 | €10,241 | -€1,728 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €7,120 | €3,198 | -€3,922 | -55.1% |
| Income taxes | 67/77 | €2,473 | €692 | -€1,780 | -72.0% |
| Profit (loss) for the period | 9904 | €4,648 | €2,506 | -€2,141 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,648 | €2,506 | -€2,141 | -46.1% |
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 16 October 2026 via checked.be.