IMMO GILLES: 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 GILLES
Largest movements
- Receivables within one year -€88,778
down €88,778 (-90.5%), from €98,049 to €9,272
- Tangible fixed assets -€33,122
down €33,122 (-4.4%), from €747,345 to €714,223
- Cash +€10,715
up €10,715 (+647%), from €1,657 to €12,372
mainly Receivables within one year (+€88,778) and Depreciation (+€33,122)
- Other debts -€127,618
down €127,618 (-30.6%), from €417,704 to €290,086
- Reserves +€19,276
up €19,276 (+5.2%), from €367,538 to €386,815
of which Distributable reserves: +€19,276
- Financial charges -€3,439
down €3,439 (-25.5%), from €13,507 to €10,068
- Financial income -€1,632
down €1,632 (-31.2%), from €5,226 to €3,595
- Gross operating margin -€1,335
down €1,335 (-1.6%), from €82,750 to €81,415
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 | €848,014 | €743,421 | -€104,593 | -12.3% |
| Fixed assets | 21/28 | €747,345 | €714,223 | -€33,122 | -4.4% |
| Tangible fixed assets | 22/27 | €747,345 | €714,223 | -€33,122 | -4.4% |
| Land and buildings | 22 | €747,345 | €714,223 | -€33,122 | -4.4% |
| Current assets | 29/58 | €100,669 | €29,198 | -€71,471 | -71.0% |
| Amounts receivable within one year | 40/41 | €98,049 | €9,272 | -€88,778 | -90.5% |
| Other amounts receivable | 41 | €98,049 | €9,272 | -€88,778 | -90.5% |
| Cash at bank and in hand | 54/58 | €1,657 | €12,372 | +€10,715 | +647% |
| Deferred charges and accrued income | 490/1 | €964 | €7,555 | +€6,591 | +684% |
| Total equity and liabilities | 10/49 | €848,014 | €743,421 | -€104,593 | -12.3% |
| Equity | 10/15 | €429,538 | €448,815 | +€19,276 | +4.5% |
| 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% |
| Reserves | 13 | €367,538 | €386,815 | +€19,276 | +5.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €361,338 | €380,615 | +€19,276 | +5.3% |
| Amounts payable | 17/49 | €418,476 | €294,606 | -€123,870 | -29.6% |
| Amounts payable within one year | 42/48 | €418,476 | €290,356 | -€128,120 | -30.6% |
| Trade debts | 44 | €321 | - | -€321 | |
| Suppliers | 440/4 | €321 | - | -€321 | |
| Taxes, remuneration and social security | 45 | €451 | €270 | -€181 | -40.1% |
| Taxes | 450/3 | €451 | €270 | -€181 | -40.1% |
| Other amounts payable | 47/48 | €417,704 | €290,086 | -€127,618 | -30.6% |
| Accrued charges and deferred income | 492/3 | - | €4,250 | +€4,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,886 | €33,122 | -€764 | -2.3% |
| Other operating charges | 640/8 | €13,138 | €13,548 | +€410 | +3.1% |
| Gross operating margin | 9900 | €82,750 | €81,415 | -€1,335 | -1.6% |
| Operating profit (loss) | 9901 | €35,727 | €34,745 | -€982 | -2.7% |
| Financial income | 75/76B | €5,226 | €3,595 | -€1,632 | -31.2% |
| Recurring financial income | 75 | €5,226 | €3,595 | -€1,632 | -31.2% |
| Financial charges | 65/66B | €13,507 | €10,068 | -€3,439 | -25.5% |
| Recurring financial charges | 65 | €13,507 | €10,068 | -€3,439 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €27,446 | €28,272 | +€826 | +3.0% |
| Income taxes | 67/77 | €8,733 | €8,996 | +€263 | +3.0% |
| Profit (loss) for the period | 9904 | €18,713 | €19,276 | +€563 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,713 | €19,276 | +€563 | +3.0% |
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 22 October 2026 via checked.be.