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
- Cash +€95,398
up €95,398 (+731%), from €13,056 to €108,454
mainly Net result for the year (+€95,909) and Debts after one year (+€92,377)
- Receivables within one year +€81,403
up €81,403 (+3,406%), from €2,390 to €83,793
of which Other amounts receivable: +€80,480
- Tangible fixed assets -€59,718
down €59,718 (-7.2%), from €833,818 to €774,100
of which Land and buildings: -€93,784
- Profit (loss) carried forward +€121,384
up €121,384 (+30.5%), from -€398,053 to -€276,669
- Debts after one year +€92,377
up €92,377 (+16.0%), from €578,304 to €670,681
of which Financial debts: +€92,377
- Reserves -€76,423
no longer reported in 2025 (was €76,423)
- Provisions -€25,474
no longer reported in 2025 (was €25,474)
- Gross operating margin +€73,182
up €73,182 (+99.8%), from €73,327 to €146,509
- Depreciation -€44,769
down €44,769 (-35.5%), from €126,263 to €81,494
- Other operating charges +€3,903
up €3,903 (+36.2%), from €10,792 to €14,695
- Financial charges +€3,127
up €3,127 (+11.3%), from €27,773 to €30,899
- Financial income -€2,955
down €2,955 (-97.2%), from €3,041 to €86
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 | €849,294 | €966,377 | +€117,083 | +13.8% |
| Fixed assets | 21/28 | €833,848 | €774,130 | -€59,718 | -7.2% |
| Tangible fixed assets | 22/27 | €833,818 | €774,100 | -€59,718 | -7.2% |
| Land and buildings | 22 | €822,201 | €728,417 | -€93,784 | -11.4% |
| Plant, machinery and equipment | 23 | - | €3,140 | +€3,140 | |
| Furniture and vehicles | 24 | €9,937 | €41,705 | +€31,768 | +320% |
| Leasing and similar rights | 25 | €1,679 | €838 | -€842 | -50.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €15,446 | €192,247 | +€176,801 | +1,145% |
| Amounts receivable within one year | 40/41 | €2,390 | €83,793 | +€81,403 | +3,406% |
| Trade receivables | 40 | €529 | €1,452 | +€923 | +175% |
| Other amounts receivable | 41 | €1,861 | €82,341 | +€80,480 | +4,324% |
| Cash at bank and in hand | 54/58 | €13,056 | €108,454 | +€95,398 | +731% |
| Total equity and liabilities | 10/49 | €849,294 | €966,377 | +€117,083 | +13.8% |
| Equity | 10/15 | €147,647 | €192,608 | +€44,961 | +30.5% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Revaluation surpluses | 12 | €207,276 | €207,276 | = | 0.0% |
| Reserves | 13 | €76,423 | - | -€76,423 | |
| Tax-exempt reserves | 132 | €76,423 | - | -€76,423 | |
| Profit (loss) carried forward | 14 | -€398,053 | -€276,669 | +€121,384 | +30.5% |
| Provisions and deferred taxes | 16 | €25,474 | - | -€25,474 | |
| Deferred taxes | 168 | €25,474 | - | -€25,474 | |
| Amounts payable | 17/49 | €676,172 | €773,769 | +€97,597 | +14.4% |
| Amounts payable after more than one year | 17 | €578,304 | €670,681 | +€92,377 | +16.0% |
| Financial debts | 170/4 | €316,304 | €408,681 | +€92,377 | +29.2% |
| Other amounts payable | 178/9 | €262,000 | €262,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,868 | €103,088 | +€5,220 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €48,882 | €57,623 | +€8,741 | +17.9% |
| Trade debts | 44 | €29,911 | €32,965 | +€3,054 | +10.2% |
| Suppliers | 440/4 | €29,911 | €32,965 | +€3,054 | +10.2% |
| Other amounts payable | 47/48 | €19,075 | €12,500 | -€6,575 | -34.5% |
| Non-recurring operating income | 76A | - | €92,332 | +€92,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,263 | €81,494 | -€44,769 | -35.5% |
| Other operating charges | 640/8 | €10,792 | €14,695 | +€3,903 | +36.2% |
| Gross operating margin | 9900 | €73,327 | €146,509 | +€73,182 | +99.8% |
| Operating profit (loss) | 9901 | -€63,727 | €50,321 | +€114,048 | |
| Financial income | 75/76B | €3,041 | €86 | -€2,955 | -97.2% |
| Recurring financial income | 75 | €3,041 | €86 | -€2,955 | -97.2% |
| Financial charges | 65/66B | €27,773 | €30,899 | +€3,127 | +11.3% |
| Recurring financial charges | 65 | €27,773 | €30,899 | +€3,127 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€88,458 | €19,508 | +€107,966 | |
| Transfer from deferred taxes | 780 | €2,596 | €76,423 | +€73,827 | +2,844% |
| Income taxes | 67/77 | - | €22 | +€22 | |
| Profit (loss) for the period | 9904 | -€85,862 | €95,909 | +€181,772 | |
| Transfer from tax-exempt reserves | 789 | €865 | €25,475 | +€24,610 | +2,844% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,997 | €121,384 | +€206,381 |
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.