IMMO GILLIS: 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 GILLIS
Largest movements
- Cash -€11,653
down €11,653 (-61.2%), from €19,048 to €7,394
mainly Net result for the year (-€10,705) and Other debts (-€1,895)
- Reserves -€10,705
down €10,705 (-2.3%), from €464,162 to €453,457
of which Distributable reserves: -€10,705
- Gross operating margin -€25,617
down €25,617, from €8,841 to -€16,775
- Financial charges -€15,006
down €15,006 (-89.6%), from €16,747 to €1,740
- Depreciation -€312
down €312 (-44.3%), from €704 to €392
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 | €580,014 | €569,761 | -€10,253 | -1.8% |
| Fixed assets | 21/28 | €1,047 | €656 | -€392 | -37.4% |
| Tangible fixed assets | 22/27 | €1,047 | €656 | -€392 | -37.4% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,047 | €656 | -€392 | -37.4% |
| Current assets | 29/58 | €578,967 | €569,106 | -€9,861 | -1.7% |
| Amounts receivable after more than one year | 29 | €335,000 | €335,000 | = | 0.0% |
| Other amounts receivable | 291 | €335,000 | €335,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €222,791 | €224,174 | +€1,383 | +0.6% |
| Stocks | 30/36 | €222,791 | €224,174 | +€1,383 | +0.6% |
| Amounts receivable within one year | 40/41 | €1,009 | €2,537 | +€1,528 | +151.5% |
| Other amounts receivable | 41 | €1,009 | €2,537 | +€1,528 | +151.5% |
| Cash at bank and in hand | 54/58 | €19,048 | €7,394 | -€11,653 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,119 | €0 | -€1,119 | -100.0% |
| Total equity and liabilities | 10/49 | €580,014 | €569,761 | -€10,253 | -1.8% |
| Equity | 10/15 | €470,367 | €459,662 | -€10,705 | -2.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €464,162 | €453,457 | -€10,705 | -2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €462,302 | €451,597 | -€10,705 | -2.3% |
| Amounts payable | 17/49 | €109,647 | €110,099 | +€452 | +0.4% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Other amounts payable | 178/9 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,647 | €5,099 | +€452 | +9.7% |
| Financial debts | 43 | €275 | €0 | -€275 | -100.0% |
| Credit institutions | 430/8 | €275 | €0 | -€275 | -100.0% |
| Trade debts | 44 | €1,353 | €1,882 | +€529 | +39.1% |
| Suppliers | 440/4 | €1,353 | €1,882 | +€529 | +39.1% |
| Taxes, remuneration and social security | 45 | €1,125 | €3,217 | +€2,092 | +186.0% |
| Taxes | 450/3 | €1,125 | €1,217 | +€92 | +8.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,895 | €0 | -€1,895 | -100.0% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704 | €392 | -€312 | -44.3% |
| Other operating charges | 640/8 | €389 | €341 | -€47 | -12.2% |
| Gross operating margin | 9900 | €8,841 | -€16,775 | -€25,617 | |
| Operating profit (loss) | 9901 | €7,749 | -€17,508 | -€25,257 | |
| Financial income | 75/76B | €8,707 | €8,707 | +€1 | 0.0% |
| Recurring financial income | 75 | €8,707 | €8,707 | +€1 | 0.0% |
| Financial charges | 65/66B | €16,747 | €1,740 | -€15,006 | -89.6% |
| Recurring financial charges | 65 | €16,747 | €1,740 | -€15,006 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | -€291 | -€10,541 | -€10,250 | -3522.6% |
| Income taxes | 67/77 | €197 | €164 | -€34 | -17.1% |
| Profit (loss) for the period | 9904 | -€488 | -€10,705 | -€10,216 | -2092.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€488 | -€10,705 | -€10,216 | -2092.3% |
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.