IMMO GINIS: 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 GINIS
Largest movements
- Stocks and contracts +€83,127
up €83,127 (+121.2%), from €68,603 to €151,730
- Cash -€24,742
down €24,742 (-28.0%), from €88,307 to €63,565
mainly Stocks and contracts (-€83,127) and Net result for the year (-€32,032)
- Receivables within one year -€17,887
down €17,887 (-29.1%), from €61,552 to €43,665
of which Trade receivables: -€14,572
- Tangible fixed assets +€11,618
up €11,618 (+5.1%), from €227,643 to €239,261
of which Furniture and vehicles: +€14,432
- Debts after one year +€62,237
new in 2025: €62,237
- Profit (loss) carried forward -€32,032
new in 2025: -€32,032
- Current portion of long-term debt +€29,304
up €29,304 (+1469.2%), from €1,994 to €31,298
- Trade debts +€12,902
up €12,902 (+52.1%), from €24,775 to €37,677
- Short-term financial debts -€11,346
down €11,346 (-12.3%), from €92,195 to €80,849
- Gross operating margin -€135,882
down €135,882 (-70.3%), from €193,366 to €57,484
- Taxes -€24,083
down €24,083 (-97.6%), from €24,672 to €589
- Financial charges -€19,908
down €19,908 (-78.5%), from €25,373 to €5,464
- Staff costs +€6,095
up €6,095 (+9.0%), from €67,855 to €73,950
- Financial income +€4,760
up €4,760 (+459.1%), from €1,037 to €5,797
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 | €449,106 | €501,221 | +€52,116 | +11.6% |
| Fixed assets | 21/28 | €230,643 | €242,261 | +€11,618 | +5.0% |
| Tangible fixed assets | 22/27 | €227,643 | €239,261 | +€11,618 | +5.1% |
| Land and buildings | 22 | €81,151 | €76,156 | -€4,995 | -6.2% |
| Plant, machinery and equipment | 23 | €184 | - | -€184 | |
| Furniture and vehicles | 24 | €22,342 | €36,774 | +€14,432 | +64.6% |
| Assets under construction and advance payments | 27 | €123,967 | €126,331 | +€2,365 | +1.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €218,462 | €258,960 | +€40,498 | +18.5% |
| Stocks and contracts in progress | 3 | €68,603 | €151,730 | +€83,127 | +121.2% |
| Stocks | 30/36 | €68,603 | €151,730 | +€83,127 | +121.2% |
| Amounts receivable within one year | 40/41 | €61,552 | €43,665 | -€17,887 | -29.1% |
| Trade receivables | 40 | €15,007 | €436 | -€14,572 | -97.1% |
| Other amounts receivable | 41 | €46,545 | €43,230 | -€3,315 | -7.1% |
| Cash at bank and in hand | 54/58 | €88,307 | €63,565 | -€24,742 | -28.0% |
| Total equity and liabilities | 10/49 | €449,106 | €501,221 | +€52,116 | +11.6% |
| Equity | 10/15 | €280,661 | €248,629 | -€32,032 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,061 | €262,061 | = | 0.0% |
| Distributable reserves | 133 | €262,061 | €262,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,032 | -€32,032 | |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €163,444 | €247,592 | +€84,148 | +51.5% |
| Amounts payable after more than one year | 17 | - | €62,237 | +€62,237 | |
| Financial debts | 170/4 | - | €62,237 | +€62,237 | |
| Amounts payable within one year | 42/48 | €163,444 | €184,101 | +€20,656 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €1,994 | €31,298 | +€29,304 | +1469.2% |
| Financial debts | 43 | €92,195 | €80,849 | -€11,346 | -12.3% |
| Credit institutions | 430/8 | €92,195 | €80,849 | -€11,346 | -12.3% |
| Trade debts | 44 | €24,775 | €37,677 | +€12,902 | +52.1% |
| Suppliers | 440/4 | €24,775 | €37,677 | +€12,902 | +52.1% |
| Taxes, remuneration and social security | 45 | €44,480 | €34,276 | -€10,204 | -22.9% |
| Taxes | 450/3 | €41,084 | €30,159 | -€10,925 | -26.6% |
| Remuneration and social security | 454/9 | €3,396 | €4,117 | +€721 | +21.2% |
| Accrued charges and deferred income | 492/3 | - | €1,255 | +€1,255 | |
| Non-recurring operating income | 76A | - | €6,280 | +€6,280 | |
| Remuneration, social security and pensions | 62 | €67,855 | €73,950 | +€6,095 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,520 | €12,026 | -€2,494 | -17.2% |
| Other operating charges | 640/8 | €2,781 | €3,284 | +€503 | +18.1% |
| Gross operating margin | 9900 | €193,366 | €57,484 | -€135,882 | -70.3% |
| Operating profit (loss) | 9901 | €108,210 | -€31,776 | -€139,986 | |
| Financial income | 75/76B | €1,037 | €5,797 | +€4,760 | +459.1% |
| Recurring financial income | 75 | €1,037 | €5,797 | +€4,760 | +459.1% |
| Financial charges | 65/66B | €25,373 | €5,464 | -€19,908 | -78.5% |
| Recurring financial charges | 65 | €25,373 | €5,464 | -€19,908 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €83,874 | -€31,443 | -€115,317 | |
| Income taxes | 67/77 | €24,672 | €589 | -€24,083 | -97.6% |
| Profit (loss) for the period | 9904 | €59,202 | -€32,032 | -€91,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,202 | -€32,032 | -€91,234 |
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 9 October 2026 via checked.be.