IMMO GMJ: 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 GMJ
Largest movements
- Financial fixed assets +€85,500
new in 2025: €85,500
- Tangible fixed assets -€20,871
down €20,871 (-2.3%), from €926,550 to €905,679
of which Land and buildings: -€23,333
- Other debts +€45,000
up €45,000 (+42.1%), from €107,000 to €152,000
- Debts after one year -€37,161
down €37,161 (-4.6%), from €802,745 to €765,584
- Profit (loss) carried forward +€32,459
up €32,459, from -€14,580 to €17,879
- Gross operating margin +€20,218
up €20,218 (+34.5%), from €58,521 to €78,740
- Taxes +€6,697
new in 2025: €6,697
- Other operating charges +€1,690
up €1,690 (+176%), from €960 to €2,651
- Financial charges -€812
down €812 (-5.7%), from €14,335 to €13,524
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 | €960,996 | €1,008,392 | +€47,396 | +4.9% |
| Fixed assets | 21/28 | €926,550 | €991,179 | +€64,629 | +7.0% |
| Tangible fixed assets | 22/27 | €926,550 | €905,679 | -€20,871 | -2.3% |
| Land and buildings | 22 | €926,550 | €903,217 | -€23,333 | -2.5% |
| Other tangible fixed assets | 26 | - | €2,462 | +€2,462 | |
| Financial fixed assets | 28 | - | €85,500 | +€85,500 | |
| Current assets | 29/58 | €34,446 | €17,213 | -€17,233 | -50.0% |
| Amounts receivable within one year | 40/41 | €5,461 | - | -€5,461 | |
| Trade receivables | 40 | €5,461 | - | -€5,461 | |
| Cash at bank and in hand | 54/58 | €14,120 | €7,311 | -€6,809 | -48.2% |
| Deferred charges and accrued income | 490/1 | €14,865 | €9,902 | -€4,963 | -33.4% |
| Total equity and liabilities | 10/49 | €960,996 | €1,008,392 | +€47,396 | +4.9% |
| Equity | 10/15 | €4,020 | €36,479 | +€32,459 | +807% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,580 | €17,879 | +€32,459 | |
| Amounts payable | 17/49 | €956,976 | €971,913 | +€14,937 | +1.6% |
| Amounts payable after more than one year | 17 | €802,745 | €765,584 | -€37,161 | -4.6% |
| Financial debts | 170/4 | €802,745 | €765,584 | -€37,161 | -4.6% |
| Amounts payable within one year | 42/48 | €145,059 | €197,016 | +€51,958 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €36,317 | €37,161 | +€844 | +2.3% |
| Trade debts | 44 | - | €1,158 | +€1,158 | |
| Suppliers | 440/4 | - | €1,158 | +€1,158 | |
| Advances received on contracts in progress | 46 | €975 | - | -€975 | |
| Taxes, remuneration and social security | 45 | €767 | €6,697 | +€5,930 | +774% |
| Taxes | 450/3 | €767 | €6,697 | +€5,930 | +774% |
| Other amounts payable | 47/48 | €107,000 | €152,000 | +€45,000 | +42.1% |
| Accrued charges and deferred income | 492/3 | €9,173 | €9,314 | +€141 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,333 | €23,410 | +€77 | +0.3% |
| Other operating charges | 640/8 | €960 | €2,651 | +€1,690 | +176% |
| Gross operating margin | 9900 | €58,521 | €78,740 | +€20,218 | +34.5% |
| Operating profit (loss) | 9901 | €34,228 | €52,679 | +€18,451 | +53.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €14,335 | €13,524 | -€812 | -5.7% |
| Recurring financial charges | 65 | €14,335 | €13,524 | -€812 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €19,898 | €39,155 | +€19,258 | +96.8% |
| Income taxes | 67/77 | - | €6,697 | +€6,697 | |
| Profit (loss) for the period | 9904 | €19,898 | €32,459 | +€12,561 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,898 | €32,459 | +€12,561 | +63.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.