Immo GoDo: 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 GoDo
Largest movements
- Tangible fixed assets +€169,278
up €169,278 (+11.5%), from €1.5m to €1.6m
of which Land and buildings: +€176,799
- Cash -€24,696
down €24,696 (-12.1%), from €204,127 to €179,431
mainly Investment in fixed assets (net) (-€273,258) and Contributions, distributions and other (-€105,149)
- Receivables within one year -€22,845
down €22,845 (-65.4%), from €34,938 to €12,093
of which Other amounts receivable: -€22,719
- Debts after one year +€105,619
up €105,619 (+14.3%), from €740,820 to €846,439
- Other debts +€88,024
up €88,024 (+385.7%), from €22,824 to €110,848
- Reserves -€43,403
down €43,403 (-5.4%), from €805,812 to €762,409
of which Distributable reserves: -€34,039
- Accrued charges and deferred income -€43,396
down €43,396 (-100.0%), from €43,396 to €0
- Gross operating margin +€72,759
up €72,759 (+69.3%), from €104,958 to €177,716
- Depreciation +€42,460
up €42,460 (+69.0%), from €61,520 to €103,980
- Financial income +€33,799
up €33,799 (+485.9%), from €6,956 to €40,755
of which Non-recurring financial income: +€40,724
- Financial charges +€29,714
up €29,714 (+566.5%), from €5,245 to €34,959
- Taxes +€8,402
up €8,402 (+973.9%), from €863 to €9,264
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 | €1,761,996 | €1,869,308 | +€107,312 | +6.1% |
| Fixed assets | 21/28 | €1,469,865 | €1,639,143 | +€169,278 | +11.5% |
| Tangible fixed assets | 22/27 | €1,469,865 | €1,639,143 | +€169,278 | +11.5% |
| Land and buildings | 22 | €1,446,307 | €1,623,106 | +€176,799 | +12.2% |
| Plant, machinery and equipment | 23 | €23,558 | €16,037 | -€7,521 | -31.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €292,131 | €230,165 | -€61,966 | -21.2% |
| Amounts receivable within one year | 40/41 | €34,938 | €12,093 | -€22,845 | -65.4% |
| Trade receivables | 40 | €2,896 | €2,770 | -€126 | -4.4% |
| Other amounts receivable | 41 | €32,042 | €9,324 | -€22,719 | -70.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €204,127 | €179,431 | -€24,696 | -12.1% |
| Deferred charges and accrued income | 490/1 | €53,066 | €38,640 | -€14,426 | -27.2% |
| Total equity and liabilities | 10/49 | €1,761,996 | €1,869,308 | +€107,312 | +6.1% |
| Equity | 10/15 | €855,391 | €811,988 | -€43,403 | -5.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €805,812 | €762,409 | -€43,403 | -5.4% |
| Tax-exempt reserves | 132 | €18,728 | €9,364 | -€9,364 | -50.0% |
| Distributable reserves | 133 | €787,084 | €753,045 | -€34,039 | -4.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €9,644 | €4,822 | -€4,822 | -50.0% |
| Deferred taxes | 168 | €9,644 | €4,822 | -€4,822 | -50.0% |
| Amounts payable | 17/49 | €896,962 | €1,052,498 | +€155,537 | +17.3% |
| Amounts payable after more than one year | 17 | €740,820 | €846,439 | +€105,619 | +14.3% |
| Financial debts | 170/4 | €740,820 | €846,439 | +€105,619 | +14.3% |
| Amounts payable within one year | 42/48 | €112,746 | €206,060 | +€93,313 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €89,288 | €90,110 | +€822 | +0.9% |
| Trade debts | 44 | €634 | €5,090 | +€4,455 | +702.2% |
| Suppliers | 440/4 | €634 | €5,090 | +€4,455 | +702.2% |
| Taxes, remuneration and social security | 45 | €0 | €12 | +€12 | |
| Taxes | 450/3 | €0 | €12 | +€12 | |
| Other amounts payable | 47/48 | €22,824 | €110,848 | +€88,024 | +385.7% |
| Accrued charges and deferred income | 492/3 | €43,396 | €0 | -€43,396 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,520 | €103,980 | +€42,460 | +69.0% |
| Other operating charges | 640/8 | €12,159 | €13,344 | +€1,185 | +9.7% |
| Gross operating margin | 9900 | €104,958 | €177,716 | +€72,759 | +69.3% |
| Operating profit (loss) | 9901 | €31,278 | €60,392 | +€29,114 | +93.1% |
| Financial income | 75/76B | €6,956 | €40,755 | +€33,799 | +485.9% |
| Recurring financial income | 75 | €6,956 | €31 | -€6,925 | -99.5% |
| Non-recurring financial income | 76B | - | €40,724 | +€40,724 | |
| Financial charges | 65/66B | €5,245 | €34,959 | +€29,714 | +566.5% |
| Recurring financial charges | 65 | €5,245 | €34,959 | +€29,714 | +566.5% |
| Profit (loss) for the period before taxes | 9903 | €32,989 | €66,188 | +€33,200 | +100.6% |
| Transfer from deferred taxes | 780 | €4,822 | €4,822 | = | 0.0% |
| Income taxes | 67/77 | €863 | €9,264 | +€8,402 | +973.9% |
| Profit (loss) for the period | 9904 | €36,948 | €61,746 | +€24,798 | +67.1% |
| Transfer from tax-exempt reserves | 789 | €9,364 | €9,364 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,312 | €71,110 | +€24,798 | +53.5% |
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 4 October 2026 via checked.be.