IMMO GOED: 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 GOED
Largest movements
- Cash -€75,496
down €75,496 (-29.0%), from €260,458 to €184,962
mainly Contributions, distributions and other (-€98,140) and Tax, wage and social debts (-€10,498)
- Reserves -€68,610
down €68,610 (-31.5%), from €218,140 to €149,530
of which Distributable reserves: -€81,240
- Tax, wage and social debts -€10,498
down €10,498 (-69.2%), from €15,169 to €4,671
- Gross operating margin -€10,004
down €10,004 (-17.1%), from €58,644 to €48,639
- Depreciation -€4,256
down €4,256 (-98.8%), from €4,309 to €53
- Other operating charges -€4,144
down €4,144 (-62.5%), from €6,631 to €2,487
- Taxes +€998
up €998 (+6.6%), from €15,125 to €16,122
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 | €300,157 | €222,825 | -€77,332 | -25.8% |
| Fixed assets | 21/28 | €37,916 | €37,864 | -€53 | -0.1% |
| Tangible fixed assets | 22/27 | €37,916 | €37,864 | -€53 | -0.1% |
| Land and buildings | 22 | €37,864 | €37,864 | = | 0.0% |
| Plant, machinery and equipment | 23 | €53 | €0 | -€53 | -100% |
| Current assets | 29/58 | €262,240 | €184,962 | -€77,279 | -29.5% |
| Amounts receivable within one year | 40/41 | €1,408 | €0 | -€1,408 | -100% |
| Trade receivables | 40 | €1,408 | €0 | -€1,408 | -100% |
| Cash at bank and in hand | 54/58 | €260,458 | €184,962 | -€75,496 | -29.0% |
| Deferred charges and accrued income | 490/1 | €374 | €0 | -€374 | -100% |
| Total equity and liabilities | 10/49 | €300,157 | €222,825 | -€77,332 | -25.8% |
| Equity | 10/15 | €282,230 | €213,697 | -€68,534 | -24.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €218,140 | €149,530 | -€68,610 | -31.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €12,630 | +€12,630 | |
| Distributable reserves | 133 | €211,990 | €130,750 | -€81,240 | -38.3% |
| Profit (loss) carried forward | 14 | €2,590 | €2,667 | +€76 | +2.9% |
| Amounts payable | 17/49 | €17,927 | €9,129 | -€8,798 | -49.1% |
| Amounts payable within one year | 42/48 | €15,367 | €6,514 | -€8,853 | -57.6% |
| Trade debts | 44 | €197 | €1,843 | +€1,646 | +835% |
| Suppliers | 440/4 | €197 | €1,843 | +€1,646 | +835% |
| Taxes, remuneration and social security | 45 | €15,169 | €4,671 | -€10,498 | -69.2% |
| Taxes | 450/3 | €15,169 | €4,671 | -€10,498 | -69.2% |
| Accrued charges and deferred income | 492/3 | €2,560 | €2,615 | +€55 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,309 | €53 | -€4,256 | -98.8% |
| Other operating charges | 640/8 | €6,631 | €2,487 | -€4,144 | -62.5% |
| Gross operating margin | 9900 | €58,644 | €48,639 | -€10,004 | -17.1% |
| Operating profit (loss) | 9901 | €47,704 | €46,100 | -€1,604 | -3.4% |
| Financial income | 75/76B | €138 | €114 | -€24 | -17.2% |
| Recurring financial income | 75 | €138 | €114 | -€24 | -17.2% |
| Financial charges | 65/66B | €436 | €486 | +€50 | +11.5% |
| Recurring financial charges | 65 | €436 | €486 | +€50 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €47,406 | €45,728 | -€1,678 | -3.5% |
| Income taxes | 67/77 | €15,125 | €16,122 | +€998 | +6.6% |
| Profit (loss) for the period | 9904 | €32,282 | €29,606 | -€2,675 | -8.3% |
| Transfer to tax-exempt reserves | 689 | - | €12,630 | +€12,630 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,282 | €16,976 | -€15,305 | -47.4% |
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 30 October 2026 via checked.be.