Immo Goed Geluk: what changed
Immo Goed Geluk
Largest movements
- Tangible fixed assets -€25,023
down €25,023 (-7.1%), from €353,459 to €328,437
of which Land and buildings: -€22,787
- Cash -€25,019
down €25,019 (-43.7%), from €57,310 to €32,292
mainly Contributions, distributions and other (-€131,158) and Debts after one year (-€23,693)
- Receivables within one year +€8,874
up €8,874 (+23.8%), from €37,306 to €46,180
of which Trade receivables: +€15,760
- Reserves -€84,252
down €84,252 (-40.7%), from €207,033 to €122,781
of which Distributable reserves: -€84,252
- Other debts +€43,009
new in 2025: €43,009
- Debts after one year -€23,693
down €23,693 (-11.1%), from €214,131 to €190,438
- Trade debts +€16,658
up €16,658 (+1,085%), from €1,535 to €18,193
- Tax, wage and social debts +€6,200
new in 2025: €6,200
- Taxes +€17,421
new in 2025: €17,421
- Gross operating margin +€6,311
up €6,311 (+6.4%), from €99,315 to €105,626
- Depreciation -€2,222
down €2,222 (-8.2%), from €27,245 to €25,023
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,076 | €411,909 | -€41,167 | -9.1% |
| Fixed assets | 21/28 | €353,459 | €328,437 | -€25,023 | -7.1% |
| Tangible fixed assets | 22/27 | €353,459 | €328,437 | -€25,023 | -7.1% |
| Land and buildings | 22 | €344,118 | €321,331 | -€22,787 | -6.6% |
| Furniture and vehicles | 24 | €9,341 | €7,105 | -€2,236 | -23.9% |
| Current assets | 29/58 | €99,616 | €83,472 | -€16,144 | -16.2% |
| Amounts receivable within one year | 40/41 | €37,306 | €46,180 | +€8,874 | +23.8% |
| Trade receivables | 40 | €17,396 | €33,156 | +€15,760 | +90.6% |
| Other amounts receivable | 41 | €19,910 | €13,024 | -€6,886 | -34.6% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,310 | €32,292 | -€25,019 | -43.7% |
| Total equity and liabilities | 10/49 | €453,076 | €411,909 | -€41,167 | -9.1% |
| Equity | 10/15 | €214,228 | €129,976 | -€84,252 | -39.3% |
| Contributions | 10/11 | €7,195 | €7,195 | = | 0.0% |
| Reserves | 13 | €207,033 | €122,781 | -€84,252 | -40.7% |
| Tax-exempt reserves | 132 | €20,014 | €20,014 | = | 0.0% |
| Distributable reserves | 133 | €187,019 | €102,767 | -€84,252 | -45.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €238,848 | €281,933 | +€43,085 | +18.0% |
| Amounts payable after more than one year | 17 | €214,131 | €190,438 | -€23,693 | -11.1% |
| Financial debts | 170/4 | €214,131 | €190,438 | -€23,693 | -11.1% |
| Amounts payable within one year | 42/48 | €24,718 | €91,096 | +€66,378 | +269% |
| Current portion of amounts payable after more than one year | 42 | €23,183 | €23,693 | +€510 | +2.2% |
| Trade debts | 44 | €1,535 | €18,193 | +€16,658 | +1,085% |
| Suppliers | 440/4 | €1,535 | €18,193 | +€16,658 | +1,085% |
| Taxes, remuneration and social security | 45 | - | €6,200 | +€6,200 | |
| Taxes | 450/3 | - | €6,200 | +€6,200 | |
| Other amounts payable | 47/48 | - | €43,009 | +€43,009 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,245 | €25,023 | -€2,222 | -8.2% |
| Other operating charges | 640/8 | €11,189 | €11,308 | +€119 | +1.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €99,315 | €105,626 | +€6,311 | +6.4% |
| Operating profit (loss) | 9901 | €60,881 | €69,296 | +€8,415 | +13.8% |
| Financial income | 75/76B | €583 | €69 | -€513 | -88.1% |
| Recurring financial income | 75 | €583 | €69 | -€513 | -88.1% |
| Financial charges | 65/66B | €5,603 | €5,038 | -€565 | -10.1% |
| Recurring financial charges | 65 | €5,603 | €5,038 | -€565 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €55,861 | €64,327 | +€8,466 | +15.2% |
| Income taxes | 67/77 | - | €17,421 | +€17,421 | |
| Profit (loss) for the period | 9904 | €55,861 | €46,906 | -€8,955 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,861 | €46,906 | -€8,955 | -16.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.