IMMO GOYENS: 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.
What changed
IMMO GOYENS
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€482,521
2024 · €295,414+€187,107
Equity
€1.6m
2024 · €1.1m+€482,521
Cash
€513,455
2024 · €596,972-€83,518
Balance sheet total
€9.2m
2024 · €7.5m+€1.7m
Largest movements
Assets
- Stocks and contracts +€1.7m
up €1.7m (+86.2%), from €2.0m to €3.7m
Equity and liabilities
- Short-term financial debts +€1.2m
up €1.2m (+67.9%), from €1.7m to €2.9m
- Reserves +€482,521
up €482,521 (+56.5%), from €853,938 to €1.3m
of which Distributable reserves: +€241,419
- Debts after one year +€285,944
up €285,944 (+8.5%), from €3.4m to €3.7m
- Other debts -€264,500
down €264,500 (-30.1%), from €878,275 to €613,775
- Trade debts -€120,018
down €120,018 (-99.9%), from €120,093 to €75
Income statement
- Gross operating margin +€338,059
up €338,059 (+45.6%), from €741,202 to €1.1m
- Financial charges +€52,742
up €52,742 (+28.8%), from €182,977 to €235,719
- Depreciation +€34,636
up €34,636 (+25.3%), from €136,792 to €171,429
- Taxes +€31,321
up €31,321 (+63.6%), from €49,276 to €80,597
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.
Result 2024
€295,414
Gross operating margin
+€338,059
Depreciation
-€34,636
Other operating charges
-€1,204
Financial income
+€0
Financial charges
-€52,742
Taxes
-€31,321
Deferred taxes and other
-€31,048
Result 2025
€482,521
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.4m
Investment
-€193,412
Financing
+€1.5m
Cash 2024
€596,972
From operations (derived)
-€1.4m
Net result for the year
+€482,521
Depreciation
+€171,429
Stocks and contracts
-€1.7m
Receivables within one year
-€15,726
Deferred charges and accrued income
-€433
Provisions
+€80,368
Trade debts
-€120,018
Tax, wage and social debts
+€10,597
Other debts
-€264,500
Accrued charges and deferred income
+€4,652
Investment (derived)
-€193,412
Investment in fixed assets (net)
-€193,412
Financing
+€1.5m
Debts after one year
+€285,944
Current portion of long-term debt
+€13,725
Short-term financial debts
+€1.2m
Cash 2025
€513,455
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,524,814 | €9,178,559 | +€1.7m | +22.0% |
| Fixed assets | 21/28 | €4,945,499 | €4,967,483 | +€21,983 | +0.4% |
| Tangible fixed assets | 22/27 | €4,755,499 | €4,737,483 | -€18,017 | -0.4% |
| Land and buildings | 22 | €4,755,499 | €4,737,483 | -€18,017 | -0.4% |
| Financial fixed assets | 28 | €190,000 | €230,000 | +€40,000 | +21.1% |
| Current assets | 29/58 | €2,579,314 | €4,211,076 | +€1.6m | +63.3% |
| Stocks and contracts in progress | 3 | €1,972,140 | €3,671,261 | +€1.7m | +86.2% |
| Stocks | 30/36 | €1,972,140 | €3,671,261 | +€1.7m | +86.2% |
| Amounts receivable within one year | 40/41 | €724 | €16,450 | +€15,726 | +2,172% |
| Trade receivables | 40 | - | €16,450 | +€16,450 | |
| Other amounts receivable | 41 | €724 | €0 | -€724 | -100% |
| Cash at bank and in hand | 54/58 | €596,972 | €513,455 | -€83,518 | -14.0% |
| Deferred charges and accrued income | 490/1 | €9,478 | €9,911 | +€433 | +4.6% |
| Total equity and liabilities | 10/49 | €7,524,814 | €9,178,559 | +€1.7m | +22.0% |
| Equity | 10/15 | €1,118,938 | €1,601,459 | +€482,521 | +43.1% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €853,938 | €1,336,459 | +€482,521 | +56.5% |
| Tax-exempt reserves | 132 | €147,958 | €389,060 | +€241,103 | +163% |
| Distributable reserves | 133 | €705,980 | €947,399 | +€241,419 | +34.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €49,319 | €129,687 | +€80,368 | +163% |
| Deferred taxes | 168 | €49,319 | €129,687 | +€80,368 | +163% |
| Amounts payable | 17/49 | €6,356,556 | €7,447,413 | +€1.1m | +17.2% |
| Amounts payable after more than one year | 17 | €3,365,502 | €3,651,446 | +€285,944 | +8.5% |
| Financial debts | 170/4 | €3,365,502 | €3,651,446 | +€285,944 | +8.5% |
| Amounts payable within one year | 42/48 | €2,991,055 | €3,791,315 | +€800,260 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €283,386 | €297,111 | +€13,725 | +4.8% |
| Financial debts | 43 | €1,709,300 | €2,869,756 | +€1.2m | +67.9% |
| Credit institutions | 430/8 | €1,709,300 | €2,869,756 | +€1.2m | +67.9% |
| Trade debts | 44 | €120,093 | €75 | -€120,018 | -99.9% |
| Suppliers | 440/4 | €120,093 | €75 | -€120,018 | -99.9% |
| Taxes, remuneration and social security | 45 | - | €10,597 | +€10,597 | |
| Taxes | 450/3 | - | €10,597 | +€10,597 | |
| Other amounts payable | 47/48 | €878,275 | €613,775 | -€264,500 | -30.1% |
| Accrued charges and deferred income | 492/3 | - | €4,652 | +€4,652 | |
| Non-recurring operating income | 76A | €204,080 | €339,593 | +€135,513 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,792 | €171,429 | +€34,636 | +25.3% |
| Other operating charges | 640/8 | €27,423 | €28,626 | +€1,204 | +4.4% |
| Gross operating margin | 9900 | €741,202 | €1,079,260 | +€338,059 | +45.6% |
| Operating profit (loss) | 9901 | €576,987 | €879,205 | +€302,218 | +52.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €182,977 | €235,719 | +€52,742 | +28.8% |
| Recurring financial charges | 65 | €182,977 | €235,719 | +€52,742 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €394,009 | €643,486 | +€249,476 | +63.3% |
| Transfer from deferred taxes | 780 | €1,701 | €4,531 | +€2,830 | +166% |
| Transfer to deferred taxes | 680 | €51,020 | €84,898 | +€33,878 | +66.4% |
| Income taxes | 67/77 | €49,276 | €80,597 | +€31,321 | +63.6% |
| Profit (loss) for the period | 9904 | €295,414 | €482,521 | +€187,107 | +63.3% |
| Transfer from tax-exempt reserves | 789 | €5,102 | €13,592 | +€8,490 | +166% |
| Transfer to tax-exempt reserves | 689 | €153,060 | €254,695 | +€101,635 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €147,456 | €241,419 | +€93,962 | +63.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.