Immo Graller: 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 Graller
Largest movements
- Cash -€21,585
down €21,585 (-64.0%), from €33,725 to €12,140
mainly Current portion of long-term debt (-€12,546) and Current investments (-€10,197)
- Current investments +€10,197
up €10,197 (+12.7%), from €80,000 to €90,197
- Tangible fixed assets -€5,760
down €5,760 (-4.3%), from €135,109 to €129,349
of which Land and buildings: -€3,542
- Current portion of long-term debt -€12,546
down €12,546 (-74.3%), from €16,888 to €4,342
- Debts after one year -€4,342
no longer reported in 2025 (was €4,342)
- Gross operating margin -€39,252
down €39,252 (-71.0%), from €55,283 to €16,032
- Depreciation -€20,156
down €20,156 (-77.8%), from €25,916 to €5,760
- Financial charges -€1,895
down €1,895 (-69.9%), from €2,710 to €815
- Financial income -€681
down €681 (-33.5%), from €2,034 to €1,352
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 | €253,583 | €235,857 | -€17,726 | -7.0% |
| Fixed assets | 21/28 | €135,109 | €129,349 | -€5,760 | -4.3% |
| Tangible fixed assets | 22/27 | €135,109 | €129,349 | -€5,760 | -4.3% |
| Land and buildings | 22 | €130,173 | €126,631 | -€3,542 | -2.7% |
| Plant, machinery and equipment | 23 | €4,936 | €2,718 | -€2,218 | -44.9% |
| Current assets | 29/58 | €118,474 | €106,508 | -€11,966 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,016 | €406 | -€611 | -60.1% |
| Trade receivables | 40 | €642 | - | -€642 | |
| Other amounts receivable | 41 | €374 | €406 | +€31 | +8.3% |
| Current investments | 50/53 | €80,000 | €90,197 | +€10,197 | +12.7% |
| Cash at bank and in hand | 54/58 | €33,725 | €12,140 | -€21,585 | -64.0% |
| Deferred charges and accrued income | 490/1 | €3,732 | €3,764 | +€32 | +0.9% |
| Total equity and liabilities | 10/49 | €253,583 | €235,857 | -€17,726 | -7.0% |
| Equity | 10/15 | €216,239 | €213,890 | -€2,349 | -1.1% |
| Contributions | 10/11 | €157,663 | €157,663 | = | 0.0% |
| Reserves | 13 | €68,113 | €68,113 | = | 0.0% |
| Distributable reserves | 133 | €68,113 | €68,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,536 | -€11,885 | -€2,349 | -24.6% |
| Amounts payable | 17/49 | €37,344 | €21,966 | -€15,377 | -41.2% |
| Amounts payable after more than one year | 17 | €4,342 | - | -€4,342 | |
| Financial debts | 170/4 | €4,342 | - | -€4,342 | |
| Amounts payable within one year | 42/48 | €32,801 | €21,766 | -€11,035 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €16,888 | €4,342 | -€12,546 | -74.3% |
| Trade debts | 44 | €3,368 | €4,296 | +€928 | +27.6% |
| Suppliers | 440/4 | €3,368 | €4,296 | +€928 | +27.6% |
| Taxes, remuneration and social security | 45 | €377 | €2,189 | +€1,813 | +481.5% |
| Taxes | 450/3 | €377 | - | -€377 | |
| Remuneration and social security | 454/9 | - | €2,189 | +€2,189 | |
| Other amounts payable | 47/48 | €12,169 | €10,939 | -€1,230 | -10.1% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,916 | €5,760 | -€20,156 | -77.8% |
| Other operating charges | 640/8 | €12,789 | €13,158 | +€369 | +2.9% |
| Gross operating margin | 9900 | €55,283 | €16,032 | -€39,252 | -71.0% |
| Operating profit (loss) | 9901 | €16,579 | -€2,886 | -€19,465 | |
| Financial income | 75/76B | €2,034 | €1,352 | -€681 | -33.5% |
| Recurring financial income | 75 | €2,034 | €1,352 | -€681 | -33.5% |
| Financial charges | 65/66B | €2,710 | €815 | -€1,895 | -69.9% |
| Recurring financial charges | 65 | €2,710 | €815 | -€1,895 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €15,903 | -€2,349 | -€18,251 | |
| Income taxes | 67/77 | €236 | - | -€236 | |
| Profit (loss) for the period | 9904 | €15,667 | -€2,349 | -€18,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,667 | -€2,349 | -€18,016 |
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 8 October 2026 via checked.be.