IMMO GRAM: 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.
What changed
IMMO GRAM
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€2,084
2023 · -€23,186+€25,270
Equity
€1.6m
2023 · €1.6m+€2,084
Cash
€15,653
2023 · €18,009-€2,356
Balance sheet total
€9.7m
2023 · €9.4m+€316,233
Largest movements
Assets
- Tangible fixed assets +€315,214
up €315,214 (+3.4%), from €9.2m to €9.5m
Equity and liabilities
- Debts after one year +€277,376
up €277,376 (+4.8%), from €5.8m to €6.1m
of which Financial debts: +€277,376
Income statement
- Gross operating margin +€33,488
up €33,488 (+4.0%), from €833,981 to €867,469
From the 2023 result to the 2024 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 2023
-€23,186
Gross operating margin
+€33,488
Depreciation
+€6,128
Other operating charges
-€7,350
Other operating items
-€287
Financial income
-€906
Financial charges
-€5,802
Result 2024
€2,084
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€639,713
Investment
-€920,015
Financing
+€277,946
Cash 2023
€18,009
From operations (derived)
+€639,713
Net result for the year
+€2,084
Depreciation
+€604,802
Receivables within one year
+€29,945
Deferred charges and accrued income
-€33,320
Trade debts
-€33,135
Other debts
+€69,100
Accrued charges and deferred income
+€238
Investment (derived)
-€920,015
Investment in fixed assets (net)
-€920,015
Financing
+€277,946
Debts after one year
+€277,376
Current portion of long-term debt
+€570
Cash 2024
€15,653
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,380,706 | €9,696,939 | +€316,233 | +3.4% |
| Fixed assets | 21/28 | €9,204,351 | €9,519,565 | +€315,214 | +3.4% |
| Tangible fixed assets | 22/27 | €9,202,681 | €9,517,895 | +€315,214 | +3.4% |
| Land and buildings | 22 | €9,202,681 | €9,517,895 | +€315,214 | +3.4% |
| Financial fixed assets | 28 | €1,670 | €1,670 | = | 0.0% |
| Current assets | 29/58 | €176,355 | €177,374 | +€1,019 | +0.6% |
| Amounts receivable within one year | 40/41 | €117,438 | €87,494 | -€29,945 | -25.5% |
| Trade receivables | 40 | €104,392 | €78,448 | -€25,945 | -24.9% |
| Other amounts receivable | 41 | €13,046 | €9,046 | -€4,000 | -30.7% |
| Cash at bank and in hand | 54/58 | €18,009 | €15,653 | -€2,356 | -13.1% |
| Deferred charges and accrued income | 490/1 | €40,907 | €74,228 | +€33,320 | +81.5% |
| Total equity and liabilities | 10/49 | €9,380,706 | €9,696,939 | +€316,233 | +3.4% |
| Equity | 10/15 | €1,622,119 | €1,624,204 | +€2,084 | +0.1% |
| Contributions | 10/11 | €2,005,260 | €2,005,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€383,141 | -€381,056 | +€2,084 | +0.5% |
| Amounts payable | 17/49 | €7,758,586 | €8,072,735 | +€314,149 | +4.0% |
| Amounts payable after more than one year | 17 | €5,800,153 | €6,077,529 | +€277,376 | +4.8% |
| Financial debts | 170/4 | €5,797,853 | €6,075,229 | +€277,376 | +4.8% |
| Other amounts payable | 178/9 | €2,300 | €2,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,954,892 | €1,991,427 | +€36,535 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €624,853 | €625,423 | +€570 | +0.1% |
| Trade debts | 44 | €53,352 | €20,217 | -€33,135 | -62.1% |
| Suppliers | 440/4 | €53,352 | €20,217 | -€33,135 | -62.1% |
| Other amounts payable | 47/48 | €1,276,687 | €1,345,787 | +€69,100 | +5.4% |
| Accrued charges and deferred income | 492/3 | €3,541 | €3,779 | +€238 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610,929 | €604,802 | -€6,128 | -1.0% |
| Other operating charges | 640/8 | €67,790 | €75,139 | +€7,350 | +10.8% |
| Non-recurring operating charges | 66A | - | €287 | +€287 | |
| Gross operating margin | 9900 | €833,981 | €867,469 | +€33,488 | +4.0% |
| Operating profit (loss) | 9901 | €155,262 | €187,241 | +€31,979 | +20.6% |
| Financial income | 75/76B | €922 | €16 | -€906 | -98.3% |
| Recurring financial income | 75 | €922 | €16 | -€906 | -98.3% |
| Financial charges | 65/66B | €179,370 | €185,172 | +€5,802 | +3.2% |
| Recurring financial charges | 65 | €179,370 | €185,172 | +€5,802 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,186 | €2,084 | +€25,270 | |
| Profit (loss) for the period | 9904 | -€23,186 | €2,084 | +€25,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,186 | €2,084 | +€25,270 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.