IMMO GRATRY: 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 GRATRY
Largest movements
- Receivables within one year +€111,264
up €111,264 (+10.9%), from €1.0m to €1.1m
of which Other amounts receivable: +€110,617
- Tangible fixed assets -€45,862
down €45,862 (-3.2%), from €1.4m to €1.4m
of which Land and buildings: -€23,667
- Trade debts +€280,843
up €280,843, from €0 to €280,843
- Contributions -€200,000
down €200,000 (-52.6%), from €380,000 to €180,000
- Debts after one year -€82,832
down €82,832 (-6.2%), from €1.3m to €1.3m
- Other debts +€75,055
up €75,055 (+11.0%), from €681,601 to €756,656
- Gross operating margin -€45,682
down €45,682 (-24.6%), from €185,989 to €140,307
- Depreciation -€16,821
down €16,821 (-13.1%), from €128,012 to €111,191
- Financial income +€16,821
new in 2024: €16,821
of which Non-recurring financial income: +€16,797
- Taxes -€2,426
down €2,426 (-82.6%), from €2,936 to €511
- Other operating charges +€2,226
up €2,226 (+7.8%), from €28,562 to €30,787
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,519,673 | €2,554,633 | +€34,960 | +1.4% |
| Fixed assets | 21/28 | €1,465,267 | €1,398,795 | -€66,472 | -4.5% |
| Intangible fixed assets | 21 | €1,848 | - | -€1,848 | |
| Tangible fixed assets | 22/27 | €1,443,787 | €1,397,925 | -€45,862 | -3.2% |
| Land and buildings | 22 | €1,374,936 | €1,351,269 | -€23,667 | -1.7% |
| Plant, machinery and equipment | 23 | €3,889 | €1,343 | -€2,545 | -65.5% |
| Furniture and vehicles | 24 | €64,962 | €45,312 | -€19,650 | -30.2% |
| Financial fixed assets | 28 | €19,632 | €870 | -€18,762 | -95.6% |
| Current assets | 29/58 | €1,054,407 | €1,155,838 | +€101,431 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,020,944 | €1,132,209 | +€111,264 | +10.9% |
| Trade receivables | 40 | - | €647 | +€647 | |
| Other amounts receivable | 41 | €1,020,944 | €1,131,561 | +€110,617 | +10.8% |
| Cash at bank and in hand | 54/58 | €29,366 | €22,360 | -€7,005 | -23.9% |
| Deferred charges and accrued income | 490/1 | €4,097 | €1,269 | -€2,828 | -69.0% |
| Total equity and liabilities | 10/49 | €2,519,673 | €2,554,633 | +€34,960 | +1.4% |
| Equity | 10/15 | €359,663 | €151,689 | -€207,975 | -57.8% |
| Contributions | 10/11 | €380,000 | €180,000 | -€200,000 | -52.6% |
| Capital | 10 | €380,000 | €180,000 | -€200,000 | -52.6% |
| Issued capital | 100 | €380,000 | €180,000 | -€200,000 | -52.6% |
| Reserves | 13 | €86,140 | €79,033 | -€7,108 | -8.3% |
| Tax-exempt reserves | 132 | €86,140 | €79,033 | -€7,108 | -8.3% |
| Profit (loss) carried forward | 14 | -€106,477 | -€107,344 | -€867 | -0.8% |
| Provisions and deferred taxes | 16 | €28,713 | €26,344 | -€2,369 | -8.3% |
| Deferred taxes | 168 | €28,713 | €26,344 | -€2,369 | -8.3% |
| Amounts payable | 17/49 | €2,131,297 | €2,376,600 | +€245,304 | +11.5% |
| Amounts payable after more than one year | 17 | €1,335,654 | €1,252,822 | -€82,832 | -6.2% |
| Financial debts | 170/4 | €1,335,654 | €1,252,822 | -€82,832 | -6.2% |
| Amounts payable within one year | 42/48 | €795,642 | €1,123,778 | +€328,136 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €89,681 | €82,832 | -€6,848 | -7.6% |
| Trade debts | 44 | €0 | €280,843 | +€280,843 | |
| Suppliers | 440/4 | €0 | €280,843 | +€280,843 | |
| Taxes, remuneration and social security | 45 | €24,361 | €3,447 | -€20,914 | -85.9% |
| Taxes | 450/3 | €21,573 | €3,447 | -€18,126 | -84.0% |
| Remuneration and social security | 454/9 | €2,787 | - | -€2,787 | |
| Other amounts payable | 47/48 | €681,601 | €756,656 | +€75,055 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,012 | €111,191 | -€16,821 | -13.1% |
| Other operating charges | 640/8 | €28,562 | €30,787 | +€2,226 | +7.8% |
| Gross operating margin | 9900 | €185,989 | €140,307 | -€45,682 | -24.6% |
| Operating profit (loss) | 9901 | €29,415 | -€1,672 | -€31,087 | |
| Financial income | 75/76B | - | €16,821 | +€16,821 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Non-recurring financial income | 76B | - | €16,797 | +€16,797 | |
| Financial charges | 65/66B | €25,596 | €24,982 | -€614 | -2.4% |
| Recurring financial charges | 65 | €25,596 | €24,982 | -€614 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €3,819 | -€9,833 | -€13,652 | |
| Transfer from deferred taxes | 780 | €1,580 | €2,369 | +€790 | +50.0% |
| Income taxes | 67/77 | €2,936 | €511 | -€2,426 | -82.6% |
| Profit (loss) for the period | 9904 | €2,462 | -€7,975 | -€10,437 | |
| Transfer from tax-exempt reserves | 789 | €4,739 | €7,108 | +€2,369 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,201 | -€867 | -€8,068 |
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 4 October 2026 via checked.be.