IMMO GRAVENHOF: 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.
IMMO GRAVENHOF
Largest movements
- Cash -€121,372
down €121,372 (-47.4%), from €256,071 to €134,699
mainly Contributions, distributions and other (-€300,833) and Deferred charges and accrued income (-€54,887)
- Receivables within one year -€69,218
down €69,218 (-86.0%), from €80,488 to €11,270
of which Other amounts receivable: -€75,408
- Deferred charges and accrued income +€54,887
up €54,887 (+1,375%), from €3,991 to €58,878
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€24,048
down €24,048 (-6.2%), from €389,248 to €365,200
of which Land and buildings: -€23,252
- Contributions -€300,000
down €300,000 (-70.6%), from €425,000 to €125,000
- Reserves +€195,536
up €195,536 (+123%), from €159,403 to €354,939
of which Distributable reserves: +€225,536
- Trade debts -€18,984
down €18,984 (-59.0%), from €32,162 to €13,178
- Tax, wage and social debts +€18,726
up €18,726 (+151%), from €12,405 to €31,131
- Gross operating margin +€66,971
up €66,971 (+66.8%), from €100,301 to €167,272
- Write-downs -€64,445
new in 2025: -€64,445
- Other operating charges +€51,662
up €51,662 (+306%), from €16,890 to €68,552
- Financial income -€27,082
down €27,082 (-25.4%), from €106,661 to €79,579
- Depreciation -€10,575
down €10,575 (-30.5%), from €34,623 to €24,048
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,798 | €620,047 | -€109,751 | -15.0% |
| Fixed assets | 21/28 | €389,248 | €365,200 | -€24,048 | -6.2% |
| Tangible fixed assets | 22/27 | €389,248 | €365,200 | -€24,048 | -6.2% |
| Land and buildings | 22 | €385,865 | €362,614 | -€23,252 | -6.0% |
| Plant, machinery and equipment | 23 | €3,383 | €2,586 | -€797 | -23.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €340,550 | €254,847 | -€85,703 | -25.2% |
| Amounts receivable within one year | 40/41 | €80,488 | €11,270 | -€69,218 | -86.0% |
| Trade receivables | 40 | €4,997 | €11,187 | +€6,190 | +124% |
| Other amounts receivable | 41 | €75,491 | €83 | -€75,408 | -99.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €256,071 | €134,699 | -€121,372 | -47.4% |
| Deferred charges and accrued income | 490/1 | €3,991 | €58,878 | +€54,887 | +1,375% |
| Total equity and liabilities | 10/49 | €729,798 | €620,047 | -€109,751 | -15.0% |
| Equity | 10/15 | €584,403 | €479,939 | -€104,464 | -17.9% |
| Contributions | 10/11 | €425,000 | €125,000 | -€300,000 | -70.6% |
| Capital | 10 | €425,000 | €125,000 | -€300,000 | -70.6% |
| Issued capital | 100 | €425,000 | €125,000 | -€300,000 | -70.6% |
| Reserves | 13 | €159,403 | €354,939 | +€195,536 | +123% |
| Non-distributable reserves | 130/1 | €42,500 | €12,500 | -€30,000 | -70.6% |
| Legal reserve | 130 | €42,500 | €12,500 | -€30,000 | -70.6% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €116,903 | €342,439 | +€225,536 | +193% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,395 | €140,108 | -€5,287 | -3.6% |
| Amounts payable within one year | 42/48 | €142,755 | €138,356 | -€4,399 | -3.1% |
| Trade debts | 44 | €32,162 | €13,178 | -€18,984 | -59.0% |
| Suppliers | 440/4 | €32,162 | €13,178 | -€18,984 | -59.0% |
| Taxes, remuneration and social security | 45 | €12,405 | €31,131 | +€18,726 | +151% |
| Taxes | 450/3 | €12,405 | €31,131 | +€18,726 | +151% |
| Other amounts payable | 47/48 | €98,188 | €94,047 | -€4,141 | -4.2% |
| Accrued charges and deferred income | 492/3 | €2,641 | €1,752 | -€888 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,623 | €24,048 | -€10,575 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€64,445 | -€64,445 | |
| Other operating charges | 640/8 | €16,890 | €68,552 | +€51,662 | +306% |
| Gross operating margin | 9900 | €100,301 | €167,272 | +€66,971 | +66.8% |
| Operating profit (loss) | 9901 | €48,788 | €139,117 | +€90,329 | +185% |
| Financial income | 75/76B | €106,661 | €79,579 | -€27,082 | -25.4% |
| Recurring financial income | 75 | €106,661 | €79,579 | -€27,082 | -25.4% |
| Financial charges | 65/66B | €2,043 | €2,690 | +€647 | +31.6% |
| Recurring financial charges | 65 | €2,043 | €2,690 | +€647 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €153,406 | €216,006 | +€62,600 | +40.8% |
| Income taxes | 67/77 | €11,690 | €19,637 | +€7,947 | +68.0% |
| Profit (loss) for the period | 9904 | €141,715 | €196,369 | +€54,654 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,715 | €196,369 | +€54,654 | +38.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.