IMMO GREENWICH: 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 GREENWICH
Largest movements
- Cash +€109,929
up €109,929 (+36.2%), from €303,982 to €413,910
mainly Net result for the year (+€65,279) and Other debts (+€20,237)
- Receivables within one year -€4,481
down €4,481 (-26.5%), from €16,929 to €12,447
of which Trade receivables: -€4,292
- Reserves +€65,279
up €65,279 (+54.3%), from €120,225 to €185,504
of which Distributable reserves: +€65,279
- Other debts +€20,237
up €20,237 (+168%), from €12,078 to €32,315
- Tax, wage and social debts +€16,660
up €16,660 (+18.9%), from €88,057 to €104,716
of which Remuneration and social security: +€20,658
- Trade debts +€4,502
up €4,502 (+173%), from €2,596 to €7,098
- Gross operating margin +€62,831
up €62,831 (+17.8%), from €352,134 to €414,965
- Taxes +€21,367
up €21,367 (+242%), from €8,848 to €30,215
- Staff costs +€19,864
up €19,864 (+7.1%), from €277,893 to €297,757
- Other operating charges -€4,202
down €4,202 (-19.7%), from €21,344 to €17,142
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 | €325,985 | €430,619 | +€104,634 | +32.1% |
| Fixed assets | 21/28 | €5,074 | €4,261 | -€813 | -16.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,439 | €3,626 | -€813 | -18.3% |
| Furniture and vehicles | 24 | €3,921 | €3,431 | -€491 | -12.5% |
| Other tangible fixed assets | 26 | €518 | €195 | -€323 | -62.3% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €320,911 | €426,358 | +€105,447 | +32.9% |
| Amounts receivable within one year | 40/41 | €16,929 | €12,447 | -€4,481 | -26.5% |
| Trade receivables | 40 | €16,479 | €12,187 | -€4,292 | -26.0% |
| Other amounts receivable | 41 | €450 | €261 | -€189 | -42.1% |
| Cash at bank and in hand | 54/58 | €303,982 | €413,910 | +€109,929 | +36.2% |
| Total equity and liabilities | 10/49 | €325,985 | €430,619 | +€104,634 | +32.1% |
| Equity | 10/15 | €217,282 | €282,561 | +€65,279 | +30.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €120,225 | €185,504 | +€65,279 | +54.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €112,725 | €178,004 | +€65,279 | +57.9% |
| Profit (loss) carried forward | 14 | €22,056 | €22,056 | = | 0.0% |
| Amounts payable | 17/49 | €108,703 | €148,058 | +€39,355 | +36.2% |
| Amounts payable within one year | 42/48 | €108,703 | €148,058 | +€39,355 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €5,972 | €3,929 | -€2,043 | -34.2% |
| Trade debts | 44 | €2,596 | €7,098 | +€4,502 | +173% |
| Suppliers | 440/4 | €2,596 | €7,098 | +€4,502 | +173% |
| Taxes, remuneration and social security | 45 | €88,057 | €104,716 | +€16,660 | +18.9% |
| Taxes | 450/3 | €38,656 | €34,658 | -€3,998 | -10.3% |
| Remuneration and social security | 454/9 | €49,401 | €70,058 | +€20,658 | +41.8% |
| Other amounts payable | 47/48 | €12,078 | €32,315 | +€20,237 | +168% |
| Remuneration, social security and pensions | 62 | €277,893 | €297,757 | +€19,864 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €2,627 | +€154 | +6.2% |
| Other operating charges | 640/8 | €21,344 | €17,142 | -€4,202 | -19.7% |
| Gross operating margin | 9900 | €352,134 | €414,965 | +€62,831 | +17.8% |
| Operating profit (loss) | 9901 | €50,424 | €97,439 | +€47,015 | +93.2% |
| Financial income | 75/76B | €607 | €1,569 | +€962 | +159% |
| Recurring financial income | 75 | €607 | €1,569 | +€962 | +159% |
| Financial charges | 65/66B | €4,021 | €3,514 | -€507 | -12.6% |
| Recurring financial charges | 65 | €4,021 | €3,514 | -€507 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €47,009 | €95,493 | +€48,484 | +103% |
| Income taxes | 67/77 | €8,848 | €30,215 | +€21,367 | +242% |
| Profit (loss) for the period | 9904 | €38,162 | €65,279 | +€27,117 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,162 | €65,279 | +€27,117 | +71.1% |
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 27 October 2026 via checked.be.