IMMO GROC: 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 GROC
Largest movements
- Tangible fixed assets -€26,537
down €26,537 (-3.5%), from €750,216 to €723,680
of which Land and buildings: -€38,742
- Current investments -€17,783
down €17,783 (-4.1%), from €430,996 to €413,213
- Accrued charges and deferred income -€70,725
down €70,725 (-91.9%), from €76,943 to €6,218
- Trade debts +€28,524
up €28,524 (+117%), from €24,412 to €52,936
- Profit (loss) carried forward +€22,441
up €22,441 (+9.4%), from €238,463 to €260,904
- Financial income +€66,556
up €66,556 (+1,339%), from €4,972 to €71,528
- Financial charges +€5,278
up €5,278 (+110%), from €4,810 to €10,088
- Gross operating margin -€4,757
down €4,757, from €742 to -€4,015
- Depreciation -€2,918
down €2,918 (-5.9%), from €49,806 to €46,888
- Taxes -€1,800
down €1,800 (-100%), from €1,800 to €0
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 | €1,500,401 | €1,462,839 | -€37,562 | -2.5% |
| Formation expenses | 20 | €10,777 | €8,756 | -€2,021 | -18.7% |
| Fixed assets | 21/28 | €750,620 | €724,084 | -€26,537 | -3.5% |
| Tangible fixed assets | 22/27 | €750,216 | €723,680 | -€26,537 | -3.5% |
| Land and buildings | 22 | €721,240 | €682,498 | -€38,742 | -5.4% |
| Furniture and vehicles | 24 | - | €12,205 | +€12,205 | |
| Other tangible fixed assets | 26 | €28,976 | €28,976 | = | 0.0% |
| Financial fixed assets | 28 | €404 | €404 | = | 0.0% |
| Current assets | 29/58 | €739,004 | €730,000 | -€9,005 | -1.2% |
| Amounts receivable within one year | 40/41 | €226,714 | €230,113 | +€3,399 | +1.5% |
| Trade receivables | 40 | €223,049 | €222,220 | -€829 | -0.4% |
| Other amounts receivable | 41 | €3,665 | €7,893 | +€4,227 | +115% |
| Current investments | 50/53 | €430,996 | €413,213 | -€17,783 | -4.1% |
| Cash at bank and in hand | 54/58 | €79,723 | €84,897 | +€5,174 | +6.5% |
| Deferred charges and accrued income | 490/1 | €1,571 | €1,776 | +€205 | +13.1% |
| Total equity and liabilities | 10/49 | €1,500,401 | €1,462,839 | -€37,562 | -2.5% |
| Equity | 10/15 | €1,281,486 | €1,290,696 | +€9,209 | +0.7% |
| Contributions | 10/11 | €979,179 | €979,179 | = | 0.0% |
| Reserves | 13 | €63,844 | €50,612 | -€13,232 | -20.7% |
| Tax-exempt reserves | 132 | €47,797 | €34,565 | -€13,232 | -27.7% |
| Distributable reserves | 133 | €16,047 | €16,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,463 | €260,904 | +€22,441 | +9.4% |
| Provisions and deferred taxes | 16 | €15,932 | €11,522 | -€4,411 | -27.7% |
| Deferred taxes | 168 | €15,932 | €11,522 | -€4,411 | -27.7% |
| Amounts payable | 17/49 | €202,982 | €160,622 | -€42,361 | -20.9% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,040 | €54,403 | +€28,364 | +109% |
| Trade debts | 44 | €24,412 | €52,936 | +€28,524 | +117% |
| Suppliers | 440/4 | €24,412 | €52,936 | +€28,524 | +117% |
| Taxes, remuneration and social security | 45 | €1,627 | €1,467 | -€161 | -9.9% |
| Taxes | 450/3 | €1,627 | €1,467 | -€161 | -9.9% |
| Accrued charges and deferred income | 492/3 | €76,943 | €6,218 | -€70,725 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,806 | €46,888 | -€2,918 | -5.9% |
| Other operating charges | 640/8 | €6,117 | €5,738 | -€379 | -6.2% |
| Gross operating margin | 9900 | €742 | -€4,015 | -€4,757 | |
| Operating profit (loss) | 9901 | -€55,181 | -€56,641 | -€1,460 | -2.6% |
| Financial income | 75/76B | €4,972 | €71,528 | +€66,556 | +1,339% |
| Recurring financial income | 75 | €4,972 | €71,528 | +€66,556 | +1,339% |
| Financial charges | 65/66B | €4,810 | €10,088 | +€5,278 | +110% |
| Recurring financial charges | 65 | €4,810 | €10,088 | +€5,278 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€55,019 | €4,799 | +€59,818 | |
| Transfer from deferred taxes | 780 | €4,411 | €4,411 | = | 0.0% |
| Income taxes | 67/77 | €1,800 | €0 | -€1,800 | -100% |
| Profit (loss) for the period | 9904 | -€52,409 | €9,209 | +€61,618 | |
| Transfer from tax-exempt reserves | 789 | €13,232 | €13,232 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,177 | €22,441 | +€61,618 |
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 20 October 2026 via checked.be.