IMMO GUZZI: 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 GUZZI
Largest movements
- Tangible fixed assets +€16,104
up €16,104 (+14.0%), from €115,270 to €131,373
- Cash +€7,488
up €7,488 (+140.4%), from €5,332 to €12,820
mainly Other debts (+€32,507) and Depreciation (+€8,928)
- Receivables within one year +€2,515
up €2,515 (+188.3%), from €1,335 to €3,850
of which Trade receivables: +€3,473
- Other debts +€32,507
up €32,507 (+39.2%), from €82,891 to €115,399
- Reserves -€6,976
down €6,976 (-24.7%), from €28,251 to €21,275
of which Distributable reserves: -€6,976
- Tax, wage and social debts +€1,619
up €1,619 (+6017.7%), from €27 to €1,646
- Gross operating margin +€17,485
up €17,485, from -€7,701 to €9,784
- Depreciation +€6,276
up €6,276 (+236.6%), from €2,652 to €8,928
- Other operating charges +€2,200
up €2,200 (+39.7%), from €5,548 to €7,748
- Financial charges -€1,491
down €1,491 (-94.6%), from €1,576 to €85
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.
Cash bridge derived
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 | €121,938 | €148,350 | +€26,413 | +21.7% |
| Fixed assets | 21/28 | €115,270 | €131,373 | +€16,104 | +14.0% |
| Tangible fixed assets | 22/27 | €115,270 | €131,373 | +€16,104 | +14.0% |
| Land and buildings | 22 | €115,270 | €131,373 | +€16,104 | +14.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €6,668 | €16,977 | +€10,309 | +154.6% |
| Amounts receivable within one year | 40/41 | €1,335 | €3,850 | +€2,515 | +188.3% |
| Trade receivables | 40 | €377 | €3,850 | +€3,473 | +920.2% |
| Other amounts receivable | 41 | €958 | €0 | -€958 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,332 | €12,820 | +€7,488 | +140.4% |
| Deferred charges and accrued income | 490/1 | €0 | €306 | +€306 | |
| Total equity and liabilities | 10/49 | €121,938 | €148,350 | +€26,413 | +21.7% |
| Equity | 10/15 | €38,251 | €31,275 | -€6,976 | -18.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €28,251 | €21,275 | -€6,976 | -24.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €28,251 | €21,275 | -€6,976 | -24.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €83,687 | €117,075 | +€33,388 | +39.9% |
| Amounts payable within one year | 42/48 | €83,687 | €117,075 | +€33,388 | +39.9% |
| Trade debts | 44 | €768 | €30 | -€738 | -96.1% |
| Suppliers | 440/4 | €768 | €30 | -€738 | -96.1% |
| Taxes, remuneration and social security | 45 | €27 | €1,646 | +€1,619 | +6017.7% |
| Taxes | 450/3 | €27 | €1,646 | +€1,619 | +6017.7% |
| Other amounts payable | 47/48 | €82,891 | €115,399 | +€32,507 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €8,928 | +€6,276 | +236.6% |
| Other operating charges | 640/8 | €5,548 | €7,748 | +€2,200 | +39.7% |
| Gross operating margin | 9900 | -€7,701 | €9,784 | +€17,485 | |
| Operating profit (loss) | 9901 | -€15,901 | -€6,892 | +€9,009 | +56.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,576 | €85 | -€1,491 | -94.6% |
| Recurring financial charges | 65 | €1,576 | €85 | -€1,491 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,477 | -€6,976 | +€10,502 | +60.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,477 | -€6,976 | +€10,502 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,477 | -€6,976 | +€10,502 | +60.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.