Immocenter Van Goethem: 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.
Immocenter Van Goethem
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-92.9%), from €1.4m to €99,357
of which Other amounts receivable: -€1.3m
- Stocks and contracts -€217,178
down €217,178 (-60.3%), from €360,238 to €143,060
of which Stocks: -€127,178
- Cash +€78,712
up €78,712 (+122%), from €64,472 to €143,184
mainly Receivables within one year (+€1.3m) and Stocks and contracts (+€217,178)
- Tangible fixed assets -€27,265
down €27,265 (-31.5%), from €86,466 to €59,201
of which Other tangible fixed assets: -€18,702
- Short-term financial debts -€1.2m
down €1.2m (-70.8%), from €1.6m to €475,000
- Reserves -€477,895
down €477,895 (-98.7%), from €484,095 to €6,200
of which Distributable reserves: -€475,141
- Profit (loss) carried forward +€172,052
up €172,052 (+33.5%), from -€513,800 to -€341,748
- Tax, wage and social debts +€70,590
up €70,590 (+17,536%), from €403 to €70,992
of which Taxes: +€70,590
- Trade debts -€54,786
down €54,786 (-60.7%), from €90,301 to €35,516
- Gross operating margin +€279,225
up €279,225 (+73.8%), from -€378,255 to -€99,031
- Staff costs -€71,944
down €71,944, from €67,288 to -€4,655
- Other operating charges +€65,354
up €65,354 (+784%), from €8,340 to €73,695
- Financial income -€56,931
down €56,931 (-99.7%), from €57,107 to €176
- Financial charges +€20,182
up €20,182 (+22.5%), from €89,720 to €109,902
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 | €1,915,804 | €444,802 | -€1.5m | -76.8% |
| Fixed assets | 21/28 | €86,466 | €59,201 | -€27,265 | -31.5% |
| Tangible fixed assets | 22/27 | €86,466 | €59,201 | -€27,265 | -31.5% |
| Land and buildings | 22 | €19,674 | €16,669 | -€3,005 | -15.3% |
| Furniture and vehicles | 24 | €12,348 | €6,790 | -€5,558 | -45.0% |
| Other tangible fixed assets | 26 | €54,444 | €35,742 | -€18,702 | -34.4% |
| Current assets | 29/58 | €1,829,337 | €385,601 | -€1.4m | -78.9% |
| Stocks and contracts in progress | 3 | €360,238 | €143,060 | -€217,178 | -60.3% |
| Stocks | 30/36 | €185,238 | €58,060 | -€127,178 | -68.7% |
| Contracts in progress | 37 | €175,000 | €85,000 | -€90,000 | -51.4% |
| Amounts receivable within one year | 40/41 | €1,398,407 | €99,357 | -€1.3m | -92.9% |
| Trade receivables | 40 | €83,297 | €37,669 | -€45,628 | -54.8% |
| Other amounts receivable | 41 | €1,315,110 | €61,687 | -€1.3m | -95.3% |
| Cash at bank and in hand | 54/58 | €64,472 | €143,184 | +€78,712 | +122% |
| Deferred charges and accrued income | 490/1 | €6,220 | €0 | -€6,220 | -100% |
| Total equity and liabilities | 10/49 | €1,915,804 | €444,802 | -€1.5m | -76.8% |
| Equity | 10/15 | €32,295 | -€273,548 | -€305,843 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €484,095 | €6,200 | -€477,895 | -98.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,754 | €0 | -€2,754 | -100% |
| Distributable reserves | 133 | €475,141 | €0 | -€475,141 | -100% |
| Profit (loss) carried forward | 14 | -€513,800 | -€341,748 | +€172,052 | +33.5% |
| Amounts payable | 17/49 | €1,883,509 | €718,350 | -€1.2m | -61.9% |
| Amounts payable after more than one year | 17 | €6,697 | €0 | -€6,697 | -100% |
| Financial debts | 170/4 | €6,697 | €0 | -€6,697 | -100% |
| Amounts payable within one year | 42/48 | €1,876,811 | €718,350 | -€1.2m | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €26,123 | €6,696 | -€19,427 | -74.4% |
| Financial debts | 43 | €1,627,484 | €475,000 | -€1.2m | -70.8% |
| Credit institutions | 430/8 | €1,627,484 | €475,000 | -€1.2m | -70.8% |
| Trade debts | 44 | €90,301 | €35,516 | -€54,786 | -60.7% |
| Suppliers | 440/4 | €90,301 | €35,516 | -€54,786 | -60.7% |
| Taxes, remuneration and social security | 45 | €403 | €70,992 | +€70,590 | +17,536% |
| Taxes | 450/3 | €403 | €70,992 | +€70,590 | +17,536% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,500 | €130,145 | -€2,355 | -1.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,288 | -€4,655 | -€71,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,301 | €27,265 | -€36 | -0.1% |
| Other operating charges | 640/8 | €8,340 | €73,695 | +€65,354 | +784% |
| Gross operating margin | 9900 | -€378,255 | -€99,031 | +€279,225 | +73.8% |
| Operating profit (loss) | 9901 | -€481,185 | -€195,335 | +€285,850 | +59.4% |
| Financial income | 75/76B | €57,107 | €176 | -€56,931 | -99.7% |
| Recurring financial income | 75 | €57,107 | €176 | -€56,931 | -99.7% |
| Financial charges | 65/66B | €89,720 | €109,902 | +€20,182 | +22.5% |
| Recurring financial charges | 65 | €89,720 | €109,902 | +€20,182 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | -€513,798 | -€305,061 | +€208,737 | +40.6% |
| Income taxes | 67/77 | €1 | €782 | +€780 | +57,807% |
| Profit (loss) for the period | 9904 | -€513,800 | -€305,843 | +€207,957 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€513,800 | -€305,843 | +€207,957 | +40.5% |
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 25 October 2026 via checked.be.