IMMOGERARD: 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.
IMMOGERARD
Largest movements
- Intangible fixed assets -€27,500
down €27,500 (-16.7%), from €165,000 to €137,500
- Cash +€14,309
up €14,309 (+222%), from €6,433 to €20,742
mainly Net result for the year (+€39,506) and Depreciation (+€29,765)
- Receivables within one year +€5,326
up €5,326 (+37.7%), from €14,118 to €19,444
of which Other amounts receivable: +€5,241
- Deferred charges and accrued income +€1,965
new in 2025: €1,965
- Reserves +€39,506
up €39,506 (+32.0%), from €123,300 to €162,806
of which Non-distributable reserves: +€48,294
- Debts after one year -€26,521
down €26,521 (-36.8%), from €71,985 to €45,464
- Other debts -€24,523
no longer reported in 2025 (was €24,523)
- Tax, wage and social debts +€4,675
up €4,675 (+50.9%), from €9,184 to €13,858
- Turnover +€152,373
new in 2025: €152,373
- Purchases and services +€100,687
new in 2025: €100,687
- Taxes +€4,834
up €4,834 (+93.6%), from €5,166 to €10,000
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 | €190,769 | €184,222 | -€6,547 | -3.4% |
| Fixed assets | 21/28 | €170,219 | €142,072 | -€28,147 | -16.5% |
| Intangible fixed assets | 21 | €165,000 | €137,500 | -€27,500 | -16.7% |
| Tangible fixed assets | 22/27 | €5,219 | €4,572 | -€647 | -12.4% |
| Plant, machinery and equipment | 23 | €409 | - | -€409 | |
| Furniture and vehicles | 24 | €4,810 | €4,572 | -€239 | -5.0% |
| Current assets | 29/58 | €20,551 | €42,151 | +€21,600 | +105% |
| Amounts receivable within one year | 40/41 | €14,118 | €19,444 | +€5,326 | +37.7% |
| Trade receivables | 40 | €14,118 | €14,203 | +€85 | +0.6% |
| Other amounts receivable | 41 | - | €5,241 | +€5,241 | |
| Cash at bank and in hand | 54/58 | €6,433 | €20,742 | +€14,309 | +222% |
| Deferred charges and accrued income | 490/1 | - | €1,965 | +€1,965 | |
| Total equity and liabilities | 10/49 | €190,769 | €184,222 | -€6,547 | -3.4% |
| Equity | 10/15 | €57,606 | €97,111 | +€39,506 | +68.6% |
| 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 | €123,300 | €162,806 | +€39,506 | +32.0% |
| Non-distributable reserves | 130/1 | €114,511 | €162,806 | +€48,294 | +42.2% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €108,311 | €156,606 | +€48,294 | +44.6% |
| Distributable reserves | 133 | €8,789 | - | -€8,789 | |
| Profit (loss) carried forward | 14 | -€127,694 | -€127,694 | = | 0.0% |
| Amounts payable | 17/49 | €133,164 | €87,111 | -€46,053 | -34.6% |
| Amounts payable after more than one year | 17 | €71,985 | €45,464 | -€26,521 | -36.8% |
| Financial debts | 170/4 | €71,985 | €45,464 | -€26,521 | -36.8% |
| Amounts payable within one year | 42/48 | €61,179 | €41,647 | -€19,532 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €25,021 | €26,521 | +€1,500 | +6.0% |
| Trade debts | 44 | €2,451 | €1,268 | -€1,183 | -48.3% |
| Suppliers | 440/4 | €2,451 | €1,268 | -€1,183 | -48.3% |
| Taxes, remuneration and social security | 45 | €9,184 | €13,858 | +€4,675 | +50.9% |
| Taxes | 450/3 | €9,184 | €13,858 | +€4,675 | +50.9% |
| Other amounts payable | 47/48 | €24,523 | - | -€24,523 | |
| Turnover | 70 | - | €152,373 | +€152,373 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €100,687 | +€100,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,668 | €29,765 | +€97 | +0.3% |
| Gross operating margin | 9900 | €80,959 | €81,451 | +€492 | +0.6% |
| Operating profit (loss) | 9901 | €51,291 | €51,687 | +€395 | +0.8% |
| Financial income | 75/76B | €3 | €8 | +€5 | +160% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +160% |
| Financial charges | 65/66B | €2,692 | €2,189 | -€504 | -18.7% |
| Recurring financial charges | 65 | €2,692 | €2,189 | -€504 | -18.7% |
| Non-recurring financial charges | 66B | €2,692 | - | -€2,692 | |
| Profit (loss) for the period before taxes | 9903 | €48,602 | €49,506 | +€904 | +1.9% |
| Income taxes | 67/77 | €5,166 | €10,000 | +€4,834 | +93.6% |
| Profit (loss) for the period | 9904 | €43,436 | €39,506 | -€3,930 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,436 | €39,506 | -€3,930 | -9.0% |
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.