IMMOGESTK: 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.
IMMOGESTK
Largest movements
- Tangible fixed assets -€18,204
down €18,204 (-4.2%), from €437,411 to €419,206
of which Land and buildings: -€18,204
- Cash +€16,509
up €16,509 (+50.0%), from €33,028 to €49,537
mainly Depreciation (+€18,204) and Net result for the year (+€2,433)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,238
up €4,238 (+20.2%), from €20,957 to €25,196
- Taxes +€1,039
up €1,039 (+54.0%), from €1,925 to €2,964
- Financial income +€767
up €767 (+194%), from €396 to €1,164
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 | €526,850 | €525,215 | -€1,635 | -0.3% |
| Fixed assets | 21/28 | €437,411 | €419,206 | -€18,204 | -4.2% |
| Tangible fixed assets | 22/27 | €437,411 | €419,206 | -€18,204 | -4.2% |
| Land and buildings | 22 | €341,844 | €323,640 | -€18,204 | -5.3% |
| Other tangible fixed assets | 26 | €95,567 | €95,567 | = | 0.0% |
| Current assets | 29/58 | €89,439 | €106,009 | +€16,569 | +18.5% |
| Amounts receivable within one year | 40/41 | €2,119 | €128 | -€1,991 | -93.9% |
| Trade receivables | 40 | €1,824 | €0 | -€1,824 | -100% |
| Other amounts receivable | 41 | €295 | €128 | -€167 | -56.6% |
| Current investments | 50/53 | €54,292 | €54,292 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,028 | €49,537 | +€16,509 | +50.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,052 | +€2,052 | |
| Total equity and liabilities | 10/49 | €526,850 | €525,215 | -€1,635 | -0.3% |
| Equity | 10/15 | €465,431 | €464,428 | -€1,003 | -0.2% |
| Contributions | 10/11 | €251,988 | €251,988 | = | 0.0% |
| Reserves | 13 | €213,443 | €212,440 | -€1,003 | -0.5% |
| Tax-exempt reserves | 132 | €117,349 | €111,298 | -€6,052 | -5.2% |
| Distributable reserves | 133 | €96,094 | €101,143 | +€5,049 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €54,448 | €51,332 | -€3,116 | -5.7% |
| Deferred taxes | 168 | €54,448 | €51,332 | -€3,116 | -5.7% |
| Amounts payable | 17/49 | €6,971 | €9,454 | +€2,484 | +35.6% |
| Amounts payable within one year | 42/48 | €6,971 | €9,454 | +€2,484 | +35.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €206 | €1,949 | +€1,743 | +846% |
| Taxes | 450/3 | €206 | €1,949 | +€1,743 | +846% |
| Other amounts payable | 47/48 | €6,764 | €7,505 | +€741 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,204 | €18,204 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,490 | €5,596 | +€106 | +1.9% |
| Gross operating margin | 9900 | €20,957 | €25,196 | +€4,238 | +20.2% |
| Operating profit (loss) | 9901 | -€2,737 | €1,395 | +€4,132 | |
| Financial income | 75/76B | €396 | €1,164 | +€767 | +194% |
| Recurring financial income | 75 | €396 | €1,164 | +€767 | +194% |
| Financial charges | 65/66B | €242 | €278 | +€35 | +14.6% |
| Recurring financial charges | 65 | €242 | €278 | +€35 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,583 | €2,281 | +€4,864 | |
| Transfer from deferred taxes | 780 | €3,116 | €3,116 | = | 0.0% |
| Income taxes | 67/77 | €1,925 | €2,964 | +€1,039 | +54.0% |
| Profit (loss) for the period | 9904 | -€1,392 | €2,433 | +€3,825 | |
| Transfer from tax-exempt reserves | 789 | €6,052 | €6,052 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,660 | €8,485 | +€3,825 | +82.1% |
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 16 October 2026 via checked.be.