IMMOGIJS: 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.
What changed
IMMOGIJS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€106,625
2024 · €55,057+€51,568
Equity
€1.2m
2024 · €1.1m+€106,625
Cash
€212,523
2024 · €89,897+€122,625
Balance sheet total
€2.0m
2024 · €2.0m+€59,199
Largest movements
Assets
- Cash +€122,625
up €122,625 (+136%), from €89,897 to €212,523
mainly Net result for the year (+€106,625) and Depreciation (+€51,580)
- Tangible fixed assets -€45,727
down €45,727 (-2.5%), from €1.8m to €1.8m
Equity and liabilities
- Reserves +€106,625
up €106,625 (+14.6%), from €732,667 to €839,293
of which Distributable reserves: +€108,206
- Current portion of long-term debt -€75,000
down €75,000 (-100%), from €75,000 to €0
Income statement
- Write-downs -€66,240
down €66,240 (-100%), from €66,240 to €0
- Taxes +€18,288
up €18,288 (+99.3%), from €18,421 to €36,709
- Gross operating margin +€14,732
up €14,732 (+5.7%), from €259,535 to €274,267
- Financial charges +€6,878
up €6,878 (+29.2%), from €23,566 to €30,445
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.
Result 2024
€55,057
Gross operating margin
+€14,732
Depreciation
-€1,504
Write-downs
+€66,240
Other operating charges
-€2,711
Financial income
-€23
Financial charges
-€6,878
Taxes
-€18,288
Result 2025
€106,625
raises the resultlowers the result
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.
From operations
+€203,479
Investment
-€5,853
Financing
-€75,000
Cash 2024
€89,897
From operations (derived)
+€203,479
Net result for the year
+€106,625
Depreciation
+€51,580
Receivables within one year
+€18,137
Deferred charges and accrued income
-€437
Provisions
-€527
Trade debts
-€599
Tax, wage and social debts
+€20,404
Accrued charges and deferred income
+€8,296
Investment (derived)
-€5,853
Investment in fixed assets (net)
-€5,853
Financing
-€75,000
Current portion of long-term debt
-€75,000
Cash 2025
€212,523
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,989,125 | €2,048,324 | +€59,199 | +3.0% |
| Fixed assets | 21/28 | €1,827,803 | €1,782,077 | -€45,727 | -2.5% |
| Tangible fixed assets | 22/27 | €1,827,803 | €1,782,077 | -€45,727 | -2.5% |
| Land and buildings | 22 | €1,827,803 | €1,782,077 | -€45,727 | -2.5% |
| Current assets | 29/58 | €161,321 | €266,247 | +€104,925 | +65.0% |
| Amounts receivable within one year | 40/41 | €68,962 | €50,825 | -€18,137 | -26.3% |
| Trade receivables | 40 | €51,109 | €50,825 | -€285 | -0.6% |
| Other amounts receivable | 41 | €17,853 | €0 | -€17,853 | -100% |
| Cash at bank and in hand | 54/58 | €89,897 | €212,523 | +€122,625 | +136% |
| Deferred charges and accrued income | 490/1 | €2,462 | €2,899 | +€437 | +17.8% |
| Total equity and liabilities | 10/49 | €1,989,125 | €2,048,324 | +€59,199 | +3.0% |
| Equity | 10/15 | €1,052,913 | €1,159,538 | +€106,625 | +10.1% |
| Contributions | 10/11 | €308,602 | €308,602 | = | 0.0% |
| Contributions outside capital | 11 | €308,602 | - | -€308,602 | |
| Other | 1109/19 | €308,602 | - | -€308,602 | |
| Reserves | 13 | €732,667 | €839,293 | +€106,625 | +14.6% |
| Tax-exempt reserves | 132 | €50,111 | €48,530 | -€1,581 | -3.2% |
| Distributable reserves | 133 | €682,556 | €790,762 | +€108,206 | +15.9% |
| Profit (loss) carried forward | 14 | €11,643 | €11,643 | = | 0.0% |
| Provisions and deferred taxes | 16 | €61,690 | €61,163 | -€527 | -0.9% |
| Provisions for liabilities and charges | 160/5 | €44,986 | €44,986 | = | 0.0% |
| Major repairs and maintenance | 162 | €44,986 | €44,986 | = | 0.0% |
| Deferred taxes | 168 | €16,704 | €16,177 | -€527 | -3.2% |
| Amounts payable | 17/49 | €874,522 | €827,623 | -€46,899 | -5.4% |
| Amounts payable after more than one year | 17 | €745,000 | €745,000 | = | 0.0% |
| Other amounts payable | 178/9 | €745,000 | €745,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,706 | €29,511 | -€55,195 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €0 | -€75,000 | -100% |
| Trade debts | 44 | €1,897 | €1,298 | -€599 | -31.6% |
| Suppliers | 440/4 | €1,897 | €1,298 | -€599 | -31.6% |
| Taxes, remuneration and social security | 45 | €7,809 | €28,213 | +€20,404 | +261% |
| Taxes | 450/3 | €7,809 | €28,213 | +€20,404 | +261% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €44,816 | €53,112 | +€8,296 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,076 | €51,580 | +€1,504 | +3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,240 | €0 | -€66,240 | -100% |
| Other operating charges | 640/8 | €47,157 | €49,868 | +€2,711 | +5.7% |
| Gross operating margin | 9900 | €259,535 | €274,267 | +€14,732 | +5.7% |
| Operating profit (loss) | 9901 | €96,062 | €172,820 | +€76,758 | +79.9% |
| Financial income | 75/76B | €455 | €432 | -€23 | -5.0% |
| Recurring financial income | 75 | €455 | €432 | -€23 | -5.0% |
| Financial charges | 65/66B | €23,566 | €30,445 | +€6,878 | +29.2% |
| Recurring financial charges | 65 | €23,566 | €30,445 | +€6,878 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €72,951 | €142,808 | +€69,857 | +95.8% |
| Transfer from deferred taxes | 780 | €527 | €527 | = | 0.0% |
| Income taxes | 67/77 | €18,421 | €36,709 | +€18,288 | +99.3% |
| Profit (loss) for the period | 9904 | €55,057 | €106,625 | +€51,568 | +93.7% |
| Transfer from tax-exempt reserves | 789 | €1,581 | €1,581 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,638 | €108,206 | +€51,568 | +91.0% |
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 16 October 2026 via checked.be.