IMMOGOM: 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.
IMMOGOM
Largest movements
- Receivables within one year +€104,533
up €104,533 (+45.2%), from €231,357 to €335,890
of which Trade receivables: +€102,000
- Cash +€44,434
up €44,434 (+274,622%), from €16 to €44,450
mainly Trade debts (+€72,147) and Other debts (+€60,850)
- Tangible fixed assets +€38,883
up €38,883 (+9.1%), from €425,114 to €463,998
of which Land and buildings: +€40,883
- Trade debts +€72,147
up €72,147 (+61.7%), from €116,899 to €189,046
- Other debts +€60,850
up €60,850 (+61.5%), from €98,938 to €159,788
- Debts after one year +€22,701
new in 2025: €22,701
- Reserves +€21,581
up €21,581 (+9.3%), from €231,239 to €252,820
of which Distributable reserves: +€21,581
- Current portion of long-term debt +€14,828
new in 2025: €14,828
- Other operating charges -€45,338
down €45,338 (-97.2%), from €46,632 to €1,294
- Gross operating margin -€26,995
down €26,995 (-42.8%), from €63,047 to €36,052
- Taxes +€5,160
new in 2025: €5,160
- Depreciation +€4,300
up €4,300 (+151%), from €2,845 to €7,146
- Financial charges +€659
up €659 (+310%), from €213 to €872
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 | €656,487 | €851,145 | +€194,658 | +29.7% |
| Fixed assets | 21/28 | €425,114 | €463,998 | +€38,883 | +9.1% |
| Tangible fixed assets | 22/27 | €425,114 | €463,998 | +€38,883 | +9.1% |
| Land and buildings | 22 | €415,759 | €456,643 | +€40,883 | +9.8% |
| Furniture and vehicles | 24 | €9,355 | €7,355 | -€2,000 | -21.4% |
| Current assets | 29/58 | €231,373 | €387,147 | +€155,774 | +67.3% |
| Amounts receivable within one year | 40/41 | €231,357 | €335,890 | +€104,533 | +45.2% |
| Trade receivables | 40 | €195,425 | €297,425 | +€102,000 | +52.2% |
| Other amounts receivable | 41 | €35,932 | €38,465 | +€2,533 | +7.0% |
| Cash at bank and in hand | 54/58 | €16 | €44,450 | +€44,434 | +274,622% |
| Deferred charges and accrued income | 490/1 | €0 | €6,808 | +€6,808 | |
| Total equity and liabilities | 10/49 | €656,487 | €851,145 | +€194,658 | +29.7% |
| Equity | 10/15 | €438,041 | €459,622 | +€21,581 | +4.9% |
| Contributions | 10/11 | €206,802 | €206,802 | = | 0.0% |
| Reserves | 13 | €231,239 | €252,820 | +€21,581 | +9.3% |
| Non-distributable reserves | 130/1 | €20,680 | €20,680 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,680 | €20,680 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,015 | €1,015 | = | 0.0% |
| Distributable reserves | 133 | €209,544 | €231,125 | +€21,581 | +10.3% |
| Amounts payable | 17/49 | €218,446 | €391,523 | +€173,077 | +79.2% |
| Amounts payable after more than one year | 17 | - | €22,701 | +€22,701 | |
| Financial debts | 170/4 | - | €22,701 | +€22,701 | |
| Amounts payable within one year | 42/48 | €215,837 | €368,822 | +€152,985 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,828 | +€14,828 | |
| Trade debts | 44 | €116,899 | €189,046 | +€72,147 | +61.7% |
| Suppliers | 440/4 | €116,899 | €189,046 | +€72,147 | +61.7% |
| Taxes, remuneration and social security | 45 | - | €5,160 | +€5,160 | |
| Taxes | 450/3 | - | €5,160 | +€5,160 | |
| Other amounts payable | 47/48 | €98,938 | €159,788 | +€60,850 | +61.5% |
| Accrued charges and deferred income | 492/3 | €2,610 | €0 | -€2,610 | -100% |
| Non-recurring operating income | 76A | - | €20,869 | +€20,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,845 | €7,146 | +€4,300 | +151% |
| Other operating charges | 640/8 | €46,632 | €1,294 | -€45,338 | -97.2% |
| Gross operating margin | 9900 | €63,047 | €36,052 | -€26,995 | -42.8% |
| Operating profit (loss) | 9901 | €13,570 | €27,613 | +€14,043 | +103% |
| Financial charges | 65/66B | €213 | €872 | +€659 | +310% |
| Recurring financial charges | 65 | €213 | €872 | +€659 | +310% |
| Profit (loss) for the period before taxes | 9903 | €13,357 | €26,741 | +€13,384 | +100% |
| Income taxes | 67/77 | - | €5,160 | +€5,160 | |
| Profit (loss) for the period | 9904 | €13,357 | €21,581 | +€8,224 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,357 | €21,581 | +€8,224 | +61.6% |
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 19 October 2026 via checked.be.