IMMOGUE: 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.
IMMOGUE
Largest movements
- Tangible fixed assets +€944,990
up €944,990 (+44.8%), from €2.1m to €3.1m
of which Assets under construction and advance payments: +€996,991
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€255,551
up €255,551 (+48.8%), from €523,566 to €779,117
mainly Other debts (+€963,451) and Current investments (+€300,000)
- Other debts +€963,451
up €963,451 (+32.0%), from €3.0m to €4.0m
- Trade debts -€54,217
down €54,217 (-95.1%), from €57,023 to €2,806
- Depreciation -€26,062
down €26,062 (-33.4%), from €78,063 to €52,002
- Gross operating margin +€1,773
up €1,773 (+2.7%), from €65,753 to €67,526
- Taxes -€706
down €706 (-100%), from €706 to €0
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 | €2,942,244 | €3,841,329 | +€899,085 | +30.6% |
| Fixed assets | 21/28 | €2,109,545 | €3,054,535 | +€944,990 | +44.8% |
| Tangible fixed assets | 22/27 | €2,109,545 | €3,054,535 | +€944,990 | +44.8% |
| Land and buildings | 22 | €1,803,335 | €1,751,334 | -€52,002 | -2.9% |
| Assets under construction and advance payments | 27 | €306,210 | €1,303,201 | +€996,991 | +326% |
| Current assets | 29/58 | €832,699 | €786,794 | -€45,905 | -5.5% |
| Amounts receivable within one year | 40/41 | €2,784 | €3,704 | +€920 | +33.1% |
| Trade receivables | 40 | €163 | €0 | -€163 | -100% |
| Other amounts receivable | 41 | €2,621 | €3,704 | +€1,083 | +41.3% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €523,566 | €779,117 | +€255,551 | +48.8% |
| Deferred charges and accrued income | 490/1 | €6,349 | €3,973 | -€2,376 | -37.4% |
| Total equity and liabilities | 10/49 | €2,942,244 | €3,841,329 | +€899,085 | +30.6% |
| Equity | 10/15 | -€256,644 | -€249,145 | +€7,500 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,944 | -€255,445 | +€7,500 | +2.9% |
| Amounts payable | 17/49 | €3,198,888 | €4,090,473 | +€891,585 | +27.9% |
| Amounts payable after more than one year | 17 | €108,186 | €91,293 | -€16,893 | -15.6% |
| Financial debts | 170/4 | €108,186 | €88,193 | -€19,993 | -18.5% |
| Other amounts payable | 178/9 | - | €3,100 | +€3,100 | |
| Amounts payable within one year | 42/48 | €3,089,352 | €3,999,180 | +€909,828 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €19,399 | €19,993 | +€594 | +3.1% |
| Trade debts | 44 | €57,023 | €2,806 | -€54,217 | -95.1% |
| Suppliers | 440/4 | €57,023 | €2,806 | -€54,217 | -95.1% |
| Other amounts payable | 47/48 | €3,012,930 | €3,976,381 | +€963,451 | +32.0% |
| Accrued charges and deferred income | 492/3 | €1,350 | €0 | -€1,350 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,063 | €52,002 | -€26,062 | -33.4% |
| Other operating charges | 640/8 | €6,217 | €6,581 | +€364 | +5.9% |
| Gross operating margin | 9900 | €65,753 | €67,526 | +€1,773 | +2.7% |
| Operating profit (loss) | 9901 | -€18,528 | €8,943 | +€27,471 | |
| Financial income | 75/76B | €2,352 | €2,345 | -€7 | -0.3% |
| Recurring financial income | 75 | €2,352 | €2,345 | -€7 | -0.3% |
| Financial charges | 65/66B | €4,369 | €3,788 | -€581 | -13.3% |
| Recurring financial charges | 65 | €4,369 | €3,788 | -€581 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,545 | €7,500 | +€28,045 | |
| Income taxes | 67/77 | €706 | €0 | -€706 | -100% |
| Profit (loss) for the period | 9904 | -€21,251 | €7,500 | +€28,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,251 | €7,500 | +€28,750 |
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 13 October 2026 via checked.be.