IMMOGULPEN: 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.
IMMOGULPEN
Largest movements
- Cash -€9,716
down €9,716 (-91.0%), from €10,675 to €960
mainly Net result for the year (-€28,829) and Deferred charges and accrued income (-€878)
- Tangible fixed assets -€9,134
down €9,134 (-30.5%), from €29,963 to €20,829
of which Land and buildings: -€8,575
- Receivables within one year -€3,820
down €3,820 (-26.8%), from €14,231 to €10,411
of which Trade receivables: -€2,299
- Deferred charges and accrued income +€878
up €878 (+83.6%), from €1,049 to €1,927
- Profit (loss) carried forward -€28,829
down €28,829 (-23.4%), from -€123,305 to -€152,135
- Trade debts +€5,375
up €5,375 (+82.4%), from €6,521 to €11,896
- Other debts +€1,735
up €1,735 (+2.3%), from €76,642 to €78,377
- Gross operating margin +€9,576
up €9,576 (+36.4%), from -€26,327 to -€16,751
- Depreciation -€1,638
down €1,638 (-15.2%), from €10,773 to €9,134
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 | €55,919 | €34,127 | -€21,792 | -39.0% |
| Fixed assets | 21/28 | €29,963 | €20,829 | -€9,134 | -30.5% |
| Tangible fixed assets | 22/27 | €29,963 | €20,829 | -€9,134 | -30.5% |
| Land and buildings | 22 | €29,404 | €20,829 | -€8,575 | -29.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €559 | €0 | -€559 | -100% |
| Current assets | 29/58 | €25,956 | €13,298 | -€12,658 | -48.8% |
| Amounts receivable within one year | 40/41 | €14,231 | €10,411 | -€3,820 | -26.8% |
| Trade receivables | 40 | €2,299 | - | -€2,299 | |
| Other amounts receivable | 41 | €11,932 | €10,411 | -€1,521 | -12.7% |
| Cash at bank and in hand | 54/58 | €10,675 | €960 | -€9,716 | -91.0% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,927 | +€878 | +83.6% |
| Total equity and liabilities | 10/49 | €55,919 | €34,127 | -€21,792 | -39.0% |
| Equity | 10/15 | -€29,165 | -€57,994 | -€28,829 | -98.8% |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Capital | 10 | €61,600 | €61,600 | = | 0.0% |
| Issued capital | 100 | €61,600 | €61,600 | = | 0.0% |
| Reserves | 13 | €32,540 | €32,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,790 | €13,790 | = | 0.0% |
| Legal reserve | 130 | €13,790 | €13,790 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,305 | -€152,135 | -€28,829 | -23.4% |
| Amounts payable | 17/49 | €85,084 | €92,121 | +€7,037 | +8.3% |
| Amounts payable within one year | 42/48 | €85,084 | €92,121 | +€7,037 | +8.3% |
| Trade debts | 44 | €6,521 | €11,896 | +€5,375 | +82.4% |
| Suppliers | 440/4 | €6,521 | €11,896 | +€5,375 | +82.4% |
| Taxes, remuneration and social security | 45 | €1,921 | €1,848 | -€74 | -3.8% |
| Taxes | 450/3 | €1,921 | €1,848 | -€74 | -3.8% |
| Other amounts payable | 47/48 | €76,642 | €78,377 | +€1,735 | +2.3% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,773 | €9,134 | -€1,638 | -15.2% |
| Other operating charges | 640/8 | €1,876 | €1,868 | -€8 | -0.4% |
| Non-recurring operating charges | 66A | €4,731 | €677 | -€4,054 | -85.7% |
| Gross operating margin | 9900 | -€26,327 | -€16,751 | +€9,576 | +36.4% |
| Operating profit (loss) | 9901 | -€43,706 | -€28,430 | +€15,276 | +35.0% |
| Financial charges | 65/66B | €90 | €117 | +€27 | +30.4% |
| Recurring financial charges | 65 | €90 | €117 | +€27 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,796 | -€28,548 | +€15,248 | +34.8% |
| Income taxes | 67/77 | €277 | €281 | +€4 | +1.5% |
| Profit (loss) for the period | 9904 | -€44,073 | -€28,829 | +€15,244 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,073 | -€28,829 | +€15,244 | +34.6% |
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 21 October 2026 via checked.be.