Société Immobilière et Financière Industrie Guimard: what changed
Two fiscal 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
Société Immobilière et Financière Industrie Guimard
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€572,559+€2.2m
Equity
€73.4m
2024 · €71.8m+€1.6m
Cash
€95,444
2024 · €1.1m-€1.0m
Balance sheet total
€74.1m
2024 · €72.0m+€2.0m
Largest movements
Assets
- Tangible fixed assets +€2.8m
up €2.8m (+11.6%), from €24.2m to €27.0m
of which Other tangible fixed assets: +€2.8m
- Cash -€1.0m
down €1.0m (-91.4%), from €1.1m to €95,444
mainly Investment in fixed assets (net) (-€3.4m) and Receivables within one year (-€244,423)
Equity and liabilities
- Profit (loss) carried forward +€1.6m
up €1.6m (+27.9%), from €5.6m to €7.2m
Income statement
- Depreciation -€1.6m
down €1.6m (-72.2%), from €2.2m to €611,644
- Other operating income +€988,017
up €988,017 (+246.2%), from €401,378 to €1.4m
- Turnover +€591,032
up €591,032 (+21.6%), from €2.7m to €3.3m
- Taxes +€558,602
new in 2025: €558,602
- Other operating charges -€160,174
down €160,174 (-19.9%), from €805,978 to €645,804
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
-€572,559
Turnover
+€591,032
Other operating income
+€988,017
Services and other goods
+€63,010
Staff costs
+€17,030
Depreciation
+€1.6m
Other operating charges
+€160,174
Other operating items
-€652,067
Financial income
+€29,668
Financial charges
+€4,951
Other financial items
-€11,720
Taxes
-€558,602
Result 2025
€1.6m
Cash bridge derived
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
+€2.4m
Investment
-€3.4m
Financing
-€1
Cash 2024
€1.1m
From operations (derived)
+€2.4m
Net result for the year
+€1.6m
Depreciation
+€611,644
Receivables within one year
-€244,423
Trade debts
+€385,764
Tax, wage and social debts
+€58,922
Accrued charges and deferred income
-€61,450
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€3.4m
Current investments
+€7,667
Financing
-€1
Contributions, distributions and other
-€1
Cash 2025
€95,444
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,047,348 | €74,079,606 | +€2.0m | +2.8% |
| Fixed assets | 21/28 | €70,040,017 | €72,852,731 | +€2.8m | +4.0% |
| Tangible fixed assets | 22/27 | €24,229,148 | €27,045,047 | +€2.8m | +11.6% |
| Furniture and vehicles | 24 | €3,099 | €973 | -€2,126 | -68.6% |
| Other tangible fixed assets | 26 | €24,226,049 | €27,044,075 | +€2.8m | +11.6% |
| Financial fixed assets | 28 | €45,810,869 | €45,807,684 | -€3,185 | 0.0% |
| Affiliated companies | 280/1 | €45,490,391 | €45,487,206 | -€3,185 | 0.0% |
| Participating interests | 280 | €45,490,391 | €45,487,206 | -€3,185 | 0.0% |
| Other financial fixed assets | 284/8 | €320,478 | €320,478 | +€0 | 0.0% |
| Shares | 284 | €320,478 | €320,478 | +€0 | 0.0% |
| Current assets | 29/58 | €2,007,331 | €1,226,875 | -€780,456 | -38.9% |
| Amounts receivable within one year | 40/41 | €597,718 | €842,141 | +€244,423 | +40.9% |
| Trade receivables | 40 | €294,040 | €208,601 | -€85,439 | -29.1% |
| Other amounts receivable | 41 | €303,678 | €633,540 | +€329,862 | +108.6% |
| Current investments | 50/53 | €296,957 | €289,290 | -€7,667 | -2.6% |
| Other investments | 51/53 | €296,957 | €289,290 | -€7,667 | -2.6% |
| Cash at bank and in hand | 54/58 | €1,112,656 | €95,444 | -€1.0m | -91.4% |
| Total equity and liabilities | 10/49 | €72,047,348 | €74,079,606 | +€2.0m | +2.8% |
| Equity | 10/15 | €71,799,006 | €73,448,029 | +€1.6m | +2.3% |
| Contributions | 10/11 | €62,367,778 | €62,367,778 | +€0 | 0.0% |
| Capital | 10 | €62,367,778 | €62,367,778 | +€0 | 0.0% |
| Issued capital | 100 | €62,367,778 | €62,367,778 | +€0 | 0.0% |
| Reserves | 13 | €3,822,737 | €3,905,188 | +€82,451 | +2.2% |
| Non-distributable reserves | 130/1 | €660,893 | €743,344 | +€82,451 | +12.5% |
| Legal reserve | 130 | €660,319 | €742,770 | +€82,451 | +12.5% |
| Other | 1319 | €574 | €574 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €3,137,055 | €3,137,055 | -€0 | 0.0% |
| Distributable reserves | 133 | €24,789 | €24,789 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €5,608,491 | €7,175,063 | +€1.6m | +27.9% |
| Amounts payable | 17/49 | €248,342 | €631,577 | +€383,235 | +154.3% |
| Amounts payable within one year | 42/48 | €186,892 | €631,577 | +€444,685 | +237.9% |
| Trade debts | 44 | €66,640 | €452,404 | +€385,764 | +578.9% |
| Suppliers | 440/4 | €66,640 | €452,404 | +€385,764 | +578.9% |
| Taxes, remuneration and social security | 45 | €99,574 | €158,496 | +€58,922 | +59.2% |
| Taxes | 450/3 | €51,205 | €116,128 | +€64,923 | +126.8% |
| Remuneration and social security | 454/9 | €48,369 | €42,368 | -€6,001 | -12.4% |
| Other amounts payable | 47/48 | €20,678 | €20,678 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €61,450 | - | -€61,450 | |
| Operating income | 70/76A | €3,132,079 | €4,841,972 | +€1.7m | +54.6% |
| Turnover | 70 | €2,730,701 | €3,321,733 | +€591,032 | +21.6% |
| Other operating income | 74 | €401,378 | €1,389,395 | +€988,017 | +246.2% |
| Non-recurring operating income | 76A | - | €130,844 | +€130,844 | |
| Operating charges | 60/66A | €3,708,073 | €2,660,680 | -€1.0m | -28.2% |
| Services and other goods | 61 | €291,601 | €228,591 | -€63,010 | -21.6% |
| Remuneration, social security and pensions | 62 | €408,759 | €391,729 | -€17,030 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,201,735 | €611,644 | -€1.6m | -72.2% |
| Other operating charges | 640/8 | €805,978 | €645,804 | -€160,174 | -19.9% |
| Non-recurring operating charges | 66A | - | €782,911 | +€782,911 | |
| Operating profit (loss) | 9901 | -€575,994 | €2,181,292 | +€2.8m | |
| Financial income | 75/76B | - | €29,668 | +€29,668 | |
| Recurring financial income | 75 | €10,753 | €29,668 | +€18,915 | +175.9% |
| Income from financial fixed assets | 750 | - | €18,213 | +€18,213 | |
| Income from current assets | 751 | €10,753 | €11,200 | +€447 | +4.2% |
| Other financial income | 752/9 | - | €255 | +€255 | |
| Non-recurring financial income | 76B | €967 | - | -€967 | |
| Financial charges | 65/66B | €8,285 | €3,334 | -€4,951 | -59.8% |
| Recurring financial charges | 65 | €903 | €149 | -€754 | -83.5% |
| Debt charges | 650 | €903 | €107 | -€796 | -88.2% |
| Other financial charges | 652/9 | - | €42 | +€42 | |
| Non-recurring financial charges | 66B | €7,382 | €3,185 | -€4,197 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€572,559 | €2,207,626 | +€2.8m | |
| Income taxes | 67/77 | - | €558,602 | +€558,602 | |
| Taxes | 670/3 | - | €558,602 | +€558,602 | |
| Profit (loss) for the period | 9904 | -€572,559 | €1,649,023 | +€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€572,559 | €1,649,023 | +€2.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.