IMMO G.: 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.
IMMO G.
Largest movements
- Tangible fixed assets -€62,537
down €62,537 (-4.3%), from €1.5m to €1.4m
of which Land and buildings: -€54,537
- Receivables within one year +€42,876
up €42,876 (+132%), from €32,488 to €75,364
of which Trade receivables: +€51,889
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,520
up €4,520 (+4.6%), from €97,578 to €102,098
- Financial charges +€4,099
up €4,099 (+17.0%), from €24,168 to €28,267
- Taxes -€1,656
down €1,656 (-99.8%), from €1,659 to €3
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 | €1,493,767 | €1,477,062 | -€16,705 | -1.1% |
| Fixed assets | 21/28 | €1,461,229 | €1,398,692 | -€62,537 | -4.3% |
| Tangible fixed assets | 22/27 | €1,461,229 | €1,398,692 | -€62,537 | -4.3% |
| Land and buildings | 22 | €1,419,687 | €1,365,149 | -€54,537 | -3.8% |
| Plant, machinery and equipment | 23 | €41,542 | €33,542 | -€8,000 | -19.3% |
| Current assets | 29/58 | €32,538 | €78,371 | +€45,833 | +141% |
| Amounts receivable within one year | 40/41 | €32,488 | €75,364 | +€42,876 | +132% |
| Trade receivables | 40 | €23,125 | €75,014 | +€51,889 | +224% |
| Other amounts receivable | 41 | €9,363 | €350 | -€9,013 | -96.3% |
| Cash at bank and in hand | 54/58 | €0 | €3,006 | +€3,006 | |
| Deferred charges and accrued income | 490/1 | €50 | €0 | -€50 | -100% |
| Total equity and liabilities | 10/49 | €1,493,767 | €1,477,062 | -€16,705 | -1.1% |
| Equity | 10/15 | €634,354 | €628,548 | -€5,806 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €601,945 | €590,155 | -€11,790 | -2.0% |
| Reserves | 13 | €53,055 | €64,845 | +€11,790 | +22.2% |
| Non-distributable reserves | 130/1 | €53,055 | €64,845 | +€11,790 | +22.2% |
| Reserves not available under the articles | 1311 | €53,055 | €64,845 | +€11,790 | +22.2% |
| Profit (loss) carried forward | 14 | -€39,246 | -€45,052 | -€5,806 | -14.8% |
| Amounts payable | 17/49 | €859,413 | €848,514 | -€10,899 | -1.3% |
| Amounts payable after more than one year | 17 | €702,341 | €716,686 | +€14,345 | +2.0% |
| Financial debts | 170/4 | €695,341 | €706,886 | +€11,545 | +1.7% |
| Other amounts payable | 178/9 | €7,000 | €9,800 | +€2,800 | +40.0% |
| Amounts payable within one year | 42/48 | €157,072 | €131,828 | -€25,244 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €74,146 | €60,525 | -€13,621 | -18.4% |
| Financial debts | 43 | €5 | €0 | -€5 | -100% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -100% |
| Trade debts | 44 | €52,222 | €46,038 | -€6,184 | -11.8% |
| Suppliers | 440/4 | €52,222 | €46,038 | -€6,184 | -11.8% |
| Taxes, remuneration and social security | 45 | €1,659 | €1,659 | = | 0.0% |
| Taxes | 450/3 | €1,659 | €1,659 | = | 0.0% |
| Other amounts payable | 47/48 | €29,041 | €23,607 | -€5,434 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,537 | €62,537 | = | 0.0% |
| Other operating charges | 640/8 | €16,575 | €17,105 | +€530 | +3.2% |
| Gross operating margin | 9900 | €97,578 | €102,098 | +€4,520 | +4.6% |
| Operating profit (loss) | 9901 | €18,465 | €22,455 | +€3,990 | +21.6% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €24,168 | €28,267 | +€4,099 | +17.0% |
| Recurring financial charges | 65 | €24,168 | €28,267 | +€4,099 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,703 | -€5,803 | -€101 | -1.8% |
| Income taxes | 67/77 | €1,659 | €3 | -€1,656 | -99.8% |
| Profit (loss) for the period | 9904 | -€7,362 | -€5,806 | +€1,556 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,362 | -€5,806 | +€1,556 | +21.1% |
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 22 October 2026 via checked.be.