G.B.K.IMMO: 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.
G.B.K.IMMO
Largest movements
- Stocks and contracts +€35,135
up €35,135 (+66.0%), from €53,196 to €88,331
- Receivables within one year +€9,076
up €9,076 (+39.6%), from €22,917 to €31,994
of which Trade receivables: +€24,751
- Advances received +€37,399
new in 2025: €37,399
- Trade debts +€16,780
up €16,780 (+290%), from €5,793 to €22,572
- Tax, wage and social debts -€4,498
down €4,498 (-43.9%), from €10,258 to €5,760
- Accrued charges and deferred income -€4,000
no longer reported in 2025 (was €4,000)
- Profit (loss) carried forward -€1,746
down €1,746 (-132%), from -€1,318 to -€3,063
- Other operating charges +€1,936
up €1,936 (+3,872%), from €50 to €1,986
- Gross operating margin +€1,233
up €1,233, from -€737 to €496
- Financial charges -€275
down €275 (-51.8%), from €531 to €256
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 | €76,440 | €121,012 | +€44,572 | +58.3% |
| Current assets | 29/58 | €76,440 | €121,012 | +€44,572 | +58.3% |
| Stocks and contracts in progress | 3 | €53,196 | €88,331 | +€35,135 | +66.0% |
| Contracts in progress | 37 | €53,196 | €88,331 | +€35,135 | +66.0% |
| Amounts receivable within one year | 40/41 | €22,917 | €31,994 | +€9,076 | +39.6% |
| Trade receivables | 40 | - | €24,751 | +€24,751 | |
| Other amounts receivable | 41 | €22,917 | €7,243 | -€15,675 | -68.4% |
| Cash at bank and in hand | 54/58 | €327 | €687 | +€360 | +110% |
| Total equity and liabilities | 10/49 | €76,440 | €121,012 | +€44,572 | +58.3% |
| Equity | 10/15 | €56,389 | €54,644 | -€1,746 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,107 | €39,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,247 | €37,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,318 | -€3,063 | -€1,746 | -132% |
| Amounts payable | 17/49 | €20,051 | €66,368 | +€46,317 | +231% |
| Amounts payable within one year | 42/48 | €16,051 | €66,368 | +€50,317 | +313% |
| Trade debts | 44 | €5,793 | €22,572 | +€16,780 | +290% |
| Suppliers | 440/4 | €5,793 | €22,572 | +€16,780 | +290% |
| Advances received on contracts in progress | 46 | - | €37,399 | +€37,399 | |
| Taxes, remuneration and social security | 45 | €10,258 | €5,760 | -€4,498 | -43.9% |
| Taxes | 450/3 | €10,258 | €5,760 | -€4,498 | -43.9% |
| Other amounts payable | 47/48 | - | €637 | +€637 | |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Other operating charges | 640/8 | €50 | €1,986 | +€1,936 | +3,872% |
| Gross operating margin | 9900 | -€737 | €496 | +€1,233 | |
| Operating profit (loss) | 9901 | -€787 | -€1,490 | -€703 | -89.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €531 | €256 | -€275 | -51.8% |
| Recurring financial charges | 65 | €531 | €256 | -€275 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,318 | -€1,746 | -€428 | -32.5% |
| Profit (loss) for the period | 9904 | -€1,318 | -€1,746 | -€428 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,318 | -€1,746 | -€428 | -32.5% |
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 27 October 2026 via checked.be.