G.L. 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.L. IMMO
Largest movements
- Tangible fixed assets -€27,339
down €27,339 (-5.0%), from €550,436 to €523,098
of which Land and buildings: -€26,627
- Debts after one year -€86,907
down €86,907 (-13.4%), from €646,719 to €559,811
- Other debts +€45,699
up €45,699 (+34.5%), from €132,453 to €178,152
- Reserves +€38,987
up €38,987 (+127%), from €30,762 to €69,749
- Profit (loss) carried forward -€23,730
down €23,730 (-100%), from €23,730 to €0
- Gross operating margin +€12,438
up €12,438 (+19.7%), from €63,034 to €75,472
- Financial charges -€4,129
down €4,129 (-25.5%), from €16,220 to €12,091
- Taxes +€3,827
up €3,827 (+352%), from €1,086 to €4,913
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 | €941,258 | €916,116 | -€25,143 | -2.7% |
| Fixed assets | 21/28 | €930,436 | €903,098 | -€27,339 | -2.9% |
| Tangible fixed assets | 22/27 | €550,436 | €523,098 | -€27,339 | -5.0% |
| Land and buildings | 22 | €543,486 | €516,859 | -€26,627 | -4.9% |
| Plant, machinery and equipment | 23 | €5,415 | €3,342 | -€2,073 | -38.3% |
| Furniture and vehicles | 24 | €1,536 | €2,897 | +€1,361 | +88.6% |
| Financial fixed assets | 28 | €380,000 | €380,000 | = | 0.0% |
| Current assets | 29/58 | €10,822 | €13,018 | +€2,196 | +20.3% |
| Amounts receivable within one year | 40/41 | €5,414 | €4,501 | -€913 | -16.9% |
| Other amounts receivable | 41 | €5,414 | €4,501 | -€913 | -16.9% |
| Cash at bank and in hand | 54/58 | €5,408 | €8,517 | +€3,109 | +57.5% |
| Total equity and liabilities | 10/49 | €941,258 | €916,116 | -€25,143 | -2.7% |
| Equity | 10/15 | €73,092 | €88,349 | +€15,257 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,762 | €69,749 | +€38,987 | +127% |
| Distributable reserves | 133 | €30,762 | €69,749 | +€38,987 | +127% |
| Profit (loss) carried forward | 14 | €23,730 | €0 | -€23,730 | -100% |
| Amounts payable | 17/49 | €868,167 | €827,767 | -€40,399 | -4.7% |
| Amounts payable after more than one year | 17 | €646,719 | €559,811 | -€86,907 | -13.4% |
| Financial debts | 170/4 | €646,719 | €559,811 | -€86,907 | -13.4% |
| Amounts payable within one year | 42/48 | €221,448 | €267,956 | +€46,508 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €86,838 | €88,468 | +€1,630 | +1.9% |
| Trade debts | 44 | €543 | €536 | -€7 | -1.4% |
| Suppliers | 440/4 | €543 | €536 | -€7 | -1.4% |
| Taxes, remuneration and social security | 45 | €1,614 | €800 | -€814 | -50.4% |
| Taxes | 450/3 | €1,614 | €800 | -€814 | -50.4% |
| Other amounts payable | 47/48 | €132,453 | €178,152 | +€45,699 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,251 | €35,921 | +€670 | +1.9% |
| Other operating charges | 640/8 | €7,560 | €7,290 | -€270 | -3.6% |
| Gross operating margin | 9900 | €63,034 | €75,472 | +€12,438 | +19.7% |
| Operating profit (loss) | 9901 | €20,223 | €32,261 | +€12,038 | +59.5% |
| Financial charges | 65/66B | €16,220 | €12,091 | -€4,129 | -25.5% |
| Recurring financial charges | 65 | €16,220 | €12,091 | -€4,129 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €4,003 | €20,170 | +€16,167 | +404% |
| Income taxes | 67/77 | €1,086 | €4,913 | +€3,827 | +352% |
| Profit (loss) for the period | 9904 | €2,917 | €15,257 | +€12,340 | +423% |
| Profit (loss) for the period to be appropriated | 9905 | €2,917 | €15,257 | +€12,340 | +423% |
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 26 October 2026 via checked.be.