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 -€49,544
down €49,544 (-8.4%), from €591,553 to €542,010
of which Land and buildings: -€35,833
- Cash +€28,012
up €28,012 (+432%), from €6,479 to €34,491
mainly Depreciation (+€63,119) and Other debts (+€24,946)
- Other debts +€24,946
up €24,946 (+11.6%), from €214,309 to €239,256
- Debts after one year -€22,769
down €22,769 (-8.9%), from €254,604 to €231,834
of which Financial debts: -€22,769
- Profit (loss) carried forward -€13,368
down €13,368 (-24.5%), from -€54,641 to -€68,009
- Provisions -€12,000
down €12,000 (-17.0%), from €70,500 to €58,500
- Gross operating margin -€122,812
down €122,812 (-60.5%), from €202,985 to €80,173
- Other operating charges -€41,294
down €41,294 (-90.4%), from €45,661 to €4,368
- Staff costs +€18,800
up €18,800 (+251%), from €7,505 to €26,305
- Depreciation +€9,475
up €9,475 (+17.7%), from €53,645 to €63,119
- Provisions -€6,000
no longer reported in 2025 (was €6,000)
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 | €729,942 | €707,103 | -€22,839 | -3.1% |
| Fixed assets | 21/28 | €591,553 | €542,010 | -€49,544 | -8.4% |
| Tangible fixed assets | 22/27 | €591,553 | €542,010 | -€49,544 | -8.4% |
| Land and buildings | 22 | €427,243 | €391,410 | -€35,833 | -8.4% |
| Plant, machinery and equipment | 23 | €154,732 | €135,037 | -€19,695 | -12.7% |
| Furniture and vehicles | 24 | €9,578 | €15,563 | +€5,985 | +62.5% |
| Current assets | 29/58 | €138,389 | €165,093 | +€26,704 | +19.3% |
| Stocks and contracts in progress | 3 | €120,000 | €120,000 | = | 0.0% |
| Stocks | 30/36 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,910 | €10,554 | -€1,356 | -11.4% |
| Trade receivables | 40 | €4,239 | €10,554 | +€6,315 | +149% |
| Other amounts receivable | 41 | €7,671 | - | -€7,671 | |
| Cash at bank and in hand | 54/58 | €6,479 | €34,491 | +€28,012 | +432% |
| Deferred charges and accrued income | 490/1 | - | €49 | +€49 | |
| Total equity and liabilities | 10/49 | €729,942 | €707,103 | -€22,839 | -3.1% |
| Equity | 10/15 | €162,359 | €148,991 | -€13,368 | -8.2% |
| Contributions | 10/11 | €117,000 | €117,000 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,641 | -€68,009 | -€13,368 | -24.5% |
| Provisions and deferred taxes | 16 | €70,500 | €58,500 | -€12,000 | -17.0% |
| Provisions for liabilities and charges | 160/5 | €70,500 | €58,500 | -€12,000 | -17.0% |
| Environmental obligations | 163 | €70,500 | €58,500 | -€12,000 | -17.0% |
| Amounts payable | 17/49 | €497,083 | €499,612 | +€2,529 | +0.5% |
| Amounts payable after more than one year | 17 | €254,604 | €231,834 | -€22,769 | -8.9% |
| Financial debts | 170/4 | €245,514 | €222,744 | -€22,769 | -9.3% |
| Other amounts payable | 178/9 | €9,090 | €9,090 | = | 0.0% |
| Amounts payable within one year | 42/48 | €242,480 | €267,778 | +€25,298 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €22,017 | €22,619 | +€602 | +2.7% |
| Trade debts | 44 | €3,874 | €4,130 | +€255 | +6.6% |
| Suppliers | 440/4 | €3,874 | €4,130 | +€255 | +6.6% |
| Taxes, remuneration and social security | 45 | €2,279 | €1,773 | -€505 | -22.2% |
| Taxes | 450/3 | - | €1,231 | +€1,231 | |
| Remuneration and social security | 454/9 | €2,279 | €542 | -€1,737 | -76.2% |
| Other amounts payable | 47/48 | €214,309 | €239,256 | +€24,946 | +11.6% |
| Remuneration, social security and pensions | 62 | €7,505 | €26,305 | +€18,800 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,645 | €63,119 | +€9,475 | +17.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | €45,661 | €4,368 | -€41,294 | -90.4% |
| Non-recurring operating charges | 66A | €4,191 | - | -€4,191 | |
| Gross operating margin | 9900 | €202,985 | €80,173 | -€122,812 | -60.5% |
| Operating profit (loss) | 9901 | €85,984 | -€13,618 | -€99,602 | |
| Financial income | 75/76B | €1 | €1,316 | +€1,316 | +160,443% |
| Recurring financial income | 75 | €1 | €1,316 | +€1,316 | +160,443% |
| Financial charges | 65/66B | €4,048 | €7,066 | +€3,019 | +74.6% |
| Recurring financial charges | 65 | €4,048 | €7,066 | +€3,019 | +74.6% |
| Profit (loss) for the period before taxes | 9903 | €81,937 | -€19,368 | -€101,305 | |
| Profit (loss) for the period | 9904 | €81,937 | -€19,368 | -€101,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,937 | -€19,368 | -€101,305 |
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 23 October 2026 via checked.be.