G.P. 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.P. IMMO
Largest movements
- Tangible fixed assets +€775,468
up €775,468 (+176%), from €441,664 to €1.2m
- Cash +€26,578
up €26,578 (+529%), from €5,021 to €31,599
mainly Other debts (+€322,500) and Contributions, distributions and other (+€310,000)
- Other debts +€322,500
up €322,500 (+239%), from €134,688 to €457,188
- Contributions +€310,000
up €310,000 (+5,000%), from €6,200 to €316,200
- Debts after one year +€173,852
new in 2025: €173,852
- Current portion of long-term debt +€16,143
new in 2025: €16,143
- Depreciation +€6,562
up €6,562 (+30.0%), from €21,865 to €28,427
- Financial charges +€3,066
up €3,066 (+19.7%), from €15,524 to €18,590
- Gross operating margin +€2,567
up €2,567 (+5.6%), from €45,737 to €48,304
- Other operating charges +€1,594
up €1,594 (+84.8%), from €1,879 to €3,473
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 | €446,684 | €1,248,730 | +€802,046 | +180% |
| Fixed assets | 21/28 | €441,664 | €1,217,131 | +€775,468 | +176% |
| Tangible fixed assets | 22/27 | €441,664 | €1,217,131 | +€775,468 | +176% |
| Land and buildings | 22 | €441,664 | €1,217,131 | +€775,468 | +176% |
| Current assets | 29/58 | €5,021 | €31,599 | +€26,578 | +529% |
| Cash at bank and in hand | 54/58 | €5,021 | €31,599 | +€26,578 | +529% |
| Total equity and liabilities | 10/49 | €446,684 | €1,248,730 | +€802,046 | +180% |
| Equity | 10/15 | -€19,725 | €288,090 | +€307,815 | |
| Contributions | 10/11 | €6,200 | €316,200 | +€310,000 | +5,000% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Profit (loss) carried forward | 14 | -€25,925 | -€28,110 | -€2,185 | -8.4% |
| Provisions and deferred taxes | 16 | €291,720 | €283,456 | -€8,264 | -2.8% |
| Provisions for liabilities and charges | 160/5 | €291,720 | €283,456 | -€8,264 | -2.8% |
| Other liabilities and charges | 164/5 | €291,720 | €283,456 | -€8,264 | -2.8% |
| Amounts payable | 17/49 | €174,689 | €677,184 | +€502,496 | +288% |
| Amounts payable after more than one year | 17 | - | €173,852 | +€173,852 | |
| Financial debts | 170/4 | - | €173,852 | +€173,852 | |
| Amounts payable within one year | 42/48 | €174,689 | €503,332 | +€328,643 | +188% |
| Current portion of amounts payable after more than one year | 42 | - | €16,143 | +€16,143 | |
| Financial debts | 43 | €40,001 | €30,001 | -€10,000 | -25.0% |
| Credit institutions | 430/8 | €40,001 | €30,001 | -€10,000 | -25.0% |
| Other amounts payable | 47/48 | €134,688 | €457,188 | +€322,500 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,865 | €28,427 | +€6,562 | +30.0% |
| Other operating charges | 640/8 | €1,879 | €3,473 | +€1,594 | +84.8% |
| Gross operating margin | 9900 | €45,737 | €48,304 | +€2,567 | +5.6% |
| Operating profit (loss) | 9901 | €21,993 | €16,405 | -€5,588 | -25.4% |
| Financial charges | 65/66B | €15,524 | €18,590 | +€3,066 | +19.7% |
| Recurring financial charges | 65 | €15,524 | €18,590 | +€3,066 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €6,469 | -€2,185 | -€8,654 | |
| Profit (loss) for the period | 9904 | €6,469 | -€2,185 | -€8,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,469 | -€2,185 | -€8,654 |
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 16 October 2026 via checked.be.