G.S. 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.S. IMMO
Largest movements
- Cash +€34,834
up €34,834 (+10.7%), from €326,767 to €361,601
mainly Net result for the year (+€30,907) and Depreciation (+€3,545)
- Reserves +€30,907
up €30,907 (+34.2%), from €90,479 to €121,386
of which Distributable reserves: +€30,907
No income-statement line moved by more than 1% of the activity.
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 | €371,389 | €403,021 | +€31,632 | +8.5% |
| Fixed assets | 21/28 | €43,035 | €39,490 | -€3,545 | -8.2% |
| Tangible fixed assets | 22/27 | €43,035 | €39,490 | -€3,545 | -8.2% |
| Land and buildings | 22 | €35,945 | €35,945 | = | 0.0% |
| Other tangible fixed assets | 26 | €7,090 | €3,545 | -€3,545 | -50.0% |
| Current assets | 29/58 | €328,354 | €363,531 | +€35,177 | +10.7% |
| Amounts receivable within one year | 40/41 | €295 | €577 | +€282 | +95.6% |
| Other amounts receivable | 41 | €295 | €577 | +€282 | +95.6% |
| Cash at bank and in hand | 54/58 | €326,767 | €361,601 | +€34,834 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,292 | €1,353 | +€61 | +4.7% |
| Total equity and liabilities | 10/49 | €371,389 | €403,021 | +€31,632 | +8.5% |
| Equity | 10/15 | €364,797 | €395,704 | +€30,907 | +8.5% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Reserves | 13 | €90,479 | €121,386 | +€30,907 | +34.2% |
| Non-distributable reserves | 130/1 | €27,683 | €27,683 | = | 0.0% |
| Legal reserve | 130 | €27,683 | €27,683 | = | 0.0% |
| Distributable reserves | 133 | €62,796 | €93,703 | +€30,907 | +49.2% |
| Profit (loss) carried forward | 14 | €1,635 | €1,635 | = | 0.0% |
| Amounts payable | 17/49 | €6,592 | €7,317 | +€725 | +11.0% |
| Amounts payable within one year | 42/48 | €4,592 | €4,592 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,592 | €4,592 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,725 | +€725 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,545 | €3,545 | = | 0.0% |
| Other operating charges | 640/8 | €11,844 | €12,216 | +€372 | +3.1% |
| Gross operating margin | 9900 | €61,645 | €61,131 | -€514 | -0.8% |
| Operating profit (loss) | 9901 | €46,255 | €45,369 | -€886 | -1.9% |
| Financial charges | 65/66B | €39 | €39 | = | 0.0% |
| Recurring financial charges | 65 | €39 | €39 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €46,216 | €45,330 | -€886 | -1.9% |
| Income taxes | 67/77 | €14,705 | €14,423 | -€282 | -1.9% |
| Profit (loss) for the period | 9904 | €31,511 | €30,907 | -€604 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,511 | €30,907 | -€604 | -1.9% |
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 19 October 2026 via checked.be.