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
- Tangible fixed assets -€7,600
down €7,600 (-12.9%), from €58,900 to €51,300
- Profit (loss) carried forward -€7,600
down €7,600 (-28.5%), from -€26,705 to -€34,305
- Gross operating margin -€5,850
no longer reported in 2025 (was €5,850)
- Taxes -€5,464
no longer reported in 2025 (was €5,464)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,436 | €51,836 | -€7,600 | -12.8% |
| Fixed assets | 21/28 | €58,900 | €51,300 | -€7,600 | -12.9% |
| Tangible fixed assets | 22/27 | €58,900 | €51,300 | -€7,600 | -12.9% |
| Land and buildings | 22 | €58,900 | €51,300 | -€7,600 | -12.9% |
| Current assets | 29/58 | €536 | €536 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €536 | €536 | = | 0.0% |
| Other amounts receivable | 41 | €536 | €536 | = | 0.0% |
| Total equity and liabilities | 10/49 | €59,436 | €51,836 | -€7,600 | -12.8% |
| Equity | 10/15 | €23,188 | €15,588 | -€7,600 | -32.8% |
| Contributions | 10/11 | €49,500 | €49,500 | = | 0.0% |
| Reserves | 13 | €393 | €393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €393 | €393 | = | 0.0% |
| Reserves not available under the articles | 1311 | €393 | €393 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,705 | -€34,305 | -€7,600 | -28.5% |
| Amounts payable | 17/49 | €36,247 | €36,247 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,247 | €36,247 | = | 0.0% |
| Financial debts | 43 | €2 | €2 | = | 0.0% |
| Credit institutions | 430/8 | €2 | €2 | = | 0.0% |
| Trade debts | 44 | €590 | €590 | = | 0.0% |
| Suppliers | 440/4 | €590 | €590 | = | 0.0% |
| Other amounts payable | 47/48 | €35,655 | €35,655 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €3,800 | = | 0.0% |
| Gross operating margin | 9900 | €5,850 | - | -€5,850 | |
| Operating profit (loss) | 9901 | €2,050 | -€3,800 | -€5,850 | |
| Financial charges | 65/66B | €10 | - | -€10 | |
| Recurring financial charges | 65 | €10 | - | -€10 | |
| Profit (loss) for the period before taxes | 9903 | €2,040 | -€3,800 | -€5,840 | |
| Income taxes | 67/77 | €5,464 | - | -€5,464 | |
| Profit (loss) for the period | 9904 | -€3,424 | -€3,800 | -€376 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,424 | -€3,800 | -€376 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.