G&T VASTGOED: 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&T VASTGOED
Largest movements
- Tangible fixed assets -€282,990
down €282,990 (-17.4%), from €1.6m to €1.3m
of which Land and buildings: -€235,879
- Current investments -€91,061
down €91,061 (-81.2%), from €112,197 to €21,136
- Debts after one year -€389,135
down €389,135 (-34.4%), from €1.1m to €743,201
of which Other amounts payable: -€270,000
- Reserves +€53,865
up €53,865 (+17.9%), from €300,219 to €354,084
- Current portion of long-term debt -€43,299
down €43,299 (-26.6%), from €162,832 to €119,533
- Depreciation -€25,327
down €25,327 (-27.9%), from €90,811 to €65,484
- Staff costs -€23,549
down €23,549 (-98.4%), from €23,929 to €380
- Gross operating margin +€20,642
up €20,642 (+12.6%), from €163,813 to €184,455
- Taxes +€18,384
up €18,384 (+562%), from €3,273 to €21,656
- Other operating charges -€3,410
down €3,410 (-36.6%), from €9,309 to €5,899
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 | €1,757,126 | €1,374,101 | -€383,025 | -21.8% |
| Fixed assets | 21/28 | €1,626,493 | €1,343,503 | -€282,990 | -17.4% |
| Tangible fixed assets | 22/27 | €1,626,493 | €1,343,503 | -€282,990 | -17.4% |
| Land and buildings | 22 | €1,456,401 | €1,220,521 | -€235,879 | -16.2% |
| Plant, machinery and equipment | 23 | €6,315 | €4,484 | -€1,831 | -29.0% |
| Furniture and vehicles | 24 | €163,778 | €118,498 | -€45,280 | -27.6% |
| Current assets | 29/58 | €130,632 | €30,598 | -€100,035 | -76.6% |
| Amounts receivable within one year | 40/41 | €9,486 | €1,223 | -€8,264 | -87.1% |
| Trade receivables | 40 | €2,239 | €750 | -€1,489 | -66.5% |
| Other amounts receivable | 41 | €7,248 | €473 | -€6,775 | -93.5% |
| Current investments | 50/53 | €112,197 | €21,136 | -€91,061 | -81.2% |
| Cash at bank and in hand | 54/58 | €4,062 | €2,464 | -€1,599 | -39.4% |
| Deferred charges and accrued income | 490/1 | €4,886 | €5,775 | +€889 | +18.2% |
| Total equity and liabilities | 10/49 | €1,757,126 | €1,374,101 | -€383,025 | -21.8% |
| Equity | 10/15 | €425,219 | €479,084 | +€53,865 | +12.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €300,219 | €354,084 | +€53,865 | +17.9% |
| Distributable reserves | 133 | €300,219 | €354,084 | +€53,865 | +17.9% |
| Amounts payable | 17/49 | €1,331,907 | €895,017 | -€436,890 | -32.8% |
| Amounts payable after more than one year | 17 | €1,132,336 | €743,201 | -€389,135 | -34.4% |
| Financial debts | 170/4 | €732,336 | €613,201 | -€119,135 | -16.3% |
| Other amounts payable | 178/9 | €400,000 | €130,000 | -€270,000 | -67.5% |
| Amounts payable within one year | 42/48 | €180,872 | €138,485 | -€42,387 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €162,832 | €119,533 | -€43,299 | -26.6% |
| Trade debts | 44 | €620 | €1,879 | +€1,260 | +203% |
| Suppliers | 440/4 | €620 | €1,879 | +€1,260 | +203% |
| Advances received on contracts in progress | 46 | - | €1,597 | +€1,597 | |
| Taxes, remuneration and social security | 45 | €3,094 | €12,555 | +€9,461 | +306% |
| Taxes | 450/3 | €3,094 | €12,555 | +€9,461 | +306% |
| Other amounts payable | 47/48 | €14,327 | €2,922 | -€11,405 | -79.6% |
| Accrued charges and deferred income | 492/3 | €18,699 | €13,330 | -€5,368 | -28.7% |
| Non-recurring operating income | 76A | - | €49,199 | +€49,199 | |
| Remuneration, social security and pensions | 62 | €23,929 | €380 | -€23,549 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,811 | €65,484 | -€25,327 | -27.9% |
| Other operating charges | 640/8 | €9,309 | €5,899 | -€3,410 | -36.6% |
| Gross operating margin | 9900 | €163,813 | €184,455 | +€20,642 | +12.6% |
| Operating profit (loss) | 9901 | €39,765 | €112,692 | +€72,928 | +183% |
| Financial income | 75/76B | €6,786 | €3,904 | -€2,882 | -42.5% |
| Recurring financial income | 75 | €6,786 | €3,904 | -€2,882 | -42.5% |
| Financial charges | 65/66B | €39,966 | €41,075 | +€1,109 | +2.8% |
| Recurring financial charges | 65 | €39,966 | €41,075 | +€1,109 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €6,584 | €75,522 | +€68,937 | +1,047% |
| Income taxes | 67/77 | €3,273 | €21,656 | +€18,384 | +562% |
| Profit (loss) for the period | 9904 | €3,312 | €53,865 | +€50,554 | +1,527% |
| Profit (loss) for the period to be appropriated | 9905 | €3,312 | €53,865 | +€50,554 | +1,527% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.