Gabriel Müller 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.
Gabriel Müller IMMO
Largest movements
- Tangible fixed assets -€21,608
down €21,608 (-9.9%), from €218,806 to €197,198
- Cash +€12,058
up €12,058 (+30.6%), from €39,363 to €51,421
mainly Depreciation (+€21,608) and Trade debts (+€600)
- Deferred charges and accrued income +€5,015
up €5,015 (+914%), from €549 to €5,564
- Profit (loss) carried forward -€5,135
down €5,135 (-36.9%), from -€13,914 to -€19,050
- Gross operating margin -€319
down €319 (-1.2%), from €25,670 to €25,352
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 | €258,718 | €254,183 | -€4,535 | -1.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €218,806 | €197,198 | -€21,608 | -9.9% |
| Tangible fixed assets | 22/27 | €218,806 | €197,198 | -€21,608 | -9.9% |
| Land and buildings | 22 | €218,806 | €197,198 | -€21,608 | -9.9% |
| Current assets | 29/58 | €39,912 | €56,985 | +€17,073 | +42.8% |
| Cash at bank and in hand | 54/58 | €39,363 | €51,421 | +€12,058 | +30.6% |
| Deferred charges and accrued income | 490/1 | €549 | €5,564 | +€5,015 | +914% |
| Total equity and liabilities | 10/49 | €258,718 | €254,183 | -€4,535 | -1.8% |
| Equity | 10/15 | €56,206 | €51,070 | -€5,135 | -9.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €120 | €120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Legal reserve | 130 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,914 | -€19,050 | -€5,135 | -36.9% |
| Amounts payable | 17/49 | €202,512 | €203,113 | +€600 | +0.3% |
| Amounts payable after more than one year | 17 | €198,500 | €198,500 | = | 0.0% |
| Other amounts payable | 178/9 | €198,500 | €198,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,958 | €3,558 | +€600 | +20.3% |
| Trade debts | 44 | €109 | €709 | +€600 | +552% |
| Suppliers | 440/4 | €109 | €709 | +€600 | +552% |
| Taxes, remuneration and social security | 45 | €855 | €855 | = | 0.0% |
| Taxes | 450/3 | €855 | €855 | = | 0.0% |
| Other amounts payable | 47/48 | €1,994 | €1,994 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,055 | €1,055 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,608 | €21,608 | = | 0.0% |
| Other operating charges | 640/8 | €5,513 | €5,687 | +€174 | +3.2% |
| Gross operating margin | 9900 | €25,670 | €25,352 | -€319 | -1.2% |
| Operating profit (loss) | 9901 | -€1,451 | -€1,943 | -€493 | -34.0% |
| Financial charges | 65/66B | €3,199 | €3,192 | -€7 | -0.2% |
| Recurring financial charges | 65 | €3,199 | €3,192 | -€7 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,650 | -€5,135 | -€486 | -10.4% |
| Profit (loss) for the period | 9904 | -€4,650 | -€5,135 | -€486 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,650 | -€5,135 | -€486 | -10.4% |
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 24 October 2026 via checked.be.