GASPARD - 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.
GASPARD - IMMO
Largest movements
- Tangible fixed assets -€18,931
down €18,931 (-4.8%), from €392,399 to €373,468
of which Land and buildings: -€23,351
- Reserves +€50,000
up €50,000 (+16.5%), from €303,718 to €353,718
of which Distributable reserves: +€50,000
- Profit (loss) carried forward -€46,489
down €46,489 (-50.2%), from €92,652 to €46,163
- Debts after one year -€13,383
down €13,383 (-17.2%), from €77,909 to €64,526
of which Financial debts: -€13,383
- Financial charges -€1,813
down €1,813 (-22.6%), from €8,007 to €6,194
- Gross operating margin +€758
up €758 (+1.5%), from €52,046 to €52,804
- Depreciation +€684
up €684 (+2.0%), from €34,790 to €35,474
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 | €543,368 | €527,174 | -€16,193 | -3.0% |
| Fixed assets | 21/28 | €402,803 | €383,873 | -€18,931 | -4.7% |
| Tangible fixed assets | 22/27 | €392,399 | €373,468 | -€18,931 | -4.8% |
| Land and buildings | 22 | €277,278 | €253,927 | -€23,351 | -8.4% |
| Furniture and vehicles | 24 | €787 | €453 | -€334 | -42.4% |
| Other tangible fixed assets | 26 | €114,334 | €119,088 | +€4,754 | +4.2% |
| Financial fixed assets | 28 | €10,404 | €10,404 | = | 0.0% |
| Current assets | 29/58 | €140,564 | €143,302 | +€2,737 | +1.9% |
| Amounts receivable within one year | 40/41 | €49,454 | €44,752 | -€4,702 | -9.5% |
| Trade receivables | 40 | €28,578 | €30,803 | +€2,226 | +7.8% |
| Other amounts receivable | 41 | €20,876 | €13,948 | -€6,928 | -33.2% |
| Cash at bank and in hand | 54/58 | €88,640 | €91,131 | +€2,491 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,471 | €7,419 | +€4,948 | +200% |
| Total equity and liabilities | 10/49 | €543,368 | €527,174 | -€16,193 | -3.0% |
| Equity | 10/15 | €433,554 | €437,065 | +€3,511 | +0.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €303,718 | €353,718 | +€50,000 | +16.5% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Profit (loss) carried forward | 14 | €92,652 | €46,163 | -€46,489 | -50.2% |
| Amounts payable | 17/49 | €109,813 | €90,109 | -€19,704 | -17.9% |
| Amounts payable after more than one year | 17 | €77,909 | €64,526 | -€13,383 | -17.2% |
| Financial debts | 170/4 | €76,309 | €62,926 | -€13,383 | -17.5% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,905 | €25,583 | -€6,321 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €12,670 | €13,383 | +€713 | +5.6% |
| Trade debts | 44 | €4,316 | €871 | -€3,445 | -79.8% |
| Suppliers | 440/4 | €4,316 | €871 | -€3,445 | -79.8% |
| Taxes, remuneration and social security | 45 | €13,992 | €10,214 | -€3,778 | -27.0% |
| Taxes | 450/3 | €6,992 | €2,214 | -€4,778 | -68.3% |
| Remuneration and social security | 454/9 | €7,000 | €8,000 | +€1,000 | +14.3% |
| Other amounts payable | 47/48 | €926 | €1,115 | +€189 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,790 | €35,474 | +€684 | +2.0% |
| Other operating charges | 640/8 | €6,697 | €6,575 | -€122 | -1.8% |
| Gross operating margin | 9900 | €52,046 | €52,804 | +€758 | +1.5% |
| Operating profit (loss) | 9901 | €10,558 | €10,754 | +€196 | +1.9% |
| Financial income | 75/76B | €345 | €524 | +€178 | +51.6% |
| Recurring financial income | 75 | €345 | €524 | +€178 | +51.6% |
| Financial charges | 65/66B | €8,007 | €6,194 | -€1,813 | -22.6% |
| Recurring financial charges | 65 | €8,007 | €6,194 | -€1,813 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €2,896 | €5,083 | +€2,187 | +75.5% |
| Income taxes | 67/77 | €1,472 | €1,572 | +€101 | +6.8% |
| Profit (loss) for the period | 9904 | €1,425 | €3,511 | +€2,087 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €1,425 | €3,511 | +€2,087 | +146% |
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 21 October 2026 via checked.be.