GAVER-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.
What changed
GAVER-IMMO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€382,750
2024 · €211,153+€171,597
Equity
€5.1m
2024 · €4.7m+€382,750
Cash
€545,179
2024 · €608,567-€63,388
Balance sheet total
€11.4m
2024 · €11.7m-€264,953
Largest movements
Assets
- Tangible fixed assets -€222,341
down €222,341 (-2.0%), from €11.0m to €10.7m
Equity and liabilities
- Debts after one year -€620,439
down €620,439 (-11.1%), from €5.6m to €5.0m
- Profit (loss) carried forward +€382,750
up €382,750 (+11.4%), from -€3.3m to -€3.0m
- Tax, wage and social debts +€370,822
up €370,822, from €0 to €370,822
of which Taxes: +€370,822
- Accrued charges and deferred income -€362,472
down €362,472 (-79.8%), from €454,085 to €91,613
Income statement
- Depreciation -€386,525
down €386,525 (-61.7%), from €626,423 to €239,898
- Taxes +€197,990
new in 2025: €197,990
- Gross operating margin -€78,886
down €78,886 (-5.4%), from €1.5m to €1.4m
- Other operating charges -€31,156
down €31,156 (-7.9%), from €393,144 to €361,988
- Financial charges -€27,695
down €27,695 (-12.4%), from €223,961 to €196,266
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.
Result 2024
€211,153
Gross operating margin
-€78,886
Staff costs
+€9,017
Depreciation
+€386,525
Other operating charges
+€31,156
Financial income
-€5,921
Financial charges
+€27,695
Other financial items
+€1
Taxes
-€197,990
Result 2025
€382,750
Cash bridge derived
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.
From operations
+€484,607
Investment
+€72,444
Financing
-€620,439
Cash 2024
€608,567
From operations (derived)
+€484,607
Net result for the year
+€382,750
Depreciation
+€239,898
Receivables within one year
+€2,589
Deferred charges and accrued income
-€113,366
Trade debts
+€1,496
Tax, wage and social debts
+€370,822
Other debts
-€37,110
Accrued charges and deferred income
-€362,472
Investment (derived)
+€72,444
Investment in fixed assets (net)
-€17,556
Current investments
+€90,000
Financing
-€620,439
Debts after one year
-€620,439
Current portion of long-term debt
-€0
Contributions, distributions and other
-€0
Cash 2025
€545,179
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,662,389 | €11,397,436 | -€264,953 | -2.3% |
| Fixed assets | 21/28 | €10,961,233 | €10,738,892 | -€222,341 | -2.0% |
| Tangible fixed assets | 22/27 | €10,961,233 | €10,738,892 | -€222,341 | -2.0% |
| Land and buildings | 22 | €10,961,233 | €10,738,892 | -€222,341 | -2.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €701,155 | €658,545 | -€42,610 | -6.1% |
| Amounts receivable within one year | 40/41 | €2,589 | €0 | -€2,589 | -100.0% |
| Trade receivables | 40 | €1,067 | €0 | -€1,067 | -100.0% |
| Other amounts receivable | 41 | €1,522 | €0 | -€1,522 | -100.0% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €608,567 | €545,179 | -€63,388 | -10.4% |
| Deferred charges and accrued income | 490/1 | €0 | €113,366 | +€113,366 | |
| Total equity and liabilities | 10/49 | €11,662,389 | €11,397,436 | -€264,953 | -2.3% |
| Equity | 10/15 | €4,702,944 | €5,085,694 | +€382,750 | +8.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €7,779,505 | €7,779,505 | -€0 | 0.0% |
| Reserves | 13 | €211,153 | €211,153 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €211,153 | €211,153 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€3,349,214 | -€2,966,464 | +€382,750 | +11.4% |
| Amounts payable | 17/49 | €6,959,445 | €6,311,742 | -€647,703 | -9.3% |
| Amounts payable after more than one year | 17 | €5,577,778 | €4,957,339 | -€620,439 | -11.1% |
| Financial debts | 170/4 | €5,577,778 | €4,957,339 | -€620,439 | -11.1% |
| Amounts payable within one year | 42/48 | €927,582 | €1,262,790 | +€335,208 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €888,889 | €888,889 | -€0 | 0.0% |
| Trade debts | 44 | €1,583 | €3,079 | +€1,496 | +94.5% |
| Suppliers | 440/4 | €1,583 | €3,079 | +€1,496 | +94.5% |
| Taxes, remuneration and social security | 45 | €0 | €370,822 | +€370,822 | |
| Taxes | 450/3 | €0 | €370,822 | +€370,822 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,110 | €0 | -€37,110 | -100.0% |
| Accrued charges and deferred income | 492/3 | €454,085 | €91,613 | -€362,472 | -79.8% |
| Remuneration, social security and pensions | 62 | €9,017 | €0 | -€9,017 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €626,423 | €239,898 | -€386,525 | -61.7% |
| Other operating charges | 640/8 | €393,144 | €361,988 | -€31,156 | -7.9% |
| Gross operating margin | 9900 | €1,456,371 | €1,377,485 | -€78,886 | -5.4% |
| Operating profit (loss) | 9901 | €427,787 | €775,600 | +€347,813 | +81.3% |
| Financial income | 75/76B | €7,328 | €1,407 | -€5,921 | -80.8% |
| Recurring financial income | 75 | €7,328 | €1,407 | -€5,921 | -80.8% |
| Financial charges | 65/66B | €223,961 | €196,266 | -€27,695 | -12.4% |
| Recurring financial charges | 65 | €223,961 | €196,266 | -€27,695 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €211,153 | €580,741 | +€369,588 | +175.0% |
| Income taxes | 67/77 | - | €197,990 | +€197,990 | |
| Profit (loss) for the period | 9904 | €211,153 | €382,750 | +€171,597 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €211,153 | €382,750 | +€171,597 | +81.3% |
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 9 October 2026 via checked.be.