GAVRA IMMO: what changed
What changed
GAVRA IMMO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€309
2024 · €38,524-€38,216
Equity
€1.3m
2024 · €1.3m+€309
Cash
€468,256
2024 · €172,213+€296,043
Balance sheet total
€1.4m
2024 · €1.5m-€111,737
Largest movements
Assets
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€296,043
up €296,043 (+172%), from €172,213 to €468,256
mainly Current investments (+€300,000) and Depreciation (+€128,188)
- Tangible fixed assets -€128,188
down €128,188 (-12.4%), from €1.0m to €901,835
- Receivables within one year +€17,979
up €17,979 (+730%), from €2,462 to €20,441
of which Trade receivables: +€16,953
Equity and liabilities
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Trade debts +€17,526
up €17,526, from €0 to €17,526
- Debts after one year -€17,034
down €17,034 (-15.2%), from €112,078 to €95,043
Income statement
- Gross operating margin -€43,581
down €43,581 (-17.4%), from €250,668 to €207,087
- Depreciation -€9,758
down €9,758 (-7.1%), from €137,947 to €128,188
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,524
Gross operating margin
-€43,581
Depreciation
+€9,758
Other operating charges
-€2,470
Financial income
-€2,164
Financial charges
+€241
Result 2025
€309
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,838
Investment
+€300,000
Financing
-€16,794
Cash 2024
€172,213
From operations (derived)
+€12,838
Net result for the year
+€309
Depreciation
+€128,188
Receivables within one year
-€17,979
Deferred charges and accrued income
-€2,429
Trade debts
+€17,526
Tax, wage and social debts
-€12,778
Other debts
-€100,000
Investment (derived)
+€300,000
Current investments
+€300,000
Financing
-€16,794
Debts after one year
-€17,034
Current portion of long-term debt
+€240
Cash 2025
€468,256
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,504,699 | €1,392,961 | -€111,737 | -7.4% |
| Fixed assets | 21/28 | €1,030,023 | €901,835 | -€128,188 | -12.4% |
| Tangible fixed assets | 22/27 | €1,030,023 | €901,835 | -€128,188 | -12.4% |
| Land and buildings | 22 | €1,030,023 | €901,835 | -€128,188 | -12.4% |
| Current assets | 29/58 | €474,675 | €491,127 | +€16,451 | +3.5% |
| Amounts receivable within one year | 40/41 | €2,462 | €20,441 | +€17,979 | +730% |
| Trade receivables | 40 | - | €16,953 | +€16,953 | |
| Other amounts receivable | 41 | €2,462 | €3,488 | +€1,026 | +41.7% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €172,213 | €468,256 | +€296,043 | +172% |
| Deferred charges and accrued income | 490/1 | €0 | €2,429 | +€2,429 | |
| Total equity and liabilities | 10/49 | €1,504,699 | €1,392,961 | -€111,737 | -7.4% |
| Equity | 10/15 | €1,253,014 | €1,253,323 | +€309 | 0.0% |
| Contributions | 10/11 | €78,978 | €78,978 | = | 0.0% |
| Reserves | 13 | €1,258,646 | €1,258,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €533 | €533 | = | 0.0% |
| Distributable reserves | 133 | €1,258,113 | €1,258,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,610 | -€84,301 | +€309 | +0.4% |
| Amounts payable | 17/49 | €251,685 | €139,639 | -€112,046 | -44.5% |
| Amounts payable after more than one year | 17 | €112,078 | €95,043 | -€17,034 | -15.2% |
| Financial debts | 170/4 | €112,078 | €95,043 | -€17,034 | -15.2% |
| Amounts payable within one year | 42/48 | €139,608 | €44,596 | -€95,012 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €16,794 | €17,034 | +€240 | +1.4% |
| Trade debts | 44 | €0 | €17,526 | +€17,526 | |
| Suppliers | 440/4 | €0 | €17,526 | +€17,526 | |
| Taxes, remuneration and social security | 45 | €22,813 | €10,035 | -€12,778 | -56.0% |
| Taxes | 450/3 | €22,813 | €10,035 | -€12,778 | -56.0% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,947 | €128,188 | -€9,758 | -7.1% |
| Other operating charges | 640/8 | €78,766 | €81,236 | +€2,470 | +3.1% |
| Gross operating margin | 9900 | €250,668 | €207,087 | -€43,581 | -17.4% |
| Operating profit (loss) | 9901 | €33,955 | -€2,337 | -€36,293 | |
| Financial income | 75/76B | €6,896 | €4,732 | -€2,164 | -31.4% |
| Recurring financial income | 75 | €6,896 | €4,732 | -€2,164 | -31.4% |
| Financial charges | 65/66B | €2,327 | €2,086 | -€241 | -10.4% |
| Recurring financial charges | 65 | €2,327 | €2,086 | -€241 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €38,524 | €309 | -€38,216 | -99.2% |
| Profit (loss) for the period | 9904 | €38,524 | €309 | -€38,216 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,524 | €309 | -€38,216 | -99.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.