GAZON IMMO: what changed
Two fiscal 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.
GAZON IMMO
Largest movements
- Cash -€36,594
down €36,594 (-54.5%), from €67,106 to €30,512
mainly Debts after one year (-€46,152) and Net result for the year (-€16,576)
- Tangible fixed assets -€7,544
down €7,544 (-3.4%), from €221,082 to €213,538
- Debts after one year -€46,152
down €46,152 (-13.7%), from €337,639 to €291,488
- Current portion of long-term debt +€23,791
up €23,791 (+106.4%), from €22,361 to €46,152
- Profit (loss) carried forward -€16,576
down €16,576 (-131.0%), from -€12,657 to -€29,233
- Financial charges +€6,537
up €6,537 (+75.4%), from €8,672 to €15,210
- Gross operating margin +€5,541
up €5,541 (+249.4%), from €2,222 to €7,762
- Depreciation +€2,153
up €2,153 (+37.8%), from €5,689 to €7,842
- Other operating charges +€769
up €769 (+148.4%), from €518 to €1,286
- Purchases and services +€325
up €325 (+15.4%), from €2,113 to €2,438
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,843 | €625,407 | -€44,436 | -6.6% |
| Formation expenses | 20 | €1,268 | €970 | -€298 | -23.5% |
| Fixed assets | 21/28 | €601,469 | €593,925 | -€7,544 | -1.3% |
| Tangible fixed assets | 22/27 | €221,082 | €213,538 | -€7,544 | -3.4% |
| Land and buildings | 22 | €221,082 | €213,538 | -€7,544 | -3.4% |
| Financial fixed assets | 28 | €380,387 | €380,387 | = | 0.0% |
| Current assets | 29/58 | €67,106 | €30,512 | -€36,594 | -54.5% |
| Cash at bank and in hand | 54/58 | €67,106 | €30,512 | -€36,594 | -54.5% |
| Total equity and liabilities | 10/49 | €669,843 | €625,407 | -€44,436 | -6.6% |
| Equity | 10/15 | -€9,657 | -€26,233 | -€16,576 | -171.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,657 | -€29,233 | -€16,576 | -131.0% |
| Amounts payable | 17/49 | €679,500 | €651,639 | -€27,861 | -4.1% |
| Amounts payable after more than one year | 17 | €337,639 | €291,488 | -€46,152 | -13.7% |
| Financial debts | 170/4 | €337,639 | €291,488 | -€46,152 | -13.7% |
| Amounts payable within one year | 42/48 | €341,861 | €360,152 | +€18,291 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €22,361 | €46,152 | +€23,791 | +106.4% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €319,500 | €314,000 | -€5,500 | -1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,113 | €2,438 | +€325 | +15.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,689 | €7,842 | +€2,153 | +37.8% |
| Other operating charges | 640/8 | €518 | €1,286 | +€769 | +148.4% |
| Gross operating margin | 9900 | €2,222 | €7,762 | +€5,541 | +249.4% |
| Operating profit (loss) | 9901 | -€3,985 | -€1,366 | +€2,619 | +65.7% |
| Financial charges | 65/66B | €8,672 | €15,210 | +€6,537 | +75.4% |
| Recurring financial charges | 65 | €8,672 | €15,210 | +€6,537 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,657 | -€16,576 | -€3,918 | -31.0% |
| Profit (loss) for the period | 9904 | -€12,657 | -€16,576 | -€3,918 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,657 | -€16,576 | -€3,918 | -31.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.