GB 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.
GB IMMO
Largest movements
- Cash -€27,478
down €27,478 (-82.3%), from €33,370 to €5,892
mainly Debts after one year (-€16,854) and Net result for the year (-€15,792)
- Tangible fixed assets -€7,508
down €7,508 (-1.5%), from €513,776 to €506,268
of which Land and buildings: -€14,409
- Debts after one year -€16,854
down €16,854 (-3.1%), from €552,069 to €535,215
of which Financial debts: -€16,854
- Profit (loss) carried forward -€15,792
down €15,792 (-56.9%), from -€27,745 to -€43,537
- Gross operating margin +€25,409
up €25,409, from -€1,938 to €23,471
- Financial charges +€10,271
up €10,271 (+117.4%), from €8,749 to €19,021
- Other operating charges +€1,931
up €1,931 (+109.0%), from €1,771 to €3,702
- Depreciation +€1,254
up €1,254 (+8.2%), from €15,287 to €16,540
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 | €548,264 | €516,279 | -€31,985 | -5.8% |
| Fixed assets | 21/28 | €513,776 | €506,268 | -€7,508 | -1.5% |
| Tangible fixed assets | 22/27 | €513,776 | €506,268 | -€7,508 | -1.5% |
| Land and buildings | 22 | €494,605 | €480,196 | -€14,409 | -2.9% |
| Plant, machinery and equipment | 23 | €19,171 | €26,072 | +€6,901 | +36.0% |
| Current assets | 29/58 | €34,488 | €10,011 | -€24,477 | -71.0% |
| Cash at bank and in hand | 54/58 | €33,370 | €5,892 | -€27,478 | -82.3% |
| Deferred charges and accrued income | 490/1 | €1,118 | €4,119 | +€3,001 | +268.4% |
| Total equity and liabilities | 10/49 | €548,264 | €516,279 | -€31,985 | -5.8% |
| Equity | 10/15 | -€25,745 | -€41,537 | -€15,792 | -61.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,745 | -€43,537 | -€15,792 | -56.9% |
| Amounts payable | 17/49 | €574,009 | €557,816 | -€16,193 | -2.8% |
| Amounts payable after more than one year | 17 | €552,069 | €535,215 | -€16,854 | -3.1% |
| Financial debts | 170/4 | €427,069 | €410,215 | -€16,854 | -3.9% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,870 | €19,571 | +€701 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €17,633 | €18,233 | +€600 | +3.4% |
| Trade debts | 44 | €237 | €338 | +€101 | +42.6% |
| Suppliers | 440/4 | €237 | €338 | +€101 | +42.6% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,070 | €3,030 | -€40 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,287 | €16,540 | +€1,254 | +8.2% |
| Other operating charges | 640/8 | €1,771 | €3,702 | +€1,931 | +109.0% |
| Gross operating margin | 9900 | -€1,938 | €23,471 | +€25,409 | |
| Operating profit (loss) | 9901 | -€18,996 | €3,229 | +€22,224 | |
| Financial charges | 65/66B | €8,749 | €19,021 | +€10,271 | +117.4% |
| Recurring financial charges | 65 | €8,749 | €19,021 | +€10,271 | +117.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,745 | -€15,792 | +€11,953 | +43.1% |
| Profit (loss) for the period | 9904 | -€27,745 | -€15,792 | +€11,953 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,745 | -€15,792 | +€11,953 | +43.1% |
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 11 October 2026 via checked.be.