GC INVEST: what changed
What changed
GC INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€23,737
2024 · €22,546+€1,191
Equity
€41,790
2024 · €18,053+€23,737
Cash
€2,660
2024 · €9,639-€6,978
Balance sheet total
€2.0m
2024 · €2.1m-€76,388
Largest movements
Assets
- Tangible fixed assets -€69,949
down €69,949 (-3.4%), from €2.1m to €2.0m
of which Land and buildings: -€67,547
Equity and liabilities
- Debts after one year -€99,824
down €99,824 (-5.6%), from €1.8m to €1.7m
- Profit (loss) carried forward +€23,737
up €23,737 (+74.3%), from -€31,947 to -€8,210
Income statement
- Gross operating margin +€2,989
up €2,989 (+2.5%), from €118,357 to €121,346
- Financial charges -€2,352
down €2,352 (-10.5%), from €22,456 to €20,103
- Other operating charges +€2,233
up €2,233 (+41.9%), from €5,323 to €7,556
- Depreciation +€1,918
up €1,918 (+2.8%), from €68,031 to €69,949
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
€22,546
Gross operating margin
+€2,989
Depreciation
-€1,918
Other operating charges
-€2,233
Financial charges
+€2,352
Result 2025
€23,737
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
+€95,463
Investment
€0
Financing
-€102,441
Cash 2024
€9,639
From operations (derived)
+€95,463
Net result for the year
+€23,737
Depreciation
+€69,949
Receivables within one year
-€540
Trade debts
-€275
Tax, wage and social debts
+€1,591
Other debts
+€1,000
Financing
-€102,441
Debts after one year
-€99,824
Current portion of long-term debt
-€2,617
Cash 2025
€2,660
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,072,350 | €1,995,962 | -€76,388 | -3.7% |
| Fixed assets | 21/28 | €2,062,711 | €1,992,762 | -€69,949 | -3.4% |
| Tangible fixed assets | 22/27 | €2,062,711 | €1,992,762 | -€69,949 | -3.4% |
| Land and buildings | 22 | €2,058,185 | €1,990,638 | -€67,547 | -3.3% |
| Furniture and vehicles | 24 | €4,527 | €2,124 | -€2,402 | -53.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €9,639 | €3,200 | -€6,438 | -66.8% |
| Amounts receivable within one year | 40/41 | - | €540 | +€540 | |
| Trade receivables | 40 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €9,639 | €2,660 | -€6,978 | -72.4% |
| Total equity and liabilities | 10/49 | €2,072,350 | €1,995,962 | -€76,388 | -3.7% |
| Equity | 10/15 | €18,053 | €41,790 | +€23,737 | +131% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,947 | -€8,210 | +€23,737 | +74.3% |
| Amounts payable | 17/49 | €2,054,297 | €1,954,172 | -€100,125 | -4.9% |
| Amounts payable after more than one year | 17 | €1,793,173 | €1,693,348 | -€99,824 | -5.6% |
| Financial debts | 170/4 | €1,793,173 | €1,693,348 | -€99,824 | -5.6% |
| Amounts payable within one year | 42/48 | €261,124 | €260,824 | -€300 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €106,385 | €103,768 | -€2,617 | -2.5% |
| Trade debts | 44 | €1,419 | €1,144 | -€275 | -19.4% |
| Suppliers | 440/4 | €1,419 | €1,144 | -€275 | -19.4% |
| Taxes, remuneration and social security | 45 | €502 | €2,093 | +€1,591 | +317% |
| Taxes | 450/3 | €502 | €2,093 | +€1,591 | +317% |
| Other amounts payable | 47/48 | €152,818 | €153,818 | +€1,000 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,031 | €69,949 | +€1,918 | +2.8% |
| Other operating charges | 640/8 | €5,323 | €7,556 | +€2,233 | +41.9% |
| Gross operating margin | 9900 | €118,357 | €121,346 | +€2,989 | +2.5% |
| Operating profit (loss) | 9901 | €45,002 | €43,840 | -€1,162 | -2.6% |
| Financial charges | 65/66B | €22,456 | €20,103 | -€2,352 | -10.5% |
| Recurring financial charges | 65 | €22,456 | €20,103 | -€2,352 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €22,546 | €23,737 | +€1,191 | +5.3% |
| Profit (loss) for the period | 9904 | €22,546 | €23,737 | +€1,191 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,546 | €23,737 | +€1,191 | +5.3% |
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 2 November 2026 via checked.be.