GCL 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.
GCL immo
Largest movements
- Receivables within one year -€65,296
down €65,296 (-99.2%), from €65,799 to €503
of which Other amounts receivable: -€48,714
- Cash -€54,420
down €54,420 (-66.3%), from €82,059 to €27,639
mainly Net result for the year (-€94,691) and Tax, wage and social debts (-€34,621)
- Tangible fixed assets -€14,929
down €14,929 (-6.8%), from €219,768 to €204,839
- Profit (loss) carried forward -€94,691
down €94,691 (-96.0%), from €98,605 to €3,915
- Tax, wage and social debts -€34,621
down €34,621 (-92.2%), from €37,544 to €2,923
- Other debts +€22,669
up €22,669 (+104.8%), from €21,632 to €44,301
- Trade debts -€16,634
down €16,634 (-95.7%), from €17,374 to €739
- Debts after one year -€16,405
down €16,405 (-11.7%), from €139,719 to €123,314
- Gross operating margin -€53,595
down €53,595 (-87.3%), from €61,417 to €7,822
- Taxes -€11,303
no longer reported in 2025 (was €11,303)
- Other operating charges +€756
up €756 (+270.3%), from €280 to €1,035
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 | €462,904 | €328,259 | -€134,645 | -29.1% |
| Fixed assets | 21/28 | €315,046 | €300,117 | -€14,929 | -4.7% |
| Tangible fixed assets | 22/27 | €219,768 | €204,839 | -€14,929 | -6.8% |
| Land and buildings | 22 | €219,768 | €204,839 | -€14,929 | -6.8% |
| Financial fixed assets | 28 | €95,278 | €95,278 | = | 0.0% |
| Current assets | 29/58 | €147,858 | €28,142 | -€119,716 | -81.0% |
| Amounts receivable within one year | 40/41 | €65,799 | €503 | -€65,296 | -99.2% |
| Trade receivables | 40 | €17,085 | €503 | -€16,582 | -97.1% |
| Other amounts receivable | 41 | €48,714 | - | -€48,714 | |
| Cash at bank and in hand | 54/58 | €82,059 | €27,639 | -€54,420 | -66.3% |
| Total equity and liabilities | 10/49 | €462,904 | €328,259 | -€134,645 | -29.1% |
| Equity | 10/15 | €198,841 | €104,150 | -€94,691 | -47.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €85,235 | €85,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €82,137 | €82,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,605 | €3,915 | -€94,691 | -96.0% |
| Amounts payable | 17/49 | €264,063 | €224,109 | -€39,954 | -15.1% |
| Amounts payable after more than one year | 17 | €139,719 | €123,314 | -€16,405 | -11.7% |
| Financial debts | 170/4 | €139,719 | €123,314 | -€16,405 | -11.7% |
| Amounts payable within one year | 42/48 | €124,344 | €100,795 | -€23,549 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €37,712 | €40,905 | +€3,193 | +8.5% |
| Financial debts | 43 | €10,082 | €11,927 | +€1,845 | +18.3% |
| Credit institutions | 430/8 | €10,082 | €11,927 | +€1,845 | +18.3% |
| Trade debts | 44 | €17,374 | €739 | -€16,634 | -95.7% |
| Suppliers | 440/4 | €17,374 | €739 | -€16,634 | -95.7% |
| Taxes, remuneration and social security | 45 | €37,544 | €2,923 | -€34,621 | -92.2% |
| Taxes | 450/3 | €37,544 | €2,923 | -€34,621 | -92.2% |
| Other amounts payable | 47/48 | €21,632 | €44,301 | +€22,669 | +104.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,929 | €14,929 | +€0 | 0.0% |
| Other operating charges | 640/8 | €280 | €1,035 | +€756 | +270.3% |
| Non-recurring operating charges | 66A | - | €74,714 | +€74,714 | |
| Gross operating margin | 9900 | €61,417 | €7,822 | -€53,595 | -87.3% |
| Operating profit (loss) | 9901 | €46,209 | -€82,856 | -€129,065 | |
| Financial income | 75/76B | €0 | €57 | +€57 | +28570.0% |
| Recurring financial income | 75 | €0 | €57 | +€57 | +28570.0% |
| Financial charges | 65/66B | €11,601 | €11,892 | +€291 | +2.5% |
| Recurring financial charges | 65 | €11,601 | €11,892 | +€291 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €34,608 | -€94,691 | -€129,299 | |
| Income taxes | 67/77 | €11,303 | - | -€11,303 | |
| Profit (loss) for the period | 9904 | €23,305 | -€94,691 | -€117,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,305 | -€94,691 | -€117,996 |
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 10 October 2026 via checked.be.