GDG 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.
GDG IMMO
Largest movements
- Cash -€10,022
down €10,022 (-74.2%), from €13,513 to €3,491
mainly Debts after one year (-€18,755) and Investment in fixed assets (net) (-€13,649)
- Tangible fixed assets +€7,077
up €7,077 (+6.8%), from €104,535 to €111,612
of which Plant, machinery and equipment: +€12,572
- Reserves +€20,000
new in 2025: €20,000
- Debts after one year -€18,755
down €18,755 (-32.2%), from €58,228 to €39,473
- Profit (loss) carried forward -€6,694
down €6,694 (-96.5%), from €6,938 to €245
- Tax, wage and social debts +€2,058
up €2,058 (+81.1%), from €2,538 to €4,595
- Taxes +€2,058
up €2,058 (+81.1%), from €2,538 to €4,595
- Depreciation +€706
up €706 (+12.0%), from €5,866 to €6,572
- Financial charges -€668
down €668 (-19.6%), from €3,403 to €2,734
- Gross operating margin +€503
up €503 (+1.7%), from €29,682 to €30,184
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.
Derived cash bridge
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 | €119,766 | €116,978 | -€2,788 | -2.3% |
| Fixed assets | 21/28 | €104,535 | €111,612 | +€7,077 | +6.8% |
| Tangible fixed assets | 22/27 | €104,535 | €111,612 | +€7,077 | +6.8% |
| Land and buildings | 22 | €100,828 | €95,334 | -€5,495 | -5.4% |
| Plant, machinery and equipment | 23 | €3,707 | €16,278 | +€12,572 | +339% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €15,231 | €5,366 | -€9,865 | -64.8% |
| Amounts receivable within one year | 40/41 | €1,363 | €1,516 | +€153 | +11.2% |
| Other amounts receivable | 41 | €1,363 | €1,516 | +€153 | +11.2% |
| Cash at bank and in hand | 54/58 | €13,513 | €3,491 | -€10,022 | -74.2% |
| Deferred charges and accrued income | 490/1 | €354 | €359 | +€5 | +1.3% |
| Total equity and liabilities | 10/49 | €119,766 | €116,978 | -€2,788 | -2.3% |
| Equity | 10/15 | €39,938 | €53,245 | +€13,306 | +33.3% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €6,938 | €245 | -€6,694 | -96.5% |
| Amounts payable | 17/49 | €79,827 | €63,733 | -€16,094 | -20.2% |
| Amounts payable after more than one year | 17 | €58,228 | €39,473 | -€18,755 | -32.2% |
| Financial debts | 170/4 | €58,228 | €39,473 | -€18,755 | -32.2% |
| Amounts payable within one year | 42/48 | €21,533 | €24,193 | +€2,659 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €18,130 | €18,755 | +€625 | +3.4% |
| Trade debts | 44 | €66 | €42 | -€24 | -35.8% |
| Suppliers | 440/4 | €66 | €42 | -€24 | -35.8% |
| Taxes, remuneration and social security | 45 | €2,538 | €4,595 | +€2,058 | +81.1% |
| Taxes | 450/3 | €2,538 | €4,595 | +€2,058 | +81.1% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,866 | €6,572 | +€706 | +12.0% |
| Other operating charges | 640/8 | €2,892 | €2,976 | +€84 | +2.9% |
| Gross operating margin | 9900 | €29,682 | €30,184 | +€503 | +1.7% |
| Operating profit (loss) | 9901 | €20,924 | €20,636 | -€288 | -1.4% |
| Financial charges | 65/66B | €3,403 | €2,734 | -€668 | -19.6% |
| Recurring financial charges | 65 | €3,403 | €2,734 | -€668 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €17,522 | €17,902 | +€380 | +2.2% |
| Income taxes | 67/77 | €2,538 | €4,595 | +€2,058 | +81.1% |
| Profit (loss) for the period | 9904 | €14,984 | €13,306 | -€1,677 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,984 | €13,306 | -€1,677 | -11.2% |
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 17 October 2026 via checked.be.