GDL 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.
GDL IMMO
Largest movements
- Cash +€9,526
up €9,526 (+9.8%), from €97,030 to €106,556
mainly Net result for the year (+€16,494) and Depreciation (+€3,780)
- Tangible fixed assets -€3,780
down €3,780 (-4.9%), from €77,630 to €73,850
- Reserves +€9,000
up €9,000 (+12.7%), from €70,860 to €79,860
- Other debts -€3,770
down €3,770 (-6.3%), from €60,307 to €56,537
- Financial charges -€2,566
down €2,566 (-97.2%), from €2,640 to €75
- Taxes +€445
up €445 (+6.2%), from €7,186 to €7,631
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 | €185,798 | €191,530 | +€5,732 | +3.1% |
| Fixed assets | 21/28 | €77,630 | €73,850 | -€3,780 | -4.9% |
| Tangible fixed assets | 22/27 | €77,630 | €73,850 | -€3,780 | -4.9% |
| Land and buildings | 22 | €77,630 | €73,850 | -€3,780 | -4.9% |
| Current assets | 29/58 | €108,168 | €117,680 | +€9,512 | +8.8% |
| Amounts receivable within one year | 40/41 | €11,138 | €11,124 | -€14 | -0.1% |
| Other amounts receivable | 41 | €11,138 | €11,124 | -€14 | -0.1% |
| Cash at bank and in hand | 54/58 | €97,030 | €106,556 | +€9,526 | +9.8% |
| Total equity and liabilities | 10/49 | €185,798 | €191,530 | +€5,732 | +3.1% |
| Equity | 10/15 | €123,041 | €132,535 | +€9,494 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,860 | €79,860 | +€9,000 | +12.7% |
| Distributable reserves | 133 | €70,860 | €79,860 | +€9,000 | +12.7% |
| Profit (loss) carried forward | 14 | €33,581 | €34,075 | +€494 | +1.5% |
| Amounts payable | 17/49 | €62,757 | €58,995 | -€3,762 | -6.0% |
| Amounts payable within one year | 42/48 | €62,757 | €58,995 | -€3,762 | -6.0% |
| Taxes, remuneration and social security | 45 | €2,449 | €2,457 | +€8 | +0.3% |
| Taxes | 450/3 | €2,449 | €2,457 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €60,307 | €56,537 | -€3,770 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,780 | €3,780 | = | 0.0% |
| Other operating charges | 640/8 | €1,925 | €1,986 | +€60 | +3.1% |
| Gross operating margin | 9900 | €30,050 | €29,965 | -€85 | -0.3% |
| Operating profit (loss) | 9901 | €24,345 | €24,200 | -€145 | -0.6% |
| Financial charges | 65/66B | €2,640 | €75 | -€2,566 | -97.2% |
| Recurring financial charges | 65 | €2,640 | €75 | -€2,566 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €21,704 | €24,125 | +€2,421 | +11.2% |
| Income taxes | 67/77 | €7,186 | €7,631 | +€445 | +6.2% |
| Profit (loss) for the period | 9904 | €14,518 | €16,494 | +€1,976 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,518 | €16,494 | +€1,976 | +13.6% |
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 12 October 2026 via checked.be.