GFLA Immo: what changed
Two fiscal 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.
GFLA Immo
Largest movements
- Receivables within one year -€622
down €622 (-39.9%), from €1,557 to €936
of which Trade receivables: -€1,557
- Tangible fixed assets -€347
down €347 (-17.0%), from €2,043 to €1,696
- Cash -€156
down €156 (-5.0%), from €3,111 to €2,955
mainly Tax, wage and social debts (-€4,047) and Other debts (-€862)
- Tax, wage and social debts -€4,047
down €4,047 (-75.0%), from €5,397 to €1,350
- Trade debts +€3,000
up €3,000 (+335.0%), from €895 to €3,895
- Other debts -€862
down €862 (-17.7%), from €4,862 to €4,000
- Profit (loss) carried forward +€784
up €784 (+5.4%), from -€14,442 to -€13,659
- Taxes -€4,714
down €4,714 (-99.5%), from €4,737 to €23
- Gross operating margin +€4,640
up €4,640, from -€2,867 to €1,773
- Other operating charges -€1,169
no longer reported in 2025 (was €1,169)
- Financial income -€916
no longer reported in 2025 (was €916)
- Depreciation +€185
up €185 (+33.2%), from €557 to €742
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 | €6,711 | €5,587 | -€1,125 | -16.8% |
| Fixed assets | 21/28 | €2,043 | €1,696 | -€347 | -17.0% |
| Tangible fixed assets | 22/27 | €2,043 | €1,696 | -€347 | -17.0% |
| Plant, machinery and equipment | 23 | €2,043 | €1,696 | -€347 | -17.0% |
| Current assets | 29/58 | €4,668 | €3,890 | -€778 | -16.7% |
| Amounts receivable within one year | 40/41 | €1,557 | €936 | -€622 | -39.9% |
| Trade receivables | 40 | €1,557 | - | -€1,557 | |
| Other amounts receivable | 41 | - | €936 | +€936 | |
| Cash at bank and in hand | 54/58 | €3,111 | €2,955 | -€156 | -5.0% |
| Total equity and liabilities | 10/49 | €6,711 | €5,587 | -€1,125 | -16.8% |
| Equity | 10/15 | -€4,442 | -€3,659 | +€784 | +17.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,442 | -€13,659 | +€784 | +5.4% |
| Amounts payable | 17/49 | €11,154 | €9,245 | -€1,908 | -17.1% |
| Amounts payable within one year | 42/48 | €11,154 | €9,245 | -€1,908 | -17.1% |
| Trade debts | 44 | €895 | €3,895 | +€3,000 | +335.0% |
| Suppliers | 440/4 | €895 | €3,895 | +€3,000 | +335.0% |
| Taxes, remuneration and social security | 45 | €5,397 | €1,350 | -€4,047 | -75.0% |
| Taxes | 450/3 | €5,397 | €1,350 | -€4,047 | -75.0% |
| Other amounts payable | 47/48 | €4,862 | €4,000 | -€862 | -17.7% |
| Remuneration, social security and pensions | 62 | -€2 | - | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557 | €742 | +€185 | +33.2% |
| Other operating charges | 640/8 | €1,169 | - | -€1,169 | |
| Gross operating margin | 9900 | -€2,867 | €1,773 | +€4,640 | |
| Operating profit (loss) | 9901 | -€4,591 | €1,031 | +€5,622 | |
| Financial income | 75/76B | €916 | - | -€916 | |
| Recurring financial income | 75 | €916 | - | -€916 | |
| Financial charges | 65/66B | €182 | €224 | +€42 | +22.9% |
| Recurring financial charges | 65 | €182 | €224 | +€42 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,858 | €807 | +€4,664 | |
| Income taxes | 67/77 | €4,737 | €23 | -€4,714 | -99.5% |
| Profit (loss) for the period | 9904 | -€8,594 | €784 | +€9,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,594 | €784 | +€9,378 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.