GG 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.
GG IMMO
Largest movements
- Stocks and contracts +€387,940
new in 2024: €387,940
- Tangible fixed assets +€247,554
up €247,554 (+45.4%), from €544,825 to €792,379
- Receivables within one year +€153,278
up €153,278 (+61.5%), from €249,199 to €402,478
of which Other amounts receivable: +€190,579
- Reserves +€862,865
up €862,865 (+32.1%), from €2.7m to €3.5m
of which Distributable reserves: +€862,865
- Current portion of long-term debt -€218,480
down €218,480 (-64.1%), from €340,694 to €122,215
- Debts after one year +€132,244
up €132,244 (+24.0%), from €551,293 to €683,537
- Financial income +€497,830
up €497,830 (+122%), from €406,552 to €904,382
- Gross operating margin -€79,756
down €79,756 (-48.3%), from €165,235 to €85,480
- Depreciation +€33,693
up €33,693 (+103%), from €32,638 to €66,331
- Taxes -€17,803
down €17,803 (-100%), from €17,803 to €0
- Financial charges -€5,824
down €5,824 (-17.4%), from €33,455 to €27,631
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,842,295 | €4,623,023 | +€780,728 | +20.3% |
| Fixed assets | 21/28 | €3,533,071 | €3,780,625 | +€247,554 | +7.0% |
| Tangible fixed assets | 22/27 | €544,825 | €792,379 | +€247,554 | +45.4% |
| Land and buildings | 22 | €544,825 | €792,379 | +€247,554 | +45.4% |
| Financial fixed assets | 28 | €2,988,247 | €2,988,247 | = | 0.0% |
| Current assets | 29/58 | €309,224 | €842,398 | +€533,174 | +172% |
| Stocks and contracts in progress | 3 | - | €387,940 | +€387,940 | |
| Stocks | 30/36 | - | €387,940 | +€387,940 | |
| Amounts receivable within one year | 40/41 | €249,199 | €402,478 | +€153,278 | +61.5% |
| Trade receivables | 40 | €53,822 | €16,522 | -€37,300 | -69.3% |
| Other amounts receivable | 41 | €195,378 | €385,956 | +€190,579 | +97.5% |
| Cash at bank and in hand | 54/58 | €57,680 | €49,829 | -€7,851 | -13.6% |
| Deferred charges and accrued income | 490/1 | €2,344 | €2,151 | -€193 | -8.2% |
| Total equity and liabilities | 10/49 | €3,842,295 | €4,623,023 | +€780,728 | +20.3% |
| Equity | 10/15 | €2,836,069 | €3,698,934 | +€862,865 | +30.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,686,069 | €3,548,934 | +€862,865 | +32.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €2,671,069 | €3,533,934 | +€862,865 | +32.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,006,226 | €924,089 | -€82,137 | -8.2% |
| Amounts payable after more than one year | 17 | €551,293 | €683,537 | +€132,244 | +24.0% |
| Financial debts | 170/4 | €551,293 | €683,537 | +€132,244 | +24.0% |
| Amounts payable within one year | 42/48 | €450,938 | €236,558 | -€214,381 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €340,694 | €122,215 | -€218,480 | -64.1% |
| Trade debts | 44 | €547 | €5,669 | +€5,122 | +936% |
| Suppliers | 440/4 | €547 | €5,669 | +€5,122 | +936% |
| Taxes, remuneration and social security | 45 | €5,335 | €4,312 | -€1,023 | -19.2% |
| Taxes | 450/3 | €5,335 | €4,312 | -€1,023 | -19.2% |
| Other amounts payable | 47/48 | €104,362 | €104,362 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,995 | €3,995 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,638 | €66,331 | +€33,693 | +103% |
| Other operating charges | 640/8 | €33,816 | €33,034 | -€782 | -2.3% |
| Gross operating margin | 9900 | €165,235 | €85,480 | -€79,756 | -48.3% |
| Operating profit (loss) | 9901 | €98,782 | -€13,886 | -€112,667 | |
| Financial income | 75/76B | €406,552 | €904,382 | +€497,830 | +122% |
| Recurring financial income | 75 | €406,552 | €904,382 | +€497,830 | +122% |
| Financial charges | 65/66B | €33,455 | €27,631 | -€5,824 | -17.4% |
| Recurring financial charges | 65 | €33,455 | €27,631 | -€5,824 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €471,878 | €862,865 | +€390,987 | +82.9% |
| Income taxes | 67/77 | €17,803 | €0 | -€17,803 | -100% |
| Profit (loss) for the period | 9904 | €454,075 | €862,865 | +€408,790 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €454,075 | €862,865 | +€408,790 | +90.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.