GGGC 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.
GGGC IMMO
Largest movements
- Tangible fixed assets -€13,392
down €13,392 (-3.8%), from €354,742 to €341,350
- Cash +€5,766
up €5,766 (+13.1%), from €43,920 to €49,685
mainly Net result for the year (+€13,565) and Depreciation (+€13,467)
- Debts after one year -€24,580
down €24,580 (-9.8%), from €249,581 to €225,001
- Reserves +€13,565
up €13,565 (+49.2%), from €27,573 to €41,139
- Depreciation -€9,801
down €9,801 (-42.1%), from €23,267 to €13,467
- Taxes +€2,321
up €2,321 (+88.7%), from €2,617 to €4,938
- Gross operating margin -€1,934
down €1,934 (-4.5%), from €42,583 to €40,649
- Financial charges -€475
down €475 (-8.2%), from €5,787 to €5,312
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 | €399,710 | €392,345 | -€7,365 | -1.8% |
| Formation expenses | 20 | €74 | - | -€74 | |
| Fixed assets | 21/28 | €354,742 | €341,350 | -€13,392 | -3.8% |
| Tangible fixed assets | 22/27 | €354,742 | €341,350 | -€13,392 | -3.8% |
| Land and buildings | 22 | €354,742 | €341,350 | -€13,392 | -3.8% |
| Current assets | 29/58 | €44,893 | €50,995 | +€6,102 | +13.6% |
| Amounts receivable within one year | 40/41 | €383 | €383 | = | 0.0% |
| Other amounts receivable | 41 | €383 | €383 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,920 | €49,685 | +€5,766 | +13.1% |
| Deferred charges and accrued income | 490/1 | €591 | €927 | +€336 | +57.0% |
| Total equity and liabilities | 10/49 | €399,710 | €392,345 | -€7,365 | -1.8% |
| Equity | 10/15 | €67,573 | €81,139 | +€13,565 | +20.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €27,573 | €41,139 | +€13,565 | +49.2% |
| Distributable reserves | 133 | €27,573 | €41,139 | +€13,565 | +49.2% |
| Amounts payable | 17/49 | €332,137 | €311,207 | -€20,930 | -6.3% |
| Amounts payable after more than one year | 17 | €249,581 | €225,001 | -€24,580 | -9.8% |
| Financial debts | 170/4 | €249,581 | €225,001 | -€24,580 | -9.8% |
| Amounts payable within one year | 42/48 | €82,556 | €86,206 | +€3,649 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €24,096 | €24,580 | +€484 | +2.0% |
| Trade debts | 44 | €1,542 | €1,013 | -€529 | -34.3% |
| Suppliers | 440/4 | €1,542 | €1,013 | -€529 | -34.3% |
| Taxes, remuneration and social security | 45 | €2,743 | €4,938 | +€2,195 | +80.0% |
| Taxes | 450/3 | €2,743 | €4,938 | +€2,195 | +80.0% |
| Other amounts payable | 47/48 | €54,175 | €55,675 | +€1,500 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,267 | €13,467 | -€9,801 | -42.1% |
| Other operating charges | 640/8 | €3,264 | €3,367 | +€102 | +3.1% |
| Gross operating margin | 9900 | €42,583 | €40,649 | -€1,934 | -4.5% |
| Operating profit (loss) | 9901 | €16,052 | €23,816 | +€7,764 | +48.4% |
| Financial charges | 65/66B | €5,787 | €5,312 | -€475 | -8.2% |
| Recurring financial charges | 65 | €5,787 | €5,312 | -€475 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €10,265 | €18,503 | +€8,239 | +80.3% |
| Income taxes | 67/77 | €2,617 | €4,938 | +€2,321 | +88.7% |
| Profit (loss) for the period | 9904 | €7,648 | €13,565 | +€5,918 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,648 | €13,565 | +€5,918 | +77.4% |
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 14 October 2026 via checked.be.