GHYCA 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.
GHYCA IMMO
Largest movements
- Tangible fixed assets +€20,671
up €20,671 (+6.0%), from €347,111 to €367,782
of which Land and buildings: +€20,851
- Other debts +€40,124
up €40,124 (+18.5%), from €216,322 to €256,445
- Profit (loss) carried forward -€23,636
down €23,636 (-57.6%), from -€41,032 to -€64,668
- Current portion of long-term debt +€5,116
up €5,116 (+145%), from €3,533 to €8,649
- Debts after one year -€4,793
down €4,793 (-3.2%), from €147,835 to €143,042
- Trade debts +€4,213
up €4,213 (+638%), from €660 to €4,874
- Gross operating margin +€8,168
up €8,168 (+86.6%), from -€9,430 to -€1,262
- Depreciation +€4,960
up €4,960 (+47.2%), from €10,515 to €15,475
- Other operating charges -€1,485
down €1,485 (-57.8%), from €2,569 to €1,084
- Financial charges +€458
up €458 (+8.6%), from €5,357 to €5,815
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 | €347,318 | €368,342 | +€21,024 | +6.1% |
| Fixed assets | 21/28 | €347,111 | €367,782 | +€20,671 | +6.0% |
| Tangible fixed assets | 22/27 | €347,111 | €367,782 | +€20,671 | +6.0% |
| Land and buildings | 22 | €345,330 | €366,181 | +€20,851 | +6.0% |
| Furniture and vehicles | 24 | €1,781 | €1,601 | -€180 | -10.1% |
| Current assets | 29/58 | €207 | €560 | +€353 | +171% |
| Amounts receivable within one year | 40/41 | €0 | €164 | +€164 | |
| Other amounts receivable | 41 | €0 | €164 | +€164 | |
| Cash at bank and in hand | 54/58 | €46 | €229 | +€183 | +400% |
| Deferred charges and accrued income | 490/1 | €161 | €167 | +€6 | +3.6% |
| Total equity and liabilities | 10/49 | €347,318 | €368,342 | +€21,024 | +6.1% |
| Equity | 10/15 | -€21,032 | -€44,668 | -€23,636 | -112% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,032 | -€64,668 | -€23,636 | -57.6% |
| Amounts payable | 17/49 | €368,350 | €413,010 | +€44,660 | +12.1% |
| Amounts payable after more than one year | 17 | €147,835 | €143,042 | -€4,793 | -3.2% |
| Financial debts | 170/4 | €147,835 | €143,042 | -€4,793 | -3.2% |
| Amounts payable within one year | 42/48 | €220,516 | €269,968 | +€49,453 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €3,533 | €8,649 | +€5,116 | +145% |
| Trade debts | 44 | €660 | €4,874 | +€4,213 | +638% |
| Suppliers | 440/4 | €660 | €4,874 | +€4,213 | +638% |
| Other amounts payable | 47/48 | €216,322 | €256,445 | +€40,124 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,515 | €15,475 | +€4,960 | +47.2% |
| Other operating charges | 640/8 | €2,569 | €1,084 | -€1,485 | -57.8% |
| Gross operating margin | 9900 | -€9,430 | -€1,262 | +€8,168 | +86.6% |
| Operating profit (loss) | 9901 | -€22,514 | -€17,821 | +€4,693 | +20.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,357 | €5,815 | +€458 | +8.6% |
| Recurring financial charges | 65 | €5,357 | €5,815 | +€458 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,871 | -€23,636 | +€4,235 | +15.2% |
| Profit (loss) for the period | 9904 | -€27,871 | -€23,636 | +€4,235 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,871 | -€23,636 | +€4,235 | +15.2% |
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 27 October 2026 via checked.be.