Gilbo 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.
Gilbo Immo
Largest movements
- Cash +€97,012
up €97,012 (+51.5%), from €188,258 to €285,269
mainly Depreciation (+€88,777) and Net result for the year (+€10,010)
- Tangible fixed assets -€77,252
down €77,252 (-4.7%), from €1.6m to €1.6m
No liability line moved by more than 1% of the balance sheet total.
- Taxes -€59,319
down €59,319 (-92.2%), from €64,328 to €5,009
- Depreciation -€35,506
down €35,506 (-28.6%), from €124,284 to €88,777
- Gross operating margin -€33,358
down €33,358 (-22.8%), from €146,113 to €112,755
- Other operating charges +€7,514
up €7,514 (+589%), from €1,275 to €8,789
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 | €1,826,846 | €1,847,930 | +€21,084 | +1.2% |
| Fixed assets | 21/28 | €1,629,081 | €1,551,829 | -€77,252 | -4.7% |
| Tangible fixed assets | 22/27 | €1,629,081 | €1,551,829 | -€77,252 | -4.7% |
| Land and buildings | 22 | €1,629,081 | €1,551,829 | -€77,252 | -4.7% |
| Current assets | 29/58 | €197,765 | €296,101 | +€98,336 | +49.7% |
| Amounts receivable within one year | 40/41 | €508 | €10,832 | +€10,324 | +2,034% |
| Trade receivables | 40 | €508 | €7,877 | +€7,369 | +1,452% |
| Other amounts receivable | 41 | - | €2,955 | +€2,955 | |
| Cash at bank and in hand | 54/58 | €188,258 | €285,269 | +€97,012 | +51.5% |
| Deferred charges and accrued income | 490/1 | €9,000 | - | -€9,000 | |
| Total equity and liabilities | 10/49 | €1,826,846 | €1,847,930 | +€21,084 | +1.2% |
| Equity | 10/15 | €1,759,563 | €1,769,573 | +€10,010 | +0.6% |
| Contributions | 10/11 | €8,132 | €8,132 | = | 0.0% |
| Reserves | 13 | €1,751,431 | €1,761,441 | +€10,010 | +0.6% |
| Non-distributable reserves | 130/1 | €813 | €813 | = | 0.0% |
| Reserves not available under the articles | 1311 | €813 | €813 | = | 0.0% |
| Tax-exempt reserves | 132 | €323 | €323 | = | 0.0% |
| Distributable reserves | 133 | €1,750,295 | €1,760,306 | +€10,010 | +0.6% |
| Amounts payable | 17/49 | €67,283 | €78,357 | +€11,074 | +16.5% |
| Amounts payable within one year | 42/48 | €67,283 | €69,357 | +€2,074 | +3.1% |
| Trade debts | 44 | - | €19 | +€19 | |
| Suppliers | 440/4 | - | €19 | +€19 | |
| Taxes, remuneration and social security | 45 | €64,328 | €69,338 | +€5,009 | +7.8% |
| Taxes | 450/3 | €64,328 | €69,338 | +€5,009 | +7.8% |
| Other amounts payable | 47/48 | €2,955 | - | -€2,955 | |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,284 | €88,777 | -€35,506 | -28.6% |
| Other operating charges | 640/8 | €1,275 | €8,789 | +€7,514 | +589% |
| Gross operating margin | 9900 | €146,113 | €112,755 | -€33,358 | -22.8% |
| Operating profit (loss) | 9901 | €20,554 | €15,189 | -€5,365 | -26.1% |
| Financial charges | 65/66B | €28 | €169 | +€142 | +511% |
| Recurring financial charges | 65 | €28 | €169 | +€142 | +511% |
| Profit (loss) for the period before taxes | 9903 | €20,527 | €15,020 | -€5,507 | -26.8% |
| Income taxes | 67/77 | €64,328 | €5,009 | -€59,319 | -92.2% |
| Profit (loss) for the period | 9904 | -€43,802 | €10,010 | +€53,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,802 | €10,010 | +€53,812 |
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 20 October 2026 via checked.be.