GIPAVE 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.
GIPAVE IMMO
Largest movements
- Cash +€7,867
up €7,867 (+220%), from €3,570 to €11,437
mainly Net result for the year (+€19,195) and Depreciation (+€3,220)
- Tangible fixed assets -€3,220
down €3,220 (-1.1%), from €303,908 to €300,688
- Profit (loss) carried forward +€19,195
up €19,195 (+16.8%), from €114,307 to €133,502
- Debts after one year -€13,280
down €13,280 (-9.9%), from €134,266 to €120,986
- Gross operating margin +€3,258
up €3,258 (+10.8%), from €30,035 to €33,293
- Taxes -€542
down €542 (-7.8%), from €6,973 to €6,431
- Financial charges -€343
down €343 (-7.2%), from €4,790 to €4,447
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 | €307,478 | €312,125 | +€4,647 | +1.5% |
| Fixed assets | 21/28 | €303,908 | €300,688 | -€3,220 | -1.1% |
| Tangible fixed assets | 22/27 | €303,908 | €300,688 | -€3,220 | -1.1% |
| Land and buildings | 22 | €303,908 | €300,688 | -€3,220 | -1.1% |
| Current assets | 29/58 | €3,570 | €11,437 | +€7,867 | +220% |
| Cash at bank and in hand | 54/58 | €3,570 | €11,437 | +€7,867 | +220% |
| Total equity and liabilities | 10/49 | €307,478 | €312,125 | +€4,647 | +1.5% |
| Equity | 10/15 | €134,786 | €153,981 | +€19,195 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,887 | €1,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,887 | €1,887 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,887 | €1,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,307 | €133,502 | +€19,195 | +16.8% |
| Amounts payable | 17/49 | €172,692 | €158,144 | -€14,548 | -8.4% |
| Amounts payable after more than one year | 17 | €134,266 | €120,986 | -€13,280 | -9.9% |
| Financial debts | 170/4 | €134,266 | €120,986 | -€13,280 | -9.9% |
| Amounts payable within one year | 42/48 | €38,426 | €37,158 | -€1,268 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €15,129 | €13,927 | -€1,202 | -7.9% |
| Other amounts payable | 47/48 | €23,297 | €23,231 | -€66 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,221 | €3,220 | -€1 | 0.0% |
| Gross operating margin | 9900 | €30,035 | €33,293 | +€3,258 | +10.8% |
| Operating profit (loss) | 9901 | €26,814 | €30,073 | +€3,259 | +12.2% |
| Financial charges | 65/66B | €4,790 | €4,447 | -€343 | -7.2% |
| Recurring financial charges | 65 | €4,790 | €4,447 | -€343 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €22,024 | €25,626 | +€3,602 | +16.4% |
| Income taxes | 67/77 | €6,973 | €6,431 | -€542 | -7.8% |
| Profit (loss) for the period | 9904 | €15,051 | €19,195 | +€4,144 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,051 | €19,195 | +€4,144 | +27.5% |
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 18 October 2026 via checked.be.