GISA VASTGOED: what changed
GISA VASTGOED
Largest movements
- Cash +€230,856
up €230,856 (+2,895%), from €7,973 to €238,829
mainly Receivables within one year (+€168,750) and Investment in fixed assets (net) (+€48,749)
- Receivables within one year -€168,750
down €168,750 (-20.7%), from €814,978 to €646,229
of which Other amounts receivable: -€143,340
- Financial fixed assets -€48,749
down €48,749 (-20.9%), from €233,280 to €184,531
- Other debts -€11,389
down €11,389 (-2.5%), from €464,444 to €453,055
- Gross operating margin +€47,140
up €47,140 (+1,359%), from €3,468 to €50,608
- Financial income -€29,334
down €29,334 (-75.1%), from €39,044 to €9,711
- Financial charges +€4,689
up €4,689 (+12.5%), from €37,440 to €42,129
of which Financial charges: +€4,689
- Taxes +€1,902
up €1,902 (+294%), from €646 to €2,548
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,975 | €1,072,745 | +€5,770 | +0.5% |
| Fixed assets | 21/28 | €244,023 | €187,688 | -€56,336 | -23.1% |
| Tangible fixed assets | 22/27 | €10,743 | €3,157 | -€7,587 | -70.6% |
| Plant, machinery and equipment | 23 | €3,901 | €116 | -€3,786 | -97.0% |
| Leasing and similar rights | 25 | €6,842 | €3,041 | -€3,801 | -55.6% |
| Financial fixed assets | 28 | €233,280 | €184,531 | -€48,749 | -20.9% |
| Current assets | 29/58 | €822,951 | €885,057 | +€62,106 | +7.5% |
| Amounts receivable within one year | 40/41 | €814,978 | €646,229 | -€168,750 | -20.7% |
| Trade receivables | 40 | €25,410 | €0 | -€25,410 | -100% |
| Other amounts receivable | 41 | €789,568 | €646,229 | -€143,340 | -18.2% |
| Cash at bank and in hand | 54/58 | €7,973 | €238,829 | +€230,856 | +2,895% |
| Total equity and liabilities | 10/49 | €1,066,975 | €1,072,745 | +€5,770 | +0.5% |
| Equity | 10/15 | €591,268 | €599,068 | +€7,800 | +1.3% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €74,429 | €79,068 | +€4,640 | +6.2% |
| Distributable reserves | 133 | €74,429 | €79,068 | +€4,640 | +6.2% |
| Profit (loss) carried forward | 14 | -€3,161 | €0 | +€3,161 | |
| Amounts payable | 17/49 | €475,707 | €473,677 | -€2,030 | -0.4% |
| Amounts payable within one year | 42/48 | €475,707 | €473,677 | -€2,030 | -0.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,263 | €20,622 | +€9,359 | +83.1% |
| Taxes | 450/3 | €11,263 | €20,622 | +€9,359 | +83.1% |
| Other amounts payable | 47/48 | €464,444 | €453,055 | -€11,389 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,587 | €7,587 | -€0 | 0.0% |
| Other operating charges | 640/8 | €0 | €254 | +€254 | |
| Gross operating margin | 9900 | €3,468 | €50,608 | +€47,140 | +1,359% |
| Operating profit (loss) | 9901 | -€4,119 | €42,767 | +€46,886 | |
| Financial income | 75/76B | €39,044 | €9,711 | -€29,334 | -75.1% |
| Recurring financial income | 75 | €39,044 | €9,711 | -€29,334 | -75.1% |
| Financial charges | 65/66B | €37,440 | €42,129 | +€4,689 | +12.5% |
| Recurring financial charges | 65 | €37,440 | €42,129 | +€4,689 | +12.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€2,515 | €10,349 | +€12,863 | |
| Income taxes | 67/77 | €646 | €2,548 | +€1,902 | +294% |
| Profit (loss) for the period | 9904 | -€3,161 | €7,800 | +€10,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,161 | €7,800 | +€10,961 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.