GIV 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.
GIV IMMO
Largest movements
- Stocks and contracts -€761,312
no longer reported in 2025 (was €761,312)
- Receivables within one year +€472,582
up €472,582 (+69.4%), from €680,754 to €1.2m
of which Other amounts receivable: +€472,582
- Cash -€31,503
down €31,503 (-97.9%), from €32,178 to €675
mainly Debts after one year (-€525,000) and Receivables within one year (-€472,582)
- Debts after one year -€525,000
no longer reported in 2025 (was €525,000)
- Trade debts +€165,536
up €165,536 (+16.8%), from €986,105 to €1.2m
- Profit (loss) carried forward +€80,068
up €80,068 (+99.9%), from -€80,156 to -€87
- Other debts -€40,000
no longer reported in 2025 (was €40,000)
- Financial charges -€32,760
down €32,760 (-70.1%), from €46,730 to €13,970
- Gross operating margin +€7,528
up €7,528 (+8.6%), from €87,542 to €95,070
- Other operating charges -€5,236
down €5,236 (-83.5%), from €6,269 to €1,032
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 | €1,474,244 | €1,155,052 | -€319,192 | -21.7% |
| Current assets | 29/58 | €1,474,244 | €1,155,052 | -€319,192 | -21.7% |
| Stocks and contracts in progress | 3 | €761,312 | - | -€761,312 | |
| Stocks | 30/36 | €761,312 | - | -€761,312 | |
| Amounts receivable within one year | 40/41 | €680,754 | €1,153,337 | +€472,582 | +69.4% |
| Trade receivables | 40 | €3,214 | €3,214 | = | 0.0% |
| Other amounts receivable | 41 | €677,541 | €1,150,123 | +€472,582 | +69.7% |
| Cash at bank and in hand | 54/58 | €32,178 | €675 | -€31,503 | -97.9% |
| Deferred charges and accrued income | 490/1 | - | €1,040 | +€1,040 | |
| Total equity and liabilities | 10/49 | €1,474,244 | €1,155,052 | -€319,192 | -21.7% |
| Equity | 10/15 | -€77,656 | €2,413 | +€80,068 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,156 | -€87 | +€80,068 | +99.9% |
| Amounts payable | 17/49 | €1,551,900 | €1,152,639 | -€399,260 | -25.7% |
| Amounts payable after more than one year | 17 | €525,000 | - | -€525,000 | |
| Financial debts | 170/4 | €525,000 | - | -€525,000 | |
| Amounts payable within one year | 42/48 | €1,026,105 | €1,151,641 | +€125,536 | +12.2% |
| Trade debts | 44 | €986,105 | €1,151,641 | +€165,536 | +16.8% |
| Suppliers | 440/4 | €986,105 | €1,151,641 | +€165,536 | +16.8% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Accrued charges and deferred income | 492/3 | €795 | €998 | +€204 | +25.7% |
| Other operating charges | 640/8 | €6,269 | €1,032 | -€5,236 | -83.5% |
| Gross operating margin | 9900 | €87,542 | €95,070 | +€7,528 | +8.6% |
| Operating profit (loss) | 9901 | €81,273 | €94,038 | +€12,765 | +15.7% |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €46,730 | €13,970 | -€32,760 | -70.1% |
| Recurring financial charges | 65 | €46,730 | €13,970 | -€32,760 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €34,603 | €80,068 | +€45,465 | +131% |
| Profit (loss) for the period | 9904 | €34,603 | €80,068 | +€45,465 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €34,603 | €80,068 | +€45,465 | +131% |
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 13 October 2026 via checked.be.