GKHT Immo: what changed
Two fiscal 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.
GKHT Immo
Largest movements
- Cash +€377,328
up €377,328 (+171.8%), from €219,654 to €596,982
mainly Other debts (+€219,277) and Net result for the year (+€133,432)
- Receivables within one year -€26,264
down €26,264 (-38.1%), from €69,016 to €42,752
of which Other amounts receivable: -€20,084
- Tangible fixed assets -€16,379
down €16,379 (-4.1%), from €403,462 to €387,083
of which Land and buildings: -€12,254
- Other debts +€219,277
up €219,277 (+97.7%), from €224,408 to €443,686
- Profit (loss) carried forward +€133,432
up €133,432 (+97.9%), from €136,363 to €269,795
- Accrued charges and deferred income -€15,213
down €15,213 (-100.0%), from €15,213 to €0
- Financial income +€129,230
up €129,230 (+12922953.0%), from €1 to €129,231
- Taxes +€29,191
up €29,191 (+301.4%), from €9,686 to €38,877
- Financial charges +€10,940
up €10,940 (+63.9%), from €17,114 to €28,055
- Gross operating margin +€10,818
up €10,818 (+13.7%), from €79,219 to €90,037
- Other operating charges +€1,661
up €1,661 (+192.3%), from €864 to €2,525
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.
Cash bridge derived
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 | €693,073 | €1,029,150 | +€336,076 | +48.5% |
| Fixed assets | 21/28 | €403,462 | €387,083 | -€16,379 | -4.1% |
| Tangible fixed assets | 22/27 | €403,462 | €387,083 | -€16,379 | -4.1% |
| Land and buildings | 22 | €392,150 | €379,895 | -€12,254 | -3.1% |
| Plant, machinery and equipment | 23 | €3,545 | €2,666 | -€879 | -24.8% |
| Furniture and vehicles | 24 | €7,767 | €4,521 | -€3,246 | -41.8% |
| Current assets | 29/58 | €289,611 | €642,067 | +€352,455 | +121.7% |
| Amounts receivable within one year | 40/41 | €69,016 | €42,752 | -€26,264 | -38.1% |
| Trade receivables | 40 | €46,720 | €40,540 | -€6,180 | -13.2% |
| Other amounts receivable | 41 | €22,296 | €2,212 | -€20,084 | -90.1% |
| Current investments | 50/53 | - | €121 | +€121 | |
| Cash at bank and in hand | 54/58 | €219,654 | €596,982 | +€377,328 | +171.8% |
| Deferred charges and accrued income | 490/1 | €941 | €2,212 | +€1,271 | +135.1% |
| Total equity and liabilities | 10/49 | €693,073 | €1,029,150 | +€336,076 | +48.5% |
| Equity | 10/15 | €438,763 | €572,195 | +€133,432 | +30.4% |
| Contributions | 10/11 | €302,400 | €302,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,363 | €269,795 | +€133,432 | +97.9% |
| Amounts payable | 17/49 | €254,310 | €456,954 | +€202,644 | +79.7% |
| Amounts payable within one year | 42/48 | €239,097 | €456,954 | +€217,857 | +91.1% |
| Trade debts | 44 | €2,134 | €2,096 | -€38 | -1.8% |
| Suppliers | 440/4 | €2,134 | €2,096 | -€38 | -1.8% |
| Taxes, remuneration and social security | 45 | €12,555 | €11,173 | -€1,382 | -11.0% |
| Taxes | 450/3 | €9,855 | €8,473 | -€1,382 | -14.0% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €224,408 | €443,686 | +€219,277 | +97.7% |
| Accrued charges and deferred income | 492/3 | €15,213 | €0 | -€15,213 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,423 | €16,379 | +€956 | +6.2% |
| Other operating charges | 640/8 | €864 | €2,525 | +€1,661 | +192.3% |
| Gross operating margin | 9900 | €79,219 | €90,037 | +€10,818 | +13.7% |
| Operating profit (loss) | 9901 | €62,932 | €71,133 | +€8,201 | +13.0% |
| Financial income | 75/76B | €1 | €129,231 | +€129,230 | +12922953.0% |
| Recurring financial income | 75 | €1 | €129,231 | +€129,230 | +12922953.0% |
| Financial charges | 65/66B | €17,114 | €28,055 | +€10,940 | +63.9% |
| Recurring financial charges | 65 | €17,114 | €28,055 | +€10,940 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €45,819 | €172,309 | +€126,490 | +276.1% |
| Income taxes | 67/77 | €9,686 | €38,877 | +€29,191 | +301.4% |
| Profit (loss) for the period | 9904 | €36,133 | €133,432 | +€97,299 | +269.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,133 | €133,432 | +€97,299 | +269.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.