GL.IMMO GROUP: 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.
GL.IMMO GROUP
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€92,941
down €92,941 (-21.8%), from €427,166 to €334,225
of which Tax-exempt reserves: -€92,941
- Tax, wage and social debts +€45,757
new in 2025: €45,757
- Debts after one year +€45,357
up €45,357 (+2.0%), from €2.3m to €2.3m
of which Financial debts: +€45,357
- Taxes +€45,757
new in 2025: €45,757
- Gross operating margin -€35,350
down €35,350 (-1,363%), from -€2,593 to -€37,943
- Financial charges +€28,425
up €28,425 (+5,878%), from €484 to €28,909
- Financial income +€16,350
new in 2025: €16,350
- Other operating charges +€4,318
up €4,318 (+446%), from €968 to €5,286
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 | €2,879,595 | €2,896,024 | +€16,429 | +0.6% |
| Fixed assets | 21/28 | €2,858,964 | €2,858,964 | = | 0.0% |
| Financial fixed assets | 28 | €2,858,964 | €2,858,964 | = | 0.0% |
| Current assets | 29/58 | €20,631 | €37,060 | +€16,429 | +79.6% |
| Amounts receivable within one year | 40/41 | €19,400 | €24,400 | +€5,000 | +25.8% |
| Other amounts receivable | 41 | €19,400 | €24,400 | +€5,000 | +25.8% |
| Cash at bank and in hand | 54/58 | €1,231 | €12,660 | +€11,429 | +929% |
| Total equity and liabilities | 10/49 | €2,879,595 | €2,896,024 | +€16,429 | +0.6% |
| Equity | 10/15 | €571,017 | €469,472 | -€101,546 | -17.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €427,166 | €334,225 | -€92,941 | -21.8% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,666 | €111,725 | -€92,941 | -45.4% |
| Distributable reserves | 133 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,851 | €10,247 | -€8,605 | -45.6% |
| Amounts payable | 17/49 | €2,308,578 | €2,426,552 | +€117,975 | +5.1% |
| Amounts payable after more than one year | 17 | €2,278,324 | €2,323,682 | +€45,357 | +2.0% |
| Financial debts | 170/4 | €1,474,928 | €1,520,286 | +€45,357 | +3.1% |
| Other amounts payable | 178/9 | €803,396 | €803,396 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,253 | €74,493 | +€44,240 | +146% |
| Trade debts | 44 | €30,253 | €28,736 | -€1,517 | -5.0% |
| Suppliers | 440/4 | €30,253 | €28,736 | -€1,517 | -5.0% |
| Taxes, remuneration and social security | 45 | - | €45,757 | +€45,757 | |
| Taxes | 450/3 | - | €45,757 | +€45,757 | |
| Accrued charges and deferred income | 492/3 | - | €28,377 | +€28,377 | |
| Other operating charges | 640/8 | €968 | €5,286 | +€4,318 | +446% |
| Gross operating margin | 9900 | -€2,593 | -€37,943 | -€35,350 | -1,363% |
| Operating profit (loss) | 9901 | -€3,561 | -€43,229 | -€39,669 | -1,114% |
| Financial income | 75/76B | - | €16,350 | +€16,350 | |
| Recurring financial income | 75 | - | €16,350 | +€16,350 | |
| Financial charges | 65/66B | €484 | €28,909 | +€28,425 | +5,878% |
| Recurring financial charges | 65 | €484 | €28,909 | +€28,425 | +5,878% |
| Profit (loss) for the period before taxes | 9903 | -€4,044 | -€55,789 | -€51,744 | -1,279% |
| Income taxes | 67/77 | - | €45,757 | +€45,757 | |
| Profit (loss) for the period | 9904 | -€4,044 | -€101,546 | -€97,501 | -2,411% |
| Transfer from tax-exempt reserves | 789 | - | €92,941 | +€92,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,044 | -€8,605 | -€4,560 | -113% |
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.