GML 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.
GML IMMO
Largest movements
- Cash +€58,086
up €58,086 (+45.4%), from €128,006 to €186,092
mainly Net result for the year (+€91,519) and Depreciation (+€33,412)
- Reserves +€48,213
up €48,213 (+9.9%), from €488,443 to €536,657
of which Distributable reserves: +€48,213
- Gross operating margin +€11,499
up €11,499 (+6.7%), from €171,019 to €182,518
- Depreciation +€4,138
up €4,138 (+14.1%), from €29,273 to €33,412
- Taxes +€2,216
up €2,216 (+5.4%), from €41,215 to €43,431
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 | €2,897,052 | €2,935,362 | +€38,310 | +1.3% |
| Fixed assets | 21/28 | €2,763,871 | €2,738,351 | -€25,520 | -0.9% |
| Tangible fixed assets | 22/27 | €2,763,046 | €2,737,526 | -€25,520 | -0.9% |
| Land and buildings | 22 | €2,763,046 | €2,731,516 | -€31,531 | -1.1% |
| Plant, machinery and equipment | 23 | - | €1,719 | +€1,719 | |
| Furniture and vehicles | 24 | - | €4,291 | +€4,291 | |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €133,180 | €197,011 | +€63,830 | +47.9% |
| Cash at bank and in hand | 54/58 | €128,006 | €186,092 | +€58,086 | +45.4% |
| Deferred charges and accrued income | 490/1 | €5,175 | €10,918 | +€5,744 | +111.0% |
| Total equity and liabilities | 10/49 | €2,897,052 | €2,935,362 | +€38,310 | +1.3% |
| Equity | 10/15 | €2,807,413 | €2,855,626 | +€48,213 | +1.7% |
| Contributions | 10/11 | €35,430 | €35,430 | = | 0.0% |
| Revaluation surpluses | 12 | €2,186,225 | €2,186,225 | = | 0.0% |
| Reserves | 13 | €488,443 | €536,657 | +€48,213 | +9.9% |
| Non-distributable reserves | 130/1 | €13,349 | €13,349 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,349 | €13,349 | = | 0.0% |
| Distributable reserves | 133 | €475,094 | €523,308 | +€48,213 | +10.1% |
| Profit (loss) carried forward | 14 | €97,314 | €97,314 | = | 0.0% |
| Amounts payable | 17/49 | €89,639 | €79,736 | -€9,903 | -11.0% |
| Amounts payable after more than one year | 17 | €19,312 | €19,580 | +€268 | +1.4% |
| Other amounts payable | 178/9 | €19,312 | €19,580 | +€268 | +1.4% |
| Amounts payable within one year | 42/48 | €68,732 | €54,638 | -€14,094 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €10,417 | - | -€10,417 | |
| Financial debts | 43 | €20,054 | €23,457 | +€3,403 | +17.0% |
| Credit institutions | 430/8 | €20,054 | €23,457 | +€3,403 | +17.0% |
| Trade debts | 44 | €4,351 | - | -€4,351 | |
| Suppliers | 440/4 | €4,351 | - | -€4,351 | |
| Taxes, remuneration and social security | 45 | €6,215 | €3,431 | -€2,784 | -44.8% |
| Taxes | 450/3 | €6,215 | €3,431 | -€2,784 | -44.8% |
| Other amounts payable | 47/48 | €27,695 | €27,749 | +€55 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,595 | €5,519 | +€3,924 | +246.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,273 | €33,412 | +€4,138 | +14.1% |
| Other operating charges | 640/8 | €12,039 | €12,417 | +€379 | +3.1% |
| Gross operating margin | 9900 | €171,019 | €182,518 | +€11,499 | +6.7% |
| Operating profit (loss) | 9901 | €129,707 | €136,690 | +€6,982 | +5.4% |
| Financial charges | 65/66B | €1,534 | €1,739 | +€205 | +13.4% |
| Recurring financial charges | 65 | €1,534 | €1,739 | +€205 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €128,174 | €134,950 | +€6,777 | +5.3% |
| Income taxes | 67/77 | €41,215 | €43,431 | +€2,216 | +5.4% |
| Profit (loss) for the period | 9904 | €86,958 | €91,519 | +€4,561 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,958 | €91,519 | +€4,561 | +5.2% |
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 2 October 2026 via checked.be.