GMP 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.
GMP immo
Largest movements
- Financial fixed assets +€5.9m
up €5.9m (+254.0%), from €2.3m to €8.2m
- Debts after one year +€4.1m
up €4.1m (+407.5%), from €1.0m to €5.1m
- Current portion of long-term debt +€926,712
up €926,712 (+863.2%), from €107,355 to €1.0m
- Other debts +€904,124
up €904,124 (+117.4%), from €770,389 to €1.7m
- Financial charges +€57,193
up €57,193 (+275.6%), from €20,754 to €77,947
- Financial income -€56,000
down €56,000 (-31.1%), from €180,000 to €124,000
- Gross operating margin -€43,385
down €43,385, from €19,038 to -€24,347
- Other operating charges -€1,016
no longer reported in 2025 (was €1,016)
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 | €2,345,854 | €8,294,440 | +€5.9m | +253.6% |
| Fixed assets | 21/28 | €2,325,505 | €8,231,373 | +€5.9m | +254.0% |
| Financial fixed assets | 28 | €2,325,505 | €8,231,373 | +€5.9m | +254.0% |
| Current assets | 29/58 | €20,350 | €63,067 | +€42,717 | +209.9% |
| Cash at bank and in hand | 54/58 | €20,350 | €63,067 | +€42,717 | +209.9% |
| Total equity and liabilities | 10/49 | €2,345,854 | €8,294,440 | +€5.9m | +253.6% |
| Equity | 10/15 | €462,736 | €484,442 | +€21,706 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,136 | €465,842 | +€21,706 | +4.9% |
| Amounts payable | 17/49 | €1,883,118 | €7,809,998 | +€5.9m | +314.7% |
| Amounts payable after more than one year | 17 | €1,004,396 | €5,097,473 | +€4.1m | +407.5% |
| Financial debts | 170/4 | €1,004,396 | €5,097,473 | +€4.1m | +407.5% |
| Amounts payable within one year | 42/48 | €878,722 | €2,712,525 | +€1.8m | +208.7% |
| Current portion of amounts payable after more than one year | 42 | €107,355 | €1,034,067 | +€926,712 | +863.2% |
| Trade debts | 44 | €979 | €3,946 | +€2,967 | +303.1% |
| Suppliers | 440/4 | €979 | €3,946 | +€2,967 | +303.1% |
| Other amounts payable | 47/48 | €770,389 | €1,674,512 | +€904,124 | +117.4% |
| Non-recurring operating income | 76A | - | €332 | +€332 | |
| Other operating charges | 640/8 | €1,016 | - | -€1,016 | |
| Gross operating margin | 9900 | €19,038 | -€24,347 | -€43,385 | |
| Operating profit (loss) | 9901 | €18,023 | -€24,347 | -€42,369 | |
| Financial income | 75/76B | €180,000 | €124,000 | -€56,000 | -31.1% |
| Recurring financial income | 75 | €180,000 | €124,000 | -€56,000 | -31.1% |
| Financial charges | 65/66B | €20,754 | €77,947 | +€57,193 | +275.6% |
| Recurring financial charges | 65 | €20,754 | €77,947 | +€57,193 | +275.6% |
| Profit (loss) for the period before taxes | 9903 | €177,269 | €21,706 | -€155,563 | -87.8% |
| Profit (loss) for the period | 9904 | €177,269 | €21,706 | -€155,563 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €177,269 | €21,706 | -€155,563 | -87.8% |
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 8 October 2026 via checked.be.