GMR 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.
GMR IMMO
Largest movements
- Cash -€7,960
down €7,960 (-93.9%), from €8,480 to €520
mainly Net result for the year (-€10,108) and Tax, wage and social debts (-€2,795)
- Profit (loss) carried forward -€10,108
down €10,108 (-100%), from -€10,070 to -€20,178
- Other debts +€3,000
new in 2025: €3,000
- Tax, wage and social debts -€2,795
down €2,795 (-100%), from €2,795 to €0
- Gross operating margin +€6,932
up €6,932 (+61.8%), from -€11,214 to -€4,282
- Financial charges -€1,471
down €1,471 (-24.3%), from €6,044 to €4,573
- Depreciation +€424
up €424 (+174%), from €243 to €667
- Other operating charges -€369
down €369 (-38.6%), from €954 to €585
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 | €150,152 | €141,334 | -€8,818 | -5.9% |
| Fixed assets | 21/28 | €1,757 | €1,090 | -€667 | -37.9% |
| Tangible fixed assets | 22/27 | €1,757 | €1,090 | -€667 | -37.9% |
| Furniture and vehicles | 24 | €1,757 | €1,090 | -€667 | -37.9% |
| Current assets | 29/58 | €148,395 | €140,244 | -€8,151 | -5.5% |
| Stocks and contracts in progress | 3 | €139,621 | €139,621 | = | 0.0% |
| Stocks | 30/36 | €139,621 | €139,621 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €295 | €104 | -€191 | -64.8% |
| Other amounts receivable | 41 | €295 | €104 | -€191 | -64.8% |
| Cash at bank and in hand | 54/58 | €8,480 | €520 | -€7,960 | -93.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €150,152 | €141,334 | -€8,818 | -5.9% |
| Equity | 10/15 | €4,930 | -€5,178 | -€10,108 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€10,070 | -€20,178 | -€10,108 | -100% |
| Amounts payable | 17/49 | €145,223 | €146,513 | +€1,290 | +0.9% |
| Amounts payable within one year | 42/48 | €145,223 | €146,513 | +€1,290 | +0.9% |
| Financial debts | 43 | €131,000 | €131,000 | = | 0.0% |
| Credit institutions | 430/8 | €131,000 | €131,000 | = | 0.0% |
| Trade debts | 44 | €11,428 | €12,513 | +€1,085 | +9.5% |
| Suppliers | 440/4 | €11,428 | €12,513 | +€1,085 | +9.5% |
| Taxes, remuneration and social security | 45 | €2,795 | €0 | -€2,795 | -100% |
| Taxes | 450/3 | €2,795 | €0 | -€2,795 | -100% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | €667 | +€424 | +174% |
| Other operating charges | 640/8 | €954 | €585 | -€369 | -38.6% |
| Gross operating margin | 9900 | -€11,214 | -€4,282 | +€6,932 | +61.8% |
| Operating profit (loss) | 9901 | -€12,411 | -€5,534 | +€6,877 | +55.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,044 | €4,573 | -€1,471 | -24.3% |
| Recurring financial charges | 65 | €6,044 | €4,573 | -€1,471 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,455 | -€10,108 | +€8,347 | +45.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,455 | -€10,108 | +€8,347 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,455 | -€10,108 | +€8,347 | +45.2% |
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 27 October 2026 via checked.be.