GOLD 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.
What changed
GOLD IMMO
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€129,332
2024 · €440,060-€310,728
Equity
€1.8m
2024 · €1.7m+€129,332
Cash
€71,161
2024 · €54,698+€16,463
Balance sheet total
€3.1m
2024 · €3.2m-€140,241
Largest movements
Assets
- Tangible fixed assets -€185,763
down €185,763 (-6.1%), from €3.0m to €2.9m
of which Land and buildings: -€167,040
Equity and liabilities
- Debts after one year -€297,046
down €297,046 (-21.3%), from €1.4m to €1.1m
of which Financial debts: -€300,646
- Profit (loss) carried forward +€129,332
up €129,332 (+19.2%), from -€675,126 to -€545,795
Income statement
- Gross operating margin -€406,820
down €406,820 (-32.8%), from €1.2m to €832,902
- Financial charges -€44,921
down €44,921 (-51.5%), from €87,232 to €42,311
of which Financial charges: -€32,158
- Staff costs -€27,225
down €27,225 (-8.5%), from €319,826 to €292,602
- Other operating charges -€24,876
down €24,876 (-15.6%), from €159,604 to €134,728
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.
Result 2024
€440,060
Gross operating margin
-€406,820
Staff costs
+€27,225
Depreciation
-€7,340
Other operating charges
+€24,876
Financial income
-€109
Financial charges
+€44,921
Taxes
+€6,520
Result 2025
€129,332
raises the resultlowers the result
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.
From operations
+€283,697
Investment
€0
Financing
-€267,234
Cash 2024
€54,698
From operations (derived)
+€283,697
Net result for the year
+€129,332
Depreciation
+€185,763
Receivables within one year
-€29,523
Deferred charges and accrued income
+€464
Trade debts
+€11,200
Tax, wage and social debts
-€15,992
Accrued charges and deferred income
+€2,454
Financing
-€267,234
Debts after one year
-€297,046
Current portion of long-term debt
+€29,812
Cash 2025
€71,161
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,239,376 | €3,099,135 | -€140,241 | -4.3% |
| Fixed assets | 21/28 | €3,044,854 | €2,859,091 | -€185,763 | -6.1% |
| Tangible fixed assets | 22/27 | €3,044,854 | €2,859,091 | -€185,763 | -6.1% |
| Land and buildings | 22 | €3,002,532 | €2,835,493 | -€167,040 | -5.6% |
| Plant, machinery and equipment | 23 | €24,220 | €12,408 | -€11,813 | -48.8% |
| Furniture and vehicles | 24 | €18,101 | €11,190 | -€6,911 | -38.2% |
| Current assets | 29/58 | €194,522 | €240,044 | +€45,522 | +23.4% |
| Amounts receivable within one year | 40/41 | €139,360 | €168,884 | +€29,523 | +21.2% |
| Trade receivables | 40 | €88,898 | €13,395 | -€75,503 | -84.9% |
| Other amounts receivable | 41 | €50,463 | €155,489 | +€105,026 | +208% |
| Cash at bank and in hand | 54/58 | €54,698 | €71,161 | +€16,463 | +30.1% |
| Deferred charges and accrued income | 490/1 | €464 | - | -€464 | |
| Total equity and liabilities | 10/49 | €3,239,376 | €3,099,135 | -€140,241 | -4.3% |
| Equity | 10/15 | €1,654,047 | €1,783,378 | +€129,332 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,636,175 | €1,636,175 | = | 0.0% |
| Reserves | 13 | €674,398 | €674,398 | = | 0.0% |
| Distributable reserves | 133 | €674,398 | €674,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€675,126 | -€545,795 | +€129,332 | +19.2% |
| Amounts payable | 17/49 | €1,585,329 | €1,315,757 | -€269,572 | -17.0% |
| Amounts payable after more than one year | 17 | €1,393,942 | €1,096,896 | -€297,046 | -21.3% |
| Financial debts | 170/4 | €1,393,942 | €1,093,296 | -€300,646 | -21.6% |
| Other amounts payable | 178/9 | - | €3,600 | +€3,600 | |
| Amounts payable within one year | 42/48 | €191,387 | €216,407 | +€25,019 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €117,040 | €146,852 | +€29,812 | +25.5% |
| Trade debts | 44 | €24,370 | €35,570 | +€11,200 | +46.0% |
| Suppliers | 440/4 | €24,370 | €35,570 | +€11,200 | +46.0% |
| Taxes, remuneration and social security | 45 | €49,977 | €33,984 | -€15,992 | -32.0% |
| Taxes | 450/3 | €37,169 | €20,200 | -€16,969 | -45.7% |
| Remuneration and social security | 454/9 | €12,807 | €13,784 | +€977 | +7.6% |
| Accrued charges and deferred income | 492/3 | - | €2,454 | +€2,454 | |
| Remuneration, social security and pensions | 62 | €319,826 | €292,602 | -€27,225 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,423 | €185,763 | +€7,340 | +4.1% |
| Other operating charges | 640/8 | €159,604 | €134,728 | -€24,876 | -15.6% |
| Gross operating margin | 9900 | €1,239,722 | €832,902 | -€406,820 | -32.8% |
| Operating profit (loss) | 9901 | €581,869 | €219,809 | -€362,060 | -62.2% |
| Financial income | 75/76B | €123 | €14 | -€109 | -88.8% |
| Recurring financial income | 75 | €123 | €14 | -€109 | -88.8% |
| Financial charges | 65/66B | €87,232 | €42,311 | -€44,921 | -51.5% |
| Recurring financial charges | 65 | €74,469 | €42,311 | -€32,158 | -43.2% |
| Non-recurring financial charges | 66B | €12,763 | - | -€12,763 | |
| Profit (loss) for the period before taxes | 9903 | €494,760 | €177,512 | -€317,248 | -64.1% |
| Income taxes | 67/77 | €54,700 | €48,180 | -€6,520 | -11.9% |
| Profit (loss) for the period | 9904 | €440,060 | €129,332 | -€310,728 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €440,060 | €129,332 | -€310,728 | -70.6% |
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 19 October 2026 via checked.be.