GOPA 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.
GOPA IMMO
Largest movements
- Receivables within one year +€45,180
up €45,180 (+25.7%), from €175,952 to €221,132
of which Other amounts receivable: +€30,694
- Cash +€9,544
up €9,544 (+12.1%), from €78,715 to €88,259
mainly Net result for the year (+€82,072) and Depreciation (+€7,495)
- Tangible fixed assets -€7,495
down €7,495 (-9.5%), from €78,808 to €71,313
of which Land and buildings: -€6,618
- Reserves +€82,072
up €82,072 (+34.7%), from €236,374 to €318,447
of which Distributable reserves: +€82,072
- Tax, wage and social debts -€28,568
down €28,568 (-100%), from €28,568 to €0
- Trade debts -€6,277
down €6,277 (-89.2%), from €7,033 to €757
- Gross operating margin +€4,377
up €4,377 (+3.0%), from €143,661 to €148,038
- Depreciation +€1,618
up €1,618 (+27.5%), from €5,877 to €7,495
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 | €333,475 | €380,703 | +€47,228 | +14.2% |
| Fixed assets | 21/28 | €78,808 | €71,313 | -€7,495 | -9.5% |
| Tangible fixed assets | 22/27 | €78,808 | €71,313 | -€7,495 | -9.5% |
| Land and buildings | 22 | €77,197 | €70,579 | -€6,618 | -8.6% |
| Plant, machinery and equipment | 23 | €1,611 | €734 | -€878 | -54.5% |
| Current assets | 29/58 | €254,667 | €309,391 | +€54,723 | +21.5% |
| Amounts receivable within one year | 40/41 | €175,952 | €221,132 | +€45,180 | +25.7% |
| Trade receivables | 40 | €16,880 | €31,366 | +€14,486 | +85.8% |
| Other amounts receivable | 41 | €159,072 | €189,766 | +€30,694 | +19.3% |
| Cash at bank and in hand | 54/58 | €78,715 | €88,259 | +€9,544 | +12.1% |
| Total equity and liabilities | 10/49 | €333,475 | €380,703 | +€47,228 | +14.2% |
| Equity | 10/15 | €297,874 | €379,947 | +€82,072 | +27.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €236,374 | €318,447 | +€82,072 | +34.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €617 | €617 | = | 0.0% |
| Distributable reserves | 133 | €229,608 | €311,680 | +€82,072 | +35.7% |
| Amounts payable | 17/49 | €35,601 | €757 | -€34,845 | -97.9% |
| Amounts payable within one year | 42/48 | €35,601 | €757 | -€34,845 | -97.9% |
| Trade debts | 44 | €7,033 | €757 | -€6,277 | -89.2% |
| Suppliers | 440/4 | €7,033 | €757 | -€6,277 | -89.2% |
| Taxes, remuneration and social security | 45 | €28,568 | €0 | -€28,568 | -100% |
| Taxes | 450/3 | €28,568 | €0 | -€28,568 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,877 | €7,495 | +€1,618 | +27.5% |
| Other operating charges | 640/8 | €30,265 | €31,072 | +€807 | +2.7% |
| Gross operating margin | 9900 | €143,661 | €148,038 | +€4,377 | +3.0% |
| Operating profit (loss) | 9901 | €107,519 | €109,470 | +€1,951 | +1.8% |
| Financial charges | 65/66B | €312 | €40 | -€271 | -87.0% |
| Recurring financial charges | 65 | €312 | €40 | -€271 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €107,207 | €109,430 | +€2,223 | +2.1% |
| Income taxes | 67/77 | €28,568 | €27,357 | -€1,210 | -4.2% |
| Profit (loss) for the period | 9904 | €78,639 | €82,072 | +€3,433 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,639 | €82,072 | +€3,433 | +4.4% |
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 16 October 2026 via checked.be.