GOUPIL - 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.
GOUPIL - IMMO
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+154%), from €768,075 to €1.9m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets +€246,646
up €246,646 (+11.2%), from €2.2m to €2.4m
of which Land and buildings: +€228,057
- Cash -€94,437
down €94,437 (-55.1%), from €171,451 to €77,014
mainly Receivables within one year (-€1.2m) and Investment in fixed assets (net) (-€413,511)
- Other debts +€1.6m
up €1.6m (+110%), from €1.5m to €3.1m
- Debts after one year -€182,218
down €182,218 (-14.3%), from €1.3m to €1.1m
of which Other amounts payable: -€150,000
- Short-term financial debts -€124,600
no longer reported in 2025 (was €124,600)
- Current portion of long-term debt +€88,499
up €88,499 (+257%), from €34,427 to €122,925
- Financial income -€236,443
down €236,443 (-77.1%), from €306,539 to €70,096
of which Non-recurring financial income: -€175,000
- Financial charges +€32,949
up €32,949 (+24.8%), from €132,767 to €165,716
- Other operating income +€19,845
up €19,845 (+296%), from €6,700 to €26,545
- Depreciation +€17,287
up €17,287 (+11.6%), from €149,578 to €166,865
- Turnover +€6,031
up €6,031 (+2.1%), from €290,757 to €296,788
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 | €5,174,002 | €6,506,608 | +€1.3m | +25.8% |
| Fixed assets | 21/28 | €4,234,476 | €4,481,122 | +€246,646 | +5.8% |
| Tangible fixed assets | 22/27 | €2,196,846 | €2,443,492 | +€246,646 | +11.2% |
| Land and buildings | 22 | €1,663,371 | €1,891,427 | +€228,057 | +13.7% |
| Plant, machinery and equipment | 23 | €533,476 | €541,819 | +€8,343 | +1.6% |
| Furniture and vehicles | 24 | - | €10,246 | +€10,246 | |
| Financial fixed assets | 28 | €2,037,630 | €2,037,630 | = | 0.0% |
| Affiliated companies | 280/1 | €2,037,481 | €2,037,481 | = | 0.0% |
| Participating interests | 280 | €2,037,481 | €2,037,481 | = | 0.0% |
| Other financial fixed assets | 284/8 | €149 | €149 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €939,526 | €2,025,486 | +€1.1m | +116% |
| Amounts receivable within one year | 40/41 | €768,075 | €1,948,472 | +€1.2m | +154% |
| Trade receivables | 40 | €12,603 | €14,751 | +€2,148 | +17.0% |
| Other amounts receivable | 41 | €755,472 | €1,933,721 | +€1.2m | +156% |
| Cash at bank and in hand | 54/58 | €171,451 | €77,014 | -€94,437 | -55.1% |
| Total equity and liabilities | 10/49 | €5,174,002 | €6,506,608 | +€1.3m | +25.8% |
| Equity | 10/15 | €2,139,876 | €2,091,974 | -€47,902 | -2.2% |
| Contributions | 10/11 | €884,525 | €884,525 | = | 0.0% |
| Capital | 10 | €884,525 | €884,525 | = | 0.0% |
| Issued capital | 100 | €884,525 | €884,525 | = | 0.0% |
| Reserves | 13 | €69,075 | €68,551 | -€524 | -0.8% |
| Non-distributable reserves | 130/1 | €62,251 | €62,251 | = | 0.0% |
| Legal reserve | 130 | €62,251 | €62,251 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,823 | €6,300 | -€524 | -7.7% |
| Profit (loss) carried forward | 14 | €1,186,277 | €1,138,898 | -€47,379 | -4.0% |
| Provisions and deferred taxes | 16 | €3,513 | €3,244 | -€270 | -7.7% |
| Deferred taxes | 168 | €3,513 | €3,244 | -€270 | -7.7% |
| Amounts payable | 17/49 | €3,030,612 | €4,411,391 | +€1.4m | +45.6% |
| Amounts payable after more than one year | 17 | €1,276,639 | €1,094,421 | -€182,218 | -14.3% |
| Financial debts | 170/4 | €527,639 | €495,421 | -€32,218 | -6.1% |
| Other loans | 174 | €527,639 | €495,421 | -€32,218 | -6.1% |
| Other amounts payable | 178/9 | €749,000 | €599,000 | -€150,000 | -20.0% |
| Amounts payable within one year | 42/48 | €1,748,313 | €3,311,188 | +€1.6m | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €34,427 | €122,925 | +€88,499 | +257% |
| Financial debts | 43 | €124,600 | - | -€124,600 | |
| Credit institutions | 430/8 | €124,600 | - | -€124,600 | |
| Trade debts | 44 | €107,542 | €106,423 | -€1,119 | -1.0% |
| Suppliers | 440/4 | €107,542 | €106,423 | -€1,119 | -1.0% |
| Taxes, remuneration and social security | 45 | €25,879 | €26,017 | +€137 | +0.5% |
| Taxes | 450/3 | €25,879 | €26,017 | +€137 | +0.5% |
| Other amounts payable | 47/48 | €1,455,865 | €3,055,823 | +€1.6m | +110% |
| Accrued charges and deferred income | 492/3 | €5,661 | €5,782 | +€121 | +2.1% |
| Operating income | 70/76A | €297,457 | €323,333 | +€25,876 | +8.7% |
| Turnover | 70 | €290,757 | €296,788 | +€6,031 | +2.1% |
| Other operating income | 74 | €6,700 | €26,545 | +€19,845 | +296% |
| Operating charges | 60/66A | €255,245 | €275,884 | +€20,639 | +8.1% |
| Services and other goods | 61 | €94,566 | €89,182 | -€5,383 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,578 | €166,865 | +€17,287 | +11.6% |
| Other operating charges | 640/8 | €11,102 | €15,527 | +€4,425 | +39.9% |
| Non-recurring operating charges | 66A | - | €4,310 | +€4,310 | |
| Operating profit (loss) | 9901 | €42,211 | €47,448 | +€5,237 | +12.4% |
| Financial income | 75/76B | €306,539 | €70,096 | -€236,443 | -77.1% |
| Recurring financial income | 75 | €131,539 | €70,096 | -€61,443 | -46.7% |
| Income from financial fixed assets | 750 | €99,200 | - | -€99,200 | |
| Income from current assets | 751 | €32,339 | €70,096 | +€37,757 | +117% |
| Non-recurring financial income | 76B | €175,000 | - | -€175,000 | |
| Financial charges | 65/66B | €132,767 | €165,716 | +€32,949 | +24.8% |
| Recurring financial charges | 65 | €132,767 | €165,716 | +€32,949 | +24.8% |
| Debt charges | 650 | €122,989 | €154,674 | +€31,685 | +25.8% |
| Other financial charges | 652/9 | €9,778 | €11,042 | +€1,264 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €215,983 | -€48,172 | -€264,155 | |
| Transfer from deferred taxes | 780 | €270 | €270 | = | 0.0% |
| Profit (loss) for the period | 9904 | €216,253 | -€47,902 | -€264,155 | |
| Transfer from tax-exempt reserves | 789 | €524 | €524 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €216,776 | -€47,379 | -€264,155 |
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 15 October 2026 via checked.be.