Gouvimmo: 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.
Gouvimmo
Largest movements
- Tangible fixed assets -€94,173
down €94,173 (-13.6%), from €693,966 to €599,793
of which Land and buildings: -€60,066
- Receivables within one year +€36,572
up €36,572 (+20.8%), from €176,080 to €212,652
of which Trade receivables: +€39,629
- Cash +€30,838
up €30,838 (+25.4%), from €121,424 to €152,262
mainly Depreciation (+€99,123) and Net result for the year (+€91,908)
- Reserves +€91,908
up €91,908 (+8.4%), from €1.1m to €1.2m
of which Distributable reserves: +€91,908
- Debts after one year -€78,381
down €78,381 (-92.3%), from €84,947 to €6,566
of which Financial debts: -€78,381
- Trade debts -€27,385
down €27,385 (-45.3%), from €60,507 to €33,123
- Current portion of long-term debt -€26,637
down €26,637 (-25.3%), from €105,380 to €78,743
- Gross operating margin +€21,435
up €21,435 (+8.8%), from €244,482 to €265,917
- Depreciation -€12,404
down €12,404 (-11.1%), from €111,527 to €99,123
- Other operating charges +€10,057
up €10,057 (+29.4%), from €34,162 to €44,219
- Taxes +€7,600
up €7,600 (+33.7%), from €22,583 to €30,183
- Financial charges -€5,838
down €5,838 (-78.1%), from €7,476 to €1,638
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 | €1,571,845 | €1,545,082 | -€26,763 | -1.7% |
| Fixed assets | 21/28 | €1,274,341 | €1,180,168 | -€94,173 | -7.4% |
| Tangible fixed assets | 22/27 | €693,966 | €599,793 | -€94,173 | -13.6% |
| Land and buildings | 22 | €637,331 | €577,264 | -€60,066 | -9.4% |
| Plant, machinery and equipment | 23 | €56,635 | €22,528 | -€34,107 | -60.2% |
| Financial fixed assets | 28 | €580,375 | €580,375 | = | 0.0% |
| Current assets | 29/58 | €297,504 | €364,914 | +€67,410 | +22.7% |
| Amounts receivable within one year | 40/41 | €176,080 | €212,652 | +€36,572 | +20.8% |
| Trade receivables | 40 | €68,013 | €107,642 | +€39,629 | +58.3% |
| Other amounts receivable | 41 | €108,067 | €105,010 | -€3,057 | -2.8% |
| Cash at bank and in hand | 54/58 | €121,424 | €152,262 | +€30,838 | +25.4% |
| Total equity and liabilities | 10/49 | €1,571,845 | €1,545,082 | -€26,763 | -1.7% |
| Equity | 10/15 | €1,294,960 | €1,386,868 | +€91,908 | +7.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,094,960 | €1,186,868 | +€91,908 | +8.4% |
| Tax-exempt reserves | 132 | €7,149 | €7,149 | = | 0.0% |
| Distributable reserves | 133 | €1,087,810 | €1,179,718 | +€91,908 | +8.4% |
| Amounts payable | 17/49 | €276,885 | €158,214 | -€118,671 | -42.9% |
| Amounts payable after more than one year | 17 | €84,947 | €6,566 | -€78,381 | -92.3% |
| Financial debts | 170/4 | €84,482 | €6,101 | -€78,381 | -92.8% |
| Other amounts payable | 178/9 | €464 | €464 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,939 | €151,648 | -€40,290 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €105,380 | €78,743 | -€26,637 | -25.3% |
| Trade debts | 44 | €60,507 | €33,123 | -€27,385 | -45.3% |
| Suppliers | 440/4 | €60,507 | €33,123 | -€27,385 | -45.3% |
| Taxes, remuneration and social security | 45 | €26,051 | €39,783 | +€13,731 | +52.7% |
| Taxes | 450/3 | €26,051 | €39,783 | +€13,731 | +52.7% |
| Non-recurring operating income | 76A | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,527 | €99,123 | -€12,404 | -11.1% |
| Other operating charges | 640/8 | €34,162 | €44,219 | +€10,057 | +29.4% |
| Gross operating margin | 9900 | €244,482 | €265,917 | +€21,435 | +8.8% |
| Operating profit (loss) | 9901 | €98,794 | €122,575 | +€23,781 | +24.1% |
| Financial income | 75/76B | €912 | €1,153 | +€241 | +26.5% |
| Recurring financial income | 75 | €912 | €1,153 | +€241 | +26.5% |
| Financial charges | 65/66B | €7,476 | €1,638 | -€5,838 | -78.1% |
| Recurring financial charges | 65 | €7,476 | €1,638 | -€5,838 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €92,230 | €122,091 | +€29,861 | +32.4% |
| Income taxes | 67/77 | €22,583 | €30,183 | +€7,600 | +33.7% |
| Profit (loss) for the period | 9904 | €69,647 | €91,908 | +€22,261 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,647 | €91,908 | +€22,261 | +32.0% |
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 28 September 2026 via checked.be.