GP Immo: 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.
GP Immo
Largest movements
- Receivables within one year -€339,660
down €339,660 (-62.6%), from €542,538 to €202,879
of which Other amounts receivable: -€270,381
- Tangible fixed assets -€68,638
down €68,638 (-9.0%), from €763,481 to €694,844
of which Land and buildings: -€61,081
- Other debts -€396,919
down €396,919 (-89.0%), from €445,735 to €48,816
- Debts after one year -€87,568
no longer reported in 2025 (was €87,568)
- Profit (loss) carried forward +€86,957
up €86,957 (+41.7%), from -€208,488 to -€121,531
- Trade debts -€37,305
down €37,305 (-58.9%), from €63,384 to €26,079
- Accrued charges and deferred income +€30,348
up €30,348 (+1446.9%), from €2,098 to €32,446
- Depreciation -€131,788
down €131,788 (-65.8%), from €200,426 to €68,638
- Gross operating margin -€80,413
down €80,413 (-30.0%), from €268,348 to €187,936
- Financial charges -€12,966
down €12,966 (-36.2%), from €35,845 to €22,880
- Financial income +€5,513
up €5,513 (+43.7%), from €12,618 to €18,130
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 | €1,306,251 | €897,763 | -€408,488 | -31.3% |
| Fixed assets | 21/28 | €763,481 | €694,844 | -€68,638 | -9.0% |
| Tangible fixed assets | 22/27 | €763,481 | €694,844 | -€68,638 | -9.0% |
| Land and buildings | 22 | €708,303 | €647,221 | -€61,081 | -8.6% |
| Plant, machinery and equipment | 23 | €55,179 | €47,622 | -€7,557 | -13.7% |
| Current assets | 29/58 | €542,770 | €202,919 | -€339,850 | -62.6% |
| Amounts receivable within one year | 40/41 | €542,538 | €202,879 | -€339,660 | -62.6% |
| Trade receivables | 40 | €81,962 | €12,684 | -€69,278 | -84.5% |
| Other amounts receivable | 41 | €460,576 | €190,195 | -€270,381 | -58.7% |
| Cash at bank and in hand | 54/58 | €231 | €40 | -€191 | -82.5% |
| Total equity and liabilities | 10/49 | €1,306,251 | €897,763 | -€408,488 | -31.3% |
| Equity | 10/15 | €649,035 | €735,992 | +€86,957 | +13.4% |
| Contributions | 10/11 | €818,618 | €818,618 | = | 0.0% |
| Capital | 10 | €818,618 | €818,618 | = | 0.0% |
| Issued capital | 100 | €818,618 | €818,618 | = | 0.0% |
| Reserves | 13 | €38,905 | €38,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,045 | €37,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,488 | -€121,531 | +€86,957 | +41.7% |
| Amounts payable | 17/49 | €657,216 | €161,771 | -€495,445 | -75.4% |
| Amounts payable after more than one year | 17 | €87,568 | - | -€87,568 | |
| Financial debts | 170/4 | €87,568 | - | -€87,568 | |
| Amounts payable within one year | 42/48 | €567,551 | €129,325 | -€438,226 | -77.2% |
| Current portion of amounts payable after more than one year | 42 | €38,143 | €36,633 | -€1,510 | -4.0% |
| Trade debts | 44 | €63,384 | €26,079 | -€37,305 | -58.9% |
| Suppliers | 440/4 | €63,384 | €26,079 | -€37,305 | -58.9% |
| Taxes, remuneration and social security | 45 | €20,290 | €17,798 | -€2,492 | -12.3% |
| Taxes | 450/3 | €20,290 | €17,798 | -€2,492 | -12.3% |
| Other amounts payable | 47/48 | €445,735 | €48,816 | -€396,919 | -89.0% |
| Accrued charges and deferred income | 492/3 | €2,098 | €32,446 | +€30,348 | +1446.9% |
| Non-recurring operating income | 76A | €110,000 | - | -€110,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,426 | €68,638 | -€131,788 | -65.8% |
| Other operating charges | 640/8 | €25,388 | €27,592 | +€2,204 | +8.7% |
| Gross operating margin | 9900 | €268,348 | €187,936 | -€80,413 | -30.0% |
| Operating profit (loss) | 9901 | €42,534 | €91,706 | +€49,172 | +115.6% |
| Financial income | 75/76B | €12,618 | €18,130 | +€5,513 | +43.7% |
| Recurring financial income | 75 | €12,618 | €18,130 | +€5,513 | +43.7% |
| Financial charges | 65/66B | €35,845 | €22,880 | -€12,966 | -36.2% |
| Recurring financial charges | 65 | €35,845 | €22,880 | -€12,966 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €19,307 | €86,957 | +€67,650 | +350.4% |
| Profit (loss) for the period | 9904 | €19,307 | €86,957 | +€67,650 | +350.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,307 | €86,957 | +€67,650 | +350.4% |
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 7 October 2026 via checked.be.