GRB 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.
GRB IMMO
Largest movements
- Tangible fixed assets -€10,860
down €10,860 (-4.6%), from €236,462 to €225,602
- Cash +€3,475
up €3,475 (+40.0%), from €8,690 to €12,165
mainly Depreciation (+€10,860) and Net result for the year (+€7,684)
- Debts after one year -€9,465
down €9,465 (-6.1%), from €156,096 to €146,631
- Other debts -€7,800
down €7,800 (-12.9%), from €60,629 to €52,829
- Profit (loss) carried forward +€7,684
up €7,684 (+326.3%), from €2,355 to €10,039
- Gross operating margin +€2,818
up €2,818 (+9.5%), from €29,514 to €32,332
- Taxes +€1,332
up €1,332 (+226.3%), from €589 to €1,921
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 | €248,970 | €241,705 | -€7,265 | -2.9% |
| Fixed assets | 21/28 | €236,462 | €225,602 | -€10,860 | -4.6% |
| Tangible fixed assets | 22/27 | €236,462 | €225,602 | -€10,860 | -4.6% |
| Land and buildings | 22 | €236,462 | €225,602 | -€10,860 | -4.6% |
| Current assets | 29/58 | €12,508 | €16,103 | +€3,595 | +28.7% |
| Amounts receivable within one year | 40/41 | €3,819 | €3,938 | +€119 | +3.1% |
| Trade receivables | 40 | €3,819 | €3,938 | +€119 | +3.1% |
| Cash at bank and in hand | 54/58 | €8,690 | €12,165 | +€3,475 | +40.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €248,970 | €241,705 | -€7,265 | -2.9% |
| Equity | 10/15 | €22,355 | €30,039 | +€7,684 | +34.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,355 | €10,039 | +€7,684 | +326.3% |
| Amounts payable | 17/49 | €226,615 | €211,666 | -€14,949 | -6.6% |
| Amounts payable after more than one year | 17 | €156,096 | €146,631 | -€9,465 | -6.1% |
| Financial debts | 170/4 | €156,096 | €146,631 | -€9,465 | -6.1% |
| Amounts payable within one year | 42/48 | €70,520 | €65,035 | -€5,484 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €9,078 | €9,465 | +€388 | +4.3% |
| Trade debts | 44 | €224 | €231 | +€7 | +3.2% |
| Suppliers | 440/4 | €224 | €231 | +€7 | +3.2% |
| Taxes, remuneration and social security | 45 | €589 | €2,510 | +€1,921 | +326.3% |
| Taxes | 450/3 | €589 | €2,510 | +€1,921 | +326.3% |
| Other amounts payable | 47/48 | €60,629 | €52,829 | -€7,800 | -12.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,860 | €10,860 | = | 0.0% |
| Other operating charges | 640/8 | €4,206 | €4,338 | +€132 | +3.1% |
| Gross operating margin | 9900 | €29,514 | €32,332 | +€2,818 | +9.5% |
| Operating profit (loss) | 9901 | €14,449 | €17,135 | +€2,686 | +18.6% |
| Financial charges | 65/66B | €7,416 | €7,530 | +€114 | +1.5% |
| Recurring financial charges | 65 | €7,416 | €7,530 | +€114 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €7,033 | €9,605 | +€2,573 | +36.6% |
| Income taxes | 67/77 | €589 | €1,921 | +€1,332 | +226.3% |
| Profit (loss) for the period | 9904 | €6,444 | €7,684 | +€1,240 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,444 | €7,684 | +€1,240 | +19.2% |
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 1 October 2026 via checked.be.