GSImmo Belgique: what changed
GSImmo Belgique
Largest movements
- Cash -€9,495
down €9,495 (-23.0%), from €41,220 to €31,725
mainly Trade debts (-€10,355) and Tax, wage and social debts (-€6,515)
- Stocks and contracts -€4,980
no longer reported in 2025 (was €4,980)
- Receivables within one year +€4,852
up €4,852 (+16.8%), from €28,809 to €33,661
of which Trade receivables: +€4,357
- Trade debts -€10,355
no longer reported in 2025 (was €10,355)
- Tax, wage and social debts -€6,515
down €6,515 (-75.9%), from €8,589 to €2,073
- Profit (loss) carried forward +€5,777
up €5,777 (+13.7%), from €42,167 to €47,943
- Accrued charges and deferred income +€1,470
new in 2025: €1,470
- Gross operating margin -€10,274
down €10,274 (-41.3%), from €24,860 to €14,587
- Other operating charges +€4,642
up €4,642 (+220%), from €2,110 to €6,752
- Taxes -€4,179
down €4,179 (-68.1%), from €6,136 to €1,957
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,009 | €65,386 | -€9,624 | -12.8% |
| Current assets | 29/58 | €75,009 | €65,386 | -€9,624 | -12.8% |
| Stocks and contracts in progress | 3 | €4,980 | - | -€4,980 | |
| Stocks | 30/36 | €4,980 | - | -€4,980 | |
| Amounts receivable within one year | 40/41 | €28,809 | €33,661 | +€4,852 | +16.8% |
| Trade receivables | 40 | €25,789 | €30,147 | +€4,357 | +16.9% |
| Other amounts receivable | 41 | €3,020 | €3,514 | +€494 | +16.4% |
| Cash at bank and in hand | 54/58 | €41,220 | €31,725 | -€9,495 | -23.0% |
| Total equity and liabilities | 10/49 | €75,009 | €65,386 | -€9,624 | -12.8% |
| Equity | 10/15 | €56,066 | €61,843 | +€5,777 | +10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,499 | €1,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,499 | €1,499 | = | 0.0% |
| Other | 1319 | €1,499 | €1,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,167 | €47,943 | +€5,777 | +13.7% |
| Amounts payable | 17/49 | €18,944 | €3,543 | -€15,400 | -81.3% |
| Amounts payable within one year | 42/48 | €18,944 | €2,073 | -€16,870 | -89.1% |
| Trade debts | 44 | €10,355 | - | -€10,355 | |
| Suppliers | 440/4 | €10,355 | - | -€10,355 | |
| Taxes, remuneration and social security | 45 | €8,589 | €2,073 | -€6,515 | -75.9% |
| Taxes | 450/3 | €8,589 | €2,073 | -€6,515 | -75.9% |
| Accrued charges and deferred income | 492/3 | - | €1,470 | +€1,470 | |
| Other operating charges | 640/8 | €2,110 | €6,752 | +€4,642 | +220% |
| Gross operating margin | 9900 | €24,860 | €14,587 | -€10,274 | -41.3% |
| Operating profit (loss) | 9901 | €22,750 | €7,835 | -€14,915 | -65.6% |
| Financial charges | 65/66B | €255 | €101 | -€155 | -60.6% |
| Recurring financial charges | 65 | €255 | €101 | -€155 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €22,495 | €7,734 | -€14,761 | -65.6% |
| Income taxes | 67/77 | €6,136 | €1,957 | -€4,179 | -68.1% |
| Profit (loss) for the period | 9904 | €16,359 | €5,777 | -€10,582 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,359 | €5,777 | -€10,582 | -64.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.