GT-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.
GT-IMMO
Largest movements
- Tangible fixed assets -€4,453
down €4,453 (-2.7%), from €163,112 to €158,659
- Cash +€1,773
up €1,773 (+40.3%), from €4,395 to €6,168
mainly Depreciation (+€4,453) and Net result for the year (+€2,771)
- Debts after one year -€8,070
down €8,070 (-6.6%), from €121,762 to €113,692
- Profit (loss) carried forward +€2,771
up €2,771 (+38.9%), from €7,118 to €9,888
- Gross operating margin -€1,937
down €1,937 (-12.5%), from €15,437 to €13,500
- Taxes +€252
up €252 (+31.0%), from €812 to €1,064
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 | €168,728 | €164,827 | -€3,901 | -2.3% |
| Fixed assets | 21/28 | €163,112 | €158,659 | -€4,453 | -2.7% |
| Tangible fixed assets | 22/27 | €163,112 | €158,659 | -€4,453 | -2.7% |
| Land and buildings | 22 | €163,112 | €158,659 | -€4,453 | -2.7% |
| Current assets | 29/58 | €5,616 | €6,168 | +€552 | +9.8% |
| Amounts receivable within one year | 40/41 | €1,221 | - | -€1,221 | |
| Other amounts receivable | 41 | €1,221 | - | -€1,221 | |
| Cash at bank and in hand | 54/58 | €4,395 | €6,168 | +€1,773 | +40.3% |
| Total equity and liabilities | 10/49 | €168,728 | €164,827 | -€3,901 | -2.3% |
| Equity | 10/15 | €37,118 | €39,888 | +€2,771 | +7.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,118 | €9,888 | +€2,771 | +38.9% |
| Amounts payable | 17/49 | €131,610 | €124,938 | -€6,672 | -5.1% |
| Amounts payable after more than one year | 17 | €121,762 | €113,692 | -€8,070 | -6.6% |
| Financial debts | 170/4 | €121,762 | €113,692 | -€8,070 | -6.6% |
| Amounts payable within one year | 42/48 | €9,848 | €11,247 | +€1,398 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €7,887 | €8,070 | +€183 | +2.3% |
| Trade debts | 44 | €1,150 | €1,301 | +€152 | +13.2% |
| Suppliers | 440/4 | €1,150 | €1,301 | +€152 | +13.2% |
| Taxes, remuneration and social security | 45 | €812 | €1,875 | +€1,064 | +131% |
| Taxes | 450/3 | €812 | €1,875 | +€1,064 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,453 | €4,453 | = | 0.0% |
| Other operating charges | 640/8 | €1,896 | €1,955 | +€59 | +3.1% |
| Gross operating margin | 9900 | €15,437 | €13,500 | -€1,937 | -12.5% |
| Operating profit (loss) | 9901 | €9,088 | €7,092 | -€1,996 | -22.0% |
| Financial charges | 65/66B | €3,292 | €3,258 | -€34 | -1.0% |
| Recurring financial charges | 65 | €3,292 | €3,258 | -€34 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €5,796 | €3,834 | -€1,962 | -33.8% |
| Income taxes | 67/77 | €812 | €1,064 | +€252 | +31.0% |
| Profit (loss) for the period | 9904 | €4,984 | €2,771 | -€2,214 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,984 | €2,771 | -€2,214 | -44.4% |
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 14 October 2026 via checked.be.