GTImmo: 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.
GTImmo
Largest movements
- Tangible fixed assets -€265,720
down €265,720 (-87.0%), from €305,279 to €39,558
- Current investments +€160,400
new in 2025: €160,400
- Cash -€31,592
down €31,592 (-54.5%), from €57,959 to €26,367
mainly Other debts (-€323,599) and Current investments (-€160,400)
- Other debts -€323,599
down €323,599 (-99.9%), from €323,781 to €182
- Profit (loss) carried forward +€156,863
up €156,863 (+709.9%), from €22,096 to €178,959
- Tax, wage and social debts +€34,580
up €34,580 (+744.4%), from €4,645 to €39,225
- Trade debts -€4,663
no longer reported in 2025 (was €4,663)
- Gross operating margin +€160,961
up €160,961 (+417.1%), from €38,594 to €199,555
- Taxes +€34,908
up €34,908 (+809.5%), from €4,312 to €39,220
- Depreciation -€7,692
down €7,692 (-86.5%), from €8,888 to €1,196
- Other operating charges -€4,877
down €4,877 (-67.6%), from €7,216 to €2,339
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 | €363,685 | €226,325 | -€137,360 | -37.8% |
| Fixed assets | 21/28 | €305,529 | €39,558 | -€265,970 | -87.1% |
| Tangible fixed assets | 22/27 | €305,279 | €39,558 | -€265,720 | -87.0% |
| Land and buildings | 22 | €305,279 | €39,558 | -€265,720 | -87.0% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €58,157 | €186,767 | +€128,610 | +221.1% |
| Amounts receivable within one year | 40/41 | €197 | - | -€197 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Current investments | 50/53 | - | €160,400 | +€160,400 | |
| Cash at bank and in hand | 54/58 | €57,959 | €26,367 | -€31,592 | -54.5% |
| Total equity and liabilities | 10/49 | €363,685 | €226,325 | -€137,360 | -37.8% |
| Equity | 10/15 | €27,096 | €183,959 | +€156,863 | +578.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,096 | €178,959 | +€156,863 | +709.9% |
| Amounts payable | 17/49 | €336,589 | €42,367 | -€294,223 | -87.4% |
| Amounts payable after more than one year | 17 | €3,500 | €2,960 | -€540 | -15.4% |
| Other amounts payable | 178/9 | €3,500 | €2,960 | -€540 | -15.4% |
| Amounts payable within one year | 42/48 | €333,089 | €39,407 | -€293,683 | -88.2% |
| Trade debts | 44 | €4,663 | - | -€4,663 | |
| Suppliers | 440/4 | €4,663 | - | -€4,663 | |
| Taxes, remuneration and social security | 45 | €4,645 | €39,225 | +€34,580 | +744.4% |
| Taxes | 450/3 | €4,645 | €39,225 | +€34,580 | +744.4% |
| Other amounts payable | 47/48 | €323,781 | €182 | -€323,599 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,888 | €1,196 | -€7,692 | -86.5% |
| Other operating charges | 640/8 | €7,216 | €2,339 | -€4,877 | -67.6% |
| Gross operating margin | 9900 | €38,594 | €199,555 | +€160,961 | +417.1% |
| Operating profit (loss) | 9901 | €22,490 | €196,020 | +€173,530 | +771.6% |
| Financial income | 75/76B | - | €457 | +€457 | |
| Recurring financial income | 75 | - | €457 | +€457 | |
| Financial charges | 65/66B | €46 | €394 | +€347 | +749.7% |
| Recurring financial charges | 65 | €46 | €394 | +€347 | +749.7% |
| Profit (loss) for the period before taxes | 9903 | €22,444 | €196,083 | +€173,639 | +773.7% |
| Income taxes | 67/77 | €4,312 | €39,220 | +€34,908 | +809.5% |
| Profit (loss) for the period | 9904 | €18,132 | €156,863 | +€138,731 | +765.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,132 | €156,863 | +€138,731 | +765.1% |
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 29 September 2026 via checked.be.