GUDRUN 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.
What changed
GUDRUN IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€242,923
31-12-2024 · €236,024+€6,899
Equity
€3.3m
31-12-2024 · €3.0m+€242,923
Cash
€16,450
31-12-2024 · €27,428-€10,978
Balance sheet total
€8.8m
31-12-2024 · €9.8m-€1.1m
Largest movements
Assets
- Receivables within one year -€865,894
down €865,894 (-100.0%), from €866,043 to €149
- Tangible fixed assets -€177,204
down €177,204 (-12.1%), from €1.5m to €1.3m
of which Land and buildings: -€171,181
Equity and liabilities
- Debts after one year -€1.6m
down €1.6m (-23.7%), from €6.6m to €5.0m
- Other debts +€340,990
new in 2025: €340,990
- Profit (loss) carried forward +€242,923
up €242,923 (+8.7%), from €2.8m to €3.0m
Income statement
- Financial income -€300,162
down €300,162 (-96.6%), from €310,618 to €10,456
of which Non-recurring financial income: -€259,000
- Turnover +€282,665
up €282,665 (+53.2%), from €531,713 to €814,378
- Financial charges -€60,410
down €60,410 (-16.7%), from €362,577 to €302,167
of which Non-recurring financial charges: -€53,000
- Depreciation +€51,773
up €51,773 (+41.3%), from €125,431 to €177,204
- Other operating charges +€21,852
up €21,852 (+53.2%), from €41,053 to €62,905
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€236,024
Turnover
+€282,665
Other operating income
+€21,815
Services and other goods
-€5,100
Depreciation
-€51,773
Other operating charges
-€21,852
Other operating items
+€1,022
Financial income
-€300,162
Financial charges
+€60,410
Taxes
+€19,874
Result 31-12-2025
€242,923
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.5m
Investment
€0
Financing
-€1.6m
Cash 31-12-2024
€27,428
From operations (derived)
+€1.5m
Net result for the year
+€242,923
Depreciation
+€177,204
Receivables within one year
+€865,894
Trade debts
-€24,686
Tax, wage and social debts
-€10,669
Other debts
+€340,990
Accrued charges and deferred income
-€48,417
Financing
-€1.6m
Debts after one year
-€1.6m
Cash 31-12-2025
€16,450
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,829,554 | €8,775,478 | -€1.1m | -10.7% |
| Fixed assets | 21/28 | €8,936,083 | €8,758,879 | -€177,204 | -2.0% |
| Tangible fixed assets | 22/27 | €1,464,362 | €1,287,158 | -€177,204 | -12.1% |
| Land and buildings | 22 | €1,420,205 | €1,249,024 | -€171,181 | -12.1% |
| Plant, machinery and equipment | 23 | €24,083 | €21,132 | -€2,951 | -12.3% |
| Furniture and vehicles | 24 | €20,074 | €17,003 | -€3,072 | -15.3% |
| Financial fixed assets | 28 | €7,471,721 | €7,471,721 | = | 0.0% |
| Affiliated companies | 280/1 | €7,471,616 | €7,471,616 | = | 0.0% |
| Participating interests | 280 | €7,471,616 | €7,471,616 | = | 0.0% |
| Other financial fixed assets | 284/8 | €105 | €105 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €893,471 | €16,599 | -€876,872 | -98.1% |
| Amounts receivable within one year | 40/41 | €866,043 | €149 | -€865,894 | -100.0% |
| Other amounts receivable | 41 | €866,043 | €149 | -€865,894 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,428 | €16,450 | -€10,978 | -40.0% |
| Total equity and liabilities | 10/49 | €9,829,554 | €8,775,478 | -€1.1m | -10.7% |
| Equity | 10/15 | €3,031,783 | €3,274,706 | +€242,923 | +8.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €170,090 | €170,090 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,090 | €20,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,781,693 | €3,024,616 | +€242,923 | +8.7% |
| Amounts payable | 17/49 | €6,797,772 | €5,500,772 | -€1.3m | -19.1% |
| Amounts payable after more than one year | 17 | €6,554,218 | €5,000,000 | -€1.6m | -23.7% |
| Financial debts | 170/4 | €6,554,218 | €5,000,000 | -€1.6m | -23.7% |
| Credit institutions | 173 | €5,000,000 | €5,000,000 | = | 0.0% |
| Other loans | 174 | €1,554,218 | - | -€1.6m | |
| Amounts payable within one year | 42/48 | €152,216 | €457,852 | +€305,635 | +200.8% |
| Trade debts | 44 | €62,283 | €37,598 | -€24,686 | -39.6% |
| Suppliers | 440/4 | €62,283 | €37,598 | -€24,686 | -39.6% |
| Taxes, remuneration and social security | 45 | €89,933 | €79,264 | -€10,669 | -11.9% |
| Taxes | 450/3 | €89,933 | €79,264 | -€10,669 | -11.9% |
| Other amounts payable | 47/48 | - | €340,990 | +€340,990 | |
| Accrued charges and deferred income | 492/3 | €91,337 | €42,920 | -€48,417 | -53.0% |
| Operating income | 70/76A | €571,550 | €876,030 | +€304,480 | +53.3% |
| Turnover | 70 | €531,713 | €814,378 | +€282,665 | +53.2% |
| Other operating income | 74 | €39,837 | €61,652 | +€21,815 | +54.8% |
| Operating charges | 60/66A | €189,562 | €267,264 | +€77,703 | +41.0% |
| Services and other goods | 61 | €22,055 | €27,155 | +€5,100 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,431 | €177,204 | +€51,773 | +41.3% |
| Other operating charges | 640/8 | €41,053 | €62,905 | +€21,852 | +53.2% |
| Non-recurring operating charges | 66A | €1,022 | - | -€1,022 | |
| Operating profit (loss) | 9901 | €381,988 | €608,766 | +€226,778 | +59.4% |
| Financial income | 75/76B | €310,618 | €10,456 | -€300,162 | -96.6% |
| Recurring financial income | 75 | €51,618 | €10,456 | -€41,162 | -79.7% |
| Income from current assets | 751 | €51,618 | - | -€51,618 | |
| Other financial income | 752/9 | - | €10,456 | +€10,456 | |
| Non-recurring financial income | 76B | €259,000 | - | -€259,000 | |
| Financial charges | 65/66B | €362,577 | €302,167 | -€60,410 | -16.7% |
| Recurring financial charges | 65 | €309,577 | €302,167 | -€7,410 | -2.4% |
| Debt charges | 650 | €308,936 | €300,527 | -€8,409 | -2.7% |
| Other financial charges | 652/9 | €640 | €1,640 | +€1,000 | +156.1% |
| Non-recurring financial charges | 66B | €53,000 | - | -€53,000 | |
| Profit (loss) for the period before taxes | 9903 | €330,029 | €317,055 | -€12,974 | -3.9% |
| Income taxes | 67/77 | €94,005 | €74,131 | -€19,874 | -21.1% |
| Taxes | 670/3 | €94,005 | €79,264 | -€14,741 | -15.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,132 | +€5,132 | |
| Profit (loss) for the period | 9904 | €236,024 | €242,923 | +€6,899 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €236,024 | €242,923 | +€6,899 | +2.9% |
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 6 October 2026 via checked.be.