GVP 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.
GVP IMMO
Largest movements
- Receivables within one year +€17,653
new in 2025: €17,653
- Cash +€6,318
up €6,318 (+95.8%), from €6,591 to €12,909
mainly Net result for the year (+€28,742) and Tax, wage and social debts (+€4,102)
- Intangible fixed assets -€1,250
down €1,250 (-28.6%), from €4,375 to €3,125
- Profit (loss) carried forward +€28,742
up €28,742, from -€24,539 to €4,203
- Other debts -€9,970
down €9,970 (-44.4%), from €22,461 to €12,491
- Tax, wage and social debts +€4,102
up €4,102 (+34.8%), from €11,793 to €15,895
of which Taxes: +€7,986
- Gross operating margin +€35,145
up €35,145 (+60.6%), from €57,991 to €93,136
- Taxes +€7,635
new in 2025: €7,635
- Staff costs +€3,175
up €3,175 (+7.5%), from €42,386 to €45,561
- Financial charges +€2,428
up €2,428 (+323%), from €752 to €3,180
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,306 | €43,507 | +€23,201 | +114% |
| Fixed assets | 21/28 | €11,555 | €10,629 | -€926 | -8.0% |
| Intangible fixed assets | 21 | €4,375 | €3,125 | -€1,250 | -28.6% |
| Tangible fixed assets | 22/27 | €3,636 | €3,960 | +€324 | +8.9% |
| Plant, machinery and equipment | 23 | €2,770 | €1,979 | -€791 | -28.6% |
| Furniture and vehicles | 24 | €229 | €1,527 | +€1,298 | +567% |
| Other tangible fixed assets | 26 | €637 | €455 | -€182 | -28.6% |
| Financial fixed assets | 28 | €3,544 | €3,544 | = | 0.0% |
| Current assets | 29/58 | €8,751 | €32,878 | +€24,127 | +276% |
| Amounts receivable within one year | 40/41 | - | €17,653 | +€17,653 | |
| Trade receivables | 40 | - | €17,653 | +€17,653 | |
| Cash at bank and in hand | 54/58 | €6,591 | €12,909 | +€6,318 | +95.8% |
| Deferred charges and accrued income | 490/1 | €2,160 | €2,316 | +€156 | +7.2% |
| Total equity and liabilities | 10/49 | €20,306 | €43,507 | +€23,201 | +114% |
| Equity | 10/15 | -€18,339 | €10,403 | +€28,742 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,539 | €4,203 | +€28,742 | |
| Amounts payable | 17/49 | €38,646 | €33,105 | -€5,541 | -14.3% |
| Amounts payable within one year | 42/48 | €38,646 | €33,105 | -€5,541 | -14.3% |
| Trade debts | 44 | €4,392 | €4,719 | +€327 | +7.4% |
| Suppliers | 440/4 | €4,392 | €4,719 | +€327 | +7.4% |
| Taxes, remuneration and social security | 45 | €11,793 | €15,895 | +€4,102 | +34.8% |
| Taxes | 450/3 | €6,500 | €14,486 | +€7,986 | +123% |
| Remuneration and social security | 454/9 | €5,293 | €1,409 | -€3,884 | -73.4% |
| Other amounts payable | 47/48 | €22,461 | €12,491 | -€9,970 | -44.4% |
| Non-recurring operating income | 76A | €8,869 | €9,229 | +€360 | +4.1% |
| Remuneration, social security and pensions | 62 | €42,386 | €45,561 | +€3,175 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,052 | €2,595 | -€456 | -15.0% |
| Other operating charges | 640/8 | €5,732 | €5,085 | -€647 | -11.3% |
| Non-recurring operating charges | 66A | €2,167 | €339 | -€1,828 | -84.4% |
| Gross operating margin | 9900 | €57,991 | €93,136 | +€35,145 | +60.6% |
| Operating profit (loss) | 9901 | €4,655 | €39,556 | +€34,901 | +750% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €752 | €3,180 | +€2,428 | +323% |
| Recurring financial charges | 65 | €752 | €3,180 | +€2,428 | +323% |
| Profit (loss) for the period before taxes | 9903 | €3,904 | €36,377 | +€32,473 | +832% |
| Income taxes | 67/77 | - | €7,635 | +€7,635 | |
| Profit (loss) for the period | 9904 | €3,904 | €28,742 | +€24,839 | +636% |
| Profit (loss) for the period to be appropriated | 9905 | €3,904 | €28,742 | +€24,839 | +636% |
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 19 October 2026 via checked.be.