IMMO G.D.P.: 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.
IMMO G.D.P.
Largest movements
- Cash +€326,153
up €326,153 (+394%), from €82,698 to €408,851
mainly Net result for the year (+€191,332) and Investment in fixed assets (net) (+€76,559)
- Tangible fixed assets -€84,441
down €84,441 (-10.6%), from €796,441 to €712,000
of which Plant, machinery and equipment: -€66,255
- Receivables within one year -€16,338
down €16,338 (-68.5%), from €23,868 to €7,530
- Reserves +€192,965
up €192,965 (+147%), from €131,208 to €324,173
- Provisions +€64,322
up €64,322 (+147%), from €43,736 to €108,058
- Revaluation surpluses +€18,117
up €18,117 (+3.1%), from €584,802 to €602,919
- Profit (loss) carried forward -€15,919
down €15,919 (-23.3%), from €68,340 to €52,421
- Current portion of long-term debt -€14,943
no longer reported in 2025 (was €14,943)
- Gross operating margin +€59,368
up €59,368 (+28.1%), from €211,254 to €270,622
- Depreciation -€8,664
down €8,664 (-52.4%), from €16,546 to €7,882
- Financial charges -€6,989
down €6,989 (-82.1%), from €8,508 to €1,519
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 | €903,008 | €1,128,381 | +€225,373 | +25.0% |
| Fixed assets | 21/28 | €796,441 | €712,000 | -€84,441 | -10.6% |
| Tangible fixed assets | 22/27 | €796,441 | €712,000 | -€84,441 | -10.6% |
| Land and buildings | 22 | €656,683 | €638,497 | -€18,187 | -2.8% |
| Plant, machinery and equipment | 23 | €139,758 | €73,503 | -€66,255 | -47.4% |
| Current assets | 29/58 | €106,566 | €416,381 | +€309,815 | +291% |
| Amounts receivable within one year | 40/41 | €23,868 | €7,530 | -€16,338 | -68.5% |
| Other amounts receivable | 41 | €23,868 | €7,530 | -€16,338 | -68.5% |
| Cash at bank and in hand | 54/58 | €82,698 | €408,851 | +€326,153 | +394% |
| Total equity and liabilities | 10/49 | €903,008 | €1,128,381 | +€225,373 | +25.0% |
| Equity | 10/15 | €804,801 | €999,964 | +€195,164 | +24.2% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Revaluation surpluses | 12 | €584,802 | €602,919 | +€18,117 | +3.1% |
| Reserves | 13 | €131,208 | €324,173 | +€192,965 | +147% |
| Tax-exempt reserves | 132 | €131,208 | €324,173 | +€192,965 | +147% |
| Profit (loss) carried forward | 14 | €68,340 | €52,421 | -€15,919 | -23.3% |
| Provisions and deferred taxes | 16 | €43,736 | €108,058 | +€64,322 | +147% |
| Deferred taxes | 168 | €43,736 | €108,058 | +€64,322 | +147% |
| Amounts payable | 17/49 | €54,471 | €20,359 | -€34,112 | -62.6% |
| Amounts payable after more than one year | 17 | €13,171 | - | -€13,171 | |
| Financial debts | 170/4 | €13,171 | - | -€13,171 | |
| Amounts payable within one year | 42/48 | €41,300 | €20,359 | -€20,941 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €14,943 | - | -€14,943 | |
| Trade debts | 44 | €1,746 | €1,136 | -€610 | -34.9% |
| Suppliers | 440/4 | €1,746 | €1,136 | -€610 | -34.9% |
| Taxes, remuneration and social security | 45 | €4,286 | €4,286 | = | 0.0% |
| Taxes | 450/3 | €4,286 | €4,286 | = | 0.0% |
| Other amounts payable | 47/48 | €20,325 | €14,937 | -€5,388 | -26.5% |
| Non-recurring operating income | 76A | €174,943 | €257,287 | +€82,344 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,546 | €7,882 | -€8,664 | -52.4% |
| Other operating charges | 640/8 | €6,864 | €4,576 | -€2,288 | -33.3% |
| Non-recurring operating charges | 66A | €130 | - | -€130 | |
| Gross operating margin | 9900 | €211,254 | €270,622 | +€59,368 | +28.1% |
| Operating profit (loss) | 9901 | €187,713 | €258,164 | +€70,452 | +37.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,508 | €1,519 | -€6,989 | -82.1% |
| Recurring financial charges | 65 | €8,508 | €1,519 | -€6,989 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €179,205 | €256,646 | +€77,441 | +43.2% |
| Transfer to deferred taxes | 680 | €43,736 | €64,322 | +€20,586 | +47.1% |
| Income taxes | 67/77 | €1,479 | €992 | -€487 | -32.9% |
| Profit (loss) for the period | 9904 | €133,991 | €191,332 | +€57,341 | +42.8% |
| Transfer to tax-exempt reserves | 689 | €131,208 | €192,965 | +€61,758 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,783 | -€1,633 | -€4,416 |
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 27 October 2026 via checked.be.