IMMO GAUTH: 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.
IMMO GAUTH
Largest movements
- Receivables within one year +€63,860
up €63,860 (+125.4%), from €50,936 to €114,796
- Tangible fixed assets -€36,705
down €36,705 (-15.8%), from €232,215 to €195,511
of which Land and buildings: -€27,767
- Reserves +€30,000
up €30,000 (+95.2%), from €31,500 to €61,500
of which Distributable reserves: +€30,000
- Debts after one year -€5,478
down €5,478 (-47.0%), from €11,657 to €6,179
- Current portion of long-term debt -€4,854
down €4,854 (-40.4%), from €12,020 to €7,166
- Profit (loss) carried forward +€3,581
up €3,581 (+1.9%), from €188,600 to €192,181
- Taxes +€8,420
up €8,420 (+49.7%), from €16,957 to €25,377
- Depreciation -€7,446
down €7,446 (-18.2%), from €40,999 to €33,553
- Gross operating margin +€6,623
up €6,623 (+6.2%), from €107,599 to €114,223
- Other operating charges +€3,606
up €3,606 (+18.1%), from €19,967 to €23,574
- Financial income +€2,816
up €2,816 (+204.7%), from €1,376 to €4,191
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 | €312,883 | €339,187 | +€26,303 | +8.4% |
| Fixed assets | 21/28 | €232,215 | €195,511 | -€36,705 | -15.8% |
| Tangible fixed assets | 22/27 | €232,215 | €195,511 | -€36,705 | -15.8% |
| Land and buildings | 22 | €209,968 | €182,201 | -€27,767 | -13.2% |
| Furniture and vehicles | 24 | €22,247 | €13,310 | -€8,937 | -40.2% |
| Current assets | 29/58 | €80,668 | €143,676 | +€63,008 | +78.1% |
| Amounts receivable within one year | 40/41 | €50,936 | €114,796 | +€63,860 | +125.4% |
| Other amounts receivable | 41 | €50,936 | €114,796 | +€63,860 | +125.4% |
| Cash at bank and in hand | 54/58 | €19,797 | €18,944 | -€852 | -4.3% |
| Deferred charges and accrued income | 490/1 | €9,935 | €9,935 | = | 0.0% |
| Total equity and liabilities | 10/49 | €312,883 | €339,187 | +€26,303 | +8.4% |
| Equity | 10/15 | €285,100 | €318,681 | +€33,581 | +11.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €31,500 | €61,500 | +€30,000 | +95.2% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €55,000 | +€30,000 | +120.0% |
| Profit (loss) carried forward | 14 | €188,600 | €192,181 | +€3,581 | +1.9% |
| Amounts payable | 17/49 | €27,784 | €20,506 | -€7,278 | -26.2% |
| Amounts payable after more than one year | 17 | €11,657 | €6,179 | -€5,478 | -47.0% |
| Financial debts | 170/4 | €11,657 | €6,179 | -€5,478 | -47.0% |
| Amounts payable within one year | 42/48 | €16,127 | €14,327 | -€1,800 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €12,020 | €7,166 | -€4,854 | -40.4% |
| Trade debts | 44 | €1,607 | €1,785 | +€177 | +11.0% |
| Suppliers | 440/4 | €1,607 | €1,785 | +€177 | +11.0% |
| Taxes, remuneration and social security | 45 | €2,500 | €5,377 | +€2,877 | +115.1% |
| Taxes | 450/3 | €2,500 | €5,377 | +€2,877 | +115.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,999 | €33,553 | -€7,446 | -18.2% |
| Other operating charges | 640/8 | €19,967 | €23,574 | +€3,606 | +18.1% |
| Gross operating margin | 9900 | €107,599 | €114,223 | +€6,623 | +6.2% |
| Operating profit (loss) | 9901 | €46,634 | €57,096 | +€10,462 | +22.4% |
| Financial income | 75/76B | €1,376 | €4,191 | +€2,816 | +204.7% |
| Recurring financial income | 75 | €1,376 | €4,191 | +€2,816 | +204.7% |
| Financial charges | 65/66B | €1,433 | €2,329 | +€897 | +62.6% |
| Recurring financial charges | 65 | €1,433 | €2,329 | +€897 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €46,577 | €58,958 | +€12,381 | +26.6% |
| Income taxes | 67/77 | €16,957 | €25,377 | +€8,420 | +49.7% |
| Profit (loss) for the period | 9904 | €29,620 | €33,581 | +€3,962 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,620 | €33,581 | +€3,962 | +13.4% |
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 3 October 2026 via checked.be.