IMMO GGK: 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 GGK
Largest movements
- Tangible fixed assets -€145,415
down €145,415 (-5.3%), from €2.7m to €2.6m
- Financial fixed assets +€42,500
up €42,500 (+242.9%), from €17,500 to €60,000
- Debts after one year -€137,366
down €137,366 (-6.0%), from €2.3m to €2.1m
- Other operating charges -€5,612
down €5,612 (-24.5%), from €22,898 to €17,286
- Financial charges -€5,574
down €5,574 (-5.2%), from €107,256 to €101,682
- Taxes +€3,517
up €3,517 (+496.3%), from €709 to €4,225
- Gross operating margin +€2,881
up €2,881 (+1.0%), from €278,405 to €281,286
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 | €2,749,460 | €2,649,407 | -€100,052 | -3.6% |
| Fixed assets | 21/28 | €2,747,326 | €2,644,411 | -€102,915 | -3.7% |
| Tangible fixed assets | 22/27 | €2,729,826 | €2,584,411 | -€145,415 | -5.3% |
| Land and buildings | 22 | €2,729,826 | €2,584,411 | -€145,415 | -5.3% |
| Financial fixed assets | 28 | €17,500 | €60,000 | +€42,500 | +242.9% |
| Current assets | 29/58 | €2,133 | €4,996 | +€2,863 | +134.2% |
| Amounts receivable within one year | 40/41 | €69 | - | -€69 | |
| Other amounts receivable | 41 | €69 | - | -€69 | |
| Cash at bank and in hand | 54/58 | €2,064 | €4,996 | +€2,932 | +142.1% |
| Total equity and liabilities | 10/49 | €2,749,460 | €2,649,407 | -€100,052 | -3.6% |
| Equity | 10/15 | €8,710 | €21,386 | +€12,676 | +145.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,210 | €18,886 | +€12,676 | +204.1% |
| Distributable reserves | 133 | €6,210 | €18,886 | +€12,676 | +204.1% |
| Amounts payable | 17/49 | €2,740,750 | €2,628,021 | -€112,729 | -4.1% |
| Amounts payable after more than one year | 17 | €2,281,654 | €2,144,288 | -€137,366 | -6.0% |
| Financial debts | 170/4 | €2,281,654 | €2,144,288 | -€137,366 | -6.0% |
| Amounts payable within one year | 42/48 | €459,096 | €483,734 | +€24,638 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €131,596 | €137,366 | +€5,770 | +4.4% |
| Trade debts | 44 | €137 | €3,300 | +€3,163 | +2304.2% |
| Suppliers | 440/4 | €137 | €3,300 | +€3,163 | +2304.2% |
| Taxes, remuneration and social security | 45 | €1,730 | €4,934 | +€3,204 | +185.3% |
| Taxes | 450/3 | €1,730 | €4,934 | +€3,204 | +185.3% |
| Other amounts payable | 47/48 | €325,633 | €338,133 | +€12,501 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,415 | €145,415 | = | 0.0% |
| Other operating charges | 640/8 | €22,898 | €17,286 | -€5,612 | -24.5% |
| Gross operating margin | 9900 | €278,405 | €281,286 | +€2,881 | +1.0% |
| Operating profit (loss) | 9901 | €110,091 | €118,584 | +€8,493 | +7.7% |
| Financial charges | 65/66B | €107,256 | €101,682 | -€5,574 | -5.2% |
| Recurring financial charges | 65 | €107,256 | €101,682 | -€5,574 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,834 | €16,902 | +€14,067 | +496.3% |
| Income taxes | 67/77 | €709 | €4,225 | +€3,517 | +496.3% |
| Profit (loss) for the period | 9904 | €2,126 | €12,676 | +€10,551 | +496.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,126 | €12,676 | +€10,551 | +496.3% |
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.