IMMO GHD: 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 GHD
Largest movements
- Tangible fixed assets -€26,730
down €26,730 (-2.9%), from €927,093 to €900,363
- Debts after one year +€53,420
up €53,420 (+4.7%), from €1.1m to €1.2m
of which Other amounts payable: +€80,000
- Other debts -€44,861
down €44,861 (-55.2%), from €81,253 to €36,393
- Profit (loss) carried forward -€36,376
down €36,376 (-11.3%), from -€322,422 to -€358,798
- Financial charges -€708
down €708 (-4.2%), from €16,707 to €15,999
- Other operating charges +€611
up €611 (+157.8%), from €387 to €998
- Gross operating margin -€247
down €247 (-3.3%), from €7,598 to €7,351
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 | €933,939 | €906,553 | -€27,386 | -2.9% |
| Fixed assets | 21/28 | €927,093 | €900,363 | -€26,730 | -2.9% |
| Tangible fixed assets | 22/27 | €927,093 | €900,363 | -€26,730 | -2.9% |
| Land and buildings | 22 | €927,093 | €900,363 | -€26,730 | -2.9% |
| Current assets | 29/58 | €6,846 | €6,190 | -€656 | -9.6% |
| Amounts receivable within one year | 40/41 | €3,697 | €0 | -€3,697 | -100.0% |
| Trade receivables | 40 | €3,697 | €0 | -€3,697 | -100.0% |
| Cash at bank and in hand | 54/58 | €405 | €3,700 | +€3,294 | +812.6% |
| Deferred charges and accrued income | 490/1 | €2,744 | €2,490 | -€254 | -9.2% |
| Total equity and liabilities | 10/49 | €933,939 | €906,553 | -€27,386 | -2.9% |
| Equity | 10/15 | -€320,422 | -€356,798 | -€36,376 | -11.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€322,422 | -€358,798 | -€36,376 | -11.3% |
| Amounts payable | 17/49 | €1,254,361 | €1,263,351 | +€8,990 | +0.7% |
| Amounts payable after more than one year | 17 | €1,146,906 | €1,200,327 | +€53,420 | +4.7% |
| Financial debts | 170/4 | €558,523 | €531,944 | -€26,580 | -4.8% |
| Other amounts payable | 178/9 | €588,383 | €668,383 | +€80,000 | +13.6% |
| Amounts payable within one year | 42/48 | €107,454 | €63,024 | -€44,430 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €25,854 | €26,580 | +€725 | +2.8% |
| Financial debts | 43 | €14 | €12 | -€2 | -12.7% |
| Credit institutions | 430/8 | €14 | €12 | -€2 | -12.7% |
| Trade debts | 44 | €333 | €40 | -€293 | -87.9% |
| Suppliers | 440/4 | €333 | €40 | -€293 | -87.9% |
| Other amounts payable | 47/48 | €81,253 | €36,393 | -€44,861 | -55.2% |
| Accrued charges and deferred income | 492/3 | €1 | €0 | -€1 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,730 | €26,730 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Gross operating margin | 9900 | €7,598 | €7,351 | -€247 | -3.3% |
| Operating profit (loss) | 9901 | -€19,520 | -€20,378 | -€858 | -4.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,707 | €15,999 | -€708 | -4.2% |
| Recurring financial charges | 65 | €16,707 | €15,999 | -€708 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,227 | -€36,376 | -€150 | -0.4% |
| Profit (loss) for the period | 9904 | -€36,227 | -€36,376 | -€150 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,227 | -€36,376 | -€150 | -0.4% |
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.