Cie. GETE: 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.
What changed
Cie. GETE
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,880
2024 · €17,567-€20,447
Equity
€94,276
2024 · €97,156-€2,880
Cash
€6,012
2024 · €2,849+€3,162
Balance sheet total
€532,925
2024 · €545,844-€12,919
Largest movements
Assets
- Tangible fixed assets -€20,709
down €20,709 (-3.9%), from €525,409 to €504,700
of which Land and buildings: -€18,055
Equity and liabilities
- Short-term financial debts +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Other debts -€21,270
down €21,270 (-7.0%), from €305,394 to €284,123
- Debts after one year -€13,643
down €13,643 (-34.3%), from €39,767 to €26,124
Income statement
- Provisions +€16,500
up €16,500, from -€16,500 to €0
- Gross operating margin -€15,168
down €15,168 (-36.3%), from €41,797 to €26,629
- Taxes -€6,786
down €6,786 (-98.9%), from €6,862 to €76
- Other operating charges -€3,379
down €3,379 (-58.0%), from €5,828 to €2,449
- Financial charges -€1,996
down €1,996 (-23.6%), from €8,452 to €6,456
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.
Result 2024
€17,567
Gross operating margin
-€15,168
Depreciation
-€1,518
Provisions
-€16,500
Other operating charges
+€3,379
Financial income
+€579
Financial charges
+€1,996
Taxes
+€6,786
Result 2025
-€2,880
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.
From operations
-€7,748
Investment
-€430
Financing
+€11,340
Cash 2024
€2,849
From operations (derived)
-€7,748
Net result for the year
-€2,880
Depreciation
+€21,139
Receivables within one year
-€4,531
Deferred charges and accrued income
-€96
Trade debts
+€3,716
Tax, wage and social debts
-€4,402
Other debts
-€21,270
Accrued charges and deferred income
+€576
Investment (derived)
-€430
Investment in fixed assets (net)
-€430
Financing
+€11,340
Debts after one year
-€13,643
Current portion of long-term debt
-€17
Short-term financial debts
+€25,000
Cash 2025
€6,012
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,844 | €532,925 | -€12,919 | -2.4% |
| Fixed assets | 21/28 | €525,859 | €505,150 | -€20,709 | -3.9% |
| Tangible fixed assets | 22/27 | €525,409 | €504,700 | -€20,709 | -3.9% |
| Land and buildings | 22 | €515,306 | €497,251 | -€18,055 | -3.5% |
| Plant, machinery and equipment | 23 | €3,508 | €3,241 | -€267 | -7.6% |
| Furniture and vehicles | 24 | €6,595 | €4,209 | -€2,386 | -36.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €19,986 | €27,775 | +€7,789 | +39.0% |
| Amounts receivable within one year | 40/41 | €14,334 | €18,865 | +€4,531 | +31.6% |
| Trade receivables | 40 | €9,303 | €7,405 | -€1,898 | -20.4% |
| Other amounts receivable | 41 | €5,031 | €11,460 | +€6,429 | +127.8% |
| Cash at bank and in hand | 54/58 | €2,849 | €6,012 | +€3,162 | +111.0% |
| Deferred charges and accrued income | 490/1 | €2,802 | €2,899 | +€96 | +3.4% |
| Total equity and liabilities | 10/49 | €545,844 | €532,925 | -€12,919 | -2.4% |
| Equity | 10/15 | €97,156 | €94,276 | -€2,880 | -3.0% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €6,246 | €6,246 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €49 | €49 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,090 | -€97,970 | -€2,880 | -3.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €448,689 | €438,649 | -€10,040 | -2.2% |
| Amounts payable after more than one year | 17 | €39,767 | €26,124 | -€13,643 | -34.3% |
| Financial debts | 170/4 | €39,767 | €26,124 | -€13,643 | -34.3% |
| Amounts payable within one year | 42/48 | €408,921 | €411,949 | +€3,027 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €13,660 | €13,643 | -€17 | -0.1% |
| Financial debts | 43 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Credit institutions | 430/8 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Trade debts | 44 | €7,449 | €11,165 | +€3,716 | +49.9% |
| Suppliers | 440/4 | €7,449 | €11,165 | +€3,716 | +49.9% |
| Taxes, remuneration and social security | 45 | €7,419 | €3,017 | -€4,402 | -59.3% |
| Taxes | 450/3 | €7,419 | €3,017 | -€4,402 | -59.3% |
| Other amounts payable | 47/48 | €305,394 | €284,123 | -€21,270 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €576 | +€576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,620 | €21,139 | +€1,518 | +7.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,500 | €0 | +€16,500 | |
| Other operating charges | 640/8 | €5,828 | €2,449 | -€3,379 | -58.0% |
| Gross operating margin | 9900 | €41,797 | €26,629 | -€15,168 | -36.3% |
| Operating profit (loss) | 9901 | €32,849 | €3,042 | -€29,807 | -90.7% |
| Financial income | 75/76B | €31 | €610 | +€579 | +1852.2% |
| Recurring financial income | 75 | €31 | €610 | +€579 | +1852.2% |
| Financial charges | 65/66B | €8,452 | €6,456 | -€1,996 | -23.6% |
| Recurring financial charges | 65 | €8,452 | €6,456 | -€1,996 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €24,429 | -€2,804 | -€27,232 | |
| Income taxes | 67/77 | €6,862 | €76 | -€6,786 | -98.9% |
| Profit (loss) for the period | 9904 | €17,567 | -€2,880 | -€20,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,567 | -€2,880 | -€20,447 |
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 7 October 2026 via checked.be.